Air cooled 911 or Apple stock?
#2
Rennlist Member
Join Date: May 2008
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No bubble. This is the market correcting itself.
For example, Classic restorations can be anywhere from 50-100k+ on older 911 that require it.
Therefore a clean 964 that you can get in and drive for only 35k is a bargin. Even @ $50k. You get ABS brakes and coil spring suspension.
Any good 911 that you can get in a drive for less then the cost of a restoration is a good buy.
Projects will continue to hold value as well.
Iconic 1965-68 mustang fastbacks are fetching 20k as rollers, and 1969 camaro convertable rollers are the same.
The classic 911 is no different. At a minimum a clean 911 tub should be worth 20k. Therefore complete 911s that you can drive for 20-25k are bargins. The tub and title are worth that.
Again, restorations are expensive, therefore if you can find a good car for less then a cost of a restoration you are ahead of the game.
And with all 911s, even if the market did drop you are still left with a good car that can do pretty much anything and last a long time. Perhaps this is why they are in demand and will never go down in price.
Porsche buyers also tend to be professionals and therefore the level of buying power typically higher.
For example, Classic restorations can be anywhere from 50-100k+ on older 911 that require it.
Therefore a clean 964 that you can get in and drive for only 35k is a bargin. Even @ $50k. You get ABS brakes and coil spring suspension.
Any good 911 that you can get in a drive for less then the cost of a restoration is a good buy.
Projects will continue to hold value as well.
Iconic 1965-68 mustang fastbacks are fetching 20k as rollers, and 1969 camaro convertable rollers are the same.
The classic 911 is no different. At a minimum a clean 911 tub should be worth 20k. Therefore complete 911s that you can drive for 20-25k are bargins. The tub and title are worth that.
Again, restorations are expensive, therefore if you can find a good car for less then a cost of a restoration you are ahead of the game.
And with all 911s, even if the market did drop you are still left with a good car that can do pretty much anything and last a long time. Perhaps this is why they are in demand and will never go down in price.
Porsche buyers also tend to be professionals and therefore the level of buying power typically higher.
#3
Nordschleife Master
Wait ten years ... the current prices will look like a bargain
#4
think air-cooled 911's will continue to fair well, the key IMHO is that a Porsche is always good/fun to drive, even if the old chassis lacks modern refinement it is always sharp and agile; a driver's car.
#5
Three Wheelin'
Join Date: Jan 2010
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I think they (classic cars in general )may end up going the way of the Model T. Anything really special turns into a museum piece that few people can/want to own let alone drive. I'm not trying to sound like a jerk, I'm just seeing another side of what I think is happening. The boomer generation is still strongly driving the classic car trends. People under 30 that are interested in old classic cars is quite a rare thing. More of them than in the past aren't even interested in driving/owning any car. Heck we are on the verge of the self driving car. (already trialling in CA) Old classic cars are changing from more of a "hot rodder" craze and turning into a rich man's investment. Especially here with 3-4months of driving season.
As to the OP. Buy the classic 911 while you can and enjoy driving it. I love working on and driving old sports cars.
As to the OP. Buy the classic 911 while you can and enjoy driving it. I love working on and driving old sports cars.
#7
Captain Obvious
Super User
Super User
15 years ago the cars from the 50s went through what the mscle cars do now. The pre WIi car did the same 10 years before that and so on. It follows the age of the generation that had those cars as teenagers and could never afford it. When they get to their 50s and have disposable income, the cars they always wanted will go through a boom. Right now the muscle cars are in that stage, next will be the unique cara from the 80's.
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#9
Rennlist Member
Gads, I can't imagine cars of the 80s being worth more than scrap metal. Come to think of it so were most of the 60's and 70's cars too. Collectibility is about scarcity and desirability and a 1938 Plymouth will only ever be a 1938 Plymouth. A 32 Ford on the other hand is right up there with an early 911. If I had an operable crystal ball I'd have a garage full of 911s on spec.
#10
I was talking with a friend a few days ago and he told me that the last time he had proper fun in a 911, was with a 1965 911.
#11
Race Car
I'm one of those that thinks pretty much everything goes up and down. I'll never sell my 993tt but if it was an investment I'd sell it now. Remember the discussion on this forum when gold was $1,800US? I sold then too.
#13
Nordschleife Master
I think they (classic cars in general )may end up going the way of the Model T. Anything really special turns into a museum piece that few people can/want to own let alone drive. I'm not trying to sound like a jerk, I'm just seeing another side of what I think is happening. The boomer generation is still strongly driving the classic car trends. People under 30 that are interested in old classic cars is quite a rare thing. More of them than in the past aren't even interested in driving/owning any car. Heck we are on the verge of the self driving car. (already trialling in CA) Old classic cars are changing from more of a "hot rodder" craze and turning into a rich man's investment. Especially here with 3-4months of driving season.
As to the OP. Buy the classic 911 while you can and enjoy driving it. I love working on and driving old sports cars.
As to the OP. Buy the classic 911 while you can and enjoy driving it. I love working on and driving old sports cars.
Self drifting BMW
#14
Although Apple stock has been very good to me, I never got the same feeling looking at it as I do with my 964.(I never actually touched APPL) For me it is all about quality of life and the enjoyment the car provides.