RE: Porsche 928: Catch it while you can
Discussion
bencollins said:
Turbobanana said:
Dealer prices (for just about anything) do seem astonishing these days, but I guess *someone* is paying them or they wouldn't persist.
I guess the bubble has to burst at some point?
Cheap credit interest = dealeropoly on marketplace & ability to hold stock = price cartel.I guess the bubble has to burst at some point?
Im not against the way of the world, but usual disclaimer of price for sale /= sales price
Ebay sales are a good indicator of real prices, as is looking in other market places as UK seems a bit "special" just now.
My comments were based on a broad spread of marketplaces, eBay included, and while you're right about asking price /= sales price, dealers must at least half-expect someone to come along and pay up or they wouldn't want to pay stocking charges (low interest rates or not).
I agree that classic car prices are high, but it is worth bearing in mind that the ageing population is healthy and wealthy and determined to have fun. The average age of a 928 owner based on my unscientific observations is probably 55-60 ish and has plenty of capital.
Looking at 928 pricing, it is still a cheap, well engineered and pretty supercar. The competition for me at the same price point was much worse value for money and I would see more vulnerability elsewhere the market, and even specifically in the Porsche market.
Looking at 928 pricing, it is still a cheap, well engineered and pretty supercar. The competition for me at the same price point was much worse value for money and I would see more vulnerability elsewhere the market, and even specifically in the Porsche market.
Turbobanana said:
dealers must at least half-expect someone to come along and pay up or they wouldn't want to pay stocking charges (low interest rates or not).
Agree price increases are inevitable on "neo classics" and agree dealers must be turning things over to some extent. Nice that old characterful stuff is appreciated and worthwhile to look after, 928s were £4k 5 years ago which was daft, £20k seems about right, £50k sounds a lot. As poster says above, the only people with money are mortgageless silver surfers. The rest of us are amortation slaves.
unsprung said:
Are you OK? ... Do you need an aspirin? ... Does your dad own a gun?I owned 2 928's over the years, a 1980 manual S in make blue when I was just 20 years old and........an 88 S4 Sport in silver, the only one ever made I think and one of only about 30 S4 Sports.
I bought the Sport in 2002 for 10k and only had it a year as I had to sell it as I was getting married.
The Sport was similar to the S4 but had less weight and more power, 360bhp I think but facts and figures where very vague on them. They where 60k in 1988.
The guy I sold it too already had a 928s and couldn't believe he had found a Sport to buy. He he told me he had a friend with a 360 Ferrari and took great pleasure in pulling away from him every time they got to a straight.
It's a car I always regret selling and always wonder where it is now.
I bought the Sport in 2002 for 10k and only had it a year as I had to sell it as I was getting married.
The Sport was similar to the S4 but had less weight and more power, 360bhp I think but facts and figures where very vague on them. They where 60k in 1988.
The guy I sold it too already had a 928s and couldn't believe he had found a Sport to buy. He he told me he had a friend with a 360 Ferrari and took great pleasure in pulling away from him every time they got to a straight.
It's a car I always regret selling and always wonder where it is now.
928 owners can all thank me for the value of their vehicles going through the roof in the past 18 months.
I sold mine, featured here in Carpool http://www.pistonheads.com/regulars/ph-carpool/por... about 15 months ago for just £6200, and I still made £1800 on it!
It would be five figures now :-(
I sold mine, featured here in Carpool http://www.pistonheads.com/regulars/ph-carpool/por... about 15 months ago for just £6200, and I still made £1800 on it!
It would be five figures now :-(
DB9VolanteDriver said:
Great cars, except for the brittle plastics and atrocious reliability of the various electronic doodads.
You sure about that?Cabin build quality was as good as it got, relative to it's late seventies design.
Sure by 1995 it was showing it's age, but at least it wasn't using Mondeo switchgear ;-)
Very much an under-rated Porsche, and prices have been going up a lot this past few years. Especially rare manual models. I loved my S4 928 it was far better to drive than I expected having come from owning 944 turbos / 968 sport. Maybe if it had been a manual I would have kept it longer. Prices have gone up considerably since selling!
I just can't get over how ugly the thing is, inside and out. Yeah, it was very futuristic back in nineteen-seventy-what, but it looks horribly dated now... and the immensely long timing belt is asking for trouble. From what I've seen and heard of people's experiences with the 928, including Top Gear buying some utter dogs, it seems to be the case that it may be cheap to buy but it certainly isn't cheap to run, and it's not currently worth enough to make restoration cost-effective. Maybe in the 2020s we'll all be ruing the day we failed to buy that £5000 928 and park it up awaiting restoration...
mike150 said:
I owned 2 928's over the years, a 1980 manual S in make blue when I was just 20 years old and........an 88 S4 Sport in silver, the only one ever made I think and one of only about 30 S4 Sports.
You mean SE, right? I've never heard of a 928 S4 'Sport'. Though mine did come with a 'Sport' sticker on the back which I assumed was a stupid amateur addition.[/wishful thinking]
Rode past my local front-engined Porsche specialist only two days ago - haven't been past in a while - and there was what seemed to be an unusually high proportion of 928s around there. Often I'll see 3-4 944s, a brace or so of 968s and one or 2 928s. This time of the 7-8 cars there, all but 2 were 928s. And they do look good, even in white... 
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