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10-27-2008, 02:48 PM | #1 |
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Whats the most money youve lost in a car?
We all know that cars is the meaning of Depreciated Value, but sometimes you end up spending (or wasting) lots of more money than you should've. Whats the most money you've ever lost in one car? Did you at least get to "enjoy" that loss by driving, racing the car for a couple of years?
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10-27-2008, 02:49 PM | #2 |
Post Whore!
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^^ I'm into my STi for about 26k
And right now it's a 3 thousand pound paperweight in my driveway.... but when it was running god was it the greatest car i've ever driven... |
10-27-2008, 03:22 PM | #3 |
Zilvia FREAK!
Join Date: Nov 2006
Location: South Fulton, TN
Age: 31
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i waisted 1800 for a mechanic to replace a headgasket. Then wreck the car about 3 months later.
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92 vert converted 5speed and other little things |
10-27-2008, 04:04 PM | #4 |
Zilvia Junkie
Join Date: Oct 2002
Location: Florida (formerly Yokohama, Japan)
Posts: 531
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/\ lol....$700 for power steering pump replacement + new Tires $1000, wrecked the car the next morning...
That was the end of the blue one...and the birth of the two-tone
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Marc - Yokohama, Japan |
10-27-2008, 04:15 PM | #5 |
Zilvia FREAK!
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$50k into a dedicated track car- saw about 2 seasons of driving before I parted it out and made back about $15k... So $35k loss. More including tires/maintenance/shit breaking. Sucks. You will never make your money back if you invest into old ass non-collectible cars.
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10-27-2008, 05:02 PM | #10 | |
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Quote:
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10-27-2008, 05:06 PM | #12 |
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well i didnt lose the car....but money spent on a system that i took out like 6 months later was some where in the 8k range. kind of a regret.
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10-28-2008, 01:20 AM | #15 |
Post Whore!
Join Date: Sep 2005
Location: beverly hills
Age: 86
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I spent around 12k in parts and the shell, building a civic for track use.
First track event I did in Streets of Willow, I blew the motor by mis-shifting. The cars been sitting in my driveway for the past 2-3 yrs since. Also have a 89 crx si I got some 9 yrs ago for 1,600. spent close to 5k in parts in repairs throughout the years, but I will say it has served me well. even did a few autoxs with it. the s14 I have right now got out of hand quick. suffice to say, I've finally learned my lesson. |
10-28-2008, 01:24 AM | #16 |
Post Whore!
Join Date: Sep 2005
Location: beverly hills
Age: 86
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agreed the STi is fun. It's a fabulous car. I had a '06 and was super happy with it. I was also surprised how comfortable the suspension with. It's so well balanced from the factory, I never felt the need to throw in parts. Well, maybe more supportive seats, but really I felt it was a very quick, reliable, and consistent car on the track, and a very comfortable daily driver. I've never understood why ppl feel the need to put so much $ in mods for the STi, unless for competitive racing and/or car shows.
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10-28-2008, 01:37 AM | #17 |
Nissanaholic!
Join Date: Nov 2004
Location: Alberta, Red Derp
Age: 40
Posts: 1,729
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broke even on 3, on writeoff, one good shell sale, and one bad project I scrapped.
I'm on my 4th 240, but 10th motorized wheeld machine
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10-28-2008, 05:03 AM | #18 |
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Put about 26k into my Silvia, got pissed at the car and junked it and prolly made like 7k back selling parts
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10-28-2008, 05:33 AM | #19 |
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Join Date: Apr 2006
Location: Milford, CT
Age: 36
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i like maybe 15k between 3 cars
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10-28-2008, 06:22 AM | #20 |
Zilvia FREAK!
Join Date: Jul 2008
Location: Seattle, Washington
Posts: 1,009
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Over $17k invested in my 1990 S13 Widebody Drift Project that was stolen from the body shop it was at. Insurance decided that it was only worth $600.
Good bye: Takata 5 point harnesses JDM DRFT whide body kit RB25DET 2 Bride ZETA III with Bride Rails 6 point roll cage Motegi Touge with BF Tires Greddy FMIC and Piping T25 Turbo sheet metal door panels lexan glass all around Snow Performance cooling unit fire suppression system KAAZ LSD Z32 hubs and rear axel the list goes on... If there is a next time for me with a build, I will have it appraised by a better insurance company and insure the hell out of it. Lesson learned. |
10-28-2008, 07:33 AM | #21 |
Post Whore!
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My car has holes in the floor because I took out the rubber plugs for weight reduction to go faster, and one time while I was driving a quarter fell out of my packet and through one of the holes, along with my favorite pen.
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10-28-2008, 07:48 AM | #22 | |
Post Whore!
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Quote:
but my car is being turned into a ultimate DD/ track car/ Show once in a blue.... |
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10-28-2008, 11:37 AM | #24 |
Zilvia FREAK!
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LOL not exactly a down payment on a house, not in LA for anything decent at least. Still hurts the home team when you actually sit down and add that kind of shit up.
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10-28-2008, 12:37 PM | #25 |
Nissanaholic!
Join Date: Mar 2005
Location: DC Metro Area
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I've never lost much of anything.
I guess when I bought my 2004 WRX new and then sold it 10 months later, I was out the down payment, or $1500. Otherwise I sold it for what I owed on it. I come out ahead on most of my cars. I like to buy fully-depreciated used cars, then I buy mostly used parts, and I always part back to stock when I'm done, so I tend to get full value I paid for everything. I also tend to only buy cars when I can get them for way way less than they're worth. My last DD, a 90 Mariner Blue NA6 with a hardtop, I scored for only $1200. When I sold it, I got $2100 for the car and $650 for the top. I basically got paid to own that car for 4 months.... I love cars, but not enough to lose any serious amount of money on the hobby. I seem to be able to enjoy it while breaking even or better, so I try to avoid sinking unrecoverable money into projects. My exception is the Ruckus, just because it's stupid cheap. I'm modifying that pretty extensively and I'll never get a dime back out of it, but that's fine. It's my only vice, lol.
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10-28-2008, 07:09 PM | #28 |
Post Whore!
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i once spent 2500 or so building a SICK CA18DET, then i brought it to the machine shop for final cleaning and assembly, meanwhile i lost interest and never went back to finish the work and claim it.
bought my first s13 for 700, did a tune up, threw on a really expensive muffler for fun, then filled it up with gas one morning 2 months later and then totalled the car on black ice. ive got about 10-12k into my current s13 that i am sure i will not see a penny back. whatever, its just part of the game. my dad is insane about resale price though, REFUSES to ever sell our civic becuase he has crashed it and blown the motor up SO many times and spent to many thousands of dollars fixing it that he considers it a huge loss to get rid of it.. the car is a PILE. but whatever i dont have to drive it. |
10-28-2008, 08:57 PM | #29 | |
Nissanaholic!
Join Date: Nov 2004
Location: Alberta, Red Derp
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Quote:
oh man My cousins are big Jaguar fans for some reason. They are in the same boat, but keep on driving them. Jag only lately has figured it out.
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10-28-2008, 10:15 PM | #30 |
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You realize that 35k is 10% of $350,000 right?? I dont know about you but there are some pretty nice houses that go for 350k and 10% is more than enough for a good down payment.... well regardless, that sucks that you lost that much, I really hope its given back to you in life in some kind of way
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