The Porsche 928 is a grand tourer that was produced by the German automaker from 1978 to 1995. It was designed to be a more practical and comfortable alternative to the company’s iconic 911 model, with a focus on long-distance cruising and everyday usability. In recent years, the 928 has gained popularity among classic car collectors and enthusiasts, leading many to wonder if it’s a good investment opportunity.
A Brief History of the Porsche 928
The Porsche 928 was first introduced at the 1977 Geneva Motor Show, and it quickly gained attention for its sleek and futuristic design. The car was designed by Wolfgang Möbius, who wanted to create a vehicle that would appeal to a wider audience than the 911. The 928 was powered by a 4.5-liter V8 engine, which produced 240 horsepower and 263 lb-ft of torque. It was available with a five-speed manual transmission or a three-speed automatic.
Over the years, the 928 underwent several updates and revisions, including the introduction of a more powerful 5.0-liter V8 engine in 1980. The car also received a number of cosmetic updates, including a new front bumper and revised taillights.
Why the Porsche 928 is a Good Investment
There are several reasons why the Porsche 928 is a good investment opportunity. Here are a few:
- Rarity: The 928 is a relatively rare car, with only 61,000 units produced during its 17-year production run. This scarcity can help to drive up the value of the car over time.
- Performance: The 928 is a high-performance car that is capable of accelerating from 0-60 mph in just 6.5 seconds. Its powerful V8 engine and rear-wheel drive layout make it a thrilling car to drive.
- Style: The 928 is a beautifully designed car that is sure to turn heads on the road. Its sleek and futuristic styling has aged well, and it remains one of the most attractive cars of the 1980s.
- Collectibility: The 928 is a highly collectible car that is sought after by many enthusiasts. Its rarity and performance make it a highly desirable addition to any classic car collection.
The Market for the Porsche 928
The market for the Porsche 928 is currently strong, with prices for the car increasing steadily over the past few years. According to data from Hagerty, a leading classic car insurance company, the average value of a 1980 Porsche 928 is around $20,000. However, prices for the car can vary widely depending on the condition, mileage, and originality of the vehicle.
Here are a few examples of recent sales of the Porsche 928:
- A 1980 Porsche 928 with 60,000 miles sold for $18,000 at a classic car auction in 2020.
- A 1985 Porsche 928 S with 30,000 miles sold for $25,000 at a classic car dealership in 2020.
- A 1990 Porsche 928 GT with 20,000 miles sold for $35,000 at a classic car auction in 2020.
How to Buy a Porsche 928 as an Investment
If you’re interested in buying a Porsche 928 as an investment, here are a few tips to keep in mind:
- Research: Do your research and learn as much as you can about the car. Read reviews, talk to owners, and check out online forums to get a sense of the car’s strengths and weaknesses.
- Condition: Look for a car that is in good condition, with low mileage and no major mechanical issues. A well-maintained car will be more valuable in the long run.
- Originality: Look for a car that is as original as possible, with minimal modifications or upgrades. A car that is in its original condition will be more valuable to collectors.
- Provenance: Look for a car with a good provenance, or history of ownership. A car that has been owned by a collector or enthusiast will be more valuable than a car that has been owned by a series of casual owners.
Conclusion
The Porsche 928 is a rare and highly collectible car that is sure to appreciate in value over time. Its powerful V8 engine, sleek styling, and comfortable interior make it a highly desirable car for enthusiasts and collectors. If you’re interested in buying a Porsche 928 as an investment, be sure to do your research, look for a car in good condition, and consider the car’s originality and provenance. With the right car and a little patience, you could be driving a valuable and highly sought-after classic car.
Final Thoughts
The Porsche 928 is a car that is sure to appeal to a wide range of enthusiasts and collectors. Its unique blend of performance, style, and comfort make it a highly desirable car that is sure to appreciate in value over time. Whether you’re a seasoned collector or just starting to build your collection, the Porsche 928 is definitely worth considering.
| Year | Model | Engine | Power | Transmission |
|---|---|---|---|---|
| 1980 | 928 | 4.5L V8 | 240 hp | 5-speed manual |
| 1985 | 928 S | 5.0L V8 | 288 hp | 5-speed manual |
| 1990 | 928 GT | 5.4L V8 | 326 hp | 5-speed manual |
What is the Porsche 928 and why is it considered a good investment?
