1989 Speedster - How low without insult?

[cab83_750]

Given that the economy and the prices are soft for almost all sports car, what would be the lowest price you would offer on an 1989 Speedster with about 50,000 miles? This is a garage queen and let's say my eval is 8 out of 10?

I just bought a 370Z, now this thing pops up ---- Aargh, I am so confused!!!!!

I have tried Edmunds and KBB, but this the oldest entry is 1990. I saw a Barrett Jackson auction for a red one with <25,000 miles go for $29,000.00. Yes, I have seen the outrageous 'For Sale' prices that others are asking.

Thanks.

[Dueller]

20-25% below asking price is considered "lowballing." FWIW.

[Dottore]

I'm always amazed by the prices of these things. They are, after all, just an '89 cab. with a bad roof and a crooked windshield.

I know of one with 8,000 miles that sold for 75,000 CHF recently—and I think Swiss francs are very similar to the USD these days.

So with 50K miles, and in good shape, I will stick my neck out and say a European would pay between USD50K to 60K for this kind of thing.

Check with Sloan. He usually has a couple in stock.

[Dueller]

NADA classics lists low retail 29.8 average retail 35 and high retail 47...

1989 Porsche 911 2 Door Speedster (Widebody) price report at NADAguides.com

[McLovin]

Originally Posted by Dottore

I'm always amazed by the prices of these things. They are, after all, just an '89 cab. with a bad roof and a crooked windshield.

I know of one with 8,000 miles that sold for 75,000 CHF recently—and I think Swiss francs are very similar to the USD these days.

So with 50K miles, and in good shape, I will stick my neck out and say a European would pay between USD50K to 60K for this kind of thing.

Check with Sloan. He usually has a couple in stock.

never underestimate the value of a wide body and low production number!

but everything, including speedsters, have been hurt. and the thing with speedsters, they suffer from "ferrari syndrome," i.e., a huge premium on the number on the odometer.

The value of a sub 10K example is much different than that of a 50K example. there are many potential speedster buyers that wouldn't consider any example with 50K miles on it. that's very high miles for a speedster (like ferraris, there are alot that don't drive them because of the "collector value," so there are a lot with low miles, and very few with high miles).

50K miles is on the upper end.

depending on the color combo can condition, I don't think high 30s would be an "insult" (although to me, no offer is an insult, it's just an offer). I don't know if they have traded that low yet, though. But I'm pretty confident it isn't a $60K car, probably not even a $50K car. I actually agree with that NADA general estimate, roughly $37-45K.

[Dottore]

Originally Posted by McLovin

and the thing with speedsters, they suffer from "ferrari syndrome," i.e., a huge premium on the number on the odometer.

The value of a sub 10K example is much different than that of a 50K example. there are many potential speedster buyers that wouldn't consider any example with 50K miles on it.
But I'm pretty confident it isn't a $60K car, probably not even a $50K car. I actually agree with that NADA general estimate, roughly $37-45K
.

I agree with your point about mileage. There are actually wealthy dentists and hairdressers who want one of these for their collection, and will only consider a very low mileage one.

Our difference in price estimate is down to the fact that mine is a European estimate, and yours is a NA'n one. All of these kinds of cars are traded at a 10—20% premium in Europe.

[tchanson]

Originally Posted by Dottore

I'm always amazed by the prices of these things. They are, after all, just an '89 cab. with a bad roof and a crooked windshield.

+1. Also virtually no effective sealing from water between the side windows and top, speaking from soggy experience.

These always seemed somewhat cynical cars to me, when PAG was trying everything they could think of to goose some sales at the end of a very long production run of an outdated 911 by '89.

They do seem to have a following, for whatever reason. They aren't especially rare, and there are always quite a few for sale with ultra low mileage, stashed away as "investments".

The market might be ripe if that's what you're looking for. Bid low and good luck.





Tim

[Racerbvd]

Originally Posted by Dottore

I agree with your point about mileage. There are actually wealthy dentists and hairdressers who want one of these for their collection, and will only consider a very low mileage one.

