I bought a car with a half-completed engine swap, and finished the work myself. I paid $750 for the car. I have a hand-written and signed bill of sale stating such, I even have another forum post to link to stating the purchase price. Hell, I think there's an archived thread on here from when I bought it. The car with the completed swap is worth much MUCH more than $750, but I only paid that much for it, and have done nothing other than add a $60 radiator and $10 worth of wiring and crimp connectors since I bought it.
I've never done the challenge before, and I don't want to build a balls-out challenge car unless I know I'm legal. I will be in Gainesville this year if I am. Should I be okay? I dread showing up and being forced to run exhibition....
Per Schroeder
Technical Editor/Advertising Director
1/23/11 5:43 p.m.
Sounds legit to me....bring it!
EXCELLENT! We will be there!
Sounds like you're in the car for $830 total so far.
Lots of people have picked up cars that are worth a lot that just need to be put back together. I've picked up cars for free that were worth around $1000 with only a bit of work. Under challenge rules, a car of that sort would be valued at the cost of transportation.
Derick Freese wrote:
Sounds like you're in the car for $830 total so far.
Lots of people have picked up cars that are worth a lot that just need to be put back together. I've picked up cars for free that were worth around $1000 with only a bit of work. Under challenge rules, a car of that sort would be valued at the cost of transportation.
Looks like $820 to me. But I don't understand new math.
http://www.youtube.com/watch?v=DfCJgC2zezw
patgizz
SuperDork
1/23/11 8:07 p.m.
you're good to go. incomplete projects are cheap relative to completed ones, it happens all the time. people get in over their heads, give up, need house payments, whatever.
Yeah, I had $80 in parts in my head when I did the math, not $70. That new math will cost you $10, you know?
Derick Freese wrote:
Sounds like you're in the car for $830 total so far.
Lots of people have picked up cars that are worth a lot that just need to be put back together. I've picked up cars for free that were worth around $1000 with only a bit of work. Under challenge rules, a car of that sort would be valued at the cost of transportation.
My nearly rust free Shelby Dakota is worth more than the $1200 I paid for it. Come on down!!!
Raze
Dork
1/24/11 7:47 a.m.
Hell, my running/driving Fiat had a $1600 reman trans put in from IAP via the PO 4 months before I bought it, I paid $1000 for the car, I'm coming to the challenge (non-competitive, but at least I'll help round out the 'classic' category)... 
According to the "market," my car that i paid $900 for is worth somewhere in the neighborhood of $3500-$4000.
You're legit!
Heck, the car that I was given will be valued at $200 (non-running Miata). She's running now, though poorly. Thankfully, I have lots of time for a rebuild before October.
