The Porsche 928 was once an outlier in the Porsche lineup—an ambitious grand tourer designed to replace the iconic 911. With its front-mounted V8, futuristic styling, and luxury-focused design, the 928 was a radical departure from Porsche tradition. However, decades later, the 928 has gained a cult following, and collectors are beginning to recognize its value as a classic investment car.
But is the Porsche 928 truly a worthwhile investment? With rising prices, growing demand, and increasing rarity, many enthusiasts believe now is the time to buy. This guide explores the factors that influence a 928’s value, whether it’s a smart financial decision, and how to choose the right model for investment purposes.
1. Why the Porsche 928 Is Gaining Popularity
For years, the Porsche 928 was overshadowed by the rear-engine 911, but times are changing. Several factors are fueling the 928’s rise in collectibility:
✅ Unique Design & Engineering
Unlike any other Porsche, the 928 was built with a 50/50 weight distribution, offering a balanced, comfortable ride without sacrificing performance. Its V8 engine, pop-up headlights, and futuristic design make it stand out in the classic car world.
✅ Limited Production Numbers
While Porsche produced over 60,000 units between 1978 and 1995, the number of well-preserved 928s is dwindling. Many were neglected, making low-mileage, well-maintained examples rare and valuable.
✅ Increasing Market Value
Classic 928 values have risen sharply in recent years. Models that once sold for $10,000-$15,000 are now commanding $40,000 or more, with pristine, low-mileage examples selling for six figures at auctions.
2. Factors That Influence a Porsche 928’s Value
Not all 928s are equal when it comes to investment potential. Here are the most important factors that affect a 928’s worth:
📌 Mileage & Condition
- Low-mileage 928s hold higher value than high-mileage examples.
- Rust-free, accident-free bodies are crucial for long-term appreciation.
- Original paint, clean interiors, and factory parts increase desirability.
📌 Maintenance History
- The 928 is a complex car that requires specialized care.
- A detailed service history with records of timing belt replacements, electrical repairs, and engine maintenance is essential.
- Poorly maintained 928s can turn into money pits, making them a bad investment.
📌 Originality vs. Modifications
- Stock 928s are generally worth more than highly modified ones.
- Certain performance upgrades (such as suspension or exhaust enhancements) may increase appeal, but engine swaps and custom bodywork can hurt resale value.
📌 Rare & Special Editions
- 928 S4 (1987-1991): One of the most desirable versions with 316 HP and improved aerodynamics.
- 928 GTS (1992-1995): The final and most powerful 928, with 345 HP and wider rear fenders.
- Manual transmission models are rarer and more sought after than automatics.
3. How Much Does a Porsche 928 Cost Today?
📈 Market Trends & Prices
- Early models (1978-1983): $20,000 – $40,000 for well-maintained examples
- 928 S4 (1987-1991): $35,000 – $60,000 depending on condition
- 928 GTS (1992-1995): $60,000 – $150,000+ for rare low-mileage models
The 928 market has steadily appreciated, and experts predict values will continue rising as collector interest grows.
4. Is Buying a Porsche 928 a Smart Investment?
✅ Reasons to Invest in a Porsche 928:
- Increasing Collectibility: Prices are rising, making now a good time to buy.
- Unique Driving Experience: A front-engine V8 Porsche is rare, making it stand out.
- Limited Supply: Fewer well-maintained 928s remain on the road.
❌ Risks to Consider Before Investing:
- High Maintenance Costs: Timing belt replacements and electrical repairs can be expensive.
- Parts Availability: Certain components are becoming harder to find.
- Patience Required: Classic cars don’t appreciate overnight—it’s a long-term investment.
5. Tips for Buying a Porsche 928 as an Investment
If you’re serious about investing in a Porsche 928, follow these expert tips:
✅ Buy the Best Example You Can Afford
- It’s better to pay more upfront for a well-maintained 928 than to buy a cheap one that requires major repairs.
✅ Get a Pre-Purchase Inspection (PPI)
- Have a 928 specialist inspect the car to check for hidden issues, rust, and mechanical problems.
✅ Prioritize Originality
- Numbers-matching 928s (with original engine, transmission, and paint) hold value best.
✅ Look for Limited Editions
- 928 S4 and GTS models will continue to appreciate faster than base models.
6. Final Verdict: Is the Porsche 928 a Good Investment?
The Porsche 928 is no longer an underappreciated classic—it has officially entered the collector car market, and values are climbing. While maintenance costs are high, a well-preserved 928 can be a rewarding investment for both financial returns and driving pleasure.
If you’re looking for a rare, unique Porsche with appreciating value, the 928 is a smart choice. Just be sure to buy wisely, maintain it well, and enjoy the drive—because no investment is more fun than a V8-powered Porsche grand tourer. 🚗💨
Are you considering buying a Porsche 928? Let us know in the comments what model you’re looking at!
The Porsche 928 has finally stepped into the spotlight as a true collector’s classic, offering a unique blend of V8 power, grand touring comfort, and cutting-edge (for its time) engineering. Unlike other vintage Porsches, the 928’s front-engine, transaxle layout provides a balanced, high-speed driving experience that remains impressive even today. With values on the rise, now is an excellent time to secure a well-maintained example before prices climb even higher.
However, buying a 928 as an investment requires careful consideration. Ensuring proper maintenance history, originality, and overall condition is key to making a smart purchase. Whether you’re restoring a neglected example or preserving a low-mileage collector’s piece, expert care will help protect both your investment and driving enjoyment. A well-maintained 928 doesn’t just hold its value—it delivers an unforgettable driving experience that modern cars struggle to match.
Thank you for taking the time with me to learn more about what Don Fenton, the Porsche 928 whisperer, can do for you.
Sincerely,
Don Fenton
(AKA) 928 Done Right
For more information on Porsche 928 pre-purchase inspections, maintenance, restoration, or performance upgrades in the greater Austin area (or beyond), please contact your premiere 928 mechanic, Don Fenton, AKA Mr. 928 Done Right – Porsche 928 repairs and restoration of Austin, because Don ensures any repairs get Done Right the first time!
📞 Call us now for a free estimate! (737) 900-8179
🌐 Visit us at www.928DoneRight.com
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