View Full Version : Build vs Buy
snowdave
01-03-2019, 08:13 AM
I am in the early stages of planning a build where we have acquired a donor and will spend the next two years refining it before ordering and starting the kit. You can get the rough idea here: Intro (https://thefactoryfiveforum.com/showthread.php?28847-THE-Master-Plan-(according-to-son)&p=329827#post329827).
I was reading through a recent thread about budget (Link (https://thefactoryfiveforum.com/showthread.php?30704-Realistic-budget)) and it got me thinking if building a FFR Roadster is the smartest choice. There are lots of finished Roadsters selling in the $30-35k range and most have much higher spec than what I am planning with my budget build. I wouldn't be too surprised if some cost over $50k to build and are still selling in the $30s. I have guesstimated a budget for my build between $20-30k depending on options and using this excellent cost list as a rough guideline: John's Build Cost (https://cobra.spintime.org/cost.html).
I realize this is not purely a financial decision and I am not trying to make money from my project. I love to build things and this would be a great project with my son resulting in one of my dream cars, neither of which can be quantified. However, if I am going to spend at least a year of my life building, I don't want to end up regretting it on completion.
I fully expect this is a biased group, but I am very interested in your opinions, especially in hindsight.
frankb
01-03-2019, 08:22 AM
Snowdave: You are going to spend your money on some form of entertainment whether it is a Cobra or skydiving, or whatever. It all comes down to being your personal choice. FFR8317 was my second big project, the first being a 1970 Mach1 restoration, and I did neither with the goal of making money. Working with your son sounds like a great way to spend money if you ask me! And you can drive the results!
Build or buy, you'll spend plenty of time working on it after it's complete as they are never really finished.
Buy one and save money / time and you still get pride of ownership.
Build one and create magical memories but whatever you think it will cost and however long you think it will take -- double that number.
cgundermann
01-03-2019, 08:31 AM
The personal pride in “built not bought” and the time with your son are priceless! And when you build your own, you tailor it exactly to your specifications and needs. You more than likely will save money buying one already built, but the time and money doing a hobby build is worth it IMO.
Chris
GoDadGo
01-03-2019, 08:34 AM
Welcome Aboard & Either Option Can Be A Good Path!
Like Naz stated if you build one then you will create magical memories, but it will likely cost you more and life may get in the way of your build which it has for me on several occasions.
I looked at two Factory Five's before taking on my project. The first was a nice donor build MK-3 powered by a 302 with a T-5 while the second was an over the top supercharged MK-4 that was sporting a pumped up engine out of an early 2000 Mustang Cobra. Both were fine cars, but the owner of the second suggested strongly that I build my own car since I knew so much about Factory Five. He refused to sell me his car because he would be doing me a disservice since he understood the joy of the build shortly after I took on the task.
Either path you take will be a good path; however, if you buy a car you will miss the ups and downs of the build.
Finally, I'm a banker by trade so money spent on these wonderful machines are not dollars well invested, but often times are dollars that were well spent.
Please Keep Us Posted!
Unconventional Cobra:
https://youtu.be/_wnHDNgnNqs
What It Pretty Much Looks Like Today:
https://www.youtube.com/watch?v=wOID7yvBRPU&t=1s
Steve
DadofThree
01-03-2019, 08:52 AM
I was BUILD all the way. My interest was more about learning and actually building a car by myself. I've worked on cars in the past in a minimal capacity, but wanted to REALLY learn about cars. The fact that it was a Cobra made it extra cool for me, and continued to feed my interest in getting it done. You may be able to find an already purchased but unstarted build in the classifieds one day. That's how I was able to obtain mine. Best of luck. Dave
It all comes down to your personal goals. I believe you need to ask yourself these questions: If you buy, a year or so down the road, will you regret your decision and wish you had built? Or if you build, would you say to yourself a year into the project "This is too much work - why didn't I just buy a finished car?" I think the answers to those questions will help you set your path.
It's taking me way longer than I ever expected, but I relish every minute of the project and have no regrets whatsoever. I know every bolt on my car. Just sayin'
snowdave
01-03-2019, 09:15 AM
Great responses/insight so far, please keep them coming. You have already given me three specific points that help articulate my concern.
First, the comment regarding doubling time & money for the build. With my guesstimates at 1 year and $20-30k, doubling it puts me at 2 years and $40-60k. Sadly, this level of disparity between cost and eventual selling price pushes me heavily into the buy camp.
Second, my son and I are very different when it comes to projects. I am very slow and methodical and my projects usually reach 90%, which is often good enough for my standards. My son on the other hand is a great idea-guy, but usually lacks motivation and only occasionally contributes on the physical work for short periods of time. I/we have built four motorcycles, an electric scooter and are currently working on a go-kart and this difference in approach has almost always meant I do most of the work and he mostly contributed with ideas and troubleshooting.
Finally, all of our projects so far have been under $1k. The idea of jumping into the deep end with a much bigger, costlier project is certainly intimidating.
KDubU
01-03-2019, 09:17 AM
Building is a lot of fun. Yes there will be times of frustration and confusion but this community will help you through those. As others have mentioned, building your own car is an incredible feat and something that you will not regret. Now saying this, one also have to consider that it will take a lot of your time and yes it will cost more than you will ever sell it for (remember your labor is free). You also get to make it your own from paint color to various mods you may take on. Now can you buy a finished one and be driving in a few days, sure and that is a great option too as you will find some nice builds out there.
It comes down to your priorities and I know personally that if I could build one with my son or had built mine with my Dad (that was the original plan but he passed suddenly), then I would build.
Bob Cowan
01-03-2019, 09:31 AM
Financially speaking, it never pays well to build your own. When you sell your pet project, you'll be lucky to get 75% of your parts cost. You're almost always better buying someone else's headache/project.
BUT... it may not be exactly what you're dreaming about; color, interior appointments, engine choice, even camshaft choice. Some of those things can easily be changed, and some not. I wanted a car with a Coyote engine and 6 speed auto. I'v never seen one built, much less seen one for sale. So building was the only option.
Building has it's own rewards, as said above. But you need the time, patience, and ability to do that. Building your can easily take 2 years, and 3 is common. If you want to drive the car this spring, buy a built car.
Jeff Kleiner
01-03-2019, 09:37 AM
I realize this is not purely a financial decision and I am not trying to make money from my project. I love to build things and this would be a great project with my son resulting in one of my dream cars, neither of which can be quantified. However, if I am going to spend at least a year of my life building, I don't want to end up regretting it on completion.
If you are not looking at it as a financial decision what kind of regrets do you suppose you might have upon completion?
