QUOTE(ConeDodger @ Apr 23 2015, 10:51 PM)
QUOTE(horizontally-opposed @ Apr 23 2015, 11:46 AM)
70,000 Euros for a conversion car? Seems awfully steep, even with top original 914-6s playing to either side of $100,000 these days.
I was thinking the best conversion cars might be $35,000 to $50,000 (gulp)—or about half the price of a real six—to the right buyer these days, but maybe I am off?
pete
A well qualified buyer (owns a 918, Cayman GT4, GT3, etc...) has offered me a Cayenne Hybrid for my conversion. I'd guess that to be in the $70k range used? He really likes my car!
That's wild—but your car is really nice, Rob.
I guess that well qualified buyer is no idiot. You can always just go buy another Cayenne Hybrid—but building a car like yours on a checkbook is probably a $70,000-100,000+ proposition, and that doesn't account for time, hassle, and risk.
When I started my conversion, I figured my car was worth $12k at best to the right buyer,
maybe $15k. And that, after it was converted, it might be worth $3k more. That was in 2010. Last time I was at an R Gruppe meet, one of those cats—this one beyond well qualified—asked me what I thought my (still unfinished) car was worth in this market. I guessed maybe $35k when finished and sorted. He quietly said, "At least," and I got the sense he was ready to write a check but knew better because I've had the car since high school. It's probably time to get it appraised and up the insurance. I suspect others here may want to think about the same—four, six, or Subie.
One thing that's really cool in this is that classic Porsches seem to be following the hot-rod ethic of hot-rodding is okay and even desirable if done well—as opposed to the Ferrari/vintage Corvette camp's general aversion to anything but bone stock cars. The stockers may bring top dollar, but modified Porsches, done well, seem to be just fine, too. Cool.
pete