[Healeys] Hello

[James Frey]

The costs you cite below are inexorably linked to the “What to Do with our Healeys” question that was also raised.  Over the last several years, I have restored/built 3 cars with most of the work done by a local shop (one of which was a Bugeye).  I needed to have most work performed by my shop.  Although my skills are moderate and I enjoy turning wrenches, my time available to do so has lessened in recent years.  

Given the above circumstances, I have easily spent 2-3 times market value on the purchase price, work performed, parts, etc.  I consider myself lucky to have a trusted local shop, but depending on where you live (even assuming you are willing to spend the money), it can be extraordinarily difficult to get the cars serviced, let alone have significant restoration work done.  I also don’t see the value of most Healeys going up much, and it might go down given the (arguably) shrinking market/demographics for these cars.  

So given my recent experience, as much as I might love to own a BJ8 and would consider myself “a trusted steward”, paying significant dollars (even for a beautifully restored car) in a declining market might not be the best idea.  As for a car that “needs work”, I’m starting to feel like I’ve been there and done that a little too often.  Also, there are fun (more modern) cars out there for similar dollars that don’t present the same financial risk and difficulties in selling.  

Lastly, I’m 61 (so not “young”) and I think those that are younger than me are an even tougher sell.  I have 2 adult sons that have a moderate interest in cars and the “old cars” they might have an interest in are probably from 2000-2010.  

The market is undeniably softer than previously, but I actually think current values are a sellers market, even in the US.  With the potential for declining demand, it’s hard for me to see an improving Healey market over the next 10+ years.  

Jim



> On Feb 16, 2025, at 2:16 PM, Michael Salter <michaelsalter at gmail.com> wrote:
> 
> Very good question. 
> All the work that you describe requires an individual with significant skill(s). These tasks are not something that your "run of the mill" parts changer can undertake.  In our part of the world (Canada) those "parts changers", without breaking a sweat can easily pull in 6 figures which equates to $50/hr. $50/hr paid to the tradesman will typically be charged out at an hourly rate of at least $100.
> In my book a full restoration takes 1200 hours at least, usually a lot more to produce concours standards.
> So labour ONLY $120K.
> Parts and materials usually at least 50% of labour. $60K.
> Incidentals at least another $20K
> It's getting up there 😳😳
> 
> M
> 
> 
> On Sun., Feb. 16, 2025, 1:40 p.m. warthodson--- via Healeys, <healeys at autox.team.net <mailto:healeys at autox.team.net>> wrote:
>> The list has been very quiet for a long time.
>> How about a discussion about the cost of restoring a BN1? 
>> The metal work is About 90% done. The remaining work includes final fitting all body panels, preparing for paint & final painting.
>> Wiring, plumbing including rebuilding the brakes, interior, fitting the windscreen, convertible top, side curtains including providing all material where necessary. 
>> Rebuild the engine including all the machining. I have all the necessary components.
>> 
>> Gary Hodson
>> 
>>  
>> 
>> On Sunday, February 16, 2025 at 10:46:32 AM CST, Mike Sinclair via Healeys <healeys at autox.team.net <mailto:healeys at autox.team.net>> wrote:
>> 
>> 
>> Is it me, or is the list quiet?  I haven't seen anything for quite a while?
>> 
>> Mik
>> 
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