$2015 Challenge: 3 pricing questions

Just starting to plan my build for a 1986 chrysler laser. Actually I have two of them. The first was free from my uncle, "cut the lock and get it out of the garage before I sell the place. It's been sitting there for twelve years since it stopped starting." It ended up being too far gone. So I bought another for $600. How should I value parts off the originally acquired free car, if I need stuff from it?

I got the hvac people to leave my old heatpump when they replaced it with a new working one. I plan to use the sheetmetal to patch a few rust areas. Is that free metal?

Also I see some fantastic fiberglass work on cars from prior years. How do they do it on the budget? Are we not required to account for materials used to make molds and supports?

Thanks, Justin

I'd say that "free" car has a fair market value of $100. Use any of the parts you want then scrap the shell for $100 and call it a wash. There may be a better way, but that's my first reaction.

The metal from your HVAC is basically a garbage pick, (anyone could get it from your curb). I'd call it free, or of such little value no one will care.

I don't think the mold supplies count in the budget. It's technically a "tool" and not part of the car. Just count resin, cloth, etc.

Can't give you a definite answer for the first two, but the molds would be like buying a tool. The value of the materials in the pieces made for the car count in your budget.

In reply to Jah29:

Answers in reverse:

3- The budget only includes what is on the car when it gets to the event. Molds would not count, supports would.

2- I'd say that is free, but it wouldn't hurt to put a few dollars in the budget. Those cabinets are steel, and scrap steel is incredibly cheap right now (like $.05 per 100 lbs)

1- Hard to budget a car given to you by your uncle. The problem is he's your uncle. That means you may have gotten a deal that could not have been had by anyone else. If your uncle would have done that for anyone, than its a free parts car. If not, you need to put a price on it (FMV).

worst case FMV the free car for scrap price. car and steel here are 5 cents per pound. 3000 pound car is $150.

That really helps.

thanks for the replies everyone.

Since I paid $100 for my crusty, rusty and questionably saveable 1987 CSX, I'd also agree that the Fair Market Value is around $100.

This is how I see Turbo Dodge pricing:

$free-100: Rusty parts car, non-running

$101-500: Rusty car in running condition

$500-999: Running, but in need of cosmetic help

$1000-1500: Daily driver

$1501-up: Nicer examples

*Add 20% if it's a Shelby car

*Add another 20% if it's an Omni GLHS

If it was free to anybody, it is free. If it is free to you only...I don't have a vote.

http://grassrootsmotorsports.com/forum/grm/free-cars-are-still-out-there/33112/page1/