Quote:
Originally posted by hughett
Count the purchase as a hobby purchase that will cost you several thousand a year (or possibly much more) to keep up, and you'll be fine. It took $8k before I got my 928 to the level I wanted it. I paid $14,500 to buy, added $8k in repairs, etc...and (today) it has a market value of $6,000....hmmm. My math is not working right. I've decided to keep it all my life as I'm in too deep to get out. But I LOVE that car (obviously). I sure and heck didn't buy it to come out even on....but I can "wax" most cars built the same year and many later. It's a luxurious touring car..but not cheap to maintain. The 944/968 may be a bit better but the trend may be the same..particularly where there are unknowns.
Tell your wife that it's a hobby that's much cheaper than another woman and you'll be entirely right and perhaps she'll have some compassion when you tell her what some of the parts cost.
I try to talk all my friends out of buying older Porsches because I want to keep them as friends.
Harvey
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I totaled up the receipts that came with my 944 from the previous two owners(both best buddies, realy both of their car's). Came out to $5600 since 2000, plus a used '89 transaxel. Real pity, they got an a car that needed a top end rebuild, I don't know whether they went into it knowing or not. I've got about $3k I want to put into it in the next few months at the suspension, at which point its time to take it out to the track.