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Low Mileage 3.2 Value?

sgat_555

sgat_555

New member
Hi Guys,

I have been involved with pre-73 911's for a while but I have little knowledge of the later models.

Anyway, I've stumbled across a very low mileage 3.2 Carrera and I am unsure what it is worth... It's a 1989 red coupe with sports interior and electric pack. It's still with it's original owner and has every receipt and document since new. The mileage is a shade over 14,000.

It's absolutely perfect in every way and although it has barely been used since 1994, it has been regularly serviced at a main dealer.

So my question is, what is a car like this worth?

Thanks for your help!

Stuart
 
Sorry to sound bullish but it's probably worth what YOU are prepared to offer.
There can be no strict guidelines for these "timecapsule " cars as they are obviously rare and only come up for sale occasionaly, BUT they are still OLD and not impervious to the rust worm and the engine may be in poorer shape than a regularly used 3.2.
believe me I have fantasised owning a super low mile car and have then paniced at the thought of 1. Putting a normal mileage on the car and losing it's resale value
2. Trying NOT to drive the bloody thing and preserve it's value.
End of the day...
If you can afford to... 1. Buy it , 2 Not worry about putting miles on it . 3. Want to keep it concourse ish on low miles...

It's the car for you !!!!!

Mike

PS anyone fancy a 56K 87 Sport Cab ( GP and Navy) ?? pm me for details
 
Late, low mileage, 3.2 Carreras are pretty sought after. They provide the traditional, classic 911 feel in a tough, galvanised package.

If it has genuinely been cared for, correctly maintained and serviced, then these cars are often priced around the mid-£20ks. That's the price of an average 'tin top' these days, or a couple of years depreciation on a new high-spec Porsche[:-]

I love the 3.2s and, if I wanted a really exceptional example, I would expect to pay that sort of premium - although my personal preference is the 'Club Sport' for which prices are even higher.

If you are serious get an OPC inspection, then you'll know exactly what you are buying.
 
I agree with Mike. I think you have to decide what you want the car for and do the maths.

Typically a nice 3.2 is around £12-14K with normal miles on the clock. Putting 5k a year on them makes little or no difference to their resale value as long as everything else is cared for. Basically they are reasonably depreciation proof.

Buying a low mileage car for mid £20K means in effect your spending £10k for the miles. If you're sticking it in the garage and polishing it once a week that will be fine; if you want to take it out and enjoy it then I'd think carefully. I know several guys with time warp cars and they don't do much with them as they're scared stiff of sticking miles on them or picking up a stone chip.

If I was spending £25K I'd buy a 993 with some miles on it and drive it. If I was buying another 3.2 I'd buy on condition, ignore the miles and drive it.

My epiphany came a couple of years ago when I was running an Austin Healey, it went in for the MOT and I realised that I had done 968 miles in a year! I sold it and bought the 3.2, which I drive rather than admire on my drive.

Mine has 150K miles and I use it and care for it regularly. If I ever part with it I'll probably get my initial £'s back.

Just my view though.
 
Thanks for the input guys!

You confirmed my thoughts that about £10k of this cars value is down to it's low mileage.

To my mind, using it frequently is out of the question. A couple of Sunday morning drives would be ok but not much more. I will probably only keep it for a couple of years just to say I had one. I'm not really a believer in having cars that you daren't drive. Having a car in good condition can be maintained but with low mileage it's only going to go one way.

I guess I could use it as a stepping stone into a 964RS or 993 C2S...

I'll keep you posted how the sale goes and put some pictures on here.

Cheers!
 
Oliver made a good point. There's a CS in this months Porsche Post for £27,745 with over 90K on the clock. You could drive that, be part of a pretty small group and not worry about a few miles going on it. CS prices seem to have held up pretty well, so a bomb-proof option I would have thought.
 
ORIGINAL: sgat_555

You confirmed my thoughts that about £10k of this cars value is down to it's low mileage.
Click to expand...

Actually, you are also paying for its 'originality'. This car should be exactly as it left the factory, and has probably never had any new paintwork. This is what makes older cars collectable.

I knew the late Alan Clark (Tory minister, car collector, bon viveur) and he always said that he couldn't resist low mileage, original old cars. They didn't have to be immaculate, he liked a patina of use, but they had to be completely unmolestered - as they had left the factory. Incidentally, he had a 915 3.2 cab, called 'little silver' - one of his favourite cars.
 
Originality is the thing that draws me to this car. I'm not in the market for a 3.2 but when I was offered this car (at what seems to be a very good price) I had to go and have a look. It lived up to the description and really is like new.

