 How Much Have You Invested?, More than your car is worth? |
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| vesnyder |
 Jan 17 2006, 08:36 PM
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#1
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Senior Member  Group: Members Posts: 680 Joined: 14-April 05 From: Cleveland, OH Member No.: 3,933  |
I want to get an estimate of how much everyone has invested in there cars- now be honest! Has everyone invested more than they are worth? I would estimate an investment of at least $8k - estimated value $6k (optimistically!). Pictures welcome!
I'll start - I have $5,500 invested and would be luck to get $4k. I am going to quit counting. Will have to post pics later - wrong computer |
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Replies(80 - 94)
| Brian Mifsud |
Jan 18 2006, 05:36 PM
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#81
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Mechanical Engineer Group: Members Posts: 981 Joined: 3-March 03 From: Penngrove, CA Member No.: 384 Region Association: None |
If you can still pay the rent/mortgage, and significant other isn't holding the car hobby bills against you.. who cares how much you've spent.
I'm sure most people on this board enjoy the whole process and that's got to worth something toward your mental health. Or, look at it another way... total money spent/miles driven... if "miles driven" is small, it just means you need to hurry up and spend more of the "total money spent" to get if off the jackstands! Drive it til your an old fart, then have them bury you in it.. most coffins today are at least $3K and up.............. Now my numbers... purchase $3000 parts over 10 years ~$1500 current "Value" ~$2500 Now my numbers which really hurt... Old Decrepit 45 year old wooden Boat purchase $10K Structural Rebuild $16K Price of Replacement Engine (my R&R, 22HP (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) ) $ 7K Sail Repair $ 1K Yearly Berth Fees $ 2.5K Cost of Ownership after 4 years......... $44K Miles Sailed ~200 Now having just added that all up.. I feel aweful.......... I need a drink.... |
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| BIGKAT_83 |
Jan 18 2006, 07:12 PM
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#82
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Senior Member Group: Members Posts: 1,799 Joined: 25-January 03 From: Way down south Bogart,GA Member No.: 194 Region Association: South East States 
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I've had my 914 for 22 years. Plenty of time to spend a few bucks on it. I installed the flares and painted it in 1986. I think the fiberglass flares were around $100 then. Had alot of fun painting a car for the first time.
I got layed off from work after 9/11 and had some free time on my hands but no money. This was a real bad time to start a V8 conversion,but did manage to complete it without spending much on conversion parts. I also repainted it at this time and added 911 suspension. This took almost six months but alot of that was waiting on money to build my engine. In the last 22 years I have probably spent 20 times the amount of money on other hobbies and have noting at all to show for it but that damn car is still there.(IMG:http://www.914world.com/bbs2/uploads/blog-1137628633.jpg) (IMG:http://www.914world.com/bbs2/uploads/blog-1137630764.jpg) Bob (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) |
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| anthony |
Jan 18 2006, 08:52 PM
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#83
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2270 club Group: Benefactors Posts: 3,107 Joined: 1-February 03 From: SF Bay Area, CA Member No.: 218  |
My 914 stock is still up. I paid $5500 a few years ago for my super nice stock 74 2.0. I've resisted all upgraditis and have kept the car completely stock. I've probably driven it 12-15K miles since I've had it. The only thing I've done to the car is a tune-up, a Pertronix, and new tires. I'd guess the market is $7K+ for a nice, original 2L car.
Now, the plans for the car will definitely put me upside down: 2270 kit from Jake: $6000 new paint (some day) and rack delete: $4000+ 5 lug suspension: $1500 |
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| Bartlett 914 |
Jan 18 2006, 08:52 PM
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#84
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Advanced Member Group: Members Posts: 2,218 Joined: 30-August 05 From: South Elgin IL Member No.: 4,707 Region Association: Upper MidWest |
I am guilty with the rest. I have spent way too much on my car. I now have 3 cars that are eating my paycheck. Some of us never learn.
When looking back at all the stories and how much we are spending, how can anyone think of us as deadbeats! We look for the best deals to save money because we know that we are spending more than we will ever recover. |
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| BarberDave |
Jan 18 2006, 09:51 PM
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#85
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Barberdave Group: Members Posts: 1,605 Joined: 12-January 03 From: Wauseon Ohio Member No.: 135 Region Association: Upper MidWest |
(IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif)
A very wise and sage old man told me NEVER PUT IN WRITTING WHAT YOU DON'T WANT YOUR WIFE TO KNOW!!!!! Dave (IMG:http://www.914world.com/bbs2/html/emoticons/slap.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) |
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| motorhead |
Jan 18 2006, 09:59 PM
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#86
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Member Group: Members Posts: 67 Joined: 11-September 05 From: tehachapi, ca Member No.: 4,784 |
I don't feel quite as bad now. Bought my '76 18 years ago for $3200. New paint, new stock exhaust, motor rebuild, (dropped a valve seat a month after I bought it), clutch, tires/wheels, upholstery, lots of odds and ends. Probably got about 8k in it. Figured it was worth about 5-6k til I put it up in the classifieds for 6. Not a single look. The thing that gripes me is all the work I put in it and don't have the chance to drive it more than 4-5 times a year any more. Less than 20k miles in 18 years. Been paying full coverage all that time.....don't even want to think about labor. At least I didn't have to contend with rust.
