It seems, from what I've read and from my own experience, that one of the big time wasters in getting our hot rods done is waiting for the spare money to buy parts. May I recommend this formula given to me by someone who was smarter and richer than I am: 1. Get rid of your car, insurance and interest payments and buy an ugly, cheap, reliable old car. Buy only liability insurance for it - it's a faction of the cost of full coverage. I found a 1992 Toyota Corolla with 145,000 miles on it for $300. Another $150 worth of junk yard parts and it was an ugly driver. I've driven it nearly 11 months now without any costly breakdowns. So far, that's only $40 per month if it dies tomorrow. Even if it did, an entire engine with all the bits and pieces only costs $140.00 from the local Pick-n-pull junk yard. Contrary to popular belief, it's been comfortable and reliable. The car before this one was an old Grand Marquis with pealing paint that I bought for $2000 and drove for 5 years. That's only $33 per month. In order for it to be reliable AND cheap, it will most likely have to be ugly. Many people sell ugly cars cheap even though they're still mechanically good because of the perception that if they're ugly, they must be unreliable. Also, sometimes thier ego won't let them drive an ugly car. You can profit from this if you're humble. 2. Pay yourself the same amount you were paying to someone else in car payments and insurance payments - but don't spend any of it yet! 3. This is the most important part of the formula that makes it all work: Build up $1000.00 in the bank to cover real emergencies. A real emergency is a toothache or a blown tire - not a good deal on another parts car that might get away if you don't buy it now. Let it go until you have some savings. Don't touch that money unless you have to. It will keep you from doing stupid things to come up with fast cash. Without that money in the bank, you will never get ahead because something unexpected will always knock you back down. 4. After that, build up another $500.00 for those good deals that you WILL run across. How many times have you had to let something get away because you didn't have the cash to get it? 5. Once you have the $1500.00 saved up, spend all that money that you were giving away every month on YOUR project (or save it for a bigger purchase next month). Now you have a big chunk of money each month to throw at the project car. Your friends may laugh at you for driving an ugly, cheap car. Just hang a picture or two around of the car you're saving up for and tell them that's why you're driving the ugly car for a while. Most people will get it. If they don't immediately, they will when you drive up in your shiny new hot rod. My car payments plus insurance payments added up to $480 per month. In one year, that's $5760 in savings. In 6 years, I've saved an incredible $34,560 to spend on my hot rod. (It didn't all get spent there.) Your numbers may be different, but the principals are the same. Or, you can keep giving all your money away each month to strangers, so that you can appear normal to people who only vaguely notice what you drive for about one second - and then go back to thinking about themselves. Hope this helps someone get a hot rod that would have otherwise been doomed to always driving a new car (or an expensive used car).