Mongo

For some reason, the 928 reminds me of the Ferrari 308. Years ago those things bottom to the low 20's. What you could find for $23k-$27k then, is going for about 42k-55k now.

I hope the 928 follows suit, but we aren't exactly Italian.

Dutch 928 fan

Apparently, this low mileage gts 5speed sold for 76k... Euros that is.
In Essen on day one of the show.

Alan

I think if you are buying a 928 primarily as a driver - mileage matters much less than condition and proven maintenance. Only garage queens benefit much from low mileage, it could even make a driver a rather more expensive choice due to pure age related functional condition issues, hoses, belts, tires, seals could all actually be much worse than they look...

I hope they all go up...if not - at least the GTS cars!

Alan

vanster

I was at a CSRG vintage event at Sonoma Raceway this past weekend. I was parked in the pits and a number of people were commenting and asking questions about 928's.
The first comment is was always "oh.... it's a 5 speed...cool"
Never before has there been any interest.

the flyin' scotsman

Thers a GTS for sale in Panorama for $92k.......not that Im in the market to sell but certainly seems positive

AnatolyL

OK, here's the troll again, saying show me the money. We go over and over this topic, and everyone, including myself, wants the 928 to increase in value. It has to, because it can't possibly go any lower. When "Hayden" buys a running, driving car for $2200, how could it be any lower, $1K?
"Spun" won't disclose his price, so now whatever he says has to be viewed with suspicion. The Hagerty value chart has nothing to do with value, because its based on agreed value, not a sales price. Here's a sales price - a 1990 with an auto trans, white with white, original owner, 37K miles, traded in at the dealership I work at. Cosmetically nice, the PSD light was illuminated, and the car was covered in fluid leaks from the front to the back (I saw it on the lift). When you opened the door and sat in the car, you immediately smelled mildew, although nothing was quickly visible, but water had to have been in the interior at some point. Sold on ebay for 17K.
And don't even mention Italian cars in the conversation - they have absolutely nothing to do with German cars, let alone 928s. As I've said over and over, until all the $2k 928s are gone, only the value of the 89 - 95 cars have any chance of being worth serious money, and as we all know, the production numbers after 88 went way way down.
s

SeanR

Hard as hell to read there bud.

I've been watching, seeing, having hands on sold 928's for a few years now and the prices are going up, up and up. It's not the 89 to 95's only. It's the 77-79 and 93-95's that are skyrocketing and anything in between has to be something special. Low mile, odd colors or just something that is desirable. Several '87-'89's have sold in high territory here local, a few '85-86 have also. What you don't see going worth a damn are '80 to '84 cars. Their time will come as they get more rare and nicer cars are brought for sale. I can point to two '82's here that would fetch more than $20k if the owners were so inclined to sell. It's not their time though.

rnixon

I'm apparently different. As these cars increase in value, so will the parts, mechanics and insurance. I only care about the price when I sell, which I'm not planning on doing (OK, $50k would do it).

Let's face it, these cars are a fun way to spend money, not make it. I'd be very happy for them to be an undiscovered (by the masses) gem.

HaydenM1974

And that is what they are....undiscovered by the masses. Everyone that has seen my car can't believe that I have $3400 into it which includes the $2200 purchase price. I think that if and when the new 928 is out on show room floors, a lot of that will change. Most people have forgot about these cars and have no idea how affordable they are as a project, especially the lower mileage ones that haven't been butchered by POs.

I think the Hagerty values are fairly accurate. An 84 928s with up to date maintenance and no major flaws will cost about 7000 whether you spend it all at once or spend less and put the money into it over time.

Nicole

What strikes me about the Haggerty site is that their charts indicate a price jump in early 2013. However, while I remember a few high priced GTS models being sold, I never noticed a broader price increase until more recently. And my observation is that low miles and later models are the ones on the rise - there seem to be plenty of 87 and 88 models with low to mid mileage, but they are not selling like hotcakes.

Yes. and it proves that you did not have to travel 3000 miles to find another, as this one was right in your back yard. You were just being picky about the interior color... and this one was turnkey, while the other would have been a bit of a project.

Igordiver

Another problem as they increase in value is that they will become more valued by thiefs 2. Over here In Belgium there's more and more threads about cars that are stolen on the Porscheforum. I don't mind that it stay's low profile. I never bought it as an investment anyway.

danglerb

The herd is aging with no new cars, and AFAIK less than 10 real restorations. No point in being too concerned with the value X years from now.

mickster

That is one big piece of the puzzle.

The other is everyone who fell in love with a 928 in their teens is now in their 30's at the earliest and more likely in the 40's-50's with a decent income or some scratch saved up.

NoVector

Historically, what happens to Porsche parts prices when the value of cars goes up? I.e., have air-cooled 911s and 356s parts gone through the roof?

danglerb

When your feet start going through the floor, parts start going through the roof.