The Porsche 928 is a luxury grand tourer produced by Porsche from 1978 to 1995. It is considered a good investment due to its rarity, unique design, and historical significance. The 928 was the first Porsche model to feature a front-mounted V8 engine and was designed to be a more practical and comfortable alternative to the 911.
As a result, the 928 has gained a loyal following among Porsche enthusiasts and collectors, driving up demand and prices for the model. Additionally, the 928’s limited production run and the fact that many examples have been lost or destroyed over the years have contributed to its scarcity and value.
What are the key factors that affect the value of a Porsche 928?
The value of a Porsche 928 is affected by several key factors, including its condition, rarity, originality, and provenance. The condition of the vehicle is crucial, with cars in excellent condition and low mileage commanding higher prices. The rarity of certain models, such as the early S models or the limited-production GT and SE variants, also impacts value.
Additionally, the originality of the vehicle’s components and features, such as its engine, transmission, and interior, can significantly impact its value. Cars with their original engine and transmission, for example, are generally more valuable than those that have been modified or replaced. Provenance, or the vehicle’s ownership history, can also play a role in determining its value, with cars that have been owned by notable collectors or have a documented racing history commanding a premium.
How much can I expect to pay for a Porsche 928?
The price of a Porsche 928 can vary widely depending on the model year, condition, and other factors. Early models, such as the 1978-1982 928, can be found for around $10,000 to $20,000, while later models, such as the 1987-1995 928 S4, can command prices ranging from $20,000 to $50,000.
High-performance variants, such as the 928 GT and SE, can fetch prices ranging from $50,000 to over $100,000, depending on their condition and originality. Rare and highly sought-after models, such as the 928 S2, can command prices exceeding $150,000.
What are the maintenance and repair costs associated with owning a Porsche 928?
The maintenance and repair costs associated with owning a Porsche 928 can be significant, due to the vehicle’s complex engine and transmission, as well as its age. Routine maintenance, such as oil changes and brake pad replacements, can cost around $1,000 to $2,000 per year, depending on the frequency of servicing.
Major repairs, such as engine overhauls or transmission replacements, can be much more costly, ranging from $5,000 to $20,000 or more, depending on the extent of the work required. Additionally, parts for the 928 can be difficult to find and may need to be sourced from specialty suppliers, which can add to the overall cost of ownership.
Is the Porsche 928 a reliable car?
The Porsche 928 has a reputation for being a reliable car, with many owners reporting low maintenance costs and few mechanical issues. However, like any complex vehicle, the 928 is not immune to problems, and certain models and years are more prone to issues than others.
Early models, for example, were known to have issues with the engine’s timing chain and tensioners, while later models had problems with the transmission’s torque converter. Additionally, the 928’s complex electrical system can be prone to faults and malfunctions, particularly as the vehicle ages.
Can I drive a Porsche 928 daily?
While it is possible to drive a Porsche 928 daily, it may not be the most practical choice, due to the vehicle’s age, complexity, and maintenance requirements. The 928 is a grand tourer, designed for long-distance driving and comfort, but it may not be as reliable or convenient as a modern vehicle for daily use.
Additionally, the 928’s value and rarity may make it more desirable to preserve and protect the vehicle, rather than subjecting it to the wear and tear of daily driving. However, for enthusiasts who are willing to accept the challenges and costs associated with owning a classic car, the 928 can make a rewarding and enjoyable daily driver.
How can I ensure the long-term value of my Porsche 928?
To ensure the long-term value of your Porsche 928, it is essential to maintain the vehicle properly, keep it in good condition, and document its history and provenance. Regular servicing and maintenance can help prevent mechanical issues and preserve the vehicle’s original components.
Additionally, keeping the vehicle’s original documentation, such as its service records and ownership history, can help establish its provenance and value. It is also recommended to store the vehicle in a dry, climate-controlled environment, and to avoid modifying or customizing the vehicle, as this can impact its originality and value.