Track Prepped E30 for hire...

[lm11]

Hi guys, this is just a tester really. Is there anybody who would be interested in hiring a track prepped E30 325i for a selection of trackdays this summer?

The spec of the car is as follows:

89 E30 325i
Recaro SPG bucket seats with 5 point harnesses
Saftey Devices 6 point cage
Uprated brakes/ yellow stuff pads
Avon ZZR Track day tyres
OMP Suede steering wheel
Solid steering guibo
M3 Short Shift
Stripped interior

PM me if interested.

Luke

[fuzzy]

how would that work if someone rolled it?

[maxfield]

how would that work if someone rolled it?

What I was thinking, or if the engine went pop?

[lm11]

Then they would pay for the damage... simple as.

The engine has had a full service with cambelt change and decent oil.

[march109]

How much would you be looking at per day?

[gooner1]

Think it,s a great idea lm11, how would insurance work though. Presume the person hiring would need some kind of personal injury type insurance. Good luck with it.

[lm11]

Hi March,

Will start off at £199 for the day for the car, with a bit of instruction thrown in for free if required. I think thats pretty reasonable as the car cost quite a lot to bulid up to how it is now.

Thanks Gooner, Its a great idea say if you get 2 or three of your mates in on it and then you can share the cost. Ive done some research and to hire any decent track day car you are looking at least £600 for anything half decent because of the high value of the car. This is a laugh to drive and all you do is turn up at the track, drive and go home in your own car.

Petrol is provided and insurace is optional if you so wish. (Can be bought for around £100 per day).

I have been on a few trackdays now and as long as your not a total lunatic then the risk of crashing is low. Its just about knowing your limits and pacing yourself.

I think a lot of fun can be had especially in a RWD car and it is worth that price all day long. In a whole day you would get roughly 6 x 20 min sessions which adds up to quite a few laps.

Luke

[fuzzy]

how do you guarantee that anyone bending it will mend it? is it a big risk on your part? i didnt know you could hire cars for the day at tracks.

[lm11]

There are companies who hire out caterhams and elises etc but it is really costly because the value of the cars is so high.

I think this would be good for those who want to try their hand at some track action without breaking the bank. Its a fun car to drive and a good car to learn in IMO.

It is not such a big risk on my part because I will not let a lunatic loose at the wheel and the hirer will agree to pay for damages prior to driving. 9 out of 10 times you will skid off into the gravel or onto the grass doing no damage to the car especially at tracks such as donnington which has generous run off in most corners. The risk of crashing is low, unless your a lunatic like I said, but if thats the case I will not let them out in the car... I know that a lot of fun can be had at trackdays and I think this will help bring more people into it by offering it at such a low price.

Luke

[moggy]

Please let me know when and where you will be hiring out your car.

Then I will make sure I will avoid the day.

Disaster waiting to happen.

[oldroydsr4]

Petrol is provided?

for £200 a day, that is bargain. How you even making money

[MJJ_ZX6RR]

To the OP, I hire out motorbikes for trackdays and take a £500 crash deposit prior to hire. If the hirer crashes, then the fixing costs are taken out of the £500. I limit the liability to that £500, ie. if they completely total the bike, then I keep the £500 but no more - the rest is my risk.

It may be worth considering that approach, rather than trying to get some sort of legal agreement that the damage will be fixed post crash. Then you are into the possibility of small claims court, someone taking months to fix your car, using poor quality parts etc.

The £500 acts as a sobering control to stop the hirer riding like a to**er too.

Just my 2p.

Martin.

[fuzzy]

but will there be much demand when a road legal e30 can be bought for not much more, stripped and used as many times as you want?especially when you factor in the possiblity of the expence of crashing a hired car.

[march109]

Well my track prepped touring, near enough same spec as above less the cage and track tyres. Including having been welded up in all the rightplaces and fully poly bushed with 16"Alpina reps and a Mtech1 kit cost me about 5 track days worth.

Thats why I asked, 5 track days and its paid for itself. Thats assuming I don't wreck it.

[lm11]

Moggy - Dont say anything if its not useful.

