There is a wide range of values for all the 924's, 944's and 968's all dependent on which model it is and what condition it is in, from scrap money to five digit prices, without even getting into the rare models such as the turbo cab, carrera GT, turbo cup and ClubSports.
I have bought 944 S2's for as little as £400 with severe rot which needed to be scrapped recently, and to be honest, I would not have paid any more for them, as half the time the engine needs money throwing at it to be something that could be fitted to another car half the time, such as completely regasketing it, waterpump, rollers, seals, etc etc, just to re-use the engine.
On the flip side, a nice S2 is in my opinion worth every bit of £7k or more if the mileage is low.
Turbo's follow the same vein, with a scrapper not being worth much more than £1500, but a mint one is worth every bit of £9k, or if the mileage is low and the history is good, then it is worth anything that someone wants to pay for it.
In particular, Australians are paying good money for 944 Turbo's in right hand drive, but they want the cream, no rust, low mileage and clean clean clean cars... But for the right cars, they will pay the earth, but they also need to be pre 89 cars.. it is the same story with 911's.
I think with any 944 you are on a winner, even if it does not appreciate much in value over the years... Most cars depreciate and typically almost any car can cost you what it costs to keep a 944 on the road, but most cars will also be depreciating every single year, so usually you can double what it costs to run a car when you take how much its value is going down every year.
The main thing is, the market does not tend to set the price of 944's, it seems to be the sellers who set the price, and as long as you all think that your car is only worth X, then that is what they will sell for.
Maybe my view is skewed, but to be honest, most of the new customers I pick up with 944's tend to not be hard up and have bought the car because they have always wanted or used to own a 944, so they may have bought their 944 S2 for £5k, but they probably would have paid £7k, £8k or £9k or more for it without doubt, and most of them are not shy of spending money on their cars and own some more exotic machines in the background.. But these people are not thinking about future value, they are buying what they have decided they want to buy.
Anyway, its just my view, but I think in the future 944 values will continue to rise.. A couple of years ago you would have struggled to get £2k for a clean pre 86 944, now you can get £4k for the same car.. I am not sure many people will argue with this, but that isnt a bad rise in values if you ask me.
A lot of sellers sell cheap because they expect the car to have sold within a month if the price was right, which really is not the case, you get two buyers for these cars, ones who buy because they want to buy "something" and see an add for a bargain 944 and buy it because they think it is cheap and cool.... then you get buyers who want a 944, are looking for a 944 and want to buy the right car with the right colour and the right spec, for these people do not grow on trees and it may take a few months to find the right buyer for the right car... but they will come along... But the panic of it not selling in 6 weeks makes people drop their prices, which makes other sellers think that is what their price should be, and so it is so, the prices are set by these details...
Besides, I am sure from what I see, 80% of the 944's on the market are sheds which look fine in pictures, and these cars are maybe worth what they are being advertised at.. but unfortunately the owners of good examples advertise their cars at the same prices, which really skews up the market.
Just my 2p worth
_________________ Clean it, wax it, love it, ENJOY it... then fix it
Jon Mitchell Independent Porsche Specialists Technical Advisors to TIPEC http://www.jmgporsche.co.uk https://twitter.com/JMG_PORSCHE http://www.facebook.com/jmgporsche
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