A late-'80s Porsche should roughly double in value as you drive it

[89911]

We're Gonna Put You in a Porsche. A Really Old Porsche. - Bloomberg

Food for thought. Being I own an 89, I enjoyed it.

[aigel]

Nice picture atop the article of a couple 964s which are NOT the "still simple 911" they are referring to when naming the 84-89 era.

50k to drive it for 10 years while its value remaining the same doesn't sound like a great value proposition to me.

DIY will help cut the cost in half, but it still does not sound like a good idea IMHO, unless you are a Porsche nut, of course.

G

[Hard-Deck]

Damn, I'm not spending enough money on maintenance.

[MRM]

About ten years ago I read very similar article claiming that a Porsche 928 was the perfect daily driver and would appreciate greatly in value as it was driven.

I'd like my 84 cab to double in value soon, but I doubt it. Well, it would double in value if I put $50,000 into it, even in a ten year period, as the article suggests.

[Schumi]

I'm kind of sad I sold my Boxster S. Probably the best all-around car I've owned, and I've owned a large variety thus far already.

A friend who has a 996TT and I always had a saying though: "My Porsche is too old to be new, but too new to be classic."

Every mass-market (non race) Porsche model depreciates like hell for a certain amount of time, then appreciates until it reaches a steady state value. For 944's- they started out between $20K and later $40K, depreciated to about $4K a few years ago, and now a good one will run you about $7-8K, with good turbos going for $10K.

The Boxster- well, the bottom is possibly not in sight yet, but the early 986's are bottoming out at 8-9K and will level out at about 12-13K for a non-S, 14-15K for an S.

911 models all follow their respective desirable years, following similar traits but generally appreciating moreso as they age to a higher steady state resale.

The trick is to buy at the bottom and be sure that is the bottom. I did this with one of my 924S's. Bought it for $3K, sold it after 6 years (6 years!) for $4K.

Meanwhile.. I bought my 2000 986S for 18K and sold it for.... well... a lot, lot less. A lot less. Because I'm stupid and should have kept it.

[aigel]

I can easily sell my 993 for what I paid for it. But I also must have dumped at least $20k into it in 7 years. It was actually low cost until my differential started whining. This went out of control fast! ... Guards LSD + full trans rebuild with steel synchros and steel shift fork, new cup clutch, pressure plate, TOB. Engine is out! So: rear main seal, wires, plugs, seals, lifters, fan, alternator, rubber parts ... before this, the most I had spent was on a full brake job (disks and pads = $1000 on the big reds ...) and next on tires ...

G

[GG Allin]

I really hope the G50 Carreras stay within my reach, at least until I can get one.

[ZOA NOM]

WooHoo! I've got TWO of 'em.

[Zeke]

That article is throwing around a lot of figures.

[jcommin]

Zeke, I agree. These are the 911SC cars and yes, they are well built. Porsches are pricey to maintain.

[ZOA NOM]

Originally Posted by jcommin

Zeke, I agree. These are the 911SC cars and yes, they are well built. Porsches are pricey to maintain.

Nope, the article is about the G50 cars. WAY better than the SC's

[dennis in se pa]

Typical of today's journalist they are talking about late 80's 911's while showing pics of early 90's 911's. And pulling figures out of the air.

[Shaun @ Tru6]

I'm just happy with early car prices.

[Nostril Cheese]

brake calibers..

[Zeke]

Back when we had a '77 Targa in the very early 80's, We spent an average of 3K/yr for most of the years. Towards the end of 15 year ownership, we put less into it and got 6500 for it at Pomona in '96.

The Boxster is going on 11 years of ownership, doesn't get driven quite as much (we drove the Targa 100K in 15 years) and has been a LOT cheaper to own (so far). I think we're at the point that if it lunches the motor, we'll part it out.

Shoulda parted the '77. It had an Andial motor in it.

[onewhippedpuppy]

Stupid poorly written article. They are simple reliable cars.........but you'll spend $5k at year to maintain it. The entire thing was full of contradictions and facts that seem made up.

[targa911S]

how about dodge mini vans?

[aigel]

Originally Posted by onewhippedpuppy

Stupid poorly written article. They are simple reliable cars.........but you'll spend $5k at year to maintain it. The entire thing was full of contradictions and facts that seem made up.

It is a "blog". Meaning you can just write your heart out!

IMHO blogs are a huge waste of time, unless it is a friend writing with personal information or it is a very experienced person writing in their field of knowledge. This one is neither.

I am getting worried about newspapers too however. IMHO quality has gone down significantly in recent years.

G

[Bill Douglas]

I nearly spilled my drink when I read 5k a year. I think his mechanic has been playing tricks on him.

Also tires every four years. You should be ashamed of yourself man; it's a Porsche.




They say the 911SC is the best balancwe between old and the new. Feisty but not (too) quirky.

[GG Allin]

Originally Posted by targa911S

how about dodge mini vans?

'89's with the turbo 4 have a following.