long term ownership

Johns911sc · 06-26-2003, 10:31 PM

I have a '78 911 SC targa. Lets say its 5 years from now. What are people's opinion on value of the 911's. I'm wodering will this car increase or decrease in value. The value seems to be between 10k and 15k depending on mileage, shape, etc. now. The older cars seem to be worth quite a bit, will the same thing happen to the SC. John

dickster · 06-26-2003, 10:49 PM

well, carrera prices have started to creep up in the uk........

epbrown · 06-26-2003, 10:57 PM

The SCs will gradually sink in value, though not much. As the 69-89 cars get older, the price scale will gradually be compressed to a narrower band, with cars being priced similarly based mostly on condition. For the most part, little difference will be seen between a mid-70s car with it's engine fixed and an SC or Carrera with over 100k miles.

There will always be premium price for those models seen as more desirable. Of the longhoods, that's the MFI cars in coupe form, especially with 915 trannies. Of the impact-bumper cars, that'll be the 87-89 Carreras with the G50 in coupe, cab, or turbo-look styles.

The prices will be compressed by newer Porsches coming down, bringing newer technology into competition with old, primarily 964s and Boxsters.

Emanuel

Jadams1 · Jadams1's Garage

Market prices for a 78 SC, August 2003, Excellence

year 1999, 2000, 2001, 2002, 2003

poor 9453, 9773, 11580, 12031, 12105

good 10747, 11112, 13166, 13679, 13763

excellent 14388, 14875, 17625, 18313, 18425

Hetmann · 06-27-2003, 08:15 AM

Who really knows. SC's are getting older and value will be based on condition and what the market will bear. You do have to find someone who wants to buy the car and I think that population is shrinking. It seems like they are real desireable when you poll the community here, but in the real world 911s appeal to a specific group. These are the people that wanted one as a kid. Does everyone want a 911? Hardly. Does everyone recognize what a great car they are? Sorry no cupholder and where do I put my golf clubs?

I think the reality is that a nice targa is worth 10k to 15k until you go to sell it. Then its worth whatever you can get. Keep it and enjoy it. It's not an investment. It's a toy.

IROC · IROC's Garage

I've been following the used 911 market more less constantly since the mid-80s when I got out of college and wanted to buy one. When all things are considered, not much has really changed since then (other than Carreras and late SCs are cheaper).

As these cars get older (911s in general) they seem to reach a point where they don't really lose any more value and each car ends up getting judged on a case-by-case basis.

I wouldn't worry about the future value of your car. I don't think it's going to change much - one way or the other.

Mike

Superman · 06-27-2003, 08:48 AM

I'd agree that the prices paid for these used cars will not change much. In the meantime, those prices will lose value due to inflation. I'm just delighted that they are so reasonable. Such value! I had no idea I could afford one three years ago until a friend told me to look into it. A month later I was driving my current car. I'll probably never sell her. I'll probably buy more. Think about it. A reliable, bulletproof 911 with cruise, air, headlight washers, heated electric mirrors, yadda yadda, for something close to $10 grand. It's a diamond for the price of a lump of coal.

caliber60 · 06-27-2003, 09:11 AM

The car its self really don't worth too much. You can easily put in $10,000 to bring the SC in excellent driving condition. That's how much a buy is willing to pay. 911 is a driver's car. The value is not a major concern.

brawlins · 06-27-2003, 09:22 AM

Quote:

I think the reality is that a nice targa is worth 10k to 15k until you go to sell it. Then its worth whatever you can get. Keep it and enjoy it. It's not an investment. It's a toy.

Amen!
I had a guy recently ask me what I'd sell my SC for. I said "not for sale, thanks". He said "Well, how much if you were selling it"? My reply: "$100,000". Obviously I don't think it's worth anywhere near that, but I really don't want to sell it. (However, $100,000 would get my attention immediately.) It's my toy.
Reminds me of much younger days when I bought old comic books. Some folks would buy them and then seal them in plastic to preserve them, afraid to take them out. Me? I'd read 'em over and over again - That's why I bought them.

Hetmann · 06-27-2003, 10:39 AM

And another thing...

You really should join the SCWDP. Ask brawlins, he knows how.