Well....back down to Earth since John did set a budget of $20k in his original message!
John...your goals are in concert with mine. Having just bought a beautiful rust free, all original car for less than $20k, I feel confident you will have similar luck. As you know from private e-mails, I am keeping an eye out for you. I started with a 280SL in mind, but quickly realized that the model differences are minor and a limited budget would be better served on purchasing the best 230/250 I could find. As I told you before, the majority of listings on
www.oursl.com can be had for 25% less "right off the bat". I would REALLY take your time and make sure you find a rust free example! This will save you thousands in the future. I also try to find cars that have been owned by responsible (and some times wealthy) people, as they typically keep their cars better. If you are mechanically inclined (I am) and can at least perform all the maintenance and minor repairs, you can save a fortune. Since parts are rising in cost at a rapid rate, I would definitely stockpile the items needed (especially cosmetic parts) even it it takes a while to fund the labor (assuming various tasks will be performed by professionals). Overtime, and with a reasonable outlay, you can unfurl a really nice car that is original, authentic and impressive to 99% of the population. It may only be 93-95 points....but trust when I say it takes several thousands to achieve each point above 95%!
When I owned other classics in the past, I became one of the other 1%. I turned in a pedantic extremist and didn't care how much I spent to make everything perfect. Eventually common sense prevailed and I sold off my cars (at a big loss when compared to investment). I find high-end restoration shops offering such extremes! For a mere $75k to 150k.....I will restore your car so it ends up looking better than it rolled off the assembly line! In actuality, this is what typically happens. You will also note that the high end restoration shops are the ones selling cars at inflated prices....and they will eventually get their price. Don't misunderstand me...there is nothing wrong with wanting a perfect car if you can afford it. However, I have seen too many people spending their life savings on restoring cars just to keep up with the other 100 point club members. I am an example of someone who became lured in this fashion but luckily didn't end getting hurt financially. Then there were other club members who didn't look at very minor flaws and just enjoyed their cars (and drove them too). They didn't win the big trophys but at the end of the day probably were happy with their cars for what they were....cars!
Now I am back in this game with a different point of view. I refused to become obsessed this time. John...keep me posted on your progress! During business hours, e-mail me at j.p.mose@lmco.com, as I can't access my Yahoo account at work (due to the firewall).
Best Regards,
J. P. Mose
1968 250SL