Do you have a car in your garage that was once owned by your parents or grandparents? Would you like to restore it and bring back the family memories that are only preserved in photos?
It’s a great idea and one that I think will always be valuable, whether you want to use the refurbished car as an additional source of income by renting it out, or driving it for pleasure on sunny summer days.
The more interesting thing is that, in Europe, you will have to wait at least a year for a good restorer. Until you are confronted with similar needs, you have no idea that there are certain activities that enjoy a demand from customers and a constant supply of jobs. It is indeed worth shaking the heads of those who have golden hands and are considering a profitable and viable business.
I was told all this by a relative who had an old car and wanted to restore it for his own pleasure. He is a patient man who has been to every possible garage offering car restoration services. All he managed to find out is that the wait will be really long, that the chances of making a profit on the sale of a restored car of this model are slim, and that the prospects of making a tangible return on a lease are also vague, because the supply on the lease market is very high.
It is another thing to try to make a profit from the investment and to seek a return on it. Working in the entertainment business myself, I constantly see people renting all sorts of cars. At every event, I see new models of cars, whether they are the latest market novelties from modern manufacturers or the most sophisticated historic and retro cars. I have yet to see the same owner over the years.
People like and love cars. They bring them back from all over the world, restore them or buy them ready to use. Some people like Volkswagen Beetles or T1 buses, others retro Rolls Royce limousines, others new Mercedes models, others Soviet classics and so on.