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924 Market Update - April 2007, Excellence Magazine
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morghen  



Joined: 21 Jan 2005
Posts: 9095
Location: Romania

PostPosted: Sat Feb 03, 2007 7:44 pm    Post subject: Reply with quote

yea but if you maintain it properly it will be worth much more. thats what i think. Anyway...i belive i will still get some good bucks on my car if i ever want to sell it. thats why i try to keep it fit and good looking.
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Neil924  



Joined: 18 Mar 2003
Posts: 4225
Location: Canada

PostPosted: Sat Feb 03, 2007 9:57 pm    Post subject: Reply with quote

That doesn't happen. If it was a Ferrari 348 you would get decent money back but you would have to first spend decent money to get it. Then spend $5,000 to maintain it then maybe if you're lucky sell it for what you paid for it. And that's if there isn't anything wrong.

These cars will not make you money if you buy them, fix them and sell them. Even if you pick up a free one, get it to run, replace a few interior parts, clean the wiring, fuel system, plugs, cap etc. Then what? Is it a daily driver? probably not and you still only get what? $800. If that covers parts and shipping, what do you get for your time? Cheap Porsches don't make people rich. It's a fact.
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924guy  



Joined: 29 Dec 2003
Posts: 2088
Location: Port St. Lucie, FL

PostPosted: Sun Feb 04, 2007 1:16 am    Post subject: Reply with quote

i found the $100 difference between an 82 931 and an 88 924S interesting, seem the varience should be greater than that to me.. i got a laugh at the 83 944 starting at $4689 in soso condition also, $1500 would be a stretch imo.. but, whatever..
Bruce can pimp up the prices all he wants, its all good with me, maybe we will get a bit of "appreciation" eventually.
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Rasta Monsta  



Joined: 12 Jul 2006
Posts: 11733
Location: PacNW

PostPosted: Sun Feb 04, 2007 3:07 am    Post subject: Reply with quote

Neil924 wrote:
I meant in reality. If I keep my car for another 10 years, it will be worth less because it will need more work and still no benefit.


Well, your car is gorgeous, so how about keeping it for ten years to prove your point!
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Neil924  



Joined: 18 Mar 2003
Posts: 4225
Location: Canada

PostPosted: Sun Feb 04, 2007 4:29 am    Post subject: Reply with quote

Rasta Monsta wrote:
Neil924 wrote:
I meant in reality. If I keep my car for another 10 years, it will be worth less because it will need more work and still no benefit.


Well, your car is gorgeous, so how about keeping it for ten years to prove your point!


Keep my car for 10 years, spend more and sell for less? What business school did you attend?
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Rasta Monsta  



Joined: 12 Jul 2006
Posts: 11733
Location: PacNW

PostPosted: Sun Feb 04, 2007 5:13 am    Post subject: Reply with quote

Neil924 wrote:
Keep my car for 10 years, spend more and sell for less? What business school did you attend?


This is love, baby, not business!
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-nick  



Joined: 16 Nov 2002
Posts: 2699
Location: Cambridge, MA

PostPosted: Sun Feb 04, 2007 5:23 am    Post subject: Reply with quote

Does anyone seriously think a sportscar is an investment? Play the market if you want to make money, don't buy an old Porsche. Rarely you'll get lucky and buy a model cheap, hang on to it for 40 years, and make a profit. Early 911S's are getting good prices now. But who is crazy enough to buy a sportscar with the intent of making money off it? You would have better luck trying to make a profit off of selling your blue jeans from the '60's!
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Neil924  



Joined: 18 Mar 2003
Posts: 4225
Location: Canada

PostPosted: Sun Feb 04, 2007 5:41 am    Post subject: Reply with quote

$40,000 40 years ago is worth much nore than $40,000 today. Include the fact that that $40,000 could have been making you money in a bank or investment over the last 40 year too.

Whoever wants to make money from 924's go ahead and try. Don't blame me if you go bankrupt.
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Llamaguy  



Joined: 02 Jul 2003
Posts: 711
Location: Indiana

PostPosted: Sun Feb 04, 2007 8:49 pm    Post subject: Reply with quote

I need to get a copy of that for when I sell my car in the next few months. It will be a steal at $3000 for a car "worth" $4250
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Llamaguy  



Joined: 02 Jul 2003
Posts: 711
Location: Indiana

PostPosted: Sun Feb 04, 2007 8:50 pm    Post subject: Reply with quote

-nick wrote:
Does anyone seriously think a sportscar is an investment? Play the market if you want to make money, don't buy an old Porsche. Rarely you'll get lucky and buy a model cheap, hang on to it for 40 years, and make a profit. Early 911S's are getting good prices now. But who is crazy enough to buy a sportscar with the intent of making money off it? You would have better luck trying to make a profit off of selling your blue jeans from the '60's!


only way to make money on any car is to steal it from an old lady or such.
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Chaos  



Joined: 07 Nov 2005
Posts: 289
Location: Newark, DE, US

PostPosted: Tue Feb 20, 2007 8:11 pm    Post subject: Reply with quote

Llamaguy wrote:


only way to make money on any car is to steal it from an old lady or such.


totally, dude. that's what we in the punk rock business like to call a "rich betty".


Quote:
This is love, baby, not business!


having just gotten to this thread, i've been hoping to see someone say that. haha. rock on indeed. i love my 931, not sell it.
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