Matt Lane

Folks, posting on behalf of a friend and specifically in respect of the DeMan advertised 1985 with 40K miles.

Assuming the car checks out and is truly an original, documented, clean, maintained and exceptional example (mileage is not always relevant to the aforementioned!), how much of the asking price (29K) is a reflection of fair market value, asking price premium, and dealer/consignment premium?

ie. is this a car that will sell take a 4K discount, sell for 25K with a 2500 consignment premium, and net 22.5K to the seller? If that's the case, this is a 22.5K value car.

Just curious - I had a great 1986 in similar condition and miles. And easier said than done to sell it when I tried. At the time, I ended up with $21.5K, but that was when Rennlist was a daily email dump!

Just curious as to the current market for these. Great cars. Opinions?

Best,

Matt

RL911

That seems like a very high price to me, low 20s, the cars just aren't very rare and there just isn't much interest in toys in this economy. the other thing to consider is how the miles were put on, all at once early on, or steadily over the years. Cars in the former category are more likely to have problems with leaks as the seals have dried out. No question though on great cars...love my 86!

Matt Lane

Sounds about right to me... and yes, 3K miles a year is a whole lot better than a car that has sat around. Nice paint and interior won't make up for a mechanical dog under the skin.

M

Matt Lane

Any other thoughts?

Rick DeMan

Yes,

It's worth checking out.....

Was expecting to see him today... ;(

Matt Lane

Hi Rick...fair enough!

As I mentioned, I am looking on behalf of a friend. He's looking for his first 911 and I am doing my best to assist. He's struggling with deciding what is the "best" bet at this price range (3.2/964/993). Lot's of options at this price point.

We will be heading into NYC early April. If he's interested, I'll call you to make an appointment.

Best,

Matt

nkgosselin

That is not too off the price as far as I am concerned. I see you are in Canada, but think $29k US is only about 2-3 high. Really, it is far easier to bring mechanicals back to beautiful original than it is paint and interior. Those things are only original once and 30 year old gentle patina is impossible to fake.

If this is your friends first 911 the one thing he has to consider is how many miles he will drive. If he pays a premium for this car and puts 10k a year on it, he will quickly lose the premium nature of this car. I know, I have an SC with 62k, that I put about 1,500 a year on. But I love 911s, so I had to go out and get one for a DD.

ricster

Condition is everything!! I think for the right car it is the right money (25k).

500

If the car checks out as being truly nice and thoroughly solid on all counts, then I would not think those dollars are out of line. I've now spent a good deal more than that trying to make a "decent" '85 into a really nice car (doing most of the work myself to boot).

If you want a really nice sample, you will have to pay.

From what I have seen, careful shopping can probably bag you a solid driver in the $10-$15K range, but making that car terrific on all counts will be another matter.

Diamond Blue

29k is high unless it being sold by Richard Sloan and he is not shy asking a premium. The car would need to be absolutely perfect paint and the correct Fuchs in near new shape and with all documentation, tools , books and no mods. Very nice G50 cars have been selling in the upper teens and low 20's and don't move particularly fast at those prices. If it gets driven much will be a mid teens car in a couple of years. There are many nice cars in the 17,000-22,000 price range. 87-89 G50 would be the most sought after right from Bruce Anderson's mouth..

dshepp806

+1 on all....

G50 all the way (but I'm biased)...

Doyle

SKYSTAK

you got to be kidding. The market is horrible for these cars. My 86 is in excellent shape and has been for sale for months at 15,500 with no takers. Offers have been much lower. An 85 in perfect shape, priced at the mid-teens with low miles, maybe, and thats a big maybe... priced right. At 20k + in this market....crazy. Good luck.

SPD YLO

Opinions are worth something I guess, but here's some fact:
I recently (October '09) sold my '89 Guards Red/ Black, 47k, LSD, nearly perfect (factory paint) 3.2 for $27.5k. It was in So California, and sold to the first caller within one hour of posting on AutoTrader.

I figure a premium for location, G50 AND 1989.

In October, when the guy from Germany arrived to take my '97 Turbo home, he arrived at my door in a newly purchased 86 3.2 with 11,000 miles. He let me drive it around the block. It was my first drive in a Carrera without the G50. I could NOT believe the difference.

Matt Lane

Yup, the 915 is old school... but if it's in good shape, nothing wrong with it. A totally different experience from a modern transmission for sure.

If it was an occasional/weekend car, it wouldn't stop me. Maybe I'm just nostalgic.

Matt