Do you have to be wealthy to own a 928?
#31
#32
Intermediate
Join Date: Aug 2009
Location: Cheshire England
Posts: 46
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You don't need to be wealthy, but you need to be realistic. A 928 is a terrible thing to buy if you are already tight on money. It's a bad idea if you owe a lot of money and can't come up with a couple grand quickly for a big repair. It's a bad car to buy if you don't have a budget for maintaining it. The poor condition of many 928s is because people bought them without thinking of future costs. So, when the big bills came, they didn't have the money and let the cars rot or just ran them into the ground. Its also probably a bad car to buy if you want to buy the cheapest one you can find and hope for the best.
In short, a 928 is a bad car to buy if you can think of bigger needs for that money.
There are a lot of DIYs. In fact, with this group, you can probably do everything you need to to keep a 928 running in top shape. However, maintenance is more expensive than an average car, and if there is a catastrophic failure, it can be very expensive. Having a shop maintain it for you is going to be very expensive, and that's assuming you can find one knowledgeable about 928s.
well this just about sums me right up to a tee does anybody want a 1981 928 bought on impulse, +1 for leperboy coments i totally agree with your reply
In short, a 928 is a bad car to buy if you can think of bigger needs for that money.
There are a lot of DIYs. In fact, with this group, you can probably do everything you need to to keep a 928 running in top shape. However, maintenance is more expensive than an average car, and if there is a catastrophic failure, it can be very expensive. Having a shop maintain it for you is going to be very expensive, and that's assuming you can find one knowledgeable about 928s.
well this just about sums me right up to a tee does anybody want a 1981 928 bought on impulse, +1 for leperboy coments i totally agree with your reply
#34
If you are a competent DIYer, have a good set of tools or you are a tool collector, you understand the technical aspect of cars, you have a good working knowledge of electrics and electronics and can read electrical drawing and you are willing to fault find and repair in preference to renew, you enjoy good engineering design and enjoy driving a super automobile that can still perform then the 928 is for you.
You also have to be a researcher, a good web explorer, an avid collector of 928 information, and definately use the "search" facility on Rennlist (it will become you best friend), source alternative suppliers for your parts, then you will be able to afford to operate a 928.
In 10 year of ownership, the only external work done on my car was the initial TB and water pump change out and the fitting of new tyres.
I also forgot that you need to make time to work on the 928, as they can be time consuming and they also definately need lots of TLC (tender loving care).
Probably one of the biggest problems can be with your better half, as they can get extremely jealous of the time you spend with the 928, however, one of the best aspects of the 928 is when you turn off the ignition and disconnect the battery, the car shuts down, but it is very easy to revive.
Tails 1990 928S4 auto
You also have to be a researcher, a good web explorer, an avid collector of 928 information, and definately use the "search" facility on Rennlist (it will become you best friend), source alternative suppliers for your parts, then you will be able to afford to operate a 928.
In 10 year of ownership, the only external work done on my car was the initial TB and water pump change out and the fitting of new tyres.
I also forgot that you need to make time to work on the 928, as they can be time consuming and they also definately need lots of TLC (tender loving care).
Probably one of the biggest problems can be with your better half, as they can get extremely jealous of the time you spend with the 928, however, one of the best aspects of the 928 is when you turn off the ignition and disconnect the battery, the car shuts down, but it is very easy to revive.
Tails 1990 928S4 auto
#36
Rennlist Member
^^^^ What Tails said !!!
One of the cool things about the 928 is that people with more money than many of us would love to drive them, but, can't afford to own them anymore. They don't do their own wrenching and have trouble in their areas even finding somebody they can pay to fix them. Plus the hours to fix them are enormous unless the hired wrench specializes in 928 or just happens to really know them. So its just too costly for richer guys. Think about it.
One of the cool things about the 928 is that people with more money than many of us would love to drive them, but, can't afford to own them anymore. They don't do their own wrenching and have trouble in their areas even finding somebody they can pay to fix them. Plus the hours to fix them are enormous unless the hired wrench specializes in 928 or just happens to really know them. So its just too costly for richer guys. Think about it.
#37
Rennlist Member
#38
Rennlist Member
<snip> . . .
Probably one of the biggest problems can be with your better half, as they can get extremely jealous of the time you spend with the 928, however, one of the best aspects of the 928 is when you turn off the ignition and disconnect the battery, the car shuts down, but it is very easy to revive.
Tails 1990 928S4 auto
Probably one of the biggest problems can be with your better half, as they can get extremely jealous of the time you spend with the 928, however, one of the best aspects of the 928 is when you turn off the ignition and disconnect the battery, the car shuts down, but it is very easy to revive.
