[Chateau Slate 66]

If the car is for yourself, getting upside down is not the end of the world. Many people (myself included) can't afford a completely done, well restored 69 Z. Hopefully, when it is done, you know the car is done right because you weren't forced to cut corners. (Or purchasing someone else's slap together for resale project) Basicly, you are making payments to yourself. In the end it costs more, but you are able to have something that you may otherwise not be able to have.

I'm not saying that this is the case in this situation, just that may people do buy project cars for this reason.