Going at it with a good, well known and rehabbed Fox donor is a great way to do the project on a budget. Lots of guys fall into the "It has to be all new", "It has to be upgraded", "It costs more so it has to be better" trap. That's all fine if that is what they want but it is not the only way. I've built &/or painted FFRs for customers who were banging on the door to 6 figures and done others that were sub 30K. The guys on the low end are having just as much fun and enjoying their cars as much, sometimes more, than the guys on the high end! I don't think you'll be experiencing any regrets in the end and if you build and shop wisely you can hit your targeted budget :) One comment regarding that---John's build cost list is comprehensive but it is nearly 20 years old so expect some upward price changes on many items, but on the flip side there are now more choices for better components than there were back in the Mk1 days when John built his car.Some of those can save both time and money!
Good luck!
Jeff
EDIT:
You added your second reply #8 after I began composing mine. You brought up "level of disparity between cost and eventual selling price" which doesn't seem to mesh with your earlier statement of "not trying to make money on the project". You need to be honest with yourself which of these two statements are where you're really at. Fact is that in todays market a well done donor build that cost a little under 30 will sell for pretty much exactly that. With few exceptions and special circumstances a 70K build will not recoup the build cost. Not something that a lot of guys want to hear but how I've seen it go for nearly 2 decades...
And don't forget that if you decide to build and at some point in the future you need help / get frustrated / run out of time or motivation - there are talented people who can come help you out. (Shout out to Mark Dougherty AKA the traveling builder)
It was amazing watching him work. I spent more time reading the instructions and finding the parts than he took to install them!
Greg Hevron
phileas_fogg
01-03-2019, 10:13 AM
I'm surprised nobody has suggested the Build School yet. Attending Build School with your son will give you both an idea of how much effort it takes to build one of these cars. The school does a base-line build, so any modifications you do just add to that base. Build School is a blast!
After Build School, you may determine that buying a car is best for you and your son. But you'll still have tasted what it takes to build a car.
John
snowdave
01-03-2019, 10:41 AM
Still great insight. As to cost, my goal is to simply not lose my shirt on the build. Breaking even or losing a few grand on the sale is fine.
I looked into the build school and the minimum age is 12, which my boy will turn in May. It is just the other side of Lake Michigan, so we are definitely considering it.
GoDadGo
01-03-2019, 10:59 AM
Check out Edwardb's Build Threads and the Factory Five assembly videos in the meantime.
Also, consider ordering the assembly manual and read that sucker a couple of times.
You'll make a more informed decision the more information you take in.
Good Luck From The Dark-Dart Side!
Gumball
01-03-2019, 11:03 AM
Snowdave -
There are lots of guys out there who want (or think they want) to own and drive a Cobra replica, and the market is filled with cars at every price-point and quality.... from budget build FFRs to Kirkham and Shelby continuation cars. Often, those guys dip their toe in the water, drive it a bit for a summer or two, and then move on to a Corvette or something more civilized. I'm sure that's an over-generalization and that some who buy their cars already built go on to long-term love affairs, but I'd bet that's the minority of those who bought a completed car.
On the other hand, builders also fall into two camps - those who love the process and build, then sell, more than one car and others who labor for years (or some fortunate and skilled souls who build in just months) and then afterward revel in the enjoyment on the road... continuing to build memories.
Superformance owners will often talk about how their car is "factory built" and that it's a consistent quality.... no "backyard builds" for them. For some, that's a great way to go, but for someone who wants to build and have the pride of putting their own stamp on the car, a carefully built FFR can far exceed the quality of many of the "factory built" cars. While I'm sure the Superformance guy has pride in his car, as does the person who bought a nice finished FFR, there is really no comparison to having put your hands on every single nut, bolt, and component of your car.
Ultimately, only you can decide what type of potential Cobra owner you really are..... and whether a Cobra is really the car for you. Best of luck in your choice and let us know if there's anything we can do to help.
P.S. Noticed you mentioned that the build school is just across the lake, so I'm guessing you're in WI or IL. Lots of builders from those states here, including me (about an hour west of Chicago) who would be happy to let you see their cars - either finished or in some stage of construction. PM me if you're interested.
edwardb
01-03-2019, 12:16 PM
Lots of great responses that I can't add much to. But based on what you've said, your comments about being concerned that in the end it won't be worth what you put into it (labor being free of course) then I personally would probably recommend against building. And there's no getting around these things are a lot of work and require a significant investment of your time. Not just money. If you're really not committed to the build, it might not be for you. Lots of stalled builds out there for that very reason. And those get sold for an even greater loss typically. Most of us that enjoy building (count me as one) see that as one of the major points and frankly kind of feel disappointed when it's done. Yes, they're a blast to own and drive. But getting there is a blast too. If that isn't you, maybe you should consider shopping for one that's already built. But having said that, and I'll be careful here, not all builds are created equal. Some are simply stunning, others are OK, others I wouldn't feel safe driving in. The engine, options, color, condition, etc. are factors when shopping for one that's already built. But so is build quality.
DadofThree
01-03-2019, 12:59 PM
First, the comment regarding doubling time & money for the build. With my guesstimates at 1 year and $20-30k, doubling it puts me at 2 years and $40-60k. Sadly, this level of disparity between cost and eventual selling price pushes me heavily into the buy camp.
But this is a very valid point that was made: I told my wife it would take 2 years to build, because I wanted to add a 6-8 month buffer to the 1.5year that I thought it would take me. It took me longer than my max estimated at 2 years 8 months to get it on the road safely, how I wanted it, and legally. And it's still not painted. AND, with my donor engine (which I spent money and time to rebuild), transmission, rear end; I'm more than $10,000 over my very conservative budget. (again, before paint)
But the car fits me like I want it, and I LOVE driving it with just the right features that I wanted. :)
Jacob McCrea
01-03-2019, 01:33 PM
"I love to build things and this would be a great project with my son resulting in one of my dream cars …" This tells me all I need to know to suggest building. That you have a good tool collection and experience maintaining racing motorcycles, as stated in your earlier post linked above, makes it even easier to suggest building.
For what it's worth: As I embark on my 8th year of building, I occasionally wonder whether a used Porsche 911 or the like would've been wiser, especially now, with a good marriage, multiple other hobbies and a career/small business demanding a lot of my time. But ultimately, I have never regretted a dollar or a minute spent on the project, and this is (among other reasons) why: despite 20 years of maintaining my own motorcycles, bikes, cars, etc., the education has been tremendous - especially with the electrical, suspension and fluid systems, which I never had a real reason to dig into before.
My sense is that many regret these projects when they don't fully appreciate how much time is required, or don't appreciate how much it costs to get from having the kit in your garage to a completed car rolling down the road, or don't appreciate the limits of their own skills, patience, time, etc. A very candid and sobering account of these troubles can be found by Google-searching for "fail, fail, fail, Type 65." With great honesty, the author addresses a different topic - getting in over his head in terms of the skills and time involved in building - but it is still good reading for anyone with multiple obligations competing for his or her time.
