How to Get upside Down (and Hanging) in a 928
#16
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You guys are way out of touch with your cars. My 32V engine has two timing chains.
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I’m 9 minutes into the first video. It’s cringeworthy; lots of misused words, technical mistakes, and technical advice passed into the script by people that haven’t worked on 928s but have heard stories about working on them from other people (that haven’t worked on them...)
I’ll try to make it all the way through both.
Don’t hold your breath though.
I’ll try to make it all the way through both.
Don’t hold your breath though.
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I had to google that.
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So, the video got a lot better by 12 min. I like the guy. He just needs to rehearse and have a better script. I'm glad he still has a job. Folks that *want* to do a good and thorough job seem to be getting thinner on the ground.
I don't see why folks are so surprised at a $75k bill. Here's the scenario as I see it:
- Car guy buys an 85+ Auto without doing enough research to uncover TBF syndrome
- Car guy doesn't do a very thorough PPI (where the first P is either "Pre" or "Post")
- Car guy takes it to a Porch dealer and says - fix it.
A high-five-figure bill is a certainty. Why?
- A senior, experienