Musings on the viability of older Porkers as Daily Drivers..
Musings on the viability of older Porkers as Daily Drivers..
Author
Discussion

Fatboy

Original Poster:

8,269 posts

302 months

Tuesday 22nd August 2006
quotequote all
I hope Baz doesn't mind me posting up his quote here, but his comments here added in to thoughts I've been having about my 944 lately. Pre-emptive apologies for the ramble...

As I now do a lot more miles (commuting) than I did when I first bought the 944, I thought I'd better sell her, and get an oil-burner for the commute. However I totally failed to sell her - the bidding on ebay only got up to £1,800, with little interest and no interest from the Autotrader ads. Now I may have overpriced her at £2995 (1988 944 lux, base model, 148K miles, 12 months MOT), but given what I've spent on her (I bought badly, and paid dearly to sort it and fix her up), I (and my brother/workmates) thought it'd just be daft to let her go for any less - not that it matters, as I had no offers.

After thinking it through (and this is where Baz's post had me thinking), I figured that I might as well just run her until she goes pop. As Baz says that now the 968s and 944ts are suffering in value, that makes sense that it's going to further depress the values of the boggo lux such as mine....

Now I was selling to get a more fuel efficient vehicle with lower maintenance costs, but on reflection if I want to get a good mile muncher I'll have to spend quite a bit more cash to get a reliable motor that won't again cost me a fair amount in maintenance.

Now she may only be a base model Lux, but I absolutely love my 944, brilliant to drive - great fun, supremely comfortable, and makes me feel good just looking at my Driveway. So it would seem silly to take a massive loss on selling her just to drive about in a diesel beater (I'll probably hate) when I can (just) afford to run her.

So my questions to the Pork Sty are - how many other are there on here running older 944s etc, and do you run them as daily drivers? And given the current market, would you bother to sell yours, seeing as you'd likely only get buttons (relatively speaking)for her?

In a quest to reduce my fuel bill, I've (somewhat obviously) been thinking about LPG - while a new £2k kit would be a bit counter productive in the fuel saving front, buying an old beater from ebay with an appropriate LPG kit fitted for a couple of hundred quid and fitting it to my 944 (then about £120 to get it certified for insurance) seems like a good idea - what do you lot reckon?

Cheers Everyone,

Fatboy


hartech said:
Although better advertising will always help - it is not your fault that your car is not selling because there are now too many older Porsches in the sub £20K bracket for the number of buyers. We have anticipated this for several years and although it took longer than we expected - it is now upon us and unlikely to go away.

The guys who want old classics have either already got them (or the few that change hands satisfy the market), the guys wanting new (say no more than 5 years old) can find them but not so many want a not new - not old classic - Porsche. Add to this the general fact that apprentices, students etc - these days all seem to have cars no more than 3 years old (some brand new thanks to daddy) and there is a shift towards more fashionable products that are less likely to go wrong in the first few years.

This over supply to the 2nd hand market is a result of Porsche selling more and more cars in the last 15 years - and relatively few getting written off due to their high value. It means that every year there are more Porsches in the UK and on the market than before.

As always - too many for the market and prices drop and only the best cars (top colours and specs) with the cheapest prices (competitive with others on the market) will sell (too much choice).

The misery is not over yet either as I think prices may fall further because we are beginning to see interest in early Boxsters from previous owners of old 944's and 911'1 (3.2's and older) who can finally find a newer Porsche that they can afford - to replace their old faithfull - that is now getting just too old (doesn't quite have the same image as before) and is becoming relatively expensive to maintain. For some time now owners of these cars could not find a newer Porsche that they could afford that was worthwhile upgrading to - but the fall in the prices of the newer cars is changing all that. This interest in - particularly Boxsters - wil however not put Boxster prices up as there will be even more on the market soon (autumn/winter upon us), but it will put 968, 944 and early 911 prices down as more of them come to the market at a time when they are not so popular.

