There are many would be entrepreneurs who buy old scrap cars and work on them in the hope of re-selling them as good reliable vehicles. But of course there are those whom there only chance of affording any car is buying a scrap car or salvage project and repairing. But with this there are questions over the real price of bring an old car back to life and the safety aspects whilst doing the work, or the car itself when back on the road.
Costs are normally calculated by adding up the large items to come to a final price, but many fail to measure the smaller costs, such as delivery of car parts, or smaller items like seals, oils and residual stuff. This is before we look at phones calls, petrol to pick any items, tools needed to be bought and safety items needed during the repairing period. Take for example flammable fluids like petrol, really even professional garages should be using atex equipment to ensure nor fires, but most don’t and it is much worse within smaller garages and back yards.
The reality is some will make a profit from doing such work, many will think they have and another group will know they have lost money. It is likely that the lucky ones are those who have the connections and parts supplies together with the right equipment and maybe atex equipment. Then there is the ability to sell at forecourts prices not private, otherwise things do get close. Is buying and doing up scrap cars affordable? Who knows, there are just too many comparisons to get a true picture.
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Oct.2,2010