ISA vs Porsche

[RSGulp]

Okay, supposing I popped into the Cheltenham & Gloucester today and came out with a £7 (!) annual interest payment on a £16,000 cash ISA balance...

I'm thinking I would have a lot more fun investing similar money in something with a Porsche badge on the front. Something to keep for the next few years which will return more than about 3% interest which is what the top cash ISAs are paying out.

A good 5 speed 930 Turbo would probably be my choice for a car which is definitely going to appreciate but would need to add a few £k to the budget. Maybe a really tidy 968 clubsport?

What would you do? (All hypothetical of course [])

 

[964RS_DAB]

GT3RS (996) for me, I think they will climb North of their current £55 - £60k over time. I can't think of any pre 996 RS which hasn't returned to original list price or exceeded it over time. Given the GT3RS was made in relatively low numbers this should also help values grow over time.

911 3.2 CS c1988/9 may also be a wise buy provided you can pick one up at the right money

 

[ChrisW]

Agreed, 140 RHD worldwide and around 500 in total ?

The actual number is on one of the GT3 topics ---

And there is now the odd very nice car at around £55k --- and quite a lot for sale.

'Still like the MkI though !

 

[RSGulp]

Ah, but C&G won't give me £55k - just my £16k they have sat on for a year in order to give me 700pence for my troubles.

So, what is there for £16 - 20k which will return more than 3%?
Porsches, watches, gold, shares? Would prefer something I can drive...

 

[ChrisW]

You won't get a 964 Celebration for that --- but you would get a very very nice 968CS --- []

 

[964RS_DAB]

ORIGINAL: ChrisW

You won't get a 964 Celebration for that --- but you would get a very very nice 968CS --- []

Indeed you would Chris [], I did just that 1 year ago []

 

[ChrisW]

David, I hope that the car continues to do you well []

 

[Melv]

Do I sense a bit of arm twisting goin' on here with Mrs Claridge???[]

 

[jason]

I fear for 16k you are going to struggle to find anything with real investment potential, once you take insurance, road tax, mot & servicing into account.

Most collector stuff that has further potential is already above this.

Try another make??

 

[Steve Brookes]

ORIGINAL: RSGulp

Ah, but C&G won't give me £55k - just my £16k they have sat on for a year in order to give me 700pence for my troubles.

So, what is there for £16 - 20k which will return more than 3%?
Porsches, watches, gold, shares? Would prefer something I can drive...

I'm glad to see that I'm not the only one that left money in an ISA and presumed that it was still earning something more than a few pence (580 over the last year in my case) [&:]

How about investing it in something like a 968CS that will pay you in track smiles and leave the 964RS to take care of the future cash returns?

 

[h_____]

ORIGINAL: jason

I fear for 16k you are going to struggle to find anything with real investment potential, once you take insurance, road tax, mot & servicing into account.

Most collector stuff that has further potential is already above this.

Try another make??

Agree - running costs kill the argument for something in this price bracket.

 

[PhilRS]

Do you think that this will happen if Porsche keep producing the 996-7-and-others GT3 RSs? In total, they produced many GT3s. Isn't this a significant difference for future values, compared with the earlier evolutions of the RS which were all produced (a) for a short time and (b) in more limited numbers?

Some indexes of classic car values have already gone down (e.g. the Hagi F and the Hagi P, see http://www.historicautogroup.com/ note that Porsche does not fare too well at the moment)

Also, the automotive world is going "hybrid" now and who knows what do-gooders legislation this will lead to...

PS: Edited to say. Don't get me wrong, I have made money buying, enjoying and then selling my 911s. But I believe that one will need to be *very* selective in the future because values are already very high--with inflated perception in the UK possibly due to weak pounds and keen European buyers.

ORIGINAL: 964RS_DAB

GT3RS (996) for me, I think they will climb North of their current £55 - £60k over time. I can't think of any pre 996 RS which hasn't returned to original list price or exceeded it over time. Given the GT3RS was made in relatively low numbers this should also help values grow over time.

911 3.2 CS c1988/9 may also be a wise buy provided you can pick one up at the right money

 

[Robin]

Interestingly Nationwide who are also offering very low percentage interest on a cash ISA wanted to charge me £20 to close my ISA and transfer my money by electronic means into my bank acount (another bank) that was more money than they paid out in interest over the past two years. It was cheaper to take a cheque.

 

[ChrisW]

But as a "consumable asset" any increase in the value of a car in private ownership is tax free .... []

 

[paul kelley]

Aw shucks fellas just get out there and buy anything that looks good and have some fun. There is a very nice 944 at under £4000 on this forum, I am sure you would get your money back in a couple of years after the recession is over[8|]

Mels new helmet could even be a good investment (with his autograph of course[])

Have fun

Paul Kelley

 

[964rsdatabase]

Rich, I've done just that! Have been and bought myself a 1998 TVR Chimaera 500. Limited edition, 1 owner, low mileage. £11k (Picked it up today). Totally different to the RS but that was the idea.

Retreats for cover to avoid the 'Tow Vehicle Required' jokes! []

And before anybody asks, no there won't be a TVR database!

 

[Hacki]

ORIGINAL: sapex666

1998 TVR Chimaera 500. Limited edition, 1 owner, low mileage. £11k (Picked it up today).

One owner, low mileage, UK car, history known - Martin, you are getting old![]

 

[Melv]

ORIGINAL: sapex666

...............bought myself a 1998 TVR Chimaera 500...........

Retreats for cover to avoid the 'Tow Vehicle Required' jokes! []

Keep this handy Martin:

www.flyingbluedog.co.uk

[]

 

[DSCBoy]

924 Turbos?? Bought 4 for 2800 quid... given a dead one is 3000 euros over here I'm sure in a few years time they will be of value... and you can always build one up as a track car for the Youngtimer series on the Ring, or take up a bit of rallying and do the Historic Monte for which they are also eligible??
First target for me is Tour Brittannia... now that should be a lark if only for the looks on the faces of the boys in the RS's and RSR's when 2k's worth of 924 Turbo comes slithering down the inside into the first corner... ;-)

 

[ChrisW]

ORIGINAL: sapex666

Rich, I've done just that! Have been and bought myself a 1998 TVR Chimaera 500. Limited edition, 1 owner, low mileage. £11k (Picked it up today). Totally different to the RS but that was the idea.

Retreats for cover to avoid the 'Tow Vehicle Required' jokes! []

And before anybody asks, no there won't be a TVR database!

I'm sure somebody will fit a tow hook to the RS ... []