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> How Much Have You Invested?, More than your car is worth?
Brotherbob
post Jan 18 2006, 08:45 AM
Post #61


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300 on a 914 no engine no trans.
300 on a donor 914 (remove eng and trans) from a 914 club member.
100 on engine parts
200 for flares
40.00 for donor engine from 914 club member
200 for paint related supplies
I am trying to get this car on the road for 1500.00 i'M CHEAP! (IMG:http://www.914world.com/bbs2/html/emoticons/screwy.gif)
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ninepfourteen
post Jan 18 2006, 09:07 AM
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Here's the story we tell:

Paid twice as much for a 30 year old 914 than it cost new.

It didn't run.

Have nearly $30K (including purchase price) in turning it into a race car.

Could sell it tomorrow for maybe $5K.

Is this a hobby or a sickness?

(My wife hates to hear this tale.)
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majkos
post Jan 18 2006, 09:43 AM
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Well,lucky for me ,I LOVE my cars!
(IMG:http://www.914world.com/bbs2/html/emoticons/wub.gif)
And since I don't make a whole lot of money,compare with some of you guys
I can keep my car running cheap! (Have 7 cars of parts in the back) (IMG:http://www.914world.com/bbs2/html/emoticons/aktion035.gif)

Yeah baby,I can keep em on the road. (IMG:http://www.914world.com/bbs2/html/emoticons/driving.gif)

Now the sad part, I'm starting to get addicted to track driving (IMG:http://www.914world.com/bbs2/html/emoticons/burnout.gif)

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Root_Werks
post Jan 18 2006, 10:08 AM
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QUOTE (Pugbug @ Jan 17 2006, 06:57 PM)
...all hobbys cost money.

Well said.
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JmuRiz
post Jan 18 2006, 10:51 AM
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QUOTE (neo914-6 @ Jan 17 2006, 07:03 PM)
That financial term does not apply to these cars or most cars for that matter. "Investment" applied to a car is an indicator of how bad an investor you are. (IMG:http://www.914world.com/bbs2/html/emoticons/laugh.gif)

(IMG:http://www.914world.com/bbs2/html/emoticons/agree.gif)
Calling 'putting money into a car' an Investment doesn't make much sence.

Having said that, I have SPENT much more on my car than I bought it for.
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StratPlayer
post Jan 18 2006, 10:57 AM
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I've had the car for 9 years now, I wouldn't admit how much has been spent on it. Over the years, its a lot, more than I would ever get for it. It runs, its safe, and its a HELLVA lot of fun.
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rpmmaxxed
post Jan 18 2006, 11:12 AM
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Purchase price of $900.

Another $1,600 so far after paint, sets of wheels, tires, interior, other little things...

nowhere near where I want to be...
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l84ttym
post Jan 18 2006, 11:20 AM
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'71 914-4 $6200 (only 32k miles showing with 1974 inspection sticker still on windshield)
$400 for used SS heat exchangers
$180 new tires
$150 new antenna,windshield trim clips, light bulbs and new roof pillar material
$150 tune-up & new gas lines
$200 new brake lines & inspection

Totals just shy of $7,300 and still needs little dinky 'tings and probably new shocks. Runs great and is a blast to drive.

Not for sale but as with anything "It's only worth what someone else is willing to pay"! I think I could get more for selling my instruments than what I could the 914 although it was appraised at $8,500.

Don't mind putting money into this car though, wife can't spend it then! (IMG:http://www.914world.com/bbs2/html/emoticons/happy11.gif)
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bd1308
post Jan 18 2006, 11:36 AM
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there's something about those steelies I just love....

but the rust that forms on them is a PITA to say the least.

b
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edwardb33
post Jan 18 2006, 11:56 AM
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1973 2.0 off ebay in Dec 03 (47,000 miles) $3,200
Transport to Toronto $1,200
Tires, interior speakers radio etc.... $1,500
Mechanical $1,200

So roughly $8,000 and it could use a respray.


