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Recession proof? I bought a low mileage 87 911 in great condition in 2001, and sold it for pretty much what I paid for it 8 years later, during the spring of 2009 when the economy was in the soup. Figured the cost at about $1,000 per year, much of which was not for maintenance but for "upgrades" that weren't strictly necessary (wheels, steering wheel, etc.)
Only kind of car that you can't lose money on is usually: 1. Well-built with good parts availability. 2. Desirable enough to be sought after years later when you sell it (or so cheap to start with that the cost doesn't amount to much). 3. Old enough to have bottomed on the depreciation curve. Don't know enough about #1, seems cheap enough for #2 if you keep it long enough, and seems to have bottomed for #3. The Audi might work.... |
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E36 M3. And learn how to fix it your self.
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I remember being on the phone with VWOA screaming "People's car my ass!!!" after the latest Corrado breakdown. Sunroof cable broke, and they only sold complete sunroof assemblies - $800 in parts in 1998. Two weeks earlier, my 911 sunroof had broken...$6 to fix. Man that VR6 SLC was fun to drive, but heaven help you when it broke. And it LOVED to break. |
Personally i find VW's to be sorely lacking in quality.
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the way it was said to me by an authority: "white-colored autos hold their value better than any other color." |
You just need to drive your cars Palumbo!!!!!!!!!!!!!!!
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The Audi coupe is lovely but I wouldn't touch one with a ten-foot pole. Went to school with a fellow who was quite the Audi Fan (4000 and his father had a 5000). Always working on them and something was ALWAYS wrong. I was driving a $75 car that I'd bought at a garage sale and he would have to borrow my car to chase parts for the damned Audi. The last straw came on his graduation day when I had to help push his father's 5000 because the transmission went on on a car that had 40K on the clock. I was wearing a dress and heels. I was REALLY pissed about pushing that fatas$ beige Audi across the highway and into a parking lot. :mad: Hate them. angela |
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Since that car is somewhat rare (but not an exotic!) parts can be difficult to come by as well. Still, the SVC is a wonderfully build car. -Z |
thx - I'd love to have an SVX motor in my Vanagon...
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buy a diesel powereed vw or mercedes.
/ thread you won't ever lose a dime and probably will make $ if gas goes up like I think it will |
Corolla.
In fact Corolla is the answer to all motoring needs, ah, other than racing :( |
You guys got it all wrong. Go buy a $1,000 car from the Penny Ads. If it lasts at least 3 months, you got your money out of it and if it goes a year, you are golden. When it dies, shoot it and get another.
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insured it with liability only....had a girl hit me back in february. her insurance co paid me, and let me keep the car. i've MADE a couple of grand on it |
RKC nailed it. Buy a car that started out expensive, is cheap today, and is at least semi-desirable. But if you want cheap to run you'd be best to avoid German, and should absolutely avoid VW/Audi. I missed if you DIY maintenance and repairs, but that is key. Paying a specialist import wrench $100/hr to frequently repair your $5k car is insane.
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Something like this for a grand?
'84 325e automatic, very good condition with nice factory wheels...NO RUST. new speakers, new master cylinder, motor is very strong and does not use oil. have clean title, I would sell the car as is for 1,000 dollars. or trade for??? http://images.craigslist.org/3ne3oc3...2c30531e45.jpg Not mine... |
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