what is the best way to increas the value 914, long term and short term 914 investment |
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what is the best way to increas the value 914, long term and short term 914 investment |
rfp |
Jun 27 2005, 10:35 AM
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Member Group: Members Posts: 59 Joined: 24-June 05 From: Montour Falls, NY Member No.: 4,321 |
My brother and I are thinking of putting our money together and doing some short term and long term investments in Porsches including 914's we don't have allot to begin with so we are looking at putting $1-2,000 into an early 914 and $1-2000 into restorations. We don' t have the skills or tools for doing the work our selves though my brother does paint and wire houses for a living and could probably learn how to paint cars. We are looking at have a local garage to do the work as they are familiar with restoring these types of cars. the owner is currently working on a 356 for himself.
We are looking to buy a slightly warn to well worn 914 in July or august and try to make a fast buck come the September Grand Prix festival putting the money back into buying and fixing another one. My question is what is the best investment for fast resale value. What will make the car most appealing and make the car stand out: A new paint job (original Porsche colors or cool colors like metallic, new seat covers, carburetors instead of injectors, bigger engine, fixing one that dosen't run..........Just fixing rust spots.......... our goal is to get a chance to drive around some nice cars and at least break even but we would like to make something of the deal if possible. I have read allot about these cars so I do have a general knowledge of problems to look for. |
lapuwali |
Jun 27 2005, 01:11 PM
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Not another one! Group: Benefactors Posts: 4,526 Joined: 1-March 04 From: San Mateo, CA Member No.: 1,743 |
Thing is, doing even these small things will wipe out any profit, esp. if you're not doing the work yourself. If you repaint and you farm 100% of the work out to someone else, it will cost you $3000-5000, not $500-$1500. If you do 100% of the prep work yourself (sanding, mostly), and have a shop do just the spraying, you're still looking at $1000. Taking a $2000 914 and respraying it isn't going to get you a 914 you can sell for $3000. It's certainly possible to find cars that someone is simply looking to get rid of you can sell for more than you bought it for after doing no work at all, but this isn't going to generate much cash for you, and I expect resaleable junk class 914s are pretty thin on the ground in NY. In CA, you'd have a much better chance of success at doing this, but only just. About the only way to make any money buying and selling 914s would be to fly to CA, rent a transporter, and buy up however many driver 914s you can fit on the transporter, for the lowest prices you can wring out of the sellers. Drive these 914s to NY, and resell them for a 20-50% premium in New England and the Atlantic coast, where 914s with little to no rust are harder to find. You might just end up covering the transport costs, and you'd get more rust-free examples of 914s into the eastern part of the country. It would be a tough way to make cash, and the amount of cash generated would be pretty small. |
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