So let me get this straight...
You buy up old cars that need fixing and then ask other people to finance the project which you then turn around and sell for a profit (or use for your own pleasure).
Why on should anybody donate any of their hard-earned cash to you? Just so that you can "save" some old piece of tin that isn't really that rare in the first place?
Boy I wish I had your gumption when I started my restoration project.
I would have loved for somebody else to have footed the bill for my car. Actually the car is going to need some work this spring. Do you feel like helping me out?
I can't believe people would honestly give you a single dime, and if they do, they deserve to have their cash parted from their wallets.
The closest, most similar, legitimate approach I've heard of is a club buying a car, restoring it and raffling it off to support the running of the club. I've also had family members involved in school projects where an old car was purchased (with money in the school budget) and students in the tech department (auto mechanics, auto body, woodworking, electronics, etc.) worked on restoring the car (actually rodding it out) and the the vehicle was raffled off and the proceeds were funnelled back into the tech department to buy equipment that the school couldn't afford. Those are legitimate fundraisers in my eyes. What you're doing isn't.
I honestly can't believe you'd have the nerve to come onto a forum like this and ask people to help you fund your project. How do you think we keep our own cars going? What do you think we do if we decide we can't afford to fix or restore our cars?
--Toronto
(Of course any opinions expressed above are mine and strictly mine alone, and I'm willing to take whatever heat they might generate.