[2CS67]

I see some posts from several years ago about 968's values but nothing more recent, since many Porsche values have really climbed.  I just purchased a 968, my first Porsche, and I'm very interested to see what the current thoughts are on 968 values.  Given the limited production numbers, largest 4 cylinder engine at the time and first every six speed manual transmission I was a bit surprised at what seems to be low prices for the 968's.  At current prices they seem like a great value!  Again, any thoughts on why others think they are still so reasonably prices relative to some to the other Porsche's would be interesting.  Thanks!

Partial Post: Please Login or Register to read the full post.

[Rap]

Hope springs eternal!

Partial Post: Please Login or Register to read the full post.

[ds968]

Yes the 968 values have climbed somewhat in the last year and perhaps more so than ever , but no way near proportional to the huge leaps the air-cooled 911s have experienced. Maybe I get the appeal of a 993, but anyone paying $ 35K + for an uninspiring , run-of-the-mill 1980 SC ( for example ) when for the equivalent price you can have a top notch 968 , needs to have their head examined IMO .

But by the same token anyone who pays $ 35 K for a 968, when for the equivalent price you can buy an 'early 2000s Aston Martin Vantage, ( mileage, condition , all else being relatively equal ) probably also needs to have their head examined. That market ( used Astons ) inexplicably plunged in the last couple of years .

Partial Post: Please Login or Register to read the full post.

[Kaj Hallstrom]

Edmunds just recently made an evaluation on my mint 1994 Cabriolet ........PRIVATE PARTY $6,967??? Are they out of their minds. I turned down a $22,000 offer just recently. So how can you get a "real" value out there to pass on to your insurance?.....I fear the insurance will just pick the lowest $ amount available if your car is totaled and you are screwed.

 

I see some for sale from $8000 and up to $ 54000..........How do I find a "realistic" estimate

Partial Post: Please Login or Register to read the full post.

[ds968]

Edmunds must have confused your car with a totaled / salvage title, non-operating pre-86 944., lol ! Otherwise, they're simply idiots.

The only way to escape insurance companies from doing exactly what you pointed out is to get an agreed value policy, but those do have various restrictions amd mileage limits . So your car is a daily driver, it's going to be a tough call but you should save every single one of those $ 54,000 listings you notice ( I've seen a few low mileage cabs and one coupe in the last year with asking prices b/w $ 40 k and $ 50 k .does not mean they sold anyway near that, but it's as good of a documentation you can have if you ever have to argue a claim )

Partial Post: Please Login or Register to read the full post.

[Kaj Hallstrom]

Yes, one thing is what the asking price is, and one what you get. Just checked Kelley Blue Book and they are also way off. $ 12,000 is what they score it at in very good condition. ( I even left out excellent condition, which is probably where it should be) .......something is not right here......are the asking prices inflated?....or are KBB and Edmunds and many others just way behind in their value evaluations.

 

Not ready to sell my Amethyst Queen but just curious about this crazy market.

Partial Post: Please Login or Register to read the full post.

[Rap]

Remember our market is a very small market which doesn't allow for an easy valuation across a class of vehicle. Yes I know other small classes have high values but generally they started with a higher valuation. Prices are creating up. 7 years ago when I got my first 968, I don't recall a lot of chatter about valuations over $20,000, except for here of course. The last two 968's I've purchased have been priced well under $10,000. I think it might be the low end of the market that is keeping Kelly and other valuations low.

Partial Post: Please Login or Register to read the full post.

[flash]

i've said it many times before, but i guess i can repeat it

 

the tools used to value a car are based on some very specific factors.  accrued mileage is one of the largest ones.  as with every car out there, the lower mileage cars will always be worth more than higher mileage cars.  the perception still exists that more than 60k miles is high mileage.  right or wrong, it is what it is.  as time goes on, more and more cars move into the high mileage category.  as that happens, and as their value plummets, they fall into disrepair.  this leads to attrition.  finally, when the bulk of the cars are sent to the scrap heap, the value climbs back up.

 

the 968 is not yet to that point.  there are still too many of them around.  values are just beginning to creep up, but only on very low mileage cars (under 35k miles).

 

my guess is that it will be at least another 5 years before prices really start moving.

