How much would you guys pay for this 928/5 speed

[crossrocker]

I'm planning on buying and somewhat restoring a 1980 928 5 speed manual. It's original porsche yellow in color with black leather interior.
Paint is relatively good condition, there is some chrome spotting showing at 2 areas by the window sill on the back.
Bumpers are slightly scratched front and back.
There is a rear cam leak which I plan on repairing. The instrument cluster is non working at the moment but will be fixed before going for sale.

I'll be fixing everything mechanically to the best of my ability. More then likely, i won't get it repainted. I will restored to whatever is possible while keeping it as original as possible.

It's gonna be 3k when I buy it and then I will be spending 2 - 4k repairing.
Is it a good investment that I could sell for pretty good? What's the opinion?
Sorry if this is the wrong forum.

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[HugoBear]

I think after the costs and time you describe that you will not make much from doing it. Not a super desired car and there are a lot of them out there in my opinion.

[Josh D]

Personally, I would buy, fix, maintain, and drive a 928 only to keep for myself, but not to flip or invest in (unless it was a GTS).

Market value for these cars are pretty low right now, dispite the fact they really are great cars if taken care of.

[Nick Triesch]

The trouble is many repairs on both the 944 and the 928 can cost more than the cars are worth. Easy. I love them. Just would not buy one.

[tdw28210]

928's are barely above 944 prices - for a reason. They are an aging supercar that requires supercar maintenance. I'd buy a 951 before before a 928 (GTS excepted).

[hbueno]

You may want to post your question on the 928 forums here and on Rennlist for more informed opinions. However, I'll chime in to say that if you're looking to fix and sell at a profit, that probably won't work out, at least in the medium term.

As a 928 owner, though, I encourage you to buy one. It's a fantastic car.

Hugo

[jbird]

I'd buy it. I have a 1980 928 5 speed. The cars are not nearly as complicated and un reliable as the internet would have you believe. I've had 3 911's and have one currently and the 928 is just as much fun to me. Plus if I'm not mistaken yellow is probably a rare color and so is the 5 speed to some degree. Its the first year for the electronic injection too.

[crossrocker]

Thanks for all the opinions guys. I really wish more people would try to convince me to buy it, as it does look breathtakingly good and I feel like I'm getting a fantastic price.
Most people are telling me that I'll be unable to recoup my losses and that parts are expensive as hell.

The reason that I don't think I'll be keeping this car is that I have a big comfy car right now and was looking for something small to replace that. I've realized that the smaller cars are fun to throw around the corners while on big cars you have to be careful.

Do you guys have opinions on what I should pay for it to prevent taking a loss later? Like I said, instrument cluster is non operational and there is a rear cam housing leak. Car is the most amazing yellow I've ever seen, 5 speed and about 110 miles. The shop says it was babied by an older gentlemen which looks to be pretty true. I've got them down to 3k already but I feel like I could do more. Yea?

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[crossrocker]

Originally Posted by crossrocker

Thanks for all the opinions guys. I really wish more people would try to convince me to buy it, as it does look breathtakingly good and I feel like I'm getting a fantastic price.
Most people are telling me that I'll be unable to recoup my losses and that parts are expensive as hell.

The reason that I don't think I'll be keeping this car is that I have a big comfy car right now and was looking for something small to replace that. I've realized that the smaller cars are fun to throw around the corners while on big cars you have to be careful.

Do you guys have opinions on what I should pay for it to prevent taking a loss later? Like I said, instrument cluster is non operational and there is a rear cam housing leak. Car is the most amazing yellow I've ever seen, 5 speed and about 110 miles. The shop says it was babied by an older gentlemen which looks to be pretty true. I've got them down to 3k already but I feel like I could do more. Yea?

Edit. Also keep in mind, I don't need or plan on making a profit. I'm just hoping it would at least sell for what I put into it.
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[Nick Triesch]

It is a 928...Walk away. Years ago My 356 was at the most respected independent shop in San Diego. I saw a nice 928 in the shop being worked on and the owner who was a legend, told me not to buy one of these cars. He said they were too hard to work on. And this guy was the best of the best. That was good enough for me.

[hbueno]

Originally Posted by Nick Triesch

It is a 928...Walk away. Years ago My 356 was at the most respected independent shop in San Diego. I saw a nice 928 in the shop being worked on and the owner who was a legend, told me not to buy one of these cars. He said they were too hard to work on. And this guy was the best of the best. That was good enough for me.

Was he an air-cooled specialist/legend? If yes, that might explain his opinion. Opinions are not facts. It would be interesting to know what caused him to come to that conclusion. My guess would be insufficient experience with the 928.

Hugo

[Matt Monson]

I'd but that car. I agree you need to go post this on Rennlist 928 forum. You will hear a different song than is sung here.

[thamlin000]

Is this car original paint/original owner/all service records since new? All these add value for "Porsche investment purposes". Otherwise this is just a great weekend driver that will hold its purchase value and requires $1000-3000/yr of maintenance, repairs and insurance. in 10 yrs it might be worth double, triple or quadruple the purchase price but this value will be offset by the annual upkeep costs to keep it a viable collector car.

[Nick Triesch]

Look, there is a reason that the average $50,000 new cost 928 is $5000 now. It is because they were beautiful, wonderful terrible cars. The mechanic was an all Porsche great mechanic. And BMW expert. The 928 was an electronic nightmare.

[Nick Triesch]

I love the 928 too! But too expensive to fix. I could never have one because my Wife says they look like a squashed AMC Pacer. And they kind of do. But to be fair, the 911 kind of looks like a squished Bug.

[Matt Monson]

Price Guide Report

Here's something a little more concrete than our opinions.
And just a general FYI, but the late GTSs have actually spiked pretty hard in the last 18 months. Nice ones are almost back up to what they were worth when new.
Price Guide Report

[techweenie]

928 values have been on the rise for several years, but they are complex cars and expensive to fix. It's going to be a roll of the dice for you. You might get lucky and have it not cost you a lot.

With most 911s, you can fall back on parts value as kind of a 'floor' price protection. But the market for 928 parts is very weak. My bottom line: don't invest more than you can afford to walk away from.

[Nick Triesch]

Matt, I get it with the GTs. But they are few. There are a zillion regular 928's on Craig's List. For $5000 or less.

[COLB]

If it runs well and is decent cosmetically, it is hard to go too wrong at $3k. Cool, rare color, 5 speed.

The full purchase price isn't much downside risk, even if you junked it.

But it sounds like a car you have to be interested in tinkering with. The gauges are likely a mixture of bad fuses and corroded connections. Probably fixable in a weekend of effort. but if you are hiring a mechanic to troubleshoot…forget about it.

[Matt Monson]

Matt, I get it with the GTs. But they are few. There are a zillion regular 928's on Craig's List. For $5000 or less.

I'm well aware of that. But this car sounds a little diamond on the rough to me. Yellow with one owner? Like I said, for $3000 I would buy it. I could part it out for more than that. And they are way more reliable than most on Pelican believe.