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Looking at another 100 6- value?

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Found a local 100 6. disassembled years ago but kept in the dry. Tub and frame have rust. Wings, doors, hood and trunk lid usable. Engine turns but not matching number. 95% there that I can tell. Owner won't price it but wants to sell. I'm thinking around $3000. Am I low or high on the offer.

Marv
 
Only if you have a use for the parts. Its unrealistic to restore one of these in the condition you've described. IMO. Kevin
 
I understand Brinkerhof's reply and reasoning. If you pick a project like described, and you do most of the work yourself, basically saying your time is worth little to nothing, you will most likely not break even financiaally. <span style="font-weight: bold">HOWEVER,</span> if you understand the amount of time, effort and $ the project will cost and are doing this for the luv of the "hobby", to learn skills, and have the self satisfaction of restoring a classic car, then find a reasonably complete car and go for it. Just go in with your eyes open and your expectation reasonable. The initial cost (a few thousand here or there in the initial cost)is not the issue. What becomes most important is "do you have a good basis to start?" and how much of the car is useable? In a project like you described, you are buying the structure and the title allowing you to say it is an AH..........etc. Even when I buy a "complete" car project, I assume it will need everything, and more. Hope this helps,

Doug
59 AH 100/6 BN4
 
Hawkscoach's answer is on mark. Diving into a project as described is for the luv of the hobby and acquiring learning skills, resulting in self satisfaction.

But, flipping the coin just a tad bit, maybe you should do a little more exploring as to what else is out there, weighing outright costs as well as necessary investment costs, given the existing condition of the car. I spent five months going through four states looking at some two or three dozen Healeys. As I look back, I am pleased with having held off before buying the one I presently own.

Besides, all that time, looking and asking questions helped to solidify and make the appropriate choice.

No regrets here.

Paul
 
Hey Rich ! We can be friends can't we? It doesn't mean it can't be restored. It just means maybe you shouldn't. Why restore a 100-6 to this extent when a BJ8 is worth more than twice when finished? Your car looks nice but that doesn't mean it was "realistic" to restore it from an investment point of view, it would've cost no more to restore a BJ8 to that level.
 
Brink. Friends is great! Realistic, I was. Financially sound idea, almost. Since I did so much of it myself and with my son (which was the point)it was worth the bit over the final value. A BJ8 would have been nice if I had found the right one.
Looking forward to driving her this coming year...
Rich
 
Hey Rich,
You've got one thing no BJ8 has that I have owned, that tremendous, glorious, deep exhaust note that only a roadster versus a convertible Healey seems to attain. Seems like that exhaust note was tuned out by DMH as the cars became more of a touring car versus the roadsters. Before I upset the convertible guys, I have owned BJ8's and loved them too, but never had a Healey that sounded as good as my BN6 and imagine your tri-carb sounds just as good !
Regards,
Mike
 
I have a GMB 67 BJ8 I restored 3 years ago from grd. up. It was in a lot worse shape than the BN4 I'm looking at. It was a car my father bought. I just want to know an idea of what a rough car is worth.

BTW, my experience is the earlier cars do have a deeper exhaust than the later cars.
Marv
 
unless you are planning on selling the car for a profit , pay what you feel comfortable with after all it is your money . just because someone else will not take on a project at a certain price does not mean it is not right for you . my brother in law paid over $30,000 for a bass boat which I think is crazy but it is his money and he enjoys the boat . so if you think this is a good project car for you ... go for it . sure you may end up with more money in the car than it is worth on the selling market but if you enjoy working on cars , the Austin Healey project will give you many hours of enjoyment and that is priceless .
 
Hey Marv,
I restored a 58 BN6 and still miss it. Is your 100-6 a BN4 4 seater or a BN6 2 seater? Also, what year is it, perhaps an earlier Longbridge model versus the 6 port head later 100-6's ? Above will make a difference on the value.

From what you describe with a lot of rust damage, offer him the $3000 and see what happens. You're probably looking at an easy $20k to $30K to restore it back to a driver quality if you do a lot of the work yourself. As we all know, it is easy to put $60k into a full restoration.

Another thing too, is the seller a Healey nut or just someone who happens to have an old rusted out 100-6 in his garage ? If it's the latter, he might jump at a low figure to get rid of it. Good luck and let us know what you do.
Regards,
Mike
 
Bring CASH!!!!


It talks!!

Pete
 
Made an offer of $3000 for the car, owner is going to think about it. He does know Healeys. Of course, after I made the offer, another car has surfaced so we will see.

Marv
 
No luck so far, owner thinks the car is worth $5000. Little steep to me for what it is.

Guess I'll move on. I did hear about XKE coupe.

Marv
 
:iagree: Impeccable styling outside of the XJS.
 
Hello again Marv, nice to hear from you again. You might want to view the BN4 that's listed in the BCF right now. Send Lou an email asking him the same questions you pose here. Lou has been there and done that. A real nice guy that won't steer you wrong.
 
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