Should I sell my lovely 2S?

[NIBrown]

It took me years to save my pennies to purchase my dream car and after looking at a few dogs, I found a really clean example with few faults.

Suspension has been sorted and the only fault is that the rear bumper stays need replacing.

Problem is,it is sat in my garage most of the time with hardly any use.
I only do around 1200 miles a year and religiously have it serviced at my OPC.

The car has been a sound investment and not lost me any money, only taken out on sunny days and cleaned with care.

But, I am considering selling to raise a deposit for a buy to let pension investment!

If I sell, I know that I will probably never be able to afford to buy one again, but will always be able to say that I have owned one!

Property prices have probably dipped as low as they are going to and this money might be better invested as a pension.

It seems that classic cars have risen in price over the last couple of years, with people investing in them instead of banks etc.

Am I mad to be considering this? or just sensible?? :dont know:

Your thoughts would be much appreciated :?:

 

[MisterCorn]

Sell it, sort out your pension. For me these cars are to play with using 'spare' money. If it's needed for other things then just like any other toys they have got to go.

MC

 

[spongebob squarepants]

I voted keep sorry you can't sell that car :hand: :hand:

You might never reach pension age so keep

 

[Bradders]

Sell it, sort out your pension. For me these cars are to play with using 'spare' money. If it's needed for other things then just like any other toys they have got to go.

MC

Unfortunately +1 from me.

 

[Kimbo]

And me.

 

[decgraham]

Hi,

I bought my first Porsche, 1990 964 Targa C4 in 1994. I had wanted one since I was 14 years old having seen one in the car park at a stately home, it was there that the dream began. At 39 years of age I fulfilled that dream but told myself that if I had to sell it the following day because I needed the money, so be it, at least I'd have owned one. I have been lucky, I kept the car for 6 years before getting my 993, in fact I had both the 964 and the 993 in 2000 in Q8. I sold the 964 that year to a friend who still has it in Austria so I am able keep an eye on it although from a far I still have the 993 after 13 years and like you do very few Kms, about 2000 in a year now, but again if I needed the money the car would have to go.

IMHO you have to decide where your priorities lie and what will be best for you and your family.

I'm sure that it will be sad to see it go if you take that route. however, best of luck in making your decision.

I vote Keep

ATB

 

[Maxie]

House vs car? No-brainer. House wins every time especially if it pays a dividend every month which could be used to save up for another 993 in the future.

~ Maxie

 

[Kimbo]

I don't know what job you do NIBrown, but it can all go pear-shaped overnight, even if you work for yourself.

At least with a buy to let you've got some dosh coming in and cars aren't easy to sell instantly, unless you're prepared to take a big hit.

 

[jackal2513]

damm shame


can your own house not be a pension one day ? i.e. sell up and downsize when youre both older and on your own

have to agree with the other folks... priorites and security is important esp. where kids are involved

 

[jonttt]

I think your logic is legit ie property is the safer long term investment and the car effectively a cheap toy over the same term.

Property prices have not reduced to the levels they should have due to various government schemes but the forthcoming extension of the free deposit scheme will definitely stimulate the market and prices again (perhaps not for the best in the medium term) but the government has both eyes on the next election so now is definitely a property market about to rise.

A wise man once told me that he best long term investment on any island is the value of land and property.

I'm in the process of buying property but factored in buying the 993 not hindering that priority otherwise the 993 would have waited a few years.

The only caveat is if you are not an experienced buy to let landlord it is never without its hassles unless you are very lucky ie the money will not come rolling in so buy at the right price, be happy with a modest net return per annum and play the long game with the real gains being long term capital appreciation. Ps don't forget capital gains tax, its will never be your main home ;-)

 

[highway]

It's only a car. Barely even that as like most, you don't use it. Don't be sentimental, sell the bitch and get that money it represents earning for you ( rather than the other way around)

 

[highway]

Offer it to Mohito....

 

[jonttt]

Offer it to Mohito....

:?:

I will swap you for a 2 bed squat in Liverpool :dont know:

 

[Kimbo]

Don't be sentimental, sell the bitch and get that money it represents earning for you ( rather than the other way around)

Love his posts. Best writer on here.

:thumb:

 

[highway]

I was just thinking about Special K, hence my new thread....