Is now the worst time to sell my SC

kwm · 09-05-2008, 08:45 AM

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.

Heel n Toe · 09-05-2008, 09:04 AM

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.

kwm · 09-05-2008, 09:13 AM

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

Heel n Toe · 09-05-2008, 09:20 AM

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?

Zeke · 09-05-2008, 11:28 AM

Quote:

Originally Posted by Wayne at Pelican Parts

It's a great time to sell a car now - the bad news hasn't caught up to the market. I predict prices will be declining well into 2011 - 2012...

-Wayne

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.

Fidalgo911S · 09-05-2008, 12:29 PM

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.

Zeke · 09-05-2008, 02:25 PM

Quote:

Originally Posted by Fidalgo911S

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.

DanielDudley · 09-05-2008, 03:30 PM

Quote:

Originally Posted by kwm

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.

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.

dd74 · 09-05-2008, 03:39 PM

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.

the · 09-05-2008, 04:14 PM

Quote:

Originally Posted by milt

Anyone living in CA could see that coming

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.

pwd72s · 09-05-2008, 04:19 PM

Quote:

Originally Posted by dd74

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.

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

aigel · aigel's Garage

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

the · 09-05-2008, 04:27 PM

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.

aigel · aigel's Garage

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

ramonesfreak · ramonesfreak's Garage

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

Nathans_Dad · Nathans_Dad's Garage

Quote:

Originally Posted by Wayne at Pelican Parts

More supply, less demand means lower prices.

-Wayne

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...

legion · 09-05-2008, 07:32 PM

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.

the · 09-05-2008, 07:37 PM

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

legion · 09-05-2008, 07:39 PM

Quote:

Originally Posted by the

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.

the · 07:47 PM

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.