For those in the classic car business, more important that ownership and driving is the preservation and restoration of a vehicle. After all, classic cars are all about showmanship! A classic car often requires several restoration projects before it is ready to be showcased to the world. And restoration is not an easy task either.
Some folks engage in restoration as a hobby while others make a living out of rebuilding old cars. For both kinds of folks though the hardest thing is planning the entire process of restoration. Besides, money, it is the time and effort necessary to complete a successful restoration. You’ll also need to ensure that you get a motor traders insurance policy to cover your classics, such as those found here: https://www.onesureinsurance.co.uk/motor-trade-insurance
Dividing The Work
A crucial part of restoration is deciding how to divide the work. This matters a lot to those who engage in it as a hobby. Now, you probably love what you do and therefore got into the business of classic car restoration but the outcome has to be perfect and you will not be skilled in all departments. Based on your budget and skill level therefore you will have to divide the work among few professionals or likeminded enthusiasts.
If you plan on driving the classic finish personally then slightly inferior fittings, spray painting rather than powder finish really won’t make much of a difference. But, if your intention is to flip it once the project is complete, you do have to take into account the overall workmanship.
The first step therefore is to make a schedule or timing sheet. Restorations generally tend to deal with unforeseen problems and in order to work through them you have to keep to a schedule so that you understand when it is time to call in professionals.
Another bottleneck in this motor trade business is parts and components. The older a vehicle is the harder it is to get parts. Some have to be custom made and the wait on such parts can be irritating to say the least. Besides, older vehicles tend to react sooner to the environment so planning for the paint during the winter would be a bad idea since it just won’t dry enough.
The final bottleneck is the budget. Keeping a clear budget from the beginning will let you finish on track without holding your progress back. Borrowing to finish renovations is never a good thing and you really never know when your classic restoration may sell and for how much.
By the way when you do account a budget remember to include motor trade insurance, the necessary covers and protections too as it is a financial investment for you and a business so insurance is a must.