91GT with 3,900 miles!!!!
06-29-2007, 12:47 PM
#31
Rennlist Member
Yes, it's an S4 not a GT. The dealer's site does not claim that it's a GT, incidentally, just the first ad that was linked here.
JP, there will likely only be opinions and anecdotes offered in answer to your aging-rubber question (rather than empirical proof), so let me be the first to offer my own: in my search for my car, I came across a 1990 S4 with 43k miles on it that the owner admitted was "barely driven" over the past 3+ years. I called a local shop that works on Porsches, Ferraris, MBs, BMWs, etc., and the owner told me to RUN (not walk) away from it - he had just finished a complete engine rebuild on a Ferrari that had been stored in a climate-controlled garage for about 5 years - and leaked from every seam. They had to crack the engine and replace all the gaskets and a bunch of the hoses. It was a $10k+ job.
That said, I'm sure someone else has a story of another car that come out of long-term storage just fine with nothing more than a fresh battery and an oil change. The point is that there is significant risk in a car that has not been driven.
JP, there will likely only be opinions and anecdotes offered in answer to your aging-rubber question (rather than empirical proof), so let me be the first to offer my own: in my search for my car, I came across a 1990 S4 with 43k miles on it that the owner admitted was "barely driven" over the past 3+ years. I called a local shop that works on Porsches, Ferraris, MBs, BMWs, etc., and the owner told me to RUN (not walk) away from it - he had just finished a complete engine rebuild on a Ferrari that had been stored in a climate-controlled garage for about 5 years - and leaked from every seam. They had to crack the engine and replace all the gaskets and a bunch of the hoses. It was a $10k+ job.
That said, I'm sure someone else has a story of another car that come out of long-term storage just fine with nothing more than a fresh battery and an oil change. The point is that there is significant risk in a car that has not been driven.
06-29-2007, 12:49 PM
#32
Rennlist Member
Don't Ferraris leak if you look at them wrong? 
GAZ, I agree that at least there's the risk of the unknown with a time capsule as opposed to a regularly driven & regularly maintained car.
GAZ, I agree that at least there's the risk of the unknown with a time capsule as opposed to a regularly driven & regularly maintained car.
06-29-2007, 01:11 PM
#34
Drifting
I bought my 90S4 with 38k miles two years ago. Replaced a few hoses and belts, changed all fluids for less than $500.
Did TB/WP for $1800. No leaks and no complaints. I love it. Mac
Did TB/WP for $1800. No leaks and no complaints. I love it. Mac
06-29-2007, 05:41 PM
#35
Rennlist Member
The problem with a car like this, is that it is only worth that kind of money as long as the mileage remains the same or close. It may or may not be worth it to a collector, but as a driver it is hard to justify the extra $15K for mileage that you are then going to destroy, by persueing your reason for the purchase. Namely, driving the car.
06-30-2007, 04:19 AM
#36
Race Director
Thread Starter
I've always thought that 928's are meant to be driven....granted mine doesn't see a ton of miles.....but when I do drive it....it sure makes me smile....
A 928 like this needs to be kept super low mileage to maintain its inflated value....like froggy or the 312 mile GT....
A 928 like this needs to be kept super low mileage to maintain its inflated value....like froggy or the 312 mile GT....
07-02-2007, 11:13 AM
#37
Rennlist Member
My two cents worth...
I agree and disagree - the non-drivers will keep their low mileage and their inflated collector's value, that much is certain. But low-mileage drivers are fetching hefty premiums over their high-mileage counterparts (see the thread form the guy who just got $24k+ for a super-low-mileage '88 S4, or the eBay auctions for the totally non-stock ~30k '87 S4 that closed at over $22k if you don't believe).
The assumption that a high-value, low-mileage car that turns into a driver in the hands of a new owner will instantly drop in value is just not right. The price premiums are there not because a 30k mile car is particularly desirable, but because it's all relative to what else is available. That $22k 30k-mile '87 S4 on eBay is one of the highest-priced '87 S4s because it's one of the lowest-mileage ones available. And if the buyer puts 3k miles on it a year, it's still going to be worth a premium 5 years from now, because the other lower-mileage drivers will also be putting miles on them, and that 30k '87 S4 (now with 45k miles on it) will remain one of the lowest-mileage examples out there, and command the premium price.
As for me and my 30k mile '89 GT, I've put about 800 miles on it in all of three weeks, and that has put about as many smiles on my face!
But I see now that I need to pick and choose how often I drive it, since I have to wash it almost every time (friggin' white cars!!!).
I agree and disagree - the non-drivers will keep their low mileage and their inflated collector's value, that much is certain. But low-mileage drivers are fetching hefty premiums over their high-mileage counterparts (see the thread form the guy who just got $24k+ for a super-low-mileage '88 S4, or the eBay auctions for the totally non-stock ~30k '87 S4 that closed at over $22k if you don't believe).
The assumption that a high-value, low-mileage car that turns into a driver in the hands of a new owner will instantly drop in value is just not right. The price premiums are there not because a 30k mile car is particularly desirable, but because it's all relative to what else is available. That $22k 30k-mile '87 S4 on eBay is one of the highest-priced '87 S4s because it's one of the lowest-mileage ones available. And if the buyer puts 3k miles on it a year, it's still going to be worth a premium 5 years from now, because the other lower-mileage drivers will also be putting miles on them, and that 30k '87 S4 (now with 45k miles on it) will remain one of the lowest-mileage examples out there, and command the premium price.
As for me and my 30k mile '89 GT, I've put about 800 miles on it in all of three weeks, and that has put about as many smiles on my face!
But I see now that I need to pick and choose how often I drive it, since I have to wash it almost every time (friggin' white cars!!!).
