$33k in maintenance cost over 8 years. - Printable Version
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$33k in maintenance cost over 8 years. - asantana - 05-09-2008
Finally got around to looking at all the maintenance records from the last owner of my new 968 I got 2 weeks ago.
I knew the 968 had higher maintenance requirements but I was surprised to find out that the previous owner who was very meticulous with his 968, spent $33,000 in maintenance costs over 8 years of ownership. That's an average $4125/year. There was one $5k invoice, one $4k, and two $2k invoices. In 8 years he went from 39k miles to 119k miles, that's 80k miles total (10k miles/year avg).
I'm hoping all the pampering done by the previous owner results in my 968 lasting many more miles. Wow, I felt I got a great deal $42k original price + $33k maintenance = $75k car! Yikes.
Plan to have it as a daily driver!
I'm hearing that you should budget $2k/year on maintenance.
$33k in maintenance cost over 8 years. - waikiki968 - 05-09-2008
My budget is 10% of the sticker per year (same for my boat). So if the car cost $50k, figure $5k per year to keep it in top shape. <img src="/forum/images/smilies/968/dry.gif" class="smilie" alt="" />
$33k in maintenance cost over 8 years. - PorscheDude - 05-09-2008
If you do your own repairs is should be far less than that per/year for maintenance.
$33k in maintenance cost over 8 years. - madridcab - 05-09-2008
Rule number 1: Never add up the bills..!!
Rule number 2: Over a long period of time the maintanace cost is constant.., so if the PO spent a lot, hopefully you should be OK for some time. Similarly buying a car which was maintained on the cheap, you will end up paying..
Enjoy!
$33k in maintenance cost over 8 years. - Ryan - 05-09-2008
33 thousand is just crazy. There have been years when all I did was an oil change and gas. I was using my car as a daily driver for some time as well. Now I am spending a few bucks on parts to fix oil leaks and freshen up the front end. Oh and larger wheels and tires.
$33k in maintenance cost over 8 years. - xrad - 05-09-2008
Armando(like Madridcab says): I have another type of charge to add. It's called the "Catch Up" cost. Here is what I mean:
January 08: received 968 (was told it was in 'excellent' shape with NO problems) 12,500$
Jan 08: noticed on first drive the trans noise: 2000$ for new used trans
Feb 08: leaks, front main and power steering lines and reservoir: 100$
Carpet falling apart after years of sun: 5-600$
Wind deflector hinges crumbling: 50$
Driver door stop: 30$
April 08: AC/power belt tensioners: 90$
front bushings: 130$
Fuel gauge repair: 90$ for tank sender (but really needed 100$ for in-cluster power supply)
various bulbs and l;ittle things:30$
Remove cone filter and replace with KN and original box: 140$
Radiator: shifte to one side and leaking(if noticed and replaced, I would not have to do it):400$
"Catch up" total ~3570$. If car had been taken care of properly, this would have been much lower. But then the owner could have put it into the sale price.....and I do all my own repairs.
$33k in maintenance cost over 8 years. - Kim - 05-09-2008
I tallied up my 1992 coupe that I have had since Sept 2004. I have driven it just about 108,000 km (70K miles?) and have spent about $50K in maintenance and repairs (not including today). But I am still having fun.
$33k in maintenance cost over 8 years. - jeff968 - 05-09-2008
[quote name='Ryan' post='52178' date='May 9 2008, 09:48 AM']33 thousand is just crazy. There have been years when all I did was an oil change and gas. I was using my car as a daily driver for some time as well. Now I am spending a few bucks on parts to fix oil leaks and freshen up the front end. Oh and larger wheels and tires.[/quote]
Same thing with me, I drive about 3K miles a year but my old cab won't need anything so I would end up doing just an oil change.
$33k in maintenance cost over 8 years. - xrad - 05-09-2008
KIM: 50K???...that's mucho even in Canadian $
$33k in maintenance cost over 8 years. - flash - 05-09-2008
it never ceases to amaze me at how little people value their time - time is money to me, so i don't count doing it myself as a discount - since i work for myself, every minute i am not generating revenue, is money lost - even when i take time off, i count it as money "spent" (there is probably some couch time in my future about how i cannot enjoy a vacation) - the way it works out though, if i have to do it myself, it is a LOT more expensive than paying a shop to do it - there is no "free" time for me
33k in 8 years is a bit high - i would have expected about half of that
that being said, i have spent a lot more on mine in the 5 years since i bought it - but, i'm following rule 1, and consequently also not telling the boss
by the way, watch out on the tensioner rod - there was a recent post on a failed one
$33k in maintenance cost over 8 years. - Kim - 05-09-2008
Xrad - yeah, I know. My problem is I hate things not working (they bug me at work about this and say that I am the most anal person they know about cars) and I don't know how to fix stuff well. My last "big adventure" was replacing the wiper blades - that cost me a windshield when the arm fell down on the glass. I haven't a garage and I work far to much. As Flash said, which describes me too, I need to work to make money and I can work all I want. I would rather do what I know how to do and use the proceeds to pay for stuff that I don't know how to do.
