[Rap]

Kaj, interestingly enough at the track I have found that fellow PCA ers seem to appreciate our 968's. The red car had a steady stream of people coming over to oh and ah it. It was actually pretty cool. I'm not sure the new white one will elicite the same comments but track drivers appreciate the 968.

Now Flash no comments we have heard before how poor of a track car the 968 is

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[flash]

track guys are a bit of a different breed to begin with.  also, it's hard to argue against the reality that the 968 goes around the corners better than your average 911 of the day.  they pretty much have to give the 968 its due.

 

lol - no, i don't think the 968 makes any better a track car than a pickup truck, but they take those out there too, so there ya go!

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[ds968]

Neither the 968's handling and road feedback , driver ergonomics, nor its spectacular looks , all of which which are extraordinary even by today's standards will add a single penny to the car's market value appreciation - look at what's highly in demand and bought for absurd amounts of money at auctions or in high end car magazines ads : American muscle cars which are pure crap in every respect except for the nostalgia factor, and the rest are rare models of marquis names like Ferrari or Aston Martin, which Porsche ( whether we like it or not ) has never been in same league , and much less the little-known 968 in spite of it being arguably one of the ( if not THE ) best all around Porsche ever made. Still amounts to nothing in the eyes of the general public or much that would appeal to car collectors.  I'm not saying a 968 in mint condition and with low mileage may not sell for $ 75k in five or ten years from now, but as for the majority of the 968s, whether in great shape or not, I can't imagine they'll will pass much beyond a $ 25k threshold ..ever .

The true value of this gem of a car is exclusively reserved and limited to its owners, a.k.a. those "in the know" . :-) .  As I said before, if anyone would hand me $ 75k in cash right now for my blue car, I'd politely decline with a smirk on my face which reads ; " - buddy, you're not even close ! "  That's because I have driven numerous cars , old and new, and in every price range up to about $ 250k and have not found a single one that puts as big of a smile on my face as the 968 does. Not one !  So that $ 75k hypothetical offer means nothing to me because, I would not be able to find another make and model which is comparable to the 968 ( again, when I factor in every tangible and visceral attribute of what I like in a car ) for less than $ 75 -$ 100k range .  And even then it'd be a struggle ... So to me, that's the criteria which represents the 968's " market value "    But who else knows that except those, of us who own, or owned a 968 ?!   Not many.   

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[94SilverCab]

As soon as Flash gets out of the 968 world, prices should begin to soar...ba dum bum...

 

Jay

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[flash]

lol - or plummet

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[Kaj Hallstrom]

I am optimistic despite all the "bad vibrations" out there. I am sure a well maintained car with around 60-80000 miles will fetch $30,000 in five years. Check back with me in five......until then I will enjoy the ride....and so should you.

 


I am optimistic despite all the "bad vibrations" out there. I am sure a well maintained car with around 60-80000 miles will fetch $30,000 in five years. Check back with me in five......until then I will enjoy the ride....and so should you.

[sharedmedia=core:attachments:14962]

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[flash]

i think that's probably overly optimistic.  that's a high mileage car.  60k is a magic number of doom when it comes to mileage.  there is about a $2000 difference between a car at 59k and a car at 61k.  it's weird, and doesn't seem to make a lot of sense, but it's true.  starting at $15k, even with a 5% increase per year (which is more than even the low mileage cars are increasing right now), you only hit $19.1k

 

to see $30k, with that mileage, it would have to have something very special about it, like a very clean original all leather interior and original paint, etc

 

things that will negatively affect the price of a car will be things like cracks and/or wear marks in the seats and shifter, dirty carpets, and stuff like that.  cabs get beaten up the most, because of the extra exposure.  i had to do quite a bit to the all leather interior of the black car i just sold, so as to justify the price tag.  i had the white car dialed in too.

 

sorry - wish it weren't true.  i still have one more extremely clean, extremely well maintained, very low mileage car to sell myself, and would love to see things change.

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[flash]

something to consider when thinking about value, is that most people who look to buy one of these cars, actually wants to drive it.  as such, tasteful and useful modifications are extremely helpful

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[Rap]

I wonder if there is a stat out there which compares the average annual mileage driven by 968 owners compared to 911 owners? I know it is a common lament among Porsche owners that they wished they drove their car more during the year.

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[Kim]

When I had my white 968 I drove it about 250,000 km over the 8 years that I owned it.  I never was much concerned about diminution of value but what really added up was simply the cost of maintenance and repairs which, of course, is directly related to use.  I always simply worked on the premise that it would be 'worthless' when I was done with it - I just wanted it to be a while before I was done.

 

And, if I could find a car around here like the ones that Flash has sold and is trying to sell (ie great condition with useful upgrades) I would buy it and simply limit the use to 10,000 km year, not to preserve value but more to keep maintenance costs reasonable.

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[94SilverCab]

I purchased my 968 in March of 2000 with 16,000 miles on the clock. I drove it 40,000 over the next 2 years (56,000). And currently have just over 89,000, so 33,000 miles over 15 years, about 2,200 miles/year average. Ideally, I would like to be in the 2,500-3,000 miles/yr. range to make the most of my 5 yr./15,000 mile parts.

 

I drive year round, and try to never let it sit more than 3 weeks, conditions permitting.

 

Jay

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[flash]

kim - the white cab is still available.  i removed most of the upgrades though.  the only things left on it that are non-stock are M030 swaybars and the stereo.  28001 miles, FULLY serviced (belts, motor mounts, etc), new tires, just reworked the seats, entire car is EXTREMELY clean.

