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Yearly B!tch about Excellence 928 values

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Old Sep 10, 2009 | 09:20 PM
  #16  
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Are they getting any better? sheesh.
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Old Sep 11, 2009 | 11:59 PM
  #17  
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Probably nope. MY guess: those with sorted cars are keeping them. Those with sorted cars are enthusiasts and want bank for them. I know I wouldn't let mine go cheap, but the general market wouldn't take the cost, so I'm keeping it. Only a (very small) group would understand what it would cost to get it up to standard.

I assume that Excellence's values are based on averages. Sorted vs "average" cars make a bloody big difference in value!
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Old Sep 12, 2009 | 12:57 AM
  #18  
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The December 2008 issue puts the

78 at $6619 low and $10075 excellent.
79 at $6619 low and $10075 excellent.
80 at $6685 low and $10175 excellent.
81 at $6685 low and $10175 excellent.
82 at $6816 low and $10375 excellent.
83 at $10019 low and $15250 excellent.
84 at $10175 low and $15488 excellent.
85 at $10175 low and $15488 excellent.
86 at $10479 low and $15950 excellent.
87 at $10799 low and $16438 excellent.
88 at $11522 low and $17538 excellent.
89 at $12097 low and $18413 excellent.
90 at $13567 low and $20650 excellent.
91 at $15546 low and $23663 excellent.
92 at $19275 low and $29338 excellent.
93 at $21591 low and $32836 excellent.
94 at $23061 low and $35100 excellent.
95 at $25032 low and $38100 excellent.

These are all 2008 prices by them.... I don't agree with the prices, but at least these prices are more what the cars SHOULD be worth....

Maybe someday the actual price of our cars will catch up with these estimates.....
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Old Sep 12, 2009 | 01:41 AM
  #19  
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Altho Mike, it seems like too much compression on the newer model end. An excellent GTS should be in the deep 40s.
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Old Sep 12, 2009 | 03:41 AM
  #20  
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I'm not really concerned about value. I bought mine not with the intention of selling it in the future, its a keeper. It is only a weekend driver, and recently stopped an older gentleman in his tracks telling me what a nice car it was. Bruce Anderson needs to start fresh, or turn the writing over to someone else. It's getting old reading the same recycled stuff every year.

'89 S4 GP White/Black
'76 912E Silver/Black sunroof
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Old Sep 12, 2009 | 06:16 AM
  #21  
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I think its been true a LONG time, very few really nice 928's are ever willingly sold. Most of whats on the market are cars that have been sold for good reason more than once.
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Old Sep 12, 2009 | 07:48 AM
  #22  
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So how would we classify the "low" condition?

I have been shopping for a 928 for a couple of months. The last three I have inquired about have either been non-runners, not run for 3 years or carfax/autocheck revealed significant accident history. Are these in the "low" bucket or somewhere south of that?

Seems these may be good places to develop an asking price but if you need to sell the the only thing that matters is what folks are willing to give you for the car!

Last edited by jwillman; Sep 12, 2009 at 10:33 AM.
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Old Sep 12, 2009 | 10:03 AM
  #23  
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Holly Hanna......if the low for an '89 is really that good...I should sell the "field car" as soon as it's cleaned up and walk away with a 400% profit! BUT I don't think that will ever happen, even up here in Canada.
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Old Sep 12, 2009 | 11:17 AM
  #24  
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This comment may be a bit controversial however, however I will suggest that owning a 928 will allow the owner to understand better the issues. Working through those issues will point out some of the required maintenance and hence the suggested lower price. Also, working through the issues may result in overlooking some of the great engineering that really went into the car.
I believe most 928 purchasers love the cars and hence try to get the most car for the lowest dollar. Hence, an owner may end up with a car that looks great but has years of neglect (e.g. electrical gremlins) to sort out. And so starts the investment of time (to research the issue and to solve it AND to find the best pricing on the require parts) and dollars (actually purchasing the require parts/shipping).

I find that most people are quick to point out the flaws in things they have first hand experience on. Hence, owners of a model of car would probably be the first to depress the value. The devil you know syndrome ...

I would suggest you look at the 928 as if you never owned own (and did not know all the quirks) but rather based your opinion of the value of the car. The lines, the sound, the comfort all add up to the perceived value.

Older cars sell on either rarity or the buyers perception. Because we all own 928's, we would probably be the first to point out the (constant care and maintenance) resulting maintenance requirements and hence, in so doing, depress the value.

Now the challenge ... if you never owned, never drove, never experienced a 928 ... what value would you put on one if you saw it on the street. When I first got mine (there are only a few here), I was willing to pay more for it than I did ON FIRST 928 IMPRESSION. The "I just gotta have one" factor.

So, are the prices listed high ... for experienced owners ... possibly. For potential owners - perhaps not. I expect Ferrari owners may have the same opinion of their "posted" values versus what they believe the car is worth after they have owned one for a period of time. Again ... devil you know.

Regardless .... mine still puts a smile on my face when I drive it. In today's economic issues, I will take a smile however I get it.

Cheers guys
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Old Sep 12, 2009 | 05:53 PM
  #25  
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I think the values listed are for running cars with all features and accessories working. The range is only for condition.
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Old Sep 12, 2009 | 06:11 PM
  #26  
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Originally Posted by 86'928S MeteorGrey
I think the values listed are for running cars with all features and accessories working. The range is only for condition.
If that's what qualifies values to be counted in Excellence, these numbers make a lot more sense - at least on the low side. We all know junkers are worth a lot less than the values listed, and even non-junk but deferred maintenance ones are worth half of what they list. But if a car has to be "roadworthy" - able to pass a DMV inspection of some sort - even that low bar will keep a lot of the low values out.
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Old Sep 12, 2009 | 06:42 PM
  #27  
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Submit your reports now for the 2009 mag, probably working on the report now.
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Old Sep 12, 2009 | 07:19 PM
  #28  
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Originally Posted by 86'928S MeteorGrey
I think the values listed are for running cars with all features and accessories working. The range is only for condition.
"All features and accessories working" means everything from the resonance flap in the intake to the vacuum actuators in the dash working.

No one, and I mean no one will be able to buy such a 928 (87+ or newer) for the "low" price range on the chart. If it should happen it would be only because the most-previous owner is dead or needs cash tomorrow. Such a car - everything working - would only be owned by someone that knows how to maintain them and how expensive it is to maintain them. Erg, they would only part with the car if there was no other choice.

For instance: a "low" 89 is listed at ~$12k. Find an '89 that works soup to nuts that can be bought for $12k. Ain't gonna happen.

If, on the other hand, the "low" prices reflect the reality of 928s on the low-end of the maintenance scale then that's a different story.

And a '95 GTS at $25K? Hah!
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Old Sep 12, 2009 | 08:06 PM
  #29  
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First, I would like to say there are some very well thought out comments here.

Now. At first I dove into this tread with money signs in my eyes. But, after my recent set back and response I got with all of the brotherly love from guys all across the globe, how can I accurately price such an experience?

The forum support these cars receive is priceless. As are the relationships that form from owning one


...just my .2
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