Our difference in price estimate is down to the fact that mine is a European estimate, and yours is a NA'n one. All of these kinds of cars are traded at a 10—20% premium in Europe.

They were, at the moment, that is no longer true. There are quite a few cars that WERE going to Europe that have fallen through because the Greece & such. We are currently looking for an Speedster, located one, the seller wants $47K, PPI shows it needs about $7K worth of work. We made him an offer, and were told that he has a German buyer, but the buyer has to sell his car 1st. That was a month ago, he still has the car (as of last week) found out that it may have been involved in a mind accident (car check says so) so he will go $45K and, you guessed it, is waiting on another German buyer...

[cab83_750]

Originally Posted by Dueller

NADA classics lists low retail 29.8 average retail 35 and high retail 47...

1989 Porsche 911 2 Door Speedster (Widebody) price report at NADAguides.com

This helps a lot! Thanks.


Dottore and I share the same thought about this being a regular cab with some differences. If I get this, it would not be a garage queen and would be a daily driver. As I consider this as an 89 cab, I am already having issues with having to offer, say, $35,000.00.

If the B.Jackson auction sold for $30,000.00, anyone knows how much B.Jackson's commission would be?

[look 171]

Originally Posted by cab83_750

Given that the economy and the prices are soft for almost all sports car, what would be the lowest price you would offer on an 1989 Speedster with about 50,000 miles? This is a garage queen and let's say my eval is 8 out of 10?

I just bought a 370Z, now this thing pops up ---- Aargh, I am so confused!!!!!

I have tried Edmunds and KBB, but this the oldest entry is 1990. I saw a Barrett Jackson auction for a red one with <25,000 miles go for $29,000.00. Yes, I have seen the outrageous 'For Sale' prices that others are asking.

Thanks.

Local? Is ia a Latino looking guy that owns this car? I chatted with him and he made some noise about selling it. This was about 6 months ago. There are not too many of them running around. I do not remember if his is red or black. It was on a rack when I looked under it and it was so clean you can eat off it.

[Dueller]

Originally Posted by cab83_750

This helps a lot! Thanks.


Dottore and I share the same thought about this being a regular cab with some differences. If I get this, it would not be a garage queen and would be a daily driver. As I consider this as an 89 cab, I am already having issues with having to offer, say, $35,000.00.

If the B.Jackson auction sold for $30,000.00, anyone knows how much B.Jackson's commission would be?

BJ has an 8% seller's commission and AND 10% BUYER'S PREMIUM, IIRC.

So on a 30K sale, buyer would pay 33K, seller would net 27.6 and BJ would make 5.4K.
hERE'S A COPY OF THE BIDDERS CONTRACT:

http://www.barrett-jackson.com/events/palmbeach/bidder/PalmBeach08Application.pdf

[Gogar]

Depends on your tire width, but I'd say get it as low as you can without rubbing at full lock.

[tabs]

What matter to U when U make an offer is what the seller at the BJ Auction realiized...8% of s29,0000. is $27,700.00 net to the seller...

Personally I would not want to pay over the 27K so start at $25K...there will always be another around the corner...

In Colt 1911 Spoons..the difference in price between a 90% spoon and a 100% spoon can be double to triple the amount..What make it any diffferent for automobile.

[ODDJOB UNO]

there is a daily driver black 89 spudster buzzing around here. DROOL DROOL my FAVE.

now i have bean watching this, as i love them. wide or narrow any color.


as IMPRACTICAL as they are(mentioned above) to me they are the coolest of the cool in my book. they are short numbered production so they will get a premium price over say an apple to apple same year coupe targa cab.


here with our great weather they are more practical than most locales. buttttt..........with that in mind and kind of being around porsches/vws and boats and planes and dirty bikes etc. that ARE NOT RUN ALOT ie. garage queens.


