ByronBayChris Posted 3November, 2013 Report Share Posted 3November, 2013 Let's say we can tick all the boxes to allow me to purchase a porsche. It must be collectable with a good chance of increasing in value..... and it can't be driven by me till I'm 65 - -but others can :-( What to choose......... What are your suggestions? Can be from os of course Link to comment Share on other sites More sharing options...
mph911 Posted 3November, 2013 Report Share Posted 3November, 2013 1995 Porsche 911 Carrera 993 RSCS Say no more... Link to comment Share on other sites More sharing options...
ByronBayChris Posted 3November, 2013 Author Report Share Posted 3November, 2013 Nice - or perhaps a 993 GT2 ? Link to comment Share on other sites More sharing options...
TrevMcRev Posted 3November, 2013 Report Share Posted 3November, 2013 Is this a hypothetical question for the fun of it...or can you seriously do this as part of a self managed super fund??? Link to comment Share on other sites More sharing options...
MB911 Posted 3November, 2013 Report Share Posted 3November, 2013 1995 Porsche 911 Carrera 993 RSCS Say no more... Love it, this would be my choice Link to comment Share on other sites More sharing options...
ByronBayChris Posted 3November, 2013 Author Report Share Posted 3November, 2013 Trev, it's a bit of both. Doing some groundwork to approach my accountant and SWMBO. Only a slim chance, but hey, if I don't ask, I don't get Link to comment Share on other sites More sharing options...
Russ Posted 3November, 2013 Report Share Posted 3November, 2013 I'd have this http://www.carsales.com.au/dealer/details/Porsche-911-Carrera-1974/AGC-AD-14716458/?Cr=12&sdmvc=1 what are the rules to it? and are you trying to get a large return on investment when you sell it on? Link to comment Share on other sites More sharing options...
Hounddub Posted 3November, 2013 Report Share Posted 3November, 2013 For pure investment sense you'd have to consider something iconic. My old man's Series 2 E-Type roadster has appreciated a fortune. His is a BRG V12 manual with only 23,000miles on it. Otherwise, an 50s or 60s SL always goes down a peach. Of the more newer cars.....there is plenty of talk around the world right now that original, clean, unmolested and manual Honda NSX is the next real cash maker. Link to comment Share on other sites More sharing options...
nath Posted 3November, 2013 Report Share Posted 3November, 2013 An uncle does this has a few bikes and a few cars including a p car but he still drives/rides them all Link to comment Share on other sites More sharing options...
hugh Posted 3November, 2013 Report Share Posted 3November, 2013 or maybe a Porsche.................? Something like Russ posted would be a good start, anything early, air cooled and ideally original. So many options, I wouldn't say any are better than others - all comes down to buying at the right price. Link to comment Share on other sites More sharing options...
Zelrik911 Posted 3November, 2013 Report Share Posted 3November, 2013 Trev, it's a bit of both. Doing some groundwork to approach my accountant and SWMBO. Only a slim chance, but hey, if I don't ask, I don't get You CAN have classic cars in your SMSF. But you have to setup the Fund so it states that it will invest in 'collectables'. Most accountants will tell you it cant be done as they have an overarching financial interest in keeping investments in cash &/or shares etc where fees can be easily chipped out of the original savings. So you have to find the right accountant. I knew I had found the right accountant when he asked me if I thought it was a good investment if most of my SMSF money was inveated in racehorses? Racehorses!!!!! What the hell do I know about them, I said. So he replied - thats the point - Gaye(?) Waterhouse, who knows a lot about them, has most of her super in racehorses. So if you know your 'collectable' market well you should be able to make as good an investment in your classic car as any investment on the stockmarket. Peter in Melb. Link to comment Share on other sites More sharing options...
edgy Posted 4November, 2013 Report Share Posted 4November, 2013 To me, all the air-cooled stuff is already highly valued and they are what I would say is sound buying/investment... but how about the next big things? Whilst I know it may sound biased, I believe the 996 GT3 will be the car to buy right now! I am unsure how the 991 GT3 will affect values? I guess it could go one way or another in the current market.. but they seem to have just about bottomed out. It's a special car with all the right criteria & relatively low numbers for Australian delivery, if you can get one in your budget I would be waiting for a 6.2 RS they're almost unicorns but I have seen a couple pop up over my last couple of years of monitoring the market. Some good stats there ^^ Not sure how many are still alive, but take into account on the 6.2 that 17 of the 23 Carrara white cars are the RS. So non RS in Carrara white is scarce... I like that colour, same as 6 cup car. Also, I am sure based on looks the 997 GT3 would follow suit, but they are somewhat a different creature again with all the driver aids they have... and I am not overly familiar with it. Link to comment Share on other sites More sharing options...
