Fast flip....even relists on Pelican

christiandk · christiandk's Garage

http://forums.pelicanparts.com/porsche-cars-sale/799261-1986-porsche-carrera-targa-rare-guards-red-can-can-red-interior.html

http://forums.pelicanparts.com/porsche-cars-sale/803919-fs-1986-porsche-911-carrera-targa.html

Rare color combo though, but red on red looks cheap to me. Was probably owned by a Beverly Hills hooker originally.

DeeJayOh · 03-31-2014, 09:09 AM

Wow. Didn't even bother to take new pictures.

MrBonus · 03-31-2014, 09:37 AM

That is one lazy flip.

Matt Monson · 03-31-2014, 09:46 AM

Suggests that some of these $25k Carreras are a bit underpriced.

ASD · ASD's Garage

ya gotta like red! I do but just not that much of it

Rot 911 · 03-31-2014, 12:35 PM

Quote:

Originally Posted by Matt Monson

Suggests that some of these $25k Carreras are a bit underpriced.

Or that people have worked themselves up into a lather that these cars are worth more than they really are. Only time will tell, but I really see the short hood market as a bubble.

COLB · COLB's Garage

Quote:

Originally Posted by Rot 911

Or that people have worked themselves up into a lather that these cars are worth more than they really are. Only time will tell, but I really see the short hood market as a bubble.

The difference between $25k and $32k is substantial in percentages, but in real terms, $7k is not a heck of a lot for a car.

Certainly not enough to be a real "bubble". Even if there is a market correction -- and I think it is likely at some point -- air cooled cars aren't going to go to zero.

Even in a severe correction, I would expect them to bounce back toward the $20k level they have generally hovered around, then begin to appreciate again.

Real bubbles involve cars like Mopars, that were $10-20k cars, suddenly trading for over $100k based on artificial scarcity: "Yea, there were 89,000 Dodge Chargers made in 1969, but this is the ONLY ONE with a 440, 4 speed, in Purple...with a cigarette lighter, dual antennas, a visor mirror, and an 8 track.".

The biggest market correction for air-cooled 911s I can visualize still pales in comparison to the average 5 year depreciation on a new BMW. So I'm not going to get my panties in a wad about it.

Of course, it is easy to say since I already have one in the garage.

MrBonus · 01:11 PM

Quote:

Originally Posted by Rot 911

Or that people have worked themselves up into a lather that these cars are worth more than they really are. Only time will tell, but I really see the short hood market as a bubble.

I keep hearing this and I'm not sure why. There won't be more of them made anytime soon. They still represent a clear separation point in the 911 design, and the last of the simpler design. Frankly, in the world of classic cars, they're relatively inexpensive and a wealth of accessible aftermarket parts make them palatable to collectors and drivers alike.

Why are their market a bubble?

speeder · speeder's Garage

Shhhhh...there's $$ to be made around here.

PushingMyLuck · 03-31-2014, 02:31 PM

Those miles are low.
Original seller could have gotten more.
I give this flip 2 thumbs up.
Mileage is the #1 factor in price.

914agogo · 03-31-2014, 02:57 PM

assuming the miles are real/verifiable!
does anyone here know if there was documentation to support the claim?

Quote:

Originally Posted by PushingMyLuck

Those miles are low.
Original seller could have gotten more.
I give this flip 2 thumbs up.
Mileage is the #1 factor in price.

faverymi · 03-31-2014, 03:22 PM

CodyBoen. hahaha. Real? Fake ? How many IDs?

Wondering how many in here have multiple ID/names….. Just saying.

Now back to teeth….

COLB · COLB's Garage

Quote:

Originally Posted by PushingMyLuck

Mileage is the #1 factor in price.

Every week, a new revelation.

Mileage is important for impact bumper years, but condition is the #1 factor in price.

CountD · 03-31-2014, 04:48 PM

Quote:

Originally Posted by speeder

Shhhhh...there's $$ to be made around here.

Right on.

pete3799 · pete3799's Garage

Could be he never sold it and decided to up the price under a new name.

SilberUrS6 · 03-31-2014, 06:48 PM

Quote:

Originally Posted by COLB

Every week, a new revelation.

Mileage is important for impact bumper years, but condition is the #1 factor in price.

LOL, the more he jabbers, the less he knows.

WPOZZZ · 03-31-2014, 08:32 PM

Quote:

Originally Posted by PushingMyLuck

Those miles are low.
Original seller could have gotten more.
I give this flip 2 thumbs up.
Mileage is the #1 factor in price.

You should have jumped on it during the first go 'round! If you keep waiting, the only one you'll be able to afford will be made by Covin.

SilberUrS6 · 03-31-2014, 09:01 PM

Quote:

Originally Posted by MrBonus

I keep hearing this and I'm not sure why. There won't be more of them made anytime soon. They still represent a clear separation point in the 911 design, and the last of the simpler design. Frankly, in the world of classic cars, they're relatively inexpensive and a wealth of accessible aftermarket parts make them palatable to collectors and drivers alike.

Why are their market a bubble?

I think I agree. The cars that have slid all the way to rust and destruction are probably already there. Most of the cars that have not gone that way are headed toward the easy, pampered life of collector cars. Lovingly kept away from rust and inattentive drivers. I see a leveling in the market, but probably not a true correction. Even in the last recession, Porsche prices didn't go down all that much. More leveled off and held.

I am sure there are a few more cars undiscovered out there, but I'm guessing they are a small minority. Since folks are beating the bushes for them, they are getting driven out of barns and storage units and into the marketplace. Just like the 356. I think the longhood craze will continue. The longhood frenzy has been driving the other cars, and now a very nice documented 3.2 might approach $40k. A couple of years ago, Something short of $30k would buy you a pristine G50 3.2.

speeder · speeder's Garage

They are not making anymore of any previous model of car. That alone means nothing, though it's the most frequently cited reason why some old car will rise in value.

Accordion bumper 911s are driver cars, period. They made a ton of them, it wasn't that long ago and they're mostly still around. Their performance is just ok by today's standards. They have the iconic 911 shape but lack the beauty and purity of form that early cars have. This is not unique to 911s or even Porsches, nearly every car took a turn for the worse in about 1974, style-wise.

They seem to be getting dragged-up slightly from the absolutely bananas early car market.

SilberUrS6 · 03-31-2014, 09:34 PM

Quote:

Originally Posted by speeder

They are not making anymore of any previous model of car. That alone means nothing, though it's the most frequently cited reason why some old car will rise in value.

Accordion bumper 911s are driver cars, period. They made a ton of them, it wasn't that long ago and they're mostly still around. Their performance is just ok by today's standards. They have the iconic 911 shape but lack the beauty and purity of form that early cars have. This is not unique to 911s or even Porsches, nearly every car took a turn for the worse in about 1974, style-wise.

They seem to be getting dragged-up slightly from the absolutely bananas early car market.

I agree that the longhoods are completely driving the market. I saw, two years ago, driver-quality mid-years going for under $10k. Cars with fixed studs, no thermal reactors, Carerra tensioners, reasonable-looking bodies and interiors - all in the $9k-13k range. SCs in the $10k-19k range. Some VERY nice SCs at $18k-19k. I even saw a couple of M491s in the low $20k area. M491s are trading hands for upwards of $60k now.

Even the mid-year Carerras have really jumped in price.