DE Budget - Rennlist - Porsche Discussion Forums

Notices
Racing & Drivers Education Forum Advertisement
Sponsored by:
Sponsored by:

DE Budget

Reply

Old 02-12-2018, 09:30 AM
  #1  
aryork
Addict
Rennlist Member
Thread Starter
 
aryork's Avatar
 
Join Date: Sep 2016
Location: where it gets hot in summer
Posts: 496
Default DE Budget

I'm still working negotiations with my wife on the upcoming season. Just wondering, have any of you added up the money you spend on a season? I'm trying for a modest three event season "ticket" and am thinking a $5k budget. She is very concerned that I have a "money is no object" type of attitude with the car, and I think a budget limit would help her agree. All events would be at VIR, so < 1.5 hour drive.

In round numbers, a $500 event fee & $500 insurance takes up $3k. Plus hotel, food, gas, brakes, tech inspections...
aryork is offline  
Reply With Quote
Old 02-12-2018, 09:52 AM
  #2  
CharleyH
Addict
Rennlist Member
 
CharleyH's Avatar
 
Join Date: Dec 2014
Posts: 268
Default

No! This question brakes the number one rule of racing....”Never add up what you are spending”.

Charley
CharleyH is offline  
Reply With Quote
Old 02-12-2018, 09:55 AM
  #3  
CDinSing
Addict
Rennlist Member
 
CDinSing's Avatar
 
Join Date: Jun 2012
Location: Melbourne, Florida
Posts: 444
Default

Are you including replacing tires in your total cost? I usually get 8 track days from a set of Cup2s and front pads on the GT3. Based on car and driving level and style you will use more or less. Also some tires last longer....
CDinSing is offline  
Reply With Quote
Old 02-12-2018, 10:03 AM
  #4  
LuigiVampa
Addict
Rennlist Member
 
LuigiVampa's Avatar
 
Join Date: Nov 2011
Location: Connecticut Valley Region
Posts: 8,552
Default

It is somewhat less expensive if you are just starting out. As a newbie you tend not to thrash your car around the track the same way an experienced driver might so wheels and brakes are used less.

Looking at your budget I think you are leaving about $1k for the car which may be a little light.

In my opinion you should do the maximum amount of events that you can do within your budget - whether that is two or three will depend on your burn rate. Everything can be smooth sailing or the stress of an event can bring out a problem with your car that requires repair. You just never know.

Lastly, while I never lie to my wife I just never discuss track costs with her. The retaliatory spending is bad enough and she has no idea of the true cost.
LuigiVampa is offline  
Reply With Quote
Old 02-12-2018, 10:03 AM
  #5  
aryork
Addict
Rennlist Member
Thread Starter
 
aryork's Avatar
 
Join Date: Sep 2016
Location: where it gets hot in summer
Posts: 496
Default

Originally Posted by CDinSing View Post
Are you including replacing tires in your total cost? I usually get 8 track days from a set of Cup2s and front pads on the GT3. Based on car and driving level and style you will use more or less. Also some tires last longer....
Dang, there goes my budget! Yes, I probably should include a set of tires (that's almost $2k, right?), although in theory, I would not burn out a whole set for six days, like you say. Same thing with rotors - could "amortize" those over two seasons (or more maybe). Sounds like $6k would be more realistic. I would have to do other things "off-budget" (if the government does it, why can't i?) like if I wanted a new seat or something like that. Or, maybe "safety" upgrades are automatically off-budget!

Charley H is right...this may be one of those questions that you don't ask if you don't want the wrong answer...
aryork is offline  
Reply With Quote
Old 02-12-2018, 10:06 AM
  #6  
aryork
Addict
Rennlist Member
Thread Starter
 
aryork's Avatar
 
Join Date: Sep 2016
Location: where it gets hot in summer
Posts: 496
Default

Originally Posted by LuigiVampa View Post
I.... The retaliatory spending is bad enough and she has no idea of the true cost.
LOL! "Retaliatory spending" is indeed a true concept. Never heard it put like that, but it is so true. My wife is very good at not spending tons of money on things, but if she goes into retaliatory mode, watch out!

