6mil928

My house in the back ground.

largecar379

the only early Porsche that I am aware of (and I am not that aware of these things) that has held or escalated in value is the same model that James Dean was killed in.......

928's do not hold any value (exception: GT or GTS) because of the expense of repair/maintenance, there are still plenty of them available, and the Porsche purists don't recognize the front engined cars as really being "Porsche's"........

One only has to look at the 10 to 15 examples of early 928's on eBay every day to see where the market for these cars is.

It is truly a sad statement for Porsche's one time flagship, but a cheap hotrod for those of us who enjoy the thrill.

-----------Russ

85fortheDrive

OB stands for Old Bugger - any pre 32V version of the 928.

pscottjr

I like my OB. No, I am not as fast as the non OB's. I have speakers that are hard to replace... I can go on and on. However, I feel a connection with this car. I will continue to keep it running like it was the day it came off the line.

Today on the way home from Houston I saw 3 Porsches. On Boxer on the side of the road (in need of repairs) and 2 others heading the opposite way. No 928's, and about 6 Corvettes. I was the only 928 there. I enjoy the ride, the questions and the repairs??????

I did not buy the car as an investment. Sure, it would be nice to know that I would be able to get my money back but, the reality is that will not happen. It is the pleasure to have, own, and drive this car.

Andre Hedrick

OB is valued at what the next owner sees and will pay for it.

85fortheDrive

Plus one

SMTCapeCod

Just to throw fuel on the fire....the NADA book on my Euro has continued to go up by small increments over the last few years.

Now, I REALIZE that the book value is a poor indicator of the 928 market, just sayin'.

drnick

in germany recently the price for a nice OB has risen - quite a bit. i think an early car in good condition with a 5spd is rare and increasing in value. im not going to sit on mine though or restrict its mileage - its just too good not to drive.

shmark

That T/A is awesome, beautiful! I'll bet you get as much attention driving it as the 928...maybe more. Very cool to see one of those kept in such nice shape.

The early 928 market in the US is split three ways - basket cases that run (free - $3k), "nice" cars that still need 10k of work to make them really nice ($4-8k), and truly "nice" cars with maintenance history ($10k+). There are some rarefied exceptions that can command much more (Kermit comes to mind), but definitely not collector cars in general. That T/A is worth more these days. And I say this as a buyer hoping to close a deal next week - a really nice car with history from new. Damn I can't wait!

Tom928

For me, the actual value of the car is not really significant.
I will put more money into these cars than I will ever get out of them; however, the experience and pleasure I get from owning, driving and restoring my 928's ... is priceless.

John V

As an OB owner, and overall car nut, I too am perpelexed by the low values of ALL 928's in general. I can see the logic that anything is only worth what someone is willing to pay for it, but I also believe thats only one side of the sale's equation. The other is what the owner is "willing" to accept. In no way do I honestly believe any Hemi Cuda is worth over a million dollars but, between a seller that would accept no less and a buyer that was willing to pay it, that's exactly what has happened recently. And because it has happened (I'll grant you a few times), does not mean it will continue to happen in perpetuity- someone may have a better example that commands less or a worse example that commands more. The point being, it takes 2 sides to make any sale. I fear our "928 mentality" fails too often on selling good cars short...and I'm not sure why.

Comparing the relative retail strength of a 928 to a like vintage Mustang or even Corvette is unfair in my view. I think comparing it to a like vintage 911, Ferrari 308, NSX or perhaps even a Lotus is more appropriate. When looking at it that way, an arguement could be made that a differed maintenance car should be worth very little. But, the prices for nice examples are still rediculously low versus these other examples.

I've been looking into Ferrari's lately and you don't see anything approaching this degree of depressed values in that arena... and I'm not sure why. My best guess is that it's as much a sellers mentality as it is a buyers (or market mentality). The 928 compares very well on paper to anything Ferrari had to offer (year for year). Yet, a clapped out 308 is still commanding around 50% of it's purchase price. A nice one close to 100% or more -despite even greater attrition of replacement parts and similar maintenance requirements. The 348 is going through something similar at the moment- where it is considered by many to be the red-headed Ferrari step child (not in a good way) and some decent examples are selling for less than the 308/328 series. But even in that example, non concours cars with their fair share of flaws are still commanding around 50% of purchase price. Here at least, I can see the logic- I struggle on the 928 side. I love the looks of the 308, but in reality, looks is about the only thing I feel is has "head and shoulders" above the 928. I'm struggling with it being worth 4 or more of my cars but , if I want one... I'll have no choice but to pay for it. Sure, I'd like to pay next to nothing but oddly- not too many Ferrari owners would accept that. IMHO, we could learn a thing or two here.

kjurkic

Speaking for the great unwashed working class......the only way I have been able to get my foot in the door on 928 ownership is the fact that the prices are so depressed. I think I still paid too much for my '80 928 5spd ($10K) but I am not upset about it; it is the nicest condition car I have owned in decades (I am much more used to sub $1k beaters - drive till dead), and the car I take the most joy in ever. I do most all my own work, and if you think 928 parts are expensive...try some Mazda models, or anything less than 10 years old (case in point, friend's chevy pickup fuel pump $550)

With the "global climate/CO2 brainwash", any vehicle that is seen as wasteful will likely continue to depreciate if it has not already achieved some kind collectible status; remember most million-dollar hemi cuda's are now living in climate controlled garages, and only driven for special occasions. Not too many 308/328/348 daily drivers either......

k

Jim bailey - 928 International

Click on Cars.com and there are 67 or so 928s for sale I would venture to say that there are NOT 67 people who are actively planning to BUY a 928 TODAY ! And as long as there are more people willing to sell .....

928autobahndreamer

+1 on the cost of maintaining most cars today. I have a VW Passatt that is insanely expensive to maintain. The cost of spending $150/hour for shop labor is what got me started doing my own maintanence on my cars. This also got me looking at getting a 928 since I discovered that wrenching was not some unlearnable voodoo.

So, it you don't mind working on your own car, the 928 is not that much more expensive to maintain once you get caught up on all of the deferred maintanance.

laneskelton

I think the fact that there we so few 928s made, and a lot of them have been neglected and ended up in wrecking yards, will help the values in the future. I remember reading in excellence about 15 years ago that any 356, or 911 that wasn't a "special" mode I.E. speedster, will never be worth much. Now the least expensive 356 without rust is $20,000 and early 911s up to 1973 are going for about the same. Even 914s which I have owned and loved, are really expensive ($7,000-12,000 for a rust free nice car) and 914-6 about $25,000-30,000. Just give the 928 time and the nice ones will rise in value.