Is now the worst time to sell my SC
 

I understand very well the state of the economy. I work defaulted business loans for the largest Bank in the county and my portfolio is busting at the seems. You fellas best know how sales for something like a 83SC would be right now. Any thoughts...wait.....if so how long......don't wait.....if so what price ranges are SCs going for? Or if you just sold a car and can offer some pointers or details. Thanks in advance.

Do NOT sell it right now.

Lease it.

To me... for $50 a month. I see you're in Concord... just say when, and I'll come pick it up.

I promise I'll keep it clean and show it lots of love and never run it over 4500 RPM.

PM me before 5 today... I'm not doing anything tomorrow.

Heel n Toe....not sure if you are serious or not but somehow I don't think that is the way to go. I am getting a ad together now so feel free to review it and let me know if you are interested in the purchase. Thanks

My offer was only serious if it sounded like a good idea to you. LOL

Has that baby been pullin' the ol' Money Pit thang on you?

I will counter predict that prices will fall through the end of 2009, then sit for awhile. The best cars will always fetch the best price and may not suffer any depreciation for the simple fact that they aren't getting any newer, or better, or with less miles.

True, the top priced Ferrari's lost nearly 50% in the early 90's, but this is now when those cars are 15 years older. I think that will make a difference in all the older sports cars market.

Wasn't Wayne spot on about the housing market long before it revealed its ugly head?

I'm not saying anything, just sayin' that's all.

Anyone living in CA could see that coming and it was overdue at that. IMHO, Wayne sold too soon and bought too soon, but he has his own agenda and reasons. I'm sure if I knew the circumstances better, I would agree with his actions. Nevertheless, houses peaked last summer and I predict will bottom out soon. The market should be stable by the beginning of next summer. If not, then we will be in a 1930 type depression.

Cars seem to lag behind the housing trend by a year or 2.

If you are going to sell, list NOW. There are always a few purchasers who will pull the trigger in tghe fall because they didn't do so in the spring.

List here, in Pano, over on Rennlist and on Craigslist. Keep listing. Start at what you think is a reasonable figure for your car's value based on what you see other's are getting. You can always go down, so don't start too low, unless you want a really quick sale. If your car is particularly nice and has reasonably low miles, consider selling to a well known dealer. They will always pay you a certain percentage below their markup, and it is often close to what you might reasonably hope to get in a quick sale.

If you like the car, and can afford to keep it - keep it.

Saw a pristine 73 RS Carrera today, that was rebuilt 10 years ago by Ruf. The owner was offered $250,000 for it last week, and refused.

It's a seller's market, baby.

Actually, very few people in California seemed to see it coming (reference the LA Times poll during the bubble where 80% said they expected their house to appreciate at a double digit rate, indefinitely), including many on this board.

A lot on this board will deny that it happened at all, at least to their city/neighborhood/street or house.

Apples & Oranges...911SC and '73 RS

I have not seen asking prices drop on SCs. Most average SCs go for 10-16k. That is still fairly small change for a lot of people and inexpensive for what you get in return. (Compare to other classic cars, say a muscle car).

Cheers, George

It's a seller's market, a very good one, right now for QUALITY 80s 911s. Prices have snuck up in the last few years for nice, low to medium mile SCs and Carreras.

It's gotta be a nice car, though.

There are euro buyers now for the accordeon bumper cars. That helps. Also, prices for parts have gone up through the roof (thanks to the Euro and otherwise). This means that buying solid vs. rebuilding crap has an advantage. Any well documented SC that is mechanically excellent will sell for good money.

George

i just dont see how a nice SC could go any lower. they are already a great bargain in my opinion. a year and half ago, i paid 14K. Ide pay the same today. Ide pay the same next year. Your either dying to own one or your not. You either can afford it or you cant. There are plenty of people who love these cars that can afford one.

