Anyone finance their 914? |
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Anyone finance their 914? |
iwanta914-6 |
Aug 13 2015, 05:53 PM
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#1
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
Is it crazy to think about financing a 914? Since I don't have the cash available at the moment, I'm considering financing one. Anyone use JJ Best, Woodside Credit or other means of financing a "classic" car. I know a lot of banks don't want to finance older cars so I'm not sure exactly what all the options are and what the restrictions or rates would be on something like a 914.
I'm curious because I came across a 914 that I like and if financing is an option, I might want to look into it further. EDIT: Here's a link to some pictures of the car I'm considering paying interest on, I realize important pictures of the longs are not included and the hell hole area isn't the best picture. 1974 2.0L L96B |
iwanta914-6 |
Aug 14 2015, 07:59 AM
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#2
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
I guess my biggest "fear" is that if I take the next 3-4 years to save up to buy something that is well sorted then the prices will be double what they are today thanks to all of the articles being written to buy NOW, lol.
I'm looking to buy something that I will own for the rest of my life and drive as long as I am able. Unless of course the opportunity to obtain an original /6 falls in my lap, haha. Another reason is my dad is 77 and it would be a blast to attend PCA events with my parents in my own car and his 991 cabriolet. |
Hank914 |
Aug 14 2015, 09:41 AM
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#3
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Member Group: Members Posts: 389 Joined: 7-April 14 From: CA and OR Member No.: 17,215 Region Association: None |
I guess my biggest "fear" is that if I take the next 3-4 years to save up to buy something that is well sorted then the prices will be double what they are today thanks to all of the articles being written to buy NOW, lol. I'm looking to buy something that I will own for the rest of my life and drive as long as I am able. Unless of course the opportunity to obtain an original /6 falls in my lap, haha. Another reason is my dad is 77 and it would be a blast to attend PCA events with my parents in my own car and his 991 cabriolet. Those are the best reasons to pay interest instead of cash... 1- the asset is financially appreciating, not depreciating. Hence you actually should finance a used car that is done depreciating, and now appreciating, instead of a new car that loses 20% of its value after it leaves the dealership. 2- the asset loses some of its intrinsic value later, so you need it now. What good is a Porsche 914 if the people you want to enjoy it with are no longer around to enjoy it with? Hey, just sayin! Life is short, so eat dessert first, even it you have to charge it! |
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