928S undervalued
#16
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Hawk993-EASE-UP!!I resent what you said of Mr.Bailey. He represents the 928. Of course he has a vested interest in the 928-HE HAS TOO EAT AS WELL. THIS IS HIS LIFE! HIS CAREER, GET IT! He gives knowledge to the 928 Club and is an owner of I believe at least 2-928's This guy gets his hands dirty and loves it. He has been part of the 928 club, longer than most of us. That says it all !! The man eats breathes has an emotional attachement with the 928. I have posted many times the demise and shame of this underestimated vehicle. AS a freemason I feel the pain for it as well! BETTER A SMARTASS than DUMBASS! REQUIEM FOR THE 928!.MIKE.
#18
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Cost of a 928 engine (how many of us have had to replace one???) vs. cost of a 993 engine????.....hmmm - you better do a little more research.
This is HARDLY a fair comparison. A "new" $75,000+ car vs. even a '95 GTS @ $35k...much less an '85 EURO at under $10k.
P-cars of the 911 variety barely garner notice anymore - yet I get stopped REGULARLY to be asked what kind of 'new' car I am driving.
I really LIKE the 993. But - for the $$ - I'll take a driveway full of sharks.
This is HARDLY a fair comparison. A "new" $75,000+ car vs. even a '95 GTS @ $35k...much less an '85 EURO at under $10k.
P-cars of the 911 variety barely garner notice anymore - yet I get stopped REGULARLY to be asked what kind of 'new' car I am driving.
I really LIKE the 993. But - for the $$ - I'll take a driveway full of sharks.
#19
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The initial low cost of the car, allows you to save money you would have spent on a new car, for the future repairs. So even if you have to spend $2-3K on a new transmission, or something big like that, you will still be ahead of the game... It's still a good bargain. You just have to be prepared to spend that $$, if something big breaks, and you also have to be prepared to sell it, for the same price you bought it for... That's the thing that annoys most people. Not the initial cost, but the fact that they do not get their money back, for getting their 928 up to snuff...
#20
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bcdavis writes: <<and you also have to be prepared to sell it, for the same price you bought it for... >>
Short of a Carrera GT or other 'go-zillion' $ car - most ANY car is a depreciating asset.
I bet most ANY 993 owner would think they won the lottery if they were able to enjoy their car for a few years and get their money back.
Short of a Carrera GT or other 'go-zillion' $ car - most ANY car is a depreciating asset.
I bet most ANY 993 owner would think they won the lottery if they were able to enjoy their car for a few years and get their money back.
#21
Nordschleife Master
Well, not all 928's are the same.
The older cars seem to be much less expensive to repair. Alought fewer things to go hay wire, and sigificantly more space to work. Not to mention simpler, more idoit proof, systems.
That said, they're also the most likely to be abused.
You take what you can get.
The older cars seem to be much less expensive to repair. Alought fewer things to go hay wire, and sigificantly more space to work. Not to mention simpler, more idoit proof, systems.
That said, they're also the most likely to be abused.
You take what you can get.
#22
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Some day there will no longer be cheap 928's, the people buying them just don't get it. As most of us notice from the former PO , they washed and waxed them, drove them until they broke and could no longer pay the mechanic to fix it. But when you have discovered a car you truly enjoy driving it becomes a pleasure to restore them . It then becomes a matter of owning more than one, then two, and then three which means you are a collector. You can not expect to get your money out of them and unless you are a car dealer they are not for investment purposes. ( Thats why you have your IRA or Your Roth or your 401 K).
I will continue to buy and own more as they become available. becuase with only 50,000+ made they will become extinct.
I will continue to buy and own more as they become available. becuase with only 50,000+ made they will become extinct.
