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Our cars are increasing in value.
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numbbers  



Joined: 05 Nov 2002
Posts: 1910
Location: Highlands Ranch, Colorado

PostPosted: Tue Jan 31, 2006 11:17 am    Post subject: Our cars are increasing in value. Reply with quote

The latest edition of excellence shows some pretty good prices for the 924/931 Porsches. It appears my 931 is worth between $4K and $5K.
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924er  



Joined: 10 Jan 2006
Posts: 339
Location: Los Angeles California

PostPosted: Tue Jan 31, 2006 12:01 pm    Post subject: Reply with quote

KBB says 1500
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Khal  



Joined: 26 Sep 2003
Posts: 4872
Location: Sunny and lovely interior BC, Canada

PostPosted: Tue Jan 31, 2006 12:50 pm    Post subject: Reply with quote

Redbook says up to AU$4,800 (~US$3,600) for mine! Bloody Hell, it's dropped in price!
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81turbo  



Joined: 03 Nov 2002
Posts: 1065
Location: Oakland, CA

PostPosted: Tue Jan 31, 2006 1:31 pm    Post subject: Reply with quote

Anyone want mine for 3K?
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Modoc  



Joined: 22 Dec 2004
Posts: 155
Location: Rexburg, Id / Fremont, Ca

PostPosted: Tue Jan 31, 2006 2:02 pm    Post subject: Reply with quote

whats the matter with it?

miles, and all that great junk... i might be interested in it
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timstar92404  



Joined: 22 Sep 2004
Posts: 2075
Location: richmond BC

PostPosted: Tue Jan 31, 2006 5:41 pm    Post subject: Reply with quote

yeah according to excellence the 924 has risen in value. but according to excellence the 924 has about the same value as a 944..... this isn't true when you're buying a 924/944.

according to excellence a 1977 924 in good condition goes for 3399 us and a 83 944 in good condition is 3464. Here a 944 usually costs twice as much as most 924s.

a 1978 924 in poor condition is valued at 2989 ! in real life a 924 in good condition wont' sell for more than a few hundred.

I can scan the excellence articles and put them up if anyone wants to read them, its on the 924/944/968.


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Last edited by timstar92404 on Tue Jan 31, 2006 6:55 pm; edited 1 time in total
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timstar92404  



Joined: 22 Sep 2004
Posts: 2075
Location: richmond BC

PostPosted: Tue Jan 31, 2006 6:54 pm    Post subject: Reply with quote

didn't work... photobucket won't let you save pictures larger than that so you can't read them. There are 4 pages and a table of prices from 1999 to 2003 and it shows the value of 924s especially has risen from 1999, value for some of the cars like 944 turbo has gone down.
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Khal  



Joined: 26 Sep 2003
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Location: Sunny and lovely interior BC, Canada

PostPosted: Thu May 25, 2006 10:46 am    Post subject: Reply with quote

Now that I'm a fully paid-up member of PCA ( ), they were kind enough to send me the May issue of Panorama.

There's a 76k mile near-perfect 924 Turbo advertised for US$10,500 or best offer...

Maybe they are going up in value?!
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924RACR  



Joined: 29 Jul 2001
Posts: 9081
Location: Royal Oak, MI, USA

PostPosted: Thu May 25, 2006 10:07 pm    Post subject: Reply with quote

Well, I'd sure as hell believe Excellence before I'd believe KBB! I priced out 924S's a few months ago, for some stats... they said my automatic 924S was worth more than the equivalent manual 924S! Junk data.

I'd be happy to take around 3-4k for either my 82 931 or my 924S...
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John Brown  



Joined: 07 Nov 2002
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Location: Leesburg VA

PostPosted: Thu May 25, 2006 10:28 pm    Post subject: Reply with quote

My guess: Both Excellence and KBB are biased to the high end as they only know about the (small percentage) of 924 which move through dealers or are reported to Excellence.

