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Old 12-24-2014, 11:11 AM   #15
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Join Date: Nov 2004
Location: New Jersey
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I would have sold my car in June of 2008. Used the cash to begin buying my 10 favorite stocks in April of 2009. Bought back the car at half of what I sold it for in the winter of 2009-2010 and maybe picked up a couple of air-cooled fixer uppers for a song to keep for later resale. But my damn crystal ball was on the fritz again. As such I decided to keep the old girl and eat the big repairs instead of committing to the big expense of a newer Porsche when the country was in financial hysterics and 996 Carreras were losing as much as $20K in resale per year. Crystal balls are very underrated...

As far as the car itself? The best rule in my experience when it comes to workhorse Porsches (a.k.a. water-cooled) is to be in by 30K miles and out by 60K. Let the previous owner take the hit on the depreciation and pass the major maintenance costs (~$12K to date @ 90+K miles) onto the next owner. You should always own a Porsche but just not the same one. The one time I didn't have my car for nearly two months much anxiety and depression ensued.
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