I object!
 

Honestly, how can anyone say what a porche is worth? There are so many variables to the value in a mid year that there is no possible way that someone can say without a shadow of a doubt that a '77 is worth about $5000 to $7000. It should cost closer to $12,000-$16,000 if it is in decent condition and low miles and then you should expect that the interior needs some work. (that's always the part that is in not so good condition...fading and cracking)

The first question I gotta ask is what is wrong with it if it only costs that much? 150k miles??? I have a '74 911s widebody with all the percs, 40k miles on a new engine and tranny that I would not let go of for less than $18,000 on a bad day, otherwise I'd ask at least $20,000 for it. It runs like a brand new car, re-built everything and anything that wasn't rebuilt is new including the interior. Perfect paint, perfect everything! If you are going to pay $5,000 for that 77 911 be prepared to dump at least $10,000 into it. So why not spend $17,000 or more for something that is closer to perfect?

I think this needs to be set straight! Value on one of these cars is based on it's condition and the fact that it is a Porsche! By setting the pricing lower on these cars you strip the market value....this is not a ford mustang!! The value on a perfectly maintained mid year Prosche with everything working should be over $20,000 easy.

The amount someone is willing to pay or sell for determines what something is worth. Unfortunately, the mid-70s are a low point for automobiles due to the introduction of crash bumper tests, the effects of OPEC's oil embargo and harsh environmental requirements. The 2.7 engine had more problems than any other P-car engine I can think of, not to mention not the greatest hp numbers.

While I admire a well-kept mid-year, right or wrong, I PERSONALLY wouldn't spend over $10K on one, though I do not look down on mid-year cars as they can be great cars (like any P-car). Why is the popular opinion negative? Midyear engine deficiencies are well known, they are not fully galzanized (rust problems) and they are not as pretty as 356s or chromed out longhoods. That really hurts the collectibility angle of owning a 30+ year old car. Condition is extremely important though and they make fantastic drivers for the money and some of them are emission exempt (I prefer carbs though). I would love to see some pics of your car!!!

Dogh! I knew someone would bring up the OPEC issue and the HP issue...lol!! but still, these are Porsches we are talking about. Hand assembled by German engineers who know their stuff. And re-building a 2.7 litre engine with all the newest methods pretty much makes them one of the best engines ever made. I have searched on line for car values and they are still up over $16,000 for mid years in decent condition. We all need to face the facts, you're gonna put the money in up front or later, either way it's gonna cost the same amount.

http://forums.pelicanparts.com/uploa...1147834737.jpg http://forums.pelicanparts.com/uploa...1147834784.jpg http://forums.pelicanparts.com/uploa...1147834858.jpg http://forums.pelicanparts.com/uploa...1147834913.jpg

Mid Year Values Mid-Teens ?? Huh
 

A car is worth what the market will pay and 74-77 cars maybe up to the 6-12K range again, on average with perfect cars bringing a premium. I guess If all you owned was a pristine example then you would point out numbers like this.

Real World:

From 98 -2001 I was offered Incredibly rusty basket-case RSs for 28K-35K that were restorable. Everything was there. the resto was 50K-60K in the real world and the car would be in the $110K-150K range today

In 98 a friend bought a 77 911S with 30 K original miles that was Perfect for $10K the motor went at 55K miles and with suspension upgrades he has spent $15K on the car. Today it would sell for $12K at most.

With 1987-89 Cars ( which look like all Porsches from 74-89)
selling for 15-25K and SC cars selling for 8-16K in the real world
Why would someone who was prudent with their money spend mid Teens for a 74-77 ?

First time buyers? Suckers, or people who really do not care
what happens to the Value ? I agree they can be a good
buy at the entry level but other than a European 3.0 Carrera
or a never painted never driven concours contender the price of these cars has a ceiling.

I can find a jackalope on the internet, and people hyping stocks to get rich It doesn't change the Value

Buying a Porsche is not an investment of the wise but an investment based on emotion, passion and desire

and there ain't nothing wrong with that

Peace

I guess I just don't understand. Many of the pelicans here won't pay much over what they feel is a good price, however if you go to a car dealer they want top dollar for the cars. Why is that so bad? Why not keep the values up on these and expect to pay top dollar for something that reflects passion and good taste? An old Corvette will cost at least $16,000 to $20,000....is a Porsche not as good?? I think not!

The value of something is what people are prepared to pay for it, not how much the owners think it should be worth. Sellers can offer their 911's for $200,000 if they like... but if no one is going to buy them....

And yes, sometimes dealers are able to get a rich guy (who is uninformed & doesn't want to search the classifieds & run around all day to look at cars) to bite at their 'dream' price.

Everything I have seen suggests that you do not have to pay $16k & up for a 'decent' 2.7 911 or 911S. They are not even advertised for those prices, let alone SOLD. The 2.7 US Carreras do go for high teens these days if they are really nice, really original cars.

