We have finally come to the last post in a ten part series about 10 Porsches that are currently within a reasonable budget, but that may become very valuable in the future. In part one we covered the Porsche 911 SC, in part two we covered the 911 Carrera 3.2, in part three we covered the 911 (993), in part four we covered the 911 (964), in part five we covered the 912, in part six we covered the 914, in part seven we covered the 928, in part eight we covered the 968 and in part nine we covered the 944. In this post we will cover the Porsche 924.
Below is the list of Porsches that we covered in other posts. Please note that the order of the Porsches in the below list is the order that they were covered, but not necessarily the order of what is more likely to become valuable.
- Porsche 911 SC
- Porsche 911 Carrera 3.2
- Porsche 911 (993)
- Porsche 911 (964)
- Porsche 912
- Porsche 914
- Porsche 928
- Porsche 968
- Porsche 944
- Porsche 924
The Porsche 924 is the real dark horse in this list. The 924 was original designed by Porsche for Volkswagen. VW later decided against building the car and Porsche bought back the design and built the car to be marketed as a Porsche. The car featured great handling thanks to its front engine and rear transaxle design.
The biggest thing that brought the 924 down was the use of an Audi engine. While in Europe the car got a decent for the time 125 horsepower, when launched the car had less than 100 horsepower here in the United States due to meeting emissions regulations. This along with vibrations from the engine made it a car that got mixed reviews.
The performance of the 924 took a jump with the Turbo model. However, once the 944 was released the performance of the new car provided about the same performance without the turbo lag and in a better looking package. The 924 S model was later released and it had a slightly detuned all Porsche engine from the 944 that put out 150 horsepower. Many thought that this should have been the car that the 924 started as.
There is one model variant that is a modern classic. The Porsche 924 Carrera GT (and later there were a few GTS models sold) took the 2.0-liter Audi engine and made it quite a performer thanks to an intercooled turbocharged engine. The road car could go from 0 to 60 mph in about 6 seconds. The car was sold in a very limited run and featured styling close to that of the 944. The Carrera GT was built with racing in mind and in 1980 a Carrera GTR finished 6th overall at the 24 Hours of Le Mans, winning its class in that race.
There were only a few 924 Carrera GTs made and they often fetch a good amount of money. Beyond this the car was not originally sold in the United States, so only a few are in this country after being exported at a later date. The 924 Carrera GT is one to buy if you can afford it as it is already collectible.
But for most of us a Carrera GT is out of reach and we would need to look at a different 924. The best model in the lineup is the S model. It offered the best all around performance and is less common that some of the other 924 models. The Turbo would be the next most desirable, but it is the maintenance that really kills your investment on these cars.
The normal 924 has pretty rock solid internals, but they don’t tend to be well looked after. This leads to you being able to find a 924 for $1,200 or less. Having said that if you keep your eye out you can find a well-maintained clean car for around $2,000. For a well-maintained Turbo you are looking at $3,000-$4,000 and for a 924 S it will run you between $4,000-$6,000.
The non-Carrera GT 924 lineup is the most affordable Porsche you can currently buy. Most of the cars have fallen into the hands of those that can’t afford to take care of them. Because of this good original cars are becoming scarce and it is possible that the car could become valuable if two things happen. First enough of the cars would need to rust away or be totaled so that they are very rare. The next thing would be that they would have to become very sought after. The first seems very possible, but the second doesn’t seem as likely.
If you buy a 924 try to buy the best car that you can afford. These cars are pretty cheap, but some repairs can be pricey, so a Pre-Purchase Inspection is always a good idea. The earlier cars are also prone to rust so, keep an eye out for that.
If you do buy a Porsche 924 enjoy the car for what it is, a great handling car with decent performance (at least in the S and Turbo models). No matter if the car does become valuable at some point or not, you will get a fun car with a Porsche badge on the front.
Picture Source: OSX