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Technology Stocks : Automobile technology and business management
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From: Arthur Tang8/2/2012 8:48:26 AM
of 44
 
Since 1993, cars use aluminum engines. Driver's level of restoration is changing antifreeze sooner than every 5 years, to keep gaskets in good working order.

On street level restoration, plastic bumpers made life easier. Street level restoration is basically rental car condition some nick and dents allowed but mechanically perfect including doors and windows. this is quite costly to restore, a lot of labor rate at $110.00/hr. Then there are computer inspection and adjustments on failed parts.

Show and concours levels of restoration involved taking the car apart and rebuilt every part to original condition. This is very time consuming and very expensive to follow a standard of excellence.

So, to do street level restoration and use the latest computer adjustments, you need a dealer to go along with the restoration, to make sure the car will work fro another 70,000 miles.

For cheap transportation, you have to buy cars 10-12 years old. In good working order. Change fluids so car can work like new. satisfy driver's level of restoration. Then fix the doors and windows. And you are in street level restoration. You also need to change battery, tires and brake pads.

Have fun. and a car that can run another 70,000 miles service free.
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