Is a 1988 3.2 Coupe worth over $30K?
#61
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Stephen
Thanks for the input. The few times I have dealt with Tim Holt I have always been pleased and have found him to be very fair and honest. I remember when he ran H&M Auto in Pennsauken, NJ selling Ferrari's in the 1980's. I wish that he would also start selling Ferrari's since finding a nice well cared for Ferrari is 10X harder than finding a similar 911. In fact, Tim was the only one who could locate a complete concours condition jack kit for my Ferrari several years ago.
Ken
Thanks for the input. The few times I have dealt with Tim Holt I have always been pleased and have found him to be very fair and honest. I remember when he ran H&M Auto in Pennsauken, NJ selling Ferrari's in the 1980's. I wish that he would also start selling Ferrari's since finding a nice well cared for Ferrari is 10X harder than finding a similar 911. In fact, Tim was the only one who could locate a complete concours condition jack kit for my Ferrari several years ago.
Ken
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For comparison here's a 87 with 12K miles for $39K for sale at my local Porsche dealer (Inskip Porsche in RI):
http://nitra.motorplace.com/inskip/e...p&id=194203074
http://nitra.motorplace.com/inskip/e...p&id=194203074
#64
Burning Brakes
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I have contacted the fellow who bought my '88 Carrera last Spring and he is in fact, in a bit of a pinch for money.
The car can be had for $19K (firm). '88 black/black Carrera coupe, 91K miles. upgraded Euro Motronic and 7 & 8 x 16 Fuchs. Car is excellent and needs nothing. PM me. The guy selling the car is Internet-impaired.
The car can be had for $19K (firm). '88 black/black Carrera coupe, 91K miles. upgraded Euro Motronic and 7 & 8 x 16 Fuchs. Car is excellent and needs nothing. PM me. The guy selling the car is Internet-impaired.
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As many have said, what is it worth to you? I paid 28.5 for an 88 3.2 with 36k miles. This was two years ago. But it was a non sunroof model and those are hard to find. Car is loaded with just about all the options and was in show room condition inside and out. To me, I bought a new car. Maintained as well as any car could be.
I would not take 28.5 for it today, and it has another 12k miles on it as well as two years older.
I would not take 28.5 for it today, and it has another 12k miles on it as well as two years older.
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In April 2002 I sold my '89 Targa with approx 55K miles on it for $26.5. It was a Linen Grey Metallic, heavily optioned, near-concours condition car.
I think $30K is a little high considering the current economy etc. However, there is a lot to be said for buying the car from a dealer known for his reputation for selling only outstanding cars. If its what you are looking for and you don't want to chase around looking for another similar example, maybe its the car for you.
I think $30K is a little high considering the current economy etc. However, there is a lot to be said for buying the car from a dealer known for his reputation for selling only outstanding cars. If its what you are looking for and you don't want to chase around looking for another similar example, maybe its the car for you.
#67
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I've found that top quality cars (just like real estate) will always get top dollar no matter what's going on with the economy. It's the less than perfect stuff which seems to vary.
JP
1987 Carrera Targa - 17K miles
JP
1987 Carrera Targa - 17K miles
Last edited by rzepko6194; 01-01-2004 at 06:14 PM.
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JP:
I cannot totally agree. A true "one of" or exceptionally rare or special P-car may retain its value as the owner can "usually" afford to wait.
However, even sellers of very nice cars will see a slowdown in a sluggish economy - ask them. It is definitely a buyer's market today and a dealer will make concessions to move his inventory in order to meet his overhead expenses; take it from an ex-retailer.
Furthermore, IMHO, comparing a Porsche to real estate is not a valid comparison unless you are talking about one of the very special cars I first mentioned.
I cannot totally agree. A true "one of" or exceptionally rare or special P-car may retain its value as the owner can "usually" afford to wait.
However, even sellers of very nice cars will see a slowdown in a sluggish economy - ask them. It is definitely a buyer's market today and a dealer will make concessions to move his inventory in order to meet his overhead expenses; take it from an ex-retailer.
Furthermore, IMHO, comparing a Porsche to real estate is not a valid comparison unless you are talking about one of the very special cars I first mentioned.
#69
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Tom,
I believe a very low mileage, perfect P-car, could be considered rare/special (at least by some), will command a premium and probably not depreciate as quickly as a more common specimen.
