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1989 Porsche 911 Speedster

In the world of affordable 911s, the Speedster is not one of them, nor has it ever been. Known as option M503, the Speedster appeared for the 1989 model year only, with only 2,104 produced. Development on the model began in 1983 at the direction of Dr. Helmuth Bott, the research and development head at Porsche. The introduction of the 911 Cabriolet that year provided an optimal basis for a stripped down, low cowl version in the spirit of the 356 Speedster. It would also serve as a bookend to close the 3.2 Carrera chapter before the dawn of the 1990s brought four-wheel drive, twin-turbocharged engines and later, the demise of the air-cooled engine. This Speedster for sale in North Carolina is a well optioned example finished in Grand Prix White over red leather.

Year: 1989
Model: 911 Speedster
Engine: 3.2 liter flat-6
Transmission: 5-speed manual
Mileage: 25,384 mi
Price: $145,000 Buy It Now

CLICK FOR DETAILS: 1989 Porsche 911 Speedster on eBay

From the moment the 1989 911 Speedster was brought to market, it was truly beloved. After a 30-year wait, Porsche brought back the “Speedster” with this stylish, high-performance successor to the 356. With a very limited number of cars (824) sent to the United States, the beautiful and powerful Speedster was an instant collector’s car. Road Scholars is delighted to offer this impressive, heavily-optioned example featuring low mileage, original paint, gorgeous original red leather interior, and a well-documented provenance.

1989 911 Speedster
VIN: WPOEB0913KS173742
Exterior Color: Grand Prix White
Interior: Full leather in color to sample “Red”
25,384 Miles (Original paint and interior)
Four owners from new and documentation on the mileage.
Note: Original exhaust comes with the Speedster (After market exhaust currently on it).
Includes all the original books (tools) and even PCNA letter to new Speedster owners dated 1989.

Options from the factory include:
1. Leather color to sample
2. Rim cap with Porsche crest
3. Three spoke steering wheel with horn button and enamel crest
4. Leather shift cover
5. Leather shift knob
6. Steering wheel with raised hub
7. Limited slip differential
8. Shorter gear shift lever
9. Heavy-duty windshield cleaning
10. Headlight washers
11. Grand Prix White painted wheels
12. Sport Seat (left) electric
13. Sport Seat (right) electric
14. Automatic speed control
15. Amplifier
16. Alarm system
17. Air conditioning
18. Radio with CD player
19. Luggage compartment “Black Velour”
20. Leather Piping to sample
21. Seat stitching in black
22. Leather welting color to sample

A fully documented, low mileage 911 Speedster such as this won’t come cheap, but closing in on $150,000 is a bit steep. Most 911 Speedsters you come across will be in good condition, as collectors and enthusiasts alike knew from the get go that these cars were destined to become classics. It is still possible to find a choice example of a Speedster for between $90,000 and $125,000. One wonders if the days of the under $30,000 3.2 Carrera are numbered. If so, will the Speedster variant soon move deeper into six figure territory?



  1. TC
    TC September 30, 2013

    Hey Paul,

    Your estimate of value is low.
    89 Speedsters are now solid $150k car. They are being purchased here and resold in (mostly) Germany for $175-200k. Low miles bubble wrap cars are even more. There was a Black/ Red 27k Speedster that sold at a public auction earlier this year for $187k.
    I personally have been looking for a Speedster on and off for ages. The only cars that are around $100k are cars with miles or condition issues.
    You are right in that 89 Speedsters were in the $100k range for 4-5 years. That all changed mid 2012 when the stock of nice cars went away.
    At Monterey this year I ran into many Europeans who had 89 Speedsters on their list of cars to buy.
    Bottom line, $145k is an excellent buy.
    Why don’t I buy it? Red interior isn’t for me.
    Hope all of this info helps!

  2. Paul
    Paul September 30, 2013

    Thanks for the input, TC. We do appreciate it when our readers take the time to contribute. Usually I run things by Hagerty, Hemmings and try and get a rough average via any other current ads or auctions and infer from there. It just seems as if this may be another one of those instances like the E30 M3 that is having runaway success amongst collectors….thus making it more complicated for people like me to keep track. This is one of the reasons we like to do the Week in Review feature at least twice a month, as we can at least monitor some of the cars we feature.

    I’ve seen a few of these Speedsters reappear after not selling, which may or may not be the case with this one. Sadly, I worry by the the time I have the cash and space for an SC or 3.2 it will be too late. Such is life…


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