$10k sounds like a lot, but it doesn’t get you far when you sit down and plan it out :(
I have receipts that add up to $44k……spent on my S3 by the previous owner in the space of 3 years! You will never get your money back, but it is the enjoyment of the project and the end product that counts……time and money well spent if you are going to do the work with your Dad :)
A VR6 conversion is feasible and unique for a Mk2 in Australia. At the end of the day, ease of access to the parts will keep the costs down. I can tell that trying to find a balance between the Mk1 and Mk2 is going to do your head in :D All part of the fun of ownership :D
Just a list of things to consider for all of us considering a conversion project:
1. Make sure the project is realistically achievable. Are you capable of doing most of the labor intensive work yourself? Many projects begin with great enthusiasm, but never get finished due to skill and financial issues!
2. The more complicated the conversion, the longer the car is off the road. How long can you do without the car? It always takes longer than planned to complete a conversion!
3. Is the car to be used as a daily driver or weekend cruiser? This will obviously influence the direction your project takes.
4. Have you got easy access to all of the parts required? Donor cars or someone with access to the parts you require will help.
5. Plan it out before you begin. This will hopefully minimise the amount you go over budget. There are always lots of hidden costs that can be overlooked.
6. Are further upgrades to the conversion possible? People always want more when they have finished! Can you get more from the car down the track, such as a turbo/program upgrade on a 20vt conversion?
7. Is it a car you wish to keep long term? If not, can you justify the time and money spent? It will be the buyer that benefits from all your hard work!
8. Don’t take short cuts! Be prepared to spend what is required to ensure a quality product. It is well worth it in the end. A VR6 conversion without brake and suspension upgrades??
9. Uniqueness and power? It is certainly the uniqueness of a project that appeals to me. However, consider the money spent for the power achieved! A simple 16v conversion or a more complicated and costly 20vt conversion running a standard 150bhp??
Very boring of me, but I'm sure others can add more!!