In 1964, I couldn't afford a "new" Porsche either...or a "new" anything for
that matter. I made $1.25 an hour as a parts driver. But I did buy a used
Bug Eyed Sprite for $700. Dad put a hundred down on it and I payed $30 a
month on a 24 month loan. This was in Souther California. Used 1950 vintage
356's ran about twice that much then. In 1966, I was in the Air Force
stationed in Ohio...I remember getting about $89 per month as an
E-3...Airman Second Class. In Ohio, at that time, you couldn't hardly give
away a 356 Porsche! I was able to afford my Speedster because I bought it
from the guy who owned the shop (Lou Gregg) where I was moonlighting part
time as a mechanic for $1.00 an hour. I never actually paid it off. I
eventually gave the car back to Lou and borrowed $1,000 from some loan shark
finance company and bought the '58 Coupe (from a customer) which was a car
that I knew well because I worked on it several times. I sold the '58 Coupe
2 years later in California for $2,800....almost 3 times what I paid for it
in Ohio!
Bill Oker
-----Original Message-----
From: LMR356@aol.com [mailto:LMR356@aol.com]
Sent: Thursday, March 29, 2001 4:45 PM
To: Tombread@aol.com; OkerWR@navair.navy.mil; greenman62@hotmail.com;
jrosevear@thinkinginvestments.com; vintage-race@autox.team.net
Subject: Re: Vintage Racing...it's only relative
In a message dated 3/29/01 3:51:26 PM Eastern Standard Time,
Tombread@aol.com
writes:
In the mid '60's, when normal people could afford a 356 Porsche
Here's a little trivia in response to the above:
A 1964 356C Porsche SC Coupe, POE Teaneck, NJ, listed for $4.750.00*
Although that Porsche looks pretty cheap thirty-seven years after the
fact....not too many "normal people" could really afford to pay $4,750.00
for
a mid-range sports car. MGB's and TR4s were selling for $2,000 less, while
the Aston Martins and Ferraris were "only" selling for $7,500.00 more!
Yikes.... I'll take a half a dozen 275GTBs ...and put them away for a rainy
day! Perhaps the real measuring stick is that 100 octane, leaded gas was
$.40 a gallon....
Lee Raskin
Brooklandville, MD
Arnolt-Bristol and 356ers
* Source: N.A.D.A Classic/Special Interest Appraisal Guide 1/2001
|