Investment Vehicle
It was fun getting to know my truck when I first bought it. As I said, I knew it had the basic requirements I wanted. I had the general maintenance book for 1961 to 1971 Dodge trucks which let me know its internal secrets. Next I bought the specific engine repair manual and the chassis manual for the 1971 D200 model. These told me everything I needed to know about the engine, transmission, brakes, body and every little piece of chrome. I specialized in knowing all about this one truck.
I did not expect everything, or anything, on the truck to work perfectly. As problems arose I consulted my manuals and figured out what to do. This saved me serious amounts of money over the years. Gradually all systems were brought to good working order, which gave me more confidence about returning home with no breakdowns when I took a trip. Even when something went wrong I became increasingly skilled in taking care of it on the spot.
My truck was my hobby. Each year I brought it into the garage to do some upgrading. I cleaned up the body, hammered out and filled dents and gave it a paint job using Rustoleum gloss black paint applied with a brush. I think there are about nine coats on there now from those bodywork sessions. Someday I will have it professionally painted. The Rustoleum preserves it until then.
I considered the cost of such things as rebuilding the brakes one year, a new exhaust system another year, rebuilding the transmission, new suspension bushings, dual batteries, an electronic ignition, a sound system, and two-way radio as my version of car payments. Instead of my vehicle becoming worth less after each ‘payment’ it was becoming more valuable in practical ways.
When the government, in its wisdom, outlawed lead in gasoline, condemning older engines to early deaths, I took the cylinder heads to an engine rebuilder and had special valves installed so I could use unleaded gas. My research had also led me to one of those rare 245 horsepower engines I mentioned earlier. I bought it for $75 from a junkyard, had it rebuilt, and bolted it to the heads. Now I have a customized engine. It is not a racing engine, though I could have gone that route. My engine is meant to have extra torque at low RPMs. With a load of rocks in the back I can drive slowly up a steep hill out of a quarry without straining the engine.
Over the years I have collected strategic spare parts for my truck. Water pumps tend to wear out on these engines so I have two extra ones in storage. I have extra carburetors, starters, fuel pumps, a distributor, and lots of odds and ends. Since the parts are also antiques they increase in value too.
As an Alternative Builder I could not resist giving my truck some custom touches. I built in a console, storage compartments, a dashboard and other projects out of wood. I moved the gas tank from behind the seat into the bed of the truck for safety reasons and enclosed it in a wooden case.
The lesson for you to take away from all this car talk is that you consider a new perspective regarding your choice of vehicle. Lose the Lexus and the monthly payments, set a budget for a vehicle and spend half of it buying one you can love that fits your lifestyle as a builder. Spend the other half of your budget getting the vehicle in good running condition for your work, and learn about its innards from the manuals that you buy. That should set you up with economical, practical transportation for Year Two of becoming a builder. Later, when you have more money, you can increase the worth of your chosen oldy and enjoy it as a hobby and an increasingly valuable asset.
So, this vehicle investment course during Year One will save you money, get you practical transportation and give you knowledge that you can use for life.
