Budgeting for a Kit Car......
Discussion
I have been sat in the pub this afternoon discussing the possibilities of building a kit car jointly with a mate. We decided we could do it. I'm having a garage built in my back garden in the spring to house the focus, so sticking another one on the side to build the kit in wouldn't be a problem.
Aside from the garage, every other expense Car wise would be split 50/50. And if we don't have the money for a part, we don't buy it until we do.
We both like American Muscle Cars from the 60's era, so have decided on either a Cobra or a GT40. The cobra is the first choice because it has no roof, wind in hair, throbbing V8 under the bonnet
We're looking at the Gardner Douglass 427 Euro kit as the first choice, and fitting a Ford 427 V8 (
) This wasn't my idea, but if we can't get hold of a good one the 351 will do as a reasonable substitute.
The plan is to buy the Kit July/August/September time and build it over the winter to hopefully have it ready for next spring. Saving up as much money as we possibly can between now and then.
Obviously we need to budget but haven't clue where to start. Kit cost aside.
How much should be budgeted for the engine? SVA? Incidentals? Contingencey?
TIA
Stuart.
Aside from the garage, every other expense Car wise would be split 50/50. And if we don't have the money for a part, we don't buy it until we do.
We both like American Muscle Cars from the 60's era, so have decided on either a Cobra or a GT40. The cobra is the first choice because it has no roof, wind in hair, throbbing V8 under the bonnet
We're looking at the Gardner Douglass 427 Euro kit as the first choice, and fitting a Ford 427 V8 (
) This wasn't my idea, but if we can't get hold of a good one the 351 will do as a reasonable substitute. The plan is to buy the Kit July/August/September time and build it over the winter to hopefully have it ready for next spring. Saving up as much money as we possibly can between now and then.
Obviously we need to budget but haven't clue where to start. Kit cost aside.
How much should be budgeted for the engine? SVA? Incidentals? Contingencey?
TIA
Stuart.
When I say 'Budget', I don#t mean we are gonna set a price and not exceed it, if we were doing it on budget I dont think we would use the 427 engine for a start, it WILL need to be rebuilt. However, as we are in this together from start to finish, we need a rough Idea on how much it will cost us, even if it takes us 2 years or so to complete.
My mate is one of these people who believes that if your gonna do something, do it right. And NEVER Sticks to a budget.
My mate is one of these people who believes that if your gonna do something, do it right. And NEVER Sticks to a budget.
Cheers John.
I think my Welchia worm problem has resurfaced so I can't get the estimate, but at a rough guess we're looking at nearly £22k for this which seem WAY over the top for a kit car. We could buy a TVR Griffith for that money and still have enough for a Return trip to Australia. I think there is something slightly wrong there.
I think my Welchia worm problem has resurfaced so I can't get the estimate, but at a rough guess we're looking at nearly £22k for this which seem WAY over the top for a kit car. We could buy a TVR Griffith for that money and still have enough for a Return trip to Australia. I think there is something slightly wrong there.
Well, to be honest we were 'expecting' around 15K for the kit, but for some reason hadn't budgeted for the engine,
The budget works out as follows
£8500 for the chassis, which comes rolling as it will be the GD427Euro with there special suspension on it.
£8000 for the body, which includes everything else
£7000 MAX for the Engine and Gearbox. This money must either buy a new one or rebuild an old one but buy a new 'box.
So adding contingencies, SVA fees, it's slowly creeping up to the £25K mark.
It will take both of us nearly 2 years to earn that sort of money, so I think this project will be done in stages.
The budget works out as follows
£8500 for the chassis, which comes rolling as it will be the GD427Euro with there special suspension on it.
£8000 for the body, which includes everything else
£7000 MAX for the Engine and Gearbox. This money must either buy a new one or rebuild an old one but buy a new 'box.
So adding contingencies, SVA fees, it's slowly creeping up to the £25K mark.
It will take both of us nearly 2 years to earn that sort of money, so I think this project will be done in stages.
Well, sadly it's not really an issue anymore, after some further research, for the spec we are after, £25K is cutting it fine. costs could get as high a £30k and we can't afford to go that high at the mo. We decided right at the beginning we would build a Replica 427, not a Replica 427 with a 350 engine.
We have decided to leave the Cobra until we can both 'comfortably' afford to build the car to the Replica spec.
I on the other hand still want a project so am looking a various 7 kits, and may build one next winter.
I am thinking about the Quantum Extreme or a Tiger Avon. But am Open to any suggestions.
Again, unless it fits in my budget it will get done in stages and the gap between stages could be sometime.
We have decided to leave the Cobra until we can both 'comfortably' afford to build the car to the Replica spec.
I on the other hand still want a project so am looking a various 7 kits, and may build one next winter.
I am thinking about the Quantum Extreme or a Tiger Avon. But am Open to any suggestions.
Again, unless it fits in my budget it will get done in stages and the gap between stages could be sometime.
I think I would be one of those people who would shy away from a part-complete car. Particularly as a strip down and rebuild would be necessary. And it could end up that when the person put together what they have they bodged it quite a bit and buggered it up.
I'll keep my eyes on the classified in the Kit mags.
Are there any kits that I shouldn't go anywhere near in a part built form?
I'll keep my eyes on the classified in the Kit mags.
Are there any kits that I shouldn't go anywhere near in a part built form?
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