85euro928

I think you mean $0.00

jetson8859

As many have said, we didn't buy a 928 based upon a sound economical decision, we bought one because there is something alluring to them, much like a mythical siren calling. I bought her in March and have been working, along with a couple of other folks, in making her a reliable driver. Roger was one of my first calls and he directed me to Rennlist. After reading am much as I could, I decided to spend the $$ to get her up to speed. Things accomplished to date:

Repairs/deferred maintenance
TB/WP with PorKensioner
Complete top end refresh
TT bearings and PKlamp
new MAF
rotors, caps, plug wires
Power steering rack, reservoir and hoses
New Stereo (inop at purchase)
Front wheel bearings
brake sensors and pads
fuses, relays and DeOxiT
replaced A/C head unit, o-rings, dryer, expansion valve (inop at purchase)
window motors (both sides, inop at purchase)
window, sunroof switches (inop at purchase)
all interior lights, door pin switches (inop at purchase)
Trans service
differential service

Upgrades:
18 inch Twist rims and tires
Confort seats (has sport seats but leather in bad shape, will be recovered)
New amp and speakers (polk audio)
Powder coating intake, cam covers, oil fill neck, cross brace

Care purchase: $4,000
Miles driven to date: less than 90
parts/maintenance/upgrades: $ 11,937 to date
insurance (6mo/yr): $ 650 per year
gas: $ 55 (one tank, still half full)

So I guess my cost per mile would be $177/mile to date. I am planning on driving her to 3rd coast which will greatly reduce my cpm and will make her a partial weekly driver so will be able to provide additional information after a year.

While I aware of the adage of buying the best car you can for the money you have, I figured that unless I was getting impeccable maintenance records I would be doing half of the things anyway, especially after reading about TBF and TB/WP failures! This way, I know what has been done, when and why. I have done much of the work myself and this forum is invaluable for that purpose. As others have said, it is very therapeutic and I can actually see what I am getting for the dollars spent.

This is one of 3 cars i have ever wanted to own and will be keeping her for a very long time and unlike a trip around the world, I will be able to enjoy her anytime I want AND make memories.

dr bob

So, it's been a dozen years now since I started this thread. I've been tracking costs in the logbook since the car came to me, but the logbook and I are not conveniently close right now. Needless to say, for data security reasons, the logbook is NOT maintained electronically. But I can generalize some... The 928 still has an honored position in the workshop/garage. I haven't driven it enough this year. So the cost-per-mile number is astronomical when I consider the services (timing belt and associated bits). Plus full fluids services of course, a new battery, stuff like that. In return it hauled itself effortlessly with me in it all the way to Oregon in 100º+ central valley heat, and sits ready to romp down the highway at a turn of the key (after I reconnect the ground strap...).

It needed rear tires at the end of last year, and will likely still need them at the end of this year. In addition to the direct operating costs, there have been some substantial indirects lately. The new house has a pretty substantial garage/workbay now, albeit at a cost of less than half of the garage/workbay addition I "needed" for the car at the previous hacienda on the hill in SoCal. More than enough to buy a new Pana TT and a Cayenne S, with full dealer services, for yardsticks. Don't know if that can be safely considered in the cost-per-mile numbers but for sure contribute the total cost of ownership calculation.

The good news is that it's all been relatively painless. For those with long enough memories stretching back to Porschelist and Porschefans days, my earliest 'justification' was that I was able to buy a car with 22k on it for the all-in first year cost that was similar to a new Taurus/Accord/Camry sedan. Which would I rather drive? That justification continues. With only 90k more miles on it in the 17 intervening years, I'm confident I could find someone willing to pay my original purchase price to take it off my hands should that need arise. It runs and drives extremely well. Absent the need for the rear tires, I'd jump in it and do a coast-to-coast run in it without a second thought.


Let's all visit again in another ten years or so and see how things continue to shake out.

hacker-pschorr

All things are relative, compared to what?

I had a boat, the money sunk into that hobby could have bought me a nice GTS 5-speed just in docking fees alone.

A few people in our group have planes.

Snowmobiles? They give boats a run for their money when you consider money invested over time actually used.

I should have a local 928 owner chime in about the horse ranch she owns if you want to really hear about a money pit.

The mountain bike I'm looking at costs more than the S4 I recently purchased.

All things considered this a relatively inexpensive hobby, and one that is not just 100% for pleasure. I can actually use my 928 for utility and daily transportation which I could not say about any other hobbies I've been involved with.
Except for last winter I almost had to use a snowmobile to get groceries.

I hear what you are saying but what's the alternative? Giving up cars isn't an option. Sure we could all just buy a Corvette, they should be cheaper.

oldfrat

My sons appreciate the fact that I've bought a 928 instead of acquiring a mistress or a young trophy wife. They have the impression this might salvage more of their inheritances.

Brad

928porschemangreg

I sold off one hobby (Gun Collecting), for this one. Gun collecting over 30 years was way more lucrative, earning 3x the original investment. But that was Hobby-Investment-Learning.

The 928 is Hobby-Learning-Camaraderie, etc. I like working on one car for just pleasure and hobby. I have 4 others that are for utility, Daily driver, Wifes, sons and Snow plow truck. Those are not as fun, and are just necessary. They are all old.

When I work on the 928, I smile more, less swearing and pain.

SwedeInSiam

Owned my 928 for 1.5 month and spent $7500 on parts+shipping+taxes already.
You don't know how lucky you are in US and Europe with cheap cars and parts.

Richards 928

I don't count the time I spend on my car. I love to work on it. Do stuff. I look forward to spending time with it in fact that is why I bought it. And I love to take it into the local hills for a drive. I really enjoy planning upgrades. Bringing it all together.

Like everyone else I have a daily driver, I also have an SUV and I have a commuter car. Each has a purpose.

My 928's purpose is part hobby, part emotion, part history and most important, ongoing personal challenge.

dr bob

Spend more to rationalize the previous spending. Gotta love the logic!


All this "investment" deserves a reward, and a ride to Tejas to visit fellow addicts certainly qualifies in that category. Not in the cards for me this year, at least not in the 928. I could probably show up in a rental something.

dr bob

She's a 'mistress', just in a different form. More timeless than a 'trophy wife', plus you can leave the 'mistress' in the garage on a tender, ready to go. Total liability is quite limited. Those other options, not so easy.

Rob Edwards

Would _love_ to do it but requires at least 4 days away, during which at least one lecture and one call weekend are already scheduled. Just got the hall pass for next year, tho, which is about the lead time things take around here....

mark kibort

its cheap..... ive been racing mine for many years and most of the expense beyond Gas, bake pads and oil changes are chosen upgrades. the only things that have gone wrong, has been a broken 5th gear in the transmission due to racing hard for over 10 years on that particular chassis. the waterpump issues were normally bad water pumps to begin with. And over the years, little things that most cars wear out, was expected.....
I race on used tires, so no tire cost.
before that, as a street car for 10 years, the costs were very minimal. the car is bullet in my opinion and very cheap to own. if you have someone at a shop do your timing belt, then that will drive the costs up. but that's only every 5-7 years.

Eplebnista

Cost per mile is the wrong metric. Cost per smile is right metric if you need to have a metric at all.

ilikebig928butts

Ever since I picked up my 928, I no longer have hooker nor poker money...

Spun

You need to drive her more!

. I figure I have about $80K in my blue one less gas. I have 70000 miles on her so far. I'm closing in on $1 per mile just to drive her... I figure by the time I hit 100K miles I'll be driving the cost down. better deal than a new one for sure and so much more fun to me