Elu,

That is a Nice mid-year you are selling and I would be interested if I was looking for one.
You will just have to wait a while to find the right buyer that is interested in your car.

The problem now is that I am seeing decent 964's going for less then 20k that is putting pressure on the values of Carrera's (Non-g50 models),SC's and Mid-years. I actually might look for a 964 if I ever sell my SC.

Long-hoods and earlier models do not seem to be affected by this.

I think quite a few individuals new to the Porsche scene are scared off of the potential of high maintenance costs and tend to look for the newest well maintained original model they could find. I was the same way until I met up with some PCA members and did a lot of research and took the plunge.

I used to have a 63 VW Notchback 8 years ago that was in very nice orginal condition. It took me 2 years to sell the car but I sold it for the asking price. Unfortunately it's a very strong buyers market out there and all the SC' s and Mid-years I've looked at since the fall are still on the market.

Just keep on driving and enjoying your Porsche :)

Thanks for that one!...lol

I love this car...and you know, once you get them all fixed and set up, they run great and don't require much maintenance. My New VW beetle cost a mint to fix and maintain. Hence the reason I bought the Porsche and sold the Beetle. If you're gonna spend the money, why not buy something you always wanted.

Elu,

That's what I did.
I paid a bit more then what other SC's are going for because it had a recent Top End rebuild by Walt at CE, Elgin Cam's, Higher Compression Pistons, new rod bearings, head studs replaced, New Clutch and related parts, SSI's, Dansk Sports Muffler, Brakes all done, Allwheel bearings replaced, Suspension bushings, Turbo Tie-rods,backdated heat, A/C removed, Lowered, New Bilstein Struts, Original paint in very nice condtion, Interior is almost perfect etc and the car was only a 4 hour drive away for me to pick it up .

Used to be owned by the dorkiphus club founder:D

Only issue I have so far was the rear P/S axle dropping out (oops !).
$50 tow and 18$ in bolts and she's back on the road.

Some buyers are actually interested in finding a project. I was in the market for one that had most of the upgrades installed and then some.

I used to own a New Beetle but my older daughter used to get car sick all the time in the back and I needed somethiong with a bigger trunk so I picked up a Jetta TDI just before the gas prices spiked.
My kids prefer to ride in the Porsche or Thing.

LOL...I hear that.

Elu? I'm very happy for you that you are happy with your accordian bumper car. But don't expect everybody out here in cyberspace to feel the same way, okay? Seeing the pics of your car? I'd say it's very close to "Carol Doda" status...Bling-Bling-Bling. Not my cup of tea...An ORIGINAL '74-'77 with the well known engine problems taken care of one way or another would be more desirable to me. But, that's just my taste. Yours is obviously different. Sorry, but you did kind of ask... :)

An original '74 would be fun and cheap too! Of the breed ('74-'77) these ran the coolest. I owned one once and still miss it.
Anything that had thermal reactors on it ('75-'77) will have issues unless they've been fixed. These were the worst of the bunch.

Tom

Accordian bumper car???...hmmmm....don't know that one. And Carol Doda...if you're talking about sex appeal and large breasts...well ummm last time I checked Porsche was one of the sexiest cars ever made...and what's the matter with a little bling? Isn't that what owning a Porsche is all about?? And as you quote, an "ORIGINAL"...well do some looking around and you'll see that nobody keeps theirs orignial with the select few. It seems everyone is swapping their fenders, engines, bumpers, valances, tails, rear ends...you name it. I didn't build mine that way, it came that way and I bought it because it was put together proper and the engine and tranny were completely re-built proper. A little bling....maybe, but mine is still Porsche completely. The only thing non original on mine is the front valance, tail and some of the interior stuff that in my opinion brings the car into current times. But to say that you own a porsche and it's a plain jane...you are mistaken. Even the simplest of models has bling written all over it. It's a hot car, always has been.

And by the way...no I'm not selling. I was just trying to find out why some people say they should cost one price and then see them listed for twice as much. I repeat, mine is not for sale. It's Carol Doda on wheels....and I get a thrill every time I slip inside her.

I'm happy for YOU. I'd be embarrassed to be seen with Carol Doda...it's merely a taste difference, okay? Trust me on this...pic of my car would probably bore you. Not enough bling...

LOL!!! None of them are boring....not even the simplest one. I have a fetish for p-cars.

I like your spirit, Elu.

Elu, yeah prices do vary. Everyone seems to buy there car real cheap and it has had everything done too. You don't hear much from the others but we are out there. The thing is that once you make your decision whether it is sound, well thought out and researched or just a passionate impulse, the car is yours and you love it. You could have ice water flowing in your veins and never make a bad coice or you could be human. PS I like your car

Thanks Greg.

Point well made. If you like your car, and plan to keep it? Don't worry about it's market value. For me, one of life's pleasures is saying no to offers from collectors.