3 water-cooled Porsches to buy right now


Over the course of 24 hours this week, the value of Bitcoin surged about $1000, plunged nearly an equal amount and then rose back to its previous 24-hour high. Porsches are hardly crypto-currency, but they’ve certainly seen some wild gyrations in value recently. The good news is we should see more stability in the future, in part because air-cooled Porsche values are leveling out. Water-cooled cars, on the other hand, are a good buy right now. Here’s why.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2018/01/25/water-cooled-porsches-to-buy


Hate to be “that guy,” but the last pic above is not a 996 TT, but a GT2. Unless of course it’s a TT w/ a GT2 front bumper and rear wing.


@bimmerphan It is indeed a TT with GT2 stuff on it. https://www.mecum.com/lots/FL0111-103050/2002-porsche-996-twin-turbo-coupe/

We’re updating the photo to a stock Turbo to avoid confusion.


Could you not find a picture of a '78-80 928, or is the editor of Panorama really too ignorant to tell the difference between '78-80 and '93-95? (Does no one at Hagerty proofread these things?)


@jee Blame the millennials on our production staff. We have the correct photo in there now.


Nothing in the pricing or automotive sales websites would lead me to believe that valuations for 968 Coupes are higher than Cabriolets. What led you to this assumption? I suggest that you check that resource. Owner of 968Forums.com.


Low mileage, unrestored always bring the most money. One thing rarely mentioned with the 968’s is how comfortable/drivable/great handling they are. Tiptronic is not as much of a liability as mentioned, since younger buyers are less inclined to have experienced manual transmissions. 968’s are the best value of used Porsches—for certain !


@jkravitz From Rob Sass, the author:

Here’s the story with 968 coupe vs. cab. This is a relatively new trend that we’ve been following in asking prices on the PCA Mart and in publicly sold cars (eBay, Bring a Trailer, land auctions). In the last year or so, the market seems to be showing a preference for closed 968s. A some recent sales illustrate:

BaT recently sold a white 1995 6-speed coupe with 66K miles for a whopping $36,250. Contrast this with a 1994 Speed Yellow cabriolet with strong PCA history and original paint and 73K miles which made $29,000 in spite of the “holy grail” color of Speed Yellow.

A blue 1993 cab with just 26K miles also sold recently on BaT for $26,900, while a coupe with more than twice the miles (58K) sold for $25,000 recently. It’s no different on eBay where a blue '95 coupe with 84K miles recently sold for $23,000, while a red cab with just 68K miles was a no-sale, bid to just $14,000.

All of the above were 6-speed cars. Again, we weren’t able to look at these cars in person, based on descriptions, conditions and mileage appeared similar. This is an emerging trend that appears to be driven by younger buyers born post-1975 without an innate affection for convertibles. 968s are also frequently tracked cars, the comparative lack of rigidity is viewed as a liability on the track. Any 968 is of course a rare car with a significant upside. But for now, the 968 market seems to be mimicking the 911 market with buyers evincing a preference for closed cars.


In most years, correct me if I’m wrong, there are fewer cabriolets than hard tops, right? If so, when just about any Porsche hits 50 years old, won’t there be a much greater rarity factor for cabriolets? Another observation is that fashion changes all the time. Even if hard tops are more popular today, won’t there be years or decades when cabriolets are more popular than hard tops? Your thoughts please.