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RansomEli

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Posts posted by RansomEli

  1. nick8086, 

     

    If you acquired a car through probate, then for tax purposes the value of the car is the fair market value at that time. In other words, if I bought a Ferrari 250 GTO in 1965 for $35,000, kept it, died, and left it to you in my will, your cost basis of the car would not be $35,000; it would be approximately $55 million. I you sold the car you would report $0 profit. And if you spent a couple thousand tuning it up, you could report a loss.

     

    If you have inherited one or more cars and are considering selling, talk to a CPA or lawyer beforehand. The tax implications are very significant.

     

    When it comes to finances and legal issues, the internet is your enemy. Everyone has an incorrect opinion. Even me.

     

     

    • Thanks 1
  2. Thought I would share a few of my models. I've got about 10 stored away for when I get some free time. Right now, I have a few 1:1 scale Franklins to work on.

     

    Thankfully, I purchased these years ago. I'm stunned by the prices of new kits.

     

    1. My favorites are the Pyro brass car kits. Small but very nice when assembled. I'd like to buy more kits but they're rather expensive today. Any leads would be appreciated. 
       
    2. The Lindberg Line kits are my least favorite. They seem to be the bottom feeders of the model car kit market. They have some antique/classic kits but lack details.
       
    3. My favorite kit is the Mercer Raceabout. Aurora seems to have the best model. This one has very nice details and looks great when properly assembled. Does anyone know of a Mercer kit in a larger size? I'd love to get one in 1/12 scale.
       
    4. Never could afford the Hubley metal kits. Do they have enough detail?

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    • Like 2
  3. The products are all the same. Go to Amazon.com and search for "oil leak detection kit." There are some kits under $20-30 that contain the oil dye, flashlight and tinted glasses. You don't need anything expensive because this is a single-use case. 

     

    Get the product with the most stars.

     

    If you don't have Amazon, then just Google "oil leak detection kit" and go from there. 

     

    If you plan on using the kit more than once you should upgrade a bit. And you can always purchase more dye.

  4. Recommend you purchase an oil leak detection kit for under $20 and determine exactly where the leak is coming from. You put a few drops of dye into the power steering system, let it run a few minutes and then examine the area with tinted glasses.  The leak stands right out.

     

    Save me some time with my Buick.

  5. Harold,

     

    Thanks for the response. I regularly peruse the REO 1 & 2 cylinder website for info and get a lot of info. Sadly, the talent pool is shrinking each year.

     

    I have talked with you on the phone about restoring my REO during the past year. Your advice has been helpful and I am very thankful. In my opinion, you and one other person are the only people in the U.S. who can work on early REOs.

     

    I will be in touch.

  6. Adjusting your distributor via a vacuum gauge is a time-honored method. You're adjusting the timing via the greatest vacuum reading, and then backing off a bit. 

     

    You are getting the best engine performance, regardless what the factory says the timing should be.

    In your case, with a built-up engine, it's the only way to go.

    • Thanks 1
  7. I have received a lot of valuable advice from the trimmers on this forum. Thanks for help us amateurs out.

     

    I'm building a brass-era speedster and want to reupholster my seats. I'll be using leather and horsehair padding. No foam or sewn pleats.

     

    Question. I want to practice first using vinyl, but have heard that vinyl does not fold the pleats properly like leather. Is this so?

     

    It would be much cheaper to practice a few times with vinyl, but I do have some leather hides that could be sacrificed for the greater good.

     

    Also, what backing to use to attach the buttons? I have heard about a fabric called Versare and also FlexPad.

     

    I know the complexities involved but want to try. There was a 1-cylinder REO for sale on the HCCA website recently - the ad stated they paid over $8,000 for the diamond-tufted the front seat. The seat looked beautiful, but I am not prepared to spend that for my raceabout seats.

     

    Thanks in advance for any advice.

     

     

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    • Like 1
  8. Go to the TCP Global website (https://tcpglobal.com) and select their Auto Color Library (https://www.autocolorlibrary.com).  You can get any color you want in Acrylic Lacquer (so long as you don't live in California or a similarly-regulating state). Some of the color charts go back to 1929. I have purchased acrylic lacquer from them, including custom colors, and the quality is excellent.

     

    They can match any color you need if you have the paint code, too.

     

     

    • Like 2
  9. Yep, Axalta is what it is called now. The painter till calls it DuPont?

    Sorry, but sometimes I still call PPG "Ditzler".

     

    Deadpurpledog, I wouldn't worry about the warranty.

    If you buy a well-known brand and use their related primer, primer/surfacer, thinners, basecoat and clear coat as a complete system, you'll be OK. Mixing manufacturers can sometimes lead to problems if you don't know what you are doing.

     

    Most important, proper preparation is the key. You'll spend 90% of your time preparing the car and maybe 10% actually spraying the final base coat/clear coat. When you're preparing the car for paint, good enough is not good enough. 

     

    And read the Technical Data Sheet for each product you use. Follow its instructions and don't listen to what someone on the Internet says.

     

    Dupont Axalta and PPG are great brands, but don't be afraid to look at TCP Global or TP Tools, either.

    • Like 1
  10. Elitist question of the day:

    One of these is not like the others:

    • 1947 Jaguar
    • 1929 RR Phantom
    • 1930 Bugatti
    • 1939 Delahaye
    • 1966 Ferrari 275 GTB/C
    • 1930 Ford Model A

    But I'll bet the guy with the Model A has more fun with his car.  

    • Like 2
  11. I have a 1-cylinder Briggs and Stratton coil box (synchronizer). 

     

    Can you recommend someone who can determine the condition and repair as need?

     

    It belongs to my 1908 REO Model G. Not factory-correct but it's all I've got.

     

    I'm trying to get the engine started after it's been sleeping for over 50 years. Any advice or recommendations for people who can help will be gratefully received.

     

    Also need advice on who can rebuild the radiator.

     

    Thank you.

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