Porsche 944 Prices - The Future....
- Thread starter MartinRS2K
- Start date
andy watson
Moderator
Nice post that Martin
pauljmcnulty
Active member
Seconded! [
]ThirdedORIGINAL: pauljmcnultySeconded! [
I must admit Martin - I wasn't sure what you were getting at with your initial post. I guess you felt annoyed that a few people accused you of being in fantasy land when you advertised your Turbo - but from what I can remember it was mostly positive comments, with only the odd 911 owner making comments regarding 'fantasy'!?
MartinRS2K
Active member
There was plenty of positive comments from a good few but also a percentage that insinuated that a 944 Turbo wasn't worth five figures. When Jon showed the car that is perceived to be worth even less than a Turbo I wanted to see what response his car would get as he is a well known Porsche Specialist and known to lots of people on here. The last few pages has given us an insight into Jon's mind (and some very interesting thoughts) and also shown that prices are climbing, availability of good cars is decreasing and the future of 944 prices is good for those that have one and may make the balance between repairing one and breaking it or selling it on an easier decision if the cars value is now worth a lot more than this time last year.ORIGINAL: HallsyThirdedORIGINAL: pauljmcnultySeconded! [
I agree - it's great to see Jon posting back on the forums. He has a wealth of knowledge and sound like a great, down to earth guy. I read his thread on PH about the fire damaged 930 and it was also a great read. At the end of the day, we all want as much as we can get when we sell a car - it doesn't make sense to cut yourself short unnecessarilly!
I stated it was a fantasy for certain turbos to be advertised at the price they were, not Martin's, I was the first to congratulate him, a well looked after turbo, low miles and a great car. I wouldn't spend that kind of money on a 944 but I respect the quality of the car and anyone prepared to invest in these cars. I however, as did many point out the attempted manipulation of the market with dealers re-advertising sold cars for more than they were sold for and indeed advertised for when sold. That was annoying, again I am the first to state this has stopped, along with cars being pushed to the top of the pistonheads list. - These were the issues. It's great to talk up the values of cars within this select forum but the advertised price is not the one that it is always sold for, there are exceptions to the rule of course. In the end it doesn't matter, you can do what you want it's your car and your money, just don't get caught out by the hype
jamieda
New member
Did you view one of the Turbo's I mentioned then? As I say, maybe they are particuarly rough, or not telling the full story - but they look to be well priced, yet hanging around. [/quote] I enquired about one of them, called the bloke up, he was nice enough said he'd spent a bit of money getting it sorted, but it didn't have recent service history can't remember how much exactly but was a good number of years missing. Said he would service it before selling it on. No history of cam chain either its almost 120K miles, as it was my first 944 purchase i didn't want to risk it. mind you he did say the sills had been done.
I agree with you about the dealers that try to manipulate the market - there were a few cars up for one price, then a month later re-advertised at an inflated price with nothing changed about the cars. But even then, it only takes a few to sell and then a new benchmark is set. As I said before, the problem for the dealers then is that also pushes up the prices of the ones they are buying to resale. Whether it's hype or not, when you compare cars like the 944 Turbo to say , the Sierra Cosworth - they have been undervalued for a long while, probably for no better reason than being the 'poor relation' to the 911. Long may the hype continue - I've always been a sucker for flared arches & pop-ups!!ORIGINAL: Jase1969 I stated it was a fantasy for certain turbos to be advertised at the price they were, not Martin's, I was the first to congratulate him, a well looked after turbo, low miles and a great car. I wouldn't spend that kind of money on a 944 but I respect the quality of the car and anyone prepared to invest in these cars. I however, as did many point out the attempted manipulation of the market with dealers re-advertising sold cars for more than they were sold for and indeed advertised for when sold. That was annoying, again I am the first to state this has stopped, along with cars being pushed to the top of the pistonheads list. - These were the issues. It's great to talk up the values of cars within this select forum but the advertised price is not the one that it is always sold for, there are exceptions to the rule of the course. In the end it doesn't matter, you can do what you want it's your car and your money, just don't get caught out by the hype
Indi9xx
New member
Was great to talk to you Martin, your next purchase sounds very exciting! Anyway, after all this talk, I'm still no wiser how much to advertise the 2.7 944 Lux for. It still needs some prep work, I noticed a small scuff/chip on the lower rear quarter today, needs a new knob for the blower control and the wiper arms are a little bit grotty, so I still have some odds and ends to do to her, and once she is on the market there will be no rush for her to sell.. But I am really at a loss as to what to sell her for.