We only have a relatively small sales area - relying on repairs and servicing for our main income - and this uncertainty about market prices has encouraged us to de-stock - to avoid prices falling quicker than we can sell them - until the maket stabilises - but I think we are the only dealers expressing this viewpoint - so perhaps we are wrong and over reacting - only time will tell - you must make your own mind up.

I do think however that the relative stability of prices year on year in the sub £20K (3.2 Carerra's), sub £15K (968's), sub £10K (S2's and 944 turbos), sub and £5K (944's)that we have got used to seeing - is over for good and that a more progressive depreciation on all models (more like family car experiences) will follow.

Furthermore the price people can afford for a third sports car is generally rising as we all become better off and as our house values rise, borrowing to finance such a purchase is easier and cheaper.

Previously it was only the running costs that were the main consideration, as depreciation was relatively low - but now both will influence prices and coupled with a general public shift towards newer cars - there will probably a general shift up-market.

Well thats what I think anyway - for what it is worth - but it is only one point of view and you should take all opinions into account - hopefully more will follow.

Baz Hartech

hugoagogo

23,437 posts

263 months

Tuesday 22nd August 2006
quotequote all
the main thing is that hardly anyone scraps a porsche (relatively speaking), galvanised bodies mean that these old 924 and 944s are hanging around just getting cheaper and cheaper. good if you want a cheap car (like wot i have), bad if you want to sell one

i'd say LPG would be a non starter, where would you put the tank? in the back seat? and i wouldn't fancy an old 2nd hand set-up for safety's sake anyway

Fatboy

Original Poster:

8,269 posts

302 months

Tuesday 22nd August 2006
quotequote all
Good point about the galvanising! Hadn't thought of that - glad mine is galvanised though - even if she did need a load of welding on the sills just after I got her...

Re: LPG, The rear seats in mine are useless anyway (I have the seat practically all the way back), or I could go with a spare wheel tank and just ditch the space saver for a can of foam/use my AA membership I can easily get a second hand system checked over by a local lpg specialist, but I see what you mean about safety concerns...

FUGatso

563 posts

262 months

Tuesday 22nd August 2006
quotequote all
Ran a 2.7 944 as a daily driver from Midlands to London. It was my first porsche and never missed a beat in 6 months of daily commute.

softinthehead

1,550 posts

269 months

Tuesday 22nd August 2006
quotequote all
I ran a 944 2.7 for 4 years, daily. never let me down once. cheap as chips. brilliant car. if I hadnt wanted a little more poke I'd still have her. and on motorway runs not that uneconomical - mid 20s? for the extra you'll plough in getting an lpg conversion (?2K all in?) or trading for a diesel (£2-3K?) you can buy an awful lot of petrol (and retain pride of ownership)

Fatboy

Original Poster:

8,269 posts

302 months

Tuesday 22nd August 2006
quotequote all
softinthehead said:
I ran a 944 2.7 for 4 years, daily. never let me down once. cheap as chips. brilliant car. if I hadnt wanted a little more poke I'd still have her. and on motorway runs not that uneconomical - mid 20s? for the extra you'll plough in getting an lpg conversion (?2K all in?) or trading for a diesel (£2-3K?) you can buy an awful lot of petrol (and retain pride of ownership)

My thoughts exactly - I get an average of 29 mpg - edging towards 30 mpg at the moment, and the pride of ownership is a very big factor

The £2-3k it'd cost for a top-notch lpg would also pay for an LS1 conversion hehe - not that that would do wonders for the mpg, but it wouldn't be too horrific

In all seriousness though, I wasn't really considering a new kit, just buying a cheap (i.e. wrecked/salvage etc) car with lpg and nicking it's kit... The break even point with that would be much shorter...

pcn1

1,346 posts

249 months

Tuesday 22nd August 2006
quotequote all
If its reliable and you like the car then keep it and run it till a big repair bill makes sense to scrap it. I tend to keep my cars 5 years and always feel I've had my money's worth out of them. If you sell for silly money and plough more into a newer commuter then how long will it take for the petrol money saved to repay the difference ? Plus the new car will be droping in value as well.

