[ds968]

plenty threads on both forums dealing with the "value" of the 968 vis a vis market prices, so I'm not trying to start a new discussion on the merits / demerits and variables of valuation .... furthermore, since I will never sell the car you'd think I couldn't care less, but I do have a serious concern with market values being where they are, in light of $ 8,500 sales ( a lucky new owner posted the recent deal on .net ) and similar bargain basement prices for these cars:



should you / we become the unfortunate victim of an accident ( I say victim because clearly none of us would ever be the cause of one <img src="/forum/images/smilies/968/wink.gif" class="smilie" alt="" /> ) and the cost of repair is ( IIRC ) above 80% of the car's market value, the car is totaled by the insurance company....and you're screwed ! Good luck trying to argue special consideration to the condition of your car vs. the norm, various mods, and what not.. at best it's an uphill battle to add a few dollars to your car's pre-determined market valuation, but not nearly enough to save you from ending up way short if you're looking to replace it with another 968. Because you just know the one you want will not surface for six months or more, in the color, condition, features, etc.. where you could compel the insurer to accept it as a reasonable replacement for the one you had... and a year later when you do find THAT car, the person selling it is not letting it go for less than double the amount you probably collected from the insurance company for yours... <img src="/forum/images/smilies/968/mad.gif" class="smilie" alt="" /> <img src="/forum/images/smilies/968/mad.gif" class="smilie" alt="" />



aw, just letting out some steam. <img src="/forum/images/smilies/968/dry.gif" class="smilie" alt="" />

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[josephsc]

I've had to deal with insurance companies before and if you have a good insurance company, they do a good job of finding comparable vehicles. The vehicle in question is a high mileage car (175k miles), which would be accounted for -- perhaps not perfectly -- in insurance valuations. Plus, I swear that $8500 car is the Tip cab listed on Craigslist awhile back -- and Tip carries a discount.



At any rate, when I had to deal with insurance companies, the part that was most important was having all documentations (receipts, photos, etc). And if you're really worried, you can go get an agreed value policy.

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[ds968]

[quote name='josephsc' date='Apr 27 2006, 02:25 PM']And if you're really worried, you can go get an agreed value policy.

[right][post="19942"]<{POST_SNAPBACK}>[/post][/right][/quote]



Tried that as soon as I bought the car a couple of years ago - they ( my insurance co. and two others ) would not do that for a daily driver and / or

a car not categorized as a "collectors" or "rare" ..



But you're absolutely right about documentation....it's essential, even though the adjustments, in my experience anyway, are rarely par with replacement value.



Hey, I'm keeping records on the COUPE which sold for > $ 25k last year and the cab for $ 29k around the same time ( well, keeping them as soon as I can just find the info again ) it might help a bit.



Regardless, hope none of us will ever have to face that dilemma. A happy, safe, damage-free million miles to each of us !! <img src="/forum/images/smilies/968/cool.gif" class="smilie" alt="" />

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[flash]

my problem with that was the gap - the companies i found that would do it, capped out at $300000 coverage, and the umbrella policy doesn't kick in until $500000 - that left me hanging for 200 grand - i felt it was better to eat the 30 grand or so loss on the car, rather than 200 on other damage - i could always buy back the car and switch most of the stuff over to the new one



joseph - did i just say that?

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[ether_joe]

[quote name='ds968' date='Apr 27 2006, 02:48 PM']Regardless, hope none of us will ever have to face that dilemma.  A happy, safe, damage-free million miles to each of us  !!    <img src="/forum/images/smilies/968/cool.gif" class="smilie" alt="" />[/quote]



hear, hear <img src="/forum/images/smilies/968/smile.gif" class="smilie" alt="" />

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[TheMirror]

Ya know, we might just be seeing the low point with these models now.

Other models have done the price swing, 356s are outta sight right now, 2.2 and 2.4 911s are increasing at a rapid rate, etc.



Granted, our cars are more complex than those models, and are less supported by the aftermarket.



Nevertheless, I could see the value pendulum swinging back up once the sad-sack examples of the 968 are parted out and the true survivor vehicles are what's mostly left. In comparison to new cars, with computer goddamn everything, these lovely 968s are simple and effective....never mind awesome looking and performing!



Some model from the 924-944-968 range has to be on top of the value heap, and when its all said and done, it will be the 968.



Keep washing and waxing everyone! Future classic sits in your garage.



-Mirror

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[TheMirror]

Heh heh, upon re-reading this quote, its very much like the conversation I had with my loan officer in regards to the loan on my car. He told me that the "book" value on my car was around $9000, to which I sent him a few links to autotrader and ebay searches....showing him that this was definitely NOT a "blue book" type of car....



[quote name='ds968' date='Apr 27 2006, 02:04 PM']plenty threads on both forums dealing with the "value" of the 968 vis a vis market prices, so I'm not trying to start a new discussion on the merits / demerits and variables of valuation .... furthermore, since I will never sell the car you'd think I couldn't care less, but I do have a serious concern with market values being where they are, in light of $ 8,500 sales ( a lucky new owner posted the recent deal on .net ) and similar bargain basement prices for these cars:





[right][post="19939"]<{POST_SNAPBACK}>[/post][/right][/quote]

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[ds968]

[quote name='TheMirror' date='Apr 27 2006, 03:42 PM']Ya know, we might just be seeing the low point with these models now.

