best investment today ?

[Jeff Winter]

I thought I`d throw out a question that I think alot of folks would like to hear answered.

Given a `budget` of $10K, what Porsche would you buy today that would pay the most money return on investment over the next ten years??

Yes, I have no interest/confidence in stocks or bonds............... been there , done that.

The clincher is maximum purchase price today of $10,000.............


Example, I`ve doubled my money on a `68 912..........

[trader220]

None, cars are lousey investments unless you're going to drive them for the fun of it

[Jeff Winter]

yeah......... right.

[maxnine11]

a Porsche that would sell for $10k today is not a Porsche that will skyrocket in value when the market eventually turns around.

Listen to uncle trader220, he knows of what he speaks.

[Jeff Winter]

I appreciate your thoughts , however...................

I`m not talking about `skyrocketing market turn-around`. I consider a 50% return on investment pretty darn good. I don`t have deep pockets to invest with however buying a car for $10K or less and selling it eventually for $15 to $20K in a short time frame is all I`m looking for. I didn`t expect to buy for $10K and sell for $50K.
I`m tired of getting burned on little market pluses or minuses, the only ones that are making money off my money are the brokers and agents. The current market situation only amplified my `investment` concerns. I lost 50% in the market some ten or twelve years ago like everyone else did ( I listened to the best brokers and agents ) and since then I`ve mistrusted the money mongrels` system. With todays latest failings I`m convinced I did the right thing by NOT listening to the brokers. I`ve lost nothing over the last 3 or 4 months.
Back to my original question..........
If you were going to buy a Porsche for less than $10K or $15K ( that covers a lot of choices ) , which do you see becomming a `sleeper`in the future? What `horses` have a better chance of `comming back`?

Just throw out a few............... I`m not looking for an indepth dicussion.

What would you buy??

[nota]

944 turbo S

[peters911s]

...

[RacerX1166]

If you do your research, you could realize significant appreciation purchasing almost any desirable Porsche today. G50's that were commanding $28k+ are going for much less right now. There's a 94 C4 on the classifieds that the seller can't give away for $32k (IIRC); those were going for $36k+ a year ago.

However, the price of entry will be higher than $10-15k to reap a return in 5 years.

Keep in mind that a purchase of this type for investment is not like buying a commodity. You can't say 'if you can find a G50 for less than $18k, buy it' like you can with, say gold. It takes a lot of research to make the right buy.

Personally, if I had some money lying around, I'd be buying some of the aforementioned commodities or stocks since most are a bargain right now as well.

[the]

10 year time frame . . . 73-74 914 2.0 in rust free, and as stock and original as possible (fuel injection, etc.), condition.

[the]

Are early 912s still under 10K? That'd be good, too.

[trader220]

There is a difference in buying a car and putting some more money and sweat equity in it to try and sell it for a profit over buying a car and flipping it in a years time. The simple answer is that none of these cars is going to increase in price as an investment. That does not mean if you're a savvy buyer you cant flip one for a profit and if you're talking about sub 10k cars then from a % basis the return may look high.

Looking at a 10k car you could sell for 12k in 12 to 18 months time you also need to consider the cost to carry that car, that money could have been earning some interest risk free elsewhere. Then take out your taxes, since you'll have paid sales tax, and your other costs such as paying to list the car for sale and registration and insurance.

Yes cars have come down in price but that does not mean if we soon start a slow economic recovery that these cars will return to their former prices, the truth is almost none of them will as they age. I believe a lot of them are reaching the bottom of their decay cycle but it also could be a decade before they see any significant upticks.

Just as a data point I have bought 2 1994 C4 wide body cars in the last 18 months one for 30k and one for slightly more than 30k. IMO thats a really nice car for sale here but its not a screaming buy and dont forget the seller first listed at 45k

[BK911]

Originally Posted by the

10 year time frame . . . 73-74 914 2.0 in rust free, and as stock and original as possible (fuel injection, etc.), condition.

Yup. Also the 1.7s and even the 1.8s are pretty much bottomed out and will be appreciating soon.

Same goes for a nice SC or Carrera. These cars are really close to bottomed out too. Nice original ones, not one that the PO butchered up.

[trader220]

$10,000 means different things to different people. In my mind 10 grand is not an amount i use to try and flip cars. Before I started selling Porsches I used to flip em for the ability to drive what I wanted for a short period and make a buck if I could, but I used a lot more capital. Personally if I was going to toss 10 grand around I would not be looking at a car for a flip. For 10k I would probably put a 3.6 in my targa and make it a keeper.

[Jeff Winter]

Now we`re talking!

Trader.......... thanks for your insight, sounds as though you didn`t fall off the turnip truck yesterday. Sadly my gambl`n money pot is a bit smaller than yours. 8-) Thanks just the same.

Yep , a nice clean stock 914 could work, hadn`t thought of that one. I did buy a nice completely stock rust free 912 and have tripled my money there.......... good choice. I`m finding the 912s to be the fast mover these days.

Keep up the suggestions ! This could get interesting....................

[trader220]

Originally Posted by Jeff Winter

Now we`re talking!


I did buy a nice completely stock rust free 912 and have tripled my money there.......... good choice. I`m finding the 912s to be the fast mover these days.

Keep up the suggestions ! This could get interesting....................

Is that a different 912 then the one you doubled your money on in your earlier post in this thread?

The 912 market it pretty thin, i dont find the market in them to be fast moving at all, in fact I would say the opposite, I know some nice ones priced well that have gone unsold for many months. I have bot/sold a ton of 911's and yea sometimes you're a buyer in the right place at the right time and sometimes you're a seller in the right place at the right time but its really really tough to double or triple your money unless you're talking about a non running roller and you part it out or have a buyer in your pocket.

I looked at a 84 ROW coupe which was close to running but not quite and had a totally shot interior. Now thats a car I could pick up from the guy for 3 k and double my money but thats a crap shoot not an investment.

[glenndeweirdt]

So you get a 50% return on your $10K investment!!!! What's the point? Spend $10K on a car you can love for the next five years or so and if you are lucky still sell it for $10k when you are done. Here is my "Porsche Return On Investement Equation"

ROI=initial cost+expenses-sales price/time/fun

Sorry, it does not reduce to a quantifiable return! Any arguments?

[trader220]

glenn perfect answer for what its worth I totally agree. With savvy buying I have driven several very nice 911's including my RSA for 6 months and a 993 C2S for almost no cost. Hindsight says had I not sold the RSA I could have used it for years at no cost besides time value of money ( not counting fuel and insurance)

[John Schaefer]

Most fun for the least $$$ in today's market w/ the best potential for future appreciation: 914 2.0 FI (old school), 80-82 924 turbo (new turbo tech), 968 (end of the first front engine era).

[Jeff Winter]

I tripled my investment on the 912........... I was being `conservative` on the first quote of `doubling`. 8-)

Did I buy it `right`? Yep!! Did I drive it some? Yep! Did I repair it some? Yep!

I understand what`s being said.......... I guess being a mechanic helps me here.

[trader220]

So you bought a 3k or so 912 and you sold it for 10k with little to no investment in parts, time, and taxes?

No offense but thats a long shot.