nickhance

I just looked up the private party value for an '86 951 on kbb.com and it says they're only worth about $4500.

This _can't_ be right. Does anyone know why it would rate the 951 so low?

Last I checked, they were up around $7000 - $8000....

Operator

kelley blue book value's for used porsches dont really mean anything in the real world.. thats basically all that needs to be said

nickhance

I figured as much.. I knew that these cars are worth more than that.

Dave

If you were looking for a replacement for your Tercel, KBB wouldn't be a bad jumping off point. As far as used Porsches go, they aren't worth checking, unless what you are looking for is a good laugh <img src="graemlins/roflmao.gif" border="0" alt="[hiha]" /> . Don't forget that they list condition the same for all vehicles, eg, 12-15k miles/year, wear and tear is expected, they don't look for history/records, etc. NOBODY on this list, or for that matter no one with half a clue about these cars would consider KBB's idea of an "average" car, to be good for more than parts. BTW their valuation for ANY car from the '60s is $200 or less, last I saw, so don't go wasting anymore $$$ on that Ford!

Tom R.

try the cpi (cars of particular interest) value guide. <a href="http://www.cpivalueguide.com." target="_blank">www.cpivalueguide.com.</a> The values there are a lot more realistic when it comes to P cars.

It also seems that Kelley, Edmunds, and NADA's values are insanely high for late model used cars. They have a used Aurora listed at more than I just paid for a brand new one. Also, when I was looking for a Volvo or Acura RL last week it seemed cheaper to lease a new one than buy a used one.

Only and idiot would pay what they say the retail is for my 93 Legend coupe with 74K when you could buy a new Accord coupe.....

By the way, the Legend is up for grabs till I trade it in next week.

Luke

[quote]Originally posted by Tom R.:
<strong><a href="http://www.cpivalueguide.com." target="_blank">www.cpivalueguide.com.</a> </strong><hr></blockquote>


Wow! that's almost optimistic! It quoted me $11,4 for my 86.

FormulaOne10

Well, normally I would laugh at the KBB prices for Porsches. However, they can come in handy (and did too) when trying to buy a car from somebody else. KBB has been around for years and is *generally* considered a good barometer for market value. You may know the car has more intrinsic value, but the seller, sometimes never the wiser, sees the KBB price and figures it's fair to sell the car at that price. To him/her that is the "fair market value." So in that respect I think KBB can be valueble. Other than that it is a simple mathematical algorithm that tells you nothing more than a ballpark of what the public ON AVEREAGE, MIGHT POSSIBLY think about offering for a particular car. But its really not accurate since it is nearly impossible to value something that is so dependent on the relational value to the buyer or seller.

Danno

But its really not accurate since it is nearly impossible to value something that is so dependent on the relational value to the buyer or seller.

Right on! Just because you feel a certain way about your car, it doesn't mean that others will feel the same way.

I was out shopping yesterday and saw some interesting examples of this supply & demand pricing structure. Ran across some 'antique' furniture that was hundreds of years old and supposedly owned by some of our country's founding fathers. Last sold for $2460. To me, it's just old firewood and I'll give you $40/cord for it!

The prices on '86 951s tend to be low because they account for something like 90% of the production run; there's more of them than anything else out there. I know plenty of people who've bought '86 951s this last year for less than $5k. Personally, I bought my '86 over four years ago for $7k.

A lot of these pricing guides may even use a weighted average with the most recent sale having the most importance (kinda like the stock-ticker that shows price of the last trade).

rpm's S2

I have always thought that KBB values were dealer trade-in friendly. When I sold cars we kept a KBB in the office to show people what a great deal they were getting!
Amongst themselves dealers use what is known as the "Black Book." Black Book values are based almost exclusively on mileage and, occasionally, a few important options. Black Book values have always been very secretive, most dealers will deny knowing what you are talking about when you ask. However, any appraiser who knows his job carries the pocketsize version.
Black Book values have recently become available through cars.com. You have to choose a specific car to look for, then pick one that they have for sale and the Black Book menu will come up. Of course I have no way of knowing if the #'s are the same that the dealers get in their updates, but they do seem realistic - which probably will not make many 944 owners (including me) jump for joy.

sb944

In Australia they have the red book. I don't know if that's the only book available for Australian prices but it's spot on.

It's a pretty good guide for buyers and sellers as it has a from and to price, so either the buyer or the seller could say the car is at the top or bottom of that price chain for whatever reasons.

If you look at 944's they are generally advertised within this range, except fot the odd car. The 911's are almost always advertised above the red book price and almost never below it. I still think they sell at the red book price on average but people have to bargain them down a lot, and the occasional sucker probably doesn't know and buys it well above market.

Either way I'll get a print out of the relevant red book web page when I'm next buying a car.

Sam.