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How Much Is It Worth?

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Old Dec 19, 2003 | 05:44 PM
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Simon Tibbett's Avatar
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Default How Much Is It Worth?

Hey,

Ok I am just seeing how much I could get for my car. I posted it in the class. as well but figured here would be better, sorry R.J you can delete the other. It is:

1989 Honda Civic Std. 4spd
Tokico Illumina Struts
H&R Springs
Header
Paget Race Seat
New Bored Head
All new gaskets, seals, etc.
Fully gutted interior
Fuel Safe cell
Grant GT wheel
Fire extinguisher
Hood pins
Autometer RPM guage
Battery Cut off switch
5 Point Harness not hooked up.

Runs great, loud! I should have a lot more after Christmas, remember its not for sale I am just testing to see how much I could get, if the price is right I MIGHT sell to save for an F500 car . Remember the car does not have a cage yet, thats all it needs to be legal. Let me know I am interested. Have pics if needed.

Simon
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Old Dec 19, 2003 | 06:08 PM
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Default Re: How Much Is It Worth? (Simon Tibbett)

Simon, I hope this doesn't sound inconsiderate as I don't intend it that way but it basically has no real worth. As a "potential" ITC car, the sum of the parts you have would be the value at best - a 1 to 1 relationship minus the price of the tub. You would be hard pressed to convince someone that your time is worth any considerable amount of money, they could and most likely would do the same (i.e. realize their labor would be more cost effective). When a car begins to have value is when you have assembled a car that someone else either does not have the means or does not have the experience to build themselves. A car with what others recognize as a good cage, double adjustable and properly valved shocks for instance, ECU work, wheels (the correct ones for the application), a proven race motor with little time on it, a gearbox w/ what others deem as a good LSD, the right final drive - basically the things that you will spend a dollar on that they will buy for 60 cents from you.

Just my opinion of-course but I would advise a friend to pass on it, unless the price in sum was less or equal to what they could get a comparable tub. They, at best, would use some of the parts listed as backups, at worst, would be hard pressed to resell themselves.
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Old Dec 19, 2003 | 06:15 PM
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Wow. Lol, well I am fifteen and the car is not meant to be a competative car, I could have gotten $700 when it was broken down so I was just seeing, the shocks are adjustable, the motor has all new stuff basically. I am going to keep the car, I have spent WAY to much time on it and work, I have done everything on the car at home. Thanks for your input
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Old Dec 19, 2003 | 06:18 PM
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Default Re: How Much Is It Worth? (phat-S)

Yup - kind of a harsh lesson about the "value" of racing cars. I would add that it would be my somewhat educated recommendation that ITC is a better answer than F500 at this point in your career. Unless there is something unusual going on in your region, you are not going to get much "real racing" in an F500, in terms of building racecraft and car control. They have more stick than power and I don't recall ever seeing a pack of F500s (or 440s before them) duking it out on the track. Knowing what you have invested in the Civic, you are doing a REALLY good job of getting a workable racing car together on a budget: Finish it up and get some laps out there.

Kirk
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Old Dec 19, 2003 | 06:19 PM
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Default Re: (Simon Tibbett)

I mean you could look at it this way. If you sell it now, you will come as close to getting your money back as you ever will

Again, not the voice of authority, just an opinion.
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Old Dec 19, 2003 | 06:22 PM
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Yeah I will keep it, like Kirk said F500 does not have much competiton, the only reason I was thinking about it was how cheap you can race them, not win in one cheap but race it cheap, I will stick with the Civic, its looking good and is fun to drive. Thanks for the help!
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Old Dec 19, 2003 | 06:28 PM
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Default Re: (Simon Tibbett)

Sorry Simon but Phat is pretty much right. The car's biggest marketable value is as a daily driver utility status if you can shut it up some and the gutted interior won't help much. Not to slap it around but that model is not really much sought after, especially in racing circles to there is not a lot of inherent value there.

I certainly respect your labor but unless you are a name brand person who has a lot of respect for building good cars or unless the car has a proven race winning history, your own efforts are not worth much if anything so basically it is limited to the value of the used parts. If the car is built by Tom Fowler of OPM Motorsports or King Motorsports or someone like that, that is one thing but as regular joe doesn't do lot for raising value from his effort.

It sounds to me like the car's real value is that it should be a reliable training platform for a new driver who is ready to learn and needs a solid but unspectacular car to cut his teeth on and is not reflected in much of a dollar value. My humble beginnings of the first schools and races were in a tired Renault Encore Ex-Cup racecar. Nothing to write home about but it went vroom albeit slowly and I worked my way off the Novice Permit and earned the early seat time until I was ready to move on.

Hang onto it, don't spend to much money on the final track prep stuff and use it to start your driving in.
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Old Dec 19, 2003 | 06:37 PM
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Thats what I am doing and will continue to do, thanks!
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Old Dec 19, 2003 | 06:57 PM
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Default Re: (Simon Tibbett)

Also remember that the value of a race car will depend largely on its past success. In other words, winning races, especially things like the ARRC adds value. Your car isn't even logbooked, so you have exactly zero "frontrunner value."

What you could get for it as it sits right now???
$1500 maybe. I wouldn't give you that for it, but somebody might.
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Old Dec 19, 2003 | 06:58 PM
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True, also I have said this a lot but your Civic is the best looking ITC Civic out there!
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Old Dec 19, 2003 | 07:36 PM
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Default Re: (Simon Tibbett)

Thanks.
For the work thats gone into it, it ought to be.

Paint -> Automarx Paint and Body. Mark kicks ***.
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Old Dec 19, 2003 | 07:47 PM
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Default Re: (Catch 22)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Catch 22 &raquo;</TD></TR><TR><TD CLASS="quote">so you have exactly zero "frontrunner value."</TD></TR></TABLE>

ACTUALLY... those H&R springs that he has on the car were on MY '88 civic hatch which WON the local Street Mod Championship!

but simon... good luck w/ the racing, which ever path u deciede to go. you're only 15, so you've got plenty of time!
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Old Dec 20, 2003 | 05:08 AM
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Yeah and if its off Hunters cars I say the price goes up about what $1200 or so? Just kidding but thanks for the input, its final I will stay with the Civic, I am having fun and learning a lot building it and it will be a fun car to learn with. Thanks!
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Old Dec 20, 2003 | 05:15 AM
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Default Re: (Simon Tibbett)

*cough*kart*cough*

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Old Dec 20, 2003 | 05:19 AM
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I have raced karts for a while and still do a little bit but have settled down with them, I want to race cars
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