Race Car Finance

[Racylady]

Anyone ever had finance for a race car and would/could recommend it?

[bikemonster]

Never had it, never heard of it, definitely would not recommend it.

A race car is a toy. Toy's need to be paid cash. Especially toys that might have other peoples' toys flung at them, or themselves flung at armco or walls.

[RacerMDR]

you say that......but sometimes time can be of the essense.

I financed my first race Caterham in the academy.........no problems.......I didn't get insurance for it either, but then my attitude to risk is slightly different to other people

Also - i've had loans for race cars......but generally only due to cashflow issues at beginning of year - know i'd pay it off within 12 months at worst, at best by start of the season

:-)

[belleair302]

Rule one regarding racing......unless you have the money in the bank and can afford to lose it don't go racing!

Rule two.....try and find somebody to help finance your passion!

Rule three.....never forget the value of marketing, sales, outside investors and friends when racing.

Rule four.....any media coverage is worth its weight in gold.

Rule five....enjoy yourself and work hard on race craft and qualifying!

[Scuffers]

belleair302 said:

Rule one regarding racing......unless you have the money in the bank and can afford to lose it don't go racing!

Second that statement!

I am gob-smacked at the number of people that ignore this very basic rule...

[RobinSherwood]

I haven't actually used them but were given their name by Aston Martin Racing

Robert Johnson
Classic & Sports Finance
[e-mail]
Tel: [phone]
Mob: [phone]

Hope that helps.

Robin

[PhillT]

RobinSherwood said:

Robert Johnson
Classic & Sports Finance

Heh. Robert Johnson, as in the famous blues musician that sold his soul to the devil in order to indulge his passion?
I hope the irony is not lost on those present.
http://en.wikipedia.org/wiki/Robert_Johnson_(music...