Ok, so I think I have this figured out, but I would like verification. So let's get started with the string of sales and trades to see what my starting budget is.
I recently sold my 2016 challenge car. My total budget for that car was $1762.69. I sold that car for $1500 and another car with A LOT of performance parts on it and stock spares. I then took all of the performance parts off of that car and replaced them with the stock spares. The roller car was then traded for another roller with some upgrades already installed. This is the car that I plan to challenge. Is my beginning budget now $262.96 with $0 recouped?
What was the recoup on the 2016 car?
my math is seeing 2016 car total and 2016 car recoup. Traded car coming in at those numbers and deducting from the $1500 till total recoup is $1000(maxed out).
you cannot recoup the full $1500 and you cannot really throw the 2016 car's recoup out the window either.
Patrick said:
What was the recoup on the 2016 car?
my math is seeing 2016 car total and 2016 car recoup. Traded car coming in at those numbers and deducting from the $1500 till total recoup is $1000(maxed out).
you cannot recoup the full $1500 and you cannot really throw the 2016 car's recoup out the window either.
Patrick, I dont know if I agree with all of what you are saying. I understand that I can only recoup $1000 in total. The recoup on the 2016 car wasn't very much, but I will have to look up exactly what it was. The recoup belongs to that car/that build. The net price of that car/build was $1762.69, so, sales and trades at that point would be based off of net price. If you buy a car at the challenge, do you inherit their old budget, or do you start all over with your new purchase price? The way I am seeing it, my recoup starts over as this is a new car/new build. I also see that my max recoup budget for the car I traded for is only $262.96, meaning I can't sell $500.00 worth of stuff off of the car because I do not have that much invested in it. The rest of my recoup budget will rely on buying parts lots and selling what I will not be using.
I suggest you email tom@grassrootsmotorsports.com so he gives an official ruling.
So car a was 17xx. Traded for $1500 and car b and parts. Car b was then traded for car c. Car c is the challenge car (do I have that all correct)?
The way I see it, is if you want the trades to count (which you probably do), then you need to put $17xx in budget and $1000 recouped, but then all the car c and all the parts still hanging around from the trading are all accounted for.
However, car a and car b also don't need to be in the budget at all, since they could be unrelated transactions. So if it is more beneficial, you could make an argument to start with fmv of car c which would then leave recoup empty again.
The rules specifically say if you buy an existing challenge car (for less than $2k) you can either elect to start with the old budget sheet, or start fresh with the $$ you paid.
Explain how it's not $762.69 with $1000 recouped.
In reply to Robbie :
I disagree with fmv of car c being a valid starting point. The rule is for "this E36 M3 has been in the garage for 20 years" not "here's a clear documented list of how things were traded to get car C but i want to recoup more so i fmv it and reset my recoup." That's not in the spirit of the event.
In reply to Patrick :
I appreciate the input, I am trying to figure all of this out. I sold my 2016 challenge car for basically all of the money I had in it. Car "B" was the boot put on top of that. Couldn't this equate to a parts bundle? I can see all sides to this. I pulled the nitrous kit off of car "A" before I sold it, so in actual cash dollars I am into car "C" for roughly $100.00. If this is what actual money I have in it, and worked good trades, why am I being hit with all of my recoup going away, or being penalized with a higher buy in price, that i dont actually have invested?
In reply to SaulGoode :
Because challenge math doesn't equal real world math. My Wartburg in real world dollars is below $2000, but I am over challenge budget because it was bought With enough parts I wasn't using that allowed me to recoup over $2000, only $1000 of which are challenge math eligible. I can't start my budget sheet at negative $1000 even though that's the reality as far as my wallet is concerned. Personal budget wise i can have it done and supercharged for under $2000, but challenge math says I cannot bring it because it's $3000 in challenge math.
I'm not trying to downplay your trading skills, but we're all playing by the same rules.
I started doing the math and at first I agreed with Mr. Saulgoode aka Destroyer of Hayabusas. Then I started seeing what the others are saying. I agree that Tom might be the best route.
Your budget is $762.69 with $1000 recouped.
In reply to Tom Suddard :
Very well, time to get started. Thank you.
