SC prices

[aigel]

Is it me or have SCs gone up in price? I can not see maintained drivers for 10k any more as I was able to 2-3 years ago, here in the Bay Area.

Looks like parts have gotten very pricey with the Euro through the roof. I certainly am glad I did all upgrades (tensioners, oil cooler, new dash) few years back.

What do you think, are SCs more expensive than 3 years ago? And if so, why?

George

[rrsrsr]

A couple years ago there were quite a few decent SCs in CA for $8k-$10k.

It does seem like the examples available in that price range now are pretty sad cars.

I'm sure the rise in prices of early cars have had an efffect. A few people have probably taken a look at the quality of early 911's in the $10k price range and decided that a 120,000 mile SC w/ original paint, service records and ownership history is a better bet than the rusty 110hp 911T with broken odometer and 5 color changes.

[aigel]

Good point that the early car craze may actually have pulled the later cars with them. Even 76 and 77 years are not available for under 12k it seems.

George

[Wayne 962]

The deals are out there - you just need to look in the unobvious places for them and act quickly (that hasn't changed).

What has happened is price compression. The crappiest cars used to fetch $8K. This what I paid for my SC in 1999, and it was for sale on our site for many months at that price. At the time a really good SC would fetch near $20K. Nowadays, the crappy cars are still about $7-8K, but really good SCs seemed to have compressed the range to about $8K-$13K. The issue is that the prices have dropped on the Carreras (which are a more refined and more powerful version of the SC), putting price pressure on the SCs.

The 911SC will always be priced less than the Carreras (in my opinion), as they look the same, have the same body and style, and are basically an mid/early (but good) version of the 1974-89 Carrera.

I think that the 1987-89 Carrera will hold it's value well - it's really the best of the 1974-89 line, and there are many people out there who don't seem to care for the looks of the 964s that much.

-Wayne

[Mysterytrain]

Just a thought..but as these cars age they become candidates for a freshening up, be it engine, suspension, interior or paint. When an owner drops the bucks to make the car nice again I would assume they would want to see a return on their efforts. Hence, the price of the nice cars begins to creep up.

[emcdan]

I think that the late body styles are commonplace and many other manufacturers have a similar appearance. The look of the older body styles seem to get more attention nowadays. The baby boomers are snatching up the SCs and Carreras as second cars and or project cars, making the demand a little higher.

[edward993]

Every now and then, I look up SC/Carrera prices for the heck of it. And I gotta agree. Since I've had my SC for almost two years now, I have seen prices still all over the map, but certainly NOT dropping. If anything, they seem to have stabilized if not climbed just a bit (more true of the cars in better condion. Glad I got mine when I did.

Edward

[Superman]

Originally posted by Wayne at Pelican Parts
The deals are out there - you just need to look in the unobvious places for them and act quickly (that hasn't changed).

What has happened is price compression. The crappiest cars used to fetch $8K. This what I paid for my SC in 1999, and it was for sale on our site for many months at that price. At the time a really good SC would fetch near $20K. Nowadays, the crappy cars are still about $7-8K, but really good SCs seemed to have compressed the range to about $8K-$13K. The issue is that the prices have dropped on the Carreras (which are a more refined and more powerful version of the SC), putting price pressure on the SCs.

The 911SC will always be priced less than the Carreras (in my opinion), as they look the same, have the same body and style, and are basically an mid/early (but good) version of the 1974-89 Carrera.

I think that the 1987-89 Carrera will hold it's value well - it's really the best of the 1974-89 line, and there are many people out there who don't seem to care for the looks of the 964s that much.

-Wayne

Heresy! The SCWDP is watching. Your membership is being reviewed, and hangs by a thread. If our investigative officers come visit you in the middle of the night wearing black trenchcoats, just answer their questions as completely and honestly as you can.

[Rick Lee]

Edward993, you anc I are in the same boat. My 993 is retired from track duty and the SC is the track car now.

I got mine for $11k and it was and is cosmetically almost new. Mechacially, it needed about $9k to make it perfect for the track and keep street legal. So I have $20k into it now and it's as good as they come. While I feel ahead of the game, only having $20k into a very perfect car, I doubt I could get that much out of it. See what a beater she is.

[mshriner]

Here are some live comparisons. Looks like Wayne is right on as usual. I just did a search/ very quick look on www.craigslist.org SF Bay area for SC's only under 15K.

Apr- 4 1982 Porsche 911SC Targa Pacific Blue Color - $10000 (los gatos) pic

Apr- 4 Porsche 1979 , 911 SC , With History - $14300 (santa cruz) pic

Mar-30 82 Porsche 911 SC photo link ... - $10000 (alameda) pic

Mar-30 Porsche 911SC 1982 - $8400 (oakland piedmont / montclair) pic

[Scooter]

Originally posted by Wayne at Pelican Parts
The deals are out there - you just need to look in the unobvious places for them and act quickly (that hasn't changed).

What has happened is price compression. The crappiest cars used to fetch $8K. This what I paid for my SC in 1999, and it was for sale on our site for many months at that price. At the time a really good SC would fetch near $20K. Nowadays, the crappy cars are still about $7-8K, but really good SCs seemed to have compressed the range to about $8K-$13K. The issue is that the prices have dropped on the Carreras (which are a more refined and more powerful version of the SC), putting price pressure on the SCs.

The 911SC will always be priced less than the Carreras (in my opinion), as they look the same, have the same body and style, and are basically an mid/early (but good) version of the 1974-89 Carrera.

I think that the 1987-89 Carrera will hold it's value well - it's really the best of the 1974-89 line, and there are many people out there who don't seem to care for the looks of the 964s that much.

-Wayne

Since we are giving opinions, I have to opine as to why I disagree with some of this post. I do see prices in the high teens to low 20's for a "really good" SC. Do I agree with this price? It really doesn't matter if I agree, what does matter is that this is what is in the market place. It does appear that prices are up compared to a few years ago (at least in my area). I attribute that partially to the recovery of the economy after 9/11. I think, to a certain extent, Southern California has its own market compared to much of the rest of the country, so Wayne's comments may be more applicable to the micro-market of Southern California.

Also, I have seen an increase in demand for the 964 in the last year. Many people have caught onto the fact that the 964 has many of the improvements that are desireable. I personally like the looks (biased of course ), but even if you don't like the look, it should be cheaper to change the bumpers out on a 964, rather than build up an earlier car with similar specs to the 964 (which some have done). Also, if performance is the most important factor, the 964 has better aerodynamics than earlier cars. True it is heavier than early cars, but you can lose a lot of that added weight.

Again, this is just one person's opinion.

[Nickatnyt]

And every year that goes by there is simply less decent/good/excellant cars to choose from. Add some inflation to the mix as well. The biggest problem I see is the pool of buyers shrinking if gas sky rockets and interest rates go higher (lots of peoples mortgages going up with that).