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I posted the following in another thread, and I think it succintly encapsulates the OP's question of when a 911 is no longer worth it:
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where it's really crossed into collector car territory (or a mixture of both, in reality). |
What defines a "hobby" car?
Buying and restoring/modifying cars is almost ALWAYS an expensive proposition. You maybe get 50 cents on the dollar for any work you put into a car. What makes it a hobby is that you derive pleasure and enjoyment from the process. Of course you have to weigh the expense vice the enjoyment derived to determine whether it is "right" for you. If it isn't right for you, then fine. But that doesn't devalue the investment of time & resources others put into it. Price owning a horse. Or actually racing cars. Or owning any kind of boat. |
Hobby or driver car is something I pay $10k for, and invest another $10k into.
Investor or collector car is paying $25k and maybe putting in another $25k. Obviously, this is a personal and highly subjective definition. |
Then you probably need to readjust your thinking.
Given your definitions, the only hobby Porsche's I've seen in this price range are old water cooled models, older Boxters and 914s. Most of the older water coolers and 914s at this price (or slightly more) are pretty well sorted and shouldn't need another $10k investment to keep them on the road. The investor or collector car price point you indicated is a bit short on the initial ante from a 911 perspective these days. This is fast becoming 912 territory now and the bottom of the SC/Carerra range. |
Yes, that was my point. 911 is now become more of an investor/collector car than a hobby/driver car. Nothing wrong with that, just making an observation. Most people don't drive the pants off a $40k car. They garage them.
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Not 911 drivers
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How many Ferraris have over 50k miles, much less over 100k miles? There are P-cars for sale all over that have 150k, 180k, 200k+ miles. That means that people drive the heck out of them -- not just because they are fun, but because they are generally reliable, and affordable to drive that much. If they were as fragile as PML imputes, no one would log over 100k in one. |
Just think of all of the base model 3-Series that aren't driven and garaged because of that lofty $40,000 price tag...
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I guess I got a hell of a good deal then, paying $7500 from my dad for my 83sc. lol
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