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Hot Rods where's the money?

Discussion in 'The Hokey Ass Message Board' started by rusty1, Jan 25, 2022.

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  1. this car came up for sale on Craigslist, said it was built by Brizio at a cost of one quarter of a million, do these guys really get that kind of $ for their builds? DSCN8074.JPG
     
  2. Not from me they dont !!!
     
  3. 57JoeFoMoPar
    Joined: Sep 14, 2004
    Posts: 5,282

    57JoeFoMoPar
    Member

    Why wouldn't they? I can think of shops around here that would get that or more.

    Let's do some simple math;

    Total build price is $250,000.00. Typical high end shop rate is probably around $125-$150 per hour, but since this is Brizio, a noted and award-winning shop, I'd estimate shop rate is closer to the high end of that. 250,000 / 150 = 1,667 billable hours of shop time, or about 41 weeks of work, and that's not accounting for literally any parts. I'm sure there was no expense spared in terms of parts, so the idea that there are $50-75K in parts alone.

    Point being, it's not hard at all to rack up a quarter of a million dollar bill for a high-end custom hot rod from a top shop.
     
    Last edited: Jan 25, 2022
  4. Clydesdale
    Joined: Jun 22, 2021
    Posts: 34

    Clydesdale

    By charging top rate for every minute spent thinking/talking/working on/storing it, mark up on catalog parts?
     
    210superair likes this.

  5. I don’t know what Brizio charges but he builds some snazzy rides .


    I know Boyd coddington cars started at $125,000 when he was in business .

    I suppose if you want a cool car with bragging right to who built it your paying for it .
     
  6. squirrel
    Joined: Sep 23, 2004
    Posts: 50,927

    squirrel
    Member

    I bet a lot of us are driving cars that would cost that much to get built, if we were charged for every hour at top rate.
     
  7. the-rodster
    Joined: Jul 2, 2003
    Posts: 6,878

    the-rodster
    Member

    And it's a glass car to boot?
     
    hotrodA, dana barlow, reagen and 2 others like this.
  8. This is why so many hot rodders build their own cars. I don't see how any middle class American could afford to pay someone to build them a car.
     
  9. TrailerTrashToo
    Joined: Jun 20, 2018
    Posts: 1,143

    TrailerTrashToo
    ALLIANCE MEMBER

    I spent at least $67,890.00 billable hours, laying under my custom, attempting to get the exhaust pipe to go over the axle :eek:.

    Brought it to a local muffler shop. "Start here - go over the axle and come out here" $120 (includes a healthy tip for the guy that actually did the work) ;).

    Russ
     
  10. low down A
    Joined: Feb 6, 2009
    Posts: 451

    low down A
    Member

    i wouldn't be bragging about spending 250.000 dollars on a fiberglass car unless i was trying to sell it. then i too would lie my ass off
     
    Woogeroo, blowby, hotrodlane and 10 others like this.
  11. texasred
    Joined: Dec 3, 2008
    Posts: 1,130

    texasred
    Member
    from Houston

    what is the asking price
     
  12. COCONUTS
    Joined: May 5, 2015
    Posts: 1,105

    COCONUTS

    I am wondering what would be the build cost with parts and material if it was standard condition steel car, something that some of us could start off with?
     
    mad mikey and Just Gary like this.
  13. guthriesmith
    Joined: Aug 17, 2006
    Posts: 6,465

    guthriesmith
    ALLIANCE MEMBER
    1. H.A.M.B. Chapel

    Yea, I don't get spending that much on any of this old junk. But, I have several good friends that make a living doing this sort of stuff so am thankful that some people can afford it and don't mind spending that kind of money. The number of hours it takes to build some cars is nuts as we know. If we added up the hours we spend and multiply it times a shop rate as already mentioned, many of the cars we see here might be in that kind of range. Good thing that most of us work for free on our own junk. It is the only way I can afford to play this game.
     
  14. Tman
    Joined: Mar 2, 2001
    Posts: 36,030

    Tman
    ALLIANCE MEMBER

    Yup, labor and parts add up. Even almost 20 years ago I was getting sticker shock when I handed guys their weekly bill. And the irony is, those bills many times did not include v1,2 or 3 of a certain mod. A LOT of hours were absorbed by the shop since the boss did not charge for anything but the final work. We adjusted everything down to be fair to the customer. No reason for them to pay for the shop figuring out a process
     
  15. Tman
    Joined: Mar 2, 2001
    Posts: 36,030

    Tman
    ALLIANCE MEMBER

    250K
     
  16. There is a custom bike shop here in Toronto that puts out some fantastic bikes .

    a couple guys I know got custom choppers built by them snd the build quality was incredible .
    The invoice is completely itemized as to parts snd labour spent on each specific task.
    One bill had 17 hours to fit custom handle bars and the related stuff that goes with them .

    At $100 bucks an hour is 1700 bucks plus tax . It adds up real fast .
     
  17. 1971BB427
    Joined: Mar 6, 2010
    Posts: 7,266

    1971BB427
    Member
    from Oregon

    Like most guys, if I had to pay for very much work to be done by others I'd not be able to own even a single hotrod. But by doing all the work myself, or in most cases 90% or more, I have enjoyed the hobby and not gone into debt or bankrupt at the same time.
    I've never built a car that when I sold it I didn't at least double the investment I had in it. Of course my time was likely at $5 and hour, but I never keep track of hours for this hobby. More like just keeping track of months on a build, not hours.
     
