Just bought a TBF car
#318
Three Wheelin'
Join Date: Feb 2004
Location: Jacksonville and sometimes St. Aug Beach, FL
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Very inspiring and you did all of this in less than 9 months....Fantastic! I know it hurts any resale to make public proclamations but it would be interesting to hear if you've financially quantified what you have put into this project.
#319
Rennlist Member
Thread Starter
As for the financials, it's a bit complicated because I ended up with quite a few parts that I plan to sell but have not yet. I have not even taken apart the TBF engine yet. So I'd say in general terms I've got 7-8k into it, and after selling the R2 heads, the seats that came out of it, and many other parts, I expect to have 6000 to 6500 into it. I've kept track of all costs, but not hours of labor.
If I decide to sell it, I will sell at what I think it's worth, reguardless of what I have into it, and will certainly try to make a few thousand for my labor. I didn't really take on the project to make a profit, although that was part of the motivaion. I really wanted to learn more about these cars and go deeper than I had with my 86.5, and know I would end up with something worth more than I had into it (excluding labor), and let's face it, sometimes working on these cars isn't work, it's a social event, and downright fun at times. I made several new friends working on this project, and now have some skills that will save me money in the future.
The white 88 project I recently bought is looking to be even better financially, since I got into it cheaper and it included almost 2k in NEW parts. Also the replacement engine was cheaper due to the 1/2 price sale at 928 Internal. I'll probably move slower on this one though.
#320
Burning Brakes
Join Date: May 2001
Location: Santa Cruz, California
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There is intrinsic value in wrenching on a 928, it almost always leads to the same or more bwaahhhh than before the wrenching. Accounting for labor cost for the diy'er is usually a lost cause, we always put more in than it's 'worth' on the market. I try to wait until I've forgotten about all the labor before I sell one of these beasts... which is why I have so @#$% many.
#321
I love to work on my car nearly as much as driving it. I've never gone as deep as you, I've got tremendous respect for your efforts. That takes a bit of sack. I make up projects just to work on the car, I think it's just good for the soul. You've done a beautiful job and have saved the car ,there's a lot to be proud of. Congratulations. Brian
#322
Under the Lift
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Yes. The belt should not stretch. It may "settle" a little, but if you rotated the engine a bunch times when you tensioned it initially then the tension should be stable.