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-   -   Anyone Else Find Rising 911 Values Discouraging? (http://forums.pelicanparts.com/showthread.php?t=828339)

JJ 911SC 09-23-2014 08:32 AM

Quote:

Originally Posted by Doug&Julie (Post 8272209)
Porsche 911 Soft Window | eBay

$225,000. That's just stupid...

Or save around $50K (after the exchange rate) and get this 930:

Porsche 911 1996 Montréal Porsche Prestige - Groupe Gabriel

'71 911E Coupe 09-23-2014 08:53 AM

Yeah I think this goes both ways. Its great to have them rise in value but I look at it the other way too. I restore/own my cars because I love them. That's why I bought them. And I don't see being able to buy another long hood and a 993 (the two other 911s I really want) anytime soon. Guess I am going to have to learn how to be patient and wait for prices to drop or me to learn how to save money. :)

Doug&Julie 09-23-2014 05:27 PM

Sadly, I think long hoods are "long gone" from my perspective. But I've seen a fair amount of 993s at more "reasonable" prices…like this one...

http://forums.pelicanparts.com/porsche-cars-sale/829430-1995-porsche-911-993-carrera-c2-manual-guards-red.html

pmax 09-23-2014 05:47 PM

Quote:

Originally Posted by Doug&Julie (Post 8275318)
Sadly, I think long hoods are "long gone" from my perspective. But I've seen a fair amount of 993s at more "reasonable" prices…like this one...

http://forums.pelicanparts.com/porsche-cars-sale/829430-1995-porsche-911-993-carrera-c2-manual-guards-red.html

Yeah, the long hoods are off for me as well.

When a 911T can be double or triple the price of a much "better" SC, it's just not worth the money to me.

stealthn 09-23-2014 06:42 PM

You still have to wonder when people post stupid high prices, are they A. Jumping on the bandwagon, B. Think their car is the rarest of the rare, or C. Clueless as can be.

Just look at our fir sale forum, there are a couple of prices there I wish I could reply on cough RSA cough

GT3DE 09-23-2014 07:17 PM

The high prices bring out higher prices...hidden and stored and forgotten cars just sitting now may bring a possible winfall and so why not ask for a rediculous asking price. And maybe they sell.
I got into longhoods 2.5 years ago. Got one at 23k. Then another at 36. Latest one at almost 60. All 3 drivers needing work. Thought I'd hot rod one of them but scared to do anything but restore stock - for its "value". I guess that is the part that is pissing me off most about this ever increasing prices.

RonA. 09-24-2014 06:46 PM

Doug,
I bought my first Porsche in 1970. Back then we could buy a used 356 for under $4K, have owned
several 911's including a 68 S, several 912's and several 4 cams including one 756. Am I sad about the rising prices? Yes. Mainly because that cuts off the real enthusiast who appreciates the little things and who is in on a shoestring. I recall owning a 63 2000GS as my only car that had a bad starter bushing so I always had to park it on hills. It was great fun. Looking back I am grateful for all the fun experiences with these wonderful cars. Several that I owned are now in the $250k range and one in 7 digits but it was/is always a hobby for me. I manage assets for a living so always wanted the little cars for fun. In short while it saddens some of us to see these cars out of our reach be glad you have had some fun along the way. Ron in MD.

Ronnie's.930 09-24-2014 07:10 PM

Quote:

Originally Posted by GT3DE (Post 8275521)
Thought I'd hot rod one of them but scared to do anything but restore stock - for its "value". I guess that is the part that is pissing me off most about this ever increasing prices.

No offence, but what is there to be afraid of? It's your car, so why not do what you want with it?

I have a 1987 Turbo, and do whatever I want to it (that I can afford, that is)and don't give two ****s about the "stock for resale" concept.

The increasing prices are fine by me as I am not shopping for a 911 and the rise has no bearing on what I do with my current car.

BTW, plenty of people on the 930 forum have the same concerns that you do, so that's definitely something shared by others, but I guess I don't understand it.

techweenie 09-24-2014 09:19 PM

Quote:

Originally Posted by GT3DE (Post 8275521)
The high prices bring out higher prices...hidden and stored and forgotten cars just sitting now may bring a possible winfall and so why not ask for a rediculous asking price. And maybe they sell.
I got into longhoods 2.5 years ago. Got one at 23k. Then another at 36. Latest one at almost 60. All 3 drivers needing work. Thought I'd hot rod one of them but scared to do anything but restore stock - for its "value". I guess that is the part that is pissing me off most about this ever increasing prices.

