911 value given world petroluem situation

der Mond · 08-10-2005, 05:03 PM

I'm just wondering what may happen to the cash value of our cars given that we seem to have reached the era when fuel availability may lessen and prices continue to rise. Anyone been speculating whether their vintage 911 may end up being worth less, the same or more as a result?

techweenie · techweenie's Garage

Daily drivers could be affected a bit, but for the most part, I think Porsches will escape the negative social stigma that's befallen Hummers and huge trucks.

There's always a backlash against social, political and economic forces, and that will probably keep the value of most 'weekend cars' high.

coldstart · 08-10-2005, 05:49 PM

I think the value will go up as people will ditch their bigger cars but still want a car with attitude.

That said, the price of gas is a major economic factor and a skyrocketing gas price will hurt the economy and hurt the value of semi-luxury items, including Porsches. If the economy tanks into a recession, the value of almost EVERYTHING will go down.

Blanco · 08-10-2005, 05:57 PM

get a motorcycle...

HardDrive · 08-10-2005, 08:36 PM

Interesting post. I think ultimately gasoline driven cars may end up being an expensive hobby. I doubt values for Porsches will go down. Most cars before 90 have full depreciated at this point.

JavaBrewer · JavaBrewer's Garage

Quote:

Originally posted by coldstart
I think the value will go up as people will ditch their bigger cars but still want a car with attitude.

That said, the price of gas is a major economic factor and a skyrocketing gas price will hurt the economy and hurt the value of semi-luxury items, including Porsches. If the economy tanks into a recession, the value of almost EVERYTHING will go down.

I can't even begin to count how many posts exist on this BBS bashing gas hog trucks and SUVs when folks here average same mpg in their pre 84 911 as I do in my F150. Gas prices continue to go up and the novelty of a 16 mpg 911 will wear off.

Note to self, save cash for bargain 911 deals comming soon

gavinlit · 08-10-2005, 09:23 PM

I think the relatively high entry price point for 911's (in aus anyway) compared to other weekend type cars is such that most 911 owners are not too concerned about fuel costs equating to an extra $10 dollars a week. How many people who own weekend porsches are on a tight budget? Not many I would guess.

Hugh R · 08-10-2005, 09:48 PM

Back in 1971 and again in 1978 (I think) we in the US had big gas shortages, which were artificial, and the value of muscle cars and exotics dropped because of gas prices. Today at auction American muscle cars that are pristine is unbelievalbly high. People who can shell out $100k or more for a hemi cuda aren't too concerned about shelling out a few bucks more per month. That said, a 911 commuter won't gain in value due to the mileage. I drive 22 miles to work, and as gavinlit said an extra $10 a week isn't going to deter me too much. Don't know if I added anything of value to this thread or not.

der Mond · 08-10-2005, 11:24 PM

I am grateful for all your posts thus far. My '87 Carrera has 135K miles, an APE Chip, Magnecor wires and NGK Iridium plugs. I use Mobil1 15W-50 in the motor and Redline 75W-90 in the G50. On a recent 100 mile leg of a trip between Fairbanks and Anchorage at 80-110 mph, it averaged over 26 mpg. That's 10 mpg better than our '99 Dakota 5.2 and 7 better than our '89 Cherokee 4.0. By the way, it might be for sale in late summer '06 so I can use the money for other stuff...

kycarguy 935 · 08-10-2005, 11:41 PM

I have been thinking about this also. Hopefully small cars will become popular again and save the larger cars, SUV's and trucks for weekend and special trips. 1 larger SUV uses about the same fuel as 3 small cars. My daily driver is a Subaru Legacy 4 wheel drive and is great on gas. To offset my gas expenditures I have been thinking of ways to save and help others to save. I really like the idea of getting a Mercedes Diesel and burning french fry oil. My buddy is getting the stuff together to use it in his Mercedes and Diesel Suburban with a Banks turbo charger on it. I know once this really catches on french fry oil will start to be valuable and harder to get but time will tell.

If the prices in gas keep continuing as they are our whole economy is in trouble and that will trickle down and affect prices across the board on luxuries. I dont think older 911's will drop in price much but believe the newer ones would.

Good topic der Mond.

rob justice · rob justice's Garage

Looking to buy my wife a Renault Clio 1.5DCI. Little 1.5 turbo diesel engine kicking out 80hp. 0-60 works out at 10 seconds and top speed is 115mph. Best of all - it averages 68-70 to the gallon. Everyone else over must be thinking the same just now because I'm difficulty finding one!!!!!!
I used the motorbike daily - 93 CBR 600 and it gets approx 58 to the gallon. Due to fuel prices over here - using the Porsche daily is almost a non-starter - the cars only a weekend toy which is a shame but I've no intention of selling it despite a couple of offers.

tabs · 08-11-2005, 03:12 AM

When was the last time anyone saw a Hemi Cuda on the road...

The value of collectable cars isn't determined by the price of gasoline...popular imagination/desirabilty and rarity set prices...

