944 Turbo values are at "Rock Bottom"
#1
Pro
Thread Starter
944 Turbo values are at "Rock Bottom"
I just read through the the article on the Rennlist homepage that discusses 6 Porsche models that can be had for cheap. I can't comment on the other 5, but the 944 Turbo is quoted "Danger says that while values are rock bottom, they’re likely to rise again soon as the car confirms classic status." I don't know where the author would be finding these cars at "rock bottom", but good-to-great examples of 944 Turbos have been increasing like crazy over the past 5 years, the past 3 in particular! I would say that 10 years ago, maybe even fewer, good examples could be had all day for $6k or less. Now good examples typically go ho high teens, low to mid $20's and up from there for exceptional examples.
#2
Racer
I tend to agree, in that the car is undervalued. Low production numbers and great performance for its time. A drivers car. And so easily modded for better performance. Values of the 951 don’t seem to have escalated like those of other Porsches or reasonably competitive cars that offer similar characteristics.
#3
Drifting
If the 924/944/951 series remained as VW, they would have appreciated significantly and immediately after production, similar to the Corrado.
As a Porsche, although a 951 cost was similar to a base 911, the transaxle cars were perceptively challenged vs. the 911. Correctly or not, the perception has stuck
As a Porsche, although a 951 cost was similar to a base 911, the transaxle cars were perceptively challenged vs. the 911. Correctly or not, the perception has stuck
#4
Rennlist Member
Not that “Bring a Trailer” is the best guide... but 951 prices there have been heading northward rather dramatically. Prices are hardly at “rock bottom.”
There’s no way I could find my car now for what I paid for it 3 years ago.
There’s no way I could find my car now for what I paid for it 3 years ago.
#5
Three Wheelin'
I rarely wade into discussions of what cars are worth or should be worth, mostly because I find the topic stomach-churning. Cars are for driving, not speculating!
That said, a rough 944 Turbo goes for about the same amount of money that it did in 2007 when I first bought my '86. The difference is that collectors will now pay a LOT of money for really nice, original, low-mileage examples. A rising tide does not lift all boats as it seems to in the air-cooled Porsche world. And I am OK with that! I am glad that a 944 Turbo can still be a relatively affordable fun car for normal working people. Sure, they can cost a lot in parts and time and labor, but that's another topic . . . .
That said, a rough 944 Turbo goes for about the same amount of money that it did in 2007 when I first bought my '86. The difference is that collectors will now pay a LOT of money for really nice, original, low-mileage examples. A rising tide does not lift all boats as it seems to in the air-cooled Porsche world. And I am OK with that! I am glad that a 944 Turbo can still be a relatively affordable fun car for normal working people. Sure, they can cost a lot in parts and time and labor, but that's another topic . . . .
#6
Pro
Thread Starter
I would agree that all prices are relative, but I was not speaking as an investment, just that prices have been soaring over the past 5 years, and asa previous poster stated, the last 3 years have been crazy!!!
#7
Drifting
I bought my 951 in 2008 for $8500 USD at 69k US miles.. it's almost 190k miles now and I recently got a re-appraisal for insurance at $20,000 CAD. I doubt I'd get that but if I could get what I paid for it, that would be something!
However.. I suspect by the time I'm done with it, it will be worth only its weight in metal lol
However.. I suspect by the time I'm done with it, it will be worth only its weight in metal lol
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#9
Intermediate
Here in Australia prices are much higher probably due to the fact we only got 188 turbos here from 1986-90 inclusive.
the cheapest 86 turbo ive seen recently here was about $36,000 USD.
i know of 2 nice but not concourse 89 and 90 turbos that very recently sold for about $57,000 USD each.
we have had a muscle car boom here for 10 years with no signs of slowing which is pushing everything decent up in value.
the cheapest 86 turbo ive seen recently here was about $36,000 USD.
i know of 2 nice but not concourse 89 and 90 turbos that very recently sold for about $57,000 USD each.
we have had a muscle car boom here for 10 years with no signs of slowing which is pushing everything decent up in value.
#10
Three Wheelin'
#12
Three Wheelin'
ah that explains it.. all the parts that are “ not used” on my racecar… no damper.. no isv.. no turbo water pump.. i did get an oprv but those were always expensive from day 1 .. i stopped at BK for the first time in years yesterday. What was 5. 50 last time i was there in now $15.00 wow… 3x as expensive… funny , i dont remember getting a 3x raise in pay?
#14
Rennlist Member
#15
Pro
Thread Starter
I may need to export my 951 to Australia! OK, so I'll bite, what do you all think a "high good" (7-8/10 scale) 951 with high 5-figure mileage will go for in 3 years in USA? Speculate now! My 951 meets those specifications (if just barely on mileage) and I have have it insured for $25K with American National. I wonder if I should up this? That was the highest they would allow without an "appraisal".