Hemmings predicts a value increase for our cars
#31
Captain Obvious
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2010 was just a couple years after the ****storm in the US and car prices were down a lot. I think this started to change about a year or so ago. Before that you could get 996s for really cheap, not anymore and this seems to be the case for every other non DD car too......like the 928.
#32
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I wound up entering the Maserati world and bought a 2005 Quattroporte. 46K miles, $23,000 with all the modern accessories and very fast. These kinds of cars are one reason that 928 DD values can't really go up much.
#33
Three Wheelin'
I think the difference in 2010 is that you were getting opinions from other 928 owners about milage/value. I believe what we saw in 2016 is that the non-928 car collectors started sniffing around to see what all the fuss was about. And those people value low mileage/rare optioned cars. They have no knowledge yet about 928s hitting their stride at 100k miles. They are collectors and are looking for a car that will appreciate in value the quickest and those cars are always low milers or rare examples. It's these cars that 6 years ago may have fetched in the mid 20's but now are getting mid 30's to low 40's. The higher mileage 928s will appreciate if the lower mileage ones continue to sell for strong money. I don't know this but I suspect that high mileage 911s haven't appreciated at nearly the rate of low milers.
So I'm curious, now that you're out of the 928 what's your next automotive adventure going to be? Alfa GTV-6? Or something newer like a ten year old Cayman?
So I'm curious, now that you're out of the 928 what's your next automotive adventure going to be? Alfa GTV-6? Or something newer like a ten year old Cayman?
Nate, I'm still kicking myself. I had a line several years ago on a GTV-6, special edition no less. Always loved them, but the spouse...seemed to think one project car was enough. Why!
#34
Burning Brakes
People looking from the outside in need to find other reasons than the HP/dollar ratio in order to want to buy in. That having been said, I still am not going to dump either of my 928s. I value 928s for many reasons that can not be summed up by the HP/dollar ratio.
#35
Race Car
I really like the GTV-6. I want one. Still cheaper than a 928 of comparable condition. Jeremy Clarkson said it was his favorite car he ever owned. He also likes the 928. Not sure what that say about me. Hmmm.
#36
Race Car
Well I am not quite out of the shark tank yet, but trying I guess. I found that a super-old car was not practical for upkeep anymore so I wanted a much younger car that would put my 928 to shame in the bargain.
I wound up entering the Maserati world and bought a 2005 Quattroporte. 46K miles, $23,000 with all the modern accessories and very fast. These kinds of cars are one reason that 928 DD values can't really go up much.
I wound up entering the Maserati world and bought a 2005 Quattroporte. 46K miles, $23,000 with all the modern accessories and very fast. These kinds of cars are one reason that 928 DD values can't really go up much.
#37
Rennlist Member
I think the difference in 2010 is that you were getting opinions from other 928 owners about milage/value. I believe what we saw in 2016 is that the non-928 car collectors started sniffing around to see what all the fuss was about. And those people value low mileage/rare optioned cars. They have no knowledge yet about 928s hitting their stride at 100k miles. They are collectors and are looking for a car that will appreciate in value the quickest and those cars are always low milers or rare examples. It's these cars that 6 years ago may have fetched in the mid 20's but now are getting mid 30's to low 40's. The higher mileage 928s will appreciate if the lower mileage ones continue to sell for strong money. I don't know this but I suspect that high mileage 911s haven't appreciated at nearly the rate of low milers.
I read that in the 911 world that today high mileage examples needing lots of work are gaining in value. What a paradigm shift it will be when you put 20K into a 20K 928 and it's worth 60K. That is when the collectors will really take notice. Only us nuts with rose colored glasses are willing to loose money to put one back on the road. This may be why values have not risen as there are many of us getting these up to snuff and losing on the back end.
#38
Rennlist Member
Well I am not quite out of the shark tank yet, but trying I guess. I found that a super-old car was not practical for upkeep anymore so I wanted a much younger car that would put my 928 to shame in the bargain.
