Why are 968's not selling ?
Discussion
I fancy a change and have been watching Porsche 968 prices for a few months.
There are a few around 110 - 130k around £7-8,000 that have been advertised for at least 2 months.
They are manual with FSH etc so why aren't they selling - is it because their newer competition like 350Z, RX8 etc are now close to this level ?
Or am I missing something ?
There are a few around 110 - 130k around £7-8,000 that have been advertised for at least 2 months.
They are manual with FSH etc so why aren't they selling - is it because their newer competition like 350Z, RX8 etc are now close to this level ?
Or am I missing something ?
They're getting old, the MY92 cars are coming up for 20 years. With that age come a host of potentially expensive problems including engine top end, transaxles, brake plate lift, fule and brake lines, leaks etc. They're also starting to suffer from corrosion in the cill area.
All that means that while nice CS's will increase in value, tired or poorly maintained cars will suffer in value. Also, they are now being affected by the affordability of Boxsters at the bottom and, and early 996's at the top end of the value range.
SS7
All that means that while nice CS's will increase in value, tired or poorly maintained cars will suffer in value. Also, they are now being affected by the affordability of Boxsters at the bottom and, and early 996's at the top end of the value range.
SS7
OnlyMX5ives said:
Porsche 968 prices around £7-8,000
That's quite a lot of money for an old car which, as you have seen, isn't all that rare and has the potential to deliver some over-exciting repair bills even if generally well built.Buy on overall condition and full service history. Age and mileage are secondary considerations.
Dracoro said:
If a car has been on the market a long time and is a good example etc. then there's a good reason why it hasn't sold. It's overpriced.
True (ish) but these are the cheapest cars available.90k ones are going for £10k upwards and they frequently have yet had the clutch, cambelts etc that the higher mileage cars have had.
I very nearly bought a 968 Sport. I've wanted one for years and think they are fab.
When I got to test drive a few, they felt great, superb balance and plenty of go. I felt the 968 was a little better to drive than a 944 S2 and a lot better looking. The ones I saw had been for sale for a long while (which puts me off as it = overpriced in my book).
However personally I couldn't justify a 968 when compared to newer alternatives.
So I bought a 350Z for a similar price.
When I got to test drive a few, they felt great, superb balance and plenty of go. I felt the 968 was a little better to drive than a 944 S2 and a lot better looking. The ones I saw had been for sale for a long while (which puts me off as it = overpriced in my book).
However personally I couldn't justify a 968 when compared to newer alternatives.
So I bought a 350Z for a similar price.
Not sure if I agree with some of the comments above. 968s not rare? I certainly see fewer on the road than most models. Also while sill corrosion is a known issue with 944s, 968s seem to be much less affected.
The point about 944s being much cheaper yet offering up a similar experience is a valid one, plus most people simply won't consider paying this kind of money for a 15+ year old car with 100k+ miles on the clock. You've really got to specifically want a 968 and you've really got to believe in condition over mileage. Meaning that the market for 968s is sadly rather small.
The point about 944s being much cheaper yet offering up a similar experience is a valid one, plus most people simply won't consider paying this kind of money for a 15+ year old car with 100k+ miles on the clock. You've really got to specifically want a 968 and you've really got to believe in condition over mileage. Meaning that the market for 968s is sadly rather small.
I think it's all been said - they're in that awkward price bracket. 7k-10k gets a lot of motor car, and a lot of more modern quicker machinery is available. For those who want the sweet Porsche handling there's the 944S2 or the Boxster if your budget is higher.
I think you have to really want one.
I've always liked them and thought a Sport would make a lovely daily drive, but for that money there's a lot of other interesting stuff around.
I think you have to really want one.
I've always liked them and thought a Sport would make a lovely daily drive, but for that money there's a lot of other interesting stuff around.
Unless you've had one you wont realise how good they are, hence its a small market. The good ones get snapped up quickly.
I had a very nice Sport,it was a great car to drive, incredibly well built so the age/mileage is not an issue, once you've driven a good 968 you will appreciate why people will pay this level of £££ for one.
I preferred my 944 turbo's to the 968, but you are looking at £7k plus for a good 944 turbo these days (not many good ones left).
I had a very nice Sport,it was a great car to drive, incredibly well built so the age/mileage is not an issue, once you've driven a good 968 you will appreciate why people will pay this level of £££ for one.
I preferred my 944 turbo's to the 968, but you are looking at £7k plus for a good 944 turbo these days (not many good ones left).
)I think it's often forgotten that there's two reasons a car hasn't sold, not just one: Firstly, (and this is the one everyone always mentions), the price is too high, so drop it till it sells (as Kambites says) but secondly, the right person hasn't turned up yet and the market's small. Reason 1) works for something common like a Golf GTi that loads of people want, but reason 2 applies more to specialist cars or classics like the 968. Cars like that don't sell in a moment, and it may take months and months to sell it. For example, Caterhams often take months to sell - mine took about 4-6 months I think, but when it did sell, I got the price I was asking. Just dropping the price in such a situation is pointless, because it's the buyer you're waiting for, not the price.
Phew! Now that was a potentially expensive trip! I couldn't help but go off on a tangent and find this, however.
http://www.pistonheads.com/sales/1594611.htm
I'm ashamed to admit this, however when I was entering my 20s I had an opportunity to buy a lovely condition S2 and actually drove it at the dealer whilst I was making up my mind what I wanted .... Sadly in the end, I chose something else that the dealer had to offer ..... A 16v Calibra
http://www.pistonheads.com/sales/1594611.htm
I'm ashamed to admit this, however when I was entering my 20s I had an opportunity to buy a lovely condition S2 and actually drove it at the dealer whilst I was making up my mind what I wanted .... Sadly in the end, I chose something else that the dealer had to offer ..... A 16v Calibra
Fort Jefferson said:
OnlyMX5ives said:
I fancy a change and have been watching Porsche 968 prices for a few months.
There are a few around 110 - 130k around £7-8,000 that have been advertised for at least 2 months.
Ask yourself why you haven't bought one, and thats your answer.There are a few around 110 - 130k around £7-8,000 that have been advertised for at least 2 months.
(unfortunately she has a valid point)
I think the 968 is in a difficult place in the market.
It's old enough to concern some about buying an old Porsche.
To many it's not dramatically more capaable than a 944 S2 for half the money.
Peronally I also find the looks a bit awkward. A bit like the last TVR Griffith's and the last Lotus Esprit's with the revised rear lights. It still looks like an old car but trying a little hard to look newer than it really is.
I don't doubt the 968 is a great car and a nice one would do anyone proud but I can see why they're not flying from the 'shelves.'
It's old enough to concern some about buying an old Porsche.
To many it's not dramatically more capaable than a 944 S2 for half the money.
Peronally I also find the looks a bit awkward. A bit like the last TVR Griffith's and the last Lotus Esprit's with the revised rear lights. It still looks like an old car but trying a little hard to look newer than it really is.
I don't doubt the 968 is a great car and a nice one would do anyone proud but I can see why they're not flying from the 'shelves.'
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