When I want to build a hot rod (and that's just about 100% of the time, BTW), I buy a car that has already lost its original engine. So much for the value/guilt issue. I call it a 'get out of jail free' card.

Just finished a 72 Sportomatic that lost both its engine and transmission before it came to me. Now has a 3.2. Next project is a rolling shell 72 I bought. Came with nothing at all. No worries.

Patrick3000 09-25-2014 02:55 AM

Quote:

Originally Posted by techweenie (Post 8277480)
When I want to build a hot rod (and that's just about 100% of the time, BTW), I buy a car that has already lost its original engine. So much for the value/guilt issue. I call it a 'get out of jail free' card.

Just finished a 72 Sportomatic that lost both its engine and transmission before it came to me. Now has a 3.2. Next project is a rolling shell 72 I bought. Came with nothing at all. No worries.

I like this approach for a hot rod and use it as well. One other thing I look for are stalled track car projects that can be brought back to the street without to many modifications. A bonus is that most of the track bits can be sold for .50 cents on the dollar to keep the overall costs in check.

GothingNC 09-25-2014 04:14 AM

Wish I could travel back in time...

I found this in my late uncles garage a while back.

http://forums.pelicanparts.com/uploa...1411647037.jpg

1957 356 Coupe for $900 in 1971 is $5,200 in today's dollars..

Aston Martin DB 4 GT 1963 $2,200 in 1971...:(

CountD 09-25-2014 06:26 AM

A Maserati Birdcage for $3k.

gshiwota 09-25-2014 07:07 AM

Where's Marty McFly when you need a flight to Switzerland?

NYNick 09-25-2014 08:09 AM

That list makes me seriously sick to my stomach with "if only".

vracer 09-25-2014 10:35 AM

And how much were YOU earning in 1971? With how much to spend on a toy car?

GothingNC 09-25-2014 10:44 AM

VW Beetle in 1971 was about $1,875, $400 cheaper than the Aston Martin.

christiandk 09-25-2014 10:56 AM

That doc is so cool.......**** the money!

Doug&Julie 09-25-2014 02:02 PM

Quote:

Originally Posted by Ronnie's.930 (Post 8277287)
BTW, plenty of people on the 930 forum have the same concerns that you do, so that's definitely something shared by others, but I guess I don't understand it.

I can't speak for them, but maybe some further insight based on this comment…

Quote:

Originally Posted by Ronnie's.930 (Post 8277287)
...as I am not shopping for a 911...

I am. I mean, I'm not really at the moment, but all of my life I've been able to "shop" for a 911. It's not a dissatisfaction for the car I have, it's a desire to experience more from the Porsche line-up. So I'm "always" looking for another 911…or just another Porsche. But these rising prices mean there is a very real possibility that the '86 I have now may be the last 911 I'll ever buy. I find that very disheartening.

I do agree with the "it's your car, do what you want to with it" mentality. I think some of the concern for the "value" of our cars going up has to do with replacement if something happens. It's an extreme example, but I guarantee you I'd drive a 918 Spyder differently than I'd drive a stock Cayman. I only paid $18k for my 911, but I'd be a different driver if I knew it was "worth" $100k. That may not be right, but there it is...

Ronnie's.930 09-25-2014 02:42 PM

^^^ Good points,Doug. My car behavior/experience is much different than yours. I'm 46 and have only owned 7 cars/trucks in that time (most of them inexpensive beaters), and have never bought a new one (other than one new Ducati many years ago, but that's obviously not a car). And my 930 is the only 911 I have ever owned (or driven, for that matter). I have owned two other Porsches, two 914s when I was in my early to mid twenties, but that is the extent of my Porsche buying experience. In other words, I almost never buy, or shop for, cars - I hold on to whatever I've got for decades, it seems. The only other Porsche I would possibly want to replace my current one with is a 993 GT2, and that is out of my reach, so I don't even consider it.

Very good point about replacement cost; if my car was totaled or stolen, I would not be able to buy the equivalent even with a realistic insurance payout, so I definitely agree about that.

Also, if I did not already own my 930 (bought it about 7 years ago), I could not possibly buy one now, so I definitely understand that angle.

