[QUOTE=coollx;3549452]I'm getting close to purchasing my first 911. It will probably be a 100,000+ mile 1985 or 1986 Targa. I expect to spend around $13,000-$15,000 for a car with good paint and interior as well as good mechanicals./QUOTE]
Hi Dom, welcome to the fold!
Your title says "84-89", but you're actually looking at 85-86. Investment-wise, 86-earlier is a little different animal than 87-later. IMO, the 87-89 G50 Carreras are likely to hold their value over the long term a little better than the earlier Carreras and SCs. Reasons? You're more likely to find a well cared for, well maintiained, lower mileage car, and as time goes by I think more potential buyers will want the G50. That being said, you could find a very nice 86-earlier in your price range, and if you maintain it well it will hold value. But in that price range, an 87-later is likely to have more miles and to be in need of maintenance, so not as good investment-wise. Of course if you are willing to do your homework, search a lot,, be flexible on color and options, and wait until the right car comes along, you might find a very nice G50 for $15K, from an owner who doesn't know current values.
But don't listen to me - I bought an extremely nice, low-mileage, one-owner car, and am pushing it down the slippery slope of modifications, thereby making it a better car for me, but constantly lowering it's investmnent value
To answer your question, yes, IMO they've pretty much bottomed out, assuming there's not a huge crash in the collector car market, or generally for that matter.