healey

I recently did a search of OB values on the Hagerty Insurance site and was wowed by the recent surge since May in OB values, anywhere from 19-45% in 4 months. I have a '79 that according to Hagerty's condition scale would rate a 1.5. I was thinking of selling it since values have been so flat for years but now wonder if I should hold on to it for a few more years if the better condition early cars are going to move like this.
What do other Rennlister's think about the potential of the early cars becoming more valuable in the next few years?


Check it out http://www.hagerty.com/valuationtool...ort?vc=1318839

Rob Edwards

A '78 is a 35 year old car now. If it's in 2+ condition, there's aren't a lot of them around in that shape, it's the first year of production, the factory bosses associated with its design and gestation are venerated in the automobile press, etc. etc. I think 928s are finally shedding the rep they had for absurd complexity in this era of CANBUS and nanny-driver aid-infested modern cars. Hell, even SCM has had nice things to say about 928s recently.
Maybe it's just a fashion thing, 911 SCs of the same era are blowing up as well. But bottom line it's simple supply and demand. If nothing else, they're not making any more, and at the very least I would argue that nice early OBs have nowhere to go from here but up. The rate of change of the appreciation curve is open for discussion, of course.

So if you can float the carrying costs for a while I would hold for now.

I have never really entertained buying an early car, but if I came across one with great cosmetics and a lot of deferred maintenance, I could be convinced.

Jadz928

I wrote about this topic earlier this year, take a look:
http://928classics.com/1/post/2014/0...rsche-928.html

The Fixer

healey,

Hold onto it.

They're just starting to be appreciated.

FBIII

I guess it also depends upon what you plan on doing with the proceeds.

oldfrat

How accurate are the Hagerty valuations? I just bought a 1981 with 12,150 miles on it and Hagerty says I overpaid.

My attitude remains that I got a great bargain. The only comparable cars I've owned in the past were 1967 Corvette 327s. My 928 is far superior to those in almost every regard and, IMHO, looks just as sexy. I could not buy a 67 Vette in comparable condition today for 3X what I paid for this 928, even if I got super lucky.

Brad

PS: I just looked at Hagerty's valuation for a 1979. About $5,000 higher than for a 1981. That difference strikes me as silly. Maybe I just don't know enough about 928s yet, but the 1981s seem to look the same as the 1979s and the mechanicals seem to be improved.

BB512MM

I'm currently looking for a 78/79 928 in #2+ condition. I'm a huge fan of the early cars. If you have one for sale or know of one please send me a PM.

The Fixer

I don't know where you are located but i happened across a silver '79 in great condition in a mechanics garage. Non sunroof and some aftermarket stick on rub strips without drill holes IIRC, fiberglass aftermarket wing. The co -owner's car, it's been in storage for 10 years. very nice condition but looks to have been resprayed. No dash cracks. She (owner) is and was very involved in SCCA racing. Neat woman and knows MORE than most here about auto mechanics and racing tech..

She would sell but wants about $7500 or more i think..

I posted a thread on this car with pics on Pelican: http://forums.pelicanparts.com/porsc...ace+car+garage

Jadz928

BB512MM,
Thanks for checking in with us, you've come to the right place.

I have two 78's coming up for sale next month.
One is a late '78 Euro #2384, 5 speed, india red w/ cork & pasha interior.
The other is a very early '78 Euro #0078, 5 speed, silver metallic w/ black & pasha interior.

Let me know how I can help you with your search.

hwyengr

You paid what you felt the car was worth, so that's what it was worth. If you're planning on keeping it, what does it matter?

hacker-pschorr

First years typically sell for more, this is not unique to the 928.

78/79's are also CIS, L-Jet cars do not have the best reputation from the "vintage" Porsche crowd. I was at a random car gathering recently and a 911 collector who's looking into a 928 asked the best carburetor "kit" to buy for an L-Jet 928, since that is a common "upgrade" for L-Jet 911's (or so I've been told.....)
He was shocked when I told him no such "kit" exists and he would be ruining the car by installing such a setup.

There are also far more 80-82 cars out there than 78/79's. Collectors know this and go for the ones with lower production numbers.

Other popular "rare" options like sunroof delete seam to show up more in 78/79 cars. I cannot remember the last time I saw an L-Jet 928 without a sunroof.

oldfrat

Thanks for the explanation. I was curious, not worried. The 928 will be part of my estate and my sons can worry about its value.

Brad

BB512MM

I am in Atlanta. That 928 isn't for me as I want one already in #2 condition.

The Fixer

With a weekend cleaning, this car is a #2. It has a lot going for it.