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944 values..all models

PSH

PCGB Member
hi guys

Following on from my comments in the Ace Cafe thread I thought I'd take a look at a number of classified sites to see if the prices have increased as much as i was told..it seems that they have. It's not just turbo's though, yes they still command the highest prices but even the humble lux's have increased substantially. Ok some always try their luck , a lux at just under £9k may be such a case but when you look at the prices across a number of sites, the average is pretty high from both private and trade sellers. I noted that there are a fair few S2's commanding prices over £10k now too. IIRC the cheapest turbo I found was about £8.5k and they go up a long, long way from there which ties in nicely with the figures I was given Monday night at the Ace. Now I do recall an article a few months back stating that turbo's had doubled in price over the previous 6 months, further more that they were expected to double again in the following 6 months, going by the prices being asked in the classifieds this indeed looks the case.
Perhaps, just perhaps our cars are finally commanding the true values they deserve, after all not that many years ago there were few cars in the range that were cheaper, I did a detailed search on Autotrader,,,in fact over 50 pages of all Porsches before getting anywhere near the top S2 prices, no turbo's currently in the adds, perhaps people are realising that they may have an appreciable asset on their hands and not wanting to sell too quickly? Today you can buy Boxster's (most models), Cayenne's (including turbo's), 996's ( including 4S and cars built after the famous rear crank seal had finally been sorted 02) and Cayman's...I did search for 993's but none listed on AT today, looking at other sites the cheapest good car ( ie running and looked after) was £22k so top 944T money but in general these cars have also increased in value by some margin.

What does this all mean? well if you already own one of these cars and are thinking of selling then perhaps you should review your price or better still not sell at all and keep a car that is finally coming of age. If on the other hand you are looking to buy a 944 and especially a turbo you best be quick, they are getting very dear and the cars available seem to be getting scarce . Perhaps this is why there was so much interest in my own car at the Ace Monday night and why people were seriously trying to buy my car, all good news for us 944 lovers don't you think??.....:)

cheers

Pete
 
Sudden increase in value of 944 turbos seems to be the case and I was very surprised recently to be told how much I could possibly sell mine for if I wanted to sell. This is long awaited and overdue good news.
Harriet
 
Yeah, good news. good news indeed. I was at OPC Glasgow yesterday and they were telling me they had a late model turbo in just now, purchase price was £14k and the bill (not final) currently stood at £20K for work done! Not sure if OPC have bought the car or if it was a punter. I then had the 2 parts guys out looking at my car and being very complimentary and reckoning it was worth far more than the one in the workshop!

Stuart
 
Well, yes, I guess so ... but does it really matter?

I've been dismissive of 'Values' threads on this forum before, and fear I will sound like a cracked record by being so again. However the value of my car is not of any consequence to me as I don't look on it as an investment. I paid a fair sum for it 10 years ago when I bought it and it's a great car. However whether it's increased in value five-fold since then or is only worth pennies makes no difference to me; it's not for sale and neither am I planning on buying another one in the near future. In fact, an increase in value for me is probably a bad thing as it will mean increased insurance premiums and a greater chance of it being stolen.

Sitting around talking about how much our cars has increased in value is like sitting around sniffing your own farts; it's not appealing to other people and it gets you nowhere. If you have a good 944 (of any model) then take care of it, maintain it well, don't be shy about spending money to keep it in good nick and enjoy driving and owning it. That's about all there is to it.

Sorry to be all old-fashioned about these things. They are cars, not investments.


Oli.
 
I hear what your saying Oli but think you've missed my point...I also have no intention of selling my car as I told those who tried to get me to sell it Monday night. I'm not one for storing a car gaining in value while also collecting dust and to some extent deteriorating faster than if it was used regularly. My main focus in this thread was the fact that the humble 944 no matter which model is finally getting the credit and vale that it deserves when compared to other Porsche models no matter when they were made. To me and i might add to many others including PCGB members chatting to me on Monday night, the 944 is one of the best cars Porsche ever made...in fact one guy went as far as to say the 944T is probably the best turbo car ever made of any marque. high praise indeed...of course those of us who own them already know this fact....:)


Pete
 
I don't understand people that have no intention of selling their car thinking its good news its worth more now. If the bubble bursts will that be bad news too ?
 
I think that the classic car market is going through one of it's periodic 'daft' seasons.