Fatboy

Original Poster:

8,269 posts

302 months

Tuesday 22nd August 2006
quotequote all
pcn1 said:
If its reliable and you like the car then keep it and run it till a big repair bill makes sense to scrap it. I tend to keep my cars 5 years and always feel I've had my money's worth out of them. If you sell for silly money and plough more into a newer commuter then how long will it take for the petrol money saved to repay the difference ? Plus the new car will be droping in value as well.

My Brother said that too - depreciation on a new commuter box would certainly pay for a fair amount of fuel and maintenance

Pickled Piper

6,452 posts

265 months

Tuesday 22nd August 2006
quotequote all
There was an article a while back in 911 & Porsche World about a guy with a 944 that had converted to LPG. Can't remember the details.

pp

matsleight

72 posts

280 months

Tuesday 22nd August 2006
quotequote all
Keep it, accept the fuel costs sucks, (although I do get 32mpg) read the 911 and PW article about LPG as it was reasonably interesting but for me I think it would ruin the point of the car..
Mines an 89 S2 I have done 30k in it as my daily driver in 28 months, mix of town/motorway short and long drives. I wouldnt want to do it in another car I could afford to buy for the same money. i too have spent money getting it back up to spec and some nice bits to make it mine. I know I would never get that back if I sold it.
Ok servicing and insurance is a bit more than a euro box but which is cooler to get out of ;-)
Keep it and enjoy !

Fatboy

Original Poster:

8,269 posts

302 months

Tuesday 22nd August 2006
quotequote all
Pickled Piper said:
There was an article a while back in 911 & Porsche World about a guy with a 944 that had converted to LPG. Can't remember the details.

pp

I'll check that out - cheers for that thumbup

matsleight said:
Keep it, accept the fuel costs sucks, (although I do get 32mpg) read the 911 and PW article about LPG as it was reasonably interesting but for me I think it would ruin the point of the car..
Mines an 89 S2 I have done 30k in it as my daily driver in 28 months, mix of town/motorway short and long drives. I wouldnt want to do it in another car I could afford to buy for the same money. i too have spent money getting it back up to spec and some nice bits to make it mine. I know I would never get that back if I sold it.
Ok servicing and insurance is a bit more than a euro box but which is cooler to get out of ;-)
Keep it and enjoy !


Cheers mate, glad to know I'm not the only one, and that so many people agree that keeping the 944 isn't a bad idea - I should add that the fuel usage is a fraction of my last car (Pontiac Trans-Am), but I was paying about 30p/litre (in Canada)

Servicing isn't too bad - I do it myself and the general service parts are quite cheap from Eurocarparts or GSF (cheaper than for my brother's nissan hehe), and it is, as you say, a damn site cooler than any eurobox

Thom

1,756 posts

277 months

Tuesday 22nd August 2006
quotequote all
I do not think you will get many people who have run these on a daily basis for a long period complain much about them ... because they were designed to do just that, and at Autobahn speeds.

The impressively high mileages of some cars simply show their ability to cope with piling on the miles all year long even under relatively neglected ownerships. Many example are in sorry states, but they're still running, going on to show how bulletproof the 2.5 engine can be. Should the worst happen, spare 2.5 engines and gearboxes are aplenty and cheap. If sometimes expensive to fix, you definitely get an old-school quality that you know will last.

After 5 years of ownership and 60k miles I still haven't found an alternative that offers altogether as much thrill, reliability, style, technical simplicity, ergonomy, discretion, economy and practicality.

Edited by Thom on Tuesday 22 August 20:19

diver944

1,855 posts

306 months

Tuesday 22nd August 2006
quotequote all
An older 944 is a perfect daily driver. We've had our S2 for 8 years and put on 80k miles, and our Turbo for four years and put on 50k miles. They lap up the mileage and as long as you replace everything properly as it starts to wear out you'll have no problems.

