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Did haggerty value go up again?
#1 300k
#2 233 #3 180 For a 1987... Anyone want to buy my driver for $180k? 1987 testarossa... #3 87k Is this a recent update? Seems higher then the summer... |
Thise numbers are not aligned with reality. You can buy #2s all day for $125K.
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It is in Hagerty's best interest to inflate the values.
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Is it just me? When I'm over at Ferrarichat, the guys over there high five each other when the values of their cars go up, say the Testarossa or the 308, but over here when they're told the values of their cars went up, they get bent out of shape and fights break out.
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930 pricing
Dear fellow Pelicanites,
it is my impression that in reality prices are coming down again - you find a good 86 930 offered at 70 k and sold around 55 k or less. Tuning projects - also high quality ones - are going even cheaper. Since I own these cars I would like it an other way but it was sort of a bubble wherein some cars where sold and bought in a speculation manner. I bought very good cars for about 25 k to 35 k since 2013 and now it is plus 10 to 20 k. Porsches are always more realistic and stable - which is good. Cars now are offered at 100 k or more but they are not moving. It seems the speculation zone is saturized now and the market starts to relax again. Best reg. Dirk |
I dont see it that way Dirk. I watch the market, and see different indicators than you.
And with the mainstream media producing perks like this: http://finance.yahoo.com/news/vintage-porsches-rising-next-blue-161833896.html I see a brighter side. |
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You can buy a track dog 930 for $55,000. A nice 930 is now $100,000 A nice 1978/79 930 is now $150,000 A nice 1976 930 is now $250,000 The air cooled market is just at the beginning of a long process of increasing values. Sent from my iPhone using Tapatalk |
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On which data do you base your opinion? |
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On the flip side, I can find 930s for below 80k pretty easily... I hope they both skyrocket, as I own both... I want to believe haggerty, but there numbers are just silly. It almost seems like a typo? |
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I have thought about this and believe the Ferrarichat site is heavily populated with people who made there money investing and this site has more of the trade your time for money group. Maybe we are more passionate about our cars since we work on them more? here we tend to have only one or two?, some bought a used Porsche in the hope of moving up? Drive Porsches more? I think the investor mentality over at Ferrarichat is the best explanation I came up with. |
If we are talking about cars which have been modified more than just a little bit, it is a whole different market and not straight forward.
You may still find sub 100k $ 930s in that segment. But stock or stock'ish for less than 100k. ......I don't think so. |
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First of all, 930s are generally not eBay material anymore. An nice 930 offered on an eBay auction will appear "fishy" by definition now. Furthermore, there is so much going on behind the scenes that it distorts the appearance of things. |
I suspect it's a good business to be in. As the valuations increase the insured tends to take less risk with the vehicle meaning fewer claims but higher premiums for the insurance company. If you have a $650k 365 BB sitting along side your $100k 930 which one are you going to be more likely to run down to pick up a six pack with? Increasing valuations are good, just take the Hagerty valuations with a grain of salt.
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Here we go again.
Driver 930's don't SELL for $100K. Flippers want the prices to advertise as high as possible. Insurance companies base premiums on value and prey on the egos of "collector" car owners and market hype. Hagerty can come buy my 930 for $180K all day long. I'll even wash it for them. eBay is a joke. Think your 930 is worth $100K? Put it on the market for that and listen to the crickets chirp. I just bought an SC and a G50 Carrera for 1/3 the price they ask for on eBay. |
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My friend sold his, reasonably close to stock, 76 driver for 145k $ to a German dealer who immediately sold it to another guy in Denmark (with a profit I presume) And that was 7-8 month ago. If by "Driver 930", you mean " Modified 930" ...... Then you are probably right. But close to stock drivers are definitely pretty strong money now. |
'78-'88 are the years I am talking about. By "driver" I mean a driver; cars with miles and wear, no matter if stock or modified. Cars between #3 and #2 on the insurance scale.
The early 930 and '89 G50 are wild cards having prices all over the place. |
If Hagerty is jacking up the valuation to collect higher premiums, then why don't they do it to all collector cars across the board? They'll surely make more money that way. But they don't. Some go down.
But whenever I post this, it gets ignored like it doesn't exist. But it is a legitimate point. Too tough to answer? |
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"If Hagerty is jacking up the valuation to collect higher premiums, then why don't they do it to all collector cars across the board? They'll surely make more money that way. But they don't. Some go down.
But whenever I post this, it gets ignored like it doesn't exist. But it is a legitimate point. Too tough to answer?" No. They track the trend but don't go in the opposite direction. If the resale values of a model are clearly dropping then they'll drop the insured values but not as much as the actuals are dropping. Same on the uptrend, they inflate the insured values more than the actual resale market reflects. |
100k agreed value on my slightly modified (hehe) 930 with Hagerty
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The only relevance this conversation has to me is what I need to insure my car for... I have no intention of selling so I could care less about it's value. With that to say, I do care about it's insurable value to make sure I am adequately compensated in the event of a loss or if I wanted to try and replace it. - the second half of that sentence opens yet another question... I love the 930 but I don't know I'm a buyer at the $100-150K mark.
Anyhow, just voicing an opinion. - Chris. |
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Maybe Hagertys adjusts their valuations in part based on what kinda of agreed values customers want?
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Definitely need to be covered, but being over-insured is a waste of money. The insurance companies also know the more valuable your car is the less you will drive it, which of course is a win-win for them. I need to get mine appraised and will insure it for that amount.
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Hagerty won't let you blindly insure for any value. When I seriously upped the insured value of my 65 to match the market, they asked for photos.
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The most important part of the valuation - based on personal and horrendous experience, which I do not wish for any to experience - is the fact that an insurance co will total your vehicle if they in any way can get away with not paying the repair bill.
A high appraisal will help us, even in court ( been there) if need be. |
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We're just debating here ;-) |
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Did haggerty value go up again?
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Can't lump 78/79 in with the later cars. Totally different market. Totally different beasts too. Early 3.3s drive handle and accelerate totally different from the tamed down later year 3.3s. After 100s and 100s of 930s selling at $75,000 $100,000 $300,000 we are still having this debate... A nice stock 930 is $75,000. A show car is worth into the low 100k range. Sent from my iPhone using Tapatalk |
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Lol you need to educate yourself on both accounts. Period. Sent from my iPhone using Tapatalk |
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Ronnie, I can sell your car for $50,000 tonight.
When can you meet me??? I won't even charge a finders thee! Let's get this done! Sent from my iPhone using Tapatalk |
^^^
Claiming to be a successful salesman does not prove that you know anything about these cars, which you clearly do not, and there is nothing to "get done" as I have never once expressed an interest in selling my car. |
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