When will the 911 bubble pop???

[fintstone]

I think you will see the $130k '74 Carrera relisted.

[SilberUrS6]

Originally Posted by fintstone

I think you will see the $130k '74 Carrera relisted.

And it will go for more. The market for these rare mid-years is going absolutely nuts.

[Rob 930]

One of the considerations that tends not to get discussed here is that cars are perishable and have significant costs associated with their ownership. This dulls the luster of justifying them as am investment. Aside from the usual yearly fee for registration and insurance (the latter of which can be a significant sum -- to the tune of a couple of percent per year) there are other real costs too. First, there are transaction costs as a buyer -- inspections, travel, shipping, taxes, and of course upgrades and replacement of stuff that you want to fix right away. Who ever figures that into their report of how much their car appreciated? How about normal maintenance if the car is being used -- such as that $18K engine rebuild that your 911 got last year? You know, the one you did because the valve guides needed replacement, but you couldn't stop yourself because you were "in there anyway." Or look at storage. You might have space in your garage, but it could be used for other useful purposes too -- or you could rent out that space for a couple hundred per month. Maybe you even bought that big garage (with an attached house) so you could store your babies. Then there's upkeep. Tires deteriorate. Oil seals dry out. Paint oxidizes and rubber trim gets old. Fluids need changing. The car needs to be exercised, so it gets some wear and tear, and the odometer miles go up. Stuff happens on the road and in the garage. Of course, most of us drive our cars and get some enjoyment and use from them, which needs to be figured in too. But it should be remembered that a collector car may or may not appreciate each year, but it *will* require expenditure of funds to keep it current. Granted, most investments have some sort of yearly cost associated with them, but I think cars have a particularly high carrying cost that almost never gets mentioned in enthusiast forums like this.

[rayng]

Originally Posted by Rob 930

One of the considerations that tends not to get discussed here is that cars are perishable and have significant costs associated with their ownership. This dulls the luster of justifying them as am investment. Aside from the usual yearly fee for registration and insurance (the latter of which can be a significant sum -- to the tune of a couple of percent per year) there are other real costs too. First, there are transaction costs as a buyer -- inspections, travel, shipping, taxes, and of course upgrades and replacement of stuff that you want to fix right away. Who ever figures that into their report of how much their car appreciated? How about normal maintenance if the car is being used -- such as that $18K engine rebuild that your 911 got last year? You know, the one you did because the valve guides needed replacement, but you couldn't stop yourself because you were "in there anyway." Or look at storage. You might have space in your garage, but it could be used for other useful purposes too -- or you could rent out that space for a couple hundred per month. Maybe you even bought that big garage (with an attached house) so you could store your babies. Then there's upkeep. Tires deteriorate. Oil seals dry out. Paint oxidizes and rubber trim gets old. Fluids need changing. The car needs to be exercised, so it gets some wear and tear, and the odometer miles go up. Stuff happens on the road and in the garage. Of course, most of us drive our cars and get some enjoyment and use from them, which needs to be figured in too. But it should be remembered that a collector car may or may not appreciate each year, but it *will* require expenditure of funds to keep it current. Granted, most investments have some sort of yearly cost associated with them, but I think cars have a particularly high carrying cost that almost never gets mentioned in enthusiast forums like this.

Women and children are worse "investments" but people seem to partake--sometimes with complete abandon. Opportunity costs exist. But are these other options like the stock/bond/real estate market always better investments? I heard a guy named Madoff guaranteed double digit returns year over year. Invest in Vegas and Florida real estate? What about dot.coms?

Life is too short. Most of us who buy Porsches love our cars. Of course we could buy a something else with our money. But we can't drive money (Sienfeld).

[Nathans_Dad]

Originally Posted by porsche4life

Rick if you want to sell the 911 I'll buy it. . 25k and I'll have it out of your hair. No little crap to fix.

Hrm, tempting...

[cairns]

Someone asking $195K for a 73S in Pano this week....ridiculous IMO.

