car talk acc presentation 20090917

9/12/09

• Buy vs. Build– Do your homework first!

• Buying– “a buyer should be knowledgeable about the particular model he or she wishes to purchase. When

all the available options are known, a buyer is then able to make a qualified appraisal of the authenticity of the vehicle in question, and make an educated purchase” - NADA

• Building– Understanding the process

– Good, fast, cheap – pick two

• Case Studies@2009 J&C Coachworks all rights reserved

9/12/09

Understand what you want (or have)

– Specific make, model, year, color, trim, etc.• Flexibility = $

• Specifications = $$$

– Why do you want it?• Investment considerations

– Concours / Speculative / Market Dynamics

• Statement– Daily Driver / Cruise-Ins & Shows / Vintage Racer / Etc.


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• Find out what is available– Car Shows

– Internet

– Newspapers & print

– Drive-by

– “Go west young man”

• Understand the market– Market value & Situational value

– Negotiations & Perspectives

– Current Market & Dynamics


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• What needs to be done– What is the desired outcome?

• Daily driver

• Street /strip/rce

• Show car

– Buy as much as possible

– Restore as much as you can

– Rebuild/Fabricate what you must

• What’s this gonna cost and when can I have it?@2009 J&C Coachworks all rights reserved

9/12/09

• What needs to be done? – Strip ‘em down & get under 'em – know what you have!

– Develop game plan based on objectives

• What to look for– ASE and other professional credentials

– Capabilities

– References / prior work


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Case #1 – 1962 Morgan +4

• What is the intent?

– Investment – not so much, but this is a unique market

– Statement – I love this rare and very cool british racing car and am damn well going to drive it like we do!

• Valuation

– Book?

– Supply & Demand

– Market Dynamics


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• Case #1 – 1962 Morgan +4

• Rebuild body from frame up with factory new & restored original wood

• Restore & fabricate steel body panels & fenders

• Premium Leather upholstery

& finished interior

• Engine rebuild

Market High $77,000 $59,000

NADA High Retail

$43,000 $57,500

NADA Low Retail

$15,500

Restoration cost

$42,000


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Case #1 – 1962 Morgan +4


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• Case #2 – 1972 Chevrolet Monte Carlo• What is the intent?

– Recapturing the fun & new/old memories

• Valuation– Original owner

» bought new upon return from Vietnam

– Collectible & Recognizable Car

• What needs to be done?–LOTS!

• Bad prior restoration• Lots of rust


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Case #2 – 1972 Chevrolet Monte Carlo


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Case #3 – 1969 Chevrolet Caprice

– Inherited strong sentimental value

matching numbers

custom market vs. concours

– Phase 1 – Daily Driver (sleeper)

– Phase 2 – Retrorod

& Show Car


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Case #3 – 1969 Chevrolet Caprice

– The numbers:

– Project

Estimates• Frame narrowed $ 1,500

• New rear end $ 3,000

• Air suspension $ 4,000

• Engine Performance $ 3,000

• Custom body work & restoration $ 9,000+

• Custom 2-tone paint $10,000


9/12/09

J&C Coachworks Jack Maher & Chris Alcott

Contact

E-mail: [email protected]

Phone: 614-777-5033

Mail: 3000B East Main St. Columbus, OH 43209

Shop visits by appointment

Media

- Twitter: jack_maher- www.jc-coachworks.com- www.youtube.com/user/JCCoachworks


car talk acc presentation 20090917

Automotive