Other models have done the price swing, 356s are outta sight right now, 2.2 and 2.4 911s are increasing at a rapid rate, etc.



Granted, our cars are more complex than those models, and are less supported by the aftermarket.



Nevertheless, I could see the value pendulum swinging back up once the sad-sack examples of the 968 are parted out and the true survivor vehicles are what's mostly left. In comparison to new cars, with computer goddamn everything, these lovely 968s are simple and effective....never mind awesome looking and performing!



Some model from the 924-944-968 range has to be on top of the value heap, and when its all said and done, it will be the 968.



Keep washing and waxing everyone! Future classic sits in your garage.



-Mirror

[right][post="19950"]<{POST_SNAPBACK}>[/post][/right][/quote]





You can say that again !! oh wait, you sorta' did..with the quotation insert <img src="/forum/images/smilies/968/biggrin.gif" class="smilie" alt="" /> _



But particularly agree on how mfgs are computerizing the crap out of every little thing in new cars ! WTF ? -they drive you instead of you driving them. Not to mention that brushed aluminum center instrument panel and brushed aluminum

everything else which seems everyone is using from one model to the next. Great, driving around in a Fifties Diner and shelling out $ 80k + for the "privilege"..

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[ether_joe]

[quote name='TheMirror' date='Apr 27 2006, 03:42 PM']Keep washing and waxing everyone! Future classic sits in your garage.



-Mirror[/quote]



right on, Mirror - only 4600 ever brought to the US, looking and driving like they do? yeah, future classic for *sure* <img src="/forum/images/smilies/968/smile.gif" class="smilie" alt="" />



I'm never selling mine. I'm going to get another down the road, put an LS1 in it, and track the mutha.

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[flwbyu]

Hey, I figure - "What goes around comes around". While the price seem to fluctuate right now, soon, it will swing the other way.



Insurance companies stay rich for one reason - "they never give what you pay." <img src="/forum/images/smilies/968/huh.gif" class="smilie" alt="" />

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[josephsc]

[quote name='josephsc' date='Apr 27 2006, 01:25 PM']Plus, I swear that $8500 car is the Tip cab listed on Craigslist awhile back -- and Tip carries a discount.[/quote]I take back what I said -- the car in question was indeed a 6-speed. The tip cab I was thinking of is now relisted on eBay: 92 Tip cab on eBay for $8500

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[RPM]

I fear that, no matter the real value, performance, and quality, the 924.944.968 series is never going to really see a hike in value. Just too many "not a real Porsche" attitudes and biases to make it collectible. The 968, with its more Porsche looking design and made in Zuffenhausen quality is a fine sports car that I really enjoy, it just is not going to appreciate. This is not to say that pristine low-mileage cars will not continue to command premium prices, only that no one anytime soon is going to start buying them as an investment or to restore.



Appreciate it for what it is - a somewhat rare, yet relatively inexpensive Porsche.

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[Spieln968]

Its a long story but I ended up paying about $8,500 for my 968 about 15 months ago. However I have about double that in it now and I am not done yet. And that is only the cost of the parts as I have been doing the labor. What is the old saying, "there is no such thing as a cheap Porsche". You might find some low list prices for these cars but I will bet that they need a ton of work and some very expensive parts.

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[RPM]

A lesson we have all learned, soemtimes more than once. A current post on the Rennlist 968 board describes a pristine 37k cab that some guy just bought. He then proceeded to drop nearly $7,000 on repairs. Frighteningly I was not surprised.

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[flash]

yup - i've been watching, and it looks like, including purchase price, and over the first 2 years, it basically takes about 20 grand to get a a hardtop up to snuff, and closer to 23 for a cab, regardless of which way you go about it - and i'm not talking about concours perfect either - just a good solid clean runner - the prices drop - the repair bill goes up - the nature of the beast with used cars

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[GuardsRedCoupe]

[quote name='RPM' date='May 3 2006, 10:34 AM']A lesson we have all learned, soemtimes more than once. A current post on the Rennlist 968 board describes a pristine 37k cab that some guy just bought. He then proceeded to drop nearly $7,000 on repairs. Frighteningly I was not surprised.

[right][post="20339"]<{POST_SNAPBACK}>[/post][/right][/quote]



Can you link that post? I didn't see it right off-hand.

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[josephsc]

And then there's Flash who buys a perfectly good $25K car and proceeds to drop another $25K into it. <img src="/forum/images/smilies/968/biggrin.gif" class="smilie" alt="" />



No matter how you cut it, these cars eat money.

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[RPM]

Can you link that post? I didn't see it right off-hand.

Finally drove the 968

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[GuardsRedCoupe]

[quote name='RPM' date='May 3 2006, 12:56 PM']Finally drove the 968

[right][post="20359"]<{POST_SNAPBACK}>[/post][/right][/quote]



Wow, he seemed to take that pretty well. I think I would have used a few more exclamation marks! <img src="/forum/images/smilies/968/tongue.gif" class="smilie" alt="" />

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