My theory on car values (not just Ferraris)

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.

 

always interesting to read...

 

To the Porsche 914, I bought a 914 1,8 in perfect condition, never restored, first paint, only 25.000 mls (!), Service book, many invoices ...

More original is not possible. For me a fantastic car!

Price ? Around 30t $
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Oh good. In a few years my 928 will skyrocket in value... *sigh* I only wish...

 

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

 

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).

 

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

 

Very fair points.

 

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

 

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

 

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

 

Sorry to hear about the lesion. Those do hurt.

 

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

 

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

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

Great read guys. Keep the info coming.

Joe