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Interesting vid, but wonder why he seemed to talk down the 928, didn't even mention the earlier V8 non interference engines while on the subject of the 924.
Interesting vid, but wonder why he seemed to talk down the 928, didn't even mention the earlier V8 non interference engines while on the subject of the 924.
He does talk about the earlier pure cars with pascha interior being the ones that he would like to own. We already know that people will pay good money for a nice earlier 78-79 car.
I found it interesting that he mentioned the 924 with the Audi engine. Those were a VW Porsche. I'm sure a lot of them have been thrown away and recycled so every year less of them are out there. I rarely see a 924 but regularly see 944s driving around.
There were only 14,000 924 Turbos built. But there were a few exceedingly rare versions having racing pedigrees (which seems to be the common denominator for collectable Porsches). Only 406 Porsche 924 Carrera GTs were made. Then there were 59 GTS versions made at the Stuttgart factory. These were intended for racing and had headlight covers instead of pop up headlights. There were 19 full-race prepped GTRs (not street legal cars), 9 of which either raced or qualified at Le Mans. So, there are some really rare 924s.
The biggest problem for the 928 is it's a GT car with no factory-backed racing heritage worth noting. Imagine what the values of Panamera's are going to be in 20 years. CAD designed and robot assembled cars are "better" than ever, but all are becoming high-end appliances. The Panamera (or any of the competing makers' entries) are the Sub Zero fridges of the auto industry.
There are several reasons the 928 will definitely be more valuable (at least more interesting) than any decades-old Panamera (but this is setting the bar for collectability very low). Here are a few that pop off the top of my head...
1. First front-mounted water cooled V8 for Porsche
2. Clean sheet design
3. Full of first-ever innovations
4. One of the last hand assembled Porsches
Last edited by Captain_Slow; 02-21-2015 at 09:19 AM.
Well there is also the non turbo variant of the 924 with the Audi engine. That is the model he mainly talks about buying. Cheap, fun to drive, non interference motor (Like Ferraris going up in value or that Acura NSX they so dearly love don't have interference motors )
He merely mentions the 924 Turbo. Last year there was a 924 turbo on craigslist for 900 bucks. It was on craigslist for months.
He also mentions the values of 80s 911s as having been too cheap for too long (like the 928), and he also notes 911 values have recently leveled off. I just checked the Hagerty valuation tool for a 1988 S4. Values have also leveled off. So, it would appear that the rising tide of 911 values was lifting the values of our U-boats. I have a friend with several classic cars (one old Jag valued over $100K). He commented that 928 values are rising because the value of all old cars are rising as people become more confident the recovery from the Great Recession has legs. Perhaps values simply made a rapid upward adjustment and have stabilized.
I think his comments on the 924/944/928 have more to do with a lack of actual hands on experience with the cars and to keep the conversation going he just repeated the few generalizations that he knows about them.
Who cares about interference engines? Its also funny that he mentions Magnus Walker getting a 931, so THATS what all of a sudden makes them interesting?
A good watch though overall.
I dunno....
To me, the "value" of the 928 is, well, it's lack of monetary value.
I can't imagine a better scenario, as a guy who adores cars..
A true S U P E R C A R , that a regular guy can actually afford to find, buy, and work on.
Look at what the guys on this forum actually do with these cars.
Holy cow! (checked out the LadyBug thread lately? )
And the "value" of the 928 exists in several different "currencies",
not just US Dollars (or Euros, or whatever...)
There's the value of still having (relatively) affordable parts (as compared to other SUPERCARS)
There's the value of killer write-ups and support from the community
There's the value of a car that's inherently drivable ( as compared to other SUPERCARS)
There's the value of truly expert businesses here that "get it" and are willing to further the hobby.
There's the value of a car that's loved by it's owners for 'what it is', instead of it being a
'status symbol', or 'poser car', or 'the popular collectable Porsche'.
I have heard for years, decades actually, that cars in general are horrible investments compared to other things. I believe that, from a dollar standpoint. I don't think our 928s will ever turn into bars of gold. And I like that.
It's a car.
Drive the wheels off it, scrape your knuckles and make up new curse words as you keep it running, and just enjoy your S U P E R C A R.
Call me crazy, but I would prefer the cats at Haggerty to just say " Oh geez, those 928s are all crap! They have no collector value and never will!"
Nothing they "say" can change the design integrity or attraction or performance or cool factor of these cars. All they can do is cost us more money. Not cool.
Hagerty insures all my collector cars and motorcycles. Just got my renewal notice, and my premium dropped by $100.00 this year. Every one of my vehicles is " AGREED VALUE."
My 928 is valued at more than what I've got into the car. But I and Hagerty realize that the agreed value is what "WE" believe it would take to replace it. Mine is a driver, very nice, but nowhere near the show car like some if not most of the S4's on this forum. It's fun to drive, and for me will always be a work in progress.
I think 928's will come into their own in the next few years, and values will go up. We're the smart ones regardless of what they're worth. There really isn't anything out there like these cars. I've been in an accident with one, and these cars are tanks!
There really isn't anything out there like these cars.
For what you can do on roads in this country, the 928 has the best mix of luxury, performance, and looks. And a decent budget would bring you up to where you wouldn't be lacking for anything.
02-21-2015, 04:32 AM
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