The 1980's model Ferraris have not dropped a bit with the exception of a slight dip in the TR market. Nice SC's are not getting any more abundant, in fact, I watch the market on them constantly and its quite hard to find a nice all original one. If its a hacked up and rusty example, thats different

Untrue Wayne, you should read Shaun's oil thread. See what you have to do is destroy all the SCs and then the prices will fall because there is less risk of them being destroyed...

I haven't gotten one serious bite on my 951, and I'm in the most recession-resistant part of Illinois. I'd say it's pretty bad on that front right now.

We're talking about 911s, not 944s. Big difference. 944s aren't worth anything.

Sorry, I wasn't aware this conversation was limited to elitist snobs.

Did you not read the title of the thread, or the first post?

Anyways, saying that 944s aren't worth anything (as in you can't sell them for much money) isn't elitist, it's just a statement of fact.

As a group, the 80s SCs and Carreras have seen a big rise in the past few years, and will continue to do so. They are unique in that way, 99% of cars from the 80s have not and will not rise in price. Again, not elitist, just a fact.

944s are like the "other" 99%, i.e., one fender bender or worn out clutch away from the junkyard. Not a ground-shaking or elitist concept, lots of previously nice cars are like that (most BMWs, Mercedes, etc., you can buy a nice mid 80s BMW or even S Class Mercedes for $3000). They were nice cars, but at the end of the day are disposable. The air cooled 911s will never be disposable cars.

re. RS Carrera vs. 911SC, yes, you're correct. Still, I can't see how that car can command a quarter million dollars. But what do I know? I drive a non-numbers-matching bastard (that's damn fun, BTW).

With collectable cars, it's all about the number made, the pecking order on the desirability scale, etc. 911SC's were a nice car, possibly the most reliable air cooled 911 ever made. But Porsche did make a potload of them. The '73 RS was a one year model, the top of the line, and to make them even more desirable, NOT legal as street cars in the USA at their time of manufacture. They were a special car then, are even more special now...that's why there are some who covet them tremendously, and are willing to lay out big bucks for one...tho these days it's more of an ego thing than anything else.

(edit) So yeah, apples and oranges.

The Concord area market is really down right now. I expect you couldn't get more than $4500 to $6000 for the car. But not to worry... I'll drive up and take it off your hands before the market declines further. ;)

As soon as I get my hands on $10k or so I will be in the SC market...

In my area I have seen low mileage SCs (less than 70K miles) listed for $13,000 and they are sitting.

Speedy:)

The poster is in NC, not in Cal. I assume the housing slump is not as bad there.

Seasonally, Spring would be better but why not list it now?

Over the longer term - 2-3 years... nobody knows for sure. You want to compare the car's value and costs of keeping it for 2 years (insurance etc.) with the time value of the moeny you will get for it (or the debt you will retire...)

From what I hear, the US housing slump will be over in maybe 1 year. Does not mean houses will go UP tho & may not apply to your crazed locality ....

Stocks are expected to go up in the fall. They usually do. And they usually do in an election year. Then there is the Democratic vs. Republican effect. All of those are non-mechanistic models - they just claim, "well it usually works that way for some reason..." a fairly thin thread.

IF you are retiring debt then it's easier to calculate!

A nice 911 (of any vintage) will always be easy to sell. The problem could be selling one that is average, has an off color, or needs work. There are always people with money that like cool things. But, they want something nice - even if at a premium. I sold my low mileage, pristine 964 this summer for well over the average 964 prices. However, it was nicer than most 964s too.

Give it a try. You have nothing to lose. Fwiw, I've sold three 911s over a few years- all through Pelican classifieds. All sold very quickly. Thanks Wayne!SmileWavy

Also - Local economy isn't a factor at all. Every 911 I have sold went well over a 1000 miles away. I live in Wisconsin. My 77 went to Boston, the 72 to L.A. and the 92 to Fla. I had inquiries from all over the globe on the 92. I may need just one more 911 to eventually sell to someone in the PNW. :)

On 944s - it's not that they're worthless. It's that they have a narrower audience and therefore harder to sell. My guess is a very nice one would sell quickly despite the narrower audience.