Best Porsche as Investment?

[KH]

I have a mate who has very little interest in cars, but likes the idea of owning a classic Porsche, using it at weekends and being able to sell it on in a few years time for a profit.

He came to me for advice, but I've lost money on every Porsche I've ever bought and sold so I'm not ideal.

My first thoughts would be a 70's 911S but as he only (!) has up to £40,000 I think that's probably out of his reach. I own a 993 myself, but I can't keep track of 993 values. Maybe a 3.2 carrera and stick the rest in the bank. Dunno.

Any thoughts welcome but I appreciate no-one's got crystal balls.

[KH]

I hadn't thought of the GT cars. A massive amount of car for the money.

[KH]

subaqua said:

Its a car... its for driving.

If its an investment you want to make, buy shares, a house or a painting. Driving a car and consequently wearing it out reduces the value of your "investment", so IMO you want to buy a car for the pleasure you get from driving it. If you want to make an investment, put the money elsewhere

Everything he has bought like that has gone down in value, that's why he's thinking about a car.

[KH]

Thanks Ben.

I have had a few nice cars in the past that I sold too early and could have been sitting in Barbados now had I kept them. Maybe it's not possible any more. I mentioned the 2.4 911S because I've had a few of those. Highest price I ever got was about £7k, now going for... £60k?

[KH]

Yes. You can now see yourself coming.

[KH]

I wasn't going to say anything....but thank you, keep 'em coming.

Edited by KH on Tuesday 12th July 20:44

[KH]

Many thanks for your many insightful replies. I am now of the opinion that Porsches are not a great investment. lol. I've changed the original post below.

KH said:

I have a mate who has very little interest in cars, but likes the idea of owning a classic Porsche, using it at weekends and being able to sell it on in a few years time without losing too much money.

He came to me for advice, but I've lost money on every Porsche I've ever bought and sold so I'm not ideal.My first thoughts would be a 70's 911S but as he only (!) has up to £40,000 I think that's probably out of his reach. I own a 993 myself, but I can't keep track of 993 values. Maybe a 3.2 carrera and stick the rest in the bank. Dunno.Any thoughts welcome but I appreciate no-one's got crystal balls.

Edited by KH on Wednesday 13th July 07:36

[KH]

Yes I was wrong about the price of original 911S's.
Here's one for only ninety grand. http://www.pistonheads.com/sales/2894043.htm

[KH]

Updated my mate and the fool is living in a complete dreamworld and had no idea about yearly running costs which I suggested could be upwards of £2000. He's not interested now and can stick the money up his isa. I've given up. Complete timewaster and sorry to all who have replied.Thanks for all comments which I've enjoyed reading anyway.