price check, 964
#1
Racer
Thread Starter
price check, 964
been in the market a little while, still can't really buy until this coming summer unless a crazy deal comes along , just trying to understand this market , last week a 1989 c4 on BAT that seemed a bit tattered with 100,000 miles and needed a lot of work sold for $55,000 any idea why? When i'm seeing cars like these being offered at the same price?
here is a 90 c4 just posted by terek on pelican and from the looks of the video the car is way nicer than the blue one on BAT
here is a sweet colored mid night blue that bammer posted also on pelican for $49,000, again way nicer than the one on BAT
http://forums.pelicanparts.com/porsc...-metallic.html
so what is the deal? was the 89 BAT car just an anomily or an inside bid? or are these cars flying in price and by the time i'm ready i'll be paying $75,000 for a C2 coupe? lol
here is a 90 c4 just posted by terek on pelican and from the looks of the video the car is way nicer than the blue one on BAT
here is a sweet colored mid night blue that bammer posted also on pelican for $49,000, again way nicer than the one on BAT
http://forums.pelicanparts.com/porsc...-metallic.html
so what is the deal? was the 89 BAT car just an anomily or an inside bid? or are these cars flying in price and by the time i'm ready i'll be paying $75,000 for a C2 coupe? lol
Last edited by 997Pilot; 01-31-2019 at 05:12 AM. Reason: wrong link
#2
Rennlist Member
964s are selling for 40K to 60K depending on condition, millage, previous work done etc... They are the last of the air cooled that look like all the 911's that came before, so they are appreciating in value.
Keep looking.
Keep looking.
#3
Rennlist Member
If you can figure out the mindset of the 964 or any air cooled 911 buyer please let us know. I have been helping people buy these cars for years and everyone has their own list of needs and wants. Some want all original paint others mechanically sound, others rare options, and others will pay up for a perfect needs nothing car. Don't forget the $55k for the blue BaT car doesn't include the 5% fee. Someone clearly wanted the unique options of the blue car with sport seats, a rare color combo and obviously didn't see the leak down as an issue. The midnight blue car sold in less than 2 days and I suspect Tarek's car won't last long.
The C2's have gone ballistic with decent examples with few needs easily reaching $80k or more and most any 964 coupe in the $55k range will have needs. As stated in his add the white car will be sold with MM Cup I's and have a couple of things needing to be addressed. It would seem he is taking the needs into consideration and is pricing the car accordingly. I assume if it had fewer needs the price would be higher.
I know one of the buyers of a 90 C2 coupe purchased for roughly $50k on BaT. The car will need $30-40k in repairs possibly more and it will only be a so/so example when done. Figure you will be into any coupe for at least $60k if you want a car that needs nothing and most likely it will have been resprayed partially if not completely. You have to look closely at each car and can't compare one to another. Also many of these cars are selling with early engines needing TSB 9404 addressed and you could be looking at as much as $25k for that repair unless you know a mechanic or are a good DIYer.
The C2's have gone ballistic with decent examples with few needs easily reaching $80k or more and most any 964 coupe in the $55k range will have needs. As stated in his add the white car will be sold with MM Cup I's and have a couple of things needing to be addressed. It would seem he is taking the needs into consideration and is pricing the car accordingly. I assume if it had fewer needs the price would be higher.
I know one of the buyers of a 90 C2 coupe purchased for roughly $50k on BaT. The car will need $30-40k in repairs possibly more and it will only be a so/so example when done. Figure you will be into any coupe for at least $60k if you want a car that needs nothing and most likely it will have been resprayed partially if not completely. You have to look closely at each car and can't compare one to another. Also many of these cars are selling with early engines needing TSB 9404 addressed and you could be looking at as much as $25k for that repair unless you know a mechanic or are a good DIYer.
