Golin Posted April 27, 2010 Share Posted April 27, 2010 Well I completed Step 1 a couple weeks ago when I managed to sell the Speed3 out of the driveway to free up capital. Now I've just completed Step 2 in getting approved for a loan on a used E36 for Spec 3 racing. So I am no officially in the market. Exciting time this. I'd love to be ready to go Spec 3 racing with laze1 in the Southeast come February of next year, but it may take a little longer. Anyway, if any of y'all know of any good deals, or where to look to find good deals, let me know. Of course I'm looking for a car with a good unibody mostly, though it will spend some time as our second family car and can't be a complete rebuild situation. I'm pretty pumped, can't wait to finally start moving forward. GT Quote Link to comment Share on other sites More sharing options...
VaTechM3 Posted April 27, 2010 Share Posted April 27, 2010 Congrats on the steps and progress made thus far. It does get pretty exciting starting a build for sure! I used bimmerforums, craigslist, ebay, and any other bmw forums to start your search. Let us know what you come up with! Quote Link to comment Share on other sites More sharing options...
Members Jon M. Posted April 27, 2010 Members Share Posted April 27, 2010 Well I completed Step 1 a couple weeks ago when I managed to sell the Speed3 out of the driveway to free up capital. Now I've just completed Step 2 in getting approved for a loan on a used E36 for Spec 3 racing. So I am no officially in the market. Exciting time this. I'd love to be ready to go Spec 3 racing with laze1 in the Southeast come February of next year, but it may take a little longer. Anyway, if any of y'all know of any good deals, or where to look to find good deals, let me know. Of course I'm looking for a car with a good unibody mostly, though it will spend some time as our second family car and can't be a complete rebuild situation. I'm pretty pumped, can't wait to finally start moving forward. GT There are lots of ways to proceed here, but keep in mind, having a car loan on a race car is dangerous business. Anyway, one option would be to buy a partially built race car. Piper sells them, RRT sells them, etc. You are going to have to cage the beast, so why not have a car loan with includes the cost of the cage and enable you to pay it off over time. Just make sure you buy a car which has a title. Quote Link to comment Share on other sites More sharing options...
laze1 Posted April 27, 2010 Share Posted April 27, 2010 hey...how much money do you have...I will sell you my car for a @#$%^& high price I will even install a passenger seat Quote Link to comment Share on other sites More sharing options...
Golin Posted April 27, 2010 Author Share Posted April 27, 2010 There are lots of ways to proceed here, but keep in mind, having a car loan on a race car is dangerous business. Anyway, one option would be to buy a partially built race car. Piper sells them, RRT sells them, etc. You are going to have to cage the beast, so why not have a car loan with includes the cost of the cage and enable you to pay it off over time. Just make sure you buy a car which has a title. I'm aware of the risks of a loan on a race car, but thanks for the heads up. It'll be an HPDE/TT car first, and hopefully will be paid off by the time I go W2W. Besides, I always kind of told myself I'd get a tow vehicle first, so February may have been a tad optimistic. Anyway, what are these partially built cars of which you speak? Are they still street legal? I need the car to do double duty for a while. It is still exciting though. GT Quote Link to comment Share on other sites More sharing options...
Golin Posted April 27, 2010 Author Share Posted April 27, 2010 Realizing that an engine is an expendable item for race cars, how many miles are too many for street service? assuming average maintenance? Quote Link to comment Share on other sites More sharing options...
laze1 Posted April 27, 2010 Share Posted April 27, 2010 I have 170K miles on mine, and 3 years of racing Quote Link to comment Share on other sites More sharing options...
Golin Posted May 4, 2010 Author Share Posted May 4, 2010 Thought I was all ready to get the perfect car from a guy in Florida. Turns out that the NCSECU has all the rules about private sales. Hanging on by a thread now. Hopefully I can get it done. Banks are so fussy. GT Quote Link to comment Share on other sites More sharing options...
dbgeek Posted May 4, 2010 Share Posted May 4, 2010 I'm with Jon on this one... you will pay extra to have it as a daily driver, probably on the order of $3K more. I picked up my car for $1100 - it had been slid sideways into a curb, buckling the entire right side suspension. I've seen a couple for sale around here (SC) - I'll keep my eyes open. I may even hit a SE event here soon. Quote Link to comment Share on other sites More sharing options...
Golin Posted May 4, 2010 Author Share Posted May 4, 2010 I'm with Jon on this one... you will pay extra to have it as a daily driver. Yeah, I wish I was in a position where I could just buy it for a dedicated track car, but unfortunately that's not where I am. If wishes were fishes... I've seen a couple for sale around here (SC) - I'll keep my eyes open. I may even hit a SE event here soon. Thanks, I appreciate all the help I can get. I'm really trying to tap into the network or "buddies cars." I can search all the online stuff fairly well, but it's the, "Hey my buddy is looking to unload a car," or "This great deal just came my way," that I'm really looking to capture. Not having cash on hand is a huge PITA too. Maybe I should just save up for a year, work events and then pay cash. Of course not driving for that long may kill me, so that might not be a good solution. GT Quote Link to comment Share on other sites More sharing options...
Golin Posted May 17, 2010 Author Share Posted May 17, 2010 Don't wanna jinx it, but may be getting close. Fingers crossed everyone! GT Quote Link to comment Share on other sites More sharing options...
Golin Posted May 18, 2010 Author Share Posted May 18, 2010 Jinxed it. Got there, the car looked great, but once the hood was open I only counted 4 coils. Apparently the seller didn't know there was a difference between ad 325 and a 318. Oh well, the search continues... Quote Link to comment Share on other sites More sharing options...
Golin Posted May 31, 2010 Author Share Posted May 31, 2010 Well I took Step 3, but unfortunately I won't be running in Spec 3. I found an E36, but it's a 328i. Given the fact that we needed a second car for the family sooner rather than later, and the fact that it was a good deal, I had to take it. Looks like I'll be running in either PT or GTS once I get W2W. Maybe a second classification of Spec 3 for 328s by then? Best of luck to all of you, and I look forward to seeing you at the track! GT Quote Link to comment Share on other sites More sharing options...
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