Values of 951s plumeting??
08-13-2010, 09:08 PM
#16
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
That is the same factor that does the most damage to resale values. MANY of the people who buy these cars are either young and semi-broke, or just semi-broke. They buy cheap, but can't afford to OWN the car. The result is that there are far too many examples of 951's being treated like **** and falling into disrepair. At some point, those cars will be canabalized and the parts will end up as our replacements, but until that time, we will see almost zero appreciation, from current prices.
08-13-2010, 09:22 PM
#17
That is the same factor that does the most damage to resale values. MANY of the people who buy these cars are either young and semi-broke, or just semi-broke. They buy cheap, but can't afford to OWN the car. The result is that there are far too many examples of 951's being treated like **** and falling into disrepair. At some point, those cars will be canabalized and the parts will end up as our replacements, but until that time, we will see almost zero appreciation, from current prices.
08-13-2010, 09:45 PM
#18
Drifting
911tt cars that were selling for 80K four years ago and now around 40K. The last of the air cooled 911 TT cars are holding up better.
A friend just purchased a Vanquish for $75k. These were going for close to $200k four to five years ago. This recession hit all sports cars hard.
The issue with these 951 cars is the entry fee is cheap for many, but the cost of just a clutch and new brakes can be half the actual value.
Driving a well sorted 951 is as much fun as any car I've driven. Maintaining a Porsche is expensive, no matter the model.
A friend just purchased a Vanquish for $75k. These were going for close to $200k four to five years ago. This recession hit all sports cars hard.
The issue with these 951 cars is the entry fee is cheap for many, but the cost of just a clutch and new brakes can be half the actual value.
Driving a well sorted 951 is as much fun as any car I've driven. Maintaining a Porsche is expensive, no matter the model.
08-13-2010, 09:55 PM
#19
Instructor
Join Date: Aug 2009
Location: Nittany Lion Country
Posts: 135
Likes: 0
Received 0 Likes
on
0 Posts
I guess its also the luck of the draw. I've been lucky with the 4 I've bought. Nothing critical with them and they run great. 2 951's a 99 Boxster & and 84 928 and all are in pretty good condition. Yeah, most need some a lot of time with the cosmetics, but the engines and handling are all in top shape.
08-14-2010, 12:53 AM
#20
Advanced
Join Date: Feb 2010
Posts: 70
Likes: 0
Received 0 Likes
on
0 Posts
I'm selling mine currently, and the market right now is enough to make a grown man cry (assuming said man is selling, not buying). I can't speak for everyone else, but in my case, it really is just a need to re-prioritize a limited budget. So I'd say yes, it probably is a sign of the current economy.
08-18-2010, 03:40 PM
#22
Rennlist Member
MANY of the people who buy these cars are either young and semi-broke, or just semi-broke. They buy cheap, but can't afford to OWN the car. The result is that there are far too many examples of 951's being treated like **** and falling into disrepair. At some point, those cars will be canabalized and the parts will end up as our replacements, but until that time, we will see almost zero appreciation, from current prices.
Keeping a 951 in the thick of a recession is a lot easier to justify than just about any other Porsche that is comparable performance wise.
