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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,332
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- Peter |
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06-02-2015, 06:52 AM
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Get off my lawn!
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I will set my hair on fire before I go back to being a landlord. BTDT ain't goin back. My 911 is a fun TOY not an investment. I have investments. They are boring as heck.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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06-02-2015, 07:47 AM
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Registered
Join Date: Sep 2007
Location: Ventura County, CA
Posts: 4,018
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Stocks and Mutual funds are like watching grass grow…or die….but they don't ***** about every little thing, you don't have to threaten legal action to get your dividend income, and evicting a mutual fund is just one touch on the keyboard.
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Craig T Volvo V60 - Daily Driver (I love it!) 997 Turbo - FVD Exhaust, GIAC Tune - 542 dyno hp on 93 oct 1972 Chevy K-10 Pick-Up Truck Hugger Orange 
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06-02-2015, 08:37 AM
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I've never let the theoretical paper value of my '84 Carrera Cab bother me in the least. I drive it (top down nearly always) for the pure enjoyment of it. I park it pretty much anywhere. I take decent care of it, and enjoy working on it. It is not, and never was a financial investment in my mind.
Driving that car takes me back to my youth in the early 70's and 80's when my (now deceased) father used to own a 911. I loved that car - all 911's - and always wanted one of my own. Well, for the past eleven years, I have. I will enjoy it for a long, long time. As some others here have mentioned, everywhere I look there are cars worth a hell of a lot more than my Carrera. These cars aren't '73 Carrera RS's or old Bugattis. |
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06-02-2015, 09:25 AM
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Registered
Join Date: Jan 2004
Location: Docking Bay 94
Posts: 7,013
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Kurt |
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06-02-2015, 10:38 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,515
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The more sought after by others my car became, the less I enjoyed driving it. So, I passed it on to a dear friend who won't join the ranks of flippers. Yes, I gave him a damned good "friends" price, but I was never into Porsches for money.
Here's the old thread...heavily modded and then closed because of the nasty posts made by people who are the new breed of early 911 fans...the type I don't like much. Adios, old friend... Guess I was kind of ahead of the curve... Logging off now...with thanks to the friend who brought this thread to my attention..
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-02-2015, 10:39 AM
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Now in 993 land ...
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06-02-2015, 10:41 AM
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Now in 993 land ...
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You guys are a bunch of wusses. Unless you make $30k a year a 930 or an early car are not worth that much. I know plenty of blue collar guys driving $70k diesel trucks. Doesn't seem to phase them a bit. Of course generally this board is full of financially conservative mid-aged guys, so you probably aren't huge risk takers on your cars either.
My 993 was expensive to me when I bought it and my income level has increased at about the same level as the value of the car. This makes it easy. I still drive it whenever I want. I still park it in the street and overnight. The only point I hesitate a bit more is track driving. I may only go 7/10 now instead of 9/10.  The track is the only place you'll lose the car unless you have track insurance. G |
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06-02-2015, 10:45 AM
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Low Class Yuppie
Join Date: Jan 2014
Location: Cleveland, Ohio
Posts: 33
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Don't sell it because of the flippers, speculators, and assorted other wannabe d-bags. Unless you're looking to cash out and leave them holding the bag when the bubble inevitably bursts, which I support 100%. 
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-Cam 1984 Porsche 911 Carrera Coupe "Porsche ownership is like AA. You can be a hedge fund manager or a stock boy at Menard's. Nobody cares. Common ground." -Bob Kontak |
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06-02-2015, 11:28 AM
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Registered
Join Date: Dec 1999
Location: Ft. Collins, CO USA
Posts: 383
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There is a subscriber on this board (can't think of his name) who had in his sig line the following:
Don’t let your Classic car languish in your garage for the crime of being Collectible. Peter Egan, contributing editor, Road & Track That is the philosophy I take with my Porsche. I did not buy it as an investment, but as a car I wanted to own ever since I was a kid. I drive it when ever I can, in between driving my '69 MGB. If I did get a ridiculous offer I probably would sell it. I don't worry about it being stolen, I worry more about what would happen to me if I got in wreck since I don't have airbags! Drive 'em and enjoy 'em! Craig
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77 Ice Green 911s w/3.0 |
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06-02-2015, 11:37 AM
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<insert witty title here>
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Current: 1987 911 cabrio Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster |
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06-02-2015, 12:04 PM
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<insert witty title here>
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It would be fun, though...
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Current: 1987 911 cabrio Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster |
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06-02-2015, 12:07 PM
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Get off my lawn!
