Global Autosports

We just listed a 928 this morning for one of our clients in NYC...

Here is the advertisement: 1979 Porsche 928

He was unsure of price and wanted our opinion, i know the pictures are not the greatest.

He currently has it for $12,500, seems a little high in our opinion.

What are the pros/cons with a car like this?

He is not desperate to sell but looking to get it gone sooner than later.

We appreciate any feedback that can be given

rnixon

I see that the leather has been redone / replaced, but the dash looks tired. You'll get a better valuation if you provide more photos and history.

It's a manual, which helps, but I think it's probably worth $~7k, unless there is a lot of maintenance history and recent major items. From what I've seen, the 16V cars are more difficult to sell at reasonable prices, so need to be really nice.

bronto

Prices are trending up, if recent history is any guide

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

I wouldn't sell mine for less than $20k (not that I am selling) but might only get $15k. That's with an almost new original materials Glaserite paint job.

Jetdriver69

I would pour gas on my 82 and light a match before taking a ridiculously low price for her. So I guess I will keep it for quite a while.

Unless I find someone with more money than sense at one of our cars and coffee shows. You never know...

ROG100

Needs a lot of work and probably $10k short of being a $15k car.
Early cars are selling well and values are increasing for good quality, low mileage and well documented cars. This car does not fit that description.
However more and more "well healed" buyers are looking to get into a 928 and compared to the price of a similar 911 - $12.5k seems like the bargain of the century.

Good luck with the sale and I really hope you get close to that price.
If you don't ask you don't get.

Shawn Stanford

I wouldn't go anywhere near that price. The interior is nothing to write home about, the paint looks tired, the miles are typical. Sunroof and rubstrip delete can be a plus, depending on the buyer. The car is in NY, which means rough roads and salt. It's dusty, which means it hasn't been regularly driven.

$5k-$7k depending on maintenance history.

linderpat

I would revise that description about the condition being "excellent". That car is not in excellent condition, as is obvious by the pictures (especially the interior warped dash). Because of the mis-description, anybody looking at it will be suspect as to the price as well. Better to accurately characterize the condition, list the price where you have it, and many buyers will think they are getting a bargain. It's all in how you list.
That price for a true excellent condition, low miles 79 5 speed would be pretty fair at this point. The prices on good early ones are starting to ratchet up.

Wisconsin Joe

Not enough pics to make a real judgement. The description is really inadequate.

Maintenance records?

I'd tend to agree with Shawn's assesment. $5k-$7k. Maybe.

Ninjaxz750

Sorry. Not going to sell at that price. You need to have serious service history as was said in a earlier post. You should take pictures of underside and engine bay as well as more interior pictures. Does it have the tool kit? the spare and tire inflator? Do all the *****, bells and whistles work? And if you haven't figured it out by now, the condition of that will help in the price assessment. All that info adds (or decreases) value. Cars like these require care, and "proof of life" so to speak (IE Maint. history) increases the value. For that asking price, I'd be expecting more than what I'm looking at.

Ninjaxz750

Oh yeah: Pros and Cons. This is a very abbreviated list so calm down everyone
Pros:
If it's well maintained, it's a knife fighting sport touring , very affordable supercar.
Smooth driver car; ahead of its time.
Timeless design/ lines
Very comfortable/ ergonomic interior
Plenty of parts to be found with great, knowledgeable suppliers.
This is the time to buy, prices have flattened out and are just starting to rise!
Owners help owners (IE This forum)!

Cons:
My kids barely fit in the back seats
Maintenance can be expensive if you don't do it yourself.
If you don't do it yourself, beware a mechanic that doesn't know this type of car!!!!
Routine maintenance must be kept up to date (Expensive) or you suffer the repair consequences (Way more expensive).
Some parts must be rebuilt as they can't be found without taking out a home equity loan (sort of kidding. sort of).

Global Autosports

dr bob

Global--

The group here is pretty cynical about less-than-perfect cars. Plus most folks here are already owners (same as: previous victims). Don't let that sway your sales goals. Share the info you'd expect to see as a buyer, warts as well as features. There are several 928-specific parts vendors around so a buyer isn't in exotic-car limbo after purchase. Pretty decent support network here too if a buyer is DIY-capable.

That said, some cleaning and "freshening" will improve the pictures and the overall impression. Someplace there's a potential buyer who's a big Risky Business or Wierd Science fan, someone who's always wanted one.

At $12.5k, the 928 price competition is similarly-undermaintained but newer models, with more power/handling/features/brakes. Something to improve the appearance/etc might be helpful for its marketability. There are folks who look for the earliest cars, but there are too many less-than-great examples right now, keeping the bottom of the market low. This was a $35k (very expensive then) car that Porsche carefully marketed (rationed?) to a higher strata of owners in the earliest years. It's still an expensive car to restore, but the parts are available. In time the yard-stored beaters will disappear and the market will come up for the better examples. Right now there are still too many 'bargains' available, unfortunately.

Jetdriver69

I like that, previous owner or previous victims!

After importing and working on a 78 Euro for two years in the late 80's, you would have thought I knew better.

Naw, buy another and do it all over again, but spend even more time and money on the car this time…..

dr bob

Point of view I guess. Most folks who been down this road already may be more realistic pessimistic optimistic cynical (you choose...) based on that previous experience. At this point virtually every car is in need of $5k in rubber bits just to make it a safe driver, without materially affecting marketability. We all know that stuff from experience and education. Others learn it, perhaps unwillingly. Buy the cars to drive and enjoy, and that means different things to different people. These are not investment-grade cars at least not yet. Of course by the time they are the prices will be out sight. Hopefully. Timing is everything.

Wisconsin Joe

The ad is still very sparse.

Add pics.
Add more detail to the description.