How do you guys Finance your restore project

[sumfuncomet]

I have always sold one project after a year or two on the road.My fun is in the build.One problem is I have been w/o a cool ride for five years while my latest build is under construction.When I sold my last car I already knew what I wanted to do next I bought the car(63 comet) and then spent all the rest of the money immediately on trans,rear,suspension stuff ane wheels tires.that was 18k,I have put another 21k into it over the last five years but alittle at a time.I am self employed and have a little more latitude with my "paycheck" The MOST important thing is a realistic budget from the beggining,stick w/a plan,do a little work every week and picture the finished product.Good luck!!!!

[dogtag]

Sounds kinda weird but I've got 355K in my frame off. Wifie just wrote a check for it. Who am I to argue!
(She has a bunch of hay burners so she wanted to be fair)
DT

[thedugan]

Hey there are allot of people that have a ton of money and they like nice cars. Good for them.
There are some who don't so they need a budget or go in debt building it.

[XLexusTech]

Buy low sell High and lots of Bait and switch on the wife :-)

[skeeters65]

hard work and OT..

[MrQuick]

Stocks are down right now so im going back to the basics...Gun running, pyramid jobs, stripper managment, contract extermination and protection.....anyone looking for OLL's?

[bigvegan]

Lowered my expectations and learned how to work on rebuilding and customizing old road bicycles instead until my savings go way up and gas goes way down.

Advantages:
1. Parts are ridiculously cheap.
2. You can go as fast as you want on city streets without getting hassled by the cops (as long as you obey lights and stop signs).
3. You get a lot more exercise when you go for a ride on your bike than in your car.
4. You learn basic mechanical skills, and get to find out where the affordable powder-coaters / custom painters / etc. are.
5. The bike scene is just as social as the car scene, but with more single folks, which is a plus if you're a bachelor.
6. You get a similar sense of satisfaction in building up a cool custom vehicle to fit your own style, goals and budget.
7. MPG? They run on snacks, so you save on gas.

Disadvantages:
1. You don't have a cool hot rod / PT car.
2. Helmets look dorky, but you're stupid if you don't wear one.
3. You don't have a cool hot rod / PT car.
4. You're topping out at a speed that would make you miserably frustrated if you were in a car.
5. YOU DON'T HAVE A COOL HOT ROD / PT CAR!!!

Thank heaven for pro-touring.com.

[Jim Nilsen]

15yrs x $2,000 per year = $30,000 and an almost done car.

Big parts charged and paid for with overtime and I saved for others.

Then there is just times for a couple of years with job changes that no money was spent at all and no progress was made either.

I have learned that even if you have the cash it is better to put the parts on a charge card. It has advantages and disadantages. Being able to have the backing of the credit card companies paid off when there were problems with damaged parts delivered or the wrong ones . I have also gotten many 0% offers for a yr that made sense to buy the parts before price increases which I know saved me $$$ in the long run and gave me something to work with when I couldn't have saved that much money without everyone else in the house spending it for me. If you have the cash they will spend it and if you owe it they understand that it has to get paid. It's a hell of way to go and it takes a long time but in the end I have never worried about what I would do to come up with money if I had an emergency, I could always sell it and pay off the debt easily.

I am glad I have good insurance right now with this cancer thing and I am not selling the car unless I would not be able to physically finish it and/or drive it.

I have seen many cars get sold because of tragedy and debt that lost money to ever put myself there.

I also have taken a lot of flack for a long time because of the time it is taking me. A friend that hadn't seen the car for over 14 years just came by and couldn't believe how nice it is and how everything looks so new. The paint is now 8 years old and has never had to be washed with water, just dust it once in a while with the California duster and it is good to go. Final buffing will be done when the car is done. It's so close that I really can see the end. I am the only one who has ever worked on it and it is really tempting sometimes right now to pay for someone to help just get it finished. The details and wanting it to be perfect are challenging my acceptance to just get it done and driving and deal with the perfect details later. The problem with me is that I know that if I get it driving and they aren't perfectly done they may never get done like I want and other things will get worn and it will never be a totally new and finished car all at the same time.

I really like you guy's who tell me to just finish it and quit thinking about it so I can just enjoy it while Im still alive

[Wookie]

I build other folks cars and spend the profit money on mine...

[Smock67]

I save a bit but a majority of my purchases have gone through a credit card. I just turned 19 on the 4th of august and because of the money i've put on and paid off on my credit card my rating is phenomenal. I just got a new AAW wiring harness for my Firebird and that too is on my credit card. I don't suggest this for everyone but i have an extremely good interest rate and none of my items are hugely expensive.

I never put more on then i could pay of within two months. My limit on my card helps as well. My car is no where near done. I have paint that i did myself which is driver quality, new wiring soon, still need the top put on, and my interior was dyed black but is certainly needs a new one (rips and what not) but those things are easily done later on. I have a 5 year plan on this car lol.

[Vegas69]

My new license plate is going to say 401K. haha Seriously, I won't spend anything but cash on toys. While it's probably not the smartest decision to spend large amounts of cash on a car.....you only live once and for how long who the hell knows.

[syborg tt]

1. Work two jobs.
2. Have a understanding wife that makes good money.
3. Save for the parts you really want
4. Have Build Budget and stick to it ( that's a funny one )
5. Don't become friends with Famous Builder ( really bad idea )
6. Take your time - why does it have to be done in 1 year
7. Break your build down in stages
8. Never take your daily driver apart unless you have all of the parts in hand and ready to install.
9. Don't live above your means
10. Eat alot of Mexican food it's really cheap.
11. Don't drink or Smoke - Huge money savings
12. Don't buy a House with a Huge Mortgage Payment
13. Don't buy a Car with a Huge Car payment
14. Don't pretend you need the latest and greatest clothing style - T-Shirts & Jeans will alway's be in style ( just ask Bob )
15. Sell all of the junk you don't need to fund the next phase of your build.


and I am sure there are plenty more idea's that I am sure people can add to this list.

[StRacerDuke]

Lehman Stock

[sik68]

Be young and single!!!

[Yelcamino]

Be young and single!!!

Better yet, be a D.I.N.K.

[GBodyGMachine]

Better yet, be a D.I.N.K.

DINK?

[derekf]

DINK?

Dual income, no kids.

[MrQuick]

Lehman Stock

haaahaahaaa that hurts....buy buy buy

[monza]

Me, work your own business, insane hours, keep expanding, 20 years later get a $ toy... before that all my toys/builds just took time and spare change. Bottom line, hard work.

[Slow Ride]

my wife spends all of my money so I end up having to borrow to do my projects, at least then it gets a line in the "budget"