Real Costs of racing
11-18-04, 03:36 PM
#27
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Originally Posted by wrankin
Who was it that said (paraphrased): "Sure you can make a small fortune racing. You just have to start out with a large fortune to begin with!"
:-)
-b
:-)
-b
Then there's "Speed costs money. How fast do you want to go?"
Still my favorite quote from an announcer (I can't remember who) said about a driver who had just slid off the track and destroyed his car in the wall "He got into the corner and ran out of talent". Ouch!
11-18-04, 08:33 PM
#28
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Originally Posted by wrankin
Who was it that said (paraphrased): "Sure you can make a small fortune racing. You just have to start out with a large fortune to begin with!"
:-)
-b
:-)
-b
11-18-04, 08:37 PM
#29
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Originally Posted by Valkyrie
Question:
Do the races you're going to have prizes?
Assuming you actually won every time, would you actually be able to make up your losses, or are these simply for fun races?
Do the races you're going to have prizes?
Assuming you actually won every time, would you actually be able to make up your losses, or are these simply for fun races?
To get tow money you have to just be in the top 3 cars in your division that actually go to the runoffs.
Will you make any money, NO but you can pay for a small part of your expenses.
11-19-04, 01:18 PM
#31
Eats, Sleeps, Dreams Rotary
Can someone explain to me just how being a "professional race driver" can make one money?
Is the professional part simply the driver being paid by the sponsor (and maybe a little prize money), who is in it not to make back money from the winnings, but simply to advertise?
So I guess the whole point of professional racing (well, the racing part, not the watching part) isn't to make money from winnings, it's to provide an advertisement medium, plus make money from merchandizing... hehehe...
I guess it's not like the people who put on events could make money if their profits were everything they made from ticket sales and entry fees minus prize money...
Is the professional part simply the driver being paid by the sponsor (and maybe a little prize money), who is in it not to make back money from the winnings, but simply to advertise?
So I guess the whole point of professional racing (well, the racing part, not the watching part) isn't to make money from winnings, it's to provide an advertisement medium, plus make money from merchandizing... hehehe...
I guess it's not like the people who put on events could make money if their profits were everything they made from ticket sales and entry fees minus prize money...
11-19-04, 05:06 PM
#32
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my last kart racing season (first year running Rotax) went something like this:
- bought kart for $4k
- $50 raceday fees - 10 races
- $35 practice day fees - 15 practice days
- 2 sets of slicks all season - $300
- gas: ~$20 per day
- rebuilt motor cuz it blew midseason $1k
- about $100 on carb cleaner, lube, brake fluid, zip ties and shop rags
i think that was it. Previous season was 3rd season running KT100 with kart/motor package purchased for $2k used.
- motor top end refresh $800
- clutch rebuild $30
- 2 sets of slicks for $300
- about $100 on carb cleaner, lube, brake fluid, zip ties and shop rags
- $50 raceday fees - 10 races
- $35 practice day fees - 15 practice days
- gas: ~$20 per day
Lots of bang for the buck in kart racing!
- bought kart for $4k
- $50 raceday fees - 10 races
- $35 practice day fees - 15 practice days
- 2 sets of slicks all season - $300
- gas: ~$20 per day
- rebuilt motor cuz it blew midseason $1k
- about $100 on carb cleaner, lube, brake fluid, zip ties and shop rags
i think that was it. Previous season was 3rd season running KT100 with kart/motor package purchased for $2k used.
- motor top end refresh $800
- clutch rebuild $30
- 2 sets of slicks for $300
- about $100 on carb cleaner, lube, brake fluid, zip ties and shop rags
- $50 raceday fees - 10 races
- $35 practice day fees - 15 practice days
- gas: ~$20 per day
Lots of bang for the buck in kart racing!
11-19-04, 10:37 PM
#33
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Originally Posted by Valkyrie
So I guess the whole point of professional racing (well, the racing part, not the watching part) isn't to make money from winnings, it's to provide an advertisement medium, plus make money from merchandizing... hehehe...
Yep. Its a form of marketing. The racing is pure competition, but it really an exercise in marketing for the sponsor....
