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Hey Pete,
Justifying sinking a lot of $$ in a car is a conversation you will never win.
I've sunk soo much money into cars when I lived in Holland (driving a '79 El Camino SS or a Dodge W200 Army pickup in Europe is borderline insanity).
When I moved to Canada, I was into 4x4's and sunk a wadload of cash into a basketcase Jeep YJ. (My wife still loves to point out how much $$$ I spent).
Bottomline is: it's your money, it's your life. I don't know anything about your personal life (e.g. married / kids etc), but trust me, once that starts priorities change.
I'm in a position where I drive a very nice daily driver, and have the bug to tinker with. The main thing I want to achieve is to get the bug driveable, no matter what the condition is. A car parked in a garage will loose interest fairly quick...
So, unless it is affecting your life in an unacceptable way, I'd say go for it. Get it on the road. I've seen the car before paint, and I've seen the car in Alex's garage when the build up started and it's going to be one of the nicest bugs around.
Is it worth it ? In a sense of $$$$ ? No way. In a sense of pride and enjoyment ? HELL YEAH !
Rob.
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