Just sold my 944
Discussion
Not in UK ,but I just sold my (the wife's) 944 for more than I paid for it. I bought a very nice 944 Auto in 2011, car was in great condition and very low mileage (its got 40K on the clock now) with two lady Owners, paid the equivalent of 9,000 Pound for it. didn't spend very much on it, servicing and only major spend was a flexi drive plate.
Spent a bit of time on it, replace the dashboard, was the biggest job, but I just sold it for 10K so not to bad.
The guy who bought it had an expert examination, on a ramp. Only things wrong, front brake disks, I've ordered the parts he will fit, and the paid me for them extra as I have an account to get the them in the post fast.
Worn boot and drivers door seal, rear wiper. headlining need to be re-fixed at back (dry glue), tyres hard, and rear sub frame and gear box mounts dry, (not broken), a window and mirror wouldn't adjust but we sorted that by pulling the switches and then reconnecting them, and fan wouldn't run at fastest speed, not bad for a 33 year old car, no rust so he got a good car, and it's gone to a good home, I didn't use it and it was deteriorating.
He plans to get it all fixed so he can use as a daily drive.
We had it for 7 years serviced it spent a bit on it, lot of time put in, but no real depreciation, ranks with one of the cheapest cars I've ever had. Real life instance of them going up in value. Insurance was 120 pound a year agreed value of 11K with unlimited mileage,
9k on a second hand Fiesta in 2011 would be 1k now I suspect.
Now I can concentrate on my Lotus Carlton, I wish all the owners on her as much success when they sell theirs on, great cars.
Spent a bit of time on it, replace the dashboard, was the biggest job, but I just sold it for 10K so not to bad.
The guy who bought it had an expert examination, on a ramp. Only things wrong, front brake disks, I've ordered the parts he will fit, and the paid me for them extra as I have an account to get the them in the post fast.
Worn boot and drivers door seal, rear wiper. headlining need to be re-fixed at back (dry glue), tyres hard, and rear sub frame and gear box mounts dry, (not broken), a window and mirror wouldn't adjust but we sorted that by pulling the switches and then reconnecting them, and fan wouldn't run at fastest speed, not bad for a 33 year old car, no rust so he got a good car, and it's gone to a good home, I didn't use it and it was deteriorating.
He plans to get it all fixed so he can use as a daily drive.
We had it for 7 years serviced it spent a bit on it, lot of time put in, but no real depreciation, ranks with one of the cheapest cars I've ever had. Real life instance of them going up in value. Insurance was 120 pound a year agreed value of 11K with unlimited mileage,
9k on a second hand Fiesta in 2011 would be 1k now I suspect.
Now I can concentrate on my Lotus Carlton, I wish all the owners on her as much success when they sell theirs on, great cars.
Nice when it works out that way. I've had similar with motorcycles, from buying carefully and keeping them looking nice. With cars, the newer they are the more they seem to cost me. I think this is because I never buy brand new cars, so they still need money on maintenance yet are also still depreciating.
My 944 is costing a few quid getting it right but no more than a depreciating newer car. I'm looking to keep it for 2 more years, my mortgage should be payed and I'm hoping to get into a 997. I think the depreciation curve will have settled and hopefully the 944 may have moved the other way, closing the gap a bit more. But we shall see.
My 944 is costing a few quid getting it right but no more than a depreciating newer car. I'm looking to keep it for 2 more years, my mortgage should be payed and I'm hoping to get into a 997. I think the depreciation curve will have settled and hopefully the 944 may have moved the other way, closing the gap a bit more. But we shall see.
blade7 said:
Unlikely.
Over the last 20 years I'd say, the 911 has tended to bottom out at around 10k. I remember the 3.0sc whale tails going for under 10 in around 2003 and I remember the 964 at around 12k just ten years ago. I think the 996 sat around the 10k at the bottom in recent years and the prices of 997's are surely still falling. This of course means they are holding less value over the years when inflation is taken into account. Meanwhile the 944/24 have gone from being almost worthless 10 years ago to comanding strong money. I've seen lots of 944's at dealers asking for 10k+. My 944 will never be worth much as it's high miles. But I wouldn't be surprised if I could fetch 6-8k in 2 years. And wouldn't be at all surprised if a 997 will be sub 20k in 2 years.
Let's dig This thread out and see if I'm right in 2020
But it's not all about investment, my 944 has 40K on the clock now, it is not typical, and I did a lot of work on it, new dash was a big job, but no mechanical just servicing, I didn't make money after what I spent, but if I'd spent 9k on a Fiesta in 2010 what would I have today 500? And I think servicing would have been more as I did most of the 944 myself.
So in real terms I had a nice car for 8 years for nothing, Leasing is just starting here (cars are UK +100% price as a guide) I cant imagine paying 500 pounds a month on 23+3 (what ever that means) and having nothing at the end, when you can run a 944 free.