Tails 1990 928S4 auto
#39
Rennlist Member
Mine saw me one, raised me one.
We found a very nice 86 auto. She claimed it, almost forceibly, from my son. She's put nearly 20K miles on it in 2 years. Absolutely loves her car.
We found a very nice 86 auto. She claimed it, almost forceibly, from my son. She's put nearly 20K miles on it in 2 years. Absolutely loves her car.
#40
Racer
In the long run, it would be cheaper to go to Car Max and pick up a newer Porsche Boxster with a $400.00 a month payment, but it will never be a 928!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.carmax.com/cars-for-sale/...S|p|2525599457
http://www.carmax.com/cars-for-sale/...S|p|2525599457
#42
In the long run, it would be cheaper to go to Car Max and pick up a newer Porsche Boxster with a $400.00 a month payment, but it will never be a 928!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.carmax.com/cars-for-sale/...S|p|2525599457
http://www.carmax.com/cars-for-sale/...S|p|2525599457
I'm not so sure. Early Boxters are still depreciating, are a lot more common, don't have the 911 cachet(of course, neither does the 928), and you're still paying Porsche repair bills. 928s, 944s and to a lesser extent 968s are at or near the bottom of their price range. They aren't going much lower in price. All the money you will spend on the car post purchase goes directly to maintenance or repair, and keeping the car in good condition means if you need to sell it, you'll be able to sell it roughly for what you paid for it, or a tad more.(depending on the economy, of course) And yes, it's still a lousy investment.
When I started looking at buying a car last fall, I was ready to buy a new or nearly new 335. Then I looked at what I'd be paying per month on the car. Then I looked at the interest. Then I looked at the depreciation. Then I looked at the cost of keeping my '95 Crown Vic as a DD, and buying a "fun car" for the summer. In comparison, it is cheaper to buy a 928 and keep the crown vic than to trade the crown vic on a new car.
Of course, there are a lot of cars I could have bought that would have filled the bill as well as a 928. However, given the price, the vast majority don't perform nearly as well, are far more common, and usually need a non-trivial amount of body work. That last point is something that gets glossed over. Ever see a BMW 635csi that didn't have a rust issue? If you look through this forum, body restoration is the dog that doesn't bark.
#43
Rennlist Member
Rennlist Site Sponsor
IF:
- You can and will do all or almost all of your own work.
- You are willing to learn how to do the work.
- You are willing to buy a minimal set of metric tools and a few not-too-expensive special tools ($60 belt tension gage, flywheel lock, etc.).
- You are willing to live with a fun-to-drive, slightly worn/rough daily driver, and NOT require a new or restored 928.
- You are careful enough and lucky enough to avoid timing belt failure, thrust bearing failure and other relatively rare problems.
Then you can drive a 928 for free - that is, if you keep the car in the same or better condition while you own it, you can probably sell it for close to what you paid for it. Not many cars like that.
IF:
- You can't/won't learn to do your own work.
- You don't have anywhere to work on the car.
- You can't afford the insurance.
- You want a new or restored 928.
Then you probably can't afford one.
- You can and will do all or almost all of your own work.
- You are willing to learn how to do the work.
- You are willing to buy a minimal set of metric tools and a few not-too-expensive special tools ($60 belt tension gage, flywheel lock, etc.).
- You are willing to live with a fun-to-drive, slightly worn/rough daily driver, and NOT require a new or restored 928.
- You are careful enough and lucky enough to avoid timing belt failure, thrust bearing failure and other relatively rare problems.
Then you can drive a 928 for free - that is, if you keep the car in the same or better condition while you own it, you can probably sell it for close to what you paid for it. Not many cars like that.
IF:
- You can't/won't learn to do your own work.
- You don't have anywhere to work on the car.
- You can't afford the insurance.
- You want a new or restored 928.
Then you probably can't afford one.
#44
I remember one of the Grand Viziers (Wall P, Dr Bob or Jim Bailey) mentioning that you should expect to budget about $1000 per year on bringing a recently purchased, running 928 into full operational readiness during the first few years of ownership. I thought, "No. Not me. I'm a complete DIYer". Well, its been just under $1000.00 per year for these first 3 years. I'm thinking that unless I attack A/C, it may reduce a little bit over the next few years, but the little bits add up. I will say that as 80's GTs go, these are the cream. Forget experiences with MG, and those Italian Alfas, Fiats and Ferraris. Fix something on a 928 and it generally stays fixed.