EMan 928

Looking for pricing advice on a 1989 928GT with approx 23k miles. Black on Black supposedly in excellent condition. May check out this weekend.

Thanks in advance for your help.

AO

Still in the hunt I see... Cool!
Excellent condition - I'd say $24k-ish +-$4k But one man's "excellent" can be another man's "fair". Good luck.

EMan 928

Hey Andrew,
Yep, still in the hunt. So, even with the rarity of the 89, pricing wouldn't go crazy into the 30k range? I think that's where this guy is looking to be.

Rob Edwards

1250 miles per year? How much rubber has been replaced in the last five years?

If it's complete and all stock so you don't have to fish for any parts, I say 26-28K. Problem is, it's a real collector car with that mileage, so driving it will depreciate it. I'd still enjoy the hell out of it, of course.

AO

$30k is way high IMHO. I think you can find a nice GT (50k-75k miles) in that magical $25k price rage as long as you're patient.

Charley B

Up to 30k in tip top condition if you're not going to put more than 1000 miles a year on it. 25K if you're going to drive it much.

RyanPerrella

I would say high 20's

$28K is a number you should shoot for. But as Rob mentioned, low mileage can sometimes prove problematic. Things still age regardless of mileage. I would be careful, you may find yourself replacing a bunch of things if you do start to drive it.

Good luck

dr bob

I looked at one that matches this description in SoCal in the last year. It was offered at $26k. Had some issues, like wrong wheels, and needed a lot of maintenance/parts replaced just because of age. With well-maintained GTS selling in the low $30k sometimes, it was hard to justify. My instant guess on that one was $5k to bring it up to a condition appropriate for the mileage.

A lot depends on how the car was stored and what was done as far as age-related maintenance. If it hasn't had a lot of rubber stuff replaced already, for instance, you can drop well the dark side of $2k just under the hood doing TB/WP/intake and all the hoses and sensors. Another $1k for tires, plus all the interior resto, paint recovery, trim parts, relays-relays-relays, battery, clutch and shifter maintenance, and you can see how fast my $5k budget number added up. Even if the labor time were free, I could not have broken even on the one I looked at.

cfc928gt

23k miles will bring a premium assuming the car is in top condition and he's in no hurry to sell.

IcemanG17

This is everything......it all depends on how bad the owner wants to sell it.....if he's in no hurry he can hold out for Wilhoit type $$$ If he really wants to move it....maybe mid to low 20's.....Assuming its in condition to reflect 23K miles, a true concours 928.....anything less than $30K would be a deal......a well known excellent condition 89GT with about 55K miles sold for around $25K a little over a year ago (or so if I remember right)

Bill Coleman

Spring pricing?

There's a '91 GT in Waterford (I think) w/46k miles asking $29.5k.

And a '87 S4 auto w/133k miles asking $16k!

mj1pate

Just bought a 86 1/2 with 100k miles which were consistently accumulated over the years. PO had replaced a bunch of those expendibles, and described in great detail his methods. I couldn't agree more on that cost assessment. Even with a consistently managed 928, the new owner is just getting hand-off of the wrench and should begin withdrawals from the pocketbook almost immediately. Over 20 years; usage, gravity, heat and dry-rot take their toll. A rarely driven car with mostly original parts seems a bit of a liability. I still wonder....can 928's be collector cars? Even 30k for a car in "show" condition hardly sounds like an enthusiastic investment. Heavens, a show condition Alfa (Giulia) GTV fetches more than 30k. I think of well maintained 928s as prizes for serious sporting motorists.