  18. 57JoeFoMoPar
    Joined: Sep 14, 2004
    Posts: 5,282

    57JoeFoMoPar
    Member

    We all assign value to different things, we all spend our money differently, and we all have different financial situations that color the financial decisions/purchases we make. No two situations are the same. Custom guys may think it's crazy to spend $30k on a powerful custom engine, and hot rod guys may think it's crazy to spend $30K on wild custom paint. A person might be able to justify one expense if they were single with no kids whereas that same purchase might be a bad decision if they had a family to support.

    I, like I'm sure anyone else here, have my own criteria for deciding the cost/benefit analysis I do before I pull the trigger on a purchase.

    There is also the inescapable fact that "expensive" is relative to the person making the purchase. There are people in this world who might look at that $250,000 car like I look at buying a cup of coffee in the morning. And I think that's great. Instead of sitting there in a huff (not that I'm saying anyone here is) and positing how it's crazy that someone could spend that much on a car, I take a more positive approach. I think of the velocity of money and how that build put food on the table of many skilled workers involved directly with the project, as well as vendors who supplied components for parts used in the build. I'm also personally inspired by the creativity and workmanship of a top-notch build to push myself to do better work on cars. But I'm also intrigued by the folks who are able to fund a project like that, and what type of business they're in, how they're making that money, what their lifestyle is like, and if there is anything I can learn from them to further myself personally or professionally.
     
  19. HSF
    Joined: Oct 25, 2014
    Posts: 185

    HSF
    Member
    from Lodi CA

    I used to paint at a high end shop. I remember one of the fab guys built a custom fuel tank for a truck. 6k later the tank was done. This was 15 years ago so I'm sure it would be much more now. 6 grand for a gas tank, just ridiculous but not my money. There are lots of guys out there with deep pockets that like to brag about how much they paid someone to build their car
     
  20. Tman
    Joined: Mar 2, 2001
    Posts: 36,030

    Tman
    ALLIANCE MEMBER

    Put it into perspective. A new Jeep Grand Cherokee or high end pickup tops out over 80K these days . And you see them all the time.
     
    9200 IH, Boneyard51, ClarkH and 9 others like this.
  21. 49ratfink
    Joined: Feb 8, 2004
    Posts: 18,226

    49ratfink
    Member
    from California

    I just can't see driving a flathead powered car with a glass body and gay radial wide whites in the wrong sizes no matter what it cost to build.
     
  22. Even if ya could do 1 in 10 week, @ 40 hrs a week = 400 hrs
    400 hrs @ 75 per = $30,000.00 Just in labor
    Do the math guys
     
  23. 57JoeFoMoPar
    Joined: Sep 14, 2004
    Posts: 5,282

    57JoeFoMoPar
    Member

    Only an 84-month term!
     
  24. I think the cost would probably be even higher.:confused:

    Brizio et al often start with repro Brookville steel bodies because that's less expensive in the long run, than paying a high-end body guy $100/hour to repair & straighten 90-year-old Ford rust.
     
  25. MAD MIKE
    Joined: Aug 1, 2009
    Posts: 702

    MAD MIKE
    Member
    from 94577

    Those are most likely purchased on credit by the common man/woman. Lot easier to get finance for mass produced transportation with a warranty than for the regular schmo to show up to his/her bank and ask for a $300K loan on a plastic 'hot rod' that resembles a 90+ year old car.
    Risk vs reward. For a loan, a financial institute has to look at it and it has to make sense, monetarily.
    Loan on a Brizio car would be considerably different from the one at the Nissan dealership.

    First time I saw that in a paper I choked. Was positive it was just transposed, even then thought what poor bastard needs a 4 year car loan?.
     
  26. arkiehotrods
    Joined: Mar 9, 2006
    Posts: 6,704

    arkiehotrods
    Member

    $55,000 on Chicago craigslist
     
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  27. arkiehotrods
    Joined: Mar 9, 2006
    Posts: 6,704

    arkiehotrods
    Member

    Not to mention the IFS
     
  28. The joy is in building your car isn't it? That's what I always thought. I don't wanna drive somebody else's car. I guess it's the spoils of fame and fortune. Compensating.
     
  29. wvenfield
    Joined: Nov 23, 2006
    Posts: 5,478

    wvenfield
    Member

    That's what I am thinking........$250k is one thing. $250k for a kit car that isn't all that great to start with is another thing. Maybe that is what the customer wanted though.
     
  30. Squablow
    Joined: Apr 26, 2005
    Posts: 15,868

    Squablow
    Member

    Top notch, well known shops command a premium hourly rate, and if you combine that with a picky customer that wants to spare no expense, it's easy to see how a build could get 1500 hours in it at $150 per hour, plus parts, and then you end with that kind of total price. I worked in a body shop 20 years ago and we'd have restorations reach over the $100K mark and we sure weren't Brizio.

    I toured a body shop once and looked over a car body that had just been cut and buffed. The bodywork was stunning, really a terrific job done, and on the inside of the floor you could tell they went to great lengths to save as much original sheetmetal as possible, with floor pans replaced is a crazy jigsaw pattern to only replace what was needed, when a whole pan would have been quicker.

    I told the guy showing us around to tell whoever did the bodywork that they did a great job, he said there was 1000 hours of bodywork and paint in that body, and not a single bolt had been turned into it yet. They charged $70/hour for body and paintwork, so that was a $70,000 paint job, plus materials. A big chunk of that cost was for details that you'd never be able to see, but the customer wanted it just so.
     
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