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What I did was look through the current SELLING prices of cars like mine and got a real handle on what my car is realistically worth. Then I figured out how much it would take to put another Carrera to the point mine is at with the AC upgrade and other tweaks. That is what my car is insured at.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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06-02-2015, 12:23 PM
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As I mentioned there are many recent threads about Pelican members cars being stolen over the past few months. One just recently was stolen from inside his enclosed trailer outside the Motel he was staying at. Luckily it was recovered. STOLEN 911 RACE CAR COLUMBIA S.CAROLINA from HOTEL LOT STOLEN: Black 964, Los angeles HELP!
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89 930 Cab Black 11 Cayenne |
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06-02-2015, 01:25 PM
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Registered User
Join Date: Jun 2014
Posts: 130
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If you bought such a car at 15K/25K, whatever, and it's now worth as much as a small house in some states, you start wondering... It may not be the game you signed for. You went from owning something not too rare worth relative peanuts to something pretty rare & worth a lot, and you don't care for both things the same way. You can think about it and decide to ignore it, but that's a personal call. Some folks are worriers and might be happier with something cheaper... The way things are, it's very hard to to keep up with insurance valuations - say something happens: you will either recover your car w/ diminished value, or have to buy another one which may cost you more, or not be as nice as yours was. Even if you did get full value, you may decide $60-80-120-200K - whatever- is money that's better used elsewhere... Every time I take my car to the shop, the guys tell me people dropped by and asked if it was For Sale. Sometimes they do in person too... It's annoying and sometimes worrisome. If I owned a $200K early S, I would definitely think long and hard (and probably build up a 912 with a 2.0 6 instead). |
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06-02-2015, 01:52 PM
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Registered
Join Date: Mar 2003
Location: Charlottesville Va
Posts: 5,762
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Typ616, spot on. I'm not in the money game yet, with a modded 85, but I drove the snot out of it knowing that if it broke, sitting it down til repairs were in the family budget was no prob. Now, not so much. The "not signed up for" part is more or less that I had a great disposable toy. Now I have an "asset"-not a bad thing, but not what I had the beat the snot out of it car for. And yeah, I could sell it and be rid of the worries, but I REALLY like it and would never be able to replace it in my driving years.
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Greg Lepore 85 Targa 05 Ducati 749s (wrecked, stupidly) 2000 K1200rs (gone, due to above) 05 ST3s (unfinished business) |
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06-02-2015, 04:49 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Copyright "Some Observer" |
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06-03-2015, 10:16 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Yeah sure an older 911 is slow by newer car standards, but you still get a ticket for going more than 70 MPH...
An Appreciating asset vs a Depreciating asset.... any newer car is a money loser..the older ones at least have potential as the depreciation curve has maxed out. And FK you if you think that your precious little car in the garage bay ain't an investment...you gots MONEY tied up in it (sometimes lots of money) and there is a thing called highest and best use of money. So even if you get enjoyment out of it you always have to keep an eye on the money part of the equation. The question becomes would that money in a cash flow investment make a difference in your life style. If yes then maybe it is time to cut loose. Why people think that the prices on early 911's is a "bubble" is beyond me? This is really narrowed minded thinking. Early car prices may fluctuate to a degree, but they ain't never and let me repeat never are going to be cheap again. THEIR TIME HAS COME to be appreciated for what they are and that is a all time classic design. Prices are going to continue to rise on those cars as they have a Global appeal. Unless the world economy blows up you will be looking back and be saying, "Ohh I could have bought one for 200K..." I think 300K to 400K is not out of the realm of possibility in the next few years (exactly when are they going to be making an Early S again?). Early cars were cheap for so long that few (911S) are still in original condition. they are special in the sense that they are light weight agile cars that are pure in their purpose. Later 911's are heavy and ponderous by comparison...
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Copyright "Some Observer" |
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06-03-2015, 10:44 AM
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Registered
Join Date: Apr 2010
Posts: 3,003
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It's just no longer fun for me to drive a noisy slow car always on the verge of catching on fire. I probably haven't driven it 3000 miles this year. I did just finish up a $2600 air conditioning installation and it works ok. It will be my DD until my ordered Tacoma arrives.
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06-03-2015, 04:45 PM
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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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Several BMWs |
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06-03-2015, 05:59 PM
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Carrera
1984 Porsche 911 Carrera Cabriolet
2007 Porsche Cayman
2000 Porsche Carrera
1972 Porsche 911T 2.4
PC
911
American Ironhorse
1987 Porsche 930
1988 Porsche 930
1989 Harley Davidson FLH
My Latest
American Muscle