I'm afraid if I keep it I'm gonna wind up with another 10k in it for go-fast goodies and I'll still have a $6k car. |
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| jd74914 |
Jan 18 2006, 10:02 PM
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#87
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Its alive Group: Members Posts: 4,852 Joined: 16-February 04 From: CT Member No.: 1,659 Region Association: North East States |
Me too . . . Bought for $700, got it running for nothing, $100 battery, and IF i had just put in a new clutch assembly @ $350 it'd bee a running car for $1150. That said, I have $1500 in right now and will probably put about another $1000 into her. I think I could break even, but then again I'm a CASOB (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) |
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| r_towle |
Jan 18 2006, 10:51 PM
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#88
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Custom Member Group: Members Posts: 24,705 Joined: 9-January 03 From: Taxachusetts Member No.: 124 Region Association: North East States
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zero
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| bryanf |
Jan 18 2006, 11:05 PM
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#89
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Member Group: Members Posts: 105 Joined: 18-January 06 From: Half Moon Bay, CA Member No.: 5,435 |
This is interesting...I actually think that my 914 is the cheapest care that I've owned...some of these numbers are "ex-recto" but probably aren't too far off...some of these numbers are a bit old too...
11 yrs ago I bought a stock '75 2.0 for $2300 body work and paint (prepped myself) $1000 brakes (rotors, bearings, etc) $400 battery (optima)$120 2 rear rebuilt calipers $400 master cylinder $200 Tires $400 pressure sensor for FI $150 (in stock at my local FLAPS!!) stupid evil smog pump pully bracket $150 tune up parts $40 x 10yrs $400 new ball joints, tie rod ends $500 new rear decklid lock $100 stuff I forgot about $500 insurance $45/month x 132 months $5940 driven 10 yrs 50 miles/day x 250 days/yr (owned 10 but it has been out of commission periodically) =125000 miles gas 125000/25mpg x $2.00/gal = $10,000 total = $22,500 for 125,000 miles of fun = $0.18/mile--that's pretty damn cheap for the amount of fun. I recently bought a wrecked donor car for a new engine ($2k) so hopefully I'll get another 100k miles of fun... Of course this doesn't count my time (priceless) and I'm still driving pretty much stock car...not one of the works of art I read about on this board... |
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| TravisNeff |
Jan 18 2006, 11:19 PM
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#90
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914 Guru Group: Members Posts: 5,082 Joined: 20-March 03 From: Mesa, AZ Member No.: 447 Region Association: Southwest Region
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I probably have 6 to 7K in total investment in mine. Lots of it is consumable parts, shocks, brakes, tires, tune up parts etc.
If I was to sell the 914 I would recoup a higher percentage of my investment than if I bought a new car and sold it a couple years later, no? |
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| vesnyder |
Jan 19 2006, 10:18 AM
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#91
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Senior Member Group: Members Posts: 680 Joined: 14-April 05 From: Cleveland, OH Member No.: 3,933 |
My real objective was to help justify the next phase of my upgrade/restoration - and it worked! Glad to see that my sickness is shared by many and I feel pretty good after reading the posts here. Thanks everyone for their honesty - MISSION ACCOMPLISHED!!
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| firstknight13 |
Jan 19 2006, 07:27 PM
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#92
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Senior Member Group: Members Posts: 652 Joined: 25-March 05 From: manchester,ct. Member No.: 3,817 |
(IMG:http://www.914world.com/bbs2/html/emoticons/ohmy.gif) 700.00 initially and now past 23k with 8-9 to go. subby turbo etc...... (IMG:http://www.914world.com/bbs2/html/emoticons/wink.gif)
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| sk8kat1 |
Jan 19 2006, 08:48 PM
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#93
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Senior Member Group: Members Posts: 911 Joined: 10-October 05 From: belvidere ,IL Member No.: 4,937 |
hmmm....
5900.00 car 7000.00 raby / mcmark 2056 est 2000.00 rust repair /paint --- al the other things I will buy that my wife doesn't know about .....PRICELESS! (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/ph34r.gif) |
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| street legal go-kart |
Jan 20 2006, 12:38 PM
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#94
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Miss Mari's slave Group: Members Posts: 437 Joined: 28-March 03 From: sierra nevada ,cali . Member No.: 490 |
Total about $10k.
But I have much fun dusting the new bmrs, vettes and assorted other detroit and import trash on the 50 mile commute to work , of which about 35+ miles is 40-50 mph road, for them, which makes the dollars spent not mater (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) A guy about a block away from my shop in town owns a new 735i and after following me a few times went to the bay area and found himself a nice 74 2.0 for $6600 last month for X-mas. Now ther are two of us indulging in early morning fun (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) JT |
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| JmuRiz |
Jan 20 2006, 01:41 PM
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#95
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914 Guru Group: Members Posts: 5,587 Joined: 30-December 02 From: NoVA Member No.: 50 Region Association: MidAtlantic Region
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Why not just wait for his 2.0 turbo kit if you have a stock 2.0? Estimates are ~$5k and 165HP....check it out on the shoptalkforums board (IMG:http://www.914world.com/bbs2/html/emoticons/wink.gif) |
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