The severe lack of maintenance is what kills the price on these cars, everyone here knows this or will learn it once they too become owners and have to fork over the $$$s. I've bought 4 of these bad boys and paid anywhere from 6 to 11k for the priviledge to have them. I've dumped upwards of $60k into them on upgrades and maintenance, so since my first purchase in '99, I plunked down over a $100k to play with the Sharks.

You know what? One lap around SRP at speed made it all worth it, blasting down the front straight at 140mph+ is an experience not easily matched in other vehicles.

Hack on prices all you want, but we all know the ones with up-to-date maintenance are the ones that hold their value, not mileage or MY!

 

Too often here the reader assumes a price mentioned, regarding a 928 for sale, is a statement of value when the poster is merely guessing at what the actual selling price will be. And then the $h1t begins to fly.

 

Credit to the sellers for knowing that a normal car will NEVER sell for more than the asking price. Generally, I list a car for what I am willing to accept for it, --maybe-- with a little negotiating room for folks who feel that they can't possibly buy any particular car for its original ask. So the trend continues: asking prices set by the seller. Purchase price is set by the buyer. So, see a nice car that's seemingly over-priced on the ask? Test the amount the seller has included in his negotiating allowance. If your offer is lessthan what the seller wants to accept, both of you move on. It's a lot like speed dating, where if there isn't a good mesh, you rotate to the next chair and see if you get closer to your own balance on quality and price.

 

Well said but one shouldn't ask 2x what the market says. I've seen this car on Craigslist Boston every week for almost half a year now.

 

Exactly. Personally, I feel these cars are undervalued in the marketplace, and this car in queston *should* be worth the asking price. My comments were more about market value compared to what similar examples are selling for. I would love to see an informed buyer, eyes wide open, see fit to pay $20k for that car.

Some will say I overpaid for my car at $12k (33k mile, 1 owner 84 Euro S 5-speed in much better condition than this example). In fact, I could probably have looked longer and wider and found something similar for less. But, I "valued" that as a good price, considereing I knew I could sell my 83 911SC with 3x the mileage and in half the condition for more money. And, IMHO, the 928 is much, much more car.

So, we can debate values (which is a good thing), and we can try to inform potential buyers on a particular example where the asking price falls within our own market experiences.

 

I would say you did not overpay. You didn't steal it, but a low mile 84 euro 5 speed is one sweet ride. If you know exactly what you want, you gotta pay.

As someone shopping for a car, I find it frustrating when I see some of the asking prices out there. Very nice cars in the colors/years I want are not so easy to find. The car that started this thread is one. But if someone is asking 20, it seems pointless to offer them 10. Asking the seller if the car comes with the crack pipe they were smoking when they set the price might be fun, but not likely to generate the desired result.

 

The wear doesn't seem consistent with the miles. Nice car though. Laughable asking price but than again I thought a 100k GTS was laughable..

 

The car came up again on ebay. I bid 11k, which was the high bid, but did not meet the reserve. I got two messages from ebay saying the reserve had been lowered before the auction ended. This made me curious, so I emailed the seller and asked what the reserve was. Here is the reply:

 

Hmmm...2012 minus 2004 equals...

Somebody'll get it. Some of us will think they were burned, but as long as they are happy.

I think your valuation/offer was excellent, though I could see a few more $K still being within the realm of the reasonable.

 

Nice but 26k, WTF?

 

(so far our highest offer was $18k).

Uh huh.

 

Thanks. I would pay more for that car, but I felt that if I was close at 11, the seller would contact me after the auction. Going higher would just be bidding against myself.

 

Between $10-15K seems likely. The seller doesn't seem to understand 928 prices, and so it sits.

 

Exactly what I was thinking.