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Value over time Carrera 3.2
Hi looking for thoughts on what you think the future holds for 84 to 89 cars
will they depreciate more? or do you think that they will start to rise in value? when i do valuations online they only give you a current valuation so i cant research what the same model sold for last year or the year before.. so have no idea if prices have risen or dropped Any thoughts on this matter appreciated :D Robbbyg |
The nice ones are going UP in value. The magazine Excellence does a different model of Porsche for an evaluation each issue. The Carreras are going up overall. I am lucky enough to have an insurance agent that subscribes so I don't even have to copy the article for him. My policy is for an agreed amount that is spelled out. We recently raised that $3,000.00
Overall it is the best toy in the world, it makes me happy every time I drive it, and it is worth more money than I paid for it. |
Well.....I remember similar conversations ten years ago when I bought an SC for $20K. I can buy the same car now for $12 - $15K.
Good low mileage garage queen types will always be worth mony, but anything used and driven will depreciate. Sorry - the cars are kind of a niche thing, and there's lots around to satisfy teh demand for that niche. |
My sense is that prices were steady for the past few years but have dropped a little lately. I would not expect much long term increase as there are quite a few of these cars around. Also, keep in mind that maintenance costs on any 20+ year old car, especially a Porsche, can be substantial. Bottom line....buy one because you like it not because you want to turn a profit.
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They need to double or triple if I'm going to see a profit. In the three years I've owned my '88, I've put $5,000 in the suspension, $2,500 in the top-end, $1,700 in the clutch, and $800 in "small stuff"...
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I don't know if this is a good indication, but according to NADA's classic/collector car pricing, the value of my '87 has gone up a little bit in each of the last 2 years.
Overall, I have to agree that condition, mileage, and records become more & more important to the value of the vehicle as the car gets older. And low-mileage 100% stock garage queens will always demand bigger bucks. Yes, there are a lot of 3.2's around, relatively speaking, but it's getting harder & harder to find one-owner cars, unmodified cars, and/or cars with a verifiable low mileage. It also appears that there may be notable regional differences in pricing. Here in the NY-NJ-CT area, prices may be a bit higher than in some other parts of the country. As expected, the G50 cars also seem to be doing a bit better, value-wise, than the earlier 3.2's. |
Interesting stuff, i was browsing the aussie car sales site the other day and a 1986 carrera with 139000k on the clock was asking $52000 , the lowest priced car i could find was a 1985 Carrera Targa for $36500, im thinking different countries have different prices, we seem to pay more of a premium over our US couinterparts, in US you can buy the same car for half the price.
Then again i only saw 4 cars for sale both privately and trhrough dealers for sale, thats Australia wide! I think we have a lot less cars here or the owners are hanging onto them, which would also dictate the price. Our Glass Guide here (Standard Car Valuers) lists the price of an average 1985 Carrera 3.2 Targa based upon 20000kays or less yearly for age of car Estimated Valuations: $37170-45430 private sale $34900-41300 trade in value $48000-57600 dealer price this is aussie dollar about 95 cents to the us i think but still! Another interesting example My first porsche a 1977 Carrera 3 Targa , 1 of 14 in oz , i paid $34k for since then not a lot of growth, but on the site i saw 2 going 1 at 55k and another at 75k respectively, both coupes on the same page theres a 1977 carrera 3 targa just had ground up restoration with baremetal respray, carrera chain tensioners etc rest factory, for $37500 (could have been my old car) On the other hand I think a lot of people who own them (some anyway) have no idea on values and you can pick up a real bargain, you know the type, a young banker eyes a porsche , buys it drives it 5 times over 2 years gets bored with it and sells it for half the price, doesnt bother to service it etc :rolleyes: |
It would interesting to find out how many left hand drive Carreras were made. There has to be a lot smaller pool of them. That may will be why the prices are so high in OZ.
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i think it would be interesting to know how many of each Engine type were made as well
ie: 930/20, 930/26 both in coupe cab and targas,both US and Row and swiss mkts etc, how many were sent to each country?? maybe a breakdown on it for each year, there doesnt seem to be anything on this anywhere :) |
Holy dooley!
For those kind of $$$, it's almost worth shipping my car to Oz to sell it. According to NADA, which seems to be fair dinkum, a good '87 like mine has a high retail price of 26k$ US or so. If I get lucky, some whacker might give me more, but nothing like the prices in the Glass Guide. |
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i did look into that but Oz laws make it extremely difficult and expensive to import a car more than 20 yrs old.. Anyone got a boat?;) |
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$40k A is probably about $30k US... (don't know current exchange rate, but...). So, it's not THAT much more... |
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I could have bought a 2000 Boxster (at the time) for that. But then again my red SC commands 10x more attention and adoration than a lowly boxster does. I probably have another 4-5K to sink into my car but that is ok compared if I sold my SC for another fun car. |
No need to travel to the land of Oz. Just sell it to a Canadian! California alone has way more
911s than all of Canada. When I paid $25,000 for my '84 you guys were talking about $15-18,000 for the same car. And our dollar is pretty close to the Greenback. If/when I get in the market for another 911 I will certainly be looking south for deals. |
This is a good time to buy a 911. Eventually they will swing up again, and the good ones are still getting top dollar. These cars are not an investment, but if you buy right you will be able to sell well, or at least easily.
