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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#1
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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. |
rfp |
Jun 27 2005, 01:22 PM
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#2
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Member Group: Members Posts: 59 Joined: 24-June 05 From: Montour Falls, NY Member No.: 4,321 |
"weel, since you already have a WTB in our classifieds I guess our advice meant nothing... I hope you plan on doing things right if you are planning on reselling 914s, instead of just swindling people from their hard-earned dough..."
Posted the ad before getting the advice. not trying to screw anyone. I almost got a car that ran off ebay for under $900. I took some pics to my local garage an experienced Porsche restorer to get an idea on the cost of fixing it up. he asked what the price was I was getting for it. At the time it was $560 ( He said I didn't do bad and thought I could double or triple that after I was done. That's what got me going on the ordeal. originally I was just looking to get a second car to drive in the summer for business. The 914, 944 and 911 Turbo wide body are my dream cars. That car ended up going for $810. unknown to the seller until the last day was that it had a poor attempt at a structure repair and I let it go to another bidder once I found out. I use to deliver cars for a used car whole saler so I do know a little about how the used car sales work and it isn't all ripping people of though there is plenty of that that goes on. I am not sure about up here but in the Midwest there was a consumer price and a dealer price that mechanics charged making it possible to get things fixed that need fixed and make a profit with out, out right ripping people off. No I am not looking to put a new paint job on a structural damaged car with out fixing the structure and rust problems and again I am looking at having an experienced professional do the work. ultimately I want a nice driver that will turn heads. One that I can put my business signs on and attract attention to my business. I am an event videographer by profession and was also thinking of making a restoration documentary. By the way I shot some great looking footage of the Porsche Clash at Watkins Glen recently. If any one is interested in seeing some of it I will try to get some of it posted. Let me know what bandwidth and format works beast for your viewing: Quick Time / Windows Media. dial up or high speed. So any how it sounds like your saying I would have to fi :ond an extremely good deal to make any money off restoring a 914 Kind of a pity for such a cool little car. Thanks for the advice. oh well just have to look for a good deal on a daily driver. Sounds like that will be more in my favor. (IMG:http://www.914world.com/bbs2/html/emoticons/ohmy.gif) |
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