maybe you need to consider topup your insurance too :X
Take out personal loan to join motorsports, Need sound thoughts on this
Take out personal loan to join motorsports, Need sound thoughts on this
|
|
Oct 21 2024, 02:12 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,120 posts Joined: Apr 2013 |
maybe you need to consider topup your insurance too :X
|
|
|
|
|
|
Oct 21 2024, 02:18 PM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,074 posts Joined: Jan 2003 From: Verdun |
QUOTE(KeyMochi @ Oct 21 2024, 08:34 AM) I see this as an opportunity of a lifetime and I thought finally I found what I always wanted since kid. Problem is, I need to pay at least 50% of the total cost to secure my place in the academy and tbh I don't have that kind of cash stash somewhere. I've been thinking non stop since that day on how can I earn that deposit amount before they jack the price next year. Hmm i dont think its a good idea since that price if i recall correctly is just the "starter pack", things would get racked up quickly if you wanna add on this and that.I earn round 120k/year. Married with a kid who's still in kindergarten. Have no long term loan under my name except for my daily. Credit card paid in full every month without fail. Maxing out the card is out of option since I use it for household expenditures. Really need some sound advice from the community as I can't stop taking my mind off this. If you looked closely the item included were just bare minimal and I can tell out directly that those wont be enough for sure, as you get deeper into the rabbit you try anything possible to make yourself go faster which means more money being burned for a hobby. If you somehow can make additional money by joining this more than the loan amount then I say okay but if it is just for hobby sake I say just dont. You better off just go and rent track car(there are people who does this which one of my friend did it once and it cost him only approx RM3k++ just arrive and drive) on per-use basis, well at least you dont need to worry about the car side as usually those have their own crew and well as instructor to make sure all goes well (as long you dont crash onto barrier or what as you are expected to pay for those by Sepang circuit folks which is not cheap per meter). Even buying a proper sports car on the road does not guarantee much as you still need to do some mods like cooling/tires/brake/brake fluid to ensure it was able to cope track condition. Not to mention insurance wont cover you if you ever crash there plus any cost need to pay to track as mentioned earlier. (Hence you need to have some backup fund for such things, you never know what would happen) Also, this is why some people just prefer to stick to sim racing because at least you can safely crash on sim racing game and its cheaper long term as you just need to invest in good rig/setup once je. Sauce: Trust me bro, i did few track day on my daily car and it is not cheap when adding this and that (that is just track fees, brake pads, overkill brake fluid, track camber/alignment set up and ron97 while rest still stock). Moving forward maybe I should just go to the "rent the track car" route so I dont need to worry much. For me being into this trackday rabbit hole i can just say there fine line enjoying pushing hard and getting into accident there like our friend maverick tries to go faster than mach 10 instead of staying where it is because he believes he still can push it This post has been edited by minizian: Oct 21 2024, 02:29 PM RalphRatedR, constant_weight, and 1 other liked this post
|
|
|
Oct 21 2024, 02:32 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
5,369 posts Joined: Jan 2007 From: KL Malaysia |
QUOTE(anakkk @ Oct 21 2024, 02:12 PM) topup but exclusion clause = 0pointless. amscouzach57 and constant_weight liked this post
|
|
|
Oct 21 2024, 02:47 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,736 posts Joined: Jun 2009 From: Penang |
Easy said, if your really "talented" you should not be writing here and asking for loan to join motorsport. People should be swarming to you lending you sponsorship and money to represent their team without asking you to fork up a lot of money for it. Would be better to treat it as hobby or some spare time/money for it.