[Jrboulder]

Originally Posted by Rob 930

One of the considerations that tends not to get discussed here is that cars are perishable and have significant costs associated with their ownership. This dulls the luster of justifying them as am investment. Aside from the usual yearly fee for registration and insurance (the latter of which can be a significant sum -- to the tune of a couple of percent per year) there are other real costs too. First, there are transaction costs as a buyer -- inspections, travel, shipping, taxes, and of course upgrades and replacement of stuff that you want to fix right away. Who ever figures that into their report of how much their car appreciated? How about normal maintenance if the car is being used -- such as that $18K engine rebuild that your 911 got last year? You know, the one you did because the valve guides needed replacement, but you couldn't stop yourself because you were "in there anyway." Or look at storage. You might have space in your garage, but it could be used for other useful purposes too -- or you could rent out that space for a couple hundred per month. Maybe you even bought that big garage (with an attached house) so you could store your babies. Then there's upkeep. Tires deteriorate. Oil seals dry out. Paint oxidizes and rubber trim gets old. Fluids need changing. The car needs to be exercised, so it gets some wear and tear, and the odometer miles go up. Stuff happens on the road and in the garage. Of course, most of us drive our cars and get some enjoyment and use from them, which needs to be figured in too. But it should be remembered that a collector car may or may not appreciate each year, but it *will* require expenditure of funds to keep it current. Granted, most investments have some sort of yearly cost associated with them, but I think cars have a particularly high carrying cost that almost never gets mentioned in enthusiast forums like this.

Even though my car is worth 2-2.5 times what I paid for it 2 years ago I doubt I'd make money selling it. At best I'd come out at a wash. Still, for 2 years of a backup daily driver/ hobby car it's a pretty good deal.

[GG Allin]

Aside from being a Targa, why is this car not 6 figures? I'm trying to understand the whole "mid year" Carrera thing.

Porsche 911 | eBay

[greglepore]

Originally Posted by GG Allin

Aside from being a Targa, why is this car not 6 figures? I'm trying to understand the whole "mid year" Carrera thing.

Porsche 911 | eBay

2.7's are common. 3 liters are rare, especially Targa's

Porsche 911 Carrera 3.0

[GG Allin]

Originally Posted by greglepore

2.7's are common. 3 liters are rare, especially Targa's

Porsche 911 Carrera 3.0

That link refers to MFI cars. The car in the OP is 2.7 CIS.

[sc_rufctr]

I don't think it's a bubble.

The 911 is unique in the motoring world and it's actually nice to drive. (Have you ever driven an E Type Jag without power steering?)
Their reputation for being well built and robust is also well deserved.

Sure they have problems but we all know you can DIY them and that alone is very attractive.

[greglepore]

Originally Posted by GG Allin

That link refers to MFI cars. The car in the OP is 2.7 CIS.

Yes, it's a CIS 2.7. The 3.0 Carrera, the rare one, is a K-jetronic car but was limited production. They are the Carrera's worth big coin.

[onewhippedpuppy]

Also interesting that with the hysteria, there are suddenly a TON of scam ads. They are getting more creative too by providing a phone number. Though it's pretty obvious when the Indian man can't answer a single detailed question about the car.

[fintstone]

Originally Posted by SilberUrS6

And it will go for more. The market for these rare mid-years is going absolutely nuts.

A 2.7 CIS '74....Nah.

[afterburn 549]

Idono I watch the for sale stuff a lot........I see the out of sight ones relisted all the time.
There are some nice 911 cars available under 30K.
I see the whack adds too.
Like said many times "it is only worth what will be actually payed for it."

[GWN7]

The market has popped. I listed my 69 last night and it hasn't sold yet.

[sc_rufctr]

An example of the market popping.

This is an Aussie built Ford GT Shaker. For a long time this held the record for the fastest 4 door production car in the world.

Between 10 and 15 years ago a near perfect low mileage cars were selling for about $750,000.
People were actually buying the Ford VIN plates from wrecked cars and recreating fakes trying to cash in on the bubble.

Now you'd be lucky to make $300,000 but I wont even try to guess what they may be worth in another 10 years.

......... Do you enjoy gambling? "Speculation" is a big part of the classic car market.

[nota]

please that will not beat a big block 60's 4 door with only a 351
maybe fastest 4 door in upsidedown land in a given year
not even top 10 here in the USA vs hemi's and other factory built big blocks

[sc_rufctr]

Originally Posted by nota

please that will not beat a big block 60's 4 door with only a 351
maybe fastest 4 door in upsidedown land in a given year
not even top 10 here in the USA vs hemi's and other factory built big blocks

Yes your're probably right but it was capable of a 14.2 1/4 mile off the factory floor. (Phase 3, auto)
I guess we have the advantage of gravity down under.

http://http://en.m.wikipedia.org/wiki/Ford_XY_Falcon_GT

[johnco]

QUICK! someone make me a decent offer on my 74 911s