Topic: Value of parts car and the rationolization toward the 500$
Firstly I would like to introduce ourselves. Whe're a Canadian team based out of Ottawa. We're planning on running the 24 hours of Lemon in Detroit next fall.
This said we are planning a build a Lemon race that falls under the same categorie of insane builds as the Gnome project and the Frankenmiata. Where not quite ready yet to divulge our secret but lets just say that our project needs a few vehicles(and yes I didn't say cars) to make it happen. Here area few question concerning budget
Does the full price of the parts vehicle count towards the 500$ or only the estimated value of the parts?
From our understanding the donor car also fall under salvage rule which means we can recover our cost. Is this right?
Is there a limit on the total money can we recover from the vehicles?
Finally how does the exchange rate factor into the 500$ is it 500$ + exchange rate at time of purchase or time of racing?
I know it's alot of questions but right now where just trying to figure out exactly how to build this thing and how aggressive we have to be with selling parts off the donor vehicles.
Thanks for your help