 

what works to the disadvantage of the 968 is that it was never a popular car, does not drive nostalgia, and there was never a romantic connection to the public.  every major collectible car had that to one degree or another.  this will hold the 968 back from ever achieving any real status as a collectible.  sure, it will have a cult following, and its value will climb, but it will never see the peaks the 911 has seen.

Partial Post: Please Login or Register to read the full post.

[Kaj Hallstrom]

Yes Bob, we know you have said it before. However, these cars do increase (in sharp contrast to 99% of all other cars) in value and have done so the last 3 years, Are they going to make us rich? ......no way.... but that is not the point. They are the best of all the transaxle Porsche's out there. They have a beautiful timeless design by Harm Lagaaij, especially in Cabriolet form. They draw more attention than any 911 you park them next to (my experience).....bottom line..... they stand out......and are just fun as a daily driver and show car.

I can only see the market getting stronger as the weak once disappears.....Again how do we explain the value to the insurance company. The only way I see it is to get a written report from a professional car appraiser, which is probably the way i will go.

 

 

PS: Can you tell I love my 968?

Partial Post: Please Login or Register to read the full post.

[flash]

actually, they haven't really increased at all.  while there have been a few cars that have gone for more money, most of the cars have gone for less.  people are "asking" for more money these days, but they aren't getting it.  i wish they were.  i've sold 2 cars in the last 2 years, and have another one out there now, all of which were very special.  the prices were not what i would have liked.  the average price over the last 3 years has continued to fall by about 5% per year.  that is because most of the cars that are selling are the high mileage cars.  this will continue until the bulk of the high mileage cars are gone. at this point, the only cars going up are the super low mileage ones.  anything high mileage (60k miles plus) is going to continue to fall for some time to come, and will likely accelerate downward.  super high mileage cars (over 100k miles) will plummet.  i expect to see cars with 120k miles going for under $5k in the next 5 years.  the low mileage cars will slowly climb. it's just the way it goes with cars.  i've been buying and selling collectibles for 40 years, and without variation, this is how it goes.

 

at the current rate of attrition in the states (about 50 cars a year) i figure another 10 years or so before values take any appreciable upturn.

 

there is no explaining anything to the insurance companies.  they will never get it.  that's not why they are in business.  they will continue to use the measurements of days gone by.  it is what it is.  haggerty is probably the only one who will ever get anywhere near appreciating the car.

 

none of that means anything though, if you just plain love the car.  value only has meaning if you plan to sell it.  you are always better off paying for a repair yourself, rather than using the insurance company, and that is the only other time value has any value.

 

drive the wheels off of it, modify the hell out of it, and let the car see its potential, and don't worry about value.   unless you have less than 30k miles on the car, it won't make any real difference anyway.

Partial Post: Please Login or Register to read the full post.

[WJH]

If we could just get a 968 on Jay Leno's Garage. LOL

Jay could talk about what a great car it is and so desirable. He did have an old Volkswagon on a few weeks back.

Partial Post: Please Login or Register to read the full post.

[94SilverCab]

I think some of the greater than 100K mile cars are probably about due for full restoration, at that point mileage becomes much less important than condition. I'm optimistic that because of the low production numbers that values will continue to climb steadily.

 

Reminder, there were over 76,000 356s built, and look what they go for today.

 

JMHO,

 

Jay

Partial Post: Please Login or Register to read the full post.

[jimham968]

I'm with Flash on this one. These are great cars but because they're not rear engined nor air cooled they'll always lag in values and appreciation to the purists. I bought mine because I always liked them, they had good performance to start with, were relatively up to date (air bags, anti-lock brakes, automatic climate control, etc), and are among the easiest Porsches to work on and update.


My goal was to modify the car to how I wanted it and just enjoy it. I am not too concerned whether it has value to anyone else (except for perhaps my wife). I am well along the path, thanks in a large part to Design1Racing. I added M030 brakes and anti-sway bars, D1R braces for the struts, camber plates, firewall and chassis. I upgraded from 16 inch 993 cups to 17 inch 993 cups. I added a double DIN head unit with nav, Bluetooth and iPod integration, plus appropriate amps & speakers. I installed both a Bulldog keyless entry/trunk pop and Window Express one touch windows to further bring it up to date. Most significantly I added the D1R supercharger stage 3 kit. I just bought a 993 steering wheel to install. I still have the short shift kit to install.


