Well I got my eye on a black 968 cab. Its has 53,450 miles. 1992 black /black top. Tan int. The outside is pretty good but it has about 5 or 6 nice sized chips.
Now the bad new it has has salvaged title from 93. I dont know the history for the car at all. Just on a lot. Have not spoke with the old owner but I did drive the car today and it felt good. 4 thing. Top didnt go down. ac didnt work parking brake didnt grab and the driver seat didnt go forward or back. What do you all think a fair price would be on a car like this. ????

 

First, I'd want to know why it has a salvage title. Clean, low mileage 968's are rising in value, but this could be a fright pig if you look at it carefully.

 

Salvage title? Forget it. Not interested.

 

I don't know, get if for next to nothing and then fix the problems. If you aren't ever going to sell it, salvage title means nothing. Being that it has a salvage title, you should be able to get it for really cheap. Do a carfax and find out what demons are in it's glovebox...

...the scary things are that the salvage title is from '93. The car would have had a great book value so whatever damage was done had to be severe. Don't they also do salvage titles on stolen cars that are recovered after the insurance has paid out? That would be a pretty good car...depends on why it has a salvage title...

 

Based on the description -- maybe $8k.

 

I would agree with Joseph's valuation. Except if it was merely a theft recover, in which case I would say more like $10k. Sounds like it would make a GREAT track car.

 

I should clarify - if I were looking to build a dedicated race car (as in ONLY for the track with no hope of selling it, just something to race the hell out of), I'd get one with a salvage title. Other than that, no chance. I think a Porsche with a salvage title is pretty much worthless for resale value to anything other than that.

 

well I took it by my local body shop and the owner came out and walked the car. He could tell that the car had been repainted. But he didnt see any place where the car had been welded on or anything like that.

The car was bought new in tampa, fl on 07-10-92 And there was a totaled title issued 9-01-92. Then the car wound up in kentucky where the title was washed I think. I ran 2 reports on the car. 1.carfax showed everything. 2. Auto check, came back that the car was perfect.

I dont know what the hell 2 do I think I can buy the car around $5000

 

$5000 I'd grab it just for the 53K engine. 3 cars in my family are salvage titles. If rebuilt properly salvage title cars are just as good until it comes to resale. If a deal like that was in my area i'd be driving one now.

 

Definetly worth a PPI. 8-10K ??

 

I have always found after so many years a salvaged title only means something to the bank your getting a loan from, and a lot of banks won't finance anything over 10 years old, so thats not a problem either. A car that is hard to find will sell for a decent premium even if it has salvaged title when they get older because, lets face it, everything is slowly dissapearing.

Get as much background on it as you can, if its a teft recovery, which seems likely in this case, its worth looking into since the car itself should be fine. If by chance its a flood victim I would be wary, but if it was salvaged over 10 years ago as a flood victim its aparently doing alright to still be alive, but flood cars always seem to have gremlins that are near impossible to trace down.

If it was in an accident at a year old, it must have done some serious damage to total the car out. Look for all the tale tale signs, get the car up on a lift or jack stands and get under it. Look for ripples in the chassis, welds where it may have been two cars cut and welded together, a friend of mine did that for years back in the early 80's, get to salvaged cars cut em in half and make one. But a totaled car can be done the right way, be it this way or others. I currently have a del Sol in my garage that had the front right smacked hard on it, we tried to pull it on a laser frame machine, but it didn't get straight enough to be happy so we bought a front clip to transplant on it. Nice thing is that it is a targa top so we only have to cut the floor of the cabin in half and sew her back together.

Just some things to think about.

For 5k you could probably part it out and make more money.

 

for 5K i'd say go for it

 

Buy it dude!

 

Not all salavged cars are equal. A clean titled car could have been involved in a much worse accident than one with a salvaged title. The clean titled car could have been repaired poorly as well...

It's a case by case basis. Inspect the car well and you'll be fine.

Finally, a Porsche is not an investment - but a means of having a crap load of fun. I'd be happy to find a salvaged Porsche - I'd be able to get it for way cheaper than normal going price!

 

Hurricane Andrew, late August 1992, est $25 billion in damages. I think there lies your explanation.