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Testing the water - might be selling my Indy
StevieB - 2/12/06 at 10:58 AM

I might have to sell my part built Indy - what do people reckon it'll be worth?

It's on it's wheels, apart from the calipers need reconditioning/fitting.

All donor parts included, 5JJ R1 engine fitted, all bodywork etc. Should just need wheels, lights and a few bits and pieces, as well as the actual assembly.

[Edited on 2/12/06 by StevieB]


donut - 2/12/06 at 11:07 AM

Why you selling?


StevieB - 2/12/06 at 11:09 AM

My wife's pregnant and I can't see a way I'm going to finish the car for a long time now, so might as well not have it torturing me that it's so close, yet so far from being on the road!


doughie - 2/12/06 at 11:12 AM

if you can store it, do that. lock the door and it'll be waiting till you have the time

will be worth more when completed


StevieB - 2/12/06 at 11:15 AM

I'd thought about that, but I've been planning this thing for 10 years, and I'd rather it just wasn't there anymore - it'll go in my memory box of things I don't like to think about, along with having to sell my Elise so we could buy our first house!


graememk - 2/12/06 at 11:42 AM

i'm not going to let you sell it, you have it now. its law you must finish it.


Jubal - 2/12/06 at 12:05 PM

quote:
Originally posted by StevieB
My wife's pregnant and I can't see a way I'm going to finish the car for a long time now, so might as well not have it torturing me that it's so close, yet so far from being on the road!


Don't take this the wrong way but I cannot understand why a pregnant wife means you cannot have your car? My little one is four months old and I agree there have been compromises but no real sacrifices. Babies sleep a lot you know. Having a project in the garage might be a good thing to fill the long evenings? I'd have gone mad if I hadn't had one or two major things other than the baby occupying my time.

But if you're dead set on selling then u2u me as someone I know who was in my car yesterday wants to buy one for himself.


StevieB - 2/12/06 at 12:08 PM

It's a financial thing - to finish it as I want to will need another £1500 - £2000. I'm just not going to have that sort of money anymore.

The wife wants to give up work and she probably won't give up spending!


graememk - 2/12/06 at 12:31 PM

sell your body for medical reserch on ebay. or a kidney


StevieB - 2/12/06 at 12:35 PM

Believe me, I'm doing everything possible - I'm even considering leaving my job and setting myself up as a freelancer (apart from the risk of not being in work, it's far more lucrative).

I'm not definately getting rid of the car yet - I just wondered what it would be worth as it is at the moment.


graememk - 2/12/06 at 12:41 PM

i paid 3k for a rolling car with 99% of the bits to finish, this inc the engine lsd and reconed brakes seats lights etc etc etc


StevieB - 2/12/06 at 12:43 PM

Christ - I was thinking of maybe £5

I've spent just over £6k on the parts I've got to date.

If it's only going to be worth that little, it's not worth selling when you take into account my losses.

Can I interest anyone in a kidney?


MAB - 2/12/06 at 12:53 PM

Where abouts in York are you?

There are 6 of us in Haxby/Wigginton with Kit cars!...

Regards, Mark


Guinness - 2/12/06 at 01:04 PM

Don't sell up Steve!

My little lad is 5 now and loves the kit car, we go out in it at weekends (cruising speed) when the wife is at work.

If there is one thing I've learnt since having kids is you spend a lot more time at home! I'd keep it in the garage, work on it a bit at a time, keep your eye on ebay for bargains and get it finished.

Then once it's finished if you really do need to sell it will be worth loads more as a finished SVA'd car rather than an abandoned project.

Just my 2p.

Mike


StevieB - 2/12/06 at 01:18 PM

That was my initial thought - get it finished and it'll be worth more if I need to sell it.

The problem is I'll be financially choked if I can't sort something out. I don't think selling my playstation 2 will be enough


Catpuss - 2/12/06 at 01:43 PM

Aye, keep it if you can. When my nipper came along it was really either sell the bike or give up beer. Well I gave up beer for quite a while (well appart from the occasional one or two).

