Another interesting Dino for sale

...is that worth resurrecting?

 

That would be a great project! The biggest concern of course is the engine. Supposedly rebuilt in 1995, they don't mention if it turns or runs. If it doesn't, I'd take a pass unless they gave you the car for just a nominal sum. The good thing is that 246 prices are indeed on the upswing and one has a chance to come out okay if they did it themselves. Think $40k for the car and $50k in restoration is reasonable? Ah, they probably want $70k.

Ken

 

I see a price of $58,500.

 

As prices increase, it draws all sorts of cars out of the woodwork.

I find the claims of climbing valuation in the future a bit too speculative to believe they actually printed that...

 

I'd also make sure EVERY part was there as some are getting VERY difficult to find.

 

You'd better believe it! of course it's worth doing it does'nt look to daunting, but like Synchro say's i would have a good parts inventory done as i wouldnt be suprised if good old e-bay has'nt already sent a few obscure parts from this car around the world!

 

Dino Register has nothing on the car.

Let's do the numbers.

Purchase $58,500.
Paint $15,000
Rust repair $5,000 (rockers still have black paint on them probably hiding rust)
Interior $6,000
Motor $5,000
Tranny $5,000

that's assuming it has all the regular Dino issues.

Other considerations are:

Tools and books $10,00-$15,000

Misc stuff you'll "do while you're in there" $5,000

At some point overhaul the suspension $7,500 +-

Pray all the parts are there $3000

Maybe cheat the paint down and get it done for $8000, still, you're in the $90's before you buy books and tools or get any surprises.

A bargain? No, but close to market, maybe. Three years ago I paid $40K for a US spec car that needed less than this one does now. I'm barely on the upside for value following the work I've had done.

Of course, if you're prepared to do your own re-assembly, you might save a few bucks. And if you're good with motors and transmissions.......

DM

 

Interesting summation of costs. I assume they include labor; I bill myself at somewhat less than a pro restorer. Also, I'd skip the books and tools if I were buying this car to drive as opposed to making a 90+ point car, and $8k will bring a really nice paint job, especially as this car is more prepped than most.

Your 246 for $40k was the bargain of the year! Good Dinos are going North of $100k if they're not there already. The fact you are "barely on the upside" is in itself a victory. Who ever makes money buying needy old Ferraris?? Almost no one. You could get a needy 308 QV for $20k and be nowhere near break even by the time you make it a "$35-38K" valued car.

Ken

 

Books, optional, noti ncluded in the numbers I used to get to $90K+.

And yes, these are assuming you have someone do the work for you, but they also assume that no giant surprises jump out from under the car.

There's still ton's of prep work to do on that car before you paint it, and you still have to put it back together, and it's not going to be a piece of cake for the assembler, since he didn't have the luxury of disassembly.

I think my numbers are pretty conservative.

and yes, I consider myself very lucky to be on the high side on my car.

Dave M.

 

At the bottom of the page they state that the car does run and sounds good with a cold compression reading of 140-150, but $58,500 way to high for me.

 

Can you imagine all the little unobtainable parts missing out of the boxes?

 

DD.

I'll take this car on as a project for you!

There really aren't any unobtainable parts for the Dino, just some that aren't original. Some take longer than others to find, but without A/C and the euro motor, this one won't be that hard to piece back together.

C'mon. You front the money, I'll take care of getting the work done for you, you'll have a great car at market, in about 12-16 months.

Or, you could just send it to Shaughnessy and let him do it....

dave

 

Just imagine how many fasteners are missing, clips, little odds and ends that would drive you nuts (no pun intended) sorting it out. You would also need a reference dino to assemble the thing correctly unless you have done several dino 246 restorations in the past. The car is way over priced, make it $35K then you have room or buy it and wait for the market to triple in value then start restoring it when its worth while.

 

If it was profitable to paint and THEN sell it, isn't it reasonable to think that the Seller, who is very seasoned, would have done this?
Seeing them just dump this project car on the market, makes it look like they are doing just that - dumping.