Quote:
Originally Posted by jcgranato
PML, I am still confused about your valuation of $30,00-$50,000 for a well sorted 911. I bought a 1985 911 Carerra Targa in August 2013. I had to have it shipped from Texas to North Carolina and have put on new tires, new brakes, new clock, new guage lights, new motor mounts, new engine mounts and a new windshield. All in I have $18,345 invested. My insurance on the car is $169.00 per year for full coverage with a value of $20,000.
|
Sounds like you bought your car for $14k or so. Well, AAPL is not longer trading at $250 either. In 2014, buying a 911 will run you $20k-$30k. All 911's are $30k cars once sorted. The $30k car carries additional risk of needing another $5k of work anyways. I then factored in another $20k based on all the engine and tranny rebuilds these 911's seem to need. So, that's where I arrive at $50k.
Quote:
Originally Posted by 924CarreraGTP
Come on, let the man speak. He can't help that he knows no history of Porsche as the most winning endurance car in history.
Some of us don't give a $h*& about rice burners because we have owned them. They are cheap trash. .
|
I am not a Honda guy. I don't care about brands. I don't really care about car races. I look for good bang for the buck. At $30k-$50k, I don't see a 25 year old 911 as my best bang for my buck. At the $30 price point, I am open to buying a Chevy, Ford, BMW, Audi, Benz, Caddy, Subrau, or Porsche.
Quote:
Originally Posted by X JBM X
On one hand, you analyze the 911 as an investment. On the other, you're comparing performance to modern vehicles, and on the third you discuss value.
Surely you can spend the same amount of money on higher performance, more modern vehicles, but it's not as intriguing to say, "I drive a Civic SI."
|
I am definitely not looking for an investment. But I am looking for compelling value.
Any car I buy, I drive it, maintain it, and expect take a huge loss on it.
If I sell and get some back, cool.
I don't go around bragging about what I drive, so this is not the appeal of a 911 for me.
Quote:
Originally Posted by nicfranc
Hey, I bought my 1980 911 for $8,000 last year and it runs like a swiss watch.
Maybe you just don't know where to look.
|
Well, AAPL is not longer trading at $250 either.
You got very lucky, but the market is different now.
They are now $20k to $30k. All 3.2's are $30k cars.
Quote:
Originally Posted by alfisti
I paid $12,500 for my '87 Carrera. It had 224k miles on the odometer, a 10 foot paint job, slightly tired interior (but presentable).
|
Way too many miles for my taste, but it sounds like a decent find. I'm glad you like your car, but 7 weeks is too early to be bragging at how cheap your running costs are.
You could be looking at major service tomorrow. There's a reason your car was priced at $12k.
My plan is to test drive several brands of cars in the $15k to $30k price range later this summer, and see what is compelling...