My theory on car values (not just Ferraris) | Page 2 | FerrariChat

My theory on car values (not just Ferraris)

Discussion in 'Ferrari Discussion (not model specific)' started by drftfan, Apr 27, 2013.

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  1. ross

    ross Three Time F1 World Champ Owner Silver Subscribed

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    btw, there is the issue of inflation. i think if you look closely you will find that 3k in '73 is equivalent to about 15k in 2013.
     
  2. Ferrari 308 Vetro

    Ferrari 308 Vetro F1 Rookie

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    always interesting to read...
     
  3. Ferrari 308 Vetro

    Ferrari 308 Vetro F1 Rookie

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    Last edited by a moderator: Sep 7, 2017
  4. vrsurgeon

    vrsurgeon F1 World Champ Silver Subscribed

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    Oh good. In a few years my 928 will skyrocket in value... *sigh* I only wish...
     
  5. ago car nut

    ago car nut F1 Veteran Silver Subscribed

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    It seems today's kids are not as passionate about automobiles as when I was young:50s-60s. They have more hi-tech diversions and are more into ecology. When I was young we couldn't wait to turn 16 and get a drivers license. I thought the ZR-1Corvette with the 4 cam Mercury engine. the only DOHC ever in a Corvette, would be desirable. Something like the L-88 Corvette. But it doesn't seem to matter.



    Ago
     
  6. scoobysteve

    scoobysteve Formula Junior

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    I think what's interesting is the crazy exceptions to these "rules." The internet seems to have intensified trends and bubbles in car prices as well -- something gets hot and becomes a "must have."

    I'm still shocked by the increase in BMW E30 M3 values. It's a great car, but in no way is anything near Porsche 930 -- and that's what the prices are starting to looks like.

    Another bizarre example is Subarus. I bought a brand-new "bugeye" WRX in 2003 for $21,750. Last week some guy in a parking lot offered me $9500 for mine -- with 171,000 miles on it. It's nice and one owner, but it's definitely been driven. It's only 10 years old and it's certainly not very beautiful (though I do think it's handsome in its own weird way).
     
  7. MBFerrari

    MBFerrari F1 Veteran

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    Don't underestimate those of us who are fans of the Roundel...the E30 may not be a 930 but it doesn't cost as much as a nice 930 either. Those have skyrocketed as well.

    MB
     
    Last edited: Apr 28, 2013
  8. WJGESQ

    WJGESQ Formula 3

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    Very fair points.
     
  9. fgcfire8

    fgcfire8 Formula Junior

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    1975 914 was one of the early ones with complex computer--I bought one in 78 with 3 tree prints in side and managed to blow a $2k used then computer with an arc welder when doing a touch up--was a great car handled like on rails but was my first (mis) adventure with computerized cars-- a pain full lesion to a college student--that and the insurance bill that wanted more to insure each year than I paid for it LOL
     
  10. MBFerrari

    MBFerrari F1 Veteran

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    I have been watching 928's as I love them but have read many times how that engine can cost you a boatload of money if someone hasn't taken care of it, but even so I really like the look of those cars.

    I see one driving home parked at an apt and I think it is such a tease to make me want one. Especially in black; those things are sweet looking.

    I do see your point of them likely not skyrocketing in price, but that could be because it is a front engined P-car (bastard-child in that community) and 95% of them are slushboxes. I mean, who buys an Automatic Porsche for a weekend driver? Not many of us.

    MB
     
  11. scoobysteve

    scoobysteve Formula Junior

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    It's only twice as expensive to maintain as a 944. I actually think they will go up in value.


     
  12. Bullfighter

    Bullfighter Two Time F1 World Champ Lifetime Rossa Owner

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    Sorry to hear about the lesion. Those do hurt.
     
  13. DesertDawg

    DesertDawg Nine Time F1 World Champ Silver Subscribed

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    Lesions can be painful... but often certain types of antibiotics can help.
     
  14. ross

    ross Three Time F1 World Champ Owner Silver Subscribed

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    speaking of 930's.....at risk of having this thread moved to the porsche section....where do you guys see those values going?
     
  15. scoobysteve

    scoobysteve Formula Junior

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    Up. I plan on buying one soon, even if it's a little rougher than I'd like on the basis that its future value will support a restoration effort. As an aside, 930s are the only childhood dream cars that didn't disappoint me as an adult when I finally rode and drove one.
     
  16. sammyb

    sammyb Formula 3

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    Same direction all earlier top performance Porsches went: up.

    You can buy one for $30K now -- a very nice one for $40K. In five years, expect that to be 10-15 grand more...and in ten years closer to at least double.

    Think of it as a 356 Carrera. Those held steady for years then shot up hard.
     
  17. ross

    ross Three Time F1 World Champ Owner Silver Subscribed

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    i tend to agree. btw, there is no way you can buy a good one for that kind of money imo. our 930 is undergoing a major restoration eventho its been in the family since 1980 - everything on it was tired and droopy. it nearly back to where it was when it left the factory - other than the color since we chose a lighter shade (still porsche). and it would take much more than 40k to wrest it away.

    the ones i have seen below 50k usually have some faults (sometimes a lot of faults !) that need to be corrected. basically its like any 30+ year old car, lots of stuff to rectify.

    btw, if anybody has a '77 930, pm before you paint it - or you will regret it.
     
  18. scoobysteve

    scoobysteve Formula Junior

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    I'm seeing nice "drivers" for $30k. Far from perfect, but what most people would consider a nice car without major mechanical faults with under 100k on the clock. However, these are 30 year old cars and I'm a typical fastidious Porsche owner so I expect I'll want to do things like: recover the seats, replace all suspension bushsings, new shocks -- even on a car that is otherwise "good." I'm a bit bummed as my buddy has reseller license in AZ and told me a nice one just passed the auction block at $18,500 in Arizona -- 90,000 miles.

     
  19. ross

    ross Three Time F1 World Champ Owner Silver Subscribed

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    thats the thing....as soon as you're fastidious, you will end up doing a lot of work on it. like so many cars of this era, they were not properly maintained as the price fell, and now the catch up is going to cost a lot of money. so that 30k driver.....will be found wanting and needy, and by the time you are done with it it will be a 60k car. easily.
     
  20. LightGuy

    LightGuy Four Time F1 World Champ

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    I HAD to have a Countach until I drove one.
    Then I bought a Boxer.
    Why it languishes in value I have no idea.
    My second favorite Ferrari after the wildly mass produced and later F40.
    Now there is a car that will never be worth much. ;)
     
  21. jjmalez

    jjmalez F1 Veteran Silver Subscribed

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    Great read guys. Keep the info coming.

    Joe
     

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