Wisconsin Joe

Your profile says "Baltimore." While it's not exactly "next door", MrMerlin (Stan) is in Philly.
I wouldn't be too surprised if the current owner isn't willing to let you take it that far, but it would be worth your while to get Stan to take a road trip to look the car over.

Have you seen it in person yet?

A/C can be a huge money pit. Tools, books, records are all signs of an "original" car and are worth more for the car that the actual cost of the items.

Mileage is a big question mark. If there aren't records that verify it, it may be wrong. These cars are known to have the odo gear disintegrate. Easy enough to fix, but if it was broken, how long was it left that way? I have records going back for a year and a half that show the exact same mileage for mine. I know how long it was broken, but only can guess at how many miles were added during that time.

Could be $15k, could be $25k. Might be $30k, but that's a bit high, IMO. Also, this is not a good time to sell a "summer" car, even that far south. That will drop the price a bit, depending on how bad the seller wants it gone (Does he have plenty of storage at his place, or will he have to pay for space?)

Post some pics, post the VIN in the "Official VIN Check and Option Request" thread. That will give the "usual suspects" a better shot at giving a fair price.

Ignore Sterling. He's hating on 928s right now. As was mentioned in another thread, getting underwater in these cars really sucks. And he's way under.

worf928

Probably less than this one?

https://rennlist.com/forums/928-foru...l-records.html

Speedtoys

Bauer: None of that was directed at you.

I'm no help. I paid $1k for a fantastic 87 S4 recently..and $4k for my first OK condition S4...

VehiGAZ

Dude I have no idea what you're up in arms about. I thought 928sg's comment was kind of funny - the classic forum bully's rant, and I did not take it seriously.

I don't know anything about either one of you. If there's an issue between you too, I'm sorry to hear about that. But this is the anonyweb, and it's full of nasty trolls and drunk-posters and people a lot more concerned about what they think is funny that what you think is funny.

VehiGAZ

Now back to the thread topic...

If the OP's prospective purchase is potentially a $25k car, is my maintenance-documented 47.6k mile 1989 GT underpriced at $37,500?

linderpat

Why? I'm not an 18 y/o 928 leg humper. I'm paying member of this site who already owns a Porsche AND attended Frenzy 19, whos asking for guidance from a communit of current owners. I don't want to overpay and I don't want to insult the current owner. How is that the same as asking for tires, seats and tint?

Don't get me wrong. I enjoy a good ribbing and giving a hard time but hardly feel this thread warrants it.[/QUOTE]

That was just Sterling letting loose on his experiences. He had a thread recently about how deep he got into his shark, and how he wished he hadn't, and was sarcastically trying to warn you to stay out of the pool, because these fish can eat you if you let them. No worries.
As to the subject car, I am with what the others are saying. Mid-20s isn't unreasonable if it is as described., but a ppi would be warranted first no matter what.

worf928

I just looked through all of your pictures. Since the OP hasn't posted (and might not have) as many close-ups as you do its like trying to compare apples to invisible oranges.

That said, I think your asking price is optimistic. If the car was completely stock down to the radio it would be less optimistic, but still optimistic. If it was a 5-speed GTS you would be under-pricing it.

Right now I think your car is priced at the bottom end of the collector market and at the very high-end of the driver market for non-GTSs. In the former market it's all about 100% stock, documented, etc. Yours is not not stock (radio, front sway bar, speakers, etc.)

I haven't looked through your maintenance records (I'm not in the market; got three already.) Those records might make your price more or less optimistic. Based on the pictures you've got more work to do to bring it into your range. At least based upon where I think the market is right now. Wait another year or two and that may no longer be true; folks might be snapping up restorable under 50k-mile non-GTS 928s for that kind of money. Once the market realizes that GTs are arguably better 928s than GTSs and just about as rare we might see this.

Below is a picture of a 44k-mile GT (one of the Red ones from my thread a couple of weeks back.) If yours is worth $37k how much is the one below worth? My bet is to mid-$40s. If it was for sale. I think you have more work to do on yours to catch up to your price range.

Mrmerlin

Thats a great looking engine picture Dave.

