Quote:
Originally Posted by Matt Monson
Nope. Other way around. It’s part of how we got here. They reached the point where a ton of them needed engine rebuilds. Suddenly all these $10-15K SCs needed $10-15K in engine work. That made nice low mileage ones that didn’t need it or nice higher mileage ones that had already had it worth more. It’s a cycle.
I remember 15 years ago when people thought you were out of your mind if you spent $10K rebuilding a 356 engine. It’s part of why so many aren’t numbers matching andhave 912 engines in them. But the guys who built them and restored them and spent $40-50K over ten years of ownership eventually came even and are now ahead.
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Disagree about that being how we got here. There is no rule that hobbies have to break even... just ask all the guys who keep pouring money into old Citroens. Plenty of guys will be "upside down" when their cars need rebuilds in the future.