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. |
anthony |
Jun 27 2005, 04:19 PM
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2270 club Group: Benefactors Posts: 3,107 Joined: 1-February 03 From: SF Bay Area, CA Member No.: 218 |
It is certainly doable. My silver 914 has probably appreciated $2000 in the 3 years I've owned it. The market for a well maintained, desireable 73/74 2.0L 914 has been shooting through the roof (relatively speaking of course) during the last couple of years. Quality cars will continue to go up. Still, there is substantial risk involved with buying any classic car. Sure, you can buy a car that needs a little TLC and elbow grease and thus increase its value over time by fixing this and that. The prolblem is that these cars are old. You could blow an engine or a transmission a month into ownership and then you'd be faced with a $4,000 repair bill or at minimum $1,200 for a good running 2L engine. (That is of course if you were lucky enough to find one). In the price range you were talking about above, you would be looking at tired, neglected cars. It will be tough to find a gem in this price range. |
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