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Porsche not Just a Car, it’s an Investment

There’s no such thing as a sure thing when it comes to investments. The stock market can be volatile, banks offer low interest rates on savings accounts and most investments are, well, boring. But as 20-year-old Pia Beckmann found out, investing in a classic Porsche can be both fun and potentially profitable. According to the Porsche news website, Pia decided she wanted a Porsche because of her father’s love for his 928. So with his help, she located a 1987 928 S4 that was available because of a water leak and some paint imperfections. After noticing that the price of 928 S4 Porsches had risen 50 percent between 2005 and 2010, she took the plunge and bought the car of her dreams. Known as the father of the Panamera, which you can test drive at Porsche of Tucson, the 928 S4 will potentially increase in value over the next few years. While that happens, Pia will enjoy her investment every time she gets behind the wheel.

Experts Say Old 911 Models Enjoy Massive Gains

According to Bloomberg, the Porsche 911 and 356 models have recently shown massive gains in value as the collector car market continues to blossom. Bloomberg says blue chip cars have risen from an average value of more than a half-million dollars to $2.6 million, with Porsches going from five digit sales to six and seven digits. “Even models as late as early 2000s’ Carrera GT’s hitting the million dollar mark on a model that used to be worth $300,000,” according to the financial experts at Bloomberg. Of course, that doesn’t mean that every Porsche on the lot at Porsche of Tucson will one day be worth multiples of what you’d pay for it today. But a smart investor who does a little homework can hit it big with Porsche in the classic car market. “If we are saying Mercedes have peaked, Porsches are the next big thing,” RM Sotheby auction car expert Gord Duff told Bloomberg.

Newer Vehicles Have Fastest Growth Rates

Bloomberg reports that “1980 and newer vehicles have the fastest growth rates of any models. What’s more, there are plenty of Porsches on the market now that have been owned by one person who bought it for $30,000 20 or 30 years ago and are now worth $150,000.”

Reliability Key to Porsche Investment Gains

According to Bloomberg, one of the main reason for Porsche’s growing appeal in the collector car world is the vehicle’s reliability. While other vehicles have a running joke that you need to pay for both the car and a mechanic to ride along with you, old Porsches just keep humming along. Many of the collector Porsches are driven regularly, with some even being daily drivers. The key to buying a collector Porsche is to do your research. See where the vehicle originated, how many owners it had and if it had any accidents. With a little work and luck, you just might cash in with a collector Porsche.

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