30 mpg is easily attainable on a regular commute at cruising speeds which I think is fantastic for the performance that is available if you want to put your foot down a little bit more

scruffy101

540 posts

245 months

Tuesday 22nd August 2006
quotequote all
Fatboy said:
I hope Baz doesn't mind me posting up his quote here, but his comments here added in to thoughts I've been having about my 944 lately. Pre-emptive apologies for the ramble...

As I now do a lot more miles (commuting) than I did when I first bought the 944, I thought I'd better sell her, and get an oil-burner for the commute. However I totally failed to sell her - the bidding on ebay only got up to £1,800, with little interest and no interest from the Autotrader ads. Now I may have overpriced her at £2995 (1988 944 lux, base model, 148K miles, 12 months MOT), but given what I've spent on her (I bought badly, and paid dearly to sort it and fix her up), I (and my brother/workmates) thought it'd just be daft to let her go for any less - not that it matters, as I had no offers.

After thinking it through (and this is where Baz's post had me thinking), I figured that I might as well just run her until she goes pop. As Baz says that now the 968s and 944ts are suffering in value, that makes sense that it's going to further depress the values of the boggo lux such as mine....

Now I was selling to get a more fuel efficient vehicle with lower maintenance costs, but on reflection if I want to get a good mile muncher I'll have to spend quite a bit more cash to get a reliable motor that won't again cost me a fair amount in maintenance.

Now she may only be a base model Lux, but I absolutely love my 944, brilliant to drive - great fun, supremely comfortable, and makes me feel good just looking at my Driveway. So it would seem silly to take a massive loss on selling her just to drive about in a diesel beater (I'll probably hate) when I can (just) afford to run her.

So my questions to the Pork Sty are - how many other are there on here running older 944s etc, and do you run them as daily drivers? And given the current market, would you bother to sell yours, seeing as you'd likely only get buttons (relatively speaking)for her?

In a quest to reduce my fuel bill, I've (somewhat obviously) been thinking about LPG - while a new £2k kit would be a bit counter productive in the fuel saving front, buying an old beater from ebay with an appropriate LPG kit fitted for a couple of hundred quid and fitting it to my 944 (then about £120 to get it certified for insurance) seems like a good idea - what do you lot reckon?

Cheers Everyone,

Fatboy


hartech said:
Although better advertising will always help - it is not your fault that your car is not selling because there are now too many older Porsches in the sub £20K bracket for the number of buyers. We have anticipated this for several years and although it took longer than we expected - it is now upon us and unlikely to go away.

The guys who want old classics have either already got them (or the few that change hands satisfy the market), the guys wanting new (say no more than 5 years old) can find them but not so many want a not new - not old classic - Porsche. Add to this the general fact that apprentices, students etc - these days all seem to have cars no more than 3 years old (some brand new thanks to daddy) and there is a shift towards more fashionable products that are less likely to go wrong in the first few years.

This over supply to the 2nd hand market is a result of Porsche selling more and more cars in the last 15 years - and relatively few getting written off due to their high value. It means that every year there are more Porsches in the UK and on the market than before.

As always - too many for the market and prices drop and only the best cars (top colours and specs) with the cheapest prices (competitive with others on the market) will sell (too much choice).

The misery is not over yet either as I think prices may fall further because we are beginning to see interest in early Boxsters from previous owners of old 944's and 911'1 (3.2's and older) who can finally find a newer Porsche that they can afford - to replace their old faithfull - that is now getting just too old (doesn't quite have the same image as before) and is becoming relatively expensive to maintain. For some time now owners of these cars could not find a newer Porsche that they could afford that was worthwhile upgrading to - but the fall in the prices of the newer cars is changing all that. This interest in - particularly Boxsters - wil however not put Boxster prices up as there will be even more on the market soon (autumn/winter upon us), but it will put 968, 944 and early 911 prices down as more of them come to the market at a time when they are not so popular.

