The 996 the new 914, Interesting Article. Never thought I'd see the day |
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The 996 the new 914, Interesting Article. Never thought I'd see the day |
914_teener |
Nov 5 2018, 02:07 PM
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#1
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914 Guru Group: Members Posts: 5,205 Joined: 31-August 08 From: So. Cal Member No.: 9,489 Region Association: Southern California |
Interesting article.
https://www.roadandtrack.com/car-culture/bu...be-collectible/ Never thought I'd see a 914 worth more than a 911....but that day has come. Although initially I didn't buy my teener for appreciation value. |
Big Len |
Nov 5 2018, 03:51 PM
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#2
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Senior Member Group: Members Posts: 1,747 Joined: 16-July 13 From: Edgewood, New Mexico Member No.: 16,126 Region Association: Southwest Region |
The author writes, "These cars were about 15 years old back when I was in high school, and could be had in good condition for three or four grand. In a straight line, they were easy meat for a 2.8-liter Chevrolet Citation; in a corner, they were prone to behavior that was by turns fascinating and terrifying. The smart money bought an old BMW 2002, which could also be had dirt cheap and which would blow the proverbial doors off the VoPo".
The same could be said of that 356 he values so highly in the previous paragraph. |
Unobtanium-inc |
Nov 5 2018, 04:53 PM
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#3
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Advanced Member Group: Members Posts: 2,216 Joined: 29-November 06 From: New York Member No.: 7,276 Region Association: None |
The author writes, "These cars were about 15 years old back when I was in high school, and could be had in good condition for three or four grand. In a straight line, they were easy meat for a 2.8-liter Chevrolet Citation; in a corner, they were prone to behavior that was by turns fascinating and terrifying. The smart money bought an old BMW 2002, which could also be had dirt cheap and which would blow the proverbial doors off the VoPo". The same could be said of that 356 he values so highly in the previous paragraph. The key difference is quantity. People tend to use 356 ups and downs in comparison to other Porsches except they forget that while 356's did go through a long low point in the 70s, before rising in the 80s, and then again in the mid 2000's, the quantities were always low, so a small rise in demand can cause a spike in pricing. The 356 market is much easier to have wild jumps because of this shortage of supply. They made thousands of 996's. This is one reason why it has taken so long for the 914 to rise in value, with over 100,000 being made it means that for decades there was always enough to satisfy demand. Evidence of this is the fact that many 914 guys have not one, but two or three 914's, meaning the supply is far out-striping demand. And only now the nice 914's are commanding real money, but the projects and the turd box drivers are still under $5000. I paid $1500 for my autocross car, running and driving. I could probably double my money but that's about it. So the 996 supply will for a long time be able to meet demand for people who want a high maintenance car and are willing to feed the pig for a car that tends to underwhelm Porsche guys on the whole. So buy one if you like it, but don't expect to make a lot of money on one. |
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