Marcus
11-27-04, 04:41 PM
#34
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Originally Posted by cpa7man
Don't forget were buying used trannies for $50 and entire parts cars for $150.
What does a tranny cost for a formula mazda?
What does a tranny cost for a formula mazda?
11-27-04, 04:49 PM
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Originally Posted by NasaPro7
I would *love* to go Formula Mazda racing, and in fact, that was part of the original plan, until they changed the pro car...
I haven't been out to Vegas.
CPA - I got jipped, my spare chassis was $250
Marcus
I haven't been out to Vegas.
CPA - I got jipped, my spare chassis was $250
Marcus
My dream project is dropping a Renesis into a 3rd gen with the motec racemap/ecu(traction control=) from the new formula mazda....I know the racecars well but still learning the streetcars.
10-11-06, 04:18 PM
#38
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Your first mistake
Is ever adding up the cost, thats for the obsessive compulsive, you could/should spend more!
Its like adding up the cost of children, SH-T makes my racing budget look puny, lets see full time wife, food, cloths, health insurance, private schools...makes me tired just thinking about it!
JLS
Its like adding up the cost of children, SH-T makes my racing budget look puny, lets see full time wife, food, cloths, health insurance, private schools...makes me tired just thinking about it!
JLS
Ill only be able to attend 2-3 time trial events a year
10-12-06, 12:45 AM
#42
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Most economical class? ITC or some regioanl offshoot- Pro7 for norcal.
What do I do for a living? Data Operations Manager for a Financial Services company. (Google- Master Data Management)
My costs have gone way up.
I built the ultimate killer ITA First gen; ~15K; wrecked it and sold it. I now have a Spec Miata. Basic 1.6 car, wiht some demon tweaks on their way. I predict spending about 20K on it next year.
Still have my Pro7; its gotten a new windshield and run a couple events this year. I've given up adding up costs. lets just say "a lot"
M.
What do I do for a living? Data Operations Manager for a Financial Services company. (Google- Master Data Management)
My costs have gone way up.
I built the ultimate killer ITA First gen; ~15K; wrecked it and sold it. I now have a Spec Miata. Basic 1.6 car, wiht some demon tweaks on their way. I predict spending about 20K on it next year.
Still have my Pro7; its gotten a new windshield and run a couple events this year. I've given up adding up costs. lets just say "a lot"
M.
10-12-06, 08:56 PM
#43
my take on the phrase is:
dont race anything you cant afford to push off a cliff...and make it strong enough that you survive if you do.......
how about: *hit happens...and on a race track *hit happens quickly.....
PS: i would be real happy if i only spent $1000-1200 per race for my ITS car.....
dont race anything you cant afford to push off a cliff...and make it strong enough that you survive if you do.......
how about: *hit happens...and on a race track *hit happens quickly.....
PS: i would be real happy if i only spent $1000-1200 per race for my ITS car.....
10-12-06, 10:06 PM
#45
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oddly enough, this thread made me want to listen to montly Crew, lol. "Kick start my heart..."
anyway, im a bit evnvious of people like Yamada-San, and Nobuteru Taniguchi who get $$$$ fo just being there, lol.
anyway, im a bit evnvious of people like Yamada-San, and Nobuteru Taniguchi who get $$$$ fo just being there, lol.
10-13-06, 10:12 PM
#46
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Originally Posted by ccanepa50
*hit happens...and on a race track *hit happens quickly.........
I looked at what I spent in 2005, and it's crazy. I'll get it in a presentable form one of these days and post it.
10-15-06, 05:30 PM
#47
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Don't ever add it up. If you are married this tabulation will haunt you forever. I can tell you I have spent in excess of 50% of my gross income in some years. I work hard and live modestly to go racing. The true costs are staggering and if you can market yourself then you can offset some of your costs. Marketing and promoting yourself can only go so far in amatuer racing. Study hard and get yourself a good paying job with flexible hours is how most of us have done it.
10-16-06, 04:44 PM
#50
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If my job paid a 1/2 million a year I would probably race a car needing a new $50,000 engine every 30 hours. Unfortunately my job pays a bit less at the moment 