Matt H

928s are a totally different animal as there are so many different variations. 928GTS is a virtual supercar and had a price tag to match it.
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SamGrant951

Heres a nice 944S with 20k on it, 13,9K OBO

http://www.buxtonmotorsports.com/23.htm

It would prob cost 8k just to replace crap as you began putting miles on it...eek

Matt H

Asking price is nothing...selling price is everything
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Tony K

Not everyone cares about the value of a car for investment purposes - some people are more concerned with the car being worth enough money to justify collision and comprehensive insurance coverage when used as a daily driver!

There are not many 30-year old European cars in the U.S. that don't sell for $6,000-10,000 in good condition. By good condition, I mean presentable enough that you can drive it to work or on a date, not "good for a XX-year-old car"... . . . Even old FIATs and Triumphs that are rust free, have nice paint, nice interior, run good, etc. grab that kind of money. No reason to expect a 944 won't. Remember, they were wildly popular among the 80s yuppies - next to the 3-series, the 944 is the quintessential yuppiemobile. Soon enough, that crowd will grow nostalgic, and there won't be so many 944s to go around then...

hacker-pschorr

Funny thing is, my 944S made it to 98,000 miles without a problem. Hopefully after this rebuild (and a timing belt and chain tensioner every 30k) I can get another 98k out of her.

Considering I only put 5k on my 928 every year, that 98k will take a very long time.

Matt H

Shame we will never follow this close enough to make a bet worthwhile

Call me a skeptic but I just dont see it happening. Prices have gone down from when I got my first one in 1996 and following your logic they would have had to nearly bottom out and I see no signs that is happening. GOOD turbos can now be had for a lot less than I paid for my first NA.

Prices have to bottom before they can go up.
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hacker-pschorr

Tony,
Yuppies don't get nostalgic, that goes against what it means to be a yuppie. Like Matt already said, thinking that a $4k 944 being worth $8k in 15 years is not exactly an increase in value, Inflation will probably move at that rate.

Don't worry, we will be out of fuel in 15 years anyway.

Tony K

If you want an investment car right now, buy a pristine, unmolested, clean history Ferrari 308. It will probably do what the Dino did . . . . 246 Dinos went as low as <$10k at their low point... The 308 series has enough star power and is instantly recognizable as "Ferrari" by everyone from little tots to grandmothers.

Tony K

Explain 356 prices then. . .

Everyone gets nostalgic.

Nostalgia is the reason we had a roadster craze in the past ten years. Nostalgia is the reason the new Mustang looks the way it does, and the reason Porsche made the James Dean edition Boxster..

Tony K

Just to clarify, when I said yuppies of the 80s, I mean those people who are now in mid-life... They're quickly becoming "olppies"!

(actually, this is just a test post because I updated my signature... . . . ...there, okay, it's working. +1 for accountability and personability)

hacker-pschorr

Tony, it was a joke about yuppies.

Anyway - the whole idea that people buy the car they remember from their childhood does apply to muscle cars. I just don't see that same theory working for the X generation. Are 1984 Camero's suddenly going to spike in price? How about Ford Probe's? Daytona Turob's? Mid 80's Corvette's?

The Dino is a rare bird, far fewer of those on the road than 308's. The 308's have the 328, and 348 behing them. The 308's will never eclipse the value of a 328 or 348, 355, 360 etc... Same as a 944 will never be worth more than a 968.
Start with the 968 - what is the average 968 worth, every other "average" 944 will be worth less than that.

The only 944's that are worth more, are cars like mine owned my idiots that refuse to sell even when offered too much money.......

tifosiman

To put things into perspective, in early 2001 when I was shopping for a 944, I had saved up $10K and that was my budget. I wanted to buy a car and keep at least $1500 in reserve for belts, etc after purchase. I couldn't find a 951 in my area that wasn't a total basketcase for $8500 or less, the good ones were closer to around $12K. I paid $7200 for my bonestock, low-mileage N/A, deciding that the turbos were out of my price range and too complicated (well, that was a fox and the grapes thing).

Now, you can get a damn nice 951 for that $8500 (and I don't think they are too complicated now). I think the 951 prices are going to continue to drop a little more before we see a definitive rise in value.

Tom R.

Your Wharton my NYU Business and the bottom line is the cars are just old cars.

If I sell the Firebird Convertible I bought 28 years ago for $300 for $20,000 I would be losing money. Not only will I not get the over $20,000 I have into the car out, I will have lost the opportunity cost of the money.

Had I thrown that money into a dow tracking fund from November 1976 to now I would have enough money to buy a new 911S.

Is the 944 any more "collectible" than a 68 Firebird convertible that came with factory air? I don't think so. Maybe Anders' cup car, but that is in the league of the COPO/Yenko Camaros. My 944, your 951, no. Better to invest the money in the market.
In September 2000 I bought a rare red 944S2 with 56k miles for $11,500. It was very very clean, had no paintwork ever, but had hidden problems i didnt know about. In May 2004 I bought a common color Stone Gray 944S2 with the 10 speaker equalizer option with 54k miles in better condition for a few grand less.

Yep, prices are dropping.

Serge944

Hmm...gotta love generalizations. Frankly, I maintain her better than most adults, while not even spending 1/4 of the cost. Keep wishing though; maybe my cars death will bring more value to yours.

hacker-pschorr

Serge, I bought my 944 less than one year after high school, so there are exceptions.