What is the view point from people on

[912UK]

The value of 944's are they bottoming out do we think?

can they get much lower or are we now going though the 5-10 years hold on price before any collecablity sees some prices starting to rise a little with demand for nice cars.

I am only thinking as I normaly don't buy any car with out the impending value being part of the reason for selling or keeping. I am talking about our Cab and thinking I would like to see how we are in 2 years and I hope be able to get back what I paid for it at least.

What's your view point boys and girls.

I think 924's have bottomed some time ago you can't see many £250 cars any more there all £500-£750 now. Esp early cars. Nice early 924 was always on my list but never got round to it at the mo..

 

[Pastry]

need to get rarer imo. as they last there's still a glut of mediocre cars in visually reasonable condition. need all the chavved up ones to die out too

then once the government make it too expensive for me to drive anything other than a plastic egg crate with a hybrid 2hp battery/methane engine values may start to creep up

 

[pauljmcnulty]

I've owned 944s for about 6 years, and in that time the value has fallen by at least half, probably a bit more. My friend bought a DB9 5 years ago, has used it as an every day car, and it's now worth about a quarter of the new price (losing him about £100K). A Focus bought new 6 years ago will have fallen by at least 75% as well, and even that is a huge amount of money to throw away. Good, reliable older cars will always hold up better than new cars, but the costs of running them have to be taken as a whole.

Buy a really good cab now, and you might get lucky and catch the rising prices of 944s in the future when they become rare and desirable. I'm not banking on it, 350Zs will be available for less than £5K soon and decent XK8s already are. Prices are only going to go down, ropey cars will get scrapped, and a few of us will spend the money way in excess of the car's value to keep them on the road because they are incredibly cheap to run compared to the alternatives.

Buy a good one, forget residuals and depreciation, and enjoy a car that's as good as a 996 or a Boxster but at a fraction of the cost in overall running terms.

 

[Dave S]

here here.
Cars are meant for driving.

Nothing better than a nice section of twisty A and B roads, on a sunny day with no sunday drivers.
Vroom Vroom *BIG* smile

Dave

 

[NEIL2]

Yes still to many around but cost of parts ect will weed out the weak ones in the next few years , i think good ones will pick up in value in the next few years , you can buy a shabby boxter for less than a good s2 or turbo cab so i think the prices will be ok in 10 years or so , if we can afford petrol then ???

 

[Fat Albert]

RX8 does the same job at similar money, but they are bland Japanese and no one would give one a second loo, wheras the 944 is really starting to stand out

 

[912UK]

That's what I was thinking off.. the 44 does seam to stand out as a bit more time less. I have looked at the Jag and as much as the Jag is a nice car and I can see in years to come people want those there was loads made just like the Boxsters.. again I can't see a boxster sturing interest for many more years yet.

I feel looking in from the out side before I went to buy was that the 44 showed the test of time with a HUGE demand in the US and there has already been anumber fallen by the way side so poss the 968 being the more sort after car in years to come..and the rare car being the 968 cab.

interesting stuff..

 

[pegasus]

I'm with Paul on this one,I can't see anyone making or even getting their money back on these cars. You might break even if you buy a good one and spend nothing on it but who would do that,you can't help but drive them,play with them,try to improve them,sometimes break them,that's what it is all about but if you add up the time and money spent on them you will never see that back let alone a profit.If you want to make profits on cars buy near new ones very cheap polish them and sell them but who wants to be a car dealer.

 

[912UK]

LOL... new ones I have bought a new car and sold it a year later at a small profit of £300 and 12,000 miles under my belt. I don't need to worry about the money side just look at my car list below to see that. I am talking about is this the bottom? meaning they will bounce at the bottom for a few years yet but are we thinking the bottom is now? I mean could you see a cab being £3500 in a few years time? we have not ruled out a cult following, cult followings do tend to drive prices.. just take a Mk1 Golf.. I have a Mk1 golf GTi great car but I have no wish to redo the GTi days but many do and GTi's are £5k starting price !! Fords well who would have thought the Ford Mk2 Escort would be more than a night out with Wayne Rooneys Escort for the night ....may be there is already a cult and that is why they are at £5-6 grand now ( cabs )

 

[DavidL]

Each time you think they have stopped dropping they start again.
I paid 4200 for my first S about 5 years ago and sold it for 3K 2 years ago. Now a good one barely crosses 2K.
Turbo owes me far more than it is worth - very tempted by 996T but couldn't part with the 944 for what it is worth so will keep it and keep playing.

Sadly rarely do you break even unless you are very careful but where is the fun in that.
I have one car that I've had for 10 years which has appreciated a little in that time but I think that's rare.
And not really the point after all.
Equally I wish I'd bought a Miura 5 years ago. 150K profit?

 

[Fat Albert]

I Paid £2,600 for my 951 last April and have spent around £3,000 on it since then, I estimate it to be worth £3-3,500, so I won't get my money back. But, I have protected my investment and if you deduct the usual running costs for any car of around £750/year plus depreciation I feel that I have at least broken even.

My previous car was a SAAB 9 3 Turbo that I paid £1500 for (should have been £3k but it had a parking scrape down the nearside so the dealer wanted to move it on and didn't realise it had the full Abbott Racing Viggen Rescue kit fitted along with a chip). In 18 months I spent over £2,000 on it and sold it for £750, so the Porsche has achieved parity with that over a similar period.

I have only ever made money on one car!

