928 best model for FNG?
#32
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This is great. I have been laying in the hospital for 3 days and couldnt wait to check Renny. And this is the result of this thread?
Last edited by beran earms; 08-07-2019 at 08:42 AM.
#34
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I am still around rarely feel the need to post as it has pretty much all been asked , answered , and argued before. The $10,000 away from a $5,000 car still points out the economics of restorations. Not that there is anything wrong with that since it is a HOBBY. Something done because you want to for reasons known only to you.
#35
Rennlist Member
Luck plays a huge role, but I don't think the economics of a 928 are as not as irrational as it is generally agreed that they are.
It depends on what you do with the car.
If you make it your daily driver, it's really not that bad. Fingers crossed, the prices on these cars will increase year over year, forever. A new Jag or BMW or whatever....lets say you lose $5k annually in value on average. If you carry a note on the car, interest counts (assuming you paid $45k for a new car vs. $15k for a decent 928....assume the difference in the two prices is the amount financed...so over 4 years you pay interest of maybe $3k per year?). You can spend $3k to $4k per year on average for maintenance/improvements on a 928 and still be ahead of the "new car" route.
I know it would never work this way in reality, but it sounds very logical. Feel free to use this model in your sales pitch to your wife
It depends on what you do with the car.
If you make it your daily driver, it's really not that bad. Fingers crossed, the prices on these cars will increase year over year, forever. A new Jag or BMW or whatever....lets say you lose $5k annually in value on average. If you carry a note on the car, interest counts (assuming you paid $45k for a new car vs. $15k for a decent 928....assume the difference in the two prices is the amount financed...so over 4 years you pay interest of maybe $3k per year?). You can spend $3k to $4k per year on average for maintenance/improvements on a 928 and still be ahead of the "new car" route.
I know it would never work this way in reality, but it sounds very logical. Feel free to use this model in your sales pitch to your wife
#36
Vegas, Baby!
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These cars were expensive new. More so now with all the deferred maintenance and the price for parts has gone up considerably. It's a hobby car, if you're worried about the entry price, settle on something else. Not trying to be an *******, just the way it is.
#37
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Exactly. You've got to walk into this eyes wide open, fully aware that you are about to throw away a sh*tload of money you will never get back.
Worth it, though.
Worth it, though.
#38
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I believe the "which car" answer depends mostly on the prospective owner. Got money? Got an expert nearby? Mechanical experience? Interested in learning? Time available? Patience and persistence? Ability to absorb the knowledge and interact effectively with the members of this forum? (Hello!) Mostly, what kind of adventure are you seeking?
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#40
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Umm, I don't see an audience.
#41
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#43
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So many on here (and even more on FB) seem to think that the value of these cars is just about to skyrocket. You know, like the 911 did. Unfortunately, I believe the 911 is comparable to the Jag E-Type. And the 928 compares to the XJs. Check out the value on those.
When I first got mine, I got in touch with Roger. Having read a good bit on here before I bought it, I gave him a call. We had a pleasant chat, he found my "hello" thread on here and suggested a 14 pin cover (I knew I needed the cap, but was ignorant of the cover). Towards the end, he mentioned the 'investment' in the car. I pointed out that the money I was putting into it was likely gone and I had no expectation of ever making money on it. He agreed with that part, but noted (very astutely) that 'return on investment' is not always measured in dollars.