#4
Burning Brakes
FWIW folks will generally pay more for what they want. I know I did. I wanted a C2 Coupe Tip which it turned out are pretty hard to find. (At least at that time.) Although I was unwilling to go more than about 500 miles to buy one, I looked nation and even world wide to see what was out there for sale. There weren't any. I finally found one that I was sort of interested in but thought it was over priced. I kept looking. And looking. And looking. Nothing. I finally decided I needed to go look at the one I saw on line in person. While it was nicer in person than I expected, it was still over priced in my opinion and seller would not budge. At the time I knew of zero other C2 Coupe Tips for sale and hadn't seen any in the previous six months so it wasn't like I could just go buy one of the others. My choice was to buy this one and enjoy it or keep waiting and hoping to find another while prices continued to rise. I chose to buy this one. I felt and still feel like I paid about $8,000 too much for my car. However, I am confident I could get my purchase price out of it. Of course that would not come close to covering the $$$ I have put into it. But it doesn't matter because it is not for sale.
So as Cobalt said, seeing something sell for $55K doesn't mean it was worth $55K to everyone, just that one person. I am confident that that most folks wouldn't even consider buying a Tip at any price. I'm OK with that, I like mine. A lot!
So as Cobalt said, seeing something sell for $55K doesn't mean it was worth $55K to everyone, just that one person. I am confident that that most folks wouldn't even consider buying a Tip at any price. I'm OK with that, I like mine. A lot!
#5
Rennlist Member
Pricing is crazy all over the place these days. but i will say Tarek white c4 is pretty clean. i wouldn't hesitate taking a look at that one, especially if you are local.
#6
Instructor
been in the market a little while, still can't really buy until this coming summer unless a crazy deal comes along , just trying to understand this market , last week a 1989 c4 on BAT that seemed a bit tattered with 100,000 miles and needed a lot of work sold for $55,000 any idea why? When i'm seeing cars like these being offered at the same price?
#7
Burning Brakes
IMHO the fact that the pricing in the 964 market is all over the place makes sense.
It is not like buying an used 2017 Honda Civic where one can find multiple versions of the exact colour, model, mileage, options that they want.
If and when you find a 964 that matches most of your checklist what is the likely hood of finding another one to compare pricing with and know that if you don't buy this one another will come along.
It is not like buying an used 2017 Honda Civic where one can find multiple versions of the exact colour, model, mileage, options that they want.
If and when you find a 964 that matches most of your checklist what is the likely hood of finding another one to compare pricing with and know that if you don't buy this one another will come along.
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#8
Three Wheelin'
C2 Coupe 5spd market is crazy. A 94 Coupe would bring roughly a 25% - 30% premium over this Cab these days (apples to apples).
https://bringatrailer.com/listing/19...a-cabriolet-3/
https://bringatrailer.com/listing/19...a-cabriolet-3/
#9
Rennlist Member
C2 Coupe 5spd market is crazy. A 94 Coupe would bring roughly a 25% - 30% premium over this Cab these days (apples to apples).
https://bringatrailer.com/listing/19...a-cabriolet-3/
https://bringatrailer.com/listing/19...a-cabriolet-3/
#10
Three Wheelin'
#11
How much people are willing to pay for a common red 160k miles 92 c2 couple with original engine(runs strong), no accident, super clean, mostly original paint and a lot of bits replaced/upgraded? I alway see buyer looks down on high miles cars. They would rather buy something with less miles but with far larger list of items that needs attention for much higher price.
#12
Rennlist Member
Porsche people don't seem to be scared about mileage , as long as its been maintained with OEM parts or better. Lower mile cars as some know have more issues than higher mile cars, I a car in motion... stays in motion..
#13
Rennlist Member
You guys shouldn't hesitate to look at the 2 964s Tarek has for sale. Both are nice cars. The c2 may be one of the best driving 'mostly stock' cars I've driven in a while. The c4 also drives really nice.
#14
I am with you I love my C2 Tip 😎👍
#15
Rennlist Member
It is easy to get taken. Even back in the early 2000's it wasn't all that easy to find clean examples. Prices were far lower and cars a lot newer. More and more I am seeing people buying cars with needs and miles cheaper and redoing everything so they know what they have without any skeletons. These cars will go on forever if properly maintained. Just don't add up the receipts.