Air-cooled 911 values

[Alan A]

Originally Posted by sugarwood

Umm, you can insure your car for $6,000,000 if you want. Your premiums will reflect that. The higher your agreed value, the more the insurance company profit. That's Insurance 101. Doesn't have anything to do with what someone will pay for it

Let me know which company will let you do that.
I’ll insure the TT for a nice round $5M.
Just in case there’s an accident a week later...

[sugarwood]

You miss the point I was making.
Hagerty said "ok, no questions" because it means more money for them.

[Matt Monson]

Originally Posted by sugarwood

You miss the point I was making.
Hagerty said "ok, no questions" because it means more money for them.

You miss the point that your hyperbole makes you look like a dumbars. They won’t just insure it for whatever you want. That’s a fact. If the car is lost or stolen, with a $5 million value on it, they have to pay that. Why on earth would they expose themselves to that kind of loss?

[dwelle]

c'mon matt, what good is sound logic? you gotta shuga-coat it...

[omnivore]

Luckily I scratched the vintage 911 itch BITD when sanity was more prevalent. Got it out of my system. More recently I say screw this I’ll get a 3x8 Fezza for the same money. Highly recommended.
I do miss a hotted up air pumper though. Just not enough.

[gregwils]

I paid $21,000 in 2007 for an '86 Carrera with 85k miles. The market was fairly strong at the time, but not crazy. A modest 6% annual increase puts me at $45,000 today. 6% is a healthy rate of appreciation, but does not warrant terms like crazy or insane. The real value seems high relative to history, but I think most people loose some perspective of how much values move over time.

An increase of 5% today is a $2,200 more next year. Inflation alone will push prices over $50k for an 'average' 911 in not too many years. Go look at the price of a TR6 or some other ubiquitous vintage British sports car, and all of a sudden 911 prices will seem more reasonable.

[GothingNC]

My friends old Ex- 82 Red SC just sold on BAT for $47K

Little over 210,000 miles
Well taken care of with a few upgrades.
Decent repaint it was before he owned it
AC removed.

Had a fresh engine rebuild with 75 miles on it by a reputable shop.

[Macroni]

Originally Posted by GothingNC

My friends old Ex- 82 Red SC just sold on BAT for $47K

Little over 210,000 miles
Well taken care of with a few upgrades.
Decent repaint it was before he owned it
AC removed.

Had a fresh engine rebuild with 75 miles on it by a reputable shop.

That is a strong number. I wonder how knowledgeable the buyer was?

[ArcticOne]

As I find myself wanting to jump back in to the market, I am one of those gobsmacked by the orices I see. As Gregwils said, the annual increase is modest and if one is 'in the narket' its probably not very noticable. It is when one steps aside from the market and then tries to re-enter that the perception of sanity appears.

In 2010 I bought a 1980 SC for $16K CDN and then sold it in 2015 for $20K CDN. I was feeling good.

Fast gorward 5 years and seeprices now in the $40k - $60K range. Ouch!!

Now being retired its tough to budget for that level of increase. But we shall perservere somewhat. Fortunately being retired also means I can practice patience in my Porsche pursuit.

[NYNick]

Well, you guys brought it up.

A 5 or 6% annual increase in almost anything is not modest, key word being 'annual'. Compounding values? For cars, it's downright unheard of. And it didn't happen that way anyway. That's an 'average' increase.

Looking back, one can always do the math and find outliers. Looking forward is when it gets tough. If anyone had that figured out, they'd be rich.

As soon as you think you've got it figured out, like 3 or 4 years ago, the market will go down. Then up. Then down. Only a fool buys a car to drive expecting it to appreciate.

Buy it to enjoy it. Be informed when you do. If it increases in value, good for you. If it doesn't, who cares? You've got the car you always wanted.

[Transcon]

Originally Posted by NYNick

Well, you guys brought it up.

A 5 or 6% annual increase in almost anything is not modest, key word being 'annual'. Compounding values? For cars, it's downright unheard of. And it didn't happen that way anyway. That's an 'average' increase.

