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, 02:56 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 |
"wanting a good driver is different... your 4k budget really can do that in all likely-hood, again, if you paint it yourself...
you can probably find a good driver in the classifieds here... but you won't make a real profit if you sell it 9/10 times..." I guess the title was misleading. I want to take one of my dream cars and make it a little nicer. I don't want to put money into allot of things that aren't worth it. Both my brother and I have jobs so I am not looking to start a restoration shop though it would be cool to have a web sight that featured some of our own configured costume choices and a small fleet for sale to the best offer. If I can find a descent driver be it a 914 or 944 with say a torn seat. I would replace the seat hopefully find a good price on e-bay or some where say for $50 or have it fixed say $200. Then after driving it for a summer maybe longer selling it with the hope of getting what we put into it maybe a little more back. It isn't so much about the profit though if we could make $300 in the deal that would be cool. I was also inquiring into the more practicality of fixing something with more problems such as rust. You info has been most helpful. I do have a neighbor that does restoration work but only for himself. maybe I could get him to get in on the deal but It is more about driving cool cars for little to no money. Buy a car enjoy it, enhance it and sell it before something major goes wrong and buy another. not sure that's what we will do but I wanted to look into it. Thanks so much for the info and for making me feel a little more welcome after the initial intruder treatment. I understand wanting to protect them. I to am a big enthusiast and just as obsessed with Porsches as the next guy. |
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