Man Who Took Out Million-Dollar Loan to Pursue Motorsports Needs More Funding After Strong First Half of Season
November 16, 2024

"At least I got a whole half season."

COSTA MESA—Jacob Vargas, a 29-year-old amateur racer, made headlines earlier this year when he took out a million-dollar loan to pursue his motorsports dream. After a promising first half of the season, Vargas now finds himself in need of additional funding to keep his racing aspirations alive.

“I worked out a great budget for a successful season,” Vargas explained. “Turns out, racing is a lot more expensive than I thought. At least I got a whole half season.”

Vargas’s ambitious gamble seemed to be paying off at first. With multiple top-five finishes in the season’s opening races, he managed to catch the attention of fans and media alike. However, the costs of maintaining a competitive race car have proven relentless. From travel expenses and tire replacements to high-end mechanics and parts, Vargas’s budget quickly spiraled beyond his initial loan.

“Jake is talented,” remarked Mark Santis, a longtime friend and fellow racer. “He’s done well, but he should have known to get a bigger loan from the start. You can’t just stop mid-season and expect to keep your spot. He’s already stretched to the max, and the season’s only halfway through.”

Despite the financial strain, Vargas remains determined to see the season through and is actively searching for additional investors or sponsorships. “I’ve put everything into this dream. I can’t walk away now—not after proving I can compete,” he said. “I just need like 3 to 10 million dollars. I’ll do anything.”

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