How do you value these things?
#1
How do you value these things?
Pardon the re-post but the question got lost in another thread and I am curious to your respective opinions onthe value of one of these turbos high meleage VS low. Take for example, a 94 3.6 T with say... 50,000 miles VS one with 18,000. The low mileage cars (high teens low 20's) seem to be going at 80 or 83 as two kind Rennlsiters PM'd me...so curious what a fair price is on a 1994 3.6 with the higher mileage. I wish to have a frame of referance at lest when chatting with vendors about their potential sales. The 50K mileage guys see the big numbers with the low mileage cars yet to me anyway not prepared to admit they are simply not the same offering. I know they are rare but man if 80K keeps popping up, some of these cars are sure to be considered for sale..? When you dropping that kind of dough on what is essentially a third (maybe fourth car) would it not be logical that a whole bunch of options come into play for a weekend toy when you are considering $ 80,0000! I mean - who has that kind of money?? Perhaps its just me that wonders this. How many 'collectors' with 80G's out there. Sorry multiple questions - just boggles my mind.
#2
OD,
Your price estimation is a bit off as are the people's opinions who PM'd you. RPM just sold (this week) a 1994 turbo 3.6 with 21,000 miles for north of $130,000. This is a large sum for a US sale (if the car actually stayed in the US) but fairly typical when you consider the global market (thats what you are dealing with). I would say a 50,000 mile car may sell close to the $75-80,000 mark if the condition is spot on. Recent transactions on clean 3.3 turbos are north of $60,000. The 964 market on both NA and turbo cars is through the roof. 964T's will soon out price 993TT's. Frankly, I think they already do. 993TT's never seem to sell, there is a disconnect between what sellers want and what buyers are willing to pay for them. This is not the case with the 964T market.
Craig
Your price estimation is a bit off as are the people's opinions who PM'd you. RPM just sold (this week) a 1994 turbo 3.6 with 21,000 miles for north of $130,000. This is a large sum for a US sale (if the car actually stayed in the US) but fairly typical when you consider the global market (thats what you are dealing with). I would say a 50,000 mile car may sell close to the $75-80,000 mark if the condition is spot on. Recent transactions on clean 3.3 turbos are north of $60,000. The 964 market on both NA and turbo cars is through the roof. 964T's will soon out price 993TT's. Frankly, I think they already do. 993TT's never seem to sell, there is a disconnect between what sellers want and what buyers are willing to pay for them. This is not the case with the 964T market.
Craig
#4
My 1993 Turbo 3.6 has 62,000 miles on the clock, an average not much above 3,000 per year. My 2001 996TT has 96,000 miles, a far higher average.
I struggle to classify the Turbo 3.6 as high mileage, whereas the 996TT is getting there. I suppose it's in the eye of the beholder.
Mean Machine gave you a real world data point, which suggests a 50% premium for a garage queen. It sounds about right. Lucky for you that you're not RHD, as that would see you closer to USD 120,000 for a high mileage example.
I struggle to classify the Turbo 3.6 as high mileage, whereas the 996TT is getting there. I suppose it's in the eye of the beholder.
Mean Machine gave you a real world data point, which suggests a 50% premium for a garage queen. It sounds about right. Lucky for you that you're not RHD, as that would see you closer to USD 120,000 for a high mileage example.
#6
Unfortunately, the market is driven by overseas demand. People like RPM and MCG in Ohio have found that European buyers will pay >100K for a clean, low-average miles (20-40K) example 3.6T. If you find one for 80K with less than 60k miles jump on it! A couple have come up in the last six months and at that price are sold almost immediately. Certainly a far cry from 3 years ago when you could find a 30k example for low 60s fairly easily.
#7
In this time of debasing paper money , real items of value appreciate . Add to that
The rising awareness of the quality and rarity of these cars. They are behaving like gold
Only a lot more fun to own. All praise to the mighty Ben Bernanke for keeping this Great
Ponzi world on the highway to hell.
The rising awareness of the quality and rarity of these cars. They are behaving like gold
Only a lot more fun to own. All praise to the mighty Ben Bernanke for keeping this Great
Ponzi world on the highway to hell.
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#9
The 964 Turbo 3.6 is one of my favourite cars of all time along with the Ferrari F40, F355 and 928 GTS. If I had the newest and fastest super cars it still wouldn't erase the memories of me when I was young writing a list of cars that someday when I become successful I would treat my self to.
Over here in Kuwait I could drive for months till I stop at a traffic light and bump into another 964 or a Turbo 3.6. The newest cars are a dime a dozen here and more people are buying 997 TT's(very common).
I rarely see a 964 or 993 here.
Over here in Kuwait I could drive for months till I stop at a traffic light and bump into another 964 or a Turbo 3.6. The newest cars are a dime a dozen here and more people are buying 997 TT's(very common).
I rarely see a 964 or 993 here.
#10
There are 12 Turbo 3.6 in New Zealand. It's a small country and most are in my home town, Auckland, so I will see them more often than you, but it's still special.
FWIW: Yesterday I had the chance to drive my ca for the first time in 4 months. Wow, it is tight and the power makes it so tractable. A truly special car.
FWIW: Yesterday I had the chance to drive my ca for the first time in 4 months. Wow, it is tight and the power makes it so tractable. A truly special car.
#13
I agree with what you said, recently a midnight blue 3.6 sold for $100,000 and it has 54k miles and the most affordable was the Rennlist member who has the Wimbledon green 3.6 that sold I believe for around the 77k range.
I think today the entry ticket for 3.6 prices are around the mid 80k range (not for long) and I've seen newer cars listed are around 92k and above.
#14
Real 505 cars in immaculate condition will bring 60-75k right now and 100k within 5 yrs. There are a lot of fakes out there which tends to tamponade the market a bit, but after the 3.6 craze 505/6s will be the next "thing".
I had a chance to buy a black 3.6 34k miles two yes ago for 76, I balked, same car has been sold and resold for 90k and 110k back to the fatherland.
I firmly believe the international market is driving the aircooled turbo craze.
I had a chance to buy a black 3.6 34k miles two yes ago for 76, I balked, same car has been sold and resold for 90k and 110k back to the fatherland.
I firmly believe the international market is driving the aircooled turbo craze.
#15
I agree specifically fom Germany, some parts of Europe and Middle East.
I believe by next summer possibly the 3.6 market will start from 100k as less u.s cars available in the market in North America and exported to row.
I believe by next summer possibly the 3.6 market will start from 100k as less u.s cars available in the market in North America and exported to row.