Titling a Rock bouncer for loan purposes?

poolman · May 15, 2017

Boulderdash said:
I'm sure a lot of the money spent on rigs are due to tax reasons where they own
a small business or whatever. Looks like the ole work truck needs a 10k engine and
a steering 14 bolt axle

Not in Kentucky or maybe I have a bad accountant.

TacomaJD · May 15, 2017

Re:

tonybolton said:
40 even

Rode my lil bee-cee-kleta to the down the road weigles to stock shelves....sweep parking lot and mop when I was 15.

Ah. Hell I'm 30, started when I was 15 as well and ain't been without a job since, only had 3 lol.

As for affording a $50k bouncer, I wouldn't even want to pay that much for a truck. I gave $64k for my current house when it was only 3.5 years old back in 2009 Haha. I guess I'm more like a mid grade minimalist. I just try to buy quality **** while remaining within my means and live comfortably. I don't desire to keep up with the Jones'. Shoot, my old $13k crawler made a lot of high dollar buggies look bad back in the day, that **** was worth more to me than someone staring in awe at how much money I'd dropped on a bouncer if I had one. Different strokes for different folks though.

BUG-E J · May 15, 2017

poolman said:
Not in Kentucky or maybe I have a bad accountant.

I don't live in Kentucky but I'm going with bad accountant

jeeptj99 · May 15, 2017

Re:

TacomaJD said:
Ah. Hell I'm 30, started when I was 15 as well and ain't been without a job since, only had 3 lol.

As for affording a $50k bouncer, I wouldn't even want to pay that much for a truck. I gave $64k for my current house when it was only 3.5 years old back in 2009 Haha. I guess I'm more like a mid grade minimalist. I just try to buy quality **** while remaining within my means and live comfortably. I don't desire to keep up with the Jones'. Shoot, my old $13k crawler made a lot of high dollar buggies look bad back in the day, that **** was worth more to me than someone staring in awe at how much money I'd dropped on a bouncer if I had one. Different strokes for different folks though.

That's me. I have a house it was 100k and I hated signing the papers. I would love to have a new truck but refuse to put myself in a position where I might not be able to make a payment. I mean I might not be madram11 famous but I have fun pushing my jeep to its limits. Some may blow past me on the trail where I'm struggling (tonyb) but I enjoy it.

kmcminn · May 15, 2017

Re:

jeeptj99 said:
That's me. I have a house it was 100k and I hated signing the papers. I would love to have a new truck but refuse to put myself in a position where I might not be able to make a payment. I mean I might not be madram11 famous but I have fun pushing my jeep to its limits. Some may blow past me on the trail where I'm struggling (tonyb) but I enjoy it.

Dont hate on people for punishing jeeps...

stano · May 15, 2017

Boulderdash said:
I'm sure a lot of the money spent on rigs are due to tax reasons where they own
a small business or whatever. Looks like the ole work truck needs a 10k engine and
a steering 14 bolt axle

Actually that's exactly what I did. I built my first buggy and asked my tax guy about writing it off. I asked him if I wanted to start a fab shop if it was reasonable to have something to show my potential customers? He said yep. Wrote the first one off, sold it for a profit, paid some taxes on the profit and bought back another rig for a donor. Built the current rig as a business expense and write off my trips as well. But I didn't borrow a dime during the process and hate payments. But to each his own, u want a bouncer on payments? Do it, just be sure to name it "payment book"!

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617_Racing · May 15, 2017

I'm with the crowd of saving if you want it. It's possible no matter what you're income.
Personally I nickled and dimed my way through building mine. Had I just saved money instead of buying new stuff I would of easily come out ahead. You'll always spend more building one than buying one.

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Beerj · May 16, 2017

617_Racing said:
You'll always spend more building one than buying

You sure about that? I wouldn't expect to have bought my rig for what I have into it. Granted, I don't have the best parts available but for what I see comparable rigs listed for, I think I made out pretty good. That being said, I realize those asking prices are just that and not necessarily what they get sold for.

I would strongly encourage someone to build their own if they have the time and space. Aside from probably being a little cheaper, you'll know every inch of your rig as well as be able to do major repairs and upgrades yourself.

