Who has spent $30K or more on your $20K car
#1
Pro
Thread Starter
Who has spent $30K or more on your $20K car
I guess its the path traveled huh. But as you go and you add up the money you realise you have spent way more on your car than its worth. I did, but I love the results.
How about you?
How about you?
#2
Drifting
I think my car is worth about $25K. I got $50K (including the purchase) into it, I imagine. Mostly original 1968 L36 Roadster, originally Cordovan Maroon now black. I think the only option is AM/FM Stereo. It needs finishing; I am about to give it to my brother-in-law because he is so detail orientated. No stopping him.
#5
Melting Slicks
Member Since: Mar 2007
Location: Frederick Maryland
Posts: 2,100
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It's soooo easy to get upside down in a car and soooo fast it can happen. Rare is the person who can do so and turn a profit but if you're doing it for the love of he car and intend to keep it...have at it. It's your money and you won't hear criticism from me about it.
But...if you feel like all the money invested should be returned in resale, then don't expect me to bail you out of what you spent too much on. Not my job!
But...if you feel like all the money invested should be returned in resale, then don't expect me to bail you out of what you spent too much on. Not my job!
#6
Instructor
Guilty as charged, but I really don't care.
Like Roughrider said "doing it for the love of the car and intend to keep it...have at it. It's your money and you won't hear criticism from me about it."
Can't wait to the snow is gone so I can enjoy it.
Had the Motor, Tranny, Clutch, Power steering rebuilt as well as new DeWitts Radiator, engine and A/C harness and added Power brakes..
Like Roughrider said "doing it for the love of the car and intend to keep it...have at it. It's your money and you won't hear criticism from me about it."
Can't wait to the snow is gone so I can enjoy it.
Had the Motor, Tranny, Clutch, Power steering rebuilt as well as new DeWitts Radiator, engine and A/C harness and added Power brakes..
#7
Le Mans Master
Member Since: May 2008
Posts: 8,998
Received 2,698 Likes
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1,419 Posts
2022 C3 of the Year Finalist - Modified
My response goes like this. Yes, absolutely have spent more than I can sell it. No.1 - I have no plans to ever sell it, so the sale price is meaningless. Secondly, I will spend way less money than I could have on buying a NEW C7 Corvette, and I have a better car than any C7 Corvette. Yeah, thats right, my 1977 L48 is a better car in my opinion....i.e. put them both in a parking lot with keys in the ignition and a free pass to take either one, I will be driving the 77 away....So there!!! Ha!
#8
Pro
Thread Starter
Guilty as charged, but I really don't care.
Like Roughrider said "doing it for the love of the car and intend to keep it...have at it. It's your money and you won't hear criticism from me about it."
Can't wait to the snow is gone so I can enjoy it.
Had the Motor, Tranny, Clutch, Power steering rebuilt as well as new DeWitts Radiator, engine and A/C harness and added Power brakes..
Like Roughrider said "doing it for the love of the car and intend to keep it...have at it. It's your money and you won't hear criticism from me about it."
Can't wait to the snow is gone so I can enjoy it.
Had the Motor, Tranny, Clutch, Power steering rebuilt as well as new DeWitts Radiator, engine and A/C harness and added Power brakes..
#12
Safety Car
Yes, I have more into my car then it is worth, but how do you put a price on giggles and smiles.
#15
Burning Brakes
My response goes like this. Yes, absolutely have spent more than I can sell it. No.1 - I have no plans to ever sell it, so the sale price is meaningless. Secondly, I will spend way less money than I could have on buying a NEW C7 Corvette, and I have a better car than any C7 Corvette. Yeah, thats right, my 1977 L48 is a better car in my opinion....i.e. put them both in a parking lot with keys in the ignition and a free pass to take either one, I will be driving the 77 away....So there!!! Ha!
Now, a classic Mustang may be a closer competition, there is something special about that Ford, but still, it likely won't beat a C3.
#16
Le Mans Master
#17
Race Director
If you think you do this for return on investment think again.
#18
Race Director
Yup....I'm WAY upside down on my '74
And just added another $5000 to it on a crate engine.
So what - don't care! I love my car and have no intention of selling her.
At the end of your life, you regret what you didn't do more than what you did do.
And just added another $5000 to it on a crate engine.
So what - don't care! I love my car and have no intention of selling her.
At the end of your life, you regret what you didn't do more than what you did do.
#19
Terrorizing Orange Cones
#20