Are Lux values dropping?

[poprock]

My 2.5 Lux has been up for sale for months now, it just doesn't seem to be shifting.

It's back on eBay again here, at what I think is a pretty damned cheap price.

Even so, people keep emailing me to offer £1,500 "¦ which I'm not prepared to take, this is a beautiful 944 with a lot of very nice parts fitted.

Are 944 Lux values dropping and nobody told me? Or is this just the curse of trying to sell a sports car in the cold half of the year?

 

[edh]

There are quite a few up for sale on Pistonheads at the moment. I wouldn't have said your price was out of line.
Ebay buyers are always looking for daft prices, so £1500 offers don't suprise me.

As always - it depends how long you want wait for the right buyer.

I'd be tempted to flog the wheels separately if they are valuable split rims. I think the car would look better on more standard wheels

 

[Paul Fraser]

Absolutely the wrong time of year. Why not wait three months, you'll get a much better price for it.

 

[locodude]

I think you're both on the right track. There's alot of 944's for sale at the moment so it's a buyers market and with xmas only 2 weeks away not much cash about. As for the wheels it's a personal thing but if I were in the market for a lux I'd want it bog stock and that includes the rear lights, a bit too chavvy for me.

 

[morris944s2john]

Sell it in the spring through the club mag- not through Ebay!

 

[poprock]

At this rate I'm going to have to keep it until the Spring "¦ but that's going to cost me in parking, tax, and giving it a service before declaring it roadworthy again after sitting garaged for that long. I'm not convinced that I'll actually come out any better overall. A sad state of affairs for a lovely car!

 

[PAUL RUDDY]

Sorry but about 2 years ago I sold a lovely red 2.5 lux that had been maintained regardless of cost at main OPC all its life for £1500 , didn't get many calls when tried to sell it above that figure. With hindsight however I wish I had just put it in the corner of the garage and left it for a while.

 

[poprock]

The funny thing is, this time last year I actually made a profit on my first Lux (an '85 square dash). It was a bit of a shed, but ran well. Bought it for £995 and sold it for £1,000!

 

[pauljmcnulty]

Values are dropping, particularly for Luxes. Luxi? [8|]

Early dash is pretty unwanted, and e-bay is full of sheds so a decent one looks very expensive by comparison. Ultimately you are trying to sell a car that's better than average, so you will probably will find a buyer if you hang in. I'd also change the wheels, they do actually devalue the original car in many buyer's eyes, and it's these serious buyers who'll be after a better car.

Christmas, and post-Christmas credit card hangover, means a bad time to sell anything, so you will have to either accept less now or take the risk that you'll get more in the spring. With all the talk of house prices and credit squeeze I'd have to wonder if too many people are going to be treating themselves to a Porsche at the moment?

Depressing, but a lot of perfectly good cars are being broken for spares as they'e worth more in bits. []

 

[will lyons]

I recently part exchanged my 86 lux for a Turbo and as the conversation went He didnt want to offend me on his offer I was asking for 2k at the end of the deal he agreed to 1500 only to find it was a cat C some years ago a little more negotiation resulted in 1200 the car sold in less than a week for 1500 and is now taxed and being driven on a 6 month licence fee.... I did follow its post sale progress as it was on their site within 2 days

Although while I had my Lux I kept up to date with its requirements and worked through replacing worn out or broken parts I would say yours is in better shape and would be worth your asking price,
one thing that is lowering the value of these cars would be the fact people are letting them go for less than we believe the value should be so hold out for the price you want for it prices are better in the spring

The car I bought I realy wanted otherwise I would have not exchanged keeping the lux for another year.
It turns out to be a bit of a gem as only 5 944 were imported in Nile Green colour and has a good history from Promax and Discount 9 autotech

 

[geoff Ives]

Please note that the following is intended to help not insult.

Car for sale on ebay are often cars that would not sell elsewhere so that pulls the price down.
Ocaisionally a good one gets in and a skillful buyer will get a real bargain. I have done so twice.

My advice to you is to try to sell the car where serious buyers are ( not chancers like me []) and as you are a PCGB member what better place than Porsche Post after all it's free. Or even on the 'For sale' page in this forum.