My man maths have now past the wife test, so a lot of pressure off on my Lotus Elan and my Lotus Carlton she believes me now one has produced cash in the bank.
So in real terms I had a nice car for 8 years for nothing, Leasing is just starting here (cars are UK +100% price as a guide) I cant imagine paying 500 pounds a month on 23+3 (what ever that means) and having nothing at the end, when you can run a 944 free.
My man maths have now past the wife test, so a lot of pressure off on my Lotus Elan and my Lotus Carlton she believes me now one has produced cash in the bank.
rufusgti said:
Over the last 20 years I'd say, the 911 has tended to bottom out at around 10k. I remember the 3.0sc whale tails going for under 10 in around 2003 and I remember the 964 at around 12k just ten years ago. I think the 996 sat around the 10k at the bottom in recent years and the prices of 997's are surely still falling. This of course means they are holding less value over the years when inflation is taken into account.
Meanwhile the 944/24 have gone from being almost worthless 10 years ago to comanding strong money. I've seen lots of 944's at dealers asking for 10k+. My 944 will never be worth much as it's high miles. But I wouldn't be surprised if I could fetch 6-8k in 2 years. And wouldn't be at all surprised if a 997 will be sub 20k in 2 years.
Let's dig This thread out and see if I'm right in 2020
Are you suggesting a less than £10k difference between a 997 and a 200k+ S2?Meanwhile the 944/24 have gone from being almost worthless 10 years ago to comanding strong money. I've seen lots of 944's at dealers asking for 10k+. My 944 will never be worth much as it's high miles. But I wouldn't be surprised if I could fetch 6-8k in 2 years. And wouldn't be at all surprised if a 997 will be sub 20k in 2 years.
Let's dig This thread out and see if I'm right in 2020
blade7 said:
Are you suggesting a less than £10k difference between a 997 and a 200k+ S2?
Ha. I believe I am!No, realistically mine will never be worth much. You could say there's already around 10k between an s2 and a 997. But granted not my s2.
Will there be in two years? I'm hoping so. It would take the price of a 997 to hit say 15k, which isn't beyond any realm of possibility. And mind to be worth 5 to 6k.
I've kind of said it already in my last post so what the hell, I'm sticking. We shall see.
So as a part of the sale process the car has to go for a inspection by Pusma Com (The highway Agency), they check engine and chassis number and issue a cert, Then this is taken to JPJ (DVLA) and they change names in the log Book. As the buyer and seller are both foreigners both must be present with their passport,
So wife goes a (she i registered keeper) at 8.30 Thursday, problem 1, she has anew passport from 2014 so they need a copy of the passport she had in 1210 when she bought the car, then the certificate says chassis number is WpX0xxxxx, Reg Doc says WPOxxxx, (this is from the car being new in 1984 and no issue when we bought in 2010), back to Pusma Com, no issue come tomorrow and well reinspect,
Friday new inspection, yes registration doc is wrong, we will reissue come back Monday.
So all Ok its a mistake we can sort it, and people are being helpful, but now before they will change it they have decided that in addition to the wife's new passport, old passport, residence permit they want a certified copy of her wedding certificate, what that has to do with her owning a car we have no idea.
So Monday stop at the notary public, stamp a copy of the wedding certificate and looks like all OK.
Important thing is not to loose your temper or it will all go wrong but its not easy, 3 days to change the name.
One good thing is that although I've lived outside the UK most of my life and my wife is Indonesian we consciously decided to get married in the UK so we have a UK wedding licence, we discussed getting married in the Caribbean but I was concerned that a third country wedding cert would cause us problem when we applied for residence and work permit, over the years that concern has been justified, but I never thought it would be need to change the registration on a car.
So wife goes a (she i registered keeper) at 8.30 Thursday, problem 1, she has anew passport from 2014 so they need a copy of the passport she had in 1210 when she bought the car, then the certificate says chassis number is WpX0xxxxx, Reg Doc says WPOxxxx, (this is from the car being new in 1984 and no issue when we bought in 2010), back to Pusma Com, no issue come tomorrow and well reinspect,
Friday new inspection, yes registration doc is wrong, we will reissue come back Monday.
So all Ok its a mistake we can sort it, and people are being helpful, but now before they will change it they have decided that in addition to the wife's new passport, old passport, residence permit they want a certified copy of her wedding certificate, what that has to do with her owning a car we have no idea.
So Monday stop at the notary public, stamp a copy of the wedding certificate and looks like all OK.
Important thing is not to loose your temper or it will all go wrong but its not easy, 3 days to change the name.
One good thing is that although I've lived outside the UK most of my life and my wife is Indonesian we consciously decided to get married in the UK so we have a UK wedding licence, we discussed getting married in the Caribbean but I was concerned that a third country wedding cert would cause us problem when we applied for residence and work permit, over the years that concern has been justified, but I never thought it would be need to change the registration on a car.
Gassing Station | Front Engined Porsches | Top of Page | What's New | My Stuff