MJJ - Yeah not a bad idea, thats a good way to limit the liability I suppose.

Fuzzy/March - Not everybody wants to do 5 trackdays do they, plus you would never get anything half decent (and insured) for £1000 which is 5 track days worth.

Luke

[SteSE]

Any more pic's of the car?

[lm11]

Ste, will get some sorted when the weather turns a bit nicer

Luke

[march109]

I didn't say it wasn't good value, but I was trying to use it to judge the value of my own purchase. I like your idea, and if you'd started last year I'd be first in the queue.

I would probably hire mine out too, but would as MJJ said take a £500 deposit, if the punter rammed it I'd keep the £500, at the end of the day I could probably break it and recoup the other £500 even if it was a total write off. I also wouldn't dare hire it until I've got my use out of it and I probably wouldn't be supplying it with free petrol. Hopefully then I wouldn't end up out of pocket at the very least I'd break even wether I sold it or it got broken on track.

As it is me and a couple mates are sort of sharing it anyway, I bought it, if they come along for the ride they will be picking up the tab for fuel and laps. Makes it cheaper for me and a great way to get started for all of us.

Have you got any pictures of your car? Who would be doing the tuition you mentioned? I and some friends are looking for some tuition before we slap my car into the armco.

[march109]

Fuzzy/March - Not everybody wants to do 5 trackdays do they, plus you would never get anything half decent (and insured) for £1000 which is 5 track days worth.

Luke

No £1000 doesn't include insurance, but its not that expensive for me anyway! And would it surprise you to learn I did buy something ready and half decent at that price? It obviously would given your statement above.

http://www.e30zone.net/modules.php?name ... c&t=119687

And its the one on the left:

[Jon_Bmw]

I think making any car, let alone a BMW, fully track ready for a £1000 isn't possible. Even stretching into second hand bits won't get you something that is fast, safe and reliable.

When I say fully track ready, I mean ready to do 5 days one after the other, after the other with only a fluid change.

Even preparing an old cheap 205 gets expensive and thats just to have something that is reasonably fast, nothing special. Incidently parts are very cheap for 205's as well.

A basic mi16 in a 205 is a grand
sorting out other peoples wrong'uns £100
Seat £100-300
Harness £100
LSD £540-700
Slicks x 4 £100-400
Inters £100-400
Wets £100-400
Front yellows £46
Rear yellows £42
Fluid £15 a time
Oil and filter £30 a time
Cage £200-600
Timing belt £80

Another 20bhp is available for around £100 which seems good value when you consider the above list!

Then all of the time to prepare a reliable car plus all the 'free' modifations you carry out as well.

I can't see how it is viable to do for £200 including petrol, your time to get too and from the circuit, wear on tyres and brakes. I would have thought at least double that, providing the car is actually any good

Despite our mi16 only costing £800, I dread to think of all of the bills that have racked up, we haven't even done any major damage yet! A popped gearbox at £50 is the biggest unexpected bill, its the other ones that add up. Once I change the cam it should have around 230bhp per ton so its competitive at least.

[lm11]

March, the tourning is pretty nice you have there though you still have to pay for fuel to and from the track etc..

The offer is still open to people wanting to try their hand at a bit track action. I would be happy to give a bit of tuition to you and your friends if we are at teh same trackday

[geoffrey]

Just to give you my point of view you'd be insane to let any one in the car without them having full insurance. And also, my e30 was a grand and its track ready all but a cage.

You say the car is track prepped? But dont mention it having an LSD? Personally that and some brake cooloing would be the first 2 track prepping procedures I would do. Unless you like spinning the hell out of the inside wheel leaving corners.

[march109]

Just to clear it up, I'm not including petrol, tax and insurance in estimates, you'd have to pay for them on any car realistically. Nor do I think you could 'build' a 'decent' track spec car for that, doesn't mean you can't buy one though. Jon your list has items on that are a little excessive and some which would be a matter of course wether the car was a track car or not imo. For instance I feel no need to have a roll cage for track days, if I was actually racing hard and competetivly then I probably would.

