How do people generate enough money to create this???

"RotaryLover" (rotarylover) 10/16/2013 at 18:30 • Filed to: None

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I see theses gorgeous tuner cars, muscle cars, hot rods and such and I wonder, how the hell can they pay that much money to create theses and live properly? Is there a trick that I'm not aware or something? I'm trying myself but so far I'm failing and I think I got a good job with a good pay, enough to make something like this. Why can't I?

Volvosaurus-Rex > RotaryLover 10/16/2013 at 18:33

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Some people buy Ferraris, some build a custom RX7. Are you confused about how anyone has the cash to buy a Ferrari too?

Chris_K_F drives an FR-Slow > RotaryLover 10/16/2013 at 18:35

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IDROVEAPICKUPTRUCK > RotaryLover 10/16/2013 at 18:35

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If they're owned by a shop then they get a lot of the parts for free, and then it's just labor. If they're owned by an enthusiast then they might do the labor themselves and only have to pay for parts. But also remember even a super high end tuner car might cost like $80k, and thats a lot of money, but people buy M5s and high end german cars for that much money every day.

SubiSanchez > RotaryLover 10/16/2013 at 18:36

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I think the secret may be in that these people may not exactly "live properly" i.e. buy a part or parts and eat Top Ramen till the next paycheck. Either that or I assume these people make tons more money than I do

RotaryLover > Volvosaurus-Rex 10/16/2013 at 18:36

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Not really, but when I see some cars and all the money they pour into them and see that they are mechanics, I wonder why I can't create this.

RotaryLover > Chris_K_F drives an FR-Slow 10/16/2013 at 18:37

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oh god...hahahahahhahahaha!

Cloud81918 > RotaryLover 10/16/2013 at 18:38

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As my mom always says, "Anyone car get into debt". Some of them a credit card hotrods, or just plain bad investments.

For others their owners spend a lot of time to make them. My project car is 6 years in the making. Figure $200-300 or so a month into it (some months more, some less). It isn't amazing, but it is getting better all the time. I don't think it wil ever be magizine quality though (thought some mag quality cars are thrown together crap).

Also some of them are shop cars, which helps in a lot of ways. They still are expensive, but can be built with parts at wholesale or less. They also can take up slack hours and parts at the shop.

Sparf > Chris_K_F drives an FR-Slow 10/16/2013 at 18:38

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Is... Is that Shia LaBeouf with a mustache and a wig?

Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. > RotaryLover 10/16/2013 at 18:39

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Well, I have a friend that own some kind of Vegetable Oil buisness. And he always have money for ruin cars.

You know, Chrysler 300C with gazziliion inch rims, Stanced S2K, Turbocharged Camry, Donked Cadillac, etc.

And somehow he still have money to spend on Jaguar XF Sportbrake as his family hauler and live properly.

Chris_K_F drives an FR-Slow > Sparf 10/16/2013 at 18:39

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Magical, isn't it? ;)

scoob > RotaryLover 10/16/2013 at 18:40

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I knew a guy from another forum and he had an Evo VIII. Said his parents regularly gave him some money and he used it to mod the whole damn thing. Didn't like his Recaro bucket seats, got new Brides. Same for the wheels, etc.

davedave1111 > RotaryLover 10/16/2013 at 18:40

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Some of them get built for rich clients. Some get built for marketing reasons, so are tax deductible. Some get built by successful tuners. And some get built by people who sleep on the floor at work and eat beans on toast every day, so they can put every penny into the car.

Casper > RotaryLover 10/16/2013 at 18:40

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I wondered the same thing until I sank a small fortune into my car. It's one of those things where it takes so long to build the thing you have a ton of time to buy parts, which means as cash comes into your hands it leaves just as fast. The problem is that buying a new car is easy, because you can finance it. Building a car is a completely different deal.

It takes a lot of saving. You can't operate on credit if you hope to keep the car. It's all about not buying random crap, not having debt you have to service, not wasting money going out a lot, and have plans written down about what you want. A lot of the people you see with awesome cars don't really own them and end up having to give them up at a massive loss just to avoid going bankrupt over credit card debt.