If you keep an eye on the two main classic car internet selling sites, there are some very ordinary cars of various makes and models asking quite shocking prices. There's also a movement in the market of motors of a certain age... i.e. that's the car I lusted after as a nipper & I can now afford one to play with. Given that the generation that lusted after the 924/944/968 are approaching middle age, it's not surprising that values are rising.

Saying that, having bought an S2 last year & having spent as much as I paid for it on sills & paint on it already, I suspect that the majority of owners are unlikely to ever recover anywhere near the amount spent on upkeep...

Having had various classics in the garage over the past 25 years, I haven't!
 
PSH said:
I hear what your saying Oli but think you've missed my point...I also have no intention of selling my car as I told those who tried to get me to sell it Monday night. I'm not one for storing a car gaining in value while also collecting dust and to some extent deteriorating faster than if it was used regularly. My main focus in this thread was the fact that the humble 944 no matter which model is finally getting the credit and vale that it deserves when compared to other Porsche models no matter when they were made. To me and i might add to many others including PCGB members chatting to me on Monday night, the 944 is one of the best cars Porsche ever made...in fact one guy went as far as to say the 944T is probably the best turbo car ever made of any marque. high praise indeed...of course those of us who own them already know this fact....:)

Well, OK then, the world is waking up to the brilliance of the 944. Rejoice! [:)]

(I personally wish they wouldn't; what other people think about my car is of no consequence to me. Although I do know, deep in my heart, that while the brilliance of the 944 turbo is immense it is sadly eclipsed a teensy bit by the stellar nature of the S2. [;)])


Oli.
 
I can't see classic policies going up too much. I have my car valued at a very nice number and my premium is under £200. It's nice to know if the unthinkable happened I would be well compensated. I too am not selling, but if my car were to be trashed or stolen I know I would be well looked after. This is the part of values rising I like best!

Stuart
 
I agree Stuart...Blade as you point out I have no intention of selling my car so why should it's value matter? well it matters if you love the model which has been snubbed far too long, today a 944 is no longer below the other ranges from the production line when it comes to value, not by a long way...it's always been ahead in ability though...:)
So for me it's value, good or bad has no relevance to me owning the car, however when I fall off my perch perhaps my good lady may be able to get a better return for it, as things are going it may be a very healthy return although personally i would like it to go to my eldest son since he's put just as much blood sweat and tears into it as I have, but that's not easy as we have 5 children although my other main hobby could raise a pretty penny ( far more than the car) if the family decide to sell up my life's works that is, naturally i hope they keep everything within the family...:)

Pete
 
I think that the main reason for rising values of all "classic" cars is quite simple,

stick you cash in the bank and you get next to sod all interest, stick it in a classic motor car and it will gain money faster, the prices are driven by speculators and investors,

the make and model is somewhat a moot point
 
PSH said:
Blade as you point out I have no intention of selling my car so why should it's value matter? well it matters if you love the model which has been snubbed far too long, today a 944 is no longer below the other ranges from the production line when it comes to value,
Pete


Would you pay £20k+ for your car with standard 95k mechanicals ? I'm not having a pop at you necessarily just pointing out that the average working guy will get priced out of these cars. It was good they went unrecognised for the great cars they are, as enthusiasts bought them. Now the 968 CS BS will be smeared over certain 944T's and shiny suits will be buying them instead.
 
hmmm...I don't think it matters if i would or would not pay £20k+ for my car, I don't need to think about it as I already own it, I can say that i wouldn't sell it for that much if that helps. IMHO mileage is irrelevant on these cars, how they've been maintained is far more important, my car has over 195k on the clock now and until it's time off road it was used daily as it is again now, that's what's important for these cars. Mind you there's little if anything on my car that hasn't been renewed or updated/improved, the only part that hasn't been touched yet is the torsion bar, even the gearbox is from the later hardened car.
The engine is brand new, built to withstand far more than Porsche ever envisioned and thus probably unique, it will outlive me that's for sure.
I have owned my car since 98, that puts me in a very good position to know these cars inside out, I know what they were selling for in relation to other models over those 17 years of ownership, I remember when the S2's and 968 commanded more money, mainly as they were later models and the 944's hadn't reached classic status yet. Now all of these cars are classics and the 944 is beginning to show it's true value, there are far less of these cars available today(turbo's even fewer) as there were when I bought mine. I paid top price for my car, at the time it was advertised as the best example of it's class in the country, however I was very new to this class and wouldn't have known any better. My main check was taking a friend who owned a 944T himself for him to check the parts that i wouldn't be aware of, he gave the car the thumbs up and I bought it there and then, best decision I've ever made. There was a 911 3.2 parked next to it with the same price tag, yes i looked at it for one reason only and that was it's status symbol and in my mind thinking I could get a 911 and be one up on my friend, to cut the story short it was horrible, interior showed it's age, not it's condition just it's look was too much VW beetle for me, driving position, pedal layout was bad, performance was bad when compared to the 944T. I used my head and bought the better car rather than the bigger status symbol ..I was new to Porsche's, I was most certainly not new to high performance cars......

