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I disagree with not taking out a loan on a vehicle, especially an older 911. Everyone knows with proper care and maintenance, you can resell for at least what you paid. Unless, you did not do your PPI and got stuck with a money pit. My brother-in-law sold his 911 Cab for $3000 more than he paid after 2 years of ownership. 2nd Mortgage or equity loans are the best choice for the interest right off.
My cost of maintaining my 87 Cab has been extremely low. Not sure how much money will need to be spent on <5k 944.
I do agree with insuring the vehicle with full coverage even if you have the title.
Just my .02
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