Or, to put it more lightly, we underestimate the difficulty of a project car based on what we have seen online. This happens whenever someone with no experience in the field tackles a complex task with many variables.
Since this month is autoevolution's tuning month, you may have considered embarking on a project car of your own. That is understandable. Before you embark on the journey of a project car, you must consider the fact that it will be more expensive than the sum of the parts you want to buy. How expensive? The answer depends on each build and its final goal.
Mind you, if plans change during the project or just before it is completed. like if you decide to up the horsepower goal or something along those lines, the total cost of your build will be dramatically increased. It will also take you longer to complete that build if you ever manage to do so.
That is why you often see incomplete project cars for sale. The sad part is that it is wise to refrain from buying them if you want to complete the project unless your budget can handle doing everything again, as you cannot be sure of the quality of the work that has been done to the vehicle. It is a sad truth, but many see these incomplete projects as a shortcut when you are just helping someone else cut their losses short.
Just at the end of October, I was watching Rob Dahm's video about his four-rotor Mazda RX-7. The YouTube creator was explaining how his life was going before the pandemic and how he struggled financially while building a custom engine for his Mazda RX-7. I'm not going to ruin the story for you, so I suggest you watch it yourself.
Rob even offers some financial advice, so be sure to pay attention and learn from his experience. You should also learn from his example of motivation and understand the dedication needed to finish a project car.
Earlier this year, I decided to sell a project car. I bought almost two years ago, and it was meant to be used in hillclimb racing. My goal was to buy the cheapest car I could find that had a rollcage, registration papers, and no visible rust. Even though it took me a few years longer than I expected to find that project car, I had succeeded in that objective.
Unfortunately, I did not account for several other things. The first was the fact that I did not own the appropriate gear required for racing, while the second was the fact that I did not have enough money at the time to buy that equipment.
At the time, I figured out that if I'd buy all the personal protective equipment needed but couldn't afford to race, I would just watch the gear gather dust in my home.
The stupid part on my behalf was that I did not save money at the time, so I did not have enough money for equipment as time passed. With that in mind, I decided to cut my losses short and sell the vehicle.
I managed to sell it for exactly the amount I paid for it, so that part worked. Not as expected, but it did work.
I have not given up on my dream to race in hillclimb events, though. The point of this article is that it takes dedication and money to own and finish a project car.
Think things through, add up your estimated expenses, round them up to cover at least a part of unexpected costs, and once you have the money you think you need for it, you can start the search for your project car.