Pete
 
I bought a 3 door Cosworth in 1990 and kept it for 13 years so I was no stranger to modified performance cars, I had bikes that would leave it for dead too, and still do. If I was bothered about values I could clear £10k on my turbo now probably, would you Pete ?
 
sorry not sure that I understand the question?...if your asking 'would I sell my car for £10k now' the answer is most definitely no, I've just spent close to that putting the thing back on the road...lol


 
PSH said:
sorry not sure that I understand the question?...if your asking 'would I sell my car for £10k now' the answer is most definitely no, I've just spent close to that putting the thing back on the road...lol
My point is after buying my car, modifying it and running it for 7 years I could sell it and still make a big profit, I'm guessing you couldn't ? Anyway I don't care for the "what's my 944 worth today" type threads so lets move on ?
 
blade7 said:
Anyway I don't care for the "what's my 944 worth today" type threads so lets move on ?


Here here. A sentiment I wholeheartedly agree with.

(And, on a different note, this is my first post ever to this forum from my phone! The new format works much better in mobile form than the old one, so it is an improvement in some areas!)


Oli
 
Reading this post with interest. ALmost every 944 owner I have spoken to in the last year has talked about values... Lets face it we all have our price, but some of us would never sell a car no matter what they were offered. I'm one of those that has my price. As much as I love my 944t & have spent a small fortune on it, if I had the opportunity to sell at a good enough price to recoup that money & some, then why not! Mileage is a load of bollox IMO.. A bag of receipts & evidence that services & belts have been maintained is more important... Although low miles/owners does make a car seem more desirable!

Mines going up for sale this summer, as I feel the bubble will burst, just like the housing prices will. Its just a case of when & I think we are almost at peak!

However I might just have one more trip to the alps before she sells, as the 944 is by far one of the best cars I have owned!
 
phil21turbo said:
Mines going up for sale this summer, as I feel the bubble will burst, just like the housing prices will. Its just a case of when & I think we are almost at peak!


I had long conversations about property prices with my stepson this year, as he prepeared to plow a vast amount of borrowed money in to a project in Wimbledon: an area with a bubble so large it seemed to be asking to be popped!

I, and probably a lot of other people of a certain age, lost fortunes on property in two downturns. The difference now is that even bridging loans are so cheap that they are hardly even factoring in the finance costs. We used to pay 15% on a regular mortgage, they are paying a couple of percent on bridging finance....

Factor in the things that were driving the housing bubble, certainly in the south east, and also the classic car market, and where are we now after the worries of a general election?

Interest on money in the bank barely covers inflation, so other investments are still attractive. We have a stable-ish majority government, so more confidence. We have the Euro-zone in crisis, along with increasing tension in the middle-east. That makes the UK even more of a safe-haven for foreign money than before. We might even be getting a proper airport in London at last, and the left-wing is so on the back foot that there's no realistic threat of a wealth-grabbing Labour government in the forseeable future

Whilst I was the voice of doom six months ago, I'm quietly confident the UK is actually a positive place to be investing in. I can't see the property market crashing any time soon, nor other investment areas such as art or cars.

Whilst cars have running costs that eat in to the return, good ones aren't going down in value soon in my opinion.

Which is a shame, I think. Cars should be used, not shut away. Would you rather see an E-type or a Dino used as a daily driver, or in a museum? I don't know where the right compromise is between 944s being scrapped for the want of a sill, or the increasing tendancy to value low miles, or "not driving the flippin' thing" as I call it. [8|]
 

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