Good luck and let us know what you do!
Arrowhead
01-03-2019, 01:43 PM
The problem I have with something already built is there are always things that I don't like and end up spending more money and time redoing someone else's work. Heck, even when I built it I'm not happy and spend more time and money changing it. :rolleyes:
RRussellTx
01-03-2019, 02:07 PM
I went with all new parts for my build and it helps me to think about the price of a new car in the range of the project budget.
Let's say instead of my kit, I bought a new base Corvette at $55k, that car may be worth $35-$40k today and still headed down in value.
Two bad financial decisions does not make them right, but it helps me to rationalize the fun I've had with the build and the enjoyment of driving it.
FlyingCobra
01-03-2019, 03:06 PM
The first question is, do you want the experience of building or not? If the answer is no, then buy one. You'll be driving immediately rather than waiting a year or more. If the answer is yes, then build. If you're on the fence, then give it some more thought. Building is not for the faint of heart. It will take over your garage or work space (or at least a portion thereof) for a while. However, you will learn a great deal and it's a fun experience. I was a Jaguar mechanic in college and have done almost all of my own wrench turning since on my ground based vehicles, and some on airplanes as well so while I've never built a car before I have enough of an idea of projects to understand the scope.
For me I decided that while I wanted to have a car like this, I wanted the building experience. My wife and kids were all interested in the build as well and specifically in a Cobra. I visited the FFR booth at EAA AirVenture in Oshkosh WI when I had to fly up there one day for work and sat in one. I was surprised at how well the ergonomics worked for me, and ordered a base kit a couple of days later. It arrived October 1st and I've been working on it as time allows. The goal from the beginning was for it to be a family project and that's part of what slows it down. My kids love clecos, although clecoing the panels goes beyond their attention span. They also love painting the aluminum panels, although their technique... leaves a bit to be desired. At the end of it, they'll all be able to say "Dad and I built that" and you can't put a price on that and the memories you make. I'll be able to drive them to school and pick them up (one at a time, obviously) and have fun with it.
How to go about it? It all depends on how much you want to spend. There are a lot of design decisions to be made and lots of ways to go about it. Personally I did the base kit and the donor car route. I've been keeping track of my spending and am still at under $20k including shipping from Stewart and a decent number of options from FFR. I'm tracking towards total cost in the $25-30k range and aiming for 400 HP. I've bought two donor cars (included in that under $20k number) and they're providing most of the parts I need thus far. I'm on the lookout for a third parts car that has some of the remaining parts. I'm buying some parts new that I want and going with some used, just looking at what makes sense for what I'm trying to build.
If you do build, do it the way you want and don't worry about overcomplicating things or "keeping up with" anyone else and their build (or expense). There are a lot of ways to skin the cat and a lot of ways to answer each design decision that comes up. Do the research to figure out what makes sense for what your goals and limitations are with the build and do it that way.
okcobra
01-03-2019, 03:20 PM
My wife and I purchased a completed Mk III several years ago. Car was very close mechanically to what I would build. 347 stroker, T5, 8.8 staight axle. We have a new car dealership and have worked on several FF roadsters for friends when they encountered technical problems. Remembering half completed model kits stopped me from building one. I knew the component costs of the kit, plus running gear and figured if the car could be bought anywhere close to that number it was a deal, not considering assembly time and painting. Since purchasing, we have changed the complete interior from tan to black including a new dash, leather seats, carpet and door panels. Also changed wheels to knock off hubs and Halibrand type 15" wheels from Vintage Wheels. Have probably invested another $5000.00 in the car but, it got it closer to our specs. And, we have been able to play with it for three years. I admire those that have the ability/patience to build from scratch and would be remiss in not giving all of you a shout out for a good job, but I know my limitations. Forget trying to make lots of $$$'s, the joy of ownership is the looks from everyone when you take these beasts down the road.
rich grsc
01-03-2019, 03:25 PM
Still great insight. As to cost, my goal is to simply not lose my shirt on the build. Breaking even or losing a few grand on the sale is fine.
I looked into the build school and the minimum age is 12, which my boy will turn in May. It is just the other side of Lake Michigan, so we are definitely considering it.
That says it all. Buy one already on the road, you will never break even. Do you even like driving a cobra?
BadAsp427
01-03-2019, 04:37 PM
I'll throw in my couple of pennies worth... I bought a second hand, NOT STARTED, Mk4. I bought it in Aug 18 and with the exception of paint and some minor final touches, it's ready to gel coat drive it now. So in about 4 months. BUT, I'm single and I chose to treat the build like a part time job... Ie. I worked on it for 4 hours per day weekdays and typically about 15-18 hours on the weekend. I made it my number one priority. ( I have no life ) Now I tell you this because at the time that I bought mine, I could have easily, and in fact looked at buying 3 / 4 others that were completed. I chose to build. I wanted to know that if I had a problem with something not working, I know how I wired it. I know how I fixed the trunk latch. I know how the 3rd brake lights are hooked up. I knew why I chose to put the emergency cut off switch in the passengers foot box... These are all decisions that I made to make the car mine. I also believe that I will not sell this vehicle any time soon. I'm not even considering how much the car with hold or increase or decrease in value. I do plan on showing my car at local and regional type car shows and doing other cruises and such so I'm doing everything I can to make it look top notch but at the same time, I'm not going overboard.
If I were to sell you my car right now, you would have no idea how I installed my cruise control or if I properly torqued my suspension parts... Did I put the right kind of oil in the rear diff? Things like that you just don't know if you buy a built one from another builder.
Ask yourself. Do you plan to keep the car after you get it for a very long time or do you think this is just a phase that your going to get tired of in a year and move onto the next fun toy? If if is, Just buy one, enjoy it and sell it..... If your planning to keep it long term, build it... work on it... make it your own... Kind of like a woman... You can date her, and get rid of her or your can date her, build a relationship, court her, marry her, and enjoy a long life with her...
FWIW, I'm in about $44k... This is current and doesn't include what I'll pay on paint and body as I'm going to have that professionally done. This includes Kit, Tires, Engine/trans and a lot of stainless steel hardware upgrades along the way.
Just this past weekend I found myself walking around and around my Mk4... Saying to myself.. I like what " I " did there. "what can I do next to make it better, cooler, more fun?" I seriously just stop and stare at it... I promise you, if you don't build it yourself, you won't have that personally feeling.
FFRWRX
01-03-2019, 05:24 PM
Breaking even or losing a few grand on the sale is fine.