All I have left on my big plans list is a set of upgraded seats, probably 997 sport seats, and something with the suspension. I haven't figured out my suspension plan yet because I need to install new caster blocks (this weekend) and steering rack bushings (also planned for this weekend). I'll probably upgrade the interior to full leather bit by bit but that will be over time. I might also add 18 inch carrera 3s at some point. Those are the big things. I'll always be on the lookout for little things to change or add that makes the car closer to what I want for myself.


After that, and for all of the time since I bought it, I DRIVE IT. It's a great car to drive and I smile whenever I'm in it. The changes I've made have substantially improved its performance and how much I like it. That, to me, is it's ultimate value.

Partial Post: Please Login or Register to read the full post.

[flash]

the 356 is no different.  prices only went up when the supply went down.  of the 76000 of them, i am willing to bet that over 90% are gone.  it is incredibly hard to find one these days.  you don't even see all that many at gatherings anymore.  those cars were also a whole lot more special, and have the love of the 911 guy.  our car will never have that.

 

but isn't that what makes it cool anyway?

Partial Post: Please Login or Register to read the full post.

[94SilverCab]

76,000 X 10% = 7,600...968s are already well below that level now. 

 

Jay

Partial Post: Please Login or Register to read the full post.

[Kaj Hallstrom]

I agree 100% with Flash that the 968 was never accepted in the 911 family. No transaxle was ever accepted in the little 911 cloud. I felt it clearly. myself when I joined the Redwood PCA for their road trips. I was even insulted last year by one the guys who asked me to get to the back of the convoy because " us with the nicer newer cars would like to be in the front"...................That was the last time I drove with them. Now my focus is the 968 West Coast Gathering...much nicer people, by the way. Hopefully we can built on this concept and keep the interest high for this car and so the value.

Partial Post: Please Login or Register to read the full post.

[flash]

lol - re: number of cars - it's a ratio thing.  when the 968 population is down closer to about 500 cars, then we will see the prices climb.

 

re: pca - yup - never had a warm fuzzy from those guys at any event i have attended, regardless of region.  lol - of course, it could be me

Partial Post: Please Login or Register to read the full post.

[Karrera Coupe]

For the past 4 years I am the very proud owner of an air cooled 911 - a 1987 Diamond Blue Coupe with 185k miles on it. I love to look at and it fiddle with it. Since I have replaced anything and everything that showed wear on it, it is in very good condition, especially its dark blue leather interior with driver seat bolster that shows hardly any wear!  I drive it once or twice a week.

At the end of Dec '16 I bought a 94 968 Coupe for $14k and I have since spent around $4k on it. When I am done I will have around $20k in it - at least that is what I planned before I got started, and I am tracking well.

 

To me the 968 is a much better daily drive than my 911. I would like to drive the 968 every day, but I am sharing it with my son. Buying it was not a financial decision, I just wanted one - as much to drive as to improve.  Note: to me improve means closer and closer to dealer show room condition, i.e.back to stock. 

I am hoping that I am not going to lose very much in depreciation on my 968 at least not compared to another "normal newer car". As far as future depreciation is concerned, I do not expect to have the same luck as when I bought the 911.

I think my insurer is not going to put much more in insurance value than about $6k on my 968. This causes a dilemma. How do I properly insure a 968 that has market value that I estimate to be around $15k? I think it being used as a daily driver precludes me from Hagerty type stated value insurance.

I am sure many of you have faced this problem. If anyone has found a good solution please post it on this thread.

Thanks in advance.

Partial Post: Please Login or Register to read the full post.

[lbpesq]

In anticipation of a potential value disagreement with your carrier, I'd suggest keeping track of the market.  Print out the info every time you see a 968 sold to help establish a true fair market value.   That way, when your insurance company contends the car is worth only $6K, you have credible evidence that it is worth more.

 

Bill

Partial Post: Please Login or Register to read the full post.

[flash]

there is a point where you just need to assume the risk.  insurance funded repair is the worst way to fix a bent car.  they will never pay for it to be "right".  they will only pay for what is "standard" in the market.  if the car is only worth $15k, i would minimize the insurance, and park the balance in an escrow account in the event of a booboo.

Partial Post: Please Login or Register to read the full post.