cobalt

kkswow12

like it or not, in the end, we are all on the same side..

Vegas993

But it's got $4k in receipts!

misterbeverlyhills

Not sure what that means, maybe mine was a poor attempt at humor.

Ralph3.

Not even a start..

Noah930

Too bad those receipts are from the 1990s.

kkswow12

i spend most of my time reminding myself of the impermanence of all of this, just thought i would say it aloud....AND, no offense or derision intended.. y'know, just wanna have some fun

hexagone

Just passed on a 1990 964 with torn sport seats, red, D90s, 150k or so miles and a semi recent rebuild for $47k, also needed paint that was posted for all of 15 minutes on bay area CL (who had a number of offers above asking - $40). Look for the car to be back up at 50.

Just impossible to justify the value of this nowadays even with some means - exactly like buying a house in SF or Vancouver or Toronto.

titleistaddict87

I saw that ad as well. It is also a C4 and totally agree that values are difficult to assess in this climate.

JAB12

Was $47K the cost of the engine rebuild or the asking price of the car. At either price $40 or $47 despite being C4 I am sure it is gone by now. Those are 2017 prices for Coupes. 964s are in extinction.

titleistaddict87

Original craigslist ad asking price was $42k for the car. Didn't say price of the engine rebuild.

hexagone

Eh, I’m a person that wants to drive the hell out of my cars without worrying about them being frail. Think of it as wanting my cake and eating it too.

a 47k 964 that easily needs another $10k puts me in a territory where value is thrown out the window.

At close to $60k there are no shortage of other Porsches that I’d enjoy more while flinging cash at other projects - including the two 997.2s I have here which are soon enough going to be out of basic reach for most people as they keep going up in value.

someone relatively new to the scene who really wants one (many do) and has no shortage or cash or time to devote to one - yes they’ll want to scoop up any and all 964s. The average Porsche owner of the last decade is probably a bit more jaded with the insanity of all the speculative pricing and irrationality of the market.

the amount my cars would be worth today are not at all what I’d pay for them in terms of “value”. Same with the home analogy - someone that bought into a particular area 15 years ago is very likely to not be able to afford or find value at today’s pricing. Sure, there is the ability to cash out and then the only option is to move down market.

hope whoever got this car is happy or it doesn’t end up with a veneer level refurb and commands 65k, but this is likely - just like the many homes I see on the market with cheap materials that are only photo, but not live-in-worthy.

/endrant

hexagone

it was $40k when the first ad was up for 15 min and I reached out. Got pulled down, price increased. Guy reached out and said he’d put it back up at 50 after getting several above asking offers.

JAB12

I understand where you are coming from and I respect it. I too, hope that example ends up in the hands of an enthusiast, if not, we will see it soon at about a +30% ask.

rsabeebe

those torn sport seats are just a shame! how do you let it get that bad?

those are fantastic seats to have, though.