We only have a relatively small sales area - relying on repairs and servicing for our main income - and this uncertainty about market prices has encouraged us to de-stock - to avoid prices falling quicker than we can sell them - until the maket stabilises - but I think we are the only dealers expressing this viewpoint - so perhaps we are wrong and over reacting - only time will tell - you must make your own mind up.

I do think however that the relative stability of prices year on year in the sub £20K (3.2 Carerra's), sub £15K (968's), sub £10K (S2's and 944 turbos), sub and £5K (944's)that we have got used to seeing - is over for good and that a more progressive depreciation on all models (more like family car experiences) will follow.

Furthermore the price people can afford for a third sports car is generally rising as we all become better off and as our house values rise, borrowing to finance such a purchase is easier and cheaper.

Previously it was only the running costs that were the main consideration, as depreciation was relatively low - but now both will influence prices and coupled with a general public shift towards newer cars - there will probably a general shift up-market.

Well thats what I think anyway - for what it is worth - but it is only one point of view and you should take all opinions into account - hopefully more will follow.

Baz Hartech
i ran my 20 year old 944 for five years at 40 miles aday,it NEVER broke down,its not worth selling because you know the car is bob on now.Stick with it,they look good they are practical and i was always dead proud of mine because it was such a great old car.

Tam Lin

694 posts

283 months

Wednesday 23rd August 2006
quotequote all
diver944 said:
An older 944 is a perfect daily driver.


...or a 924S. I've had mine since November on daily duties, because I got fed up driving a euro box every day, and having the Cerbera for best. The contrast was too great, and yet using the Cerb every day justs did not make sense, not because of unreliability, but the little dings and clutch life shortening that comes with an M4/A4 commute was costing stupid money.

I've tweaked a few bits I didn't like (JZM fitted KW Variant3 & camber mounts, I am about to fit some Wilwood brakes) but other than that, the 924 is ideal: as quick as a base 944, attracts less attention so can be parked anywhere, and really, really good fun on country lanes.

Pickled Piper

6,452 posts

265 months

Wednesday 23rd August 2006
quotequote all
I think your general musings are applicable to all older vehicles not just Porsches. The market value of many older vehicles has fallen to such an extent that they really are not worth selling on. If you are handy with the spanners it just makes more financial sense to keep on running and enjoying them. Whilst we don't like to admit it the threshold for what we used to class as "old bangers" has gone up and now includes some very desireable vehicles.

Enjoy your motor and also enjoy the inverted snobbery and associated feeling of smugness at not having spent your dosh on a "06" plate car.

pp

anonymous-user

84 months

Wednesday 23rd August 2006
quotequote all
Keep it, use it every day and enjoy it. You are only young once.
Work days are usually dismal enough for most people, at least you will look forward to your drive there and back.
Take a chance on the potential bills of replacing parts. You could possibly incur the same costs on a more modern car anyway.
I have reservations about LPG ref. the safety side of it, so I would try and carry on as you are.

zcacogp

11,239 posts

274 months

Wednesday 23rd August 2006
quotequote all
If anyone happened to have a copy of that article on LPG conversions and a scanner, I'd be quite interested ...


Oli.

911addict

394 posts

248 months

Wednesday 23rd August 2006
quotequote all
3.2's make great daily drivers, if you enjoy 'driving'.

Fatboy

Original Poster:

8,269 posts

302 months

Wednesday 23rd August 2006
quotequote all
zcacogp said:
If anyone happened to have a copy of that article on LPG conversions and a scanner, I'd be quite interested ...


Oli.

I forgot to mention - I ordered the back issue featuring that article last night - I don't have a scanner, but might be able to get one, and if not, I'll certainly post up a summary/copy (depending on how bored I am )