Chris_K_F drives an FR-Slow > Casper 10/16/2013 at 18:44

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I keep meaning to save for a project rallycross or drift car. But I end up spending my money on a fishing kayak, rock climbing/camping gear, and traveling. Also trying to save up and build a PC so I can play iRacing too. Why must I have so many hobbies/interests?!

maximillious > RotaryLover 10/16/2013 at 18:45

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A lot of these cars are done by tuning shops. Obviously there will be people out there who do this themselves... and they either have money or their Priorities are set right. but from what i have read in a lot of street tuner and modified mags a lot of these cars come from shops that build them to show off their shit.... I used a lot a lot

Casper > Chris_K_F drives an FR-Slow 10/16/2013 at 18:48

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Yep. It's hard to juggle and far too many people get impatient and buy it on debt only to realize half way through they had half the funds needed and give up.

Autocross, rallycross, drift cars, etc, are nice because they can be cheap. You can be extremely competitive for a few grand. My previous 240Z was a full autocross car, and dominated it's class locally. Grand total it was about $4000. The problem is that usually people get sucked into wanting new seats, cool wheels, etc, that has nothing to do with racing the car, but drains their money in a hurry.

I outline everything I want to do to the car. Then I break them into groups by wants and needs. Then I break down those need parts into premium and knock off/second hand options so that I have a minimum and maximum required expense. Then I go item by item looking at how it will work with all the other parts, research other opinions, and price checking. Once the whole list is done, I break it into phases as required by supporting mods. For instance I can do a lot of work, but it's not worth doing a turbo upgrade until I have an EMS capable of tuning to the level it needs. That means I should also upgrade injectors and fuel pump. I will also have to do down pipe and exhaust manifold to match the new turbo. Then there is oil capacity/cooling, water capacity/cooling, etc. The entire list needs to be known to even ballpark a price. Then add 20%.

Volvosaurus-Rex > RotaryLover 10/16/2013 at 18:48

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Doing most of the labor yourself is a good start. Also, most of these cars are built over years, not months, unless it's just someone with pockets as deep as their imagination.

Chris_K_F drives an FR-Slow > Casper 10/16/2013 at 18:50

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Yep. I think the PC will come before the car, mainly because I'm still in an apartment. Could have a project car, but it's difficult with the current living arrangement. Soon though... soon.

UserNotFound > RotaryLover 10/16/2013 at 18:57

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Drugs.

RotaryLover > UserNotFound 10/16/2013 at 19:00

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RotaryLover > scoob 10/16/2013 at 19:01

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That's just wrong imo...

deekster_caddy > RotaryLover 10/16/2013 at 19:03

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I often wonder the same thing. I have enough trouble coming up with enough money to pay the mortgage and feed my family. It feels like racing is only something for the super rich. I mean, I'm not broke, but anything beyond the occasional street night at the local dragstrip is just out of the budget. Then I see people who I KNOW have less than I do spending weeks at Disney World and I'm like WTF Hello? What am I doing wrong?

RotaryLover > Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. 10/16/2013 at 19:03

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Hum...vegetable oil huh.

RotaryLover > deekster_caddy 10/16/2013 at 19:14

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EXACTLY!!! I got friends driving a 2002 M3 and a nicely build up Rx7 FC and both with winter beaters. They have much less money than me, yet they have the time of their life. Me I'm just sitting here barely making it some weeks having a Miata and the 3 that I don't pay much per month. I'm jealous...

Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. > RotaryLover 10/16/2013 at 19:15

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Yep.
And I don't really like his creations. But he's quite a nice guy.

RotaryLover > Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. 10/16/2013 at 19:21

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We need pics!

MooseKnuckles > RotaryLover 10/16/2013 at 19:37

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Save $400 a month, automatic withdraws from your main chequing account into a savings account. Forget about the savings account, for like 2 years.

Here's a story, that's how I bought my first car, except I was doing $1,000 biweekly into a savings account. I would never check that account or try to keep track of how much was going into it. I just picked a day well down the road that I would finally access it. On top of that, any *extra* cash I had at the end of every month went into a separate savings account (if I put it in the same account I would have to access it and see the balance.. Tricked myself!), I maintained $1k balance in my chequing account, anything else got moved. I did that for 11 months-I had been driving our old family farm truck since I was 17 (300,000km reg cab rwd silverado, not worth a dime). I think I had around $25,000-27,000 after 11 months
Since I had been accustom to going about my life with 30-40% my salary. [Note: I was living at home btw, working 60-70hr weeks killing it with overtime even though I was only make $13/hr regular.] I kept saving similarly after I had bought a car. Which lasted until University, and the savings were gone by second year lol.

