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weee151
I too have been looking for a 951 and I understand why you think these cars over priced. More than likely this impression comes from the fact there is some real crap for sale in the $6500-$8000 range. But you have to realize that the concept of what a car is worth is what the market will bear not what a book or the perceived value of a car is. IMO you are a little out of touch with what the market will bear for low mileage examples of these cars. Most 951 are approaching 20 years old. The number of low mileage unmolested cars is very low and the demand seems to have picked up for these cars in the last year. Low supply and high demand equates to higher cost. A car like hypothesized above with 10k original miles in pristine condition would more than likely sell for twice the $11-12k you suggested.
The biggest problem with the 951 is the cost of maintenance and the age. Even lower mileage cars (say 75k range) require maintenance merely because of the age. Many of the cars for sale are cars that someone can’t afford or doesn’t want to spend the money on performing major maintenance.
It is not that the 951’s themselves are over priced it is the fact that the examples that are for sale are over priced given the conditions of the cars. I think if you talk with people who have actually sold one of these cars recently that $7500 is going to get you a car with somewhere between 105-150k miles. With varying degrees of maintenance done on them.
That said there are definitely some owners that are out of touch with reality in their expectations of value. There are many cars with mileage in excess of 130k where the owners are wanting top dollar even though, the cars are definite need of attention.
Good luck in your search. Everyone is looking for the bargain but if you find a 951 with under 100k that needs no maintenance for $7500 or less you will be extremely lucky. Be prepared to act very quickly because the car will not be for sale long.
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Brian
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