You will be very, very, lucky to pull that off. People build them because they want to build them. If you just want to own one to drive and maybe tinker with, buy a finished one. As you've already seen, most of them for sale have a lot more into them than the selling price reflects. Just the way this expensive hobby is. The first one I built I made a few bucks on (not counting my labor and this was back in the early days when the market wasn't flooded with them). The second one I lost money on but I expected that, so that was part of the cost of the fun of building it.
snowdave
01-03-2019, 06:12 PM
I have not driven a FFR Roadster or Cobra yet, but am relatively confident I will love it. A local builder was nice enough to take me for a spin in his anniversary edition coyote powered roadster and it was everything I expected (though I was a bit surprised by the road noise of pebbles hitting the wheel wells). I have also been piling on the miles in the donor and since it is a convertible, I feel like I am getting at least part of the experience I expect with the kit. Finally, I am trying to line up a gawk/ride in a genuine Cobra, but realizing how precious it is, I don't want to be pushy.
I do admit to being a bit jaded as I have owned my dream motorcycle for over 10 years now, a Ducati 996. No matter how awesome the roadster may be, I never expect it to match the Ducati. If it weren't for a recent broken back, I would likely still be shopping for the next 5 motorcycle projects.
In addition to the Ducati, the Cobra, an original Ford F1 and a Norton Commando round out my bucket list of vehicles. I presume I will have a the Cobra for a few years and then sell it to fund the F1, but that is completely subject to change if I love it even a tenth as much as I have the Ducati.
GoDadGo
01-03-2019, 07:13 PM
Snowdave,
Every time I go out to put a few more test miles on my car I simply cannot wipe the grin off of my face when I return.
When you drive a quality build Factory Five, you will either love it or hate it.
There Will Be No Middle Ground!
Steve
Jim1855
01-03-2019, 07:52 PM
Snowdave
Just a bit on my experiences. Two Superformance cars, both now gone for a variety of reasons, mostly things out of my control. I'd still have the first if it didn't get crashed, not my fault. Mods were not always fun. On this pass I decided to build from scratch and then change most of what I got. My plans, my design, no rules.
If you are thinking that a purchased car would be modified to your preferences go for it but the path of a new build based on your design may be easier. This is kinda like a big remodel on a house as opposed to just doing what you want the first time.
As others have indicated building a Cobra for financial gains may lead to a level of disappointment. Do it for the Cheshire Cat grins, makes it all worthwhile. Enjoy your decision, hope your son enjoys the experience.
Jim
Itchief
01-03-2019, 09:45 PM
Snowdave
I retired a couple of years ago and the roadster was my retirement project I thought it would take me a year or so to get it put together and on the road, started the build in November and six months later I was cruising in gelcoat.
Completing the car has been one of my best accomplishments but if you love driving the car as others have said I don’t think that you ever stop trying to make the car better.
Very few vehicles end up being a good financial decision I have lost money on every car I have owned and I fully expect the roadster to be the same.
But every time I get out one the road and put the hammer down on a curvey two lane road I get a smile on my face you couldn’t wash off with Ajax.
My recommendation would be to build
Good luck
Rick
MPTech
01-03-2019, 11:11 PM
I never heard a guy that bought his car say "OMG! The first time I started the engine, I was absolutely THRILLED!!"
There is nothing like that First Start! Second best is the first Go-Kart drive!
I have never regretted building mine and it is an amazing sense of accomplishment.
People are in Awe when I tell them I built it myself!
I wish I had started it earlier, before my son graduated from college and moved away (he wishes I did too!)
At the age of 29, last summer, I taught him to drive a stick in it and the next day he drove it 50 miles on a cruise with our club. He asks if we can go for a cruise every time he comes home now (knowing I'll let him drive it again).
Speaking of that, I also recommend finding and joining a local Cobra Club. Our club is great! My wife really enjoys the members and their wives and we've traveled to Arkansas and South Dakota with them, cruising the Ozarks and Black Hills.
My build was the base kit, I have a couple select "donor" items, but some parts I would HIGHLY recommend buying new: fuel tank & pump, radiator, PS rack & pump, wiring harness, brake master cylinder & booster, gauges. I also had the transmission gone through and the rear-end (IRS) built with all new gears & bearings. These are items you don't want replace on your finished build (these are 25 year old parts!)
My build took 2 years, from delivery to licensing (would have been 1.5 years if I didn't have to travel to the Philippines 6 months for business (Grrrrr).
Also, the more mods and diversion from the build manual, the more your budget & timeline will increase!
Every time I walk in the garage, I'm glad I built it!
Great Experience, Great Car, and Great People here that are more than willing to help with any issue.
slpro1207
01-03-2019, 11:55 PM
I’m finishing up my 3rd roadster. 2 complete kits and 1 donor kit I picked up that was a under construction. All done in a 2 year period. I have a lot of time on my hands. In my case, I could have finished sooner but there was a lot of wait time. Waiting for parts, engine, paint and body fitting. All takes time. I love the build and am hoping to start another this year. But when you stand back and look at what you have created, or you get a lot of thumbs up while driving. There is no better feeling.
Financial speaking in 2007 I bought a new corvette. Got rid of it 2 years later for a decent price but still lost $7000.00. I see no difference with the roadster except no one ever ran up to me and said “Wow. Is that a Corvette?”
Build the car, you’ll never regret it.
Scott
I have been looking at/wanting an FFR Roadster since the MKII. I have ordered the info VHS and DVD as well as the build manual 2 or 3 times. I was intrigued with using a Mustang for the build. I’ve lost count of the number of build sites that I have read and reread over the years as well as saving info from many of them. I even bought a donor car about the time we had our daughter. I played with that car for a little bit, but then sold it as adding a child to the mix gave me even less time to try to start something. Then as she grew, I thought about buying a built car and making changes to it to make it more of what I thought I wanted. But it seemed that life continued to get in the way, if I thought I might have time, the funds were needed elsewhere, or we had the funds but no time. Now here I am 16-18 years after I first started this journey with a kid off at college, the funds are there, but still not sure I have the time. So, a couple of months ago we happened to be in Phoenix on our way to CA for a few days and I was able to stop by and talk to Gordon Levy. He is now building me a car for late spring early summer delivery. I still have a 61 Ford PU, a 65 Mustang and a 66 Mustang that I am working on, so I have plenty of “wrenching” to keep me busy. This is in addition to the wife thinking that a 33 would be really cool to have as well, so I may get to “build” an FFR yet. So, do what you feel comfortable with. Don’t let anyone tell you that you must do it a certain way. In the end it’s all about having fun.
ronsdream
01-04-2019, 06:50 AM
I started mine last March and had it licensed in late August. I was fortunate to have a member (Stack) right around the corner who helped me through the entire build. Drove it in gelcoat for 6 weeks and had a blast putting 700 miles on the car. I bought all new parts and put in a coyote gen2 with electronic ignition. Currently the body is at Whitby's in Greensboro NC for paint. I don't regret any part of the journey. I've wanted to do this for 40+ years and never had the time or money until now.
