Some people, probably most people, aren't cut out for project cars. They may like the IDEA of having a project car, but once it gets boring or difficult or they get stuck on something and don't know how to proceed, or something urgent comes up in their life that requires their spare time, it's so easy to just never make the time to get back to it.
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In this guy's case, it sounds like he doesn't realize he's buying a project car at all. He thinks he's getting a deal, but it's really a "deal" because he's buying someone else's problem that they didn't want to "deal" with themselves.