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1989 Porsche 928GT with 351 original miles

Here comes another one of those impossibly low mileage Porsches similar to the Amethyst Porsche 968 we featured last week. The 928GT debuted in 1989 and packed 330 horsepower out of its 5.0 liter V8. It was available solely with the 5-speed manual gearbox and ZF limited slip differential. The S4 and GT eventually gave way to the final iteration of the 928, the GTS, debuting in Europe in 1992 and North America in 1993. This GT in North Carolina could be one of the lowest mileage examples left and is on offer at an eye watering price.

1989 Porsche 928GT on eBay

In 1989, Porsche upped the ante on their competitors again, delivering their Ultimate Autobahn sporting machine, the 928 GT. The GT is a special, high performance sport version of the 928 S4 with the upgrades and power to back it up. The drive train features a revised 5.0 liter 330HP V8 with new intake(same as later GTS),revised cam shafts, shortened shifter and a lightened twin outlet exhaust. The Sport suspension was standard on the GT as well as lighter, one year only “Club Sport” rims with the widest rears yet at 16×9 requiring rolled fender lips all the way around. As such, the GT comes only with a manual transmission with the shifter shorted 1? over the S4’s manual version.

Porsche also introduced driver and passenger-side airbags and becomes the first to make them standard across the model line. New low-pressure tire warning system is standard and the GT and they also got the new electronically controlled Limited Slip Differential. GT Production began late in the 1989 model year beginning March and ending in June making this model very rare indeed. The total U.S. production is estimated to be between only 70 and 105 produced. Our car is a true time capsule with under 400 original miles and special ordered in Forest Green Metallic with cashmere Leather. This car was purchased from its “Original” owner and has been meticulously maintained. The 928 represents the ultimate touring GT super car with Porsche renowned engineering. Truly 1 of 1!

Low mileage cars like these always beg the question “just what was the owner thinking?” If I spent good money on a grand touring machine like this, I certainly wouldn’t have hidden it under lock and key. Almost $100,000 is a big ask for this car. Normally a clean 928GT would bring between $30,000 to $40,000 tops. Original MSRP was about $76,000 and the market for those willing to pay big money for what is essentially a showpiece is razor thin. People that buy a 928 want to drive it, and you could certainly do so with this car. But, like the 968 we featured last week, if you went ahead and did so, say hello to huge depreciation and potential repairs that could be a result of a car sitting around for 23 years.



  1. Larry
    Larry August 14, 2012

    Absolutely silly. All of it. Mothballing a brand new 928GT for 23 years, and then trying to charge nearly six figures for something no one will actually use as intended. Idiotic. This is no longer a car – it’s a museum piece. An ego booster for someone to stick in his static display collection so he can brag to his friends that he has a “brand new” 23-year-old Porsche. Pathetic.

  2. URS Driver
    URS Driver August 14, 2012

    Agreed. This car would be better if it had 30k of pampered careful driving under it. I love 928’s but they are nowhere near historically significant enough to warrant this kind of preservation as an investment. It’s just painful to think it was never driven.

  3. Sam
    Sam August 14, 2012

    Agree with everyone else, even by the mere philosophy that an insanely preserved example of a 1989 model year car should not still exceed the original asking price.

  4. KevinR
    KevinR August 14, 2012

    I was amused by the seller’s statement: “Just Serviced.” The first thing that went through my mind was “Why? It’s not like it has been driven or will be driven.”

    Maybe the proprietors of GCFSB should list it here again once the sellers get a stiff dose of reality.

  5. Miek
    Miek August 14, 2012

    I don’t get it, whats with thse people selling old cars with low miles for huge money? I mean if I want a low milage car like this for 100k I could get a LOT more buying something new, why not a NEW 911? Its not like this was a unique or special model car I could see this being like that if that was the case but this is a common model.

    I could buy a used 928 with 60k miles and rebuild the entire car and build the engine for performance and it cost less.

  6. URS Driver
    URS Driver August 15, 2012

    “Miek” you’re missing the point. The whole obsession is based on the fact that new cars, for the most part, are unnecessarily complicated disposable appliances. Compared to golden era German cars they just don’t have a soul, they are just not built the same. To your point about rebuilding, no restoration is better than an unmolested factory original, ask any serious collector which he prefers. Additionally any dork with a substantial line of credit can go buy a new 911 and act like a car enthusiast. The point is Porsche isn’t making any more “new” 928’s, I can only wish cars like this were still made in Germany. In this particular case though, putting this car in a vacuum in anticipation of a “big pay day” 23 years later was a mistake to say the least.

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