I WOULD BE HIGHLY SUSPECT OF ANY LOW MILEAGE GARAGE QUEEN!


you can get into a LOT OF MONEY FAST taking a hanger queen and suddenly making it into a daily driver.


hell i dont drive my cab enough as it is and i try like hell to run the snot out of it twice a month!


a spudster as a daily driver???? WTF are you thinking? hell the only time as with my cab i would drive it is on highway banzai runs. too rare to risk some idiot blowing a light on you/grocery store/office fender benders and door dings etc.


hell i would need a case of prozac a day if i made a spudster into a daily driver for all the idiots out there trying to race you/run into you/jealous that you own one"excuse me ******* rich guy while i slam my 1972 ford pinto door into that beautiful rare spudster" ya know that kind of crap!


buy one thats been used and maintained with a good PPI behind it and upgrade it as yer wallet can bear and enjoy it on highway runs.

[cab83_750]

My definition of this car being a daily driver would be that it would share the same amount of mileage as my '83 Cab and my 370Z.

No, my brain is not f****-up. I WILL USE IT. Heck, my mom yells at me for trying to use the China wares as regular wares. No queens for me----if I can't use it, don't own it.

Originally Posted by ODDJOB UNO

....

a spudster as a daily driver???? WTF are you thinking? hell the only time as with my cab i would drive it is on highway banzai runs. too rare to risk some idiot blowing a light on you/grocery store/office fender benders and door dings etc.
.....

.

[McLovin]

Barrett Jackson isn't a great place to sell a Porsche. Yeah, a seller can get unbelievably lucky (like the seller of that 928 headlight'd Targa abortion that got something like $50K), but you can also get no real buyers. BJ is more the American car scene, those are the cars that get the prime TV time slots with lots of activity and drunk bidders. That low priced Speedster was almost certainly auctioned on a non-televised day, low attendance, no hype, etc.

the subject of this thread, an 89 Speedster with 50K miles on it, is not a sub $30K market value car. If he put that car up for sale just on Pelican, no other advertising, for $29K this morning it would be sold by this afternoon.

[ODDJOB UNO]

im NOT saying dont use it...............just be smart about using it when and where.


you would have to physically restrain me from beating the tar snot out of somejuan dinging my doors. plain and simple. the vast majority of people here dont give a flying feek about your car or my car.


and then ya have the pyschos who ON PURPOSE slam their pinto/yugo door into yours because they have not been blessed with the intelligence to make a above average decent income to afford one,and they are JEALOUS!


or whatever ill fates have been involved with their lives, they take it out on the sports car near them.


there IS an ENTIRE PYSCHOLOGY to owning a porsche,driving a porsche. most people HATE YOU! most people LOATHE YOU! and then throw a flashy color like RED(mine) into the mix...................you have now WAVED THE RED FLAG IN FRONT OF EL TORO(the bull).


and then throw in the 1973 toyota trucks and redneck ferd trucks that ALL want to race you. the 55 chevys, every damn corvette, and all the cell phone implanted in their ear soccer mommies in their SUVS right on yer ass in traffic, the people that come from the fast lane passing you and then get into the slow lane and drop their speed or brake check me, and on and on and on.


im not saying dont drive it! just be wary of where you drive it. seeing any porsche wrecked makes me CRINGE! seeing a rare low number production porsche wrecked....................sends me over the deep end.


remember most people are jealous as HELL that we own them. throw in an arguement with wifey,bad day at the office, didnt get no trim last night from wifey etc. and ya got all the ingredients of ROAD RAGE!


i have NEVER OWNED a CAR that has drawn more attention, and garnered more poor feeked up moronic behavior from people while im doing the speed limit, minding my own bizzness.

[tchanson]

As I recall, they built more than 2,000 of these things, the vast majority of which were stashed away and rarely driven, I would guess.

They're not "rare" by a long stretch. As Dot noted, just a cab with the practicality deleted.





Tim

[McLovin]

Only 800 U.S. legal Speedsters made, it is a "rare" car by just about any standard (esp. Porsche standards).

[Racerbvd]

89 930 Cab, now that is kinda rare
Not long ago, a 89 factory Slant nose 930 cab sold for $53K