how to pay for engine?
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Postmaster
Joined: Apr 2003
Posts: 2,703
Likes: 4
From: Harrisburg, NE
how to pay for engine?
how do you guys usually pay for your engine builds (or other projects) do you save up pennies, pay as you go or do something like put it on the plastic and pay it off?
the reason im asking is that i got my old bronco back- the one i drove when i was 16, but the engine went bye-bye and it will need another anyways. im just trying to find outif i can afford to build my own engine in auto technology at college
the reason im asking is that i got my old bronco back- the one i drove when i was 16, but the engine went bye-bye and it will need another anyways. im just trying to find outif i can afford to build my own engine in auto technology at college
Cargo Master
Joined: Sep 2004
Posts: 3,430
Likes: 2
From: NH
MY 351 went in my truck and I needed it up and running. I pulled the motor myself and brought it to the engine shop (they did a so-so job but thats another story). I started saving up right away. A few weeks later when the motor was done I went and paid for about 1/2 of it and kinda set up a payment plan (they kept the motor and I paid them) about a moth after it was done I had the rest of the money together and got my motor.
My next project I am saving up for ahead of time, but that is becoming difficult as other "important things" come up and drain my project funds savings, like my dishwasher dying.
My next project I am saving up for ahead of time, but that is becoming difficult as other "important things" come up and drain my project funds savings, like my dishwasher dying.
FTE Legend
Joined: Aug 2004
Posts: 37,887
Likes: 20
From: North Central Rural Sask.
Doing the work on projects sure does save alot of cash, but to pay for my projects, I buy a cheap project, do a quick fixxer upper on it, then sell it for more cash, do a few of these and you have enough for your own projects.
Post Fiend
Joined: Feb 2003
Posts: 6,940
Likes: 2
From: Eastern WA
The smartest method for paying for things that depreciate in value is to always use cash, check, or debit card. For projects that have the capacity to appreciate in value (like real estate), financing can be a real smart move.
Last edited by CowboyBilly9Mile; Nov 16, 2005 at 09:00 PM.
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Postmaster
Joined: Jul 2003
Posts: 2,688
Likes: 4
From: Southern Oregon
Cowboy's advice is right on. For the big ticket items I block them off in affordable segments. Like buy the pistons and rings, then have the heads rebuilt, then the block and so forth. I pay cash almost always. And do as much of the work as possible yourself. It takes longer and requires more patience, but that is my advice.
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