Craigybaby
New member
Don't you fancy rolling the eBay dice again jon?
Indi9xx
New member
OOoooh... That was exciting last time.. Especially the last half hour when it went from twenty something thousand to thirty seven thousand pounds. It was never going to sell for peanuts, there would always be at least two people who wanted a 1980's 911 Turbo who would battle it out for a reasonable amount, but I will be honest... I set the starting bid on that car at a pound because I knew it would cause some buzz in places like pistonheads, forgive me for being a businessman ) I did have a £20k reseve on that car, which I was open about, because I knew that any less than £20k I would keep her, but anything above that she could go. As for the £30k buy it now.. that was something that cause a big debate on Pistonheads for people calling me a dreamer.. But it was never what I thought it would sell for. When placing the auction on ebay I thouhgt to myself that there would bound to be the usual people asking me to end the auction early, so to stop that, I thought "How much would I end it early for if some nutter made me a mad offer?" this I set at £30k because I knew that not only would it need to be enough for me to say yes, but also enough for me to be willing to take stick from the Porsche community for ending it early.. So that is where the Buy it now price came from.. What I however did not realise would happen, was that as soon as an ebay auction meets its reserve, the buy-it-now button vanishes.. Which actually was great, otherwise I would probably of had someone in the last day of the auction hit that button rather than the auction going another £7k higher than the BIN amount. The difference was, I knew with the 930 that at any one time, there was far more than two people out there who wanted it enough to pay £18k for it, because I had already had two people in the week before the auction try and offer that amount, which I was almost very close to accepting. With the 2.7 Lux, no one knew about it really until that facebook post, and I am not even sure there is anyone in the country currently looking for one... So there is every chance that on ebay it might only get £3k.. But that is the same reason that often you will see a 944 turbo go on ebay for £6k... Everyone assumes that a car on ebay is a "problem" or has faults, no matter how glossy it looks in photos.. The 930 did have faults, which I was honest about, so it sold really well as probably the only 1980's 911 turbo in need of work to appear for sale in the last 5 to 10 years... There is often a 944 lux on ebay as a project, this one is a clean car. I think this Lux is destined to end up as a classified sale and probably not selling for a while, until the right person wants it, at which time I think, a bit like my old 968 Club Sport I sold years ago, it will be advertised for months, it will eventually sell, but then in the month afterwards I could have sold it again ten times over... I really do not have a clue why that happens, but I have seen it happen a lot of times over the years. So what would everyones vote be for what what I should sell it for? Along with your reasons.