I guess I was thinking if we got an agreed-to budget, we could avoid the retaliatory phase.
aryork is offline  
Reply With Quote
Old 02-12-2018, 10:20 AM
  #7  
cosm3os
Addict
Rennlist Member
 
cosm3os's Avatar
 
Join Date: Mar 2008
Posts: 681
Default

F no, I don't add it up! I don't want my future ex-wife's divorce lawyer to get his hands on that info. Or my kid to hate me because he can't afford to go to college!
cosm3os is offline  
Reply With Quote
Old 02-12-2018, 10:29 AM
  #8  
DTMiller
Addict
Rennlist Member
 
DTMiller's Avatar
 
Join Date: Feb 2013
Location: Fading...
Posts: 2,756
Default

Adding it up is why I now own a Miata. No insurance and I'll spend about $1500 on tires, oil, and brakes this year to run 25 days.
DTMiller is online now  
Reply With Quote
Old 02-12-2018, 10:34 AM
  #9  
zedcat
Addict
Rennlist Member
 
zedcat's Avatar
 
Join Date: Apr 2008
Posts: 1,251
Default

$1.5k per day all in.
zedcat is offline  
Reply With Quote
Old 02-12-2018, 10:36 AM
  #10  
Dr911
User
 
Dr911's Avatar
 
Join Date: Jan 2014
Posts: 786
Default

Adding cheer to an already dreary Monday ...B word post.....
Good grief Charlie Brown!

But since you asked....prepare for several international trips, sound systems, foolish hobbies to be counter offered in the negotiations. Since your spouse is of the fairer sex may I suggest you plan on jewelry, home remodels/ vacation homes as well.

Meaning $1200 per weekend not including tires/repairs/other consumables.

Good luck.
Dr911 is offline  
Reply With Quote
Old 02-12-2018, 10:42 AM
  #11  
PGas32
Addict
Rennlist Member
 
PGas32's Avatar
 
Join Date: Mar 2006
Location: Maryland
Posts: 208
Default

Originally Posted by cosm3os View Post
F no, I don't add it up! I don't want my future ex-wife's divorce lawyer to get his hands on that info. Or my kid to hate me because he can't afford to go to college!
This pretty much sums up this hobby for me!

OP, just wait til you get in really deep and you’re selling that fancy street car for a one-ton diesel and an enclosed trailer...and your standard unit of measure for any non track-related expense becomes ‘sets of tires’
PGas32 is offline  
Reply With Quote
Old 02-12-2018, 10:42 AM
  #12  
dgrobs
Addict
Rennlist Member
 
dgrobs's Avatar
 
Join Date: Apr 2017
Location: Somewhere in the Swamps of Jersey
Posts: 657
Default

Last season, I did about 35-40 track days, both DE's and open track days at my membership track.
I added up what I thought were all the expenses involved, including, but not limited to:

Registration fees, track insurance, travel miles (fuel), track fuel, lodging, food, beverage, trailer tires and maintenance, track car maintenance items (pads, rotors, tires, etc), mods to track car, tips for instructors, cigars, track snacks, Gatorade, etc etc. All in all, think I thought of pretty much everything, but I'm sure there are expenses I left out.
When all added together, I had spent about $38,000 total on the 35 to 40 track days. Again, this is TOTAL, every little thing I could think of.

I then realized, much to my surprise, that I was spending about $1000 per day total for every day on track.

Once I realized how much I was spending, I swore I would never tell my wife and kids what that number was. I still haven't. I am not lying to her. I am just not bringing it up, and she has never really asked.

One thing is for sure. I AM NOT taking anything away from my wife and kids (financially) with my track spending. Only my time, and that, in the end, may turn out to be the biggest expense of all.
Sorry CharleyH, I added it up. I think everybody should just to see how stupidly expensive this hobby really is. Will put other things in perspective.
To the OP, be open and honest with your wife, unless that will hurt you. In that case, lie like a rug!!
dgrobs is offline  
Reply With Quote
Old 02-12-2018, 10:44 AM
  #13  
multi21
Addict
Rennlist Member
 
multi21's Avatar
 
Join Date: Jul 2006
Posts: 9,182
Default

Originally Posted by aryork View Post
I'm still working negotiations with my wife
oh my... this should be good...

deny, deny, deny....

I know someone that would buy only RED P cars and keep them in his garage so his wife wouldn't know he had bought a new and upgraded one... She thought it was the same car for years...
multi21 is offline  
Reply With Quote
Old 02-12-2018, 11:57 AM
  #14  
LuigiVampa
Addict
Rennlist Member
 
LuigiVampa's Avatar
 
Join Date: Nov 2011
Location: Connecticut Valley Region
Posts: 8,552
Default

Wait until you decide to go racing - it makes DE look like its free!

Every race driver out there started off by saying "I'm just going to do a couple of events and stick with a budget!"

Remember a separate bank account or credit card, where the statements are only electronic, is in the best interest of your marriage.
LuigiVampa is offline  
Reply With Quote
Old 02-12-2018, 12:03 PM
  #15  
brownan
Addict
Rennlist Member
 
brownan's Avatar
 
Join Date: Mar 2004
Location: NYC
Posts: 738
Default

Never total the spreadsheet. That is my counsel.
brownan is offline  
Reply With Quote

Thread Tools
Search this Thread
Quick Reply: DE Budget


Contact Us Advertising Cookie Policy Privacy Statement Terms of Service

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: