The Baron

I have been reading and participating in threads on this Turbo forum and from time to time I read;

"Are we a dying breed?"

" Are 930 Porsches a good deal?"

and I almost chimed in on one of those post but decide to start a new thread.

In addition to (2) '76 Turbo Carreras and (2) '79 Turbos I am fortunate enough to own a few examples of the '65 911 and a few examples of the absolutely awesome '07-'08 GT3RS which I hope gives me a well rounded view of the 911 theme.

For many years I have said that the "Early Turbos " were very undervalued....... in fact, I've told everyone that asks for my advice on the purchase of "vintage Porsche" that they should consider an early Turbo.

My logic or argument;

1965 911 msrp $6,500 (2010 dollars $44,986) Mint value today $70-90,000

1967 "S" msrp $6,700 (2010 dollars $43,732) Mint value today $80-120,000

1973 "S" msrp $10,060 (2010 dollars $49,396) Mint value today $90-150,000

1976 Turbo Carrera msrp $25,850 (2010 dollars $99,043) Mint value today $70-90,000

1979 Turbo msrp $44,650 (2010 dollars $134,079) Mint value today $75-100,000

NOTE:
My sources for MSRP are either the Porsche Red Book and/or my Original window stickers ('65,'76,'79)

My source for Inflation equations for the original msrp is the U.S. Government Inflation calculator http://data.bls.gov/cgi-bin/cpicalc.pl

Based on these calculations;

a mint condition '65 911 is now worth +/-2 times what it cost new (in 2010 dollars)

a mint condition '67S 911 is now worth 2-3 times what it cost new (in 2010 dollars)

a mint condition '73S 911 is now worth 2-3 times what it cost new (in 2010 dollars)

a mint condition '76 Turbo Carrera is now ALMOST worth what it cost new (in 2010 dollars)

a mint condition '79 Turbo is now worth ONLY 75% of what it cost new (in 2010 dollars)

In today's dollars, a '79 Turbo cost the exact same amount as 2010 Turbo (depending on options)

My point is, if you do the numbers, these early Turbos are very very very undervalued as compared to some of their brethren AND they are three times the build quality and performance of the earlier cars.

I don't think we are a dying breed and I think that the early Turbos will soon find their rightful place in the collector line-up, so spread the word ! ! !

Just my opinion based on (current & simultaneous) ownership of several variations of 911 Porsches.

I welcome your thoughts !

pu911rsr

Chuck,
I agree with with your valuation analysis and I'll ad these thoughts
1.They were built in fairly low volume by Porsche standards.
2.Many were wrecked, modified or very poorly maintained.
3.You rarely see nice correct cars come up for sale anymore, when they are priced correctly they sell.
4.They were the first Porsche "supercar" (I hate the term) but they do provide a real step up in performance and appearance from a 911, much greater than say a 1973 911 S and an RS, where there is a 3X factor in price.
Phil

Shannon123

OK.....I do kind of buy into your numbers and it does have the same jingle as what Jay Leno suggests are 'collector car' price comparisons.

The question is....in your mind, what is the MAX milage a 'Pristine' car can have ?

3.6conversion

i agree the early 930s are undervalued compared to other "iconic" P cars. where did you get the curent value range for the mint 76 and 79s you posted? in my search for an early 930 (which i end purchasing earlier this year) I did not find the value of mint cars that high. granted the McQueen 930 went for well over the value you posted.

pu911rsr

Baron is talking about very low mileage perfect original cars, very few of these around, even fewer for sale.
Phil

3.6conversion

that is what i am talking about also,...very low miles to me <20k miles. 2 data points, which i have seen both these cars locally in the past 12 months, both stunning, stock, perfect, original everything, and have interesting histories:

79 930 - personal car of al holbert's when new 15k miles, in a rare color - asking $65k. i could have bought it for $60k but it is more of a museum piece and somthing i wouldn' want to drive. car was sold to someone else.

79 930 - one off in gulf blue built for the CEO of Gulf oil as a present by Porsche to him (documentaion out the yazoo). has special options for him. 20k miles. not for sale but the owner would look for around mid upper 60s if he had to sell which he said he would never do for any price.

if these had 5k miles, maybe they would push into the low range noted. are there super low mile early 930s FS?