For a fun car the 90k mile CS would be a better bet. No question. This car could be a nice little polishing toy for a couple of years though.

Looking into the Carrera 3.2 a little more closely it seems they are very highly regarded however current prices don't really reflect this. Maybe in the next few years things will change and the prices will increase...

Is there anyone here from the North West who could give this car the once over and let me know what they think?

Cheers!
 
Any price in the £20k plus bracket seems high to me. Last year I bought a 1989 22,500 miler (never did more than 1500 miles in any year)totally original cabriolet and supersport ,FSH and concours condition from a respected dealer for £23k. On that basis given the premium for a supersport and cabriolet, a coupe is worth is less than £20k. And yes I do use it !!! 3,000 miles so far in it ,Le Mans this year (and next). and the car has benefited from being driven as opposed to just sitting in a garage every year. As my specialist said "at last its run in" .
Personnaly the premium I paid was only about £3-5k for very low mileage as the cheapest supersport Cab (private or dealer) I saw advertised during the 6 months around my purchase was £18k irrespective of mileage. Good luck
Simon
 
I wish I did have more pictures of the car in my avatar!

I bought it 2 years ago in Holland and it's basically been sat in the garage since. Sadly, I've had no time to drive it...

It's a 1973 911E which has had upgrades to 2.7 RS Touring spec. That's the original colour with original engine case and gearbox plus it came with Recaro sports seats from new. All I've done since getting the car is fit a genuine RS front bumper and ducktail. The repro parts in the picture were ok but not as good as the real deal.

Have you any more pictures of your '73 S?
 
I have loads of photos [:D]

some from Classic LeMans this year

2006_0709Lemans06a0447.jpg



SV200827.jpg
 
Fantastic car! Wish I'd had time to get to Le Mans Classic. I'm working in Germany at the moment so it would have been quite easy to get there too...

I notice you are from North Yorkshire. Are you the person who has the yellow RS in their avatar on the DDK forum? Just followed the link in your signature.
 
I have the same avatar over at DDK. I go by the user name hot66 (long story [:)] ). The yellow RS avatar belongs to pmjt, another north yorkshire local [:D]

both cars together on one of our DDK yorkshire runs out 2 weeks ago (my daughters in the foreground)

castleboltonmia.jpg
[/IMG]

 
sgat,
That low mileage 3.2 is only worth the money to a real 3.2 enthusiast (which you clearly admit you are not).
Personally I owned a new one back in the late 80's and more recently a 40K miler for 4 years (65K by the time I finished) and these are very special DRIVER'S cars.

For an 'as new' model I'd prefer a 3.2 for it's 911 purity over a newer 964/993 model, and my intention would be to keep it for ever. But I agree if you were selling it a year or two later with more miles it would lose you money.

I do think £20K plus is too expensive though, and would either get a cheaper one, or get a rarer model like a CS or turbo. ....oh that's what I did ;-)
 
I have a clubsport with 2k miles from new and I'm the original owner, got to get her insured this month, any ideas what I should get the agreed value at? I will have to get a letter/report from a specialist/club secretary to back it up.

I hear te guys who say they should be used etc but every time i take it out or ess about with it the fact that it is 'new' yet 17 years old gives me a kick. I have other cars of the same genre that I use as they are restored etc but the factory finish can never really be repeated maybe bettered but never replicated.

They are also a great car to keep garaged low mileage due to the air cooled set up and their simplicity. My lady starts first tip, she is on the original bridgestone RE 71's and they don't have flat spots. In fact they are still incredibly grippy but then i suppose the lack of sunshine has kept them supple. Even when i take her out they only need 1 or 2 psi to get them back up to spec!

Any ideas as to value?

Regards,

Rohan
 
Hi,

I think there is an official Porsche Club GB valuation request form etc available on the main web site - I would assume you have to be a member of the club to get it valued this way - are you a memeber? (Club Membership is not automatically linked to your forum ID)

Cheers

Pete
 
Contact the 911 'Club Sport' Register - they should be able to advise you.

I do know that a very low mileage Club Sport changed hands for over £40k last year.
 
ORIGINAL: sgat_555
I notice you are from North Yorkshire. Are you the person who has the yellow RS in their avatar on the DDK forum? Just followed the link in your signature.
Click to expand...

Sorry - just caught up on this thread - nope that's me [:)] A better piccie:

IMG_0297.jpg


Would love to see some of your beastie [:)]

P
 
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