914 Market Values - Low, High, Mid-range market?, What is the market for 914s in the $7,500 to $14,500 Range? |
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914 Market Values - Low, High, Mid-range market?, What is the market for 914s in the $7,500 to $14,500 Range? |
stevegm |
Oct 23 2014, 07:21 PM
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#1
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Advanced Member Group: Members Posts: 2,111 Joined: 14-July 14 From: North Carolina Member No.: 17,633 Region Association: South East States |
I see a lot of 914-4s for sale in the $3,500 to $5,500 range. I am talking about complete cars with moderate (sometimes more) rust, and that are nice candidates for restoration. And I see cars in the range of $15,000 and above. Often these have already been restored. I am wondering about the market for 914s in the $7,500 - $14,500 range. Opinions?
While the lower and upper markets make sense. I am surprised there aren't more in that mid-range market. Cars that are fairly original and don't need full restoration (but, are not pristine). Or cars that have had a light restoration. I would expect these cars to fall in that mid range. But, I don't see many for sale. My theory as to why there is a lack of a mid-market (if there is indeed such a lack) is that these cars (914s) are typically purchased with cash (no loan). And the type of buyer that has $7,500 to $14,500 in cash available to spend on such a car, probably can afford the nicer car in the upper market as well ($15,000 and greater), and simply chooses that upper range car. If this is true, I wonder where that leaves the market for cars in the mid-range ($7,500 to $14,500). Is there a liquid market where they can be sold in a reasonably time-frame? Any thoughts would be appreciated. |
rick 918-S |
Oct 24 2014, 12:52 PM
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#2
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Hey nice rack! -Celette Group: Members Posts: 20,456 Joined: 30-December 02 From: Now in Superior WI Member No.: 43 Region Association: Northstar Region |
An issue I don't think your considering is the cost involved in bringing that 5-7k car up to the mid market. I would never buy a car with rust repairs that haven't been fully documented. We have seen many cars here on world that had less than a desire able outcome due to inexperience. Just patching up a car on the cheap in hopes of flipping it for quick cash in reality is not what the "mid-range" buyers are looking for.
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