Hypothetically let's say I paid $250 for a '99 Jetta and used $300 worth of parts on my 2000 New Beetle (non-Challenge car). Does that mean that anything left on the '99 Jetta is $0 on my budget for the '91 Golf, or do I need to find FMV? ...and I have a couple other scrapped cars that are also zeroed out that may donate parts too?
I'm no scientologist, but I expect you must FMV parts. Maybe someone more knowledgeable /s marter will chime in
The current rules would dictate $250 into your budget then “sell yourself” $250 in parts for the beetle. Provide compelling proof for your price claim and recoup the $250 so anything off the jetta is free towards the golf, and you have $750 left to recoup.
Patrick said:... Provide compelling proof for your price claim and recoup the $250 so anything off the jetta is free towards the golf, and you have $750 left to recoup.
That right there is the part that makes sense of it for me. I knew that it could be recouped and somehow limited. So, if in my example, I used parts off a $1,000 parts car, or two $500 parts cars (that were fully recouped in value) it would be $0 on my budget, but max out my recoup. A cheap part off of an expensive parts car would be better to use at FMV. To track it, I'll make a tracking sheet for each parts car I may use, showing what it cost and what went where, then feed those sheets into my Challenge car budget.
Hopefully that makes sense the way I said it.
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