High Miles, Huge Fun: 1992 Porsche 968 – SOLD!
February 10, 2021 Update – we confirmed the seller of this “Classifind” deleted their listing, so we’re now able to call this one “SOLD!” While this one got away, please reach out either by email or call Rudy directly if you’d like to be informed when we come across something similar.
There’s something about sports or exotic cars that have racked up big miles, as it’s fairly uncommon to see a car typically designated solely for a weekend or track-day use go deep into the digits on the odometer. But that’s exactly the case with this 1992 Porsche 968 coupe originally listed in January 2021 on Craigslist in Jacksonville, Florida with 174,000 miles on the clock for $12,500. Comparing this price against the Hagerty Insurance Online Valuation Tool confirms this private seller has priced this high mileage 968 quite accurately, with the guide valuing a “Fair” condition 968 at $12,500.
The 968, at the moment, remains in the sweet spot of being a collectible, young timer car that hasn’t had the same explosive trajectory of value as the traditional air-cooled models have. This is both a blessing and a curse: the former, of course, means it is relatively attainable for most project car budgets, but in the case of the latter, it means buying this vehicle largely for your own enjoyment rather than counting on a major return on investment. Sadly, the days of snagging a cheap 911 project are seemingly gone, so big scores are left to the big guns of the collector car hobby. But the 968 certainly won’t lose value, as any manual transmission-equipped Porsche will have a following – even it’s the red-headed stepchild with a four-cylinder engine mounted upfront.
This old TopGear video from 1992 highlights how the high price of 968s limited demand for the car and nearly drove Porsche out of business:
The description of the 968 presents it as a driver-quality car with lots of pricey recent maintenance already addressed, along with some sensible upgrades. It has previously been repainted, and looks good in photos. Wheels have been upgraded to later Boxster rollers, but I’d likely swap back to the originals – always liked the way they looked. Some of the bigger maintenance jobs already done include the headgasket, clutch, clutch slave, brake master cylinder, valve seals, Variocam chain, chain ramps, water pump, rod bearings, and more – all common issues for 968 caretakers that the next owner of this car won’t have to worry about. While high mileage can scare some people away, it shouldn’t be much of a concern with an example like this that’s clearly been looked after. Good luck with the purchase if you decide to give this 968 a new home.
Here’s the seller’s description:
“1992 Porsche 968 owned since 2006 at 109,000 miles. Now 174,000 miles! Power seats driver/passenger, AC works, Repainted a few years ago. 6 speed, Aluminum flywheel, Koni shocks, RS Barn chip, modified airbox, 17” Boxter rims, new front rotors, Just replaced timing belt, balance belt, rollers last December. Head gasket, clutch, clutch slave, brake master cylinder, valve seals, variocam chain, chain ramps, water pump, rod bearings, oil pan gasket replaced recently, New tires, Car cover… Not a garage queen but a great driver! Many parts replaced within the last few years too much to list. SERIOUS INQUIRIES ONLY, NO TRADES, CASH ONLY.“
Do you have a Porsche 968 story you’d like to share? Comment below and let us know!