924Board.org

dash16 · Joined: 22 Aug 2007 Posts: 255 Location: Cali Cali

The time to part with my lovely 924S may be approaching (not happy about that). I have been searching online to access a price that I may be able to sell my car for. About a year or two ago, 924S were going for about $2K.

Now it seems like their value is rising.

$5101 without reserve met
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=120402714512&sspagename=STRK%3AMEWAX%3AIT&viewitem=

$2000 buy it now (no motor included)
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=120405349910&sspagename=STRK%3AMEWAX%3AIT&viewitem=

I have a few questions:
Is the value of our cars rising?
Do you project the value to rise or fall around August 2009?
When do you believe the 924S value will rise to circa 10K and beyond like the 914 has?

I really don't want to have to sell but selling the 924S might have to be a decision made to sustain living.

Thanks
_________________
1987 Porsche 924S Black/Black. 5-spd.
Options: AFX C79 261 398 423 650 651 657

1987 Mercedes 190E 2.3-16 Cosworth Pearl Black/Black. 5-spd.

STUTTGART PREVAILS

emoore924 · Joined: 13 Apr 2004 Posts: 2822

HA! NO car values are rising. And these days, it can take a LONG TIME to find a legitimate buyer (someone who is truly ready, willing and able to make a purchase) for cars like ours (typically a second or third car for most folks...). People aren't replacing their FIRST cars right now, much less buying toys. Just ask any of the big three.

IMHO, give yourself LOTS of lead time for your sale because it can take a while (often 6 months or more) to find a legitimate buyer, and if you find a legitimate buyer who offers you anything that's not totally silly, TAKE THE DEAL, 'cause you might not see another one for a while.

tuurbo · Posted: Wed Apr 15, 2009 2:27 am Post subject:

It depends on the shape of the car. But if people are feeling strapped in a recession, they`re not usually prone to go out and buy Porsches. It happens to be a little tough to explain to wife units.

Personally I`m quite willing to pick up a cheap 924S while the market is soft. It`s soft now. I doubt August is going to be much different.
_________________
1980 924 turbo, MSD, Meth. Inj, otherwise stock.

Khal · Posted: Wed Apr 15, 2009 2:32 am Post subject:

joecitizennn · Joined: 12 Sep 2005 Posts: 2096 Location: no mans land

I dont think much of kelly blue book. Never have. But in the short 4 years I have owned 924S cars I have seen the blue book value go up, where as the bluebook on my Mazda Miatas keeps dropping like a rock.

That said, porsches can be hard to get rid of unless they are really pretty and really perfect. People are afraid of working on them even though it is no harder than any other car. The name seems to carry awe with it or something. Whatever.

gohim · Joined: 02 Nov 2002 Posts: 4459 Location: Rialto, CA

If anything, prices are falling...

I don't know if you can get $5000, for a perfect 924S, right now.

So, any 924S, regardless of the condition otherwise that needs a FOES is not going to be worth more than $2000 tops.

And one without an engine probably isn't worth more than $500.

alexvex · Posted: Wed Apr 15, 2009 12:01 pm Post subject:

Like others have said, they definitely aren't rising...nothing is. Hence why I was able to pick up a great condition 87 944 Turbo for only $3700. Only way for a 924 value to go up is if the 944 value goes up too. The 944 will always be worth more and more desired.
_________________
--Alex--
1992 Porsche 968 (VW 2.5L I5 Turbo swap in the works)
1995 Audi 90 Quattro Sport (4.2L V8 Swap)
2010 Touareg TDI
Past Pcars: 80 931, 87 924S, 87 951

Khal · Posted: Wed Apr 15, 2009 2:21 pm Post subject:

dash16 · Joined: 22 Aug 2007 Posts: 255 Location: Cali Cali

alexvex · Posted: Thu Apr 16, 2009 1:03 am Post subject:

I payed $2k for a mint 87 924S with 44k actual miles on it. So, I wouldn't pay any more than that come august, even if the economy is marginally better. That's me though. If you want to sell it, don't sell it here as we know how low they can go for. People unfamiliar with porsches don't, so they will be more likely to pay more.
_________________
--Alex--
1992 Porsche 968 (VW 2.5L I5 Turbo swap in the works)
1995 Audi 90 Quattro Sport (4.2L V8 Swap)
2010 Touareg TDI
Past Pcars: 80 931, 87 924S, 87 951

Ian924s88 · Joined: 05 Aug 2008 Posts: 51 Location: Townsend MA

I'd say 3500$ absolute Highest I would pay and It would have to be close to showroom cond. Also depends on the area of course, I saw a 1986 S go for 9500$ 3 years ago which I think is insane ( go get a 968 for that ).

here is one in the Northeast NH ( i'd give this guy 2500$ if it is what he says it is )

http://nh.craigslist.org/bar/1108264961.html
_________________
1988 Blue 924s

gohim · Joined: 02 Nov 2002 Posts: 4459 Location: Rialto, CA

The problem with eBaying a car is the DeadBeats, JoyBidders, and LookyLoos with no money, and no intention to ever pay you.

I sold my 73 914 2.0 three times on eBay and paid the fees for listing and selling the car three times with a Final Auction Price over $6000, BUT never got paid once.

And then there are the Scammers who claim they sent $10,000, $15,000, or $20,000 by wire transfer to you, or your bank, and want you to arrange to have the car shipped to a local seaport.

Khal · Posted: Thu Apr 16, 2009 3:14 am Post subject:

emoore924 · Joined: 13 Apr 2004 Posts: 2822

RobG · Joined: 26 Feb 2004 Posts: 57 Location: Rhode Island