BTW I attended the build school prior to deciding to build and that did it for me. BUILD is the way to go. There is so much enjoyment in the JOURNEY that you will never get if you BUY.
My 2 cents.
CraigS
01-04-2019, 07:41 AM
I bought a very basic build 11 yrs ago. I was working at the time and figured I wouldn't have the patience to build trying to do a few hours here and there. I got to drive and enjoy immediately. I do much better doing upgrades one at a time than a 2 yr project. Fortunately I have the skill and tools to upgrade from 4 link to 3 link to 2015 IRS. The only part that hasn't been out of the car is the TKO500 trans. Engine was a 351 and is now a 408. I have no idea what I have spent on this car but it is a lot. I do what I can afford at the time and every upgrade is thought out to get most bang for the $. But I never keep track of $ spent. If you think about buying get the basics that you want. If I were you I would look for a MkIV(for the best body shape), 2015 IRS, FFR front spindles(best front suspension design), 351W based engine and a TKO, acceptable paint color.
snowdave
01-04-2019, 08:50 AM
Thanks again for everyone's experience. I too have been thinking about this a very long time. I had Cobra models on my shelf 30 years ago. My high school friend built a FFR roadster using parts from my wrecked GT (though very few when he got done upgrading). His brother went on to be the head of R&D at FFR. It's always been a little bittersweet since I was the one thinking of Cobras. Now is a good time financially and time-wise to do this. The kids are 11 & 16 and will be leaving soon enough and we have the money and I have the time.
As to setup; budget, practicality and the donor deal I found are driving the config I expect to end up with. It's just a 302, but the H/C/I bolt-ons combined with 3.73 gears make it pretty quick. I am spending the time now to tune using a wideband and quarterhorse to squeeze the last few ponies out of the existing config. I had a deal on a supercharger that would land me right where I want for HP, but it fell through so I am still looking. The T5 needs new synchros, but that should be easy enough when I have it out. I am planning on sticking with the live axle and doing my best to avoid the 3-link upgrade. This car will just be a driftless area backroad cruiser, so I don't need any fancy race or suspension setup. I do want to run black FR500 wheels and 13" Cobra brakes all around. Then it will be finished in blue with white stripes.
In spite of all that, I continue to be on the fence. I currently see (3) completed roadsters near me for sale around $30k. I would gladly change my vision for the right deal, except for the paint. I can only envision red or blue with stripes, nothing else will do for me.
Race Ratz
01-04-2019, 08:52 AM
I’ve been interested in these cars for over a decade. I live local to factory five and attended all the open houses for many years dreaming. A year and a half ago I was going to order the complete MKIV kit and have it built by RE. My job had me consumed five days a week with no time to think about building. I was at their last open house walking around getting ideas and taking pictures of all the cool cars, yes, I have pics of edwardb’s car, ready to take advantage of the summer sale. I had a couple of pics of cars for sale and decided to text the owner on one of them, also built by RE. My wife and I made arrangements to see the car, I knew the car and it’s credentials, had to show my wife. The car was local to me, as soon as the garage door opened, my wife was sold. Pulled the car out in the sun, WOW! We purchased the car and was driving it a week later. Even though I missed the build, my dream came true. I am now retired, have plenty of time to enjoy it, cruzing, car shows, etc. The car is a pro build with every option, has some FFR history, check it out on their webpage roadster gallery, customer, RE. Now to convince the wife on the truck build!
Living a dream, thanks FFR.
DavidW
01-04-2019, 09:20 AM
Build one, the reward is the process. Anyone can go buy something.....still rewarding but not the same.
edwardb
01-04-2019, 10:04 AM
Thanks again for everyone's experience. I too have been thinking about this a very long time. I had Cobra models on my shelf 30 years ago. My high school friend built a FFR roadster using parts from my wrecked GT (though very few when he got done upgrading). His brother went on to be the head of R&D at FFR. It's always been a little bittersweet since I was the one thinking of Cobras. Now is a good time financially and time-wise to do this. The kids are 11 & 16 and will be leaving soon enough and we have the money and I have the time.
As to setup; budget, practicality and the donor deal I found are driving the config I expect to end up with. It's just a 302, but the H/C/I bolt-ons combined with 3.73 gears make it pretty quick. I am spending the time now to tune using a wideband and quarterhorse to squeeze the last few ponies out of the existing config. I had a deal on a supercharger that would land me right where I want for HP, but it fell through so I am still looking. The T5 needs new synchros, but that should be easy enough when I have it out. I am planning on sticking with the live axle and doing my best to avoid the 3-link upgrade. This car will just be a driftless area backroad cruiser, so I don't need any fancy race or suspension setup. I do want to run black FR500 wheels and 13" Cobra brakes all around. Then it will be finished in blue with white stripes.
In spite of all that, I continue to be on the fence. I currently see (3) completed roadsters near me for sale around $30k. I would gladly change my vision for the right deal, except for the paint. I can only envision red or blue with stripes, nothing else will do for me.
Couple comments about this post: (1) A T5 with a 302, stock or mildly upgraded, is up to the task. Add a supercharger and you're probably beyond the power it can handle. Having said that, you talk about it being a street cruiser. It's very quick even without power adders. You might want to rethink the supercharger or the transmission. Maybe not the best combination. (2) "Sticking to live axle and avoid the 3-link upgrade." That suggests 4-link which has it's place for some, but honestly nearly everyone would recommend 3-link for a solid axle. Rides better, handles better, the added cost is very minimal. I'd be willing to bet most already built cars you look at will either be 3-link or IRS.
Jeff Kleiner
01-04-2019, 10:24 AM
... (2) "Sticking to live axle and avoid the 3-link upgrade." That suggests 4-link which has it's place for some, but honestly nearly everyone would recommend 3-link for a solid axle. Rides better, handles better, the added cost is very minimal. I'd be willing to bet most already built cars you look at will either be 3-link or IRS.
Yes! Don't be penny wise and pound foolish. If you actually decide to build the car take the money you don't need to spend (at least not now) on that supercharger and use it to put a proper rear suspension under it right from the beginning by opting for the 3 link.
Jeff
dallas_
01-04-2019, 11:42 AM
In spite of all that, I continue to be on the fence.
Based on that comment I would say, buy a completed car.
If you ever get to the point that you say "I just HAVE to build one of these", then you can sell it to fund your project.
Echo what Paul said about the incompatibility of power adders with a T-5. You would want to invest in a TKO600 if you're thinking of adding a blower. Those two additions will likely cost more than your donor did. But you're posts seem to lean far to the budget side so your tinkering with adding HP to the little 302 would seem mutually exclusive -- cheap horsepower is an oxymoron. If you want more power start with a bigger engine. Nothing beats cubic inches except cubic money.