 

[pauljmcnulty]

I suppose, if the question is "where is the bottom price", we are pretty near it. The cars have a value in parts, and currently most early cars are worth more in bits. This means that one big bill will make owners think twice, so a clutch or head gasket means another car off the road. When prices are that low, how many people will want to carry out a proper restoration on a car with some corrosion and tired paint, costing several time the car's value? Probably very few indeed.

So, now many cars are effectively worthless (a Porsche for under a grand) they will become far more rare. This might mean a small rise in value, but to what? And, it might well only be the most desireable models that are worth anything, as with the Escorts. Sure, a mark 1 RS is worth some money (though still not what it would cost to restore one, I'd say), but an ordinary beige Popular Plus Mk 3 isn't going to be worth £10K. I would imagine that only 944 turbos and cabs will have that long-term appeal. But, even if they do attain true "classic" status I can't see a regular 944 getting anywhere near the value where you're going to get a return on the money you'll be putting in to it in the mean time.

Use them and enjoy them, and don't try to scrimp on the running costs, and just feel very smug that you're driving one of the best cars ever made for almost no money in comparitive terms. []

 

[wolfie308]

I paid £5250 for my S.2 about six and a half years ago and have spent around £10k on it including respray, sills, KW, refurbed wheels and calipers, etc etc. It was certainly no minger when I bought it with full OPC history at 112k miles, but now I'd go as far to say it's one of the best.around.

That gives a fair indication of running costs for these cars over a period of time, having everything done when it should be, by the right people and keeping it in top fettle.

How much is it worth today at 148k miles?.......I'd like to think circa £5k, although in reality it's probably closer to £3.5k, but I'd hope the right person would pay more(if I was selling)given its impeccable provenance. Even if you said only £2.5k, that would work out about £2k p.a running and depreciation. When you consider it like that, it's not too bad for a car in this class []

 

[Fat Albert]

If you look at how the 928 market has gone (I still hanker after one) 2-3 years ago the market was awash with cars for sale at £1-3,000 and you could not get a decent S4 for under £7-8,000, but now there are very few 928s for under £3,000, but S4s are now down to £4-6,000.

So all the mingers have been scrapped and the market is focussed on the best models ie mint original cars and good S4s with a few GTS's dotted around at silly money still

 

[912UK]

Interesting stuff, Yes I guess I do feel abit smug ( well prob not the right word ) as every one has the same option if they want to buy one..But the Cab looks way more than it cost in it's looks still turns heads and still puts a huge smile on my lady's face which is what its for..

I hope we don't spend too much on it other than what is needed Lukcy the PO did alot of stuff to the car to get her up to scratch. So it's a case of keeping it there I can't see the car doing alot of miles a year 3000 at best more like 2000.

if I could get 4500-5 back in 18months to 2 years that would be great she would be on 94,000 then with history then I am cool with that and prob still keep it on after that..we will see I have a lot of cars at the mo and some have to go.. I must admit to liking Jag XK's when I had another look at one.. hmmm a cab or a coupe a heck of alot of car for the money, at a glance they look like an Aston Martin... brrrr wake up your a Porsche man!!![&:][&:][&:] [] I need to finish a few cars first.. just when you have classic Porsches they do go up which for some one like me with a low budget it's a warming feeling to keep you spending your hard earned cash.. but then if they go mad in price it has an effect that you don't want to use it or drive it.. I have a 356 Pre A and It value is shocking nice when i retire but to own is getting a worry!!

 

[blease]

Buying these cars now is just like buying a printer....the initial hardware is cheap, its the consumables that cost! And I agree with the general feeling that it is likely to stay like that for most 24/44/68 cars. But if you consider that the initial cost of any of our cars is much less than one years depreciation on a new Porsche, you realise the question of the cash value is utterly irrelevant. You buy one because you want one. Use it and abuse it cos if it breaks you can replace it with another for equally irrelevant cash value compared to a new car. A truly disposable supercar!

 

[912UK]

yeah my Mercedes is like that.. I have seen a number scrapped of late W108's and it's a shame but they are worth more in parts.. Infact at a local tipec meeting the other day a guy sold his two cars a 924S and an early 944 to a guy in the club.. he breaks cars and the PO knows they are going to be broken up as he has just come to the point he is fed up of keeping them going and wants a Boxster.. to polish and wash..oh and drive every now and then

 

[Fat Albert]

Unfortunately the 944 lacks the driveway appeal and soundtrack of the 6 and 8 cylinder Porsches, which will always limit their value, but on the other hand if you see someone in a 944 or 968 you know they are an enthusiast and 'bought it on purpose' not just because it is a Porsche

 

[Sandspider]

I was chatting to my neighbour the other day, and he said he'd heard the prices of 944s were rising again. He's into old cars and motorbikes, but I'm not sure what he was basing his comment on...

 

[deafasapost]

just to add my twoppeneth worth (and being very new to porsches!)

i wanted one since i first saw a 944 cab in 89 in guards red, beautiful and lusted after one since. now i have one, its solid with good interior and nothing major (i hope!) needs doing. i intend to get it as good as i can possibly get, and that means throwing cash at it which i budget'd and expected. to me, its what the car is worth to me, not in monetry terms, but the enjoyment i'm going to get driving it and getting it to how i want it. plus, taking it out with the wife and nipper to enjoy is worth its weight in gold to me. if the little un has a smile on his face and gets excited being in it then for me, happy days. it cost less than my 5 yr old citroen c4 to buy, less to insure so thats a bonus in itself. i dont want to use it everyday because i think it'll lose its specialness to me, and if its only worth say 3k in 4,5, or 6 years time, who cares!![] if i and my family enjoy it, you cant put a price on it imo.