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Some cars will always be given more attention, thus more $$$$$$. The ones that stay healthy, and get taken care of properly, will also get the dough. I should be shot for not driving mine but about 1,800 miles since 6-03, when I had the speedometer serviced. I guess it might be one of the "garage queens" but with only one of me, with all of these different cars and trucks, nothing gets much seat time. I'm not complaining, but I am trying to get my OCD of acquiring vehicles under control, I have not bought one in almost a year and and a half now. But... my insurance guy loves me, never misses a holiday or birthday, with a card and a hand written note, thanking me for my support of his children's college fund. I hope they keep going up, or at least do not take a nose dive, so if one day, mine needs to be sold, there won't be much work getting it done.
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given all the time and $$$ I've put into my 89 it is no investment $$ wise. It is an investment in being happy, I like working on it and going with friends and my sons to the track and AX. That's the payoff for me.. Be happy you found a really fun car to drive.
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Excellence magazine, as someone mentioned, does a five year trend on different models. I have some older issues in addition to being a current subscriber, so I have data for about the past eight or nine years.
Generally, Carreras have been appreciating at about the same rate as inflation - 3% per year since the late 90's. This is for Carrera's in general. If you look at low mileage, limited production examples that are very clean, they have been moving at a faster rate. In some cases, much faster. At the other end, an high mileage, hard lived Carreras are rocks with little appreciation potential. The differences can be extraordinary - $10k - $35k or higher. If you are looking for an investment, there are better choices. The insurance and maintenance costs will more than offset any appreciation. The better thought process is 'how do I not get buried by this car'. Bruce Anderson has the best advice and that is buy the best condition, newest 911 you can afford. If you sell, you will probably recover $0 - $.50 for every dollar of maintenace you spend. The amount of time and mileage passed will determine your recovery when you sell. A new clutch last month is worth something, a new clutch 3 years and 15k miles is great, but not going to bring much premium. The best way to make a bad investment is to buy a car that needs a lot of work and you don't do it yourself. |
here in holland they go up a bit. a good 3.2 coupe will go for 18-19K € private.
in deutschland prices are considerably higher, up to 30-40K. |
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Anyone that buys a Carrera as JUST an investment is crazy. A 2% savings at account with compound interest would be a ton better. I have my Carrera because it is a FUN toy that will take me down fun roads and the occasional DE.
The cost of insurance and maintenance is more than the increase in value. The real bottom line is I have a totally fun toy that I love, and after 13 years it is worth more money than I paid for it. How many other toys do that? Look at the price of a used bass boat today that cost 20 grand in 1995. It would be easy to spend 20 grand in 13 years on golf. What would you have but memories and a set of used clubs that are not worth much. Don't buy a Porsche as an investment, buy it because you love the car and drive the wheels off if it. In the end if the toy is actually still worth what you paid for it you are a winner. |
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check it on mobile.de.
lots of dutch cars going back to germany these days... |
Robbyg, I hink our market is a little specialized here in Oz. The Glass' guide prices are at best a really rough guess - you get huge variance around them. Remember that these were rare yuppie cars when new: We have right hand drive 'ROW' models, which is are a rare variant. The top dollars only go to Oz delivery vehicles with matching numbers and history. The only other big markets for these were in UK where rust is a bigger issue than many parts of Oz. Original Oz delivery vehicles in good condition go for good money (Carrera or SC) and are likely to at least hold their value if well maintained and used as they are meant to be (regularly and hard). But (especially with the strength of the Oz $ in recent times) there are lots of LHD california imports and RHD Japanese cars being imported and in the dealer yards right now, so there are some pretty cheap cars out there also. It remains to be seen how well these will do in the long term and what effect these will have on the market for original cars....
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carrera's are very sturdy cars w/ no rust issues. They were produced to the point of dealer discount in the late 80's. I think there will always be exceptional examples of these cars being found in garages down the road.
Now a Club Sport is another discussion...... Limited edition, highly desirable = strong value. |
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Now, I'm all for owning a car to enjoy it (not just a potential investment), but man I wish I had bought 1 or 2 more 911s a few years back. Sure as hell would have done better than 2% even including running costs. Oh well, at least I have one! |
In just 4 days I will have owned my 85 Carrera for an even 20 years.
