yes, and i know, however I only put in 350 to 400 dollars of that. I already have a car that i bought from my uncle, and tis' a 1993 mazda miata. Granted, I took out my entire savings account to do that, but my college fund is still intact, and I have a job working for my uncle, which is how I paid that 375 or so into the boat fund.
I would be saving some money by doing this primitively, though. Power tools, relative to hand-tools, is quite expensive.