Also sounds like the build or buy debate is moot since you've already invested $$, time, and emotional capital in a donor car. I suspect you're on your way to building a car and won't look back. Just think it through or scope creep will eat into whatever budget you have set for this build.
John Dol
01-04-2019, 12:46 PM
I don't think I've seen the reply of picking up a started project in the classifieds section.
That will usually save you some money and some (none like with mine) of the work is already on the way. As mentioned most will go with the 3 link or IRS so that may already be part of the package.
The more work you do, the cheaper it gets. I shy away from painting the car but some have done that successfully saving big bucks. Figure $5-$10K on a paint job depending where you go.
If you leave the engine as is and only fix the transmission your drive train costs are low
I also build from a donor to start and sold parts for more then I paid for the car keeping all the drive train components.
At the end of the day I fell prey to the money spenders here too, and the only donor parts are the engine which was complete tore down and rebuild with an Edelbrock top end kit, and the rear axle which was rebuild as well.
But those were choices I made, not have to's.
In the end spending time here can be very dangerous.....
I think you can build a roadster for less then $35K and building it is like nothing else. But you have to be honest about how much time you can allocate to this. Between my full time job, two kids, sports, family time and general life things time can be a fleeting commodity. Also your general skill set will determine the speed at which you can complete things.
HTH,
John
Race Ratz
01-04-2019, 12:58 PM
I’ve been interested in these cars for over a decade. I live local to factory five and attended all the open houses for many years dreaming. A year and a half ago I was going to order the complete MKIV kit and have it built by RE. My job had me consumed five days a week with no time to think about building. I was at their last open house walking around getting ideas and taking pictures of all the cool cars, yes, I have pics of edwardb’s car, ready to take advantage of the summer sale. I had a couple of pics of cars for sale and decided to text the owner on one of them, also built by RE. My wife and I made arrangements to see the car, I knew the car and it’s credentials, had to show my wife. The car was local to me, as soon as the garage door opened, my wife was sold. Pulled the car out in the sun, WOW! We purchased the car and was driving it a week later. Even though I missed the build, my dream came true. I am now retired, have plenty of time to enjoy it, cruzing, car shows, etc. The car is a pro build with every option, has some FFR history, check it out on their webpage roadster gallery, customer, RE. Now to convince the wife on the truck build!
Living a dream, thanks FFR.
And the car was state inspected, titled, and MA emissions exempt already. Thats huge!
A pre built market for these cars helps guys sell, and build multiple cars as seen on this forum. Some people can’t build these cars, it allows them to drive a FFR car also. Not everone has the budget to go buy a prebuilt SF or BDR car. The FFR car is well designed, fun, affordable, and when you are driving anyone of them, same thumbs up, and all don’t know if it’s the real thing. #1 question asked.....
I have free time now, maybe I’ll give back, pay forward and help someone with their build to gain the experience I missed.
snowdave
01-04-2019, 01:25 PM
....you're posts seem to lean far to the budget side....oxymoron....debate is moot since you've already invested $$, time, and emotional capital in a donor car.
You clearly get me :-) I take great pride in being cheap and there are times it definitely bites me or I simply must fork over some money with great pain.
The funny part about the donor is we are enjoying it as a family right now and I expect my daughter will be driving it before she leaves for college. However, it was a good enough deal that I could still turn around and make a few bucks selling it if I choose to go another way. The harder part may be reclaiming it when she leaves. That has been the idea from the initial purchase, but I am a push over for my kids.
Mark Eaton
01-04-2019, 07:37 PM
Snowdave,
I LOVE building my MK4! I could have purchased a fancy sports car and I'm so glad I didn't. My time in the shop with the car is like going to Never Never Land and hanging out with Peter Pan and the Lost Boys. Frustrating? Not at all, I usually have to redo everything several times to get it right but I'm ok with that. When I started my boys were 11 and 13, now almost 13 and 15 and basically have lost most of their interest for the build. I get it, they say I spend all my time staring at the car then the manual and then build threads. And they are correct. But they still come in from time to time and those are special times.
One other thing, this car is going to ride rough, loud and windy and I know my wife will probably rarely ride with me. She and I are ok with that as well.
I will always have this car. I will always tinker with it, and it is awesome!
Mark
Before I finally pulled the trigger and ordered my kit, I was going back and forth with the same buy or build question. I was concerned about the cost and it was clear that I could have bought one for less than the cost to build. What tipped the scales for me was looking at cars for sale on-line and seeing things that made me question the quality. When you think about it, you are putting your safety into the hands of the builder that may or may not have done things right. That said, I had never done anything like this before and who's to say that my build would be any safer? But, I have confidence in my ability to tell if something is done right as I'm doing it and if nothing else, I know every inch of the car. My car is nearly complete and I'm torn between wanting to get it on the road and extending the build process. I have found the build process to be a complete pleasure. The best part is talking to co-workers that can't believe I'm actually building an entire car, and then the pride that comes from showing pictures of the process.
Back to the cost perspective. Once you lay down the cost for the major items, the rest just sort of happens over time and you don't feel the impact as much. I promise you if you buy one already done, you'll be spending money on it just like you would if you'd have built it. These cars are never "done". There is always something to tweak, replace, add that wasn't in the original budget. I am one of those that wanted a new car, and didn't even consider the donor car approach. I think you'll hear pros and cons for and against either approach, but the important thing is to do what you'll be happy with in the end.
I didn't buy into this to sell. I learned a long time ago that cars are generally very poor investments. Case in point, I bought a used Mercedes SL500 that was four years old. The MSRP on that car new was $103K and I bought it for $40K. Three years later I sold it for $25K. Don't be shocked that an investment of $50K+ to build one of these will only sell for $35K. At the point you go to sell it, it's just another used car to the person buying it. There are always exceptions, but they are rare.
Dave
caesarmascetti
01-04-2019, 09:09 PM
My two cents, for me it was easy I don't have the time or the mechanical aptitude for a build, I bought. I was fortunate to find a car for sale that had an extensive documented build on the other forum, the original owner built it and lost interest in it. It had everything I was looking for MkIV, PS, PB, heat and df, irs, 17" wheels wilwood brakes, 347 stroker, T5, everything was new except for the engine block. I paid $33,000 no way I could build it for that. The car was on a complete kit full bumpers dual roll bars so many extras I have no doubt he spent $50k on the build a quick pic is included:
https://i.imgur.com/9ETxRg3.jpg
bgeddes
01-05-2019, 01:11 AM
I've made the decision to build for a few reasons. First, it's a bucket list thing, there are less expensive cars to build but they are not at this level of quality and performance. Second, the car with the options I want is not for sale (well one was but I was too late (https://thefactoryfiveforum.com/showthread.php?28840-MKIV-Roadster-Coyote-CA-legal-Built-by-Frank-I-E-427). Third, as others have said, will you risk your life on the build skills of another person? Seems going over every inch would be the safest plan. Might as well build it. Already owning the tools, and with a grease monkey, low budget racer history, it seems like a fun, although intimidating, challenge.