) I did have a £20k reseve on that car, which I was open about, because I knew that any less than £20k I would keep her, but anything above that she could go. As for the £30k buy it now.. that was something that cause a big debate on Pistonheads for people calling me a dreamer.. But it was never what I thought it would sell for. When placing the auction on ebay I thouhgt to myself that there would bound to be the usual people asking me to end the auction early, so to stop that, I thought "How much would I end it early for if some nutter made me a mad offer?" this I set at £30k because I knew that not only would it need to be enough for me to say yes, but also enough for me to be willing to take stick from the Porsche community for ending it early.. So that is where the Buy it now price came from.. What I however did not realise would happen, was that as soon as an ebay auction meets its reserve, the buy-it-now button vanishes.. Which actually was great, otherwise I would probably of had someone in the last day of the auction hit that button rather than the auction going another £7k higher than the BIN amount. The difference was, I knew with the 930 that at any one time, there was far more than two people out there who wanted it enough to pay £18k for it, because I had already had two people in the week before the auction try and offer that amount, which I was almost very close to accepting. With the 2.7 Lux, no one knew about it really until that facebook post, and I am not even sure there is anyone in the country currently looking for one... So there is every chance that on ebay it might only get £3k.. But that is the same reason that often you will see a 944 turbo go on ebay for £6k... Everyone assumes that a car on ebay is a "problem" or has faults, no matter how glossy it looks in photos.. The 930 did have faults, which I was honest about, so it sold really well as probably the only 1980's 911 turbo in need of work to appear for sale in the last 5 to 10 years... There is often a 944 lux on ebay as a project, this one is a clean car. I think this Lux is destined to end up as a classified sale and probably not selling for a while, until the right person wants it, at which time I think, a bit like my old 968 Club Sport I sold years ago, it will be advertised for months, it will eventually sell, but then in the month afterwards I could have sold it again ten times over... I really do not have a clue why that happens, but I have seen it happen a lot of times over the years. So what would everyones vote be for what what I should sell it for? Along with your reasons.
Patch234
New member
I could not even attempt to suggest a price. What I would say is that it is your car and you know the condition and history better than anyone. At the end of the day, as rightly suggested, a car will sell when someone else wants it. It's quite simple really. But, the quandary is, how much will they want it and what will they pay? Which takes us back to the condition and history of the car to be sold The choices are; price it high and wait (if you can) or price it low and move it on fast. For me, there is no middle ground. For euroboxes (Mr Mondeo) the market is flooded and prices are generally fixed and known. But here we have a relatively rare car that is not made anymore. A car that would be discussed by your friends (if you were to own), a car that is a rare site on the roads, and a car that has tremendous history made by one of the top manufacturers in the World. I wouldn't be swayed at all by what other people think, Too expensive (don't buy it then) but don't moan about it. It's not your car nor your business Your opinion only matters if you are negotiating a deal for it. For me, the factors are; How desirable the car is, how much you think someone would want it and what the market is it intended for? The modded and improved crowd or the keep it original crowd. For me, as a buyer, the more original the more desirable and this will affect my buying decision and the money will part with. The better the car is or the more ideal it is to my thought process for what I want, the more I will pay. In the current climate, IMO, you should price it with a cost, that when achieved makes you happy to sell the car. Sure, make some money, that is what we all want to do. But keep it fair and I am sure the buyers will be lining up....
The choices are; price it high and wait (if you can) or price it low and move it on fast. For me, there is no middle ground. For euroboxes (Mr Mondeo) the market is flooded and prices are generally fixed and known. But here we have a relatively rare car that is not made anymore. A car that would be discussed by your friends (if you were to own), a car that is a rare site on the roads, and a car that has tremendous history made by one of the top manufacturers in the World. I wouldn't be swayed at all by what other people think, Too expensive (don't buy it then) but don't moan about it. It's not your car nor your business Your opinion only matters if you are negotiating a deal for it. For me, the factors are; How desirable the car is, how much you think someone would want it and what the market is it intended for? The modded and improved crowd or the keep it original crowd. For me, as a buyer, the more original the more desirable and this will affect my buying decision and the money will part with. The better the car is or the more ideal it is to my thought process for what I want, the more I will pay. In the current climate, IMO, you should price it with a cost, that when achieved makes you happy to sell the car. Sure, make some money, that is what we all want to do. But keep it fair and I am sure the buyers will be lining up....I sold my '88 S last October, 130k, very good condition, very good history - in the end I sold it as an MOT failure for lower sill corrosion (which turned out to be not too serious once ground back by new owner) for £2500 - so I would say a good 2.7 with recent respray and no corrosion should easilly sell in excess of £2750. But as you say, each to their own [ORIGINAL: 912UK I don't get the Turbo bubble but each to their own I guess. I have a 2.7 so is it now worth £10k LOL [
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