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I think it would be tough to move any of those cars right now. Inflation in food, gas etc has obliterated most people's discretionary income; indeed, I expect more than half of all households are buying food and gas on credit cards, and not paying it off because their incomes are not keeping up with their expenses. Due to the age and nature of your cars, the market for them is going to be somebody who wants a fun extra car, or something to tinker with (and spend more money on). 2008 is not a year where any of these things are high on anyone's agenda. I know of one person who has been trying to sell a very nice 1986 Porsche 944 Turbo with just over 100,000 miles, full history, no accidents, etc - don't know if you know Porsches, but these are very fast, even by modern standards, and prices on nice ones have been steady in the $7-10,000 range for 10 years (before Porsche became a market driven company in the late 1990's, they were a product driven company, and the cars depreciated relatively slowly until about 15 years old, then held steady), or even appreciated in some cases. This guy started asking $8,500 about a year ago, and has been dropping the price to the point where he was at $4,500 a few weeks ago. He had got a few calls, but not even one person had come to see the car! In a year!!!! And, yes, he has been advertising it in typically good venues. Right now, about the only things selling well are 4 cylinder econoboxes - there was a story on CNN about how a guy is making a lot of money because he started stocking up on Geo Metros and Ford Festivas in early 2007, and cleaning them up and prepping them for sale, which he started doing at the end of last winter. He was mostly putting them on fleabay, and the frenzy to save a few bucks on gas was driving the typical selling price to around $7,000+!!!!!!!!! For a 15 year old POS with 150,000 miles. I would say if you're not pushed to sell the cars, if you have the space to store them, hold onto them for a bit. At least the Sonnets, and probably the 99T and SPG. It is summer, and you should be able to get a decent amount for the 900 Convertible, if you move fast. I know you don't want to turn the thread into an ad, so you haven't posted too much detail about the cars; but if the convertible is under 130,000 or so, it should sell for $4,500 or so on our favorite auction site - look and see what they're going for on there. I have noticed a general drop off in interest in SPGs in the last couple of years; they're probably not going back up in value. I would love to have a 99 Turbo, so I do check that section of the classifieds frequently, though I'm not in the market to buy one; I saw that what looked a very nice 99T with under 100,000 one owner miles sold pretty quickly, the asking price was $8,500, which sounded high to me, even for a car in that condition, I don't know what it sold for... You didn't say what you were asking for your cars, so I can't comment on your pricing... but now if probably the as low as these will go; the convertible should always be worth money, but if you don't sell it in the next few weeks, probably hang on until spring 2009; the Sonnets and 99 are likely to be hard to move right now. The SPG, I don't know, but I suspect they are not going to be worth a lot, unless super nice and super low mileage or extensively and prudently modified. The '86 has the disadvantage of having 99 based brakes and suspension, etc, so to some people, (me included) the 1988 and up cars are more desirable. Of course, there will also be people who like the rarity of the early cars. In general, I would say hang tough if you have the space to keep them. On the other hand, if you sell them, you could invest the money in something that will return 1,000% in 5 years, which is likely to be more than the cars will ever appreciate! Rambling thoughts, hopefully something in here helps...
posted by 68.160.161...
, Wed, 30 Jul 2008 08:49:22
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