This post has been edited by littlefire: Oct 21 2024, 02:48 PM |
|
|
Oct 21 2024, 02:59 PM
Show posts by this member only | IPv6 | Post
#25
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
13,220 posts Joined: Jul 2006 |
QUOTE(littlefire @ Oct 21 2024, 02:47 PM) Easy said, if your really "talented" you should not be writing here and asking for loan to join motorsport. People should be swarming to you lending you sponsorship and money to represent their team without asking you to fork up a lot of money for it. Would be better to treat it as hobby or some spare time/money for it. direct sponsor. yeswith talent or potential (young). no money no talks not instead of u fund back half of d team This post has been edited by ktek: Oct 21 2024, 03:00 PM |
|
|
Oct 21 2024, 03:03 PM
Show posts by this member only | IPv6 | Post
#26
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
13,220 posts Joined: Jul 2006 |
btw u will be back to kart someday. example practice and test ur endurance on body pls regret now constant_weight liked this post
|
|
|
|
|
|
Oct 21 2024, 03:28 PM
Show posts by this member only | IPv6 | Post
#27
|
![]() ![]() ![]() ![]() ![]()
Junior Member
916 posts Joined: Jun 2017 |
QUOTE(KeyMochi @ Oct 21 2024, 08:57 AM) QUOTE(Quazacolt @ Oct 21 2024, 11:45 AM) i would discourage against it. 3 things regarding motorsport, and 1 personal opinion.now, about bolded, no. there will be opportunity(ies) coming up all the time. don't be FOMO your annual income is too low to burn on motorsports. First, accumulate track time, training time are more important than talent alone. At least for most of us. Talent is secondary until you fight for split seconds in top championship. Of course if you are absolutely lucky and being the most talented, someone sponsor you from age 5-6, then different story. At adult age, it is the training that build up the sensory (easier for kids to pick up IMHO). Feel the rotation, feel the weight transfer, feels the tyre deformation, bio clock/timing to do tyre management, and get familiar with the track. I find the tyre management is particularly hard (for me it was in a sim). Usually after 2-3 laps of consistent lap time, then stared to go haywire. I'm not talented. Which part of the track has rubber residue, than you can brake a lot later than common sense, etc. Second, to go pro you need a team. That's burning a lot of money than owning the car + maintenance. I need to emphasize having a track car is not the same as race car. Race cars are subject to regulations, not open for any mod. Racing reliability constantly at red line too, meaning often not running the engine tuning at full capacity in order to finish the race. Don't underestimate the "less talented rich boy" who can just do it and crash, but having another spare car. Do you dare to go wheel to wheel dog fight with them? I know an acquittance who is mega rich. Now bored with buying supercars, and bought an AMG GT3 race car, hire someone to race it. The crews, he's leased from AMG. Recently, changed to using R8 GT3, not sure what happened to the AMG. Anyway nuts... what a hobby. Look at Zhou Guanyu and Lance Stroll in F1. Think they are slow, less talent? Try race them if given opportunity. Third Physical fitness. This is not a 2-3 flying laps track day, then do one cooling lap. You'll need to sustain the heat, lose a lot of body fluid in actual race. Then no vacuum pump brake assist, with or without power steering. If into formula car, neck. Not sure how fit are you, at least I'll get sick if subject into that kind of stress week in/week out. Lastly on personal, not sure you talking about 120k gross or net. But even net is insufficient. My net basic pay is around the same as you. Total compensation about 3x. I live off basic salary alone, save all the remaining. I don't even dare to think about motorsport, only aiming for sim racing rig. If my kid is talented + passion in anything, willing invest heavily. As for myself, 40 is too old change course drastically. BTW I'm Nordschleife fans, but I'm not talented. It took me 6 months of practicing every night (with controller), just to be able to finish the track without crashing. Then another 6 months to bring the track time below 7min with GT3 race car. Then another 3-4 months to do sub 7min with 991.1 911 GT3 RS time using same car, matching official record. Still I can't do it reliability, consistently every lap. I don't know how I can spent that much of track time in real life. This post has been edited by constant_weight: Oct 21 2024, 03:48 PM tifosi, amscouzach57, and 3 others liked this post
