dprantl

Ah Chuck, the defender of high-priced GTSes. There is no right or wrong. Someone else posted that rarity is a desirable trait. I simply pointed out that there are other 928's out there that can be had for a fraction of $60k and are just as rare, if not more. And they can put down enough power to still be considered supercars in this day and age. I think we can both agree that many people that bought a 928 did so in part because of it's performance. And yes, it is my opinion that if someone buys a 300rwhp 928GTS for $60k, they are suckers. Sorry, but that's my opinion.

Dan
'91 928GT S/C 475hp/460lb.ft

Chuck Z

Does your opinion cover those who buy 15-20 year old high priced Ferraris (take your pick......)? How about 15-20 year old BMWs (read 850CSI)? Mercedes (looked at the price of older low mileage SLs lately)? Lambos? Lot's of people think those under powered (compared to today's hp standards anyway....) high priced sportscars are quite desirable. You might not, I do. A modified 928 does not make it a rare car, it makes it a modified 928 and like all the makes listed in this post; most modified sportscars are not desirable at all and never will be. Ever! OTOH, the last of any model will always be desirable (looked at the value of a 1995 512M lately?) as time goes on unless of course it is modified. Take for example Joe Dyer's supercharged GTS. He had a hell of a time selling it and in the end almost had to give it away.... Dan, I appreciate the fact that you don't see the value in high priced GTSs but your argument as to why is really flawed..... Defender? Perhaps when it comes to flawed logic... In my opinion of course....

Ispeed

If Willhoit isn't buying this one, then the (hit in the rear?) accident damage is enough to hurt the value.

cobalt

I'll step up and second your opinion Chuck,

I don't see how one could compare a modified 928 any year to a stock rare GTS 5 speed and argue because it is faster it has a larger and higher market value.

The collector car market has shown time and time again that low mileage pristine examples of rare cars like the GTS or the 94 turbo 3.6 especially the S's command super premiums to those few who collect such cars. There are enough collectors out there that even in this economy the right car commands a premium. Any modifications to its original form and it looses value. I am not aware of the cars history and if it does have accident damage than that would be a valid argument for the price being too high but otherwise it is a gem to a collector and a car that has not yet been fully recognized by the collector crowd, meaning it's value should if anything creep upwards if the mileage is not abused.

My friend just sold his 94 turbo S with 17k miles for a number over $150k and Sloan has it for sale for $185k eventually this car will sell. But again I am sure some will say they could buy a 997TT and it is worth more because it is faster. Well it might be faster but eventually the 997TT will be worth $35k and the 94 turbo might be worth $200k to the right buyer. This is no different than what happened with the 74 RS's the 904's and for currnet models the 964 RS's and cup cars along with so many other models we can argue over.

If speed and performance were all collectors were after I would hate to see the value of cars like the original Ferrari Testarossa or 250 GTO compared to the newer Ferrari's of today. These cars are not fast by today's standards but you can buy almost every 928 still running for the value of some of the 250 GTO's. I am sure that any of the owners of those cars would laugh at you if you offered them a supercharged 308 because it was faster.

Chuck Z

^^^ Another good example of an overpriced 15-20 year old Porsche - the 964 Turbo!

I don't want to speak for Dan but I think he's saying that anyone who would spend $60k+ on a GTS is a sucker and that he'd rather throw his money at modifying an older 928...... which is fine. What I don't think he cares to acknowledge is that the $ he spends on his car is probably less than someone who pays $60k+ plus for a GTS will lose in the long run..... In fact, that person who buys the GTS might actually see the value go up????

I could be wrong though....

mcholdfast

I think it depends on if you're buying a car for the purpose of driving it or buying it as a collectible. If you spend the money on the GTS and put a lot of miles on it driving and enjoying it, you will likely lose more money than you would on an older 928. From my view, I would have to sell all three of mine to be able to afford the subject GTS. I would not enjoy owning one GTS as much as I enjoy driving the three that I have. Then again, I could sell the three that I have and likely buy twice as many OBs so in the end, it's all a matter of personal preference. I'd rather have the 89 GT that Stan posted about for 24.5K...... if it wasn't red.

Cosmo Kramer

My opinion is for that kind of money/miles, that GTS would have to be in perfect concours condition all original. The wheels are not original and it has an S4 exhaust which raises some questions. The only reason to change an exhaust on a car with this many miles is because of accident damage. I would say the seller is being a bit optimistic with the BIN price but that is how it works. Sellers can always go down in price bit they can never go up LOL!

