Quote:
Originally Posted by Vegas69
It doesn't matter, build or buy what you can afford and don't worry about what everybody else is doing. Then proceed to enjoy what you have.
Don't assume these high end builds are the best option. Many are built and never finished. If they are finished, they are so damn nice the owner can't bare to use it as a car was intended.
I've built a high end car on this site and actually used it. Give me a decent brawler that does everything exceptionally well. By everything, I mean can be parked in the rain, functions like a factory car, reasonably reliable, safe, and I can walk away from the fire and sleep well. I've had the blind passion for the hobby and now see it from my own perspective. In most cases, it's the low to mid level builds that are out having the most fun. Unless your passion is building them and you are at the point in your life where you can burn the benjamins without sacrificing your future That's fine too if it floats your boat.
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Every once in awhile you hit a few nails. Lots of good points in there.
Quote:
Originally Posted by DFRESH
Personally, I purchased my car mostly stock for 23k---took a loan for about 15k of it at the time---paid it off in 3 years. This seemed acceptable to me. Since that time, I've pieced together most of the parts to make it the driver I would like it to be. The biggest transformation is coming this next year (new front sub frame, new Ls3, rewire car, etc, etc). I was patient and found lots of deals on most every part, saving a lot, yet have not had the car down for more than a couple of months at any one time. No additional debt incurred. I still drive mine every week and enjoy that part the most.
I don't think most of the guys you will run into will have paid cash for one of these cars---unless they've had it for 20 years already.
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I am kinda surprised to hear you got a partial loan on yours. Did not know that. Of course, I also think you had a higher chance of success with that strategy being a financial professional yourself. You have/had the discipline that others might not be able to maintain.
I actually know very few (you're the first I can think of actually) guys who have gotten any kind of loan for their hot rod. Interesting.