Profit Or Loss?
- Thread starter FoxMustangLvr
- Start date
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Sponsors (?)
Gonna play the hard to get girl huh? I see how it is. I never really thought the big investors would really divulge the numbers but I'm surprised that some are.
I keep telling myself that I won't let my build get out of hand financially but It's looking like $10k is unavoidable for me for my project. It's kind of like playing the stock market, there is no loss until you sell.
I said id stop after I wasn't spending money from parting out my wrecked car and the ins money from it . lol
@FoxMustangLvr Hard to get.... I guess that is me 
I might have quite a bit of money into my car but I do everything in my power to keep the costs down. This includes working on it myself!
Example, after the accident last year when we hit the wall at 150 mph, the fix was only about 1,000$. It helps that I fabricated the entire tubular front end in my shop, that I have great friends to help pitch in and a few solid sponsors that I couldn't imagine doing this without
I might have quite a bit of money into my car but I do everything in my power to keep the costs down. This includes working on it myself!
Example, after the accident last year when we hit the wall at 150 mph, the fix was only about 1,000$. It helps that I fabricated the entire tubular front end in my shop, that I have great friends to help pitch in and a few solid sponsors that I couldn't imagine doing this without
tamadrummer88
Active Member
Thanks for the compliment, I think?Since @84Ttop won't say it, I'll go ahead and say it. My build was over $100,000. I personally had over $40k in it, and I had great sponsors. It's looking like by the time I sell it off, I'll end up around $30k.
I went into it knowing it would never be worth what I had in it. I didn't do it for an investment or to impress anyone. I did it because horsepower is my only addiction (if you don't count the V) and I can never get enough of it. That car was like mainlining narcotics. Best rush I've ever had!
Obviously, I'm not thrilled about selling the car. It was paid for. It didn't cost me a dime to sit in my garage... I would've kept it forever. But my family had $12k worth of unplanned unavoidable financial crises pop up in a two week time period last month so the car had to go. (I didn't have $12k in savings) It's sad to see it go, but I'm glad I was able to take care of my family.
One thing I learned is that I'll never build another car like that again. Funny Car Cage, C16 only, etc. From here on out, my Mustang projects will be more street oriented. Note- I did drive that car on the street, even with the funny car cage and c16, far more on the street than on the track. It just wasn't practical. You might think I'm crazy for even mentioning the word "practical", but my 2011 5.0 is a 10-second daily driver with power everything which gets 24mpg in the city. THAT is practical.
LOL!!!!!!!!!!!!!!!!!!!!!!!! I wish I could afford a "stock" car like yours! That thing is SHARP!
Three words:
HOLY
FCKING
SH*T
Dude, i can't imagine spending that kind of cash on a fox. Just for curiosity sake, care to break down the costs for each aspect? I think it would give us peasants a better look into where the money goes when building an ungodly awesome car like yours
tamadrummer88
Active Member
mikestang63
SN Certified Technician
Back in the 90's and early part of the 2000's, I had my 87 vert which I was the original owner and converted it froma DD to a street/drag/ show car. Drove it for two years all over Florida- Turkey Rod runs, Hot Magazine Powerfests, Ford sanctioned shows etc.. I actually won best in class at a few, I had probably 25K in mine.
Reason for the backstory- There was a local older southern guy I remember named Bob who had an amazing black fox body hatch- every single thing under the hood was polished or chrome, custom paint, custom interior. He TRAILERED the car to every show. Never drove the damn car. After a few years I asked him how much he had in the car and what he admitted to was well over $100k. This was in 2001. He knew even then he'd never get anywhere near that back.
Wonder if anyone else remembers him or the car?
mikestang63
SN Certified Technician
Thanks for the compliment, I think?
I went into it knowing it would never be worth what I had in it. I didn't do it for an investment or to impress anyone. I did it because horsepower is my only addiction (if you don't count the V) and I can never get enough of it. That car was like mainlining narcotics. Best rush I've ever had!
Obviously, I'm not thrilled about selling the car. It was paid for. It didn't cost me a dime to sit in my garage... I would've kept it forever. But my family had $12k worth of unplanned unavoidable financial crises pop up in a two week time period last month so the car had to go. (I didn't have $12k in savings) It's sad to see it go, but I'm glad I was able to take care of my family.
One thing I learned is that I'll never build another car like that again. Funny Car Cage, C16 only, etc. From here on out, my Mustang projects will be more street oriented. Note- I did drive that car on the street, even with the funny car cage and c16, far more on the street than on the track. It just wasn't practical. You might think I'm crazy for even mentioning the word "practical", but my 2011 5.0 is a 10-second daily driver with power everything which gets 24mpg in the city. THAT is practical.
LOL!!!!!!!!!!!!!!!!!!!!!!!! I wish I could afford a "stock" car like yours! That thing is SHARP!
Sorry to hear about the hard times. It happened to me as well. Had to sell my 87vert for about 30% of what I had in to it years back. Did you see this other local Fox Body for sale. Similar story- has about $40k into it trying to get $15k. Nice build as well.
http://miami.craigslist.org/pbc/cto/4543386166.html
after building mine and knowing the cost,i would probably pay more than the average guy for a clean car like that!
tamadrummer88
Active Member
To be honest i can't see 100k into one of these cars...maybe 50 or 60k, but 100k? Where is all the money going? (assuming all the work is done by the owner save for machine shop work and whatever else.
For example: Just the blower and gear drive hanging off the front of my engine is 10k. I have 4,500$ in just cylinder heads. Add the block, crank, billet rods, custom pistons etc. Factor is 1,400$ fuel injectors 1,000$ in a throttle body setup, Xfi with all of the upgrades and we are only scratching the surface. If I remember correctly the torque converter was 1400 some dollars not to mention the dedenbaer case powerglide. We haven't even stopped talking about the drive line yet. Where should I stop hahaha
That's exactly why I love when people pop up on here saying I'm gonna make 1,xxx horsepower with my dart block, t4 turbo and a c4. Sure it CAN be done but the associated cost is just a snowball that people don't realize. And my car will probably not have 1/3 the money in it
bentley429isBAC
10 Year Member
What I find funny is the fact that I've gone out of my way to cut costs. Sometimes I came out ahead, others not so much. I have around $10k in it at the moment and you all know where I'm at. Couldn't even get $5500 out of it.
Life lesson: buy something done or close to it and make what you want. I'll never do another ground up build. I'll get something that runs and do it in small steps to keep it running and driving.
Life lesson: buy something done or close to it and make what you want. I'll never do another ground up build. I'll get something that runs and do it in small steps to keep it running and driving.
That's really not so hard if you consider that a probuilt engine w/ all the good stuff could be in the 20-30k range.
5k+ on the wheezer,
Easy to dump 5k on a trans,
Another 3,500-5 k on a full on 9"
20k on the chassis,(shop built)
7-10 grand in paint and body.
5k+ on electronics/ECU/Traction control
2-3k on wheels tires.
doo-dads?
I think your onto something here. Pay a little more and buy a clean and tastefully modded 5.0 and let the previous owner take the loss on most of the mods, paint and interior work. Then tweak the car a little and get it to where you like it.
The downside to this? Most people are never happy and would get that nice clean car and sell off most of the mods and start the car all over. It's a disease.
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