Air Cooled Prices Through the Roof - Panorama
#35
You know, I don't look at this as good on any level. I didn't buy the car as an investment, I bought it to enjoy it. Because the value is rising I have to think more about insurance, pay higher premiums for higher coverages, be more concerned about theft, etc. And our sport / hobby is being negatively impacted and the barrier of entry is higher, keeping more enthusiasts out of the market. All for what - so some speculators can score or investors / collectors can add one more car to their private rarely driven or seen stable?
I always loved how up until a few years ago anybody with $15-20k could buy and enjoy an air cooled "driver"...
I always loved how up until a few years ago anybody with $15-20k could buy and enjoy an air cooled "driver"...
I bought my first Porsche, an SC, about 13 years ago. A nice driver for $12,000 that I drove the **** out of, tracked it and didn't worry (too much) about where I parked it, etc. It was a great introduction for me into a car that I'd dreamed about since I was a kid.
Will 991s ever be affordable enough for the enthusiast to DIY? I don't have any interest in ever owning a 991, just doesn't do anything for me. Are there kids today dreaming of 991s?
#36
There's a simple, mechanical, tangible pleasure in touching and using them both....therossinator
Last edited by Rinty; 05-17-2014 at 02:15 PM.
#37
I've owned a few air-cooled Porsches...wish I would have kept them all. They were priced reasonably low enough to get into.
I still own an air-cooled Porsche and don't have intentions of getting any other kind. As stated on a previous post...I'm glad that it has kept its value and that its value has risen, but with the prices skyrocketing, I just want to be able to get parts at a decent price to keep it on the road.
As I don't have the article which has been referred...are those the prices of cars that have actually sold?
#38
I have been enjoying this process for over 19 years-I never worry about things just keep the car in pristine order. I always start on the first turn and always delivers a smile. Build date 2/94 with 62k on the clock. Nothing is more sad than a nice car sitting! These cars are made to drive and do not like sitting for long! I have been offered way more than it is worth but still not budging!
#39
Don't forget about a little thing called inflation. Anyone priced a loaded Chevy Suburban lately? The price for the 2015 is $75k! A millionaire is not what it used to be. Why would we think that a air cooled Porsches would not at a minimum keep up with inflation with less and less on the market and more people wanting them?
Jake
Jake
#41
I think that it is important to note that the big run up in prices consists primarily of the "collector grade" cars (i.e., <40,000 mile C2S, C4S & Turbo for the 993s; America Roadster, '94 Widebody C4, Speedster, RS America and Turbo for the 964s). Those cars are up by 30-60% (or more) over the last 24 months. Your average, run-of-the-mill >100,000 mile narrow body 993 or 964 has maybe upticked a few thousand dollars, but in reality, it's hard to distinguish that from ordinary variance in price among 911s of the same model/year/mileage due to condition.
#42
Many years ago and old collector car dealer told me that the price of the collectables (not the run of the mill "old car") always mirrors the pricing of a comparable new car. This looks to be proving true for the 993 as it did for the mid year Corvette.
#43
I think that it is important to note that the big run up in prices consists primarily of the "collector grade" cars (i.e., <40,000 mile C2S, C4S & Turbo for the 993s; America Roadster, '94 Widebody C4, Speedster, RS America and Turbo for the 964s). Those cars are up by 30-60% (or more) over the last 24 months. Your average, run-of-the-mill >100,000 mile narrow body 993 or 964 has maybe upticked a few thousand dollars, but in reality, it's hard to distinguish that from ordinary variance in price among 911s of the same model/year/mileage due to condition.
Four years ago, those "collector grade" 993's were $50-60, now they're $75-90K. Today, a 100K mile wiebody, a driver, good records, and condition...is a low to mid $40K car. I wouldn't sell my 100K mile C4S, dirty carfax, paintwork and all...for less than $42K-without the HB Sport Seats and Tramont's naturally at that price.
The market has clearly spoken as far as I can tell, ALL 993's have risen double digit percentages the last couple of years. The pristine ones the most, but all have folowed suit to some degree.
#44
Mine is very similar but with a lot less mods/upgrades. 97 C4S 164kms driver with new paint. I would have a hard time letting it go in the low 40s.
Check out this C4S for sale in Canada. The first one I have seen for sale here in a long time:
96 C4S, 137kms, rebuilt motor and transmission, sport seats, respray, nicely optioned. $65k CDN
http://www.autotrader.ca/a/Porsche/9...howcpo=ShowCPO
Check out this C4S for sale in Canada. The first one I have seen for sale here in a long time:
96 C4S, 137kms, rebuilt motor and transmission, sport seats, respray, nicely optioned. $65k CDN
http://www.autotrader.ca/a/Porsche/9...howcpo=ShowCPO
#45
I remember when the 73 911 RS starting to go over $100K. People were astonished. The magazines pointed towards the 72-73 911S as a very affordable alternative. Then they started to rise. The magazines then said choose the 911E, but don't worry, the 911T's will never be part of the 'bubble'. They made too many and they weren't the 'performance' model. Now look where the 911T's are in the market. I should have bought one when I had the chance.
This is why I won't sell the 964 anytime soon. The window to own an affordable air cooled car in decent shape is closing. Of course, I just saw a 996 for $17K in great shape....not aircooled but still a 911.
This is why I won't sell the 964 anytime soon. The window to own an affordable air cooled car in decent shape is closing. Of course, I just saw a 996 for $17K in great shape....not aircooled but still a 911.