Barrel
01-05-2019, 01:34 AM
Considering the number of replies you have generated this is clearly a very interesting question.
If you get the chance to drive a Factory Five product before buying one,( and then spend the next 3 years of your life building it), my advice is to take that opportunity
and then make your decision.
wallace18
01-05-2019, 10:36 AM
I decided to put in my 2 cents worth on this topic. I get about 50 calls a year for people to have me build a FFR kit or questions on building one. 95% do not realize the cost of building one and stop right there. I always tell them you can buy a built one for less than building one 99% of the time. The difference is in building one you get exactly what you want. Buying one is a compromise most of the time. I highly suggest to sit and drive one if possible before spending money. I love all the FFR kits but some are better for tall guys than others as well as large folks. IMO the building is such a great process, but I have been blessed with the skills and friends to help me. Do your homework before spending money you regret. If you enjoy the build part it is very rewarding, IMO. Best of luck in any way you go. :cool:
ChasNMe
01-06-2019, 06:18 AM
I also have thought long and hard about getting one of these roadsters. I'm leaning towards a mk4 complete kit with the 347 blueprint engine and 3-link. For me I'm wanting to do it for the experience and for the learning aspect of all the different systems of which I know about nothing. I change my oil, brakes, belts, rotate tires, etc. but have no experience with engines, tranny, suspension, wiring (in a car) or any of the dozens of other systems. it will be a bonus if my 16yo son peaks his head into the garage for a few hours to help or if my other grown(-ish, 26yo) wants to come help out. they seems to think it will be cool, and hopefully that translates to some quality father son(s) time.
My brother has had 3 kits (mk2, mk3, mk3) over the years and hasn't built the first one. He is a mustang freak. He currently has two mustangs and more than enough extra parts laying around to do a donor build. He is much more of a mechanic than I am and he has even painted a few cars in his downstairs 2 car garage (lives on a hill). He went the donor route (as far as buying the kit). I don't want to shell out 40-50k for a car with a bunch of dirty, used, old, soon to fail (or work perfectly, who knows) parts, so I will go the complete kit route.
We are going to the build school together in April and I think I will head over to F5 and take a tour and hopefully drive a roadster or two if somebody is kind enough to let me (or even just ride in). Hopefully the trip will spur him into building his and get my mind right on whether to get a kit or just buy a completed car. I feel like after the school and the tour and a drive or two, I will have a good idea of whether it is within my capabilities. Honestly though, with this forum, I think it automatically doubles anyone's abilities due to the shear volume of help, explanations, pictures, etc that is freely given.
Also for me, I recently found a guy local who is nearing completion of his and has offered his help/advice as necessary (good talk we had Carl, thanks for the time). I think there are several people/vendors that build these also, so you can get what you want, built by a professional, and not have to wait a year or two . . . .
edwardb
01-06-2019, 07:46 AM
We are going to the build school together in April and I think I will head over to F5 and take a tour and hopefully drive a roadster or two if somebody is kind enough to let me (or even just ride in). Hopefully the trip will spur him into building his and get my mind right on whether to get a kit or just buy a completed car. I feel like after the school and the tour and a drive or two, I will have a good idea of whether it is within my capabilities.
Just so you know, to level your expectation, you won't be driving any cars while touring Factory Five. It's not a like a new car dealer that allows demo drives. I've seen/heard of customers getting rides from Dave Smith, along with the smoky parking lot donuts, but don't know how typical that is. Especially this time of year. The build school doesn't allow any driving or riding either. Only a parking lot drive by the instructors. Your best bet is to hook up with local owners or visit one of the big events, like London, Texas, etc. Most owners are happy to give rides. Usually they don't allow anyone to drive. I don't. But you can learn a lot from the passenger seat. Just be aware there are differences in the characteristics of these builds based on engine, rear suspension, seats, build, etc. That's one of the really enjoyable aspect. You can make it exactly your own. Aside comment, my very first ride ever in a FF Roadster was when I drove my Mk3 build for the very first time. I wasn't sure what to expect, but needless to say I was impressed.
mike223
01-06-2019, 09:09 AM
Considering the number of replies you have generated this is clearly a very interesting question.
Here is another good one - similar - observations from FFR sellers: https://thefactoryfiveforum.com/showthread.php?26711-Some-thoughts-after-selling-a-few-FFR-cars
BadAsp427
01-06-2019, 09:22 AM
I also have thought long and hard about getting one of these roadsters. I'm leaning towards a mk4 complete kit with the 347 blueprint engine and 3-link. For me I'm wanting to do it for the experience and for the learning aspect of all the different systems of which I know about nothing. I change my oil, brakes, belts, rotate tires, etc. but have no experience with engines, tranny, suspension, wiring (in a car) or any of the dozens of other systems. it will be a bonus if my 16yo son peaks his head into the garage for a few hours to help or if my other grown(-ish, 26yo) wants to come help out. they seems to think it will be cool, and hopefully that translates to some quality father son(s) time.
My brother has had 3 kits (mk2, mk3, mk3) over the years and hasn't built the first one. He is a mustang freak. He currently has two mustangs and more than enough extra parts laying around to do a donor build. He is much more of a mechanic than I am and he has even painted a few cars in his downstairs 2 car garage (lives on a hill). He went the donor route (as far as buying the kit). I don't want to shell out 40-50k for a car with a bunch of dirty, used, old, soon to fail (or work perfectly, who knows) parts, so I will go the complete kit route.
We are going to the build school together in April and I think I will head over to F5 and take a tour and hopefully drive a roadster or two if somebody is kind enough to let me (or even just ride in). Hopefully the trip will spur him into building his and get my mind right on whether to get a kit or just buy a completed car. I feel like after the school and the tour and a drive or two, I will have a good idea of whether it is within my capabilities. Honestly though, with this forum, I think it automatically doubles anyone's abilities due to the shear volume of help, explanations, pictures, etc that is freely given.
Also for me, I recently found a guy local who is nearing completion of his and has offered his help/advice as necessary (good talk we had Carl, thanks for the time). I think there are several people/vendors that build these also, so you can get what you want, built by a professional, and not have to wait a year or two . . . .
