
Build or Buy?
#1
Posted 10-19-2012 10:46 PM

I'm looking to get into racing spec miata. I've done several HPDE events, but never raced. As much as I love my current "track" car, I do not have the heart or funds to make it more than a track day car (2008 Evo X).
I figure spec miata is a great starting place for me because of cost, RWD, and I've always loved the miata.
The question is, do I build one, or buy one?
I've found a very nice donor, but it may be too nice. Its a 93 with 53k that I can purchase for ~$5000. I have seen some potential donors around here but most have high miles and seem pretty beat or rusty. I have confidence in this car, but perhaps I'm starting with more than I need. I feel comfortable building the car with the exception of welding the cage and weighing/aligning it. I suppose the pros to building it is knowing what I've done to the car, and feeling comfortable with the build. The only negatives would be that I could potentially find a built car cheaper and would be less work. That being said, I think it would be a fun winter project.
The other option would be to buy a built car. There is a local one for sale, a 91 for $7400 that was built 10 years ago. I haven't looked at it, but assuming it is ready to race, this is a more cost effective option. I'm concerned that a car originally built in 2002 will probably need a fair amount of work.
If you were getting into spec miata for the first time again, what would you do?
Thanks!
#2
Posted 10-19-2012 11:45 PM


It's ok, nothing personal...welcome aboard! We get 1 of these a month and this has been answered hundreds of times! I will give you all the stock answers!
1. Use the search engine...it is your friend and read read read!!
2. Buy Dave Wheelers(Advanced Autosports) book on building a spec miata...and read read read!
3. Take your budget and double it if your going to build a car!
4. It is cheaper to buy than build...look in the classifieds on this site!
5. Update your profile so we know what area you live. We can direct you to good sources.
6. Whether you're going to do NASA or SCCA, find the rules and read read read!
7. Consider renting a few times to get a real taste of what your in for.
8. Spend your money on track time and coaching when your first starting out...worry about the car when you realize that is the weak link!
Best of luck...the vacuum that is beginning to suck you in gets really strong

- Rob Burgoon likes this
Ron
RAmotorsports


#3
Posted 10-20-2012 12:46 AM

Best of luck...the vacuum that is beginning to suck you in gets really strong
Heh, suck! :-P
Do lots of searching, then ask lots of questions. People won't always answer and don't believe everything you hear, but asking is free!



#4
Posted 10-20-2012 05:40 AM

Frank
TnT Racing
SCCA Ohio Valley Region




#5
Posted 10-20-2012 06:47 AM

I have been reading a lot about the topic. I understand that the standard response is that buying is cheaper than building, and money and time is better spent on the track. I get that and I agree. I've done several HPDE events, so I know what I'm in for both building and maintaining a car, but obviously wheel to wheel racing and HPDE is a different game.
It isn't that I can't be patient with finding a race ready car, but I found a nice potential donor.
My question is mostly around whether or not the donor I'm looking at is too much. I think it is a good deal for what it is, but may be nicer than it needs to be for a donor. There are a couple of built cars around, but I suppose I'm just new to the idea of buying a built car because I feel like I don't know what exactly what I'm getting.
I live in Milwaukee, a little over an hour away from Dave Wheeler's shop.
#6
Posted 10-20-2012 06:57 AM

In my opinion your potential donor is definitely not worth the price. You could spend just a little more than that and get something that's already built (I have one listed on another site for 7000!). Even if you decided to do a "lot of work" to get it up to your specs you would still spend far less time and money than starting from scratch. And in that case you'd still have your "winter project" that would actually have you much closer to getting on the track than starting with a donor.



#7
Posted 10-20-2012 07:56 AM

Not only is it hard to know what your getting, you are not sure what is good or bad.. If you are that close to Wheeler, it would be worth your while to go visit him and others who know the score. It will save you time and money.Thanks for all the noob search responses....j/k.
I have been reading a lot about the topic. I understand that the standard response is that buying is cheaper than building, and money and time is better spent on the track. I get that and I agree. I've done several HPDE events, so I know what I'm in for both building and maintaining a car, but obviously wheel to wheel racing and HPDE is a different game.
It isn't that I can't be patient with finding a race ready car, but I found a nice potential donor.
My question is mostly around whether or not the donor I'm looking at is too much. I think it is a good deal for what it is, but may be nicer than it needs to be for a donor. There are a couple of built cars around, but I suppose I'm just new to the idea of buying a built car because I feel like I don't know what exactly what I'm getting.
I live in Milwaukee, a little over an hour away from Dave Wheeler's shop.
Frank
TnT Racing
SCCA Ohio Valley Region




#8
Posted 10-20-2012 09:39 AM

Find a $1200-$1500 donor ,, lot's of them out there,, a good $100k engine will run you $350 that will get you through your first year.

#9
Posted 10-20-2012 09:46 AM

If you've got the talent,, build it's very rewarding.. But that donor car is WAY overpriced,, you're going to throw most of it away anyway..
Find a $1200-$1500 donor ,, lot's of them out there,, a good $100k engine will run you $350 that will get you through your first year.
What Todd says! Except for $100k engine, he meant 100k miles ;-)


#10
Posted 10-20-2012 12:39 PM

#11
Posted 10-20-2012 02:05 PM

#12
Posted 10-20-2012 05:46 PM

Ron
RAmotorsports


#13
Posted 10-20-2012 06:17 PM

Richard Scott Mooney
"Warm up your tires, brakes and brains"
#14
Posted 10-20-2012 08:06 PM

If you've got the talent,, build it's very rewarding.. But that donor car is WAY overpriced,, you're going to throw most of it away anyway..
Find a $1200-$1500 donor ,, lot's of them out there,, a good $100k engine will run you $350 that will get you through your first year.
Totally agree. Way too much for a 93. The present owner must really like it.
James York
sponsored by:
Stan's Auto Center, Lafayette LA
powered by:
East Street Racing, Memphis TN
2003 Spec Miata
#03

#15
Posted 10-20-2012 08:21 PM

#16
Posted 10-20-2012 10:25 PM

The car is actually $4k which for its miles and condition make sense. The issue is getting it to WI from Las Vegas where its currently located.
Sorry, for me if I can't touch it, its not a deal. $4k plus shipping?? Man, go see Wheeler!
Ron
RAmotorsports


#17
Posted 10-20-2012 10:33 PM

Dennis
#18
Posted 10-20-2012 10:38 PM

Dave even said he was putting some up for sale soon. I'm sure he'll post here in the next couple days.
Save your $, you'll need the $ to spend on other things, track time, etc.
Guys I'll send something to Jim and Ceasar about the "Faqs' tab up top.
J~








#19
Posted 10-21-2012 08:25 PM

We built a car (a '91 from a complete junker donor car), and it was great fun and a learning experience, rebuilt the whole engine etc., especially for my co-driver who had done very little mechanical work. Been racing it for 2 years now, and it's been running great, with the exception of a broken diff... which we wanted to upgrade anyway.
My next car I will probably buy. Probably.
Getting into racing really isn't too hard, if you're dedicated to making it happen, and have good support.
#20
Posted 10-21-2012 09:03 PM


I realize that financially buying is probably a better option, but if I were looking for the best financial decision I'd probably be driving a Corolla. I love the build almost as much as driving. Something about driving a car that someone else put the work into just doesn't quite feel right for me.
I appreciate the opinions, I will probably continue searching for both options, and maybe find the right built car.
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