Collector Status: 1980 Porsche 924 Turbo

You’ve probably noticed a few 924s on these pages recently, and you might say “what’s with all the 924s guys, these things are terrible?”  As correct as you might be in your assessment, there will also come a time in the next year or so when you say “why didn’t I buy that low mile Porsche 924 back when it was affordable and the schmucks at Daily Turismo were always featuring them?”  This is not an I-told-you-so moment, as much as it is an I’m-going-to-tell-you-so.  Find this 1980 Porsche 924 Turbo here on eBay bidding for $3,500 reserve-not-met in Coon Valley, WI with 5 days to go.

Between you and me, I don’t want the Porsche 924 to become the next hot collector’s item, with rich douchebags driving their prices into some kind of collecting/investing frenzy. I really wish the folks who put money into cars for investments would put their money into Haitian penny stocks or Syrian real estate investment trusts — just do anything other than drive the remaining cool and affordable cars into the place where I have to be stupid to buy one, but stupider to not buy one.

The 924 power comes from the familiar old Audi sourced 2.0 inline-4 cylinder
engine, but it comes with a head designed by Porsche and is boosted to
143 horsepower and 147 ft-lbs of torque.  This series 1 version is
almost as fast as a contemporary 911 and the later cars had a few more
ponies to narrow the gap even further.

When you do end up buying a classic Porsche to augment your collector’s portfolio of non fungible items like race horses, petrified wood, and real estate, you should always look for the lowest mile/best condition car before the price boom.  This 924 has 93,000 miles on the odometer, which is high enough that you won’t mind driving it occasionally (unlike the 50 mile example you need to keep in a airtight storage locker) but still low enough to be noteworthy. 

See another Porsche ready for driving into the ground?