It was very nice meeting you Jake. I hope that I was able to inspire you a bit when you visited. A ride in mine should be in the very near future if you wish... But as Paul (edwardb) said.... sorry i'm not going to let you drive mine... I have also refused a couple offers to ride as I wanted my first experience to be in my own. Oh, and FYI, I just met a guy named Sandy that lives about 2 miles from me that has a Mk3. I found him at a Cars and Coffee this weekend. This is a photo of his.
100259
Dewey McBride
01-06-2019, 02:13 PM
If you do buy a roadster, first thing I would suggest is to find someone close to you with a roadster and go for a ride. The cars are not for everyone. I bought mine last year and love it, but was very aware of the difficulties in owning/driving a roadster. The builder, is very active on the other forum and did not like the ride so much. Second thing i would suggest is, once you find the car, see if there's a build thread for the car. Find out who built it and do some research. Most of the cars look very nice, but the actual quality varies a lot.
I got lucky with my car because it wasn't for sale. I loved the car and read that the builder did not like to drive it much because it wasn't as comfortable as he liked. I reached out to him, and a month later convinced him to sell it to me. 3 months after that I drove it 1,000 miles home. From all his posts, I knew he was a very detailed person. Turns out he was a Engineer.
Good luck with your choice. Just make sure you do your research and don't jump into based on looks or pricing alone.
Dewey
ChasNMe
01-06-2019, 09:23 PM
Ill take you up on the ride when your ready Carl. I would never ask somebody to drive theirs but if they offer, then its a done deal. ride in one will tell me everything I need to know . . . . good to know there is another close by. text me about this cars and coffee and maybe ill show up sometime . . . Jake
edwardb, my brother has been to the factory five site a few times over the years and one time there was some sort of get together. he got a ride in 2 peoples cars. doubt there will be anything happening on a Tuesday which is the likely day I will be there but one could hope . . . I didn't expect any sort of tour ride, but I do plan on sitting in anything they have and taking a good look at the new 35 truck, I like that too . . .
snowdave
01-07-2019, 07:42 AM
I am considering going to look at this one if it is still for sale after I have my truck fixed.
https://detroit.craigslist.org/okl/cto/d/new-hudson-2006-factory-five-cobra-make/6775619631.html
My impression of most partially built kits is that you may save a few thousand, but frankly that is not worth the added risk. Perhaps seeing one in person would change my mind.
GoDadGo
01-07-2019, 08:44 AM
Dave,
There are some major improvements on the MK-4 chassis as well as the body which will make building an earlier car a tad higher in cost in my opinion. Also, the car you are looking at is a donor build and appears to be a little messy in the execution of the work I see under the hood.
I'd reach out to one of the Master Builders on this forum before you plop down your 20-K for a donor project car.
Just look at the difference starting from scratch can make compared to buying someone else's failed project:
My Dark Side Build As Of Yesterday:
https://youtu.be/wOID7yvBRPU
Two Guys Garage Build School Video:
https://youtu.be/PtcRqUxvOMA
Again, the Master Builders on this forum (Multiple Builds & Professional Builders Only / Not Me) know these cars back to front and top to bottom.
Finally, if I can get this far with a ton of life issues whacking me then you can do it too.
Steve
Jeff Kleiner
01-07-2019, 10:08 AM
There is nothing wrong with a Mk3 or an orphaned build if you can get it for the right price (somehow I have 3 of them in the shop right now!) but in my opinion the one in that craigslist ad is NOT at the right price. At 50-60% of that I'd give it some consideration (if it belongs to someone here I apologize if that offends you but that's my honest opinion). You don't know what you're getting into with any unfinished car until you start digging---a few years ago I got one delivered that had been purchased as an unfinished project. Looked pretty decent in photos and it arrived as a full roller with most of the aluminum installed but after a little looking it was clear that absolutely nothing could be trusted so it all got stripped to the bare chassis for a complete "do-over". Every nut, bolt, line and aluminum panel (which had all been installed dry) came off so it was basically like starting with a fresh kit.
Jeff
KDubU
01-07-2019, 10:17 AM
There is nothing wrong with a Mk3 if you can get it for the right price (somehow I have 3 of them in the shop right now!) but in my opinion the one in that craigslist ad is NOT at the right price. At 50% of that I'd give it some consideration (if it belongs to someone here I apologize if that offends you but that's my honest opinion). You don't know what you're getting into with any unfinished car until you start digging---a few years ago I got one delivered that had been purchased as an unfinished project. Looked pretty decent in photos and it arrived as a full roller with most of the aluminum installed but after a little looking it was clear that absolutely nothing could be trusted so it all got stripped to the bare chassis for a complete "do-over". Every nut, bolt, line and aluminum panel (which had all been installed dry) came off so it was basically like starting with a fresh kit.
Jeff
Jeff is spot on with this. Nothing against buying a build in progress but you would have to go over it in a lot of details beforehand to ensure things are done right. I actually reached out to this very seller and there are a few unknowns that make me say that likely this is a $10-12k purchase max.
Lucky's
01-07-2019, 02:07 PM
It basically comes down to your desired outcome, skill level, spare time and finances. Frustration can kill a do it yourself project real quick if you don't have the spare time, money and above all patience. There will be many small obstacles arise, new things to learn etc.
Best of luck on your endeavors
Lucky
FstCobra
01-09-2019, 07:20 PM
Wanted to build but due to moving and unavailable space to do so bought a completed MK2 that was 12 years old and needed upgrading. So, got to re-engine, redesign cooling system, fuel system and upgrade ignition system while still being able to use the car in between work in progress. Learned so much and have a killer roadster that I can be proud to say I have updated. The car is now 17 years new and still a head and tire turner. The best part was being able to take the poorly restroked 408 (351 small block Windsor from a 69 TBird) and upgrade to a true 427 Ford racing aluminum engine. The power and dependability is extraordinary. Good luck. I have found restoring a roadster as challenging after buying.
CFranks
01-10-2019, 08:12 AM
I bought a partially completed MK4 and have been very happy with my decision. My decision was less of a money decision and more about available time. I’ve found some things to fix and upgrade while completing the car so still getting the build experience and learning the car, but saved significantly on the cost and actually will have a shot of getting it finished. Given I’m fairly new, I brought a mechanic friend of mine with me to evaluate the car which gave me some confidence. If possible, I would recommend tracking down one of the resident ffr experts on these forums to take a look with you vs. a general Car guy.
Jstanding
01-10-2019, 11:13 AM
Your answer might lie one post above yours. Someone is looking to sell what sounds to be a half done car. Purchase at right price and complete to your liking
Mark Reynolds
01-10-2019, 07:47 PM
How about a completed Miata for a project car?
John Dol
01-12-2019, 09:34 AM
https://thefactoryfiveforum.com/showthread.php?30961-2014-MK-4-SB-100-Ca-Car-Still-in-red-gelcoat
This would be a good start!
John