I just bought my mint 87 Carrera from a well known East Coast dealer. He only made a small concession from the asking price during negotiations (maybe I'm not as good a negotiaitor as I think I am). He has also sold a good number of exceptional cars in the past few months. The asking prices for all of them were near the top of the market.
You are correct about the real estate analogy; real estate will generally appreciate, most cars will not (at least not over the short term).
JP
1987 Carrera Targa - 17K miles
I believe a very low mileage, perfect P-car, could be considered rare/special (at least by some), will command a premium and probably not depreciate as quickly as a more common specimen.
I just bought my mint 87 Carrera from a well known East Coast dealer. He only made a small concession from the asking price during negotiations (maybe I'm not as good a negotiaitor as I think I am). He has also sold a good number of exceptional cars in the past few months. The asking prices for all of them were near the top of the market.
You are correct about the real estate analogy; real estate will generally appreciate, most cars will not (at least not over the short term).
JP
1987 Carrera Targa - 17K miles
Last edited by rzepko6194; 01-01-2004 at 10:50 PM.
#70
Burning Brakes
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Stephen,
good to hear from you. I'm still looking for nother 993............let me know what's going on in your world out there at Holt's.
Best for the new year.
Charles Robertson
good to hear from you. I'm still looking for nother 993............let me know what's going on in your world out there at Holt's.
Best for the new year.
Charles Robertson
#71
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Purchased an '86 Coupe last week from original owner who special ordered Black, spoilers, sunroof, sport seats in black Porsche cloth, short shift, 16 Fuchs. Complete workshop manuals and records. New 15 takeoff Fuchs w/tires. Car is 100% original. Exterior 9.5, interior 10. 60,700 miles. Needs tires, brakes , hood struts (came with car) and washer pump. I had no problem parting with the $18.5K. Compete history and NDH is most important to me.
Would like to trade the rear spoiler for non-spoiler deck lid !
Robert Anderson
Would like to trade the rear spoiler for non-spoiler deck lid !
Robert Anderson
#72
Burning Brakes
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Good find, and you didn't even have to pay $30k!
But I don't understand, you want to take a 100% original car and make it unoriginal by getting rid of the rear spoiler. At least hang onto the original if you put a plain deck lid on it. Don't forget, the front spoiler will unbalance your car without a tail.
But I don't understand, you want to take a 100% original car and make it unoriginal by getting rid of the rear spoiler. At least hang onto the original if you put a plain deck lid on it. Don't forget, the front spoiler will unbalance your car without a tail.
#73
Drifting
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Originally posted by pig4bill
Good find, and you didn't even have to pay $30k!
But I don't understand, you want to take a 100% original car and make it unoriginal by getting rid of the rear spoiler. At least hang onto the original if you put a plain deck lid on it. Don't forget, the front spoiler will unbalance your car without a tail.
Good find, and you didn't even have to pay $30k!
But I don't understand, you want to take a 100% original car and make it unoriginal by getting rid of the rear spoiler. At least hang onto the original if you put a plain deck lid on it. Don't forget, the front spoiler will unbalance your car without a tail.
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#74
Three Wheelin'
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Wrong. You need BOTH spoilers, or none. Anything else unbalances the car aerodynamically. With just the front spoiler, you'll have MUCH more rear lift than front, which means MAJOR oversteer potential at speed!
I completely agree with pig4bill: You have a rare piece -- a low mileage original car in great shape. It survived like this for 18 years! Why would you now destroy that originality. If you really hate the rear tail (the spoilers TOGETHER really work well), at least keep the original tail so the car can be put back to original at some point. BTW, IMO you got a GREAT deal on the car.
I completely agree with pig4bill: You have a rare piece -- a low mileage original car in great shape. It survived like this for 18 years! Why would you now destroy that originality. If you really hate the rear tail (the spoilers TOGETHER really work well), at least keep the original tail so the car can be put back to original at some point. BTW, IMO you got a GREAT deal on the car.
#75
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Point taken.
I'll put the rear spoiler away, maybe dust it off for a track day.
Just can't get over my love (lust) for the classic lines without spoiler.
Regards,
Robert
I'll put the rear spoiler away, maybe dust it off for a track day.
Just can't get over my love (lust) for the classic lines without spoiler.
Regards,
Robert