Cheers Icey. Nah not going to sell for few hundred quid.
This is a well respected classic car specialist. Guy is a decent fella.
Sorry £2000 is too low for a lot of welding?
Dunno. Paying someone £4-£5K to end up with a car thats probably worth about £3K. Hmmm doesn't make a whole lot of sense to me.
DIY not an option. I'm pretty useless with cars.
You have to think in man-hours rather than task based pricing. If you work out how many hours it will take to strip, fit and finish a whole load of panels and parts, and do it properly with quality replacements (i.e. not snot-welding patches over rust, decent aftermarket parts) £2000 doesn't go very far. People's time is expensive, to parrot an old adage - Skilled labour isn't cheap, cheap labour isn't skilled.
I also think you're underestimating the value of your car. The JDM Minis have a bit of a premium. In good condition, £3k is at the low-end of possible valuations.
And, to be honest, you don't own a classic Mini and expect a return on your investment if you're actually using it. Ours is probably only worth a few £k but I have receipts that total over £10k (albeit over quite a few years). If I stopped working on it when it exceeded it's market value it would have been in the scrapyard years ago.
Cheers Icey. I must admit I did wonder why a special one with AC would be worth less.
Know what you mean about the costs though. BUT for us, it is a "spare" car which is like a luxury - plan was to only use in the summer anyway. BUT with son coming up 16 we're wondering if it would be a good first car for him.
Know what you mean about man-hours too. Which is why I tend not to do much myself. Better to stick to what I do normally and get paid more
In the past I've found that doing myself, means it takes three times longer than a pro would do it, its not as good, so I end up maybe saving myself £30-£40 for spending all day doing a job.