Sports Car Market note
08-11-2008 | 11:41 AM
#2
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From: Connecticut
Wow, that's great. Was it Keith Martin or Jim that wrote the article? years ago Keith Martin wrote some "not so nice" things about the 968. i wrote to Jim, who was their porsche specialist, and he agreed that the 968 was a great car and that Keith was wrong.
08-11-2008 | 12:50 PM
#3
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I forget, but I'll check tonight; I meant to bring the mag to work but left late without it. I remember you getting wound up about that; funny thing, considering how Martin always trumped Alfa Romeo's for so long.
08-12-2008 | 09:16 AM
#5
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Jim Schrager wrote: 1992-1995 Porsche 968 Cabrio
Price Range: 18,000-30,000
Ultimate dereivation of the 924/944 mass market models, this is one heck of a good car, with superb performance and great styling. Proves, along with the 928 GTS, that Porsche can engineer a great car that isn't rear engined.
Price Range: 18,000-30,000
Ultimate dereivation of the 924/944 mass market models, this is one heck of a good car, with superb performance and great styling. Proves, along with the 928 GTS, that Porsche can engineer a great car that isn't rear engined.
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08-12-2008 | 11:34 PM
#8
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Joined: Sep 2007
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From: White Haven PA
I'm finding that most everyone looking to buy a 968 coupe these days thinks we want to dump our cars for a next-to-nothing price and be greatful an offer was even tendered. Why is desperation implied when a car is put up for sale?
08-13-2008 | 09:54 AM
#9
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From: Mile High
That's for sure! 
When my first S2 was stolen in '03 Jim spent a good half hour on the phone with me. His advice helped me get another 5k out of Geico.
I spoke with John Draenas for quite a while as well. He took the letter i wrote to SCM thanking Jim for his time and turned it into a great legal files article.
I think it is more a reflection of the market. If i buy your car for say 10,000 and take out a home equity loan, I will be paying interest, plus the insurance, plus storage of my car that i have to get rid of. That may take a year.
To minimize my loss i am offering less, hoping i can fire sale my car to buy yours.
It is a slippery slope. If I knew i could sell my car for say $7,000 and it would cost me $3,000 to do the deal it would be easy. But my car and $3,000 in this market could be my car and $5,000 so instead of offering you $10,000 i offer you $8,000. There are no buyers out there.
When my first S2 was stolen in '03 Jim spent a good half hour on the phone with me. His advice helped me get another 5k out of Geico. I spoke with John Draenas for quite a while as well. He took the letter i wrote to SCM thanking Jim for his time and turned it into a great legal files article.
To minimize my loss i am offering less, hoping i can fire sale my car to buy yours.
It is a slippery slope. If I knew i could sell my car for say $7,000 and it would cost me $3,000 to do the deal it would be easy. But my car and $3,000 in this market could be my car and $5,000 so instead of offering you $10,000 i offer you $8,000. There are no buyers out there.
08-13-2008 | 10:35 AM
#10
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To follow Tom, it's not just 968 coupes that are getting hammered-everybody is lowballing, unless you have something really rare and desirable-like the James Coburn Ferrari that sold for north of $10,000,000.