Looking back, one can always do the math and find outliers. Looking forward is when it gets tough. If anyone had that figured out, they'd be rich.

As soon as you think you've got it figured out, like 3 or 4 years ago, the market will go down. Then up. Then down. Only a fool buys a car to drive expecting it to appreciate.

Buy it to enjoy it. Be informed when you do. If it increases in value, good for you. If it doesn't, who cares? You've got the car you always wanted.

Nick hit the nail on the head

[specialtyoneinc]

Asset markets respond positively to low interest rate policy, with QE.

[juanbenae]

Originally Posted by dwelle

c'mon matt, what good is sound logic? you gotta shuga-coat it...

the sweet stump knows all, tells all....

[juanbenae]

Originally Posted by Matt Monson

You miss the point that your hyperbole makes you look like a dumbars. They won’t just insure it for whatever you want. That’s a fact. If the car is lost or stolen, with a $5 million value on it, they have to pay that. Why on earth would they expose themselves to that kind of loss?

if, and i hope there is not a wildfire here in the foothills that im forced to evacuate for im trailering the jeep out along with a copy of my hagerty policy and leaving the 911 in the garage.

[Unobtanium-inc]

Cars make lousy investments but do make a hobby semi-profitable. Unlike being into Horses, or buying a time share in FL, buy and driving a Porsche is both fun and generally a winning endeavor. But if you walk into the whole thing with investment as the first thing, you'll be disappointed and probably not enjoy the car as much, and what's the point in that? I know guys with low mile cars who are afraid to drive them, to me that's just stupid. It's your car, drive it, enjoy it, and when you're dead, you're relatives can debate how good an "investor" you were.

---Adam

[matt930s]

"Not putting miles on your Porsche (Ferrari) is like not having sex with your girlfriend so she'll be more desirable to her next boyfriend." -Jim Glickenhaus

Originally Posted by Unobtanium-inc

Cars make lousy investments but do make a hobby semi-profitable. Unlike being into Horses, or buying a time share in FL, buy and driving a Porsche is both fun and generally a winning endeavor. But if you walk into the whole thing with investment as the first thing, you'll be disappointed and probably not enjoy the car as much, and what's the point in that? I know guys with low mile cars who are afraid to drive them, to me that's just stupid. It's your car, drive it, enjoy it, and when you're dead, you're relatives can debate how good an "investor" you were.

---Adam

[Matt Monson]

Originally Posted by Unobtanium-inc

Cars make lousy investments but do make a hobby semi-profitable. Unlike being into Horses, or buying a time share in FL, buy and driving a Porsche is both fun and generally a winning endeavor. But if you walk into the whole thing with investment as the first thing, you'll be disappointed and probably not enjoy the car as much, and what's the point in that? I know guys with low mile cars who are afraid to drive them, to me that's just stupid. It's your car, drive it, enjoy it, and when you're dead, you're relatives can debate how good an "investor" you were.

---Adam

Dude...stop making sense. First time I ever watched this was the first time I ate mushrooms. And then we followed it up with a viewing of Pink Floyd The Wall. Good times.

https://m.youtube.com/watch?v=-__aX0ApT7w

[wgwollet]

Look the cheapest Porsche buyers are in this Forum, includes me.
But low inventory for air cools will go on worst then today, so prices do not surprise
Me, dealers are worst

[wgwollet]

Many buyers on Pelican still live
In 2008

[Sunroof]

Excellence - has the market value on the longhoods in this months issue. On average values are down 7-9% from last year. They claim that the COVID pandemic is at fault as those in financial straits are selling their collectibles in order to make ends meet. Makes perfectly good sense; however, they do claim, that once this pandemic is over and things are back to normal expect an increase in values. Even with a drop in prices my 1973.5T with a condition between GOOD and EXCELLENT is between 60K and 80K. Still not a bad investment given I bought it for 9K about 21 years ago!

Holding on and enjoying the heck out of it for now.