How did you build your car?

[46Tbird]

Don't use credit unless you have the money in the bank to cover it. Seriously!

And some of you guys still live at home with mommy? C'mon... nobody wants to watch their son become a manboy. Grow up and get a place of your own before shoveling every dime you can get ahold of on some poor car.

 

[Swarzkopf]

With my own money, and more importantly to me, with my own work. My car isn't that special, but I've done ALL the work to it myself, including the tuning, and I'm proud of that.

 

[06gtmustang]

Used parts in good condition from the for sale section, all the work done by me even if it's a learning experience, and using either extra cash or my cc to buy the parts without going crazy and maxing them out. Overall this has worked pretty well for me considering I don't make much being in the armed forces and just bought my first home at the age of 27.

 

[bw281]

All cash for my shit

 

[loots06]

I worked extra shifts and paid for most of my mods with cash. Only purchase I made with the CC was the supercharger 26k ago. I'm done with CC's, I have zero debit now. I still want to mod my car and treat the 6 year old car like its new. Sadly, I may sell my commuter car to help fund a down payment for a house which means my Sunday car will be my DD. Home prices on the California coast suck balls! I just keep reminding myself to work harder, million of people on welfare depend on me....WTF!

 

[Bobby]

I work a lot of over time (about 300-400 hrs a year) that is used for modding my car christmas and vacation. My normal money is used for regular bills. My wife doesnt know i spend as much as i do because from day one i put all the overtime in an account she can see and i am the only one that can use from that account. My dad told me to do that about the time we got engaged.

 

[GreenTerror]

First I waited for the car to be paid off before modding. Second I saved up for the mods before purchasing them. I sold my motorcycle to fund my supercharger install. I am a firm believer in not having any debt, I do have a mortgage, but other than that I'm debt free. I also paid off my student loans before buying any mods.

I personally like Dave Ramsey and his stuff. He's not going to make you mega rich, but he has a good plan for personal finance and getting out of debt. Your first priority should be to pay down all your debt, starting with highest interest like CC's. Then your second priority should be to build up your rainy day fund. Opinions differ on this but I think you should have enough saved to cover all expenses for 6 months. Once you get those things done you can live happy and spend wisely, modding, you will be much happier for it in the long run.

 

[Riptide]

Thats how Ive done things. Although I am guilty of dipping into the rainy day fund to pay cash for the car. The excuse was I can always dump the car to get quick cash if I needed it.

Building up the rainy day fund again before I mod the car.


Sent from my iPhone using Tapatwat

 

[NotQuik]

Paid the car off early first of all and all mods are cash. Items for my short block build and turbo or turbo kit are not listed in sig. I prefer to collect parts slowly over time, rather than owe on car parts. I'm not in a hurry with the car, so why hurry and put myself in debt? Besides, I have too many other hobbies/interests to leave all my eggs in one basket...

 

[Marc s]

When I was your age I drove a 69 Beatle. After getting out of the Air Force in 1988 I had enough to buy a 65 Cadillac for $200, lol. I didn't have the cash for a nice car until I was 27, bought a brand new 1993 Thunderbird. Wasn't able to get into a house until I was 28 and used my veterans benefits to afford it with a VA loan. Couldn't afford the Mustang until I was 42.

I'll take some of my hate back then. We all have our ideas of what is ok and what isn't and that was the point I was making. Unfortunately I did it at the expense of the OP and I'm sorry for that.

Bruce is right, we all have our stories.

Here is mine,

In 1981, while my parents were at work, I moved out when I was 17 years old. I had $300.00 to my name, lived in my 66 Ford truck, and didn't have a plan. At that time, I worked for free for a guy that match raced a top fuel funny car. He also owned a machine shop that did Boeing aerospace work. He told me as long as I finished school, he would pay me to work in his machine shop after school building billet propellers for unlimited hydroplanes. He also introduced me to a friend of his that was a Super Stock racer and was the general manager of the local Chrysler/Plymouth dealership. He gave me a night job cleaning the service department and re-stocking the parts shelves. Both of these jobs allowed me to finish school and make enough money to rent a condo. I was dead broke, lived on Top Roman, and drove a yellow 71 automatic Pinto. After I graduated, I kept those two jobs and applied for a government loan to go to welding school. I finished welding school and got a 3rd job building Funny Car chassis.

For years, I put hard work and education before all else. I had race cars but if I couldn't afford to build, repair, or race them, they sat parked.

In 1985, I bought a 1 year old house when I was 21 years old and paid 50% down for a new Ford 4x4 in 1986.

It took 15 years, but I worked my way up to executive VP of Caterpillar and played in the stock market too. I use credit cards to order parts and pay them off every month. My wife and I are in a good place but we got here ourselves through hard work, priorities, and not trying to keep up with the Jones.

 

[crownaviation]

Home prices on the California coast suck balls! I just keep reminding myself to work harder, million of people on welfare depend on me....WTF!

Lol.. big chunk of those folks are out there in CA, atleast the idiots voting to keep them in your loot. The bitch of it all is those people depending on your hard eaarned probably drive nicer shit that you too!!