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jorian's Avatar
 
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Cars for Sale Forum – They don’t list em’ like they used to

Anyone else disillusioned looking through there? I used to love looking at the forum when things were still… reasonably priced.

Even though I think we are past “Peak Porsche”, prices are still astronomical. For decent examples, G-50’s are getting $60K+, 993’s are $75K, 914’s are getting $40K+, hell even the lowly middies (74-77 narrow body) are asking $50K in some instances (I remember these being $7500-$10K all day). Forget about any nice longhood under $100K. Hotrods are regularly listed for $100K+. trader220 has a RSR recreation in there for $240K. I hope he gets it but I’ll bet the buyer won’t come from our ranks. A 356 is listed for $895K…

Lots of new sellers/dealers in there with no real connection to the site other than a car for sale.

I used to look at the forum and think about the logistics. The PPI, negotiating a deal, buying the car, shipping it home and eventually selling it after a spell. With prices so out of reach I don’t really go in there anymore. I miss the old days…
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I have never really completely understood anything.
Old 01-13-2019, 08:03 PM
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You're not the only one. Find another marque. Don't play with stupid.
Old 01-13-2019, 09:02 PM
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Nice guy eddie
 
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It's gotten so boring.
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-- Gabriel byrne
Old 01-13-2019, 09:50 PM
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Quote:
Originally Posted by Zeke View Post
You're not the only one. Find another marque. Don't play with stupid.
Bingo. Easy for me to say. At my age, 75, I've probably bought my final car. At 10 years old, 29,000 trouble free miles, it should hang in there for the remainder of my driving time.

Trust me, there is life after Porsche ownership...actually one with less hassles.
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Last edited by pwd72s; 01-13-2019 at 10:24 PM..
Old 01-13-2019, 10:19 PM
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Getting and asking are two different things. Still, those disillusioned souls and dealers ruin it for the average guy. I looked at and bought water cooled cars, but speculators are ruining it, too. $50k-$60k for a G50? I'll look at a Maserati or Ferrari.
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Old 01-13-2019, 10:25 PM
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A car I wish I had not sold is going up for sale soon. I’d love to buy it back, but for over twice what I sold it for?
Old 01-13-2019, 10:48 PM
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I'm glad I got a chance to own an SC followed by a 964 back in 2006-2010.
I pretty much broke even when I sold them and really enjoyed driving them as they were designed.
The SC was $12,000 and the 964 was $20,000...They're like triple that now! Crazy!!

I'd love to have another sports car someday, but with a five year old and a twelve year old it doesn't make sense.
If I had the space and the money I'd be after a 944S2...I can see those skyrocketing in value soon.
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Old 01-14-2019, 12:08 AM
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Several factors involved.

My advice, just change to something the investors aren't into.
Old 01-14-2019, 01:42 AM
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Agreed, they are beyond “fun toy” prices for me. I really like my RX8 and would consider picking up a first or second generation RX7 if I found the right one. Or maybe a Z32 300ZX TT. Lots of fun stuff still out there for reasonable prices, but most of them aren’t Porsches. The Boxster is a noteworthy exception, that’s a lot of car for the money.
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Old 01-14-2019, 02:22 AM
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Quote:
Originally Posted by 911boost View Post
A car I wish I had not sold is going up for sale soon. I’d love to buy it back, but for over twice what I sold it for?
As a trader I can tell you this..... what you own a position for or what price you sold the a position into has NO bearing on the price of the market. The only question is whether or not you want to be long or short at todays price.
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Old 01-14-2019, 07:19 AM
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Former Options Trader !!!
 
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Quote:
Originally Posted by jorian View Post
Anyone else disillusioned looking through there? I used to love looking at the forum when things were still… reasonably priced.

Even though I think we are past “Peak Porsche”, prices are still astronomical. For decent examples, G-50’s are getting $60K+, 993’s are $75K, 914’s are getting $40K+, hell even the lowly middies (74-77 narrow body) are asking $50K in some instances (I remember these being $7500-$10K all day). Forget about any nice longhood under $100K. Hotrods are regularly listed for $100K+. trader220 has a RSR recreation in there for $240K. I hope he gets it but I’ll bet the buyer won’t come from our ranks. A 356 is listed for $895K…

Lots of new sellers/dealers in there with no real connection to the site other than a car for sale.

I used to look at the forum and think about the logistics. The PPI, negotiating a deal, buying the car, shipping it home and eventually selling it after a spell. With prices so out of reach I don’t really go in there anymore. I miss the old days…
I think your prices are a bit inflated.

You can buy a decent G50 for less than 60 grand.
You can buy a 993 for less than 75 grand.
There are plenty of nice 914's for less than 40 grand, a lot less.
People can ask 50 grand for a match box if they like, it does not mean they sell there.

I agree, this hobby was a lot more fun when these cars didn't cost so much.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 01-14-2019, 07:24 AM
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Quote:
Originally Posted by trader220 View Post
As a trader I can tell you this..... what you own a position for or what price you sold the a position into has NO bearing on the price of the market. The only question is whether or not you want to be long or short at todays price.
It is difficult for people to break the emotional perspective of "what I coulda had it for".

However, there is also "What I could buy today instead at present market prices".

