Porsche Enthusiasts Club Forum

It is currently Sat Jun 15, 2024 7:06 pm
Classic Line Insurance


All times are UTC [ DST ]




Post new topic Reply to topic  [ 9 posts ] 
Author Message
 Post subject: Prices on the rise?
PostPosted: Thu Mar 07, 2013 7:46 pm 
Offline

Joined: Wed Aug 12, 2009 9:48 am
Posts: 402
TIPEC membership: 0
I have not looked at 928's for a while after selling my lovely S4 in 2010.
The car was pristine with no faults and perfect bodywork/no seat bolster wear/all issues sorted and l sold it for £7900. However when the guy came to sell it on in 2010 it really struggled and made a pitiful £4,000 l think.

I looked on ebay today and S4's seemed to have leapt up in price.....there's none of the sub £5,000 fodder, just a couple at sevenish, a couple at ten and one at twenty thousand!

Has the world begun to wake up to the 928 l wonder?


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Thu Mar 07, 2013 9:08 pm 
Offline
User avatar

Joined: Sat May 09, 2009 12:33 pm
Posts: 1484
Location: The New Forest
TIPEC membership: 928
Skype ID: andrew.fenwick928
:D

_________________
All the best
Andrew





928 S4 1991 White/Grey
Cayenne GTS 2009 Black/Black
http://www.holidayhomes4u.com


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Thu Mar 07, 2013 9:27 pm 
Offline

Joined: Fri Feb 26, 2010 10:05 pm
Posts: 2291
Location: Lanark
TIPEC membership: 6030
:(

_________________
Lee.

JOIN THE CLUB, CLICK HERE

2003 996TT

Due to the current economic climate, the light at the end of the tunnel has been switched off!


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Thu Mar 07, 2013 9:30 pm 
Offline

Joined: Wed Aug 12, 2009 9:48 am
Posts: 402
TIPEC membership: 0
Has anybody on here got my 928 S4?

Dark blue S4 "digi dash" with polished alloys registration number F887 VRL.

I'd always be interested in buying the car back if it came up for sale.


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Thu Mar 07, 2013 11:21 pm 
Offline

Joined: Mon Mar 02, 2009 7:20 pm
Posts: 367
Location: Edinburgh
TIPEC membership: 5535
I have noticed this too. I'm not sure if it means that prices are rising or that owners are expecting too much. I hope prices are rising. However I think most of the cars on the market at the moment have been there a while, i.e. didn't sell last summer or over the winter. I think that we will get a better idea this summer as more cars shift hands during that time. One thing in our favour is that there isn't many 928's on the market at the moment and there will only be less next year. If someone really wants one then they will have little choice but to stump up. I think at the moment if someone needs to sell quickly then the buyer will get a bargain but if the seller is prepared to wait then they can perhaps command a good price.

Mike

_________________
944 S2 - 1990
928 S4 - 1990


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Fri Mar 08, 2013 11:34 am 
Offline

Joined: Wed Oct 27, 2010 12:15 pm
Posts: 186
TIPEC membership: 0
I think that really good well sorted cars will always command a decent premium, as to get a bad one, into a good one can be very expensive, and outweigh it,s market value, and in the process leaving the owner with negative equity ?

Ken.


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Tue Mar 12, 2013 12:52 pm 
Offline

Joined: Mon Nov 05, 2007 4:35 pm
Posts: 2288
Location: Bournemouth
TIPEC membership: 3266
Classic cars have been on the rise in recent weeks and to an extent months, quite curious what started it, but I have had a few calls in the last few weeks from people looking for collectors cars such as early 911's and 356's who have been told by advisors that their best return at the moment would be investing in cars. So not sure if some independent financial advisor mag has had articles that has got people excited.

944's (turbos and S2's in particular) have risen by between 50% and 100% in value over the last few months, and just look at 964 prices, previously half the value of a 933 now they are worth as much as a 993. 911SC's have almost tripled in value from £6k to £8k a few years ago to being a £15k to £20k car now.

Also there is the australia effect... OZ has not really had a recession like the rest of the word, the OZDollar is strong and they let people import cars litterally tax free if they are over a set age, which means they are buying up right hand drive Porsche over here which are worth 3 to 5 times the value over there!!

Odd that the 993 values have not been shooting up, nor really has 968 values, it seems the target is somewhere pre 1992 cars

_________________
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


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Tue Mar 12, 2013 11:39 pm 
Offline

Joined: Wed Aug 12, 2009 9:48 am
Posts: 402
TIPEC membership: 0
Maybe it is somebody from Australia that offered £13,000 for that £20,000 928 S4 on ebay.

I would have taken the offer myself, and not turned it down, if it was genuine.

Many of my friends have been buying houses to let, my best friend now has four, my other friend three, and another friend two flats. Great idea if you have the money (I don't)
All these friends have had large sums of money thrown at them recently after elderly relatives passed away.

Sadly none of them have bought Classic Cars! As I could have had a drive of them lol


Top
 Profile  
Reply with quote  
 Post subject: Re: Prices on the rise?
PostPosted: Sat Mar 16, 2013 11:28 pm 
Offline

Joined: Wed Aug 12, 2009 9:48 am
Posts: 402
TIPEC membership: 0
There's one on ebay at £7900 where the seller says he's just had it to Paul Anderson and received a bill for £4500!
What was wrong with the car to produce that kind of bill l wonder.


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 9 posts ] 

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 14 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group