I've seen a number of the ads for 'one owner' 931 or the like at outrageous prices. But never have known of a completed sale. Tell me again why I should pay as much for a 931 as a decent example of a 951? Doh!
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Khal  



Joined: 26 Sep 2003
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Location: Sunny and lovely interior BC, Canada

PostPosted: Thu May 25, 2006 11:38 pm    Post subject: Reply with quote

John Brown wrote:
Tell me again why I should pay as much for a 931 as a decent example of a 951?


Rarity? Counts for a lot with these type of cars. Can't be more than a handful of truly concourse-quality 924 Turbo's in the world, don't ya think?

I'm talking the 924 Turbo here, not the 924. It'd be interesting to find out how many 911 Turbo's were made compared to 924 Turbo's (during the '78 to '82 production run). I reckon there's a better than average chance that there were more 911 Turbo's made than 924 Turbo's...
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Chrenan  



Joined: 15 Jan 2003
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Location: Canada

PostPosted: Fri May 26, 2006 12:24 am    Post subject: Reply with quote

Khal wrote:
John Brown wrote:
Tell me again why I should pay as much for a 931 as a decent example of a 951?


Rarity? Counts for a lot with these type of cars. Can't be more than a handful of truly concourse-quality 924 Turbo's in the world, don't ya think?

I'm talking the 924 Turbo here, not the 924. It'd be interesting to find out how many 911 Turbo's were made compared to 924 Turbo's (during the '78 to '82 production run). I reckon there's a better than average chance that there were more 911 Turbo's made than 924 Turbo's...


Khal, you're dreaming bud. A 931 is worth marginally more than a 924. Most Porsche people don't even know the difference, from a sales point of view they might as well be the same car. I've seen fair condition 931's in Edmonton at used lots for as little as a few thousand Canadian. Even a concours condition 931 isn't going to bring much more than a concours condition 924. I know you like to think that the 931 is a totally different car to the 924, and that the Euro 931 is the car that God drives, but it just isn't true. In terms of value, they are all dogs. Enjoy the 924 for what it is, because the money you put into any 924 is as gone as the money you drink in beer.
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Eturbo924  



Joined: 09 Nov 2002
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PostPosted: Fri May 26, 2006 2:13 am    Post subject: Reply with quote

The problem is there is not much market for the 924. There are so many sports cars that will blow it off the road for about the same or less money. Now if you were to take many a car into the curves... the 924 does just fine... leaving most in the weeds.

Anyway... many people look at old cars like Porsches and BMW and Mercedes and say... man the parts must cost a fortune. This keeps many people away from an otherwise good car.

For example. I have a 1977 924 for sale for $1500... It is in good running condition... people are not knocking down my door for it. According to Excellence I should be charging twice that amount? Not if I want to sell it this decade.

Excellence numbers... while nice to quote... are badly skewed. Maybe a certified vehicle at a Porsche dealer will cost that (though I do not think Porsche certifies cars past 10 years old) but not a private sale... no way.

There are too many 924s out there. Maybe in another 10 years the cars will begin to climb in price to due many of them ending up in salvage yards and less being available.

Mine is with me today at work! Only one in the parking lot... only one in the town I bet
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924RACR  



Joined: 29 Jul 2001
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PostPosted: Fri May 26, 2006 3:20 am    Post subject: Reply with quote

Two of mine in the parking lot at work with me... shhh, don't tell management!
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gohim  



Joined: 02 Nov 2002
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Location: Rialto, CA

PostPosted: Fri May 26, 2006 8:29 am    Post subject: Reply with quote

Don't let the numbers in the books inflate your ego. Beat, junker and modified 924, 924S, 931, and 944 cars are not going up in value. Nice, original, well kept cars are going up as the number of excellent examples is shrinking.

If your car is bent, full of bondo, has cancer, or has been modified by your idea of what the car should be, it isn't worth anything.

If you expect to get the numbers published in the "wish" books, your car better be ORIGINAL, and in Excellent Condition.

Something to consider when you are planning on drilling or bending metal to fit a ridiculous tail or front spoiler, or flares, or wheels, or painting some outrageous color or removing original equipment like fuel injection, ac, or emissions equipment or ventilation components.
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