...for another car, does that make the new ride a challenge car also? Seems logical to me. Would the previous budget total be the new car's budget total?
...for another car, does that make the new ride a challenge car also? Seems logical to me. Would the previous budget total be the new car's budget total?
If you are trading for a non-Challenge car it should be valued at FMV.
The Challenge car cost is money spent. The Challenge car value includes sweat equity. If you trade your Challenge car for another Challenge car, sweat is traded for sweat. If you trade for a non-Challenge car, your sweat is turned into dollar value.
I think if I took one of my $2,000 cost cars now valued at $8,000 and traded it for a $4,000-$8,000 (for conversations sake)car, and took it to the Challenge, it would not be in the spirit of the event. I don't see a problem trading parts to put on your Challenge car that you rebuilt/saved/shined up/etc., but a car should be viewed through the event intension lens. IMO
Hmm... If you did it a few times, we could have a $20XX Ferrari!
SVreX wrote: Hmm... If you did it a few times, we could have a $20XX Ferrari!
While I agree it doesn't seem to fit the spirit of the event, I'd like to see this happen at least once. 
We sold our Challenge car on eBay for $6,600. We could have traded it for a $6,600 car. Definitely not something that should be allowed. The rules used to say purchase price or FMV.
But I am fine with sweat equity put into your sell off parts. A quick coat of paint, or a little polishing can go a long way.
wheels777 wrote: If you are trading for a non-Challenge car it should be valued at FMV. The Challenge car cost is money spent. The Challenge car value includes sweat equity. If you trade your Challenge car for another Challenge car, sweat is traded for sweat. If you trade for a non-Challenge car, your sweat is turned into dollar value. I think if I took one of my $2,000 cost cars now valued at $8,000 and traded it for a $4,000-$8,000 (for conversations sake)car, and took it to the Challenge, it would not be in the spirit of the event. I don't see a problem trading parts to put on your Challenge car that you rebuilt/saved/shined up/etc., but a car should be viewed through the event intension lens. IMO
This is a very valid point that I had forgotten to consider. My challenge efforts have been with a basically stock car with a couple bolt-ons. But some of the wild custom builds certainly illustrate why my initial thought process was flawed.
I sold my Challenge car for $750 on the last day of the Challenge.
Of course, it was making bad engine sounds.
You'll need to log in to post.
