WTB: 993TT - $70K Budget
#16
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Join Date: May 2008
Location: Arlington Heights, IL
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I always recommend having a cash "Turbo Slush Fund" equal to about 20% of your purchase price. This will protect you in the event something goes wrong after your purchase. So, in your case, Mark, about $14K. This is right about what a top-end would cost. You never want to have buyer's remorse, and be Porsche rich and cash poor.
Before I purchased my Turbo in late 2009 I made sure of the following:
1) Cash purchase- it's just a toy.
2) Knew a great air cooled mechanic to service and repair my car
3) Had my slush fund established (haven't used a dime in 2.5 years)
And when you make the conscious decision to purchase a 993 Turbo, you've gotta have all your ducks in a row (money, funds, cash o la, PPI), and be ready to pounce. So few cars available. Indecision of a 1/2 day or a couple days may cause you to lose out on the car to another more prepared buyer.
Before I purchased my Turbo in late 2009 I made sure of the following:
1) Cash purchase- it's just a toy.
2) Knew a great air cooled mechanic to service and repair my car
3) Had my slush fund established (haven't used a dime in 2.5 years)
And when you make the conscious decision to purchase a 993 Turbo, you've gotta have all your ducks in a row (money, funds, cash o la, PPI), and be ready to pounce. So few cars available. Indecision of a 1/2 day or a couple days may cause you to lose out on the car to another more prepared buyer.
#17
Race Car
I always recommend having a cash "Turbo Slush Fund" equal to about 20% of your purchase price. This will protect you in the event something goes wrong after your purchase. So, in your case, Mark, about $14K. This is right about what a top-end would cost. You never want to have buyer's remorse, and be Porsche rich and cash poor.
Before I purchased my Turbo in late 2009 I made sure of the following:
1) Cash purchase- it's just a toy.
2) Knew a great air cooled mechanic to service and repair my car
3) Had my slush fund established (haven't used a dime in 2.5 years)
And when you make the conscious decision to purchase a 993 Turbo, you've gotta have all your ducks in a row (money, funds, cash o la, PPI), and be ready to pounce. So few cars available. Indecision of a 1/2 day or a couple days may cause you to lose out on the car to another more prepared buyer.
Before I purchased my Turbo in late 2009 I made sure of the following:
1) Cash purchase- it's just a toy.
2) Knew a great air cooled mechanic to service and repair my car
3) Had my slush fund established (haven't used a dime in 2.5 years)
And when you make the conscious decision to purchase a 993 Turbo, you've gotta have all your ducks in a row (money, funds, cash o la, PPI), and be ready to pounce. So few cars available. Indecision of a 1/2 day or a couple days may cause you to lose out on the car to another more prepared buyer.
#19
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Yeah, I am not sure if I want my $14K not invested or earning something while I wait for something to break. I agree with the cash on purchase - we have had long discussions about this on the list, and there are several opinions (of course).
I do agree, you need to anticipate some expenditures, these cars are NOT cheap to keep - some people seem to get really lucky and just sail through ownership with no issues, but that has not been my experience (unfortunately).
Cheers,
Mike
I do agree, you need to anticipate some expenditures, these cars are NOT cheap to keep - some people seem to get really lucky and just sail through ownership with no issues, but that has not been my experience (unfortunately).
Cheers,
Mike
#20
Rennlist Member
Thread Starter
Thanks guys. Actually, it is a little shocking how many low mile TT's have had $10k - $20k spent on repairs in the past few years.
#21
#22
Rennlist Member
Thread Starter
Thanks for all the well wishes guys. I'm prepared to wait for the right car. I'm going to do a garage Reno in the meantime and I picked up a new Cadillac CTS Coupe last week as a daily driver, so I'm content for now.
#23
Just curious...
If a car has 30K miles and now nearly 15++++ years old is it that bad if the nose was painted and fenders to blend if done correctly? Does it decrease the value all that much or is your fear more that the car had prior damage?
Just curious... I know no paint work better then paint work but would many pass up on a straight car due to a nose spray etc?
Just curious... I know no paint work better then paint work but would many pass up on a straight car due to a nose spray etc?
#24
Rennlist Member
Thread Starter
I think it's a personal preference thing. Paintwork concerns me given that I intend to keep the car as a collectible. those wanting to drive the wheels off of the car could probably care less
Last edited by Onami; 07-06-2012 at 07:27 PM.
#25
Burning Brakes
The world of collector cars is indeed different. I don't know of a single collector car, from early Rolls Royces, Dusenbergs et al, to later sports cars like Ferrari Lusso's, Austin Healys, MG TDs, Porsche RS's and everything in between, where whether a fender has been repainted has amounted to even a single dollar in consideration of value. Now if you can find an original barn find that has had zero done to it since new, that car has collector appeal. You cannot use this car in any way. It is only a trophy. It is a piece of chattel for a collector of art, not a beautiful piece of machinery to be enjoyed by a car enthusiast....I could bore all of you to death with why I feel strongly about this but I've already said more than I needed to. On the other hand, a difference of opinion is what makes horse racing possible. Good luck with your search.....Chris
#26
Rennlist Member
Thread Starter
I judged NCRS Bow-Tie unrestored class for more than 10 years and can assure you that panel repaints affect value and even their eligibility to be judged substantially. I have owned numerous low-mile cars including a 1967 L78 Camaro with 10,000 miles, '72 LT-1 Corvette with 32,000 miles, '72 LS5 Corvette with 29,000 original miles (that I drove home 24 hours straight from St Louis, MO) and a '67 L79 Corvette A/C coupe with 53,000 original miles....all unrestored and all driven by me to local cruise nights on a regular basis. I can also tell you that these unrestored and well cared for cars attract more attention and appreciation from enthusiasts than any run hard and put away wet driver or perfectly restored trailer queen. And according to the recent article that was cited here about rising Porsche values, just look at the category that garners the most value---unrestored originals. 993's are still relatively new cars and as such, low-mile examples are plentiful. Check back in 25 years and see what cars are the most valuable to "real" enthusiasts who are attempting to preserve and present these cars in their original "as built" configurations. The restorers will all be searching out guys like me who covet originality so they can view these cars and get their restos correct...maybe I'll charge a viewing fee But seriously, if you like running the tires off of your car that is just fine by me and I wish you good health to do so. It's just not my cup of tea. I truly get just as much enjoyment putting 1,000 miles a summer on my cars as I do just seeing them in all their beauty in the garage
#27
All of that said I commend folks like yourself that have the ability to use these machines so sparingly as it'll give me something to buy when mine wears out
#28
Rennlist Member
Thread Starter
Sorry to hear that you had a bad experience...I had a few too and left my local chapter because of this. NCRS is made up of volunteers who give up their free time to judge your car with no reward. You'll get good judges/people and bad because of this. The best thing to do is become a knowledgable judge yourself so you can refute any inconsistancies. You can also ask for team leader intervention for issues that you are concerned about. At the end of the day, many don't like having their car judged because they don't like to hear criticisms of their hard work (or in many cases, hard earned dollars spent for others to restore their cars). I'm at the point where I don't care if anyone else even sees my cars...I have them for my own enjoyment and know enough about them to judge their correctness/value on my own. Taking a half hour drive out to a coffee shop on a saturday morning with the windows down is all that I need.
#29
This one showed up on PP that seems to fit OP's requirements...
http://forums.pelicanparts.com/porsc...win-turbo.html
No affiliation...YMMV
http://forums.pelicanparts.com/porsc...win-turbo.html
No affiliation...YMMV