In reply to Patrick :
Got it.
In reply to Justjim75 :
Megasquirt on their website has a kit that you build yourself for $254. What brand coils and how much?
I know those coilovers.....
And the blower and such have to be added into the budget. Even free to you (cause dad).
In reply to Dusterbd13-michael :
So if I buy it off my dad for a dollar, do I mark it as a dollar then?
Fair market value is far higher than a dollar. An m45 in my area generally goes for about 400.
Fair market value is what the item goes for in a normal sale. You may get it for free, but only because it's your father. If you were some random guy from Craigslist, hed charge you $xxx.
Heres an example: my friend was cleaning up the shop. He gave me an aluminium seat, and 5 point harnesses. This was just for me. However, he would not have freely given them to his neighbor fred. He would have asked fred for $50. Because they were not free to everyone, i cannot count them as free in my budget, even though i didn't pay anything for them. They go in my budget at fair market value of $50.
Same with the blower.
The intent of that portion of the rules is to keep things honest.
Unless your dad was offering it to anyone off the street for a dollar, you'll have to FMV it. That'd fall under the "inside deal" rule.
So a change in plans, instead of megasquirt 1, I'm gonna give Speeduino a shot. Seems to be much cheaper and easier to use for a 17 year old who's never tuned anything.
So I have a few ideas for aero for Cherry Bomb. I'm deciding between a ducktail made of street signs/scrap metal, buying a ducktail off ebay, or trying to find that 3 mount wing from canada. A few issues with each, 1 - I can't weld/fabricate crap, never done it and don't know anyone who does. 2 - budget. 3 - Rarity and budget.
How do gifts factor into the budget? A family friend wanted to buy something for my car to add in a little touch of him, so he sent me a shift knob. How would this factor into my budget, if I can prove it was a gift?
In reply to Catlas_Se7en :
Fair market value or ask them for a receipt so you can add what they paid or my choice, swap the stock one on for the Challenge.
https://2000challenge.com/rules
In reply to Stampie :
Can I run my stock one during the challenge and use the new one for when not at the challenge?
I think its half the budget can be recouped by selling parts, I dont think theres any rules about trades that keep you from making good deals. Like, if you trade a stock shift knob for an aftermarket one because someone wants a factory car and not a modified one. Just dont trade your spare tire for the supercharger, someone will probably call BS on that
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