Expand mobile version menu
  Skip to main content

Interviews

Insider Info

A '30s Chrysler with a new interior and sparkling chrome may be a magical sight, but no wizard's wand could make it happen. The fine paint, polished chrome and smooth woodwork of a customized car takes many hours and a whole lot of cash.

Martin Lum is the owner and operator of a car restoration company. He says people should expect to pay high prices for his labor, materials and artistic touch.

"I say to people when they want a major restoration that if 2,000 labor hours -- plus countless amounts of material -- upsets them, then maybe they'd better look for somebody with a magic wand."

As a teenager, Lum discovered he had a knack for fixing up old things. He'd always liked crafts, and decided to try his hand at restoring antique furniture. Around the same time, he developed an interest in history and began to dabble in texts of the past.

Now, he has found the perfect way to use both hobbies: auto-customization. His ability to research and understand the past is crucial to his work with old cars.

For example, if a client wants a Chevy to have a certain '50s flair, Lum's got to deliver. Sometimes, this takes a little background research.

"I'm an avid history reader. You've got to do a lot of documentation on old cars to restore them properly. In many cases, you have to go into the research facilities," says Lum. "So, it's not just hands-on. It's work that you do in research, and it's fascinating."

Fascination is what keeps Lum in the business. The money, he says, is certainly not the main attraction. "I actually worked for a year with a guy who was doing restoration. He went bust! He went bankrupt and that should have been a warning for me," he says.

Fortunately, income is not a serious concern for Lum. Auto-customization is just something he's always wanted to do. When he retired from sales management and his kids left home, he decided to pursue a lifelong passion and open up a shop. He prepared himself financially and is now able to enjoy his work as a hobby more than anything.

However, he advises young people in the business to work with modern cars. With old cars, he says, business is just too inconsistent.

"I used to have three employees full time back in the '80s. When the economy dropped off, fortunately two of them quit. And the other fella, whom I dearly love almost like a son, I told him that I felt he should get a job in modern automotive work."

While Lum isn't concerned with making great financial gains, he needs to keep his head above water. In order to survive through lulls in the economy, he always gives his customers the best work and service he can, in hopes that they come to him when times are tough.

"You've got to have some heavy hitters who want more than one car restored. I just delivered a car to a customer. He said, 'Now that you've finished with this, when you've got extra time, I want that done and I want that done.' That's music to my ears! He's a great customer. He just pays and admires and enjoys, and doesn't really seem to be too concerned about what it costs," he says.

Lum adds that with the right attitude, anyone can do auto-customization, even with older cars, and survive the slow times. "It's something that anybody can do if they just put their minds to it."

For Sonja Terrick, a stripped, sanded and freshly painted old car is a fantastic sight. "It's very satisfying to take something crunched and make it new!" she says.

In high school, Terrick knew she wanted to get out of her desk and do something a little out of the ordinary. Her school offered some courses in the automobile trades and she decided to give them a try.

"I was just looking for something different and I didn't want a desk job. So, it was something I'd never done before, and it was just a challenge because I've never done anything remotely like it," she says.

Now, Terrick makes a point of encouraging other young people to go into the field. She is involved with a national organization aimed at increasing youth awareness about careers in skilled trades and technology.

"I'm involved in the autobody part....It's a series of practical tests and written questions that students go through, and the top marks get awards and prizes....I just like to get involved with those little things," says Terrick.

While she'd encourage almost anyone to give auto-customizing a shot, she recognizes its downfalls.

"I don't like the chemicals," she says. "I don't like the idea that it's probably going to have an effect on my body. It's hard on the lungs -- the dust, the chemicals. We worry about lung cancer and things like that. So far, I haven't noticed anything, because there's a lot of safety equipment that you can use, and we do use it here.

"But still, no system is perfect. Most of it is just restoring [cars] to what they looked like before. It is satisfying to take something and make it really beautiful."

Powered by XAP

© 2010 - XAP


OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.