Osama Decides to Finish Off the Gulf Coast!

[sellnbama]

Fd,

 YOu're right.The 911 is a timeless design.I just about bought one a while back.I had a 67 convert. bug with a stroker couple of years ago was as close as I got this far.Still love that car,,and it was so simple to work on.I' pecking away at my merc now,,but I definitly see a 911 air cooled in the future.Congrats on the one you have.Beautiful car.

[allagash]

personally speaking....I could care less about vehicles....but that's just me.

that said....I do think this latest post from fdjake rates right up there as one of his best.

once again...he shows a high degree of both short and long term investments.

bama....hope you're holding up well down there.

great work fdjake......gotta love them hoarders.

Sam Walton:
http://www.affiliateblog.com/images/swalton.jpg

-Mike
http://www.youtube.com/watch?v=qLkmbLoaORU

[REIER]

Want an investment tip for the FUTURE?????

GO OUT NOW and start buying every 911SC from 1978 to 1983 that you can get you hands on....

These cars are DIRT CHEAP right now (between $5000-$10,000)
if you find one that doesn't run for $2000 BUY IT....Because these cars are some of the BEST BUILT, MOST RELIABLE Porsches ever to leave Germany.....At some time in the future these cars will demand BIG DOLLARS....They handle like go carts, you can work on them yourself, they are LITERALLY HAND MADE, and they'll RUN FOREVER.  It is not uncommon for these engines to run well into and through the 500,000 mile mark.

Thanks for the tip, fdjake. I've always loved porsches. When I was a teenager, I always said I'd own one, but it never happened due not wanting to spend 40 to 50 k on a car and being much wiser and older now, and investing my $$ in better assets than a sports car. LOL

I never realized how cheap and reliable these particular cars are, seems like there are quite a few of them listed on ebay. Just did a quick search and found 15 of them. I don't think I'd pay more than 5 to 7k for them in running condition.

I'm defenitly gonna get my hands on these at these prices, I really love the styling on these particular models.

Are they really THAT easy to work on? Any tips on what to look out for in terms of pitfalls besides what you already mentioned? Any cencerns about the turbo models? Also, any "fdjake" spins on how to locate them from private owners accross the country? 

Thanks!

[fdjake]

The absolute best deals I ever got on 911's came from people that had cars they HAD TO SELL, or cars that needed work.

The GREAT thing about these cars is that MOST buyers don't want to take on a car that needs ANY work....They want pristine GARAGE QUEENS with low low miles.....There's TWO problems with those cars from my point of view....FIRST....They'll only KEEP those LOW MILES if YOU don't drive them much....We're talking about cars that drive like GO CARTS.....You're gonna WANT to drive a 911 all the time....So that LOW MILEAGE car WON'T be low mileage for long.

Second.......Pristine,low mileage cars carry BIG price tags....and here's the bottom line...As the SUPPLY of low mileage original cars dries up...the PRICES for higher mileage, imperfect cars increase.

Case in point......Original Porsche Speedsters......10 years ago you could buy them ALL DAY LONG for $50,000....And I'm talking about SHOW CARS here....PERFECT down to every nut and bolt.....10 years later those cars (even in THIS economy) command $150,000.....NOW even the RUST BUCKETS are worth $50,000!!!

The 911 is a BETTER CAR all around....They are plentiful NOW....That won't stay that way forever.....Look at vintage Mustangs....Ford sold 1 MILLION of them the FIRST YEAR of production so we are NOT talking about a rare car here.....TODAY those cars (with the higher performing v-8 engines) rountinely command $25,000 to $50,000+ depending on options...They HANDLE LIKE SH*T, STOP LIKE SH*T and TURN LIKE SH*T!!!  I know, I've owned 10 of them!!  Yet people BUY THEM!!

The 911 on the other hand HANDLES, ACCELERATES, BRAKES, and DRIVES as well or BETTER than cars 25 years NEWER!!

How long will it take for people to REALIZE THIS???  We'll see...but I'm buying everyone I can get for short money RIGHT NOW!!

Things to look for.....

Anything with RUST stay away from....Porsches made from 1977 and later have GALVANIZED BODIES.....WALK away from a rusty 911 unless you can buy it for UNDER $2000 and just PARK it inside and WAIT....
The REAL BUYS are the good condition higher mileage cars that have good paint.

HAVE any Porsche you consider buying INSPECTED BY A PORSCHE MECHANIC!!!!  A L W A Y S.....Unless you know these cars like the back of your hand...The 6 cylinder air cooled engine is built like a PANZER but REBUILDING one can set you back $10,000......Make sure you buy one SOMEONE ELSE spent $10,000 on!!!

Look for accident damage....Smoke coming from exhaust,oil leaks......Also check PELICAN PARTS web site for everything Porsche related.

But most of all????

ENJOY THE HUNT......Drive a LOT of cars before you buy one and you'll LEARN what a GREAT PORSCHE drives like and what a TURD drives like.
Be patient and LOW BALL everyone with CASH OFFERS.

[jmd_forest]

I had a '69 911T Targa a number of years ago that I bought in pieces from a "wanna be restorer" that got bored with his project. I rebuilt the engine and welded in some sheet metal to replace some rotted frame pieces and painted it "arrest me red".  It was an absolute blast to drive with the 6 Weber carbs (one for each cylinder), Targa top off, and great handling.  I sold it along with my '68 Jaguar XKE coupe to help with the down payment on my first personal home.

One thing for sure....fdjake is absolutely right about avoiding rusty 911's. Once they start going rusty it's a MAJOR repair to fix it right, well beyond the abilities of all but the most determined hobbyist.

Maybe I'll start looking for a 911 project.

jmd_forest

[REIER]

Fdjake,

Thanks for the tips. 

As handy as I am, I certainly have no desire to learn and start rebuilding a porsche engine, or deal with body repair. Not being that familiar with them, I'd never plunk down a cent without knowing for sure what I'm getting into. I'm gonna have to go make friends with a porsche mechanic, for sure.

Man, thanks for sparking that teenage itch in me again, I'm gonna go do my research and keeping my eyes open. I just love getting a great bargain, especially with the potential of it being an appreciating asset.