[Rob Hood]

What do you guys/gals spend for your annual racing budget? I'm interested in knowing what it costs to race per event. Things like entry fees, fuel, tires, lodging, food, etc. I'm trying to plan a budget to present to the Finance Committee (wife) so she has an idea what we need to spend. I am not including any expenses relating to initial vehicle purchase or preparation.

I am using a value of 10 races in a season, some local, some not. I do realize that I may end up in a region that could have more or less races, so I just decided to use 10 as a nice even number.

[94bird]

Rob, I notice a few racers who have a "business" name plastered all over their car. Instant advertising writeoff. A few of them have told me though that the government has a rule that you can only call something a business and take a tax writeoff on it for a very few years if you're constantly taking a loss each year. Since racing isn't a money making business . . .

I haven't seriously looked into that but if I keep on racing for a while longer I'm sure I will. I would think it could be a hook for a potential sponsor. Tell a business owner you'll advertise for him and take a percentage of the tax writeoff to help offset your racing expenses. Hmm. Win-win situation, right?