At 20 years old, driving a 2 year old CTS 3.6 that looked like it had just rolled out of the factory, people always asked how I bought it. Instead of explaining all that like a tool-bag, I just said "hard work" and let them keep thinking exactly what their initial assumptions were: mommy and daddy bought it for me. I didn't care, in the grand scheme it is an ok car, for a kid's first car it is pretty great, but I never once made a big deal or mentioned what I owned. My friends new what it took, and they would correct the haters and shit talkers. I had been dating a girl over a year before I realized she thought my parents paid for it too.

Bottom line, trick yourself into saving money.

RotaryLover > MooseKnuckles 10/16/2013 at 19:45

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Good advise. I think I'm gonna start now.

Aya, Almost Has A Cosmo With Toyota Engine Owned by a BMW. > RotaryLover 10/16/2013 at 19:51

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Well, I once put his 300C in here. I'll put more when I met him.

Casper > Chris_K_F drives an FR-Slow 10/16/2013 at 19:53

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Yes. It was EXTREMELY hard to have my autocross car at an apartment. Generally it means you have to double duty the vehicle and when you break it they frown on people with jack stands working in the parking lot ;)

IDROVEAPICKUPTRUCK > RotaryLover 10/16/2013 at 19:54

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Do they have kids and a wife? If you're single without kids then you have a lot more disposable income to spend on cars.

Chris_K_F drives an FR-Slow > Casper 10/16/2013 at 19:55

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Well, my apartment wouldn't be too bad as long as I got a trailer. There are people who keep jet skis and what not on trailers, so I figure a car wouldn't upset them too much. My DD is an '05 4Runner, so I could move the car whenever and there are plenty of open non-covered spaces. Money is the biggest issue, of course lol

RotaryLover > IDROVEAPICKUPTRUCK 10/16/2013 at 20:00

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Nope and neither do I.

Casper > Chris_K_F drives an FR-Slow 10/16/2013 at 20:04

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Yeah, and hopefully no one hooks up and steal the car and trailer ;) At my apartments I had back in the day I know they didn't like people doing anything on cars at all, even from the top side.

BJ > MooseKnuckles 10/16/2013 at 20:17

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This is great advice. Similar advice: never stop making car payments. As soon as you pay it off, set up an automatic withdrawl in your savings account for the same amount (or something similar) and then forget about it. The next time you need to fix your car, want to buy a set of wheels, or get your windows smashed by hooligans, the money will be sitting there, waiting. You can also use it to pay your insurance in one shot, instead of doing monthly payments. But however you use it, it's amazing how fast that money piles up.

MtrRider Just Wants Doritos > RotaryLover 10/16/2013 at 20:57

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It might be hard to believe, but most of the millionaires in this country are self made small business owners. If you want to get rich, start a successful business.

thebigbossyboss > RotaryLover 10/16/2013 at 22:49

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They probably don;t live in Quebec for starters. TROLLLLOLOLOL>

RotaryLover > thebigbossyboss 10/16/2013 at 23:04

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Must. Not. Feed. Troll. uhhhhhhHbahhhananaj!!!!

JasonStern911 > Casper 10/16/2013 at 23:21

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Great analysis. The only thing I have to add is that you have to willing to work on a car in addition to just driving a car. Depending on circumstances, having down time on a car may or may not be acceptable, especially if your family/social life/job makes it difficult to find time to work on it.

Casper > JasonStern911 10/16/2013 at 23:32

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Generally true, but it's possible to build a car that is reliable and potent. It's all in the planning and design. For instance my Z is getting more than double the factory power output, but will be even more reliable. Thanks to using tested parts, a lot of planning, and over engineering of systems, it will be very reliable. There will certainly be some self tinkering though.

It all depends on setting goals and being realistic. I had very specific plans up front and knew I would work to keep the car reliable. In order to do that I will have to leave power on the table and play a few things safe. Even so, I have backup vehicles so I don't have to worry too much.

Ferrero1911 > deekster_caddy 10/17/2013 at 00:34

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Just because people spend money on vacations doesn't mean that they actually have the money to spend. The difference is credit. Many people use it irresponsibly, and I've found the people I know who do things like that also have a debt problem.