Topic: Residual Value?

Hello,

We bought a car from someone that was a previous Lemons car for $200 + safety gear:

http://cache.gawkerassets.com/assets/im … -500px.jpg

Pretty much like that one. Actually, exactly that one. We need to put a new engine in it, but we don't know which rule applies: Is it a $200 car, or does it have 'residual value' from the previous race (The owner said they laughed, and didn't assign him any.).

It's a '81 Plymouth Sapporo btw.

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2011 B.F.E. GP "I got screwed award." --  Not Quite Spec Sapporo Specialist.

Re: Residual Value?

You bought it for $200, I'd say that's the value. Unless you do some major modifying, I don't see you getting much flack at BS.

3 (edited by RichVS 2011-04-08 03:03 PM)

Re: Residual Value?

1. $200 is about the best you can hope to get for a residual on that.  That gives you $300 for a motor, or an unwise motor/trans swap.  You can do it.

2. Try getting greedy and email Jay reminding him about the flywheel being welded to the crank in a heroic fix attempt.  You might get a residual greater than $200 though.  I wouldn't chance it.

3. Or, don't worry so much about  the $ and install a sensible slant six or PRV from the U Pull and Pay.  FWIW, there was a Sapporo at Western Auto Recycling on Federal a couple months ago, there's a chance it might still be there?

Brrrrrrrrrrrrrrrrrrr.

Re: Residual Value?

RichVS wrote:

3. Or, don't worry so much about  the $ and install a sensible slant six or PRV from the U Pull and Pay.  FWIW, there was a Sapporo at Western Auto Recycling on Federal a couple months ago, there's a chance it might still be there?

Was going to hit the junkyard and see what I can dig up. Thanks for the tip!

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2011 B.F.E. GP "I got screwed award." --  Not Quite Spec Sapporo Specialist.

Re: Residual Value?

$200 for a Sapporo? i think you overpaid

Yee-Haw 2010 "Most Heroic Fix" & "I Got Screwed" -2 trophies for 1 lap, but I took checkered on my lap.
Gator-O-Rama 2012 "Organizers Choice" -2 laps 1 trophy, but i still finished ahead of an E30
Yee-Haw 2013 No trophy -26 laps, I think I see a pattern here
Gator-O-Rama 2014 "Waiting for the Last Minute Call from the Governor Award" -who's counting? John

Re: Residual Value?

Hoonatic Racing wrote:

$200 for a Sapporo? i think you overpaid

Sir, you insult our fine automobile. Where you aware it came with a full set of vinyl decals, and a cup holder before making that remark?

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2011 B.F.E. GP "I got screwed award." --  Not Quite Spec Sapporo Specialist.

Re: Residual Value?

breckster wrote:
Hoonatic Racing wrote:

$200 for a Sapporo? i think you overpaid

Sir, you insult our fine automobile. Where you aware it came with a full set of vinyl decals, and a cup holder before making that remark?

given the semi-classic nature of the vehicle...

Yee-Haw 2010 "Most Heroic Fix" & "I Got Screwed" -2 trophies for 1 lap, but I took checkered on my lap.
Gator-O-Rama 2012 "Organizers Choice" -2 laps 1 trophy, but i still finished ahead of an E30
Yee-Haw 2013 No trophy -26 laps, I think I see a pattern here
Gator-O-Rama 2014 "Waiting for the Last Minute Call from the Governor Award" -who's counting? John

Re: Residual Value?

breckster wrote:
Hoonatic Racing wrote:

$200 for a Sapporo? i think you overpaid

Sir, you insult our fine automobile. Where you aware it came with a full set of vinyl decals, and a cup holder before making that remark?

Lucky bastard...  Someone removed all the cupholders from our car, I had no place for my Big Gulp last race.  I'm hoping we can get the AC working for next time, those summer races in Texas can get quite warm.

Pucker Factor Racing - Gator-O-Rama, Feb '11, Yee-Haw It's Lemons Texas!, Oct '11
Scuderia Ignorante - Yee-Haw, It's Lemons Texas, Feb '12 (As seen in Car & Driver), Gator-O-Rama, Sept '13

Re: Residual Value?

you guys are not nice.

Rally Baby 87 Audi 4KQ, Audi 90 Quattro Coupe, 1975 Mercedes R107, 87 E30s, E36s, the Whorenet, Rocco...
J. Phil: "Audis Never Win".  He might be right.But!, the K Dominates 2013 NJ and NH (not, but...). 
Stafford 2011 podium, 2nd NJMP 2013, Summit Point 2012 "WV ASSimilation award"
NJMP 2012 Organizer's Choice - R107, 2013 Monticello IOE Whorenet ! Organizers, CMP fall 2013 w/NSF

10

Re: Residual Value?

Mike C. wrote:

you guys are not nice.

Here's the nice:

You paid 200 dollars for a car that may very well be "good enough" to pass tech.  The car is free in my opinion if the cage is good.  Just get it running without a cheaty engine and don't use a bunch of new parts and you'll be fine.

The judges love to see home made engine and go fast parts.  Spend a bunch of duckies on suspension and you'll see the evil side of Lemons.    Do Not skimp on safety items. 


Most of all have fun and create something that you are semi proud of.

b

This space for rent.

Re: Residual Value?

NSF wrote:
Mike C. wrote:

you guys are not nice.

Here's the nice:

You paid 200 dollars for a car that may very well be "good enough" to pass tech.  The car is free in my opinion if the cage is good.  Just get it running without a cheaty engine and don't use a bunch of new parts and you'll be fine.

The judges love to see home made engine and go fast parts.  Spend a bunch of duckies on suspension and you'll see the evil side of Lemons.    Do Not skimp on safety items. 


Most of all have fun and create something that you are semi proud of.

b

Just a note, replace "You" with "They".... I don't know Mike the best of my knowledge, nor do my team. Thanks!

And we plan to "cheat" with all the amazing horsepower whatever 2.6 DSM engine the junkyard can give us for about $200. We are looking at ghetto lowering it if we can... the damn thing is high enough to do the limbo under. Maybe a little weight in the back. Other than that, hoping it holds together.

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2011 B.F.E. GP "I got screwed award." --  Not Quite Spec Sapporo Specialist.