$2015 Challenge Competitor Bulletin #1 – September 2, 2015
The following bulletin is to address a rules clarification regarding budget for Challenge cars. This budget section will replace the current section in the $2014 Challenge Rules. Also, if you have a previous Challenge car and have questions regarding budget, we will be taking those questions and will review them on a case by case basis.
Budget:
Net cost of the Challenge car and its preparation for presentation at the event must be equal to or less than a dollar amount equaling the year of the competition. Your purchase price of the Challenge car cannot top that year’s budget cap. Up to half the total budget may be recouped by selling parts originally included with or attached to the Challenge car, related parts car(s), or related parts packages at the time of purchase. You may not factor gains or losses made from buying, selling, or trading unrelated parts into your budget.
In English, what does this mean?
For 2015, the budget cap is $2015.
For 2015, the most you can recoup through parts sales is $1008.
For 2015, the max you can initially pay for a Challenge car is $2015.
If you buy a part for $40, decide it won’t work, then resell that part for $50, you may not recoup $10.
Example: If you buy an engine for $100, use the heads on your Challenge car, then resell the rest of the engine for $80, you may recoup $80, assuming your build has not already hit the recoup limit.