#23
just supply and demand - if we all were to go out in the rain and hydroplane our cars @ 150mph on a regular basis, the survivors would be collectors' cars in a month, and the value would go up - of course there might not be a lot of enthusiasts left to enjoy them...
from a hot rod perspective, if you want something that will not only go fast (with some work) in a straight line AND make the 1st turn at willow, the 928 is a safe bet...trade off is $$$, but what in life is free??
if you love the curves and lines, the $$ is worth it... just an emotional thing, cars are not generally a good investment...unless you find a "pre-loaded" delorian...
my 2001 f150 4x4 lariat supercrew sold for $34k in late 2000, now it's worth $12k in mint condition, and after the interest and maintenance over 4 years - it's a $45k wheelbarrow valued at $12k ($33k loss).. my 928 cost me $7k 7yrs ago, after $30k it's still worth $7k ($30k in the hole)... either way you lose, but the 928 is a LOT cooler...
works for my wife anyway...my accountant is a tougher sell, but expenses are expenses - may as well be fun, and until bush will put my name on a bomb, and let me see it blowsomething deserving into oblivion, I'd rather give my $$ to 928 intl, etc...
from a hot rod perspective, if you want something that will not only go fast (with some work) in a straight line AND make the 1st turn at willow, the 928 is a safe bet...trade off is $$$, but what in life is free??
if you love the curves and lines, the $$ is worth it... just an emotional thing, cars are not generally a good investment...unless you find a "pre-loaded" delorian...
my 2001 f150 4x4 lariat supercrew sold for $34k in late 2000, now it's worth $12k in mint condition, and after the interest and maintenance over 4 years - it's a $45k wheelbarrow valued at $12k ($33k loss).. my 928 cost me $7k 7yrs ago, after $30k it's still worth $7k ($30k in the hole)... either way you lose, but the 928 is a LOT cooler...
works for my wife anyway...my accountant is a tougher sell, but expenses are expenses - may as well be fun, and until bush will put my name on a bomb, and let me see it blowsomething deserving into oblivion, I'd rather give my $$ to 928 intl, etc...
#24
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Once again I must refer back to my previous automotive/economic endeavor: the Saturn SL2 sedan. When new, I financed a grand sum of just under $17k yeilding a final payoff to the tune of $24k after 5 years. The car is now sellable at about $5k. Look at the numbers and you will see why I am so happy to have my sharks. Even if I blew the motor and tranny simultaneously, I'm still almost $10k ahead on the shark.
Now get this, both of my sharks combined cost is still a few grand less than the basic cost of my Saturn in 1999. And lets not forget that there is maintenance and upkeep on both cars to about the same cost. The difference is that I will not realize a $20k loss on either one of my sharks. I never paid that much in the first place!
You think your shark is screwing you??!!?? Take it from a convert, if I'd had my way I'd have bought a Porsche first and left the new cars to the suckers. The way I see it, the 928 (and many other used, well maintained Porsches) are the best performance value out there bar none. The 928 tops the list.
Now get this, both of my sharks combined cost is still a few grand less than the basic cost of my Saturn in 1999. And lets not forget that there is maintenance and upkeep on both cars to about the same cost. The difference is that I will not realize a $20k loss on either one of my sharks. I never paid that much in the first place!
You think your shark is screwing you??!!?? Take it from a convert, if I'd had my way I'd have bought a Porsche first and left the new cars to the suckers. The way I see it, the 928 (and many other used, well maintained Porsches) are the best performance value out there bar none. The 928 tops the list.
#25
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Originally posted by hawk993
Go to the big 3 websites and price the cost of a new engine (no one can afford it), price the cost of new wheels(the PORSCHE DEALER was SHOCKED when they saw the cost of the wheels...
Go to the big 3 websites and price the cost of a new engine (no one can afford it), price the cost of new wheels(the PORSCHE DEALER was SHOCKED when they saw the cost of the wheels...
As for wheels: sets of phone dials (often with fairly new tires included) are practically free on ebay. The 16" slotted wheels from the S in pretty decent shape aren't a whole lot more. I picked up a set of 16" slotteds equipped with almost brand new snow tires (Dunlop Graspics) for a whopping $250 including shipping a few years back.
Won't say the 928 is cheap to keep up, but most parts can be found IF you don't need them for emergent repairs
#26
Welcome to the 928 Club
The price of ownership can be cheap but the dues kill you.
The fact that I can turn heads just about anywhere I go in my 928 ......priceless.
The price of ownership can be cheap but the dues kill you.
The fact that I can turn heads just about anywhere I go in my 928 ......priceless.
