The BMW 507 Ultimate Build Thread!!!

[TimG]

Dave, they check VIN's if any of the components you used have them. In your case, I don't think any of your components have VIN's from other cars. I believe the receipts determine the licensing value of your car. My guess is they don't account for your labor and in this case that is good as you won't be taxed on your labor.

[A12pilot]

Right, Tim! That’s why I have the receipts to the major parts (trans, rear, engine) all showing any serial numbers and whom I acquired them from. Trooper told me he was already satisfied with what I told him I had in relation to paperwork.

Tax….Yeah, which leads me into the next decision as to how much to insure it for when the time comes as it’s not a pile of scrap anymore and will soon be a legal and legit car!

I guess a call to Tami at MK to discuss will be in order. No idea what type of value to put on it. Maybe $25,000?

Cheers
Dave

[Too Many Projects]

Originally Posted by A12pilot

Tax….Yeah, which leads me into the next decision as to how much to insure it for when the time comes as it’s not a pile of scrap anymore and will soon be a legal and legit car!

I guess a call to Tami at MK to discuss will be in order. No idea what type of value to put on it. Maybe $25,000?

Cheers
Dave

Don't you have at least that in parts ? Stuff you've had printed and custom made can't be cheap, not to mention a number of flights to the east coast for research and to bring back irreplaceable parts you couldn't risk being lost or damaged...

[Crush]

Originally Posted by A12pilot

Right, Tim! That’s why I have the receipts to the major parts (trans, rear, engine) all showing any serial numbers and whom I acquired them from. Trooper told me he was already satisfied with what I told him I had in relation to paperwork.

Tax….Yeah, which leads me into the next decision as to how much to insure it for when the time comes as it’s not a pile of scrap anymore and will soon be a legal and legit car!

I guess a call to Tami at MK to discuss will be in order. No idea what type of value to put on it. Maybe $25,000?

Cheers
Dave

I would think a cool million!!