The economy hasn't been hurt by the current price of oil products...the numbers keep comin in strong...

and like others have said the weekend car crowd sure ain't gona be detered by a few extra $$$$ for fuel....

There has bin a Bull Market in Collectables since the begining of 1998....

FrayAdjacent911 · 08-11-2005, 07:58 AM

I don't think Porsches will suffer too bad. My 911 gets about 20mpg, and it's not running the best it could. I bet if I got the carbs cleaned and tuned up, did the valve adjust, and addressed the leaks, I could get probably 25mpg out of it.

Not too shabby in comparison to Suburbans and the like that get a whopping 13mpg or so.

mikester · 08-11-2005, 09:07 AM

I know I've been trying to take the bus to work and around town during the day as much as possible. The buses here aren't bad around downtown so it isn't much of an problem since it is easier to get to a bus than in and out of the parking garage I use.

Last weekend I filled up and it was almost $50 which is craziest it's ever been. In my driving three days I've used most of that up where if I had taken the bus those three days I would have spent $10.50 since I never got to run the errand I've been trying to run. Last night out of pure frustration I looked up the bus routes to that errand I've been trying to run and found a quick route. It would likely be just as fast as if I had driven it considering the parking I have downtown sucks to get in and out of (it's free).

At highway speeds my SC gets over 30mpg but in the bumper to bumper commuter traffic I deal with it's far far less. I know it has some issues in the fuel system that need attention but I don't think I woudl ever get better than 20mpg in traffic at best.

I'm not so much concerned with Value because I'm keeping it. Working downtown is nice because the bus system supports it well and my wife works in Santa Monica and the bus system in between the two places is very good. So getting home and to her is easier and cheaper than driving.

I miss the days when I could just drive my 911 and not worry about this. That's probably the biggest thing...It's gone from being a wash in bus vs driving to driving a week to work costing me $50 and taking the bus costing me $16. This excludes maintenance and insurance as well - if I added that in it would be even more clear.

The cost of maintaining a vehicle is sky rocketing due to fuel costs. I'm just not sure that is it something that the market will bear in the long term.

gavinlit · 08-11-2005, 12:37 PM

"was almost $50 which is craziest it's ever been"
We're looking at about $80 - $100 to fill a tank (closer to $100 if the tanks bone dry). I run mine to about a quarter and then refill. High sixtys to low seventys for me when I do this. Fifty to fill the tank would be just dandy.

mikester · 08-11-2005, 12:42 PM

Seriously man...I know where you're coming from but that "$50s is crazy" is based on the fact that very recently is was half that.

mikester · 08-11-2005, 12:58 PM

Over the last 3 years we've seen our cost in LA more than double.

Westy · 08-15-2005, 09:21 AM

I just watched a show on Discovery where they were already building tanker ships solely for the purpose of hauling out Alaskan oil. It's ironic that an Alaskan posted this topic. I think you are sitting on more oil than anyone really knows, and it WILL be pulled out of the ground.

That being said, I just paid $3.00 for diesel. I didn't like it, but I didn't bat an eye. We're all sounding like our fathers. remember how they talked about how much a loaf of bread was, or how much milk has gone up? It's all pretty relative. My motorhome has a 75 gallon tank. Next week wer're going to the Oregon Dunes for a week. Do I care that gas is $2.60 a gallon? Well, yeah, I care, but I'll pay it and go have fun on my vacation.

Tower of Power "There's only so much oil in the gound",,,,,,but they sang that 30 years ago. Ya know, I think I forgot what my point was here. Oh well, drive guys, we pay to have fun.

pwd72s · 08-15-2005, 09:51 AM

Porsche prices? I don't think they'll be dented because of gas prices. But I do believe that a whole lot of bucks that were once spent at K-Mart, Wal-Mart, etc. are now being spent to fatten up OPEC.

mikester · 08-15-2005, 10:06 AM

When is the point where you do care how much it costs for a gallon.

That's the issue; If we allow it the oil companies will do exactly what a basic economics class teachs: Raise the price to what the market will bear.

Well, I won't bear it and I'm doing what I can to fill up less.

Granted; I own two very inefficient autos - a porsche and an SUV (Xterra). It isn't really cost effective to get rid of them in favor of more fuel economic autos because they are paid for. I don't want another used car that gets decent mileage I would want (and my wife would want) one of them new fangled hybrids. It's just not cost effective though. My Xterra would be lucky to get me a 10k trade in value and then for a hybrid escape I'd end up with a 20k loan/car payment. I would still be paying for gas AND I'd have a car payment.

If I sold the Porsche I might pull between 15 and 20k BUT I'd be out a porsche and again have a car payment (low interest rate though I'm sure).

In either case my insurance would also likely go up.

I'm stuck - I'm sure that's how a lot of people feel, it's either operate at a loss or take a huge loss.

The third option is public transport. Costs me the cost of a bus pass and I can keep the cars I have. No car payment, use less gas and all that jazz.