View Poll Results: How will the recent economic events change your plans for tracking your car??
No change in plans
90
51.43%
I'm going to cut my track time by 25-50%
46
26.29%
I'm going to cut my track time by 50%-75%
22
12.57%
I'm going to cut my track plans by 75%100%
9
5.14%
I'm out of the game (car is/will be for sale soon)
8
4.57%
Voters: 175. You may not vote on this poll
Has the economy changed your plans for tracking your car???
10-10-2008, 04:09 AM
#1
Rennlist Member
Thread Starter
Has the economy changed your plans for tracking your car???
Just thought I'd post a poll to summarize the views expressed in the other thread...
10-10-2008, 07:52 AM
#2
Not a topic that I wanted to discuss but it is impossible to ignore the financial meltdown.
Fortunately, the track season is starting to wind down anyway so I will probabaly miss one or two events that i would normally finish out the season with.
(Still going this weekend though !!)
Fortunately, the track season is starting to wind down anyway so I will probabaly miss one or two events that i would normally finish out the season with.
(Still going this weekend though !!)
10-10-2008, 09:01 AM
#4
Rennlist Member
I am racing this weekend with NASA and then the season is over here in the Midwest. Hopefully there will be improvement in the market and the economy by spring.
Mike
Mike
10-10-2008, 09:19 AM
#5
Rennlist Member
I do not know as yet how the economy will effect me. I maybe in denial but I hope that it bypasses my industry to some extent. I am in the oil field and it needed to slow down some.
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10-10-2008, 10:17 AM
#8
Drifting
Hell no. I want to buy a 20 foot trailer to haul my car and live into year round with my wife and kid. This will allow me to get ride of horrific housing costs and therefore free some cash to keep racing.
10-10-2008, 10:56 AM
#10
Burning Brakes
I am in the buying mode, I think the stock market is truly way oversold and it may continue couple of more days (weeks?), then it will start going up and hopefully start financing my tracking needs. But it is all a gamble at the end, I don't think anyone knows.
10-10-2008, 10:57 AM
#11
Drifting
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Of course, it's not the track time itself that hurts. It's a cost of expendibles (tires, brakes, etc.) and inevitable bigger ticket repairs.
My gradual growth in the DE world (with hopes of racing) was deferred many years as I raised my family and accumulated what I thought was sufficient wealth to justify totally frivolous spending on a car, parts, etc. Given that the "sufficient wealth" is now 1/3 less than it was a few months ago, I have to consider whether track days are a proper use of funds. A few hundred bucks is not a big deal, but if I were to blow a clutch or spin a bearing, it would seem wrong to throw money at fixing a toy.
Of course, it's not the track time itself that hurts. It's a cost of expendibles (tires, brakes, etc.) and inevitable bigger ticket repairs.
My gradual growth in the DE world (with hopes of racing) was deferred many years as I raised my family and accumulated what I thought was sufficient wealth to justify totally frivolous spending on a car, parts, etc. Given that the "sufficient wealth" is now 1/3 less than it was a few months ago, I have to consider whether track days are a proper use of funds. A few hundred bucks is not a big deal, but if I were to blow a clutch or spin a bearing, it would seem wrong to throw money at fixing a toy.
Last edited by Potomac-Greg; 10-10-2008 at 06:04 PM.
10-10-2008, 11:36 AM
#12
Rennlist Member
I opted out of Daytona and am glad I did. Sales are slow right now, luckily I have a backlog of orders I can get to when it gets slow like this. I just hope people have the money to buy the things they have been waiting for.
10-10-2008, 11:44 AM
#13
Race Director
Not yet, but I was already on tight budget. For me being an Employee means the only losses from the economy right now are on paper. Home Equity and 401k. Neither of which were use for racing budget. So no changes for me. Actuall gas prices would have bigger impact since that is a direct hit on operating costs due to towing.
It may have an impact in 2009. Hard to say as if I get layed off racing will stop, but that would be the case in any economy. The biggest impact to me may be if other racers fail to race because of it. I do now some fellow racers who are worried about this.
It may have an impact in 2009. Hard to say as if I get layed off racing will stop, but that would be the case in any economy. The biggest impact to me may be if other racers fail to race because of it. I do now some fellow racers who are worried about this.
10-10-2008, 01:09 PM
#14
Addict
Lifetime Rennlist
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Mark has hit on what the current issue is for many people.....confidence in being able to replace dollars spent today with income/appreciation tomorrow. As long as that confidence remains low, so will spending.
10-10-2008, 02:46 PM
#15
Race Car
nope, hasn't changed my plans. hell, diesel is a dollar cheaper per gallon now than it was 3 months ago when I towed 5 hours one way. i can race even more 