used cars that will increase in value. if fixed up late model ones?

Question

i would like to buy some used car . about 2000 dollars or so . can be driven daily. then fixed up a bit at a time. including new interiour fabric and all such things. the idea being i could drive it daily regular car speed 200 or 300 month on repairs and end up with some car that i can sell for more money after a number of years.
does this sound do able or what and if you think it can be done what kind model of car would you suggest . i am in ontario canada

Answer 1

dude, first you're in canada, so i'm thinkin (from the midwest USA) that your first issue would be rust, so good luck finding a car in need of resto that isn't a rusty nightmare.

second, 2-300 a month is what i thought when i started restoring my 71 superbeetle. i can do 300 in a DAY and not make very much progress.

resto is a rich man's game, providing that rich man also has mechanical skills, body work knowledge, and room to do it all properly. otherwise, it's a sucker's game, and you end up like a lot of us with a dream that will never see the road.

good luck to you, a please think the whole thing thru. i'm not giving up on my bug, but it is a whole lot more work than i thought it was gonna be!!!

Answer 2

Only limited production cars do what you are asking, example: the Third generation Chevy Impala SS 1994-1996 but be prepared to spend on finding one in mint condition. The value on those are pretty steady, the GM Typhoon and the GM Cyclone, 3000 Gt by Mitsubishi, the Cherokee 5.9 L, the Toyota Supra (turbo) and the Z28's. Mainly since they are so rare they almost never lose in value, the key is finding one thats not modified or a knock off. One with the engine of its counterpart rather.

Answer 3

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Answer 4

I suggest that unless you are a serious automotive restorer your work will not be good enough to increase the value of the car. You will never recover what you put into it. Just save your money and buy a better collectible car.

Answer 5

Most convertibles will retain a good market value,,
I personaly like anything older than 1972 for restoring,,and most of the time the market value will increase with a classic car.
Two door hard tops are a good investment.

Answer 6

Stick with popular models, sporty ones, convertibles. You can go with older Corvettes, but they are hard to find in that price range. Maybe an old Mustang GT.