Vilhuer

Day when SC kits, Eibach springs and RMB's are removed from lowish mile 928 because it will increase their value isn't far. This is utterly incomprehensible for most 928 owners but perfectly logical for any true car collector.

Marine Blue

I agree with Chuck and Anthony on this, original, rare show/concours condition cars will demand a premium. This has already been proven twice by the two recent GTS's which sold for above $100K.

Think of it this way, there is a generation of people who coveted having one of these cars when they were a teenager or young adult. Soon this generation will be in financial positiions to spend a big sum on that "dream car" and with short supply of original cars in excellent condition the prices will go up. The same has occurred time and again over the past 30+ years. Eventually the prices will come back down but only after that generation starts to pass on....that is unless the generation is able to create the same spark in the up and coming generation.

For example, I would never spend even $50K on a 74 RS because the car doesn't even come up on my radar. It doesn't matter how good others say it is or how rare it is, I just could care less. In fact, majority of cars made before 1985 don't even come up on my list of cars I would want to buy regardless of performance or price (some exceptions of course).

I agree though, if Willhoit hasn't picked this car up its for a reason. Either the seller doesn't want to work with a dealer or he is hiding something.

inactiveuser1

Those numbers on the Mustang are only from a NA 6 cylinder and performance from the V8 are way better with newer tech.
You will see 2011 Mustang of every corner in a short time is true but its because its good performance for the money which $60k for the GTS still is alot more like $40k car. NADA gives the older 928 S4 a price of $16k which some will and some won't pay.The 95 GTS they give it $33k area $40K may be more inline.One way to find the value of the GTS is take it to the Porsche dealer on a trade in and see what they would give on a new Panamera.Who knows thou later on what they will be worth,who ever thought 440 71 cudas would be going for $100k+.If the GTS was such a good price it wouldn't have the best offer on it and would be gone by now if someone wanted it that bad.
If I ever went for the 997TT it would have to be with PDK as you won't outshift it with a 5 or 6 speed.GT2 is more of a track car and 997TT is more of a daily driver 2 different cars.

Marine Blue

If this logic were true how would you explain the Silver 95 GTS 5spd with no special options which sold for $107,000 a couple of months ago?

There is no doubt that the GTS is becoming collectable and I wouldn't be suprised if the GT and nicer OB's start following this same trend.

I would bet good money that I could sell my GT for $35K if I wanted to. Any takers.

















J/K, GT's not for sale!

tmpusfugit

Previous Owner/Seller of this car...just FYI.....

Michael Willhoit
417-869-7000 Office
417-839-1258 Cell
Willhoit Enterprises
www.willhoitenterprises.com
turbobooost@aol.com

Chuck Z

Valuation books are mostly fiction especially when it comes to the 928 (well fiction for most cars for that matter). They have no idea what these cars are acutally selling for apparently neither do you if this is your source of value? Where do they get their data from? So few are change hands their data can't help but be flawed? They guess about value and just like Bruce Anderson does. Since most cars depreciate at a certain average rate the 928 must do the same.... right?

If most do not take their 928 to a dealer for service - BECAUSE THEY DO NOT KNOW ANYTHING ABOUT THE 928, what makes you think they're any more educated when it comes to the true value of these cars? They'll use the same books you mention above........

It is gone...... Willhoit bought it! As Afshin has already mentioned, there has already been a GTS that sold for $100k plus. Fact is, there have been a couple.......

Like it or not, the late low mileage GTS 5-spd is worth more than you think it is....

Chuck Z

He did buy it. According to Michael the PO took the RMB off and replaced it with this muffler not knowing it wasn't the correct version....

cobalt

I would love to see you get it. I think the market for these cars is coming soon next 5 years or so we should see an increased appreciation. As fewer and fewer nice clean cars like yours exist, as with the other models and less nice cars become available we will see those models increase while the rest decrease or stay where they are.

I dropped my subscription to Excellence because his articles became old stale and his numbers were way off. If I used NADA my 94 turbo would be worth $35k I have people willing to pay me high $70's for it and I wouldn't consider selling it for that little. As the economy improves we will see this market go back up. I am also on a lead that there may be as few as 350 stock US 94 turbos made instead of the 410 originally believed. If this is true who knows what will happen with this market as more people seem to find appreciation and less are available.

I feel the 928 is due its time just like the 914 and some of the more rare 911's.