I think for some of us these cars were once more valuable to us then the market prices. In our perspective we were getting a bargain. Now others recognize how nice the 911 is, and the prices corrected. Then investors got involved during times of little economic option and near zero interest rates, and the supply did not meet the demand. Now the investors are looking for other economic interests that have become available. The market is correcting.

Frankly the 911 has always been special, the prices of the early 2000's are far more remarkable that they were that low than the much higher prices of today.
Old 01-14-2019, 07:42 AM
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Quote:
Originally Posted by Tervuren View Post
It is difficult for people to break the emotional perspective of "what I coulda had it for".

However, there is also "What I could buy today instead at present market prices"
Therein lies my issue. I have a nice G50 coupe with 68k miles on it. I rarely use it, but the times I do I really enjoy it. I am sure I could get $50k maybe a little more for it but what would I replace it with? The other cars I would consider have all gone through the same price appreciation and when I look at the market price, I don't want to own them at these prices.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 01-14-2019, 07:49 AM
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The difference with specialty sites like this is folks who list here sometimes think too highly of their car and price them according to their perception.

G50s, while no longer $20K cars, can be had for $40K or less. 993s are unfortunately in the $50K to $60K range, though I see the occasional $45K one with high miles, or is a 'matic Targa. And this is Craigslist here, which also has a "San Francisco Bay Area" premium...
Old 01-14-2019, 07:52 AM
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If you have to have a 993 or G50 or even a 964...... Cab's and Targa's are bargains compared to the coupes.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 01-14-2019, 07:54 AM
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Quote:
Originally Posted by 911boost View Post
A car I wish I had not sold is going up for sale soon. I’d love to buy it back, but for over twice what I sold it for?
Twice ? That's peanuts.. The cars I sold and want back now trade for 4x to 6x what I sold them for ;-( The owners both offered them back to me at some point last year, and while fair by today's market, I cannot stomach buying my old 356 back for 90K when I sold it for 15.

Get into non tii BMW 2002s. With minimal mods (carbs, gearbox) they are even more fun than early/middies 911s for pocket change money. I did not say fast (mordern minivans are fast too), I said fun ;-) That's my nugget of the day.
Old 01-14-2019, 07:54 AM
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I sold a 1989 RUF modded 930 in a fantastic color with miles in the 40's for something like $40 grand. I sold a 93 RSA with 40k miles for $36k. I agreed to a settlement of $51k on my 94 Speedster that had 16k miles on it when it was stolen. I sold a silver/red 97 C4S with 17k miles for $47k. I sold a black black with hard back seats 97C2S with 45k miles for $48k. I sold a red 94 wide body with real Speedlines from a 3.6 turbo and 27k miles for $37k. I sold a black black black America Roadster for $32k. I sold another black black 94 Wide body with 65k on it for $27k. I sold a 91 C2 Coupe black / tan, sports seats with black piping limited slip 30k miles for $26k. I sold a purple (non metallic) 993 C2 coupe with 21k for $43k.

I could keep going if you like...
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 01-14-2019, 08:03 AM
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Oh I’m not disagreeing, and I’m not complaining either. I used the $ from the car for my house which has seriously increased in value.

It’s the emotional question, of do I want the car back versus buying land, etc.
Old 01-14-2019, 08:09 AM
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Quote:
Originally Posted by trader220 View Post
I sold a 1989 RUF modded 930 in a fantastic color with miles in the 40's for something like $40 grand. I sold a 93 RSA with 40k miles for $36k. I agreed to a settlement of $51k on my 94 Speedster that had 16k miles on it when it was stolen. I sold a silver/red 97 C4S with 17k miles for $47k. I sold a black black with hard back seats 97C2S with 45k miles for $48k. I sold a red 94 wide body with real Speedlines from a 3.6 turbo and 27k miles for $37k. I sold a black black black America Roadster for $32k. I sold another black black 94 Wide body with 65k on it for $27k. I sold a 91 C2 Coupe black / tan, sports seats with black piping limited slip 30k miles for $26k. I sold a purple (non metallic) 993 C2 coupe with 21k for $43k.

I could keep going if you like...
How about a 1970 911E sunroof coupe in silver/black w engine and trans rebuilt by Andial w receipt, bone stock w tired paint for $8k that I did not buy in 1999.

I passed because I was broke and it belonged to a friend and was not on the market, not technically for sale. I thought that I would circle back to it at some point. In 2001, I drove past his house in the Hollywood hills and saw it sitting under an oak tree, covered in leaves w a dent on the engine deck lid. He was driving a new Ferrari 360 at this point, the old 911 was just sitting around decaying. I meant to give him a call about it but took my time, again knowing that he was not actively trying to sell it.

When I finally called and he got back to me, he told me that he just put it in the shop for a complete restoration. That he did not know what to do w it and that I "would not have wanted it anyways in the condition it was in, etc..." Said that he wished he'd known I still wanted it, that he probably would have sold it to me for $2500. I almost puked when I got off the phone. I was working on a roof and felt like I was going to fall off.

I could go on. All older gear heads have these sob stories.
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Denis
"It was either Voltaire or Charlie Sheen who said, 'We are born alone. We live alone. We die alone. And anything in between that can give us the illusion that we're not, we cling to.'" -
-- Gabriel byrne
Old 01-14-2019, 08:29 AM
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The one that got away.... 1994 964 Turbo S Package car because at $225 I thought it was more than the car was worth.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 01-14-2019, 08:31 AM
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