I do not understand, or agree with, the "stock for resale value" concept simply because I do not think like that since I do not frequently buy and sell cars. I buy, I keep, and therefore do not care about resale value. But even if I did care, I would still modify to my heart's content, as that is what these cars are all about, to me.

JJ 911SC 09-25-2014 03:02 PM

40K for an 85 is getting close to/above the 993 price.

I did not think a kind of low mileage would command that much of a premium.

http://forums.pelicanparts.com/porsche-marketplace-discussion/831351-need-help-pricing-85-targa-49-000-miles.html

Doug&Julie 09-26-2014 07:27 AM

Quote:

Originally Posted by Ronnie's.930 (Post 8278752)
I do not understand, or agree with, the "stock for resale value" concept simply because I do not think like that since I do not frequently buy and sell cars. I buy, I keep, and therefore do not care about resale value. But even if I did care, I would still modify to my heart's content, as that is what these cars are all about, to me.

I hear ya. I think, in the collector world, originality is king and will always bring the best value. And when prices go up, people can't help but think about their cars as investments rather than fun toys. But I'm with you (even if I joke otherwise), and I plan to keep my car for a long time, and I don't plan to keep it "stock".

Quote:

Originally Posted by JJ 911SC (Post 8278784)
40K for an 85 is getting close to/above the 993 price.

I did not think a kind of low mileage would command that much of a premium.

Yeah, I see it in every level of 911…remember when the 964 C4 was the ugly duckling of the 911 world? Well evidently we're over that… :rolleyes:

Cars for Sale: 1990 Porsche 911 Coupe in PORTLAND, OR 97209: Coupe Details - 378150994 - AutoTrader.com

SilberUrS6 09-26-2014 07:56 AM

WOW, that's a really optimistic price for that car!

I was just thinking back three/four years ago - 964s like that were trading hands in the low to mid teens. LOL.

black_falcon 09-26-2014 12:53 PM

Quote:

Originally Posted by Doug&Julie (Post 8279696)
Yeah, I see it in every level of 911…remember when the 964 C4 was the ugly duckling of the 911 world? Well evidently we're over that… :rolleyes:

Cars for Sale: 1990 Porsche 911 Coupe in PORTLAND, OR 97209: Coupe Details - 378150994 - AutoTrader.com

And rightfully so. I remember when I drove my first 964 back in 2012, didn't make it two blocks before I said "holy chit this car is amazing and very underrated". Given the prices of 993's, I see no reason why the 964 shouldn't be in the same ballpark. Similar mechanics, built in smaller numbers, traditional raised headlights, etc.

That '90 Baltic Blue is stunning, hell I even like the D90's. I think it's been listed a few months now, but someone will eventually grab it.

bonzer5 09-26-2014 07:35 PM

I dig all the points about the 80's and 964s. It's all about perspective. So ya, the long hoods can be discouraging, but those 80's SCs and Carreras and 964s get a little breath of life now that it's worth the bottom line to do those engine rebuilds and restorations because of what the cars are worth.

It's all about perspective. This doesn't matter know, but I'm thinking in 10 years what would you want when all cars are "drive by wire" and PDK? I would want the closest connection to the road possible, better yet an air cooled connection!

Doug&Julie 09-26-2014 07:44 PM

Quote:

Originally Posted by SilberUrS6 (Post 8279738)
WOW, that's a really optimistic price for that car!

I was just thinking back three/four years ago - 964s like that were trading hands in the low to mid teens. LOL.

Well…examples like that were never trading for low to mid teens. But yes, I bought my 964 for $11k. Granted, it was high miles (around 150k) and "needed a little work" (PPI came with a $12k bill if I did everything on it). Cars like this were in the mid-high twenties, I'd say. And they are great cars. Their values evidently just skipped the $30k range and jumped right to the $40ks! :p

SilberUrS6 09-27-2014 07:18 AM

Quote:

Originally Posted by Doug&Julie (Post 8280541)
Well…examples like that were never trading for low to mid teens.

Actually, yes they were. I drove two of them. I could have had one for 13.5 and the other for 16. Maybe lower, if I were very charming with the negotiation.

But then again, I could have had an RSA for high 20s and a 965 in the 40s.

Ahhh, where did I put that time machine....

Doug&Julie 09-27-2014 07:22 AM

Quote:

Originally Posted by SilberUrS6 (Post 8280815)
Ahhh, where did I put that time machine....

