Kamm, i don't restore cars but I do work on them for pleasure and also as a side line now and then in between other commitments, as well as owning a couple myself in various stages of whatever they may be going through at the time!
And apologies to you or anyone if I come across waspish or similar in my replies, I certainly do not mean to have a go or come across as such, but sometimes (like now) my replies can get somewhat expansive and its all the more difficult to convey a mood and have a conversation without it seeming like you're going at it hell for leather at people! If that's the way it seems then apologies, it isn't meant to, rather a good civil debate is what I enjoy more than anything.
Robo, I believe Mike is doing the guides too, parts for guides and rod bearings currently run circa ÂŁ1800 at the dealers with discount or there abouts, the ÂŁ1200 left in Mike's calc's will be for labour give or take.
George I don't believe anyone in the thread is saying that people who really go for it in the cost department are silly in a nasty way. When people use sayings like “mental money” and quote that its a car of “x” years old its just expressing an opinion that people see different values and commodities in different lights to others.
Some people cannot justify or want to spend large sums of money (perhaps in real terms, perhaps to them personally) on cars at all, some will spend a little, some a lot, and some a lot more again. I guess being on a car forum, we all fall somewhere towards the upper end of the “little” category all the way to who knows where it ends?
The only thing i would say is and of absolute utmost importance is that a caveat of your budget is realistic expectations of what you want or are going to recieve for that budget, and in this case the rough figure of ÂŁ10000 doesn't sound too far away.
Perhaps splitting hairs we will all differ slightly in our opinion, Mike says he's planning suspension and other bits too, i suppose there are infinite variables as in how each of use defines something that sounds as simple as “suspension” mean we could star a whole other discussion based solely on that too. Shocks and springs, balljoints, arms, bushes where does it start and end for one mans description to anothers?
My suspension refresh might include all of the above, yours may be just a set of coilovers. Our budgets and outlook would be wildy different but if we reasonably expect what we will recieve for those budgets then there is no right or wrong way of going about that work.
My gripe is when people see say a supercharger kit for $5000, and think that they are going to get a car that will perform flawlessly for years to come, by bolting on that kit to a car that really has lots of unknown quantities and worn out or past their best parts.
Never mind not even considering that you need to take into account duty, delivery and all of the other parts that in reality should be replaced or at least considered as a matter of course, or spend the bare minimum on maintaining that car but blow masses of cash for performance parts to bolt to effectively a worn out or not running right base.
AND THEN, think that its a fair comparable to others who have done all of the above and beyond,
Like Kamm's and Chippy's car to name 2, because they are over here in the UK. It would be silly for me to directly compare my car to theirs just by looking at the threads and posts on here and seeing the work, detail and parts that have been lavished on these cars, but at the same time i'd never be ashamed to park next to these guys at a meet up and feel embarrased by my car, i know i've spent well in areas the car needed to be spent on and whilst its not perfect, its a car i can be proud of, and my achievements in doing it myself, for a budget that continously grows as ownership rolls on, but one i am comforatble with reagrding my earnings and other priorities in my life at the same time.
If someone suggested i cut corners or didn't do it properly because i'm ÂŁ20000 in instead of ÂŁ40000 then i'd be more than a little dissapointed at that attitude to be honest. More so becasue my figure accounts for zero labour. Its another infinately variable cost that can make 2 identical builds worlds apart in terms of cost, and yet its solely cost that seems to be the bench of so many when comparing cars or doing things right by each other.
I don't think the figure bandied is a small some of money nor are expectations overly high. In my mind taking on so much always uncovers more work needed that crops up unexpectedly, hence my reasoning for the ÂŁ2000 left in the pot. Mike thinks more parts can be had in that ÂŁ10K and who am I to argue given he knows how good a base car he has, the truth of the matter may lie somewhere in between the 2, but given he isn't being unreasonable saying he wants it all for 2 conkers and a frog then its not like i'll find pleasure in proving or disproving it.
Will it be the worlds best E39 for a 10K spend? Well of course it won't but personally I can't think of many ways to sink 10 bags into making a car go faster and having something that far exceeds the sum of its parts in terms of performance worthy of something costing a hell of a lot more.
I say good luck.