02-16-2007, 03:30 PM
Over the years, it appears to me that Bruce Anderson's Porsche valuations have been quite a bit exagerated. The only place that you see the 968's advertised close to his numbers are in Panarama! I'm fanatical about checking sales areas for prices of 968's, 944's, and 911's......and always find that realistic prices are quite a step below his numbers.
Two years ago, when I was in the market for an 89 Carerra Targa......Excellence had the car priced at about $23K in excellent condition (no mention of mileage). I did not have to do much shopping to find several in the $18 - $19K ranged and finally bought one that was cosmetically perfect (I had to do a clutch), for $16K. Doing the clutch brought my investment up to $18K...still more than 20% below Bruce's numbers.
When I searched for my 968, there were lots of cars out there advertised for $21 -22K, but when I called on them....they had been on the market for months. I finally settled on my current 93 Cab which was not concurs....but a very nice car, for $13K. The car needed a top which would probably add about $2K to my investment......but still a huge gap between $15K and $21K.
What I have seen from all my constant looking is that asking prices for our cars don't seem to change very much. I don't know the other side of the equation, though - what are they really selling for?
I do agree that as the number of cars deminishs, that we should see stabilization, if not excalation in values.
Just my two cents.
Two years ago, when I was in the market for an 89 Carerra Targa......Excellence had the car priced at about $23K in excellent condition (no mention of mileage). I did not have to do much shopping to find several in the $18 - $19K ranged and finally bought one that was cosmetically perfect (I had to do a clutch), for $16K. Doing the clutch brought my investment up to $18K...still more than 20% below Bruce's numbers.
When I searched for my 968, there were lots of cars out there advertised for $21 -22K, but when I called on them....they had been on the market for months. I finally settled on my current 93 Cab which was not concurs....but a very nice car, for $13K. The car needed a top which would probably add about $2K to my investment......but still a huge gap between $15K and $21K.
What I have seen from all my constant looking is that asking prices for our cars don't seem to change very much. I don't know the other side of the equation, though - what are they really selling for?
I do agree that as the number of cars deminishs, that we should see stabilization, if not excalation in values.
Just my two cents.
