New Excellence Market Update - Our Turbos Are Up Significantly :-)
#31
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Originally Posted by UDPride
In 1986 the 951 was the fastest production car in the world for sale in the US (I think).
Originally Posted by UDPride
The numbers are thinning out and thinning out quickly.
-Darwin
#32
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Originally Posted by UDPride
I may eat my words but if you have a good unmolested 951, keep it. I think they will end up like 914-6s.
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RUSTY!
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#33
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Many 951 folks are sensitive to the ease of returning mild mods to OE status. Some of us are hopeful that original car values will reward us...others are probably a bit more pragmatic sensing that the overall value of car and aftermarket bits is probably higher when sold seperately.
The home front footprint for my Turbo S includes a bitterly-bartered/often-debated corner in my wife's inner sanctum basement storage closet when I stash the factory downpipe/cat, original front control arms, original sway bars and drop links, waste gate and crossover pipe along with various Blaupunkt radio and EQ bits. My CV is disconnected but not deleted. Maybe two days work and the ol' girl would be 100% original but for a few delrin bushings and upgraded caster blocks.
Not so with the family 944 racer, there's no going back at some point
The home front footprint for my Turbo S includes a bitterly-bartered/often-debated corner in my wife's inner sanctum basement storage closet when I stash the factory downpipe/cat, original front control arms, original sway bars and drop links, waste gate and crossover pipe along with various Blaupunkt radio and EQ bits. My CV is disconnected but not deleted. Maybe two days work and the ol' girl would be 100% original but for a few delrin bushings and upgraded caster blocks.
Not so with the family 944 racer, there's no going back at some point
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#34
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Originally Posted by Kevin Baker
Take into consideration that I've driven for 4 years and I'd still come out ahead versus a $300-400/month car payment.
#35
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I dunno...The values for the S2 cabs look pretty high to me. I've been observing lately and they don't seem to sell for that much in the marketplace. But if that really is the case then GREAT!
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I believe in buy low sell high. seems the way things have been going lately with me and 944s it is more like buy low, sell low, buy high, sell low, buy high.
#37
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Originally Posted by fpena944
I dunno...The values for the S2 cabs look pretty high to me. I've been observing lately and they don't seem to sell for that much in the marketplace. But if that really is the case then GREAT!
I just paid $12,400 for my 90 S2 Cab with 78,000 miles. Overall the car was in excellent shape; however, there were some maintenance items that would make it rated between good and excellent. According to excellence that would be between $11,326 and $15,163...right about what I paid. In my search I found a lot of tired cabs and a lot with over 150,000 miles. These are the cars that are only getting $8K-$9K. There are a few for sale now in the $16K (asking).
#39
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Originally Posted by UDPride
Ive seen stock 951s with 65,000 miles Id pay $15,000 for and never think twice.
a ferrari GTO, on the other hand, typifies the high demand, low supply scenario. hence the high market value.
i agree with M758....the 944 values are flat. if rising, it's primarily due to inflation. we noticed the same thing over on the BMW boards about the E36 M3. we all loved the car, but their values are so low now that almost anybody can have one.
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A 944 with a solid straight body that has no paintwork from new is worth between zero dollars and five hundred dollars.
All I can get for my NA is what was put into it over the last nine months.
wait it is worth something. it is worth a tax deduction if gifted to charity.
my turbo is worth half what was put into it in the last ten thousand miles.
tell me again how much these cars are worth. They are worth what was recently put into them to keep them alive.
All I can get for my NA is what was put into it over the last nine months.
wait it is worth something. it is worth a tax deduction if gifted to charity.
my turbo is worth half what was put into it in the last ten thousand miles.
tell me again how much these cars are worth. They are worth what was recently put into them to keep them alive.
#41
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Originally Posted by joseph mitro
you and a few others on rennlist are the few who could actually afford and WOULD buy a 20 year old car for that much money. the vast majority of the public has moved on, that's why 944s don't have that much appeal or value. generally speaking, there are more cars than willing buyers, ie supply is higher than demand with rare exceptions of course.
Its just like buying a highly modified 944 or buying a stock 944 and spending all the money on mods yourself. Its a fraction of the cost to pay for it already complete. Thats just the way the market it.
So likewise, you can spend $15,000 on a *****-on-straight 951 thats been rubbed with a diaper all its life, or spend $10,000 on one thats 10% less condition and spend $6,500 making it 10% better which leaves you worse off than if you had just bought the nicer one. And theres many (by many I mean hundreds if not thousands) who buying a Porsche thinking they are undercutting the market and you talk to them 2yrs later and they have more in the car than the guy down the street who paid the cash up front to buy one from a 55yr old grandmother that was driven to church and afternoon tea.
Cheapest is rarely least expensive. That axiom is no truer when talking pcars.
#42
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Originally Posted by UDPride
So likewise, you can spend $15,000 on a *****-on-straight 951 thats been rubbed with a diaper all its life, or spend $10,000 on one thats 10% less condition and spend $6,500 making it 10% better which leaves you worse off than if you had just bought the nicer one. ...
I still keep my 88 Turbo S. While never perfect is blast to drive and one day may get that $6000 "freshening", but not before I have had LOTS and LOTS of fun.
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#43
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Originally Posted by M758
Or you can do what I did 10 years ago. Buy that 90% car at 2/3 the price and just enjoy it for what it is. Not perfect, but pretty darn nice.
For all of the threads on here about fixing this and reparing that and tackling seat bolsters and dash cracks and all of this, you wonder if a lot of owners changed their mind about what kind of car they planned to own. Seems like a lot buy the 85-90%er at 2/3 the cost, then a year later switch tactics and spend all that money on replacing/fixing stuff they told themselves they would just live with.
#44
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Now we're back to Econ 101 and the Weath of Nations. A sports car purchase is a big lump sum of cash or credit that sort of weighs as a "macro" decision against our own enjoyment of the purchase...and doesn't really play in to our daily disposible income.
However, once the car is purchased and maybe paid for, the $1,000 needed to fix a dash or repair a seat becomes somewhat distinct from the larger purchase and is measured in our own minds against the other things that the money might buy...like a $1,000 worth of beer or that steam vacuum cleaner the wife has wanted for so long
However, once the car is purchased and maybe paid for, the $1,000 needed to fix a dash or repair a seat becomes somewhat distinct from the larger purchase and is measured in our own minds against the other things that the money might buy...like a $1,000 worth of beer or that steam vacuum cleaner the wife has wanted for so long
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Last edited by TheRealLefty; 02-02-2007 at 01:56 PM.