My touring isn't a proper 'track' car as you define it, it is fully serviced every 6 months, Brake pads and fluid are uprated as well as front disks and changed when needed. it also has an early 325i lump fitted and an LSD. Its not going to set the world alight in terms of performance and will never set any lap records except possibly most damage in one lap. Remember the touring is used on the road too not reguarly but as and when needed.

Jon its nothing compared to your 205, but its usable and viable. I doubt she'll ever have slicks fitted shes that budget. No cage either.

I agree I doubt you could build a track car for £1000, but I was lucky enough to get it at a good price allready done, thankfully track prepped cars (or stripped ones) arn't very popular in the current climate, and I've no doubt the previous owner didn't make any money on it.

Back to the original topic though £200 is a very good price, I'd as I said be asking for more if I was considering it. I would definatly appreciate some tuition too. I'd perhaps consider just including half a tank of fuel per rental and stipulate you don't mind it coming back empty. Also I'd have an agreement in place to ensure the hirer pays for it to be recovered to your address regardless of condition/state ect.

[fuzzy]

doesnt track day insurance have really high excess making it virtually worthless for cheap cars?
and all this talk off signed agreements etc...? how would thye be enforcable should the hirer just walk away? then you would need to raise small claims actions etc?

[Chris-W]

And its the one on the left:[/img]

You're going to do track days in an old diesel Range Rover?

[march109]

And its the one on the left:

You're going to do track days in an old diesel Range Rover?

Nope the E30 on the left, but you knew that! Is the rangie yours?

[Jon_Bmw]

Points well made Gareth, for £1000 with the slipper, it does sound a bargain. I have seen it when it was in Neils possesion at Guilford and Pod IIRC.

To the OP, could you not insist for the first half a day that you accompany the driver and market it as a mornings free tuition? That way you have some control over what the car is going to be doing and make adjustments to the driver or tell him to sling his hook etc.

I like the idea, but with the reccesion BS its possibly the wrong time for most?

[Chris-W]

And its the one on the left:

You're going to do track days in an old diesel Range Rover?

Nope the E30 on the left, but you knew that! Is the rangie yours?

Sadly yes. It's part of a plan to always have something more troublesome and expensive to maintain than my wife.

So you bought Nelly's touring?

[march109]

Old news that is, but yeah. Bit of a bargain imo, then popped over to oze30's and picked up more rubbish. I need a bigger shed.

[ShakeyC]

Public liability insurance would be needed for the person who owns the car, then built to either MSA or FIA standards to qualify in most race series and then you would be able to hire it out for track days otherwis just hiring it out for track days risks are too high if somone gets hurt you would be liable regardless of damage to the car.

Do it properly or not at all, get insurance to cover your backsides on both parties!

[lm11]

And its the one on the left:[/img]

You're going to do track days in an old diesel Range Rover?

Haha

So guys, Donnington is coming up in March so any people wanting to try a track day drop me a PM.

Luke

[Brian28]

I had planned to hire out my race car for track days to help pay for race costs. I was also offering tuition but that's because I'm a freelance trainer, if I gave "training" in the car I could write off all of the build costs and a few track days etc as a business expense . I tried a few track day companies, as in the post above I couldn't get anybody to accept it without having my own public liability insurance. I have professional indemnity insurance, but not public liability. The cost of that was going to be a lot more than I'd ever have made out of hiring out the car. Don't mean to pee on your fireworks, but worth ringing round to make sure that track day organisers will take the car as a hired one.

[lm11]

Surely it is the same as a friend as an extra driver though?

Also, I will be in the car giving tuition and making sure the driver is not being silly.

[paulg390]

To be honest being very aware of the costs of running a 327 for track use I think £200 to hire one for a day is a complete bargain ! Excluding the notional "peace of mind" valeu and lack of on the day worries, by the time you factor in tyres, brakes, fluid changes, and the odd "breakage" plus the hassle having to drive a stripped out racer there and back (or lumping a trailer up and down the motorways) I reckon thats a real good deal. In fact I may be tempted myself !

[lm11]

Good man! It is indeed a bargain.

Theres some coming up over the next few months so get your names down to be part of the fun! Im only doing donnington at the minute as it has nice run offs and its not to far from me

Cheers