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Originally Posted by
AndreasCliff.
a motor still has a price. So if you own it or not it is still an investment into the car. The labor done to the car for free by yourself or someone paying to do it is still part of the investment.
With your logic if the car is worth $2500 in percfect running condition and you have a motor and spare time on the weekend, then you should buy it at $2500 with a blown motor.
Dre,
You're skewing the "logic" a bit. The car was listed at $550. That's a steal no matter the motor. It could have been a clean rolling shell with no motor, and that's still a damn good price.
The motor has a price? Not really. It's a write off because it's a hobby.
Investing time as a hobby is not the same as saying "time equals money", in my book. You run a business so your view is different from mine.