|
|
|
Oct 21 2024, 03:52 PM
Show posts by this member only | IPv6 | Post
#28
|
![]() ![]()
Junior Member
252 posts Joined: Aug 2014 From: MY |
Thank you all the advice. Judging from some stories here it really is scary to burn that kind of money. Garysydney, constant_weight, and 1 other liked this post
|
|
|
Oct 21 2024, 03:59 PM
Show posts by this member only | IPv6 | Post
#29
|
![]() ![]()
Junior Member
252 posts Joined: Aug 2014 From: MY |
QUOTE(Quazacolt @ Oct 21 2024, 11:45 AM) i would discourage against it. https://www.driverdb.com/drivers/kenny-leejust earn more until you don't need a loan, or at least, can comfortably get a loan without the need to seek validation on a forum. now, about bolded, no. there will be opportunity(ies) coming up all the time. don't be FOMO your annual income is too low to burn on motorsports. i earning very slightly more than you, also just having a 2 soon to be 3 years old son. and i've been inactive from motorsports since 2019 just repairing/rebuilding my finances that was in ruin (and motorsports was a huge contributing factor) back in 2018 2019 i only had debts, no savings. today i got some savings that can be resilient a comfortable duration in case i do lose my job my point being, chances are motorsports is only going to be a casual stint or hobby, and if you're not going pro with it, you have no business taking huge financial risks with it. just curious, who? Kenny/Kegani racing? |
|
|
Oct 21 2024, 04:01 PM
|
![]() ![]() ![]() ![]()
Junior Member
656 posts Joined: Sep 2007 |
keywords "dont have cash stash" "i have a family/daughter" bro. once people are dependent on you, you have to sacrifice some things. going pro is a dream but just because you go pro, can you GUARANTEE that you will make it big? also you have a kid now. accidents can happen. we dont want them to happen but it could happen. as much as ppl say "your money, you spend how u like". i ll remind you, its not YOUR money anymore now that you're part of a family. in fact your life is not YOURS anymore either. if you're gone people will mourn. your wife will suffer. if you crippled instead, your family has to take care of you. you become a burden. if you ask me. dont do it. if things were different and you're single or not married. fuckit YOLO just do it. but thats not where you are at now. amscouzach57, Garysydney, and 4 others liked this post
|
|
|
Oct 21 2024, 04:12 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
5,369 posts Joined: Jan 2007 From: KL Malaysia |
QUOTE(constant_weight @ Oct 21 2024, 03:28 PM) As for myself, 40 is too old change course drastically. never too old bro.i know someone personally (he used to post LYN forums, and we met because of LYN forums) who raced and podium Car MSF he now raced and podium MSF SBK on his BMW S1000RR. i think he's in 60+ years old? or at least late 50's. you just 40? still a lot younger than him bro RalphRatedR, babisotong, and 1 other liked this post
|
|
|
Oct 21 2024, 04:34 PM
Show posts by this member only | IPv6 | Post
#32
|
![]() ![]() ![]() ![]() ![]()
Junior Member
916 posts Joined: Jun 2017 |
QUOTE(KeyMochi @ Oct 21 2024, 03:52 PM) Thank you all the advice. Judging from some stories here it really is scary to burn that kind of money. Not sure you can read mandarin. This one no subtitle. Basically highlight his experience as racing driver hired by a major team (makan gaji like most of us), now transition to run his own team because he didn't get any signing this year. A lot to learn to run own team, unless get hired (need fame, proven reputation, or rich father/mother) Second is about the engine rebuild. Jump to 10:40. Basically both F80 M3 Taxi (i6 Turbo) and M6 GT3 race car (twin turbo V8) are running between 450hp to 500hp. Need to rebuild every 30,000KM. Not to forget, transmission, differential not stated in this video. Also Suspension, brake, subframe, tires... In racing, even wheel is wear and tear. Not as fast as others, but metal fatigue still happens. To a point even chassis need to be retired after few years, if lucky not into any crash |
