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YOUR RESEARCHWhat 911 Model can you make money on and have a little fun?
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Replace ims bearing
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I figure since they made 435,000,000 of the 996 model that by 2060 they might start going up in value but won't be a damn person left to change the IMS bearing on the 50,000 mile service...
What 911 Model can you make money on and have a little fun?
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Leading evidence: 'Replace ims bearing' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Replace ims bearing' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Replace ims bearing
No successful repair reported for this finding.
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Reported fixes
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Unsuccessful attempts
1
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Discussions that contain suggestions
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0 original-poster resolution reports. Counts can overlap; they are not unique people or a success rate.
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Suggestion
I figure since they made 435,000,000 of the 996 model that by 2060 they might start going up in value but won't be a damn person left to change the IMS bearing on the 50,000 mile service...
What 911 Model can you make money on and have a little fun?
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17 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.
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Hey guys/gals- I posted this in the 6speedonline forum and crickets. Any advice is appreciated.
Newbie just digging into the Porsche market. Have a few q's and looking for any advice. Anyone out there buying a selling a few times a year successfully? i.e. - 6 month period? Was thinking about buying and selling a few times a year for fun. Would be nice to make a little money at it. I may do the auction circuit and/or just find good deals locally. I am in no rush and can wait to find the right deal. If you had $45K cash - what model/year would you focus on? I was thinking the 2002 911 Turbo as I have seen deals in that range with mileage in the 40 to 50K range. Those don't have the IMS issues - right? I realize the issues are rare but would prefer not to worry about it. Anyone flipping cars with that kind of a budget? Any advice around insurance, etc? I don't mind having a high deductible. Any other ideas? I like the look of the later model cars but want to stay away from the IMS issues which go through 2008 - those also seem to be dropping in value vs maintaining or increasing. The later Turbos are out of my price range. Any help is appreciated. Of course, if you have ideas that cost less money - I am all ears.
Thanks-
Tony
99+ cars are all depreciating and no one knows if they will gain any value in the future from now since they have been mass produced. U would need to buy a decent air cooled car and keep it in storage, not use it... Stop watching TV shows.
The more people track, blow up motors and wrap these cars around trees...the less there will be. I figure since they made 435,000,000 of the 996 model that by 2060 they might start going up in value but won't be a damn person left to change the IMS bearing on the 50,000 mile service...
OK, I'll play. I buy and sell probably 7 or 8 cars a year. I have a dealer's license, but don't make my living from it - it's just a hobby. My son will buy late model Toyota Camrys at the dealers' auction and actually sell them for a profit. But he flips them immediately and doesn't drive them. I will keep a car anywhere from a couple of months to 5 years. If I break even, I'm ecstatic. Normally I lose a little money on them. I've had 3 Porsches and just bought a 928S4 that I will pick up on Saturday. 3 of the 4 of them will still be in the garage. The one I sold was my 964. I bought it in 2003 for $15,750 and sold it in 2008 for $15,600, with 30,000+ more miles on it and about $3,000 spent in maintenance costs. I consider that a huge win. Of course if I still had it today, it would probably be worth $20k+. So there's your answer: if you wanna make money flipping cars, buy a late model Camry. You can do ok with an older Porsche (1998 or older), but don't plan on paying the rent with your profit.
I buy, fix, sell sometimes. I just finished a 968. The key is buying right. I got the 968 for $1800, had $6k in it and sold for $8900. I bought a 928 for $2200 and fixed a few things then sold for $5800. For the 996, I don't see any upside on flipping unless you want to bottom feed, do the IMS, RMS, full flow oil adapter, and AOS then sell it as a fully prepped car.
You need to get the 996 for near $15k with less than 70k on it to have a chance. If you go into the turbo or GT, the chances for flipping at a profit are even lower. I'm betting that retail car lots are driving the price of the 996 down because they sit, and sit, and sit on the lot for weeks. Word is out on the engine problems, and most people these days just don't want to turn wrenches. They just want to put gas in and drive.
I saw a show last night at about 3:00 am where they will teach you to flip stocks. They said you could make $10,000 / month working a few hours here and there in your spare time. If I see the show again, I'll get the number for you. They sounded very sincere.
Have fun now... sell later if you want to/have to.
I would also add that most of the second or third owners are not going to be taking the "concourse quality" care of the car like an appreciating classic warrants. They are buying them cheap and maintaining them as cheap as possible as well. This will further drive down the average price as more of them become average 10-15 year old cars.
Enthusiasts won't sell cheap.