By comparison, my 92 cab, owned for just over two years and driven 20,000 km, has cost me only about $2000. That included 48,000 km regular service and two rear tires also.
If you start with a good car (and don't do mods!!!) it makes a difference.
$33k in maintenance cost over 8 years. - xrad - 05-09-2008
KIM: I'm glad your a perfectionist when it comes to the 968's! If you ever sell, someone will be a lucky buyer.
I am all for balancing pleasure and income/work. If at all possible, the less work, the more money, the better(but it never really works out like that).
$33k in maintenance cost over 8 years. - flash - 05-10-2008
rd- perhaps it's my upbringing - perhaps it's leftovers from owning a shop - i also enjoy tinkering on the cars, but still equate it to money
i have been fortunate that nearly every career i have had has been something i love doing, so differentiating between work and pleasure is often difficult, and the line very blurry
my work is my pleasure, but i always think of time wasted or spent in terms of money - i have no problem "spending" time on pleasures, but i want to maximize that time
if i can pay somebody else to do something, while i can then pursue something either more profitable or more pleasurable, then i find that to be a better expenditure
in either case, i make more than a shop charges, and most jobs on a car are more drudge to me than pleasure, so it's better for me to let them handle those, and leave the fun stuff (mods and such) to me - that way i get to have my cake and eat it too
as an example, i let the dealerships handle the BMW and the Denali, even on simple things like an oil change, but i play with the porsche
$33k in maintenance cost over 8 years. - RPM - 05-10-2008
Flash - I really think this thread needs to be deleted. The title is just a little too frightening.
I will never sit down with my book of receipts and a calculator. What would be the point - to discover that Porsche ownership is expensive?
$33k in maintenance cost over 8 years. - Renalicious - 05-10-2008
I probably racked up close to $15K in 2 years chasing problems around. However, I think the car is good to go for a while finally.
$33k in maintenance cost over 8 years. - Kim - 05-10-2008
Not sure that shutting it down makes sense. If we can't brag about our troubles and the cost to fix them where is the fun? In driving only? Come now, we must be able to enjoy a good whine (I like white to match my car).
$33k in maintenance cost over 8 years. - SILVY968 - 05-11-2008
Ryan,
I am amazed to read your post that says that these cars only need oil changes and they are good to go as DD with a bit of work. You are a lucky man!
How long can a clutch, pinion bearing, clutch hose line, water pump, battery or cam belt last?
All of these cars are 13 - 16 years old!
Porsche + age = expense.
Anyone who has checked out the price on retail parts for these babies, at a Porsche dealer, had better be ready for "German sticker shock".
If you can afford a 968, they are amazing cars to drive. I drive mine as a DD, and having had BMW's, 911's and Mercedes Benz SL's, I love my 968 the most! It's like being 17 again in my '57 Chevy when I put my foot in it, but as refined as my 'Benz.
Anyone who buys a Porsche 968 as a DD and expects it to be a low cost street rocket to maintain will be sadly mistaken.
If you buy a new 911 for about $125K or a used 968 for about $ 15K and drive and maintain the 968 for 10 years, your break-even point is $11,000 per year in maintenance. $33k over 8 years is cheap and to be expected.
Brian
$33k in maintenance cost over 8 years. - asantana - 05-11-2008
[quote name='Renalicious' post='52262' date='May 10 2008, 03:54 PM']I probably racked up close to $15K in 2 years chasing problems around. However, I think the car is good to go for a while finally.[/quote]
Fantastic photo Renalicious!
http://www.flickr.com/photos/8443912@N06/2127398544/
$33k in maintenance cost over 8 years. - Scott Collins - 05-11-2008
[quote name='Armando' post='52320' date='May 11 2008, 04:42 PM']Fantastic photo Renalicious!
http://www.flickr.com/photos/8443912@N06/2127398544/[/quote]
Schweet pic!
$33k in maintenance cost over 8 years. - PorscheDude - 05-11-2008
1 on of the coolest 968 pics I have ever seen.