Quote:
Originally Posted by Bash
Optimal automobile- G50 targa, 120K/12K on rebuild, three owner car, any color but red.....
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G50 with a rebuild?
You will need to be very patient to find that for $20k.
You are describing a $25k car.
For $20k, it will need to be from a Pennysaver seller who has not noticed prices have risen in the last 1-2 years.
Or a cabriolet.
But, not a G50.
G50's seem to bottom out in the low 20s.
A decent one 120k miles is mid 20s.
A "nice" sorted one under 100k is $30k.
For 20k, more realistically, you'll find an SC or a 3.2 with higher miles.
But....if you buy a 20k car, you should also have $5k set aside to sort out an older performance car.
Also, look into the odds of a $6k top end, $15k rebuild, or $6k gearbox rebuild. What if more than one goes?
Personally, I wouldn't go into this without $10k, ideally $20k, set aside in emergency cash.
But, that just my comfort zone. The last thing you want it top drop $20k and have to park the car when you can't afford a repair.
I think this needs to be said, and is just my opinion.
If you only have $20k, it is my opinion that you can not afford an 80s 911.
You're much better off with a BMW or S2000 or WRX for $10k-15k and having a cash buffer.
Buy the 911 when you can comfortably afford it.
Patience is a virtue!