ProDarwin wrote:My team and I participated in our first event, Capitol Offense, this past weekend. We had a fantastic time and can't wait for the next event.
We made the unfortunate newbie/idiot mistake of going through tech without our paperwork/receipts and ended up with an assessed value of $600, or 10 BS laps. I'm afraid our residual value may end up being something like $200 or so (motor is done). According to our budget spreadsheet/receipts, we've actually made a $377 profit on the car ,which would leave us $877 to spend.
Basically, I'm wondering if its possible to show up at the next event with the proper documentation and re-evaluate instead of being given a residual value. Has anyone run into a similar situation? Any suggestions?
Thanks for the help,
Travis
Sounds like a lot of hokey accounting. Heres the thing. You can buy a car for whatever, and sell everything you can off it but the most you can spend is $500. SO Say you buy a car for $1500, sell $2000 worth of stuff leaving you $500 in the green, that doesn't give you $1000 to spend, that gives you $500 to spend.
The judges don't look to kindly on trying to work the number system, IMHO its best to take your lumps to avoid a penalty, besides if your motor is toast Jay will likely assign you a low (like $100) or no value.
Thats your safest scenario to ensure you don't piss them off and get even more laps.
Tom Lomino - Proud to be a 23x Lemons Loser, 3x Class B, and 1x IOE Winner!
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