617_Racing · May 16, 2017

Beerj said:
You sure about that? I wouldn't expect to have bought my rig for what I have into it. Granted, I don't have the best parts available but for what I see comparable rigs listed for, I think I made out pretty good. That being said, I realize those asking prices are just that and not necessarily what they get sold for.

I would strongly encourage someone to build their own if they have the time and space. Aside from probably being a little cheaper, you'll know every inch of your rig as well as be able to do major repairs and upgrades yourself.

Maybe not a brand new build from the most well known builder, no. But a "used" one going in the 20k-30k range, I'd say yes I'm sure about that. I also have "gotta buy nice new junk syndrome".

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yankster · May 16, 2017

I'm building one now and have been tracking all the costs. I kept the axles and engine from the old buggy, and haven't gone extravagant on parts this time. Only expensive parts have been new ORI struts, WOD link bars and a beefed up NP205 and I've spent $17K already and maybe 65% complete. No way it'll be done under $30k and be reliable on the trail.
You can definitely **** one together with junkyard parts and call it a bouncer but you'll have a steady monthly payment at Autozone, 4WheelParts, WOD and Summit upgrading to the parts you should have bought the first time.

BUG-E J · May 16, 2017

yankster said:
I'm building one now and have been tracking all the costs. I kept the axles and engine from the old buggy, and haven't gone extravagant on parts this time. Only expensive parts have been new ORI struts, WOD link bars and a beefed up NP205 and I've spent $17K already and maybe 65% complete. No way it'll be done under $30k and be reliable on the trail.
You can definitely **** one together with junkyard parts and call it a bouncer but you'll have a steady monthly payment at Autozone, 4WheelParts, WOD and Summit upgrading to the parts you should have bought the first time.

Yep. I had cash and took enough of a loan out to help out. Didn't finance the entire thing.

Eddyj · May 16, 2017

yankster said:
You can definitely **** one together with junkyard parts and call it a bouncer but you'll have a steady monthly payment at Autozone, 4WheelParts, WOD and Summit upgrading to the parts you should have bought the first time.

Someone call me? I thought I heard someone talking about me.... no? Ok.
I'll just be over here adjusting the clutch in my "rock hopper"
I'm making a run to my number 1 sponser tractor supply to do some repairs anyone need me to pick anything up?

yankster · May 16, 2017

I need sponsors. Super jelly

blacksheep10 · May 16, 2017

poolman said:
Not in Kentucky or maybe I have a bad accountant.

You need an honest accountant that only needs to know what you tell him. How he going to know what your work fleet looks like.

BUG-E J · May 16, 2017

blacksheep10 said:
You need an honest accountant that only needs to know what you tell him. How he going to know what your work fleet looks like.

Yeah I have told mine some things before and he goes no no no don't say that! molaugh

ibrokeit · May 16, 2017

BUG-E J said:
Yeah I have told mine some things before and he goes no no no don't say that!

Same. I have 2 different friends that drive 3.5 hours each way to come to my accountant, now.

Zjman · May 16, 2017

I got a buddy who builds custom homes and he worked his fox coilovers into the budget without his wife knowing.

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pholmann · May 16, 2017

I built mine on a pay as you go basis. I think I am sitting around 32k in mine right now. It took me 4 years to do it total but I really stepped it up the last year. I probably put 20K of that in, in the last year of the build. I am technically not done as I still have rear steer and powder to go. I say if you don't have the money to buy one, build what you want. If you want it bad enough now, you'll want it just as bad in a couple years when you finish.

TBItoy · May 17, 2017

IF you have good credit, you can get unsecured "auto loans" from Suntrust (Lightstream)

https://www.lightstream.com/auto-loans

TacomaJD · May 17, 2017

TBItoy said:
IF you have good credit, you can get unsecured "auto loans" from Suntrust (Lightstream)

https://www.lightstream.com/auto-loans

Bet they've got a fat interest rate too Lol.

I've done many signature loans at local banks, but they've never been over say $10k. Once the amount gets past that point, they start wanting collateral, and the interest rate with signature loans, in my experience, has always been higher than loans secured with collateral.