I wound up entering the Maserati world and bought a 2005 Quattroporte. 46K miles, $23,000 with all the modern accessories and very fast. These kinds of cars are one reason that 928 DD values can't really go up much.
I wound up entering the Maserati world and bought a 2005 Quattroporte. 46K miles, $23,000 with all the modern accessories and very fast. These kinds of cars are one reason that 928 DD values can't really go up much.
#39
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As for the interior pleasures, there is no contest. The Gran Sport is nice but has a pretty spartan interior with lots of fabric everywhere. The Quattroporte is where the cows come home, or at least, their skins. It is all hand-stitched Poltrona Frau leather, it honestly makes the stock leather of the 928 seem like cardboard by comparison. They use some kind of 20-step tanning process that makes the leather feel like butter.
#40
Administrator - "Tyson"
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Maybe we shouldn't get so hung up on value. Here is another way to look at it from an economics standpoint.
Has interest / demand for 928's risen over the last 2-4-6-10 years? Absolutely.
Has supply gone up? Nope, in fact supply continues to go down.
In this scenario the chances of overall values to go down is unheard of unless there is some other underlying economic issue at play, like the economy crashing.
Yes I read the other thread you referenced. You are hanging a lot of your comments on what random people said in a forum 7 years ago. Within the context of this discussion, frankly that's all irrelevant.
What is relevant are comps, here is one:
http://www.barrett-jackson.com/Event...OR-COUPE-89615
1989 Automatic with 84k miles sold for $12,100
Another from 2011 (Mechum doesn't have any 928's sold before 2011):
https://www.mecum.com/lots/SC0511-10...9-porsche-928/
1989 Automatic with 85k miles sold for $13,000
RM Auctions, 2009 not the best comparison, it's all they have:
http://www.rmsothebys.com/ts09/class...4-coupe/344055
Limited info.... 88 S4 sold for $8,250 in 2009. Anyone familiar with RM knows they do not typically sell "project" car so it's safe to assume it's somewhat nice.
Bottom line is you got a really nice car in 2010, but your experience is not the end all / be all of 928 values. You can come up with all the anecdotal evidence you want, that doesn't change the fact that interest in the 928's are rising, and that doesn't typically go along with falling, depreciating values.
Has interest / demand for 928's risen over the last 2-4-6-10 years? Absolutely.
Has supply gone up? Nope, in fact supply continues to go down.
In this scenario the chances of overall values to go down is unheard of unless there is some other underlying economic issue at play, like the economy crashing.
Yes I read the other thread you referenced. You are hanging a lot of your comments on what random people said in a forum 7 years ago. Within the context of this discussion, frankly that's all irrelevant.
What is relevant are comps, here is one:
http://www.barrett-jackson.com/Event...OR-COUPE-89615
1989 Automatic with 84k miles sold for $12,100
Another from 2011 (Mechum doesn't have any 928's sold before 2011):
https://www.mecum.com/lots/SC0511-10...9-porsche-928/
1989 Automatic with 85k miles sold for $13,000
RM Auctions, 2009 not the best comparison, it's all they have:
http://www.rmsothebys.com/ts09/class...4-coupe/344055
Limited info.... 88 S4 sold for $8,250 in 2009. Anyone familiar with RM knows they do not typically sell "project" car so it's safe to assume it's somewhat nice.
Bottom line is you got a really nice car in 2010, but your experience is not the end all / be all of 928 values. You can come up with all the anecdotal evidence you want, that doesn't change the fact that interest in the 928's are rising, and that doesn't typically go along with falling, depreciating values.
#43
Administrator - "Tyson"
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#44
Three Wheelin'
It's also important to remember that, along with ownership privilege, come immense responsibilities....
also, on my death bed, I receive...total consciousness, so I got that going for me...which is nice.
also, on my death bed, I receive...total consciousness, so I got that going for me...which is nice.
#45
Rennlist Member
Was that a Porsche 928 dealer option or did you get that direct from the Dalai Lama?