Tru dat, yo…

Might be an interesting topic for another thread…"Shoulda / Woulda / Coulda - What Regrets Do You Have in the Porsche World".

SilberUrS6 09-27-2014 07:28 AM

Quote:

Originally Posted by Doug&Julie (Post 8280819)
Tru dat, yo…

Might be an interesting topic for another thread…"Shoulda / Woulda / Coulda - What Regrets Do You Have in the Porsche World".


Are you kidding me? I have about a dozen. I'll give you another one that I have told elsewhere:

My cousin's husband was selling his SWB 912. A little surface rust on one of the front fenders, but that was it - even the headlight buckets were good looking, and the battery area was clean! It drove well, and the suspension was good.

$8500. Why did I pass it up? I didn't have a place to put the car.

[facepalm]

Doug&Julie 09-27-2014 06:23 PM

Around 2000 - 2001 (ish) a guy with a solid driver '68 911 was offering it up for quick sale at $7500. I could have paid cash for it. But I had a '72 and thought two old 911s would have been silly…smh...

SilberUrS6 09-27-2014 06:33 PM

Quote:

Originally Posted by Doug&Julie (Post 8281487)
Around 2000 - 2001 (ish) a guy with a solid driver '68 911 was offering it up for quick sale at $7500. I could have paid cash for it. But I had a '72 and thought two old 911s would have been silly…smh...

Damn. :(

I have a dozen stories of "the one that got away", and only one of them was due to not having the right amount of cash at the right time. All the rest were for stupid reasons.

wgwollet 09-28-2014 07:12 PM

I bought a new ��1967 Corvette Convertible for $4,200 on 12/03/1966.

wgwollet 09-28-2014 07:13 PM

Oh, and I made $3.24 hour working for GM in 1966.

Doug&Julie 09-29-2014 10:54 AM

Quote:

Originally Posted by SilberUrS6 (Post 8281500)
...All the rest were for stupid reasons.

Yeah…me too. :(

pmax 09-29-2014 11:34 AM

Another data point ... well sorted but higher mileage SC appears to have sold easily in the mid 20's

http://forums.pelicanparts.com/porsche-cars-sale/830921-fs-1982-porsche-911sc.html

techweenie 09-29-2014 12:02 PM

Quote:

Originally Posted by Doug&Julie (Post 8280819)
Tru dat, yo…

Might be an interesting topic for another thread…"Shoulda / Woulda / Coulda - What Regrets Do You Have in the Porsche World".

I was visiting a friend in the Bay Area in '06 and he had a car under a cover in the front yard. Said 'look at this!' It was a white RS with red stripe. He needed $72K. I a.) didn't have it and b.) couldn't imagine tying up that much money in one 911.

ASD 09-29-2014 02:01 PM

there are a million of us who coulda and shoulda. I for one worked at a Volvo dealership, we traded in an 80 911 for 5000. Also a not sure what year 356 for 11000. This is like 15 years ago. But also there was a Mustang GT fastback / shaker hood early 70s for 6000 on our lot. Jeez. If I knew then...

Jrboulder 09-29-2014 04:12 PM

On the surface, the rising values piss me off. I probably would have blown through my 912E then a couple of 911s and and I'd still be bouncing around between junky project Porsches as I get bored with them. But in reality it's just made me hold into the car I already have and actually put in the time and the money to make it what I want.

1975porsche 09-30-2014 12:11 PM

Here's a thought for you my 1975 911 S sold in 75 for approximately $14,000 the house I live in at the same time 1975 sold for $34,000 the same Porsche now that I own would sell between 15 and 20 and the same house I live in between six and $650,000 ,with that thought the new 911 should be around 300 to 350,000

wally509 09-30-2014 12:22 PM

Wow, I think you picked the right house. The house I grew up in my parents moved into in about 1974 and they paid $30k for it IIRC. The current owners just took it off the market after a year of trying...couldn't even get $300K for it.

From what I see, 10x is more like it, which would make the 911 more like $140k. Not that far off.

JJ 911SC 09-30-2014 01:41 PM

Its all about timing/location...

When I was a kid my father bought half of a duplex for 7K and sold it 72K 5 years later.

That is 6 times and will probably never see that again in my life because I started at 200K

After 18 years my house is at 3 times but would probably max out at 4 times when ever I leave feet first...


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