It is easily worth 50% more than I paid for it. I have driven it over 80,000 miles or 4,000 miles per year. I have driven it to California three times, the the east coast twice and almost to the coast once. Next year I will drive it through all the far NE New England states on the way to my goal of driving my Porsche in all the lower 48 states. It has been on several tracks from Laguna Seca to Roebling Road at speed and all the way to the upper peninsula of Michigan. In that same 20 years if I had put the money I spent on it in a conventional investment that would be worth way more than the car. But I would have missed out on 20 years of smiles 100 or so autocrosses and several DEs and 20 years of fun driving. Yep it was worth every penny. :D:D:D:D http://forums.pelicanparts.com/uploa...1440529381.jpg |
I picked up some parts today for my 89 3.2 from a guy that bought a 1977 Turbo roller for $12,000. Then he paid $4500 for the 3.0 engine and a little more for the matching trans. This was back in 2008. Guy looks like a genius today.
Like others have said - maybe it is not an investment - but as GH85 has done - keep it, drive it! |
value over time carrera,read this.
Examples that are low miles ,stock original is probably really critical
if you want to keep your value up,interesting now at pebble beach new class is changing in the world of classic cars, where emphasis on originality is paying off,one example ,last january scottsdale ariz two virtually identical 1956 Mercedez 300sl gullwing coupes,both painted black red interiors were on offer, but any similarity ended there.It was like beauty and the beast,one car was perfectly restored 10 point example,the other was untouched,filthy, sagging headliner, torn seats, rats nest under the hood. The ugly duckling sold for $1.9 million, $500.000 more than its twin, .This is what is happening now in the classic world, so think before you change that original item on your Porsche.Importing a few facts the dollar exchange today is 72cents to US dollar,you can not import a left hand drive to Ausy unless its 30 years old,shipping cost,allow at least $600 for wharf costs, plus GST charges on all the above.at 10%,so it costs can be higher than you think.A photo of my latest import 9 months ago,complete stock 44000 84 Carrera.http://forums.pelicanparts.com/uploa...1440547366.jpg http://forums.pelicanparts.com/uploa...1440547472.jpg |
Bought my car to drive around and for the few autocrosses that I can attend. I don't mind the price appreciation, though it hurts that I couldn't buy another one as easily as I did 4 years ago.
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The rule for importing into Australia is: 1) If the car is made before Jan 1, 1989 you can import it. There are several companies that can handle all this for you. 2) If the car is made after Jan 1, 1989, you can only import it as a 'Personal import' which means you have owned and driven the car in the source country for 12 months or longer. This requires documentation - registration and insurance records, parking permits, service records withe mileage and copies of your passport to make sure you didn't fly in, buy it, stick it in a warehouse and then fly back 12 month later. The current travels of the blue 911 up the West Coast are being done by an Aussie - because the car is pre-1989 he can just import it when finished. Why Jan 1, 1989? Because that's when they grandfathered in the old rules. But now it is a fixed date. Also, in most Australian states the car must be 30 years old before you can register it as a LHD. Only in one or two you can register a 15 year old LHD car. There are a lot of RHD converted US cars in Australia but these generally sell for less due to the conversion factor (not all conversions are equal). For whatever reason 'Australian Delivered' cars fetch the most money - sometimes a 20% premium. Currently 3.2 Carreras are being advertised in Australia (and apparently sold) by dealers in the $80-130k bracket. Current AUD/USD Exchange rate is .71 so that makes $56-90k USD. Top prices are for late model, low mileage Australian delivery cars in mint original condition. However, turnover is rare at the moment and most cars are sold the same day (or morning) they are listed. No doubt private sales are happening but it's hard to say at what price. It's a while since a converted RHD exUS 3.2 has appeared for sale, so it's hard to say what the cheapest car you could buy is. |
Uk market
Wow UK market is flying. I brought my SC 4 years ago and I have been told its now worth 3 times what I paid for it, I have spent over £3000 on it but worth it.:)
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So here I am in Belgium. Raining old women (yeah I know you do not get that, but think about it) reading this thread.
Dollar signs shoot through my eyes. These US-guys are really ignorant. 12 k for an SC....I am whipping out my checkbook and then I spot it... the thread started in 2008. Damn. Anyway, please PM me if you live in 2008 and believe Twitter is for the birds and want to sell a nice driver SC for 12 K USD. I am paying 10% above market :D |
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My hindsight is 20/20. |
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value over time carrera,read this.
This is worth a look, VW beetle only 9000 miles, ebay 121743965036
sorry ,not sure how to paste to here, some one may do it , thank you. |
time warp
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Many thanks pepebaja.
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