|
|
Oct 21 2024, 04:45 PM
Show posts by this member only | IPv6 | Post
#33
|
![]() ![]() ![]() ![]() ![]()
Junior Member
916 posts Joined: Jun 2017 |
QUOTE(Quazacolt @ Oct 21 2024, 04:12 PM) never too old bro. Hobby, leisure enough lah. I'm not super rich (but Anwar just call me mega rich i know someone personally (he used to post LYN forums, and we met because of LYN forums) who raced and podium Car MSF he now raced and podium MSF SBK on his BMW S1000RR. i think he's in 60+ years old? or at least late 50's. you just 40? still a lot younger than him bro I see a lot of people in their 50's, 60's in LMP and TCR racing. But those folks have been racing from young. babisotong and Quazacolt liked this post
|
|
|
|
|
|
Oct 21 2024, 04:56 PM
Show posts by this member only | IPv6 | Post
#34
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,510 posts Joined: Feb 2005 |
i think you're probably at one of those crossroads in life where you need to decide your priorities and make sacrifices given that we're typical normal average salary earning folk KeyMochi liked this post
|
|
|
Oct 21 2024, 04:57 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
5,369 posts Joined: Jan 2007 From: KL Malaysia |
QUOTE(constant_weight @ Oct 21 2024, 04:34 PM) Basically both F80 M3 Taxi (i6 Turbo) and M6 GT3 race car (twin turbo V8) are running between 450hp to 500hp. Need to rebuild every 30,000KM. ah nostalgia to see robert's video!!» Click to show Spoiler - click again to hide... « QUOTE(constant_weight @ Oct 21 2024, 04:45 PM) I see a lot of people in their 50's, 60's in LMP and TCR racing. But those folks have been racing from young. check out this very old man repostif just hobby, leisure, no need racing from young, no need talent. just some passion and maybe a bit of money, that will do. KeyMochi and constant_weight liked this post
|
|
|
Oct 21 2024, 10:11 PM
|
![]() ![]()
Junior Member
252 posts Joined: Aug 2014 From: MY |
QUOTE(Zer0 c00L @ Oct 21 2024, 04:56 PM) i think you're probably at one of those crossroads in life where you need to decide your priorities and make sacrifices given that we're typical normal average salary earning folk Some say midlife crisis. I think this is it haha. The message here is loud and clear and I probably should listen to these guys given that of them are much older and wiser than me. |
|
|
Oct 21 2024, 10:15 PM
Show posts by this member only | IPv6 | Post
#37
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
13,220 posts Joined: Jul 2006 |
QUOTE(KeyMochi @ Oct 21 2024, 10:11 PM) Some say midlife crisis. I think this is it haha. The message here is loud and clear and I probably should listen to these guys given that of them are much older and wiser than me. **richer**exclude me This post has been edited by ktek: Oct 21 2024, 10:16 PM babisotong liked this post
|
|
|
Oct 22 2024, 07:28 AM
|
![]() ![]()
Junior Member
105 posts Joined: Oct 2022 |
bro, ignore those who says no.
Its a one in a life time opportunity. Things will not happen if you think rationally. Most of the talent are dead in the country because they take advise from their parent, neighbour, uncle aunty. Just go with your heart and do your best. There will be no regret in your life. Most of the people here never even been in a track or drive decent car. |
|
|
Oct 22 2024, 07:29 AM
Show posts by this member only | IPv6 | Post
#39
|
![]() ![]()
Junior Member
252 posts Joined: Aug 2014 From: MY |
QUOTE(68 others @ Oct 22 2024, 07:28 AM) bro, ignore those who says no. Damn bro y u gotta be like this 😭Its a one in a life time opportunity. Things will not happen if you think rationally. Most of the talent are dead in the country because they take advise from their parent, neighbour, uncle aunty. Just go with your heart and do your best. There will be no regret in your life. Most of the people here never even been in a track or drive decent car. |
|
|
Oct 22 2024, 07:37 AM
|
![]() ![]()
Junior Member
105 posts Joined: Oct 2022 |
|
| Change to: | 0.0177sec
0.86
5 queries
GZIP Disabled
Time is now: 24th December 2025 - 06:13 PM |