Porsche Enthusiasts Club Forum

Slightly confused at the moment with regard to S2 values as they seem to have shot up in recent months. A quick glance at Pistonheads shows asking prices ranging between £8 -£12k which has previously been turbo territory. These are admittedly low mileage cars and I think a lot of people who use pistonheads can be quite ambitious.

Has anyone on here actually recently bought or sold? An asking price is one thing but a sale price is quite another.

Haven't bought or sold recently having owned my 951 for over 17 years, plus i'll never sell but all 944 models have increased in value lately, in fact classic cars in general from many marques have seen increases too...Yes the S2 is now in old turbo territory but turbo's have also increased greatly themselves, actually they have gained more over their fellow brothers in the 944 range. Some reports out there have stated that the turbo has doubled in value over the last 12 months, more telling is that it's expected to double again by years end, now that would be a nice thing to see, well for those of us who own one that is..

Pete

Very interesting times.

Turbos now seem to be inhabiting the space left buy half decent 3.2 Carreras, some of them into the mid £20k's.

I've been thinking of selling for a while now which I will probably regret, but my car is a daily driver and I'm covering at least 15,000 miles a year in it now. My mileage has just gone over the 140,000, keeping it as a second vehicle isn't really an option.

So, maybe sell or see if I'll double my money in another 12 months?

Today, cars like these are generally bought by enthusiasts who know the car and will know that mileage is irrelevant, much more important is a wad of receipts showing that the car has been properly maintained and of course it's condition. Service history by a main dealer isn't important, in fact the car is likely to be in a worse state than one cared for by an owner who not only knows his car but cares for it too, there are very few main dealers who have qualified technicians for our cars these days, as for independents, never again but that's from personal experience, i'm sure they aren't all bad. The 944 used to be one of the cheapest models in the range, today you can find boxster's, 996's, cayman's and cayenne's a lot cheaper, when compared to turbo's you can is you so wish buy a number of the other models together for less money.....

Pete

There's a hell of a lot of speculation going on in the "classic" car market at the moment. This frequently happens when other forms of investment aren't giving a return. I spotted someone trying to sell a rusty 1.0L Vauxhall Nova 3dr with 220,000 on the clock for £4,000 as a "classic" last week. This week there's someone advertising a tidy, middling spec 944 Lux with 75k on the clock on Autotrader for £25,000 (no, I haven't mis-typed that).

944s are benefiting, to some extent, from this speculative surge in prices. The bubble will burst in much the same way as it did in the early 90s. It will burst when conventional investment opportunities start to improve and speculators decide to "cash-in" on their classic car "investment" en-mass, putting their money back into something they understand (and that doesn't rust and require maintenance). Classic car values will drop like a stone back to their pre-bubble values as supply exceeds demand.

The real rarities will be somewhat price-crash proof. 944s won't be, there are still too many of them around. The trick will be to judge the top of the market and sell just before the crash

Much as I'd like to believe the 944 is now being appreciated for its fine qualities as a sports car, I don't.

Some interesting points there Glenn, this is very much why I asked the question has anyone actually secured a sale at these higher figures! I'm of the opinion that sales are probably still transacting very much around original levels unless you have a car with particularly low mileage.

There have been some "higher value" sales. Mostly, as you say, of exceptional, low-mileage, examples. My belief is that these have mainly been picked up by speculative investors rather than 944 enthusiasts. I expect those people to catch a cold.

Middling, average, examples seem to have increased in price slightly.

There are, of course, some people asking astronomical prices for average cars and there's always someone out there silly enough to pay it. I heard tell of someone who had paid about 4 times its worth for an early 944 Auto in he belief that it was "an investment". I suspect they're going to be very out of pocket.

You might have gathered that I'm not really too fond of spiralling classic car prices. I think it prices the enthusiast out in favour of "collectors" who aren't really interested in the cars and to my mind, there are few things sadder in the world than a classic car that never turns a wheel. "Investment cars" by their very nature, tend not to be used.

My thoughts exactly - I would always rather go to a meeting where cars are driven there by their owners than wander around a museum of static vehicles..

Ah well, you'd love mine then! I've had it for seven years and it's still my only car. Daily driver, use it for work so definately not a garage queen. The car is sadly the victim of its own success, it likes being used and I know the moment it goes away in the garage it will deteriorate. I also have facilities to accommodate a second car.

I've put 70,000 incredibly enjoyable miles on the clock, but part of me now has a hankering for something else. Many of you will recoil in horror, but a half decent Boxster S is now within reach for similar money.

I'm looking for a restoration project S2. Any ideas on what price range to look at and what is acceptable in a car if it's being restored and what is best to leave alone?

When I bought my s2 four years ago It felt like I had stolen it for £5300.
I believe a lux in great condition should fetch five figures all day long.

All you 944 owners know the quality, handling etc.

With exceptional 928 model prices some upwards of 50k.
why not expect these cars to fetch the money they should surely command.
Look at the prices of 924s these are amazing value at the moment the prices for a decent example with an mot and good history are ludicrous
A 944 s2 is an amazing car!
With silly prices being paid for basket case 911 projects (and there are many of these). Why should we not expect a fair price for cars which have been maintained at a cost far above there financial worth for too long now.

When you see prices for old Ford escorts (which were crap from new!) and their like, A 944 seem cheap

I'm seeing tons of S2 cabs going from around £4k but the coupe versions are advertised at higher prices on similar miles. Seems odd to me as I'd expect cabs to be worth 20-30% more.

Had many RS Escorts ?

Worked on loads !