How much can you spend... should i spend

[kidhannn]

Hi Guys,
I recently bought a MK1 GTi Cab, and was wondering how much people spend on their cars....
I bought the car for £1000 and have already done the following:
-- full service with new belts £250
-- new shocks and spring + new full exhaust £430

Probably another few hundred pounds bringing the total to £2000. At this point the car would be mechanically sound and the only thing remaining would be a respray sometime next year, which will cost me another £1000.
Probably have to do the interior once all the car is resprayed.....

Is this too much for this car? Will I get my money back when I sell a few years down the line.


Regards
Randeep

[boxxer1973]

its not about the cost , the more you do the more you want to do .

[bretttuk]

I have just bought my car for £1500 , a mk2 16v ... i have had it less than a week and i have already spent £400 - 500 or so bringing it up to speed where i am happy with it and replacing essential parts etc.. going to spending another £150 - 200 next week aswell. Plus its going in for respray work to bonnet and roof and touch up to rest of body and a good polish at the end of august , anticipate another £200 - 300 then aswell

I also have a shopping list for it too ... some Polished BBS RM or RS's , new interior ...

Once at that point ........ill look back and be very happy , but i bet ill be thinking of more things i can change and buy, i know i wont get the money back i spent on it but thats not the point, i do this because i love it ... its my hobby and passion ..... and i guess its the same as plenty of other people on here.

Brett

[stu]

My mk1 cab stands me at about £5000 but is probably only worth £2500 it's not about the money  it's a v-dub thing 

[gibby]

Don't be under any impression that just because you spend another 3 - 4k on your car then it will be worth 3 - 4k more because it will not, you will never get all your money back but as already been said above, it's not about that it's about the passion, hobby and the dub thing. 

Seriously, if you want to get all your money back then I'd stop right now and sell it. If you look around the dub scene you will see highly modified cars that have had 20k spent on them yet they will be selling for 8k,9k,10k, people into it will look at it and think, "wow, 8k for that mk2 20VT with NOS etc etc etc" but others will say "8k for a 1989 car, are you mad !" I don't know if I made any sense there. 

[Phil303]

Following on from the previous comments, with cars the whole is worth less than the sum of the parts. Putting a £300 stereo in an £800 car doesn't make it worth £1100, which reiterates Gibbys point.

If you really don't want to keep it, don't throw money at it which a potential buyer might not appreciate.

[marky2484]

My whole thing is getting something tidy for as little as possible...... H reg 8v Tornado Red bought on e-bay for £250, set of TSW Alpines (14's) for £40.00,whole bucket of T-cut.... not a minter but really nice. It keeps me busy, puts me back in the worlds best car,and lets the g/f spend all the rest on tight dresses to go out in. Diff'rent strokes for diff'rent folks.

Cheers, Mark.