As to what its worth, not as much as I've spent, but hell I spent at least 8K on my 73 MG midget and only got $3,000 for it. (But that did pay for the 914)

It's my daily driver in the summer and a blast to drive, seems like a good deal to me.
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Andyrew
post Jan 18 2006, 12:02 PM
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I could still make money.. (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif)
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RON S.
post Jan 18 2006, 12:17 PM
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9140430841, FINALLY RUNNING
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QUOTE (edwardb33 @ Jan 18 2006, 09:56 AM)



As to what its worth, not as much as I've spent, but hell I spent at least 8K on my 73 MG midget and only got $3,000 for it.

BTDT,

A couple years back I had the same situation w/a '63 Midget.I started at 3000.00,after 3 years of advertising it for sale,and continuing to constantly lower the price,I finally sold it a year ago for $900.00.To really add icing to the story,I even included a box of BRAND NEW parts ie.rubber bits,chrome pieces and such from Victoria British that totaled $600.00

I even gave the guy the sales reciept just to get rid of the car.

That gets me thinking,Hey Admins,where is the smiley icon showing a smiley throwing money down a hole?

Kinda like the People's PC commercial on Tv w/the stickman and the high internet fees.



Ron
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East coaster
post Jan 18 2006, 12:20 PM
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The best part of this thread is:

If you average the $$ invested, I bet it's somewhere upwards of 10K......

and yet everytime someone sells a 914 on ebay for more than $6K (even if it's cherry), everyone here publicly flogs the new owner for paying a rediculous price for a 914!! (IMG:http://www.914world.com/bbs2/html/emoticons/mueba.gif)


PS: I can't even comprehend how much I have into my empty shell of a teener! Let's just start with over 16K just for the engine and tranny.........ouch!
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TonyAKAVW
post Jan 18 2006, 12:20 PM
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I bought my daily driver for $1000, I've got new tires, and a bunch of random other parts. I've probably put at most another $1000 into it in the year and a half that I've had it.

Soon it will be getting a 2.5 liter Subaru engine which will increase my expenses by probably another $1500.

After that I will be finishing up my 5 lug suspension, probably another $300 (V caliper kits, rebuild kits, hoses, etc.)

After that I will need a paint job (maybe $1000-$1500 at Los Ponchos)

So for about $5000 most of the basic stuff will be done.


After that its getting pretty close to being done... Until I start working on flares. Then things will go up. Or if I someday decide to put in a turbo subaru motor.

-Tony
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carr914
post Jan 18 2006, 01:48 PM
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My current teener is the first and only one I've had that I'm upside down in. And I'm WAY upside down. I know I've got 11k in the motor, do I need to say anything else? But I've had it 14 years and I've rebuilt it 3 times. Total cost calculation would be impossible due to I sold parts off it every time I rebuilt it and put other parts on. My bookkeeping isn't that good to keep up. Now if your interested I could tell you about this Carrera that I can't stop spending money on....

T.C.
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MoveQik
post Jan 18 2006, 02:14 PM
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What size wheels can I fit?
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I had it all typed up and deleted just in case my wife ever read this thread!

Let's just say I'm upside down and I am about to become even more so with a conversion.

Who cares? It's worth every penny to me. I didn't buy the car to make money!
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MartyYeoman
post Jan 18 2006, 02:26 PM
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Investment = 2 times sale price
10 years use as a daily driver = Priceless
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turbo914v8
post Jan 18 2006, 02:35 PM
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I got 40 just in the motor. Not another word from me. (IMG:http://www.914world.com/bbs2/html/emoticons/headbang.gif)
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akellym
post Jan 18 2006, 02:50 PM
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I paid 4700.00 on ebay for mine in 02. Got it from the original owner. I finished the restore in the spring of 04. As of today I will have a little over 61k into it and it's been worth every penny. I had mine appraised in 04 and it came in at 38.5k.
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Wild 6
post Jan 18 2006, 03:02 PM
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A great question is how to turn the money spent on your car into a rewarding lifestyle...

1. Hangout with fellow 914 friends at PCA events
2. Attend WCC each year
3. Autocross it/learn 914 car control
4. Take it to track events
5. Enjoy widing roads
6. Go on 914 vacations
7. Meet girls who like teeeners (I'm married to one)
8. Cruise with the top off (at least your 914 lets you take her top off).
9. Combine any of the above
10. Hangout with your 914 in the garage

Don't sell it unless you need to buy a six and you won't take a loss.
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