Actually I figured out the annual cost of ownership a while back. Including repaints, engine overhaul, shocks, batteries, the works, and I came to something like $2,500 a year - this is if you do most of the maintenance and minor repairs yourself. I've owned my car for 5 years now and it was not in very good shape when I got it. Since I got everything straightened out, my annual expenses have been lower than the $2,500 figure. I probably spent around $15,000 during those 5 years but that included an engine rebuild, repaint and some other more expensive things. The main thing is to shop around and not 'go for the gold' in the items mentioned by Hauser (for example, my repaint cost me $2,000 and the quality is >90% of what a $10,000 paint job would have cost me). If you do go all out, then indeed the sky is the limit ...
Cees Klumper in Amsterdam
'69 white 280 SL automatic