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Why 928 Prices Will Continue to Drop

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Old 11-11-2006, 08:52 PM
  #16  
EspritS4s
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I have to disagree with this assertion. I'll agree that 90+ models that don't have low enough mileage to attract collectors may decrease, but I suspect the other models have reached an equilibrium point. The 928 is already an enthusiast's car, so I wouldn't expect the price of gas to have any effect on the desirability of the car except for at the fringe. Similar to pre-1990 corvettes, different models are more desirable and will demand a higher price. Vehicle condition is becoming the primary determinant of price. As for performance, the 928 stacks up well against all but the most modern vehicles.

At the same time, I don't see any reason to expect the values of 928s to increase (with the exception of some rare and low mileage vehicles). For an enthusiast's vehicle, there are still too many of them available for demand to drive up prices.

Obviously this is just my own opinion, but the pricing history of similar vehicles is consistent.

-Gary
Old 11-11-2006, 09:22 PM
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lorenolson888
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Few cars, new or old are good investments.

I am doing it fur fun and to say I did it.

LO
Old 11-11-2006, 09:31 PM
  #18  
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Uhmmm...who cares? These conversations are just idle chit chat I guess. I just chuckle when they turn into an announcements and debates.

Is there anyone out there that was foolish enough to buy their 928 as an investment?...Please stand up and be counted! ...guess you really wouldn't want to speak up would you?

If these cars had the value that many claim (me first in line!) 90% of us wouldn't be owning them....or putting blowers and such on them. (That'll kill the value in less time than it does to install it).

I think one should own their 928 because they appreciate what it is and what it was engineered to be. Scream, kick some dirt, hypothesize and wave the flag...they aren't investments...at least not now.

From a financial standpoint, they are a complete waste of money. You will NEVER get the value out as to the money you put in. If you truly love the 928, because of what it is and not because it's Porsche, it can be an understandable reason as to why you own one...or more. I would highly suggest having the means for such a hobby. I think even though the values have dropped, most STILL cannot afford them. I think if many here were honest with themselves, they would not be able to justify owning one. Seriously, there is no getting around it...these are money pits.

Last edited by 928ntslow; 11-11-2006 at 09:53 PM.
Old 11-11-2006, 09:39 PM
  #19  
Fogey1
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I wonder whether the 356 people were having this discussion in 1976, 11 years after the last, 25 after the first?

30 years from now, 928's will still be worth something.
Old 11-11-2006, 09:41 PM
  #20  
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I wonder whether the 356 people were having this discussion in 1976, 11 years after the last, 25 after the first?

30 years from now, 928's will still be worth something.

As to the supply in 30 years, complexity vs. simplicity may balance rust resistant vs tin worm feast.
Old 11-11-2006, 09:43 PM
  #21  
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Originally Posted by 928ntslow
Is there anyone out there that was foolish enough to buy their 928 as an investment?...Please stand up and be counted! ...guess you really wouldn't want to speak up would you?
I've already been offered triple what I paid for my 79
Old 11-11-2006, 09:48 PM
  #22  
69gaugeman
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Originally Posted by Hacker-Pschorr
I've already been offered triple what I paid for my 79
Ya but not what you have invested in it...
Old 11-11-2006, 09:50 PM
  #23  
928ntslow
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I've already been offered triple what I paid for my 79
LOL...Not tough when you pay $1000 for it

He probably has more than that in it!
Old 11-11-2006, 09:51 PM
  #24  
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Originally Posted by Hacker-Pschorr
There is a reason why some of us have our own private collection of parts cars
No, that is a mental defect of obsesive compulsive disorder that manifests itself in the aquisition of 928's. or something like that, so I have been told (I never take notes or listen even when the psychiatrist is talking)
Old 11-11-2006, 09:53 PM
  #25  
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Any of you looking to get out of your "bad investments", let me know. If you've got a decent 86.5 or S4 5 sp I may just do you a favor and take it off your hands before the value of it plummets.

You know how to reach me when you've come to your senses.

Ed
Old 11-11-2006, 09:53 PM
  #26  
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Originally Posted by 928ntslow
LOL...Not tough when you pay $1000 for it
Hey now, I paid more than that for it. I actually have very little into it. Problem is, that is about to change, big time.
Old 11-11-2006, 09:56 PM
  #27  
danglerb
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Yes in general the price of 928's will go down, but that will have little effect on the cars a knowledgeable person would want to buy. Cars with zero problems on the PPI and less than 50k on the odometer are never going to be much cheaper than they are now. Now is when the serious potential owner of a 928 has to give thought to getting one of the last few good cars that may ever be available, or face the cost of restoring a car where the "base" condition won't effect the final cost all that much.

I don't think parts availability will ever be a big problem, prices may rise, Porsche may not sell them, but somebody will.
Old 11-11-2006, 10:01 PM
  #28  
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Originally Posted by Dozman
With a large part collection it does get hard to find the part readily that you or someone else needs.
Ha Ha
Old 11-11-2006, 10:04 PM
  #29  
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Originally Posted by Fogey1
I wonder whether the 356 people were having this discussion in 1976, 11 years after the last, 25 after the first?

30 years from now, 928's will still be worth something.
30 years from now, I'll be 93 years old.

Harvey
Old 11-11-2006, 10:08 PM
  #30  
danglerb
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I really don't know of any other car that for me has as much "want" factor as a 928. With 100% certainty I know what I would do if I won the lotto, it would be to have a 928 restored to my specifications. Followed by a track car and something interesting that flys with at least two motors and some juice. The catch is I understand math therefore buy no lotto tickets, so I will have to hope that budget and 928 intersect for some non lotto winning reason.

BTW I recognize the wishful thinking, you want a 928 just like I do and HOPE the price is going to go where you want it.

Good luck to both of us.


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