Good Luck,
Geoff

 

[Peter Empson]

If you decide to sell the wheels separately please let me know, I might be able to find a good home for them []

 

[edh]

haven't you got enough wheels already ? []

 

[Peter Empson]

Lol! It's not possible to have enough wheels []

 

[edh]

I thought that was just me who thought that []

 

[Paul Fraser]

I'd agree with the comments above about the non-standard bits, especially the wheels. As you would probably get a good price for them you might be able to drop your car price. Problem is getting a set of replacement wheels though.
Beyond that, I am beginning to wonder if the Lux model has had its day, and before anyone flames me I have three of them. Thing is, the more I look at that fussy front end, and for the pre '86 cars the non-oval dash, the more old fashioned I think it looks. Turbo or S2 in the near future for me I think (if I can bear to part with any of the sheds I have). Apart from that, there seems to be the rust problem, the sills, the bit above the rear registration, etc. These earlier cars are getting to the point that a lot of them are needing expensive bodywork to keep them going and that is something that I would really shy away from. Mechanicals you can do a chunk of yourself, but bodywork has always seemed a bridge too far to me. Not that any of the latter applies to your car of course but I wonder if there is this general perception out there that Luxes are past their sell-by date.

 

[morris944s2john]

In which case, it could be the ideal time to buy an early Lux. Look at what happened to 914 values- not a classic and not a true Porsche (a VW -Porsche) but they are now classics and have their own following and values are starting to rise.

The 944 is entering a dark phase of no longer being a desirable nearly new Porsche and not being old enough to be a classic. Many savable cars are being scrapped for parts. My advice? Hold out for the right price or keep it.

As for the bodywork question, not a worry to me as I can weld make repair sections and spray paint.

 

[Porker993]

Nice looking car - there are still three days left to go on the auction. Any serious bidders will usually wait to the last few hours - so don't be disheartened by the "will you accept £150" crowd.

 

[pauljmcnulty]

Beyond that, I am beginning to wonder if the Lux model has had its day, and before anyone flames me I have three of them. Thing is, the more I look at that fussy front end, and for the pre '86 cars the non-oval dash, the more old fashioned I think it looks. Turbo or S2 in the near future for me I think (if I can bear to part with any of the sheds I have). Apart from that, there seems to be the rust problem, the sills, the bit above the rear registration, etc. These earlier cars are getting to the point that a lot of them are needing expensive bodywork to keep them going and that is something that I would really shy away from. Mechanicals you can do a chunk of yourself, but bodywork has always seemed a bridge too far to me. Not that any of the latter applies to your car of course but I wonder if there is this general perception out there that Luxes are past their sell-by date.

Rubbish! [][]

I think what's happening is partly due to economic circumstances. I bought mine a few years ago as an extravagence I could afford due to the increased equity in our house and the low interest rates. Confidence has dipped, and there must be less buyers out there for GOOD cars. I'm sure there's no shortage of kids who think £600 for a 944 is a good deal of car to impress the estate with....[]

As a classic, the Turbo will always have added prestige, I wonder whether it'll be Turbo only for some, and others will want lowest running costs? I guess that the Lux will be just as sought after, but in far lower numbers. I can see the S2 becoming the one left behind, as the costs are significantly higher if something goes wrong and the parts will be poached for Turbos. (Only my musings, and certainly not for a good few years, so don't you S2 boys start!)

Remember, people still lust after Morris Minors, Stags, MGBs, Beetles, Heralds, Minis, and a host of other cars that really are pretty horrible as a car and certainly no less expensive to run. And the 944 rusts a lot less than any of them. LOTS less! Other things on my list included Capri 2.8 and Scimiter GTE. Same values as a lux, but I reckon the lux beats them on every count.

 

[morris944s2john]

I would have to disagree with the Morris Minor being horrid to drive. Slow yes and noisy, but a very well designed car, nice to drive and actually MUCH cheaper to run than a Porsche 944. I can get out of my 944 and into my Traveller and am allways surprised that the Morris feels enjoyable to drive even after just driving a car as good as a 944S2.

As for the rust, i think the 944 (sills arches, front wings etc) is doing a good job of catching up in the corrosion race.