Restoration Specials: Ten Classic Project Cars for Under $5k

Project vehicles are an outlet for car lovers to let their imaginations run wild, fulfill the desire to save a piece of automotive history, and stay preoccupied with a productive activity that will, hopefully, lead to a running, driving pride and joy.

There is a plethora of excellent beginnings to car projects in the classic car market, but when it comes to picking out a project car you’ll need to know your limits, physical, monetary, and time-wise. The following classic car projects we’re about to share will require automotive tools and skills to get them back on the road, which is typical this day in age for vintage vehicles listed for sale at $5,000 or below.

Parts availability and overall vehicle condition is also important, but the most underrated factor when choosing the perfect project car is inspiration. How does the vehicle make you feel when you look at it as-is? What do you see? Is your heart going aflutter?

Why is this important, you ask? Moments of overwhelm or feelings of defeat during a build happens to even the most experienced restoration specialists. It’s important to be able to take a step back and look at the big picture – your original vision for the build – and turn that dream into motivation to keep pushing through.

That said, we have compiled a list of ten project cars that can be had for under $5,000 on the Hemmings.com Marketplace. Each are a good base to start from and will come with its own challenges and perks. Which would you choose, and how would you build it?

1962 Mercury Meteor Custom

1962 Mercury Meteor Custom

Located in Ellijay, Georgia, this four-door 1962 Mercury Meteor Custom comes with a 221-cid V8 and a three-speed manual transmission. The motivated seller states that due to health and age, it is now listed for sale at an asking price of $4,250. This price includes a supply of new and used parts with over $2,000 worth of receipts. You’ll need to have a way to get it home as the Mercury does not run in its current condition, but the seller states the car is 100-percent complete and the body is straight and rust free. Get more information here.

1956 Oldsmobile Super 88

1956 Oldsmobile Super 88

Did someone say, “dream car”? Located in Lynwood, Illinois, this 1956 Oldsmobile Super 88 is described as a “major project” that is not currently drivable. However, the seller states the car was disassembled and the chassis completely restored, and he confirms that the body is solid. It is already equipped with all new brakes and suspension. According to the listing, the car is complete with the iconic Rocket V8 topped with four-barrel carburetors and an automatic transmission, plus it has all of its trim pieces and a clean title. Check it out.

1965 Chevrolet Biscayne Station Wagon

1965 Chevrolet Biscayne Station Wagon

Located in Morgantown, Pennsylvania, this 1965 Chevrolet Biscayne station wagon project could be intimidating to some, but this is a model that’s not seen often on the market. The seller discloses that this vehicle does sport some severe invasive rust on the frame, but with the proper repairs, it could make an excellent candidate for a restomod or pro touring car project. The powerplant is a factory 230-cid inline-six engine topped with a single barrel carburetor, and transmission is a three-speed manual. Find more information on this Chevrolet Biscayne project car at this link.

1957 Dodge Coronet

1957 Dodge Coronet project cars

Located in Akron, Ohio is a two-door 1957 Dodge Coronet HT Lancer paired with an accompanying four-door Custom Royal sedan which the seller originally purchased to be a parts car. Sold as a package deal with “tons of parts” for an asking price of $4,000, the seller states that this combination should be enough to build one really good car. However, it would be the buyer’s choice, both bodies are reportedly rust free, have good titles, and both have been repainted and had floor pan repairs at some point in their lives. What would you do with this dynamic duo?

1936 DeSoto Airflow

1936 DeSoto Airflow

Located in Stanton, California, this four-door 1936 Desoto Airflow is being sold as a project or a parts car, however we think it would make a better project car. The Desoto is reportedly complete aside from its bumpers, and the seller believes all the interior trim and stainless pieces are present. Get a closer look.

1965 Simca 1000 Bertone Coupe

1965 Simca 1000 Bertone Coupe

Here’s a classic car that isn’t seen every day. The Simca Coupé 1000 is a rear-engine two-door coupe, styled by Bertone, that was produced between 1962 and 1971. Located in Beverly Hills, California, this 1965 Simca 1000 Bertone Coupe, listed for an asking price of $4,950 with several people watching the listing, comes equipped with what appears to be its original engine and a manual transmission.

1946 Cadillac 62

1946 Cadillac 62

Located in Ambler, Pennsylvania is this 1946 Cadillac 62 which is described by the seller as a “one-of-a-kind ‘resto-rod’” with a rebuilt 500 cubic-inch Cadillac engine, a rebuilt TH400 Cadillac transmission, and a newer Cadillac rear end. The seller states the car is rolling, not running, and is equipped with four-wheel power disc brakes, power steering, new upholstery, new glass, and new chrome, all for an asking price of just $2,000. The body is reportedly rust free and ready for paint. Cruise to the listing to find out what it will take to get this project car running.

1953 DeSoto Powermaster

1953 DeSoto Powermaster

It’s hard to pass up the toothy grin of a classic Desoto. Located in Overbrook, Kansas is a barn find four-door 1953 DeSoto Powermaster. The seller states that all parts are present and they have driven the car. It is powered by its original flathead straight-six backed by a tip-toe shift manual transmission. Rust is reported to be minimal and the body is straight. Parts availability may be better than you’d think for a classic DeSoto of this era as Chrysler owned Desoto during the car’s production and many of the parts can be found branded as Chrysler. Ready to take the leap? Check out the listing here.

1974 Porsche 914

1974 Porsche 914  for sale

Located in Troy, New York, this 1974 Porsche 914 listed for $2,000. The seller states the body is in good shape, but the interior carpeting was removed by the prior owner. The ‘70s sports car “ran fine” prior to storage and has “no issues with the motor or transmission.” Only one photo is offered on the listing, however, but interested buyers can contact the seller for more information.

1966 Vanden Plas Princess

1966 Vanden Plas Princess

We have a unique find located in Groveland, Florida. This 1966 Vanden Plas Princess, presented in a rare black and silver two-tone paint scheme, is a left-hand drive classic car equipped with a FB60 Rolls Royce four-liter engine. This model was the result a collaboration between Rolls Royce and Vanden-Plas. It is compact by Rolls Royce standards with refined performance, handling and an incredibly advanced gearbox in its time. The car, listed with a $3,499 asking price, is reportedly all-original, but is not running. Check out this classic car’s restoration potential.

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