Kit yourself with kiddies beds e.t.c from 2nd hand ads. We got a rather lovley cot that would have been a couple of hundred for about 50 and was still in perfect nick. Most wee nipper stuff seems to be made to last for 4 or 5 years but only gets used for 1 or two.

I bet with a bit of care you could at least save enough to get it throuh the SVA and then sell it complete if not keep it.

I would even consider setting asside 2 hrs a week for work on the car just for a bit of calm and sanity.

Don't scrimp on car seats mind. Like helmets, I always buy new.


StevieB - 2/12/06 at 01:58 PM

Don't get me wrong - it's not a case of how to pay the bills this month.

The major problem is that when the little scamp arrives, there'll be £500 a month in childcare to pay for, so the prospect of finishing becomes years away.


ch1ll1 - 2/12/06 at 02:33 PM

why not keep the baby and sell the wife?


graememk - 2/12/06 at 02:34 PM

500....wow thats alot i thought the mrs was giving up work


StevieB - 2/12/06 at 03:13 PM

No, she's has to go back to work because we cant afford for her not to. Problem us, we also can't afford the childcare if she does go back - catch 22


DIY Si - 2/12/06 at 04:02 PM

Would you be able to share time between work and the nipper? Ie maybe cut down on work a bit and save a fortune on child care? If you can risk going free lance would you be able to work from home and look after the nipper?
Even if you don't make loads of money, you'll save £500 a month, so has to worth thinking about.

[Edited on 2/12/06 by DIY Si]


StevieB - 2/12/06 at 04:45 PM

I can't really do that - going freelance would probably mean I'd be out of the house more - when people pay £300 a day for a service, they expect to see you all of the time!

The wife can't really cut down the hours in her job because, despite all legislation, she (ultimately) works for a guy who doesn't think part time/flexible hours is acceptable and would make her advancement through the firm difficult.

We've tried to encourage the mother in law to move to York, but she's far from convinced yet!


Catpuss - 2/12/06 at 04:45 PM

quote:
Originally posted by StevieB
Don't get me wrong - it's not a case of how to pay the bills this month.

The major problem is that when the little scamp arrives, there'll be £500 a month in childcare to pay for, so the prospect of finishing becomes years away.


Its also worth finding out if your work or her's have a voucher scheme. Usually these allow you to buy vouchers up front which give quite a tax saving on them.


DIY Si - 2/12/06 at 04:51 PM

Realisticaly, how much more a month could you earn going freelance? Would it be enough to cover the childcare?


StevieB - 2/12/06 at 05:34 PM

We can both get the childcare vouchers through work, which helps a hell of a lot.

Going freelance, I'd be able to take home about £1,000 per week I work. The risk is taking acount of weeks where you aren't working, which you need to account 2 months per year just in case.

I'm not really worried about general money, but I am worried about giving my child the best of everything I can - if that means the MK has to go, I'll just have to sell it and mope about it for the next 20 years!


andybod - 2/12/06 at 06:03 PM

live in eastern european nanny pay her peanuts washes cook's cleans etc might even be a bit of eye candy save £££££'s on child care and finish the mk wife might not be so keen though


Danozeman - 2/12/06 at 07:01 PM

quote:

My wife's pregnant and I can't see a way I'm going to finish the car for a long time now, so might as well not have it torturing me that it's so close, yet so far from being on the road!



Mate. My girl is 7 months old now and iv managed to keep my car, Youl loose loads if you sell it. I just spend when i have some spare. Youl finish it in the end..


Peteff - 2/12/06 at 07:26 PM

Send us the kid and the money, you can have him/her back at weekends


greggors84 - 2/12/06 at 07:45 PM

You will be lucky to get anywhere close to what you have spent on bits. Even when they are finished people only sell them for what they built them for. Its the way it seems to be at the moment.

I would say 3k with the R1 maybe a little bit more depending on specs of brakes, running gear and other bits.