#27
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Tim that is un-American you must buy new and often !!! It is people like you who are ruining the economy And shame on you Rob deducting all those repair expenses from your income using Uncle Sam as your partner to build a MONSTER motor that is just Too American . Just remember anything we can do to help you with your deductions .........
#28
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I second what Jim said in the first post. Jim is 100% correct ... simple economics of supply and demand. More ppl want the 993 than ppl who want the 928. And the 928 is in ample supply because of it.
I also second what JE said, Jim is not a vested-interest kinda guy. Fageddaboudit, trust me Jim speaks his mind. Peroid.
Heinrich
I also second what JE said, Jim is not a vested-interest kinda guy. Fageddaboudit, trust me Jim speaks his mind. Peroid.
Heinrich
#29
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BUY BUY BUY......!
Geeeeeez....
I've only been a 928 owner for about three months (actually, as some of you would know from one of my earliest threads, my good woman bought it, and I maintain it).
The car cost Oz$18,500. (about 12,000 US), which was a good price here Downunder [the buyer was asking Oz$20,000, and the 84 Euro often goes in the low to mid twenties....]
The car had been very well maintained, but in that three months I've still spent about Oz 2,500.
BUT, I predicted this would be the case, which is why I bargained the price down. A new driver in the seat is bound to drive a little differenty, and I believe I'm a little more spirited than the PO... So, anything that was on the verge of going, goes...
When I take out the cost of two new tyres and 4-wheel alignment, then I've spent slightly less than Oz 2 grand to replace the blown oil cooler hoses (which the PO really should have done at the same time as the radiator was replaced) and the overhaul of mounting brackets and bolts in the rear R & L suspension; the replacement of the headlight motor; the raising of ride height... The last two things I did myself, and my confidence in working on the car is rising...
And I have no resentment about paying the money spent so far. The car is now running superbly and reliably as my daily driver (about 900 km per week), and I'm looking forward to commencing my next project, which will be to get the air con running properly.
Anyway, my point is that although it seems to me that the 928 is perhaps slightly more expensive in Oz, I am already looking out for my next one!!! I'm totally converted...!
Bring em on!!
In another few years they'll be classified a 'classic'; and it seems that the new Porsches will be running V-engines with something other than air cooling them...
Then we'll see if the price stays low, or starts rising...
BUY BUY BUY...
Geeeeeez....
I've only been a 928 owner for about three months (actually, as some of you would know from one of my earliest threads, my good woman bought it, and I maintain it).
The car cost Oz$18,500. (about 12,000 US), which was a good price here Downunder [the buyer was asking Oz$20,000, and the 84 Euro often goes in the low to mid twenties....]
The car had been very well maintained, but in that three months I've still spent about Oz 2,500.
BUT, I predicted this would be the case, which is why I bargained the price down. A new driver in the seat is bound to drive a little differenty, and I believe I'm a little more spirited than the PO... So, anything that was on the verge of going, goes...
When I take out the cost of two new tyres and 4-wheel alignment, then I've spent slightly less than Oz 2 grand to replace the blown oil cooler hoses (which the PO really should have done at the same time as the radiator was replaced) and the overhaul of mounting brackets and bolts in the rear R & L suspension; the replacement of the headlight motor; the raising of ride height... The last two things I did myself, and my confidence in working on the car is rising...
And I have no resentment about paying the money spent so far. The car is now running superbly and reliably as my daily driver (about 900 km per week), and I'm looking forward to commencing my next project, which will be to get the air con running properly.
Anyway, my point is that although it seems to me that the 928 is perhaps slightly more expensive in Oz, I am already looking out for my next one!!! I'm totally converted...!
Bring em on!!
In another few years they'll be classified a 'classic'; and it seems that the new Porsches will be running V-engines with something other than air cooling them...
Then we'll see if the price stays low, or starts rising...
BUY BUY BUY...
#30
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Before getting this second 928 I went to look at a 1994 911 Turbo 3.6L. Polar silver with black centerline wheels. Gorgeous. They wanted 49 grand for her and she had 50K on the odometer. On my way out of the dealership I took a glance at a 2000 silver 996 with full aero kit. Had fewer miles on it and they wanted 44 grand for it. Talk about a hit.