We’ve watched in awe as air-cooled Porsche prices have soared over the past couple years. And today we found what could be a good investment. This 1965 Porsche 365C in Atlanta is being advertised for $62,000. To give you a benchmark, Hagerty currently values a number 3 condition car at $64,300. And this car has reportedly undergone an extensive restoration. The only thing that seems out of place from the ad is the engine number—see ad for details. Think it’s a good investment?
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Next to early 911's these are the most over priced cars on the market. I owned two of them back in the day and they're nice classic cars but not worth today's money for a glorified VW bug. I just don't get the shark frenzy fetish. Sorry Porschephiles, but that's the reality as I see it..
Not much different than the high $$ on VW buses and Fiat Jollys. I don't get it either but I do get that there is a greater demand than supply.
Can't answer Ed's question but one should buy it because one would like 356s, not because there's investment opportunities,,,,, or not.
I would say the only reason to buy it is as an investment. They aren't making anymore and AC Porsches are quickly becoming the next Ferrari like investment sure things. They will go up in value for exactly the same reason, because it's all a bit of a silly investment pyramid scheme (a bit like some art). They go up, because people with money have an interest in them going up.
If you like driving the cars? Meh! Save yourself some money and buy a Ghia or Bug.
The Bus thing? Well, that ones seems to have a lot more potential to crash. There has got to be a crap load of those still out there un-restore waiting to flood the market. Far, far more then 356's or 911's. I know there are some pretty rare versions of the bus, but even the more common ones are getting good money.
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By Ed Higginbotham
