Restoring old cars - is it cost effective?
Renovation of old cars is a very profitable venture, especially when really we gain experience in this matter, and cars leaving our workshop turned into real gems automotive industry. While many people engaged in this activity are people who have no training in this area, it does not mean, however, that renewed their cars are worth nothing. Not only that - very often replace an old car in a modern and luxurious car turns out to be really gold investment. No wonder that the number of people interested in restoration of stylish and often very old cars is expanding from year to year.
Why restored old cars attract the eye?
More and more people are interested in really ancient models of cars. There is no shortage connoisseurs of such cars among the real car fans, but also a person not associated in any way with passion about cars or other vehicles also willing to peek at these cars. The car after renovation will attract the eyes of everyone in the vicinity. There is no doubt that this is a very good way to stand out in the environment around us. Although often these cars are very expensive and driving them is quite uneconomical, you can also treat it as an investment. It is true that we have obtained through this investment a quick profit, but in the long term we really expect lots of money - if not for us, if only for our children and grandchildren.
Cars - Costs and benefits
The costs of car usage, which may include the cost of: acquiring the vehicle, repairs and auto maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance,5 are weighed against the cost of the alternatives, and the value of the benefits ? perceived and real ? of vehicle usage. The benefits may include on-demand transportation, mobility, independence and convenience.7 During the 1920s, cars had another benefit: "couples finally had a way to head off on unchaperoned dates, plus they had a private space to snuggle up close at the end of the night."48
Similarly the costs to society of encompassing car use, which may include those of: maintaining roads, land use, air pollution, road congestion, public health, health care, and of disposing of the vehicle at the end of its life, can be balanced against the value of the benefits to society that car use generates. The societal benefits may include: economy benefits, such as job and wealth creation, of car production and maintenance, transportation provision, society wellbeing derived from leisure and travel opportunities, and revenue generation from the tax opportunities. The ability for humans to move flexibly from place to place has far-reaching implications for the nature of societies.8