914 Value |
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914 Value |
RonnieJ |
Jan 11 2010, 12:52 PM
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#1
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RonnieJ Group: Members Posts: 230 Joined: 16-June 03 From: Sterling Heights, Michigan Member No.: 829 Region Association: Upper MidWest |
I was reading Excellence magazine the other day with the 914 value chart and they value our cars at from 12K to 18K. Why do we sale our cars so cheap and place such low value on them when Excellence themselves think our cars are worth more. The value and price of these cars would rise to the level they should be if everyone stuck to their guns and when selling a 914. When I insured mine it was for an agreed value which I put at 12K, I had to provide pictures and when I submitted evrything the insurance company had no problem with the value I put on the car. I think just as much of my Porsche 914 as a 911 owner and I believe that is how most of us feel. Apologies for the long rant but I see guys on here asking what they should ask for their cars when they sale them and all I here is 4K to 6K and ocasionally I see someone asking what the true value should be.
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brownaar |
Jan 12 2010, 07:56 AM
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#2
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Member Group: Members Posts: 263 Joined: 23-September 04 From: Gate City, VA Member No.: 2,813 Region Association: None |
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Gint |
Jan 12 2010, 08:12 AM
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#3
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Mike Ginter Group: Admin Posts: 16,095 Joined: 26-December 02 From: Denver CO. Member No.: 20 Region Association: Rocky Mountains |
You know I looked at NADA value for the 914 a couple of weeks ago after our annual assesment with our insurance agent. I was pretty surprised when I found out the value placed on them currently by NADA.
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DBCooper |
Jan 12 2010, 05:07 PM
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#4
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14's in the 13's with ATTITUDE Group: Members Posts: 3,079 Joined: 25-August 04 From: Dazed and Confused Member No.: 2,618 Region Association: Northern California |
You know I looked at NADA value for the 914 a couple of weeks ago after our annual assesment with our insurance agent. I was pretty surprised when I found out the value placed on them currently by NADA. NADA says $12600 is low retail for a daily driver? That's just plain loopy. So I agree, Bah Hunbug (pun intended). I just used a Craigslist search program to search the entire U.S., and didn't find one four banger getting to $10,000. A hundred 914's for sale, not one with an asking price exceeding $10,000. Five sixes, no surprise, but not one four. There is one on e-Bay right now that's over $10,000 with one bid. Poor sucker probably consulted NADA and thinks it's a bargain. It is a nice car, though. While for my own selfish reasons I appreciate having those high values for insurance valuations, I hate to think about those poor folks who will consult NADA and get all excited to think that slightly rusty $10,000 barn find is a real screaming deal. That's just plain wrong. . |
RRietman |
Jan 12 2010, 05:31 PM
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#5
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Member Group: Members Posts: 102 Joined: 13-December 09 From: Pacific Northwest USA Member No.: 11,124 Region Association: None |
You know I looked at NADA value for the 914 a couple of weeks ago after our annual assesment with our insurance agent. I was pretty surprised when I found out the value placed on them currently by NADA. NADA says $12600 is low retail for a daily driver? That's just plain loopy. So I agree, Bah Hunbug (pun intended). I just used a Craigslist search program to search the entire U.S., and didn't find one four banger getting to $10,000. A hundred 914's for sale, not one with an asking price exceeding $10,000. Five sixes, no surprise, but not one four. There is one on e-Bay right now that's over $10,000 with one bid. Poor sucker probably consulted NADA and thinks it's a bargain. It is a nice car, though. While for my own selfish reasons I appreciate having those high values for insurance valuations, I hate to think about those poor folks who will consult NADA and get all excited to think that slightly rusty $10,000 barn find is a real screaming deal. That's just plain wrong. . I just last week put insurance on my new to me 74 1.8 and asked my agent what the value of a total loss would be. she said the adjusters right now would simply go from NADA values. I looked it up and was surprised to see the #'s so high. 8-10k for a74 1.8. the car I just bought is a very nice signal orange bone stock car that I just paid $2700 for. In the same conversation I asked about coverage on my 65 356 C coupe. same deal. nada says 51-68k for a car that realistically would sell for maybe 35k. cost to have the same coverage on each car? the same. Randy |
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