 

i put it at a consignment lot, because i did not want to deal with selling it, and they offer financing, so much easier for a buyer to get into it

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[968Syncro]

A few thoughts for discussion:

• The market is segmented into various Porsche lines:  The 911, 356, 914, 928, Boxster, etc.  Of course the 911 line is segmented even more into the different generations.
  
• The 968 will always be in the market segment called "924/944/968".  It will not become its own accepted line of cars even though the styling is far superior than the others, "80% new" is not enough.  The form factor is still a 924.  These cars will always be known as "entry level" within the Porsche family like the 912 and 914 and Boxster.
  
• The 968 will "generally speaking" not exceed the value of the 944 Turbo - but will align along with it as prices go up.  There is no pedigree or reputation or nostalgia for the 968 as there is with the 944 Turbo.
  
• The threats to 968 values are the 996 and the Boxster S / Cayman S.  Excellent examples of these cars are now plentiful in the high teens like where the 968 is headed.  The 996 and Cayman will always be more desirable.
  
• There were no "specialty" models for the 968 (e.g. Turbo, "S" model, or special editions).  M030 is an option, not a sub-model.  Therefore the mind will always see the 968 as some type of "base model", the regular/plain model, and not associated with some high-end special edition pulling it up.
  

If there is one word I always think of the 968 it is balance:

• Sure the handling is great balance.  Side note:  I've always liked great handling more than power, you know the old adage:  if you want a faster car go to driving school.
  
• It has balance between great performance and practicality.
  
• It is balanced between old and new.  There was a break-point with Porsches around the mid 90s -- everything before including 928 and 993 are different than the 996 and Boxster that followed (including Cayenne, Panamerica, etc.).   The 968 has a terrific balance between the older mechanicals and the newer Porsche styles and can appear very contemporary and fit well as a modern car.  (except the B and C pillars).
  
• The price is balanced, not to cheap and not too expensive.
  
• However balance by definition is "somewhere in between", it doesn't stand out in any characteristic at all, there are no extremes, no stories.
  

The Porsche market is fickle, based a great deal on emotion and perception.  For most people the 968 will not stir the heart like other models.  And yes it is a great car, but it is still unknown:  ya kinda gotta own one to figure it out.  And how does a 968 buyer go to his friends and family and say "Hey guys, I just got a 968!"  Compare that to: "Hey guys, I just got a 911."

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[Kim]

Flash, I did think about it as well as the blue one, which is what I really would have wanted.  But 6000+ km, one border, different currency and customs to get through made the concept unappealing.

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[flash]

yeah - the blue one would have gotten pretty pricey that way.  the white one though, not so much.  there have been quite a few people tickling about the car, but nobody has signed on the bottom line yet.  not expecting it to last much longer though, now that the weather is really improving.

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[Rap]

Synchro nice analysis. On the going to friends and family part I disagree. Unless they are car people or car oriented neither 968 or 911 means much of anything to them. People under 35 seem to not know a tremendous amount about what I suspect most of us take for granted whether it is about cars or anything else. I'm not saying their stupid, they just know different things. Perhaps it is my age but I have young people who work for me and I am dismayed at their lack of knowledge. Perhaps it's not their fault because it's not taught in schools anymore.

Most people who aren't car people hear me say 968 and I know it means nothing to them. However, when I say Porsche their eyes light up. I have track people who tell me they are sorry they got rid of their 968 because they really liked it and how it drove all the time. This comment always makes me wonder!

When I was looking for another 968 to use as a platform to replace my red 968 there weren't a lot of cars out their. But when I tapped my network of 968 people I found a number of different options. The gentleman I purchased my new car from drove up in a mint green 968. I tried to buy the car on the spot. Sort of stupid but it had that wow factor. Nor did I need another 968!

Our car is a niche car in a sub category. As with many sports cars, Flash shush, the reasons people buy them are many but thinking one will make money on them shouldn't be a factor.

Kim there is a nice blue 968 in Syracuse, NY. Contact optigolf.

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[flash]

lol - you mean misnomering the 968 a sportscar?  yeah - the gas crisis of the 70s had a big impact on what we call a sportscar today.  they still had to sell cars, and too many men want something called a sportscar, and not a hatchback or sedan or GT

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[Waylander]

Different here as we have the UK only Sport, and Clubsports


The value of these are rocketing


Low miles top class clubsport all original will fetch $55k

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[ds968]

If you ship your 968 to Singapore , you can expect a sales price anywhere between a low of ( US ) $ 75,000 for a tiptronic coupe , to well over $ 150,000 for a six speed cab. Assuming they're in near mint condition ( you are not allowed to drive a car with visible flaws such as small dings, scratches, etc., ) and with less than 100 K on the odometer .Then again, the price for any other make and model car in Singapore is nuts ! You'd think someone could make a really good living just importing cars and selling them there, but if you do that as a business the taxes on imported cars are prohibitively expensive ,and it does not pay off ..but single owner - new owner sales transactions are not quite as onerous ..

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[Big Carl]

It's a different time we live in, regarding the front engine Porsches.

 

I can't explain these results, but it happened... Sure its nice and clean; but it's only a US spec 924 S.

 

http://www.rmsothebys.com/am17/amelia-is...-s/1701940

 

 

I dont think its a stretch to think the 968 is seeing the same levels of interest.

Clean cars that say "Porsche" will appreciate, it doesnt matter the model.

Nobody wants to miss the next Dino or 911 bubble. 

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