928 values

[Nick Triesch]

The average 84-89 Carrera is still worth about $25,000 and the average 928 is worth about $5000. Beautiful junk.

[lowpassat]

Originally Posted by christiandk

Pics please, what did you pay, if I may be so bold to ask?

What did I pay? Just about average for "beautiful junk".

[Matt Monson]

Originally Posted by Nick Triesch

The average 84-89 Carrera is still worth about $25,000 and the average 928 is worth about $5000. Beautiful junk.

The flipside is there are enough guys willing to spend $25-50K on rebuilding a 928 engine that Greg Brown of Precision in Anaheim has been able to largely discontinue other work in his shop and become a 928 engine specialist. There's a waiting list to get an engine done by Greg! He's like the Jake Raby of 928s.

[aschen]

I saw a mint condition manual gts out in the wild recently it looked spectacular. Id love to own one of these as a daily driver.

I think the cars are oven neglected to to the high cost of repairs / market value ratio. I think this is mostly dictated by the lowish market value relative to the 911. A 928 costed about the same as a 911 turbo, is it really much more expensive to maintain than a same year 930 or 965?

If porsche would have had their way and the 911 would have been replaced by the 928, the current market situation could be reversed. Of course porsche is having the last laugh by slowly morphing the 911 into a modern interpretation of the 928.

[speeder]

Porsche is turning the 911 into a V-8, front engine heavy GT car? The things you learn here.

[speeder]

And HTF do you spend $50k rebuilding a 928 engine?? Go in on a machine shop with a bunch of other enthusiasts? Start with a missing engine and buy every part over the counter?

For $50k, I could have a parking lot full of 928s that run well.

[Nick Triesch]

Matt, you are right. There are rich guys like my family Doctor who has a perfect 928 that he spends a ton on and he loves. That is fine....for him. But most of the rest of us it just will not work to own one. Like I said before, I love the 928!

[aschen]

Originally Posted by speeder

Porsche is turning the 911 into a V-8, front engine heavy GT car? The things you learn here.

tongue in cheek....mostly

It is getting bigger and more gt like every generation. Porsche moves slow though, it will be a few more decades until they get to moving the engine to the front or giving it a few more pots.

They could make their job a bit easier by removing 2 doors from the panamera

[Derkbarrington]

I believe most of the negative hype surrounding the 928 is unjustified. If I took the boards / reviews seriously I never would have bought my 964... but due to the negative publicity I got a great deal for a great all round car! Today 964 prices are on the rise and most of the naysayers are gone or have been converted.

The 928 is an excellent Porsche ... its not a 911 ... but best in its class. Even today it looks great and is a blast on the highway. You can cruise all day at 100mph+ with confidence and comfort. The fact you can buy a well sorted one in the $10-$15k range is a gift in IMO.

Hey... someone resurrect this thread a few years from now and prove me right

[hbueno]

Originally Posted by speeder

Porsche is turning the 911 into a V-8, front engine heavy GT car? The things you learn here.

You'll find that the 2014 911 is much heavier than a 928.

Hugo

[COLB]

And HTF do you spend $50k rebuilding a 928 engine??

I would guess custom pistons, cams, and crank, plus carillo rods could easily set you back over $10-15k alone.

$50k sounds like a big number. But there is no telling what kind of silliness people will do with an engine. Especially a V-8 with 4 cams and 32 valves.

[lowpassat]

Originally Posted by hbueno

You'll find that the 2014 911 is much heavier than a 928.

Hugo

Exactly, the 911 is heavy rear engine GT car these days. Are we not supposed to say that out loud?

[ficke]

Porsche made unique sports cars that went against conventional wisdom, rear engine, air cooling, and dominated motorsports with them.
The 928 is just another good front engine, water cooled car like so many from so many different manufactures. Also not an evolution of design like the VW>356>911, the 928 was one of the co.'s first foray efforts into a market segment dominated by other manufactures for years. Couple that with the fact the 928 does not have much in the way of race pedigree compared to the 911/930.
I see no real upside in the 928.

[lowpassat]

Ultimately comparing a 928 and a 911 is like apples and oranges. They are 2 cars that weren't built for the same purpose. Sure the same company made them, but that's were the similarities end. The rest is just that persons individual opinion.
I would put it out there that the real reason that the older 911s are going up in value so dramatically is because the current 911 has wavered so far from that original formula and people recognize it.

But as the 911 market price grows more and more I feel people will start to turn towards the other cars. If the 928 gets brought up with the rest is anyones guess.

People get too hung up on "value", just drive the dang car and enjoy it!

Now can we get back to speculating on 928 values?

[NYNick]

My Porsche specialist has told me:
"If you want an expensive headache, buy a 928."

I still love the looks.

[hbueno]

Originally Posted by lowpassat

Now can we get back to speculating on 928 values?

I speculate that if I sell my 928, prices will go sky high soon afterwards. If I keep it, they will stay at current levels.

Hugo

[Matt Monson]

Originally Posted by speeder

And HTF do you spend $50k rebuilding a 928 engine?? Go in on a machine shop with a bunch of other enthusiasts? Start with a missing engine and buy every part over the counter?

For $50k, I could have a parking lot full of 928s that run well.

Same way you spend $40k with Gamroth or Supertec on an air cooled 911 engine.

About all that is stock is the crankcase and cylinder head castings. And you walk away with 100hp or more over stock.

[93nav]

I think the 928's are great looking cars, but I have strict rules about not buying cars where the weight of the manuals exceed the weight of the car.

When I win the lottery however...........

[christiandk]

Originally Posted by lowpassat

What did I pay? Just about average for "beautiful junk".

Sweet shark!

[Constantine]

Having lived with three 928s, they were not that expensive to keep, about what I would expect for any aging 1980s era supercar from a boutique manufacturer. It seems some of the expense is from mechanic shops who don't know how to work on them and who don't watch out for common 928 problems.

Most also came with automatic transmissions which further alienated those wanting a "real sports car." This stigma wasn't helped by Porsche itself not racing the 928 when it was being produced.

928 values seem to be holding steady for really clean examples, not so much for project cars.

However they will never really be seen by most Porsche enthusiasts as a collectible Porsche worthy of keeping up and so they will always lag behind the 911s in terms of worth and value.

This is also not helped by 928 owners who modify their cars as if they are American muscle cars, not keeping modifications to what Porsche might have done as the 911 owners do.

Just my two cents, YMMV.

Beautiful black 928 by the way, probably my favorite body style, even more than the GTS.

Cheers,
Constantine