Brett_Murphy wrote:I have another question.
Let's say that like so many people on the board, contestant X has been collecting car parts for years and has a bunch of stuff laying around.
Realizing that part Y sitting in the back of the shed would be perfect, it is put on a challenge car. Contestant X has no idea how much the part was bought for 10 years ago, but he did buy it used.
Looking on Ebay, he finds that the same part is available for $100 used in very good condition, $250 new buy it now and that a used one with scratches on it sold last week for $75.
Am I correct in understanding that the part can budgeted into the build at $75 since his was used and has scratches on it?
Likewise, if a part like a turbo manifold is fabricated out of $10 of stainless steel, the budget on it is $10, even if purchasing a manifold at retail costs $500, right?
I've decided I'm going to build a Challenge car. It's going to be slow and take a couple of years, but it is going to happen.
You are 100% on the mark. Take Bryce and the n600 as the example to your second question. He bought a legit set of brand new Kirkeys to put in the car after challenge. Realizing he would have blown his budget clean out of the water on that build with those, he went ahead and got some scrap aluminum and fabricated his own set. Cost to him? Few bucks in scrap and some time.
Additionally, I have come to understand the FMV rule to be exactly as you state it. "what you can get a comparable version of it for". Someone correct me if i'm wrong, I'm having fun with these rules lol.
The whole "spirit of the event" is meant to showcase people making something from nothing. I remember a story a couple of years back where (the hongs maybe) bought a car, and ended up with a bunch of really sweet Password JDM parts. But since they had to FMV them, it would have put them over budget, so one of their more creative welders essentially clone the part. Cost to them? Whatever the steel was that they used. Solutions like that and the one that Bryce did are heavily encouraged, because it really is about who has the most skill/best thinking, not who can open their wallet the widest.
