Originally Posted by Bronxie
So even if you have parts of your own for the car you buy, you can't use them without it going towards your budget?
THere is a thing called FMV. fair market value. Somethings ARE free, that is, if anyone else could find teh same deals. You cna't do special brother-in-law type deals, either. yes, sometimes free is free, but stuff you already have (like, say, wheels and tires) are generally FMV.
BTW, the car itself counts in the cost of the build... but you can only sell of parts of that car down to zero.
Here are the relevant rules for $2006:
14) All builders shall spend no more than $2006 on their cars. The purchase price of the car must be equal to or less than $2006. Title fees, registration and insurance are not counted toward the budget. Tax that is paid and shipping (or transportation costs) of the car and parts used in the building process must be counted toward the budget.
15) All parts used at the event (including multiple sets of tires) shall be part of that $2006 budget.
16) Parts that are not used may be traded or sold up to the initial cost of the car or parts deal. In other words, if you buy a $500 Challenge car, you can recoup up to $500 of your budget by selling parts. (If you do turn a profit on selling parts off the car, we suggest you take your significant other out to dinner to compensate them for having a $2006 car hanging around the house.). Once the recouperation limit has been reached on a car or parts deals, trading is not allowed.
17) The maximum amount of money that can be "recouped" in a budget is $1003. This includes parts cars, parts deals and the Challenge car itself.
18) Parts that are given to the competitor by a company or person must be figured into the budget at fair market value. Sponsorships are allowed, but the values any product or service that is used in building the car must be figured into the $2006 budget.
19) Entrants must show up to the competition with complete documentation totaling, at most, $2006. Entrants must bring receipts or verifiable proof for each item on the car, including the car itself. This information will be available at registration for all entrants to view. The more information provided about the car, the better. Photos are extremely helpful in documentation.
20) If parts or vehicles are already owned by the competitor, they must be figured into the budget at fair market value at today's prices.
21) Cars that are purchased at non-public, dealer-only auctions must be valued at fair market retail pricing.
22) Work that is performed at a commercial, for-profit place of business must be billed to the budget at fair market value.
24) Parts that break during the Challenge (and during transportation to the Challenge) may be replaced at the event on an emergency basis, but penalty points may be awarded if the total value exceeds the $2006 limit.