This is just a rough guess though from what I have seen part finished cars to go for.


Catpuss - 2/12/06 at 08:56 PM

quote:
Originally posted by Peteff
Send us the kid and the money, you can have him/her back at weekends


SWMBO is a registered child minder. Trust me round the midlands they earn fsk all for what they do.


StevieB - 3/12/06 at 10:12 AM

We had been considering for Chief of Staff, Domestic Operations to register and look after a few kids to make staying at home a possibility - it'd have to be 3 kids at £25 a day though, and that's probably a big deal when you're trying to get used to having a child of your own for the first time!

The other option is her best friend (who is pregnant by about the same time - must have been a bad TV night in York!), who isn't going back to work, to register and look after my kid - that way I could still take advantage of the childcare vouchers through work.


zxrlocost - 3/12/06 at 11:24 AM

steve I have U2U'd you mate


DarrenW - 4/12/06 at 09:45 AM

Steve, everybodies circumstances are different. I too am one of those who managed to build the car whilst pregnancy (swimbo - not me!!!!) and young kids were abound. It wasnt easy but i managed. I opted for a cheaper power plant to try and kep individual costs down and then just spent pocket money when i could. It just took more research and time fabricating bits.

The build kept me sane. I was still near the house so available for those little domestic emergencies. Now have a car that my 4 yr old loves and i can enjoy as my little toy.

If you dont need the cash that the car would generate then i would vote to keep it and just slow the build down. You could always sell the bike engine kit and opt for something cheaper unless you have gone too far down the installation road. I know it wont be the same without the bike engine but at least you will still have something quick that not many others have. The problem with this site is too many others have the same cars so its nowt special to build one (perception etc). However in reality they are still rare and it is a huge achievement to build and drive your own car, conversely letting an unfinished one go is just too unbearable.


It kind of depends now if Chief of Staff is for or against the car. If for then the odd fiver here and there wont be noticed. If against a penny could spark WW3!


Hellfire - 4/12/06 at 12:44 PM

If I were you, I'd flog it all and start again some time in the future. If money and time is going to be a bit tight for the forseeable, you don't want to have cash tied up in parts to build a car. It could be a source of resentment and ultimately even percieved as a bit selfish IMO. Sell it off in bits and you may eventually get your money back. It will take longer but I reckon you'd lose a lot less than if you flogged it as a package.

I'd also wait a while before you go freelance, particularly if you've got a regular 9 to 5 and you're not working too far away. I think it's important to be close to home, particularly during the early years of your childs life. There's plenty of time to achieve your goals and ambitions and your salary can't be too bad already

Phil


pawgrp - 12/12/06 at 06:49 PM

Will u be able to claim working families tax credit to help towards child care?


StevieB - 13/12/06 at 08:01 PM

Pretty much not - you can get an assessment through the Inland Revenue website and iit came up with £74 a year allowance.

Both myself and my wife have had payrises since then too!

Not to worry though, got everything squared away so that I'll be able to keep my car, finish it in a reasonable time and give my pending little tyke all the best things that I can (which is the most important thing to me)

Panic over!


nick205 - 14/12/06 at 11:57 PM

I was in the same position this time last year - new house (mortgaged up to the limit) and baby on the way (born xmas day).

I decided to keep the car as it just wasn't worth selling it at that point. The new house, new baby and new mortgage have all slowed me down considerably, but then I wasn't going that quick before

At 2 months the nipper was sleeping through and I had a lot of evenings in, which lent themselves nicely to tinkering with the car. It's pretty much ready for SVA in Jan and then n the road for the spring.

Glad to hear you've worked it out and good luck with finishing it. Most of all best of luck with the impending arrival - hope all goes well for you, the wife and the bairn (it's an amazing time)


Zero 7 - 15/12/06 at 11:01 PM

I always find that I am still as skint weather I bought the thing i wanted or did not ... but sometimes I am as skint but with a kit car in the garage ... If that make sense.