hb253

http://hudsonvalley.craigslist.org/cto/3865137647.html

Claims to have only 5320 miles.

frankle951

Very rare shark, price is a little high, but still a nice shark !!!!!

danglerb

Sort of thing you need eyes on and documentation, but rare color and low low miles make the price within a very wide range immaterial.

James Bailey

so not count fuel, insurance, taxes.....cost the original owner about $7.50 per mile. Assuming they get the asking price. Gets even worse if you factor in inflation at 2.48 % average takes 1.72 of todays dollar to equal 1 in 1991. Or the 42k is only "worth" about $ 24,500 makes the "cost per mile" before fuel, ins, and taxes a bit over $10 per mile.
That is one expensive ride !!!
However if you simply put the $80,000 into the S and P 500....replicated the holdings and forgot about it current value is about $266,920 the lost opportunity "cost" is over $500 dollars per mile

Spun

Thank god its not an 89 GT... I'd be selling body parts for it . Its the color I am looking for... Just wrong year

FreedP

Is that Coral Red Metallic?

Rod Underwood

Do you find it of concern that someone owns a car like this and wants "no traids"? ;-)

Rod

hb253

I'm always curious about the back story on low-miles cars like this. Did the owner get bored? Was it purposely preserved? Misfortune of some sort?

Hugo

FreedP

Car has been sold.
It belonged to his father.
The color was Coral Red Metallic.
He got a decent amount from the original seller.
Could have been better from a collector.

James Bailey

Some people collect, even hoard cars for reasons known only to them. Just having it not driving it is enough. And for some $80,000 is chump change insignificant not worth think much about. Then there are those who do not want to take a loss as the cars depreciated very fast and simply held on to it.....I recently meet a guy who had collected over 500 cars of all types but mainly "projects" until the city got after him. Was going to fine him $50 per day per car not parked on concrete. So he sold the property for $1,000,000

linderpat

my thought exactly. suspicious undercurrent there.

dr bob

I'm happy to see that exceptional cars can sell for decent prices. This one, if the mileage is accurate, is a great find.


My first "winter" car was a '58 beetle that had been barn-stored since its second winter. Turns out the owner had been disappointed with the heater system that didn't, and got cold feet. Car sat for 7 years until I bought it for $50 (in 1967...). We poured a gallon of fresh gas in it, rolled it down the hill from the barn towards the road, and it started and ran fine, as only a 36hp beetle could. So there are casual very-low-mile barn finds out there. And each has a story behind it, usually ending with a reason to be parked.

Jim B is correct as always with the financial analysis on the 928 -- Most folks spend no time at all analyzing the lifetime impact of cars as "investments". Unless you buy them and flip them quickly, every car you have or will ever own is a money pit, at least on paper. I have security in the knowledge that my kept-well S4 would easily sell for what I paid for it 15+ years ago. But I also know that the total maintenance, operating and upkeep costs during that time are well north of $2/mile, not counting the cost of its hangout and considering that all the maintenance labor was charged off to my separate "therapy" budget. For the original owner, that per-mile costs was well north of $8/mile, based on difference between purchase and sale numbers, plus the documented dealer maintenance. Add in insurance, fuel, and incidentals, plus his storage costs, and it's way higher. I hope he got as much pleasure from its stewardship as I have.

hacker-pschorr

Just how some people are. I cannot count how many super low mileage cars I know of in this area. Some people will only drive on the absolute perfect day and not very often. Many people only do the "car show" scene, others really want to preserve.

Friend of mine searched years for the perfect C4 Corvette, found one (around 2002) with 900 miles on the odo. Over the next five years he put 1,000 more miles on it. It doesn't help he owns 7+ Corvettes, you can only put so many miles on any of them (especially when you are afraid of rain clouds).

I thought the same thing, then again I know some doctors who are terrible spellers and have no idea spell check exists.

If as advertised, it should be worth every damn penny he's asking.

Just because you can pick up a well cared for S4 with 150,000 miles for $6k doesn't mean such a car is only worth a few thousand more.

in the Corvette world such a car would fetch easily 4-5 times your "average" car of the same year. To put things in perspective of production numbers, this would compare to a ZR1 of said vintage.

Few in the Corvette world would question these asking prices:

http://www.hemmings.com/classifieds/...e/1533239.html

http://www.hemmings.com/classifieds/...e/1509740.html

http://www.hemmings.com/classifieds/...e/1509384.html


The ultimate garage queen, used to be local to me before it was sold to a collector in Italy:

http://www.erik27.com/cars/PearlCountach/

The owner of that Countach has owned quite a few Lambo's over the years. Some people in the Lambo forum were on him about owning such a fine auto and never driving it. This is his response:

In a way, the part:

"I believe the Countach in general is at it's most dangerous time, a time when the wrong people buy one, because their relatively cheap and they always wanted one."

Very much applies to the 928.

antlee928

It's hard to comprehend how some people have cars like this and do not drive them. Nice colour combo. Looks to be in great condition although even with this mileage it has been sitting too long between drives and this can cause other maintenance issues with these cars. They need to be driven regularly and should be driven regularly. Price seems certainly at the higher end for mileage and condition however there hae been some 928 S4s here in Oz that are low mileage and asking hi $30ks.

Cheers

dr bob

Cars that are driven rather than stored tend to have time-driven maintenance done, at least earlier in their lives when the market is still OK for them. My only serious concerns with a never-driven lowest-miles car are cooling system corrosion if the coolant has been neglected, then fuel system stuff like fuel pump and corrosion in metal parts due to moisture, ditto the brake system. Pretty much everything else that needs to be replaced or serviced would get replaced or serviced regardless of the mileage. This is supported by my "rule" that almost any 928 is $5k in rubber and other maintenance parts from being a reliable driver. You can deduct for stuff that's been done recently, but those well-maintained cars seldom make it to market in that well-maintained condition. Few folks bother to spend a $bundle on PM's, then immediately put the car on the market. Sadly, pretty much the only way to recover the PM investment in these cars is to drive the life out of it. It's a death spiral until there aren't many left. Right now we still see dead cars selling by the pound, and so long as that fat bottom exists in the market, values for others will be dragged down too. So encourage the market some rather than dis'ing nice cars offered for nice prices.