BauerR

QUOTE=Wisconsin Joe;12660565]Your profile says "Baltimore." While it's not exactly "next door", MrMerlin (Stan) is in Philly.
I wouldn't be too surprised if the current owner isn't willing to let you take it that far, but it would be worth your while to get Stan to take a road trip to look the car over.

Have you seen it in person yet?

A/C can be a huge money pit. Tools, books, records are all signs of an "original" car and are worth more for the car that the actual cost of the items.

Mileage is a big question mark. If there aren't records that verify it, it may be wrong. These cars are known to have the odo gear disintegrate. Easy enough to fix, but if it was broken, how long was it left that way? I have records going back for a year and a half that show the exact same mileage for mine. I know how long it was broken, but only can guess at how many miles were added during that time.

Could be $15k, could be $25k. Might be $30k, but that's a bit high, IMO. Also, this is not a good time to sell a "summer" car, even that far south. That will drop the price a bit, depending on how bad the seller wants it gone (Does he have plenty of storage at his place, or will he have to pay for space?)

Post some pics, post the VIN in the "Official VIN Check and Option Request" thread. That will give the "usual suspects" a better shot at giving a fair price.

Ignore Sterling. He's hating on 928s right now. As was mentioned in another thread, getting underwater in these cars really sucks. And he's way under.[ QUOTE]


Unfortunately, the car isn't in MD.
He has documented service verifying mileage.

BauerR

QUOTE=VehiGAZ;12660875]Dude I have no idea what you're up in arms about. I thought 928sg's comment was kind of funny - the classic forum bully's rant, and I did not take it seriously.

I don't know anything about either one of you. If there's an issue between you too, I'm sorry to hear about that. But this is the anonyweb, and it's full of nasty trolls and drunk-posters and people a lot more concerned about what they think is funny that what you think is funny.[ QUOTE]


I have no problems with forum "tools" but it's not something I expected from here. If this were Offtopic or the like, I completely understand.
I guess I'm on a mission, need assistance and don't want to get a thread off topic with heckler BS. Like how this thread has done.

VehiGAZ

@ worf928 - thank you sincerely for your feedback! You're probably right that it needs to shine like yours to be worth all the money - perhaps I am over-valuing the low mileage (although I do believe it is one of the lowest-mileage driver-class '89 GTs in the country), or the desirability of the '89 GT (it is a "sweet-spot" sub-model for sure, but there are other sweet spots in the 928 lineage too).

I may do well to pay for winter storage, revert it back to stock as much as possible, and get it shiny all over and try again next year...

Dan87951

I see lots of people asking big money for 928's but have yet to see any change hands. I'm all for 928's appreciating (own two) but lately some people have been delusional in their asking prices. Maybe its just me?

I would think its a solid 25-30k car if service and paint are really clean. 5-speed's add significantly to the value.

Daniel5691

I think this particular thread has a lot of interesting merits, many of which aren't obvious.
In a nutshell, this is exactly the type of uncertainty that occurs in the early period of the process of secondary appreciation. There are still true "steals", and there are certainly overpriced "hype-mobiles", but there are just as many guys stuck with a money pit as there are guys looking for a collectible-quality queen as there are guys trying to find a daily driver that they can drive the tread off of the tires...
No sense in getting frustrated however, I'm sure as this thread gets a few days on it you'll have a good consensus on approximate value.
And good luck !

Dan

Speedtoys

What this thread, and others recently have told me, is my job will be to get my early 87 to as clean stock as reasonably possible...with a few nice plusses.

Getting the A.28/12 with no LSD out of the car next week before Sfest, and installing a Greg rebuilt A.28/16 LSD..as an example of "a nice plus".

Fogey1

You have gotten some excellent advice in this thread.

At that price, and with one major system failure already, the car really needs a PPI by an experienced 928 expert. If the seller disagrees or is reluctant to help you achieve that goal, you need to decide whether you want to draw to an inside straight.

The seller's attitude toward helping with a PPI, the location of the car vis-a-vis qualified PPI providers, the identification of the shop that did the recent work, and whether they will talk with you should all play major roles in your decision.

Good luck.