When does money outweigh sentimental value? 1968 notchback build thread
When it comes down to weighing your emotional attachment for a vehicle versus the desire to remain practical there are a few questions you need to ask yourself.
1)What is a realistic estimated cost of finishing the car?
Let's just say (for instance) that the answer is $15,000.
2)Would you rather have a different vehicle for that estimated cost of finishing the one you already have?
If so, then the vehicle you already have is not truly your dream car.
3)Can your budget afford to finish the car?
If not, you're probably over your head and either need to downsize your goals for the car or find a cheaper alternative.
4)Do you have the time and patience to complete the work?
Many guys start projects and lose enthusiasm before they finish. Sometimes it's because of money. Sometimes it's because of the time factor. Most of those guys will end up taking a loss on their investment if they sell.
5)True sentimental attachment and it's value can only be determined by the actual owner. No matter how attached you may think you are to a car you're unlikely to turn down an offer of a million bucks for it. Ask yourself what the tipping point is. Are you willing to invest $25,000 in a car that you may have a hard time selling for $15,000 later on.
If you think it's critical not to get upside-down on how much you've stuck into your car then realistic planning is essential.
6)Others have mentioned it before. If you've got family (or even friends) that you might enjoy working with together on the vehicle, - that can turn even the most miserable jobs into priceless memories.
Another factor that may need to be taken into account is how much pride you might take in building your own car. It doesn't always have to be the prettiest or the fastest but just knowing that you poured a bit of your own blood and sweat into doing a build can be pretty rewarding.