Simonk Posted 4November, 2013 Report Share Posted 4November, 2013 Here's a little bit of info from the ATO. Investing in collectables and personal-use assets Rules apply to SMSFs investing in collectables and personal-use assets. This is to ensure SMSF investments are made for genuine retirement purposes and do not provide any present day benefit. The rules specify the investment items affected. These items cannot be: leased to, or part of a lease arrangement with, a related party used by a related party stored or displayed in a private residence of a related party. The decision on where the investment item is stored must be documented and the written record kept for 10 years, and the item must be insured within seven days of the fund acquiring it. If the item is transferred to a related party, this must be at market price determined by a qualified independent valuer. For collectables and personal-use assets that you held before 1 July 2011 you have until 30 June 2016 to comply with these rules. If my SMSF owns a motor vehicle - for example, a vintage car - which was purchased after 1 July 2011, can I drive the motor vehicle to maintain its condition and value? No. The regulations do not allow for any use of the motor vehicle by a related party of the fund regardless of the purpose for that use. This means you cannot drive the vehicle for any reason, including taking it for a maintenance drive or to have restoration work undertaken. However, a person who is not a related party is not prohibited from driving the vehicle for such a purpose. Link to comment Share on other sites More sharing options...
Uncle Posted 4November, 2013 Report Share Posted 4November, 2013 This means you cannot drive the vehicle for any reason, including taking it for a maintenance drive or to have restoration work undertaken. However, a person who is not a related party is not prohibited from driving the vehicle for such a purpose. I am more than happy to drive them for you guys. You know, just to keep them in tip top shape* *Now where did I pu that taga tas entry from? Link to comment Share on other sites More sharing options...
Caver Posted 4November, 2013 Report Share Posted 4November, 2013 *Now where did I pu that taga tas entry from? Need a navigator Martin???? Link to comment Share on other sites More sharing options...
Uncle Posted 4November, 2013 Report Share Posted 4November, 2013 Sure Caveman! We won't even charge you guys very much to drive your cars. We are nice like that. Link to comment Share on other sites More sharing options...
wasserkuhl Posted 4November, 2013 Report Share Posted 4November, 2013 OK. 1964-1968 911's, any of , matching numbers and stock as they come. 1965-1968 912's as above. 1974/1975 Carrera's 1976/1977 Carrera's 993 any manual coupe variant - C2, RS or GT2. (I don't consider the turbo for some reason, don't ask me why) 996 GT3's. Any original matching numbers Impact bumper 911 that has had no major departures from when it left Zuffenhausen with them. Link to comment Share on other sites More sharing options...
pocketscience Posted 4November, 2013 Report Share Posted 4November, 2013 Sure Caveman! We won't even charge you guys very much to drive your cars. We are nice like that. After I got my pink slip the other day the mechanic told me the fee and I replied that I should charge him for letting him drive my car... <insert cricket chirps here...> Link to comment Share on other sites More sharing options...
Carrera28 Posted 4November, 2013 Report Share Posted 4November, 2013 996 GT3 RS -The first GT3 RS, low volume and the most raw. Just now starting to become desirable in England which is normally a good lead indicator. Link to comment Share on other sites More sharing options...
LeeM Posted 4November, 2013 Report Share Posted 4November, 2013 A nice early 911 if it's ridgy didge Link to comment Share on other sites More sharing options...
ByronBayChris Posted 4November, 2013 Author Report Share Posted 4November, 2013 Thanks for input. Pretty much what I was thinking. It would have to be a museum piece until retirement, and in would need an unrelated party to take it for servicing :-D Link to comment Share on other sites More sharing options...
wasserkuhl Posted 4November, 2013 Report Share Posted 4November, 2013 Thanks for input. Pretty much what I was thinking. It would have to be a museum piece until retirement, and in would need an unrelated party to take it for servicing :-D They consider Classic cars in the same vein as Art now as investment vehicles(!). I've read the SIS act extensively and indeed you could invest in a car, however for me I would have to drive it and as such, it doesn't suit me. It would suit many people out there who are collectors though. Link to comment Share on other sites More sharing options...
edgy Posted 4November, 2013 Report Share Posted 4November, 2013 I guess the question is what to do about storage? Paid storage would get costly! That extract posted on the previous page states that it must not: stored or displayed in a private residence of a related party. The decision on where the investment item is stored must be documented and the written record kept for 10 years, and the item must be insured within seven days of the fund acquiring it. If the item is transferred to a related party, this must be at market price determined by a qualified independent valuer. Link to comment Share on other sites More sharing options...
KBGr4 Posted 5November, 2013 Report Share Posted 5November, 2013 This would be nice..and a little different as well.http://www.trademe.co.nz/motors/used-cars/porsche/auction-657980371.htmabout $140K AUD Link to comment Share on other sites More sharing options...
ByronBayChris Posted 5November, 2013 Author Report Share Posted 5November, 2013 So either secure storage and pay $$$$ for it (which will eat into the return) or loan it to a museum for display. Link to comment Share on other sites More sharing options...
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