Jay H

...though some people just need to sell their car quickly. Low price sells stuff quickly sometimes. Not everyone has a long time frame to wait to get their price for their car...

flatsixnut

Thats just sad. In the end it hurts all of us with "real" values. When you can buy a used Ford Escort for the same price people are paying for a used Porsche....something is just plain wrong.

H. Miller

Sold my 83 SC Coupe last month for $17k. 74k miles, tensioner upgrade, airbox upgrade, all new suspension, wevo shifter, carrera radiator, good tires/fuchs, interior perfect, exterior paint great but stone chips on front.

Jay H

Keep in mind these 911SC's were $25,000 to $30,000 cars when new. So, selling a 24 year old coupe like H Miller did for $17,000 is doing VERY well for a very used car. H Miller's car held FIFTYSIX percent of it's new car value if you assume the car was $30k new. That's incredible resale value for a used car. Of course the maintenance costs are never recoverable, so the actual money into the car was probably way over the initial new price of $30k. But, bottom line depreciation is essentially very little.

Do the math and if H Miller was the original owner of the car, he lost $541 per year in depreciation. That's $45 a month in depreciation. Essentially free. My Honda is running about $200 per month in depreciation and that is very, very reasonable. Most modern cars run in the $250 to $500 per month depreciation range. Compare that to FORTYFIVE dollars per month!!!

911's are exceptional cars for resale values.

Pedro356C

This thread became really interesting...

What makes me happy observing the SC's market is that I can clearly see better preserved cars (which equals higher prices) in the market...in the last 5 years, I've been seeing the SC market warming is due to better cars...slightly restored, mechanically upgraded and definitely well maintained... a way less modified beasts and a lot more original examples with considerable amounts of money invested...

At the end of the day...that's what we all want...as many P-cars running as possible...making day by day traffic a way more fun for those, like us, who have the perception to find them, among thousand of "ricers", and sensibility to appreciate a survivor, a proud vintage German machine between humongous SUVs and dangerous soccer moms!

Jay H

...and as the SC's age and become more desireable (they just don't build cars like these anymore), it'll become more cost effective to restore these cars and keep them running and looking good.

Unfortunately, the long hoods were cheap, almost throw away cars not all that long ago. SO, the 911 world lost a bunch of cars. Now that market is hot, it pays to restore a very poor example even with extensive rust since they bring so much. Let's hope this pricing continues with the SC's (for us owner's anyway, buyers get to maybe pay more as time goes on).

I think for anyone sitting on the fence on buying one of these cars, I'd be jumping in soon... Nice cars are NOT getting any cheaper. They are harder to find and this thread proves that values are up. Much more than they were even a few years ago. Pricing goes along with the economy, so prices will hold up if the economy holds up. However, a $20,000 SC might not be all that uncommon in the near future. That was unheard of (unless you were looking at a very low mileage, concours car) only a few years ago. People were paying $11,000 or $12,000 for pretty nice cars...

GothingNC

Don't forget about the value of the dolar back in the 1980's

http://www.westegg.com/inflation/

$30,000 in 1982 is $64,165 in todays value

So does this mean that the Porsche purchased in 1982 (Now worth $15,000) really depreciated by $49,195 adjusted for inflation?

1986951

"Is the same Porsche that was listed this evening on the PCA Mart for $27,500 in Elkhart Indiana? Ad# 15520 ? Same photo is being used ......"

Hey, we know one person is looking! Sort of sets the "High Water Mark", don't you think? Considering that 70 thru 73's have jumped into the $35K range for just "So So" cars, perfect original SC's in the mid $20's s/b the bargain of the century. Actually, this car sold new for just over $35K, but still, the depreciation is "Quite Favorable"!!!
Sooo...if you want a nice SC, buy it today... if you want to sell one, price it accordingly!

GothingNC

Im glad I did not by buy a new Boxster, used ones are going for less then SC's

nkgosselin

Please try to post pictures again.

jfk308

Hey 1986951 what's up? Berkley's post is correct, that is the same photo as the '83 Coupe that just went on sale on the PCA website April 26 for $ 27,500 - you can tell by the unusual location of the PCA sticker on the rear window, and the mileage and history are identical. On April 26 you posted that you bought the car, we presume from your friend for $ 18,000, so is it now for sale for $ 27,500?

Jay H

Very good analysis. These factors may make my analysis incorrect. However, if you took $30,000 in cash from your mattress and bought that car, you'd still have $17,000 left after the sale to stuff back in the mattress.

You may have to calculate the actual depreciation using a sliding time value of money rate as the dollar changed in value over the years...

GothingNC

And if you invested the $30,000 say at a measly 4% from 1982 to 2007 you would have $47,000 in cash.(before deducting taxes)

$17,000 to buy the SC and $30,000 in cash to invest in another mattress

But you would have missed out the joy of having a Porsche 911 for 25 years

John

Pedro356C

They are suppose to...Boxters are mass production, leasing generation, depreciation plagued fun cars...

Can you imagine somebody restoring a Boxter in the near future?

Since 1998, the only cars that "might" hold value are the Turbos and street legal track cars such as the GT3...IMHO, the regular ones will turn into ashes... hence 996 values below 993s...

Jay H

Let time due it's job. Remember, a now cherished SC coupe was just a "regular" 911 back then. Nothing really all that special verses the Turbo and the ultra expensive 928.

There will be a time when a base 996 will be a coveted car and will feel raw and very demanding to drive verses what the current transportation is going to be.

Also, when the '78 SC came out, it was again another departure from the very raw feel of the previoius generation cars and I remember reading about journalist that declared the end was near for the 911 since it was becoming a very luxury oriented car. Porsche purposely designed in more comfort features for the SC. Power windows, cruise, bigger 16" Fuchs, sunroofs, cassette players, etc. were all luxury and 'bling' type things back then for 911's.

Drive a 356 or a very early long hood car and you'll feel immediately how much of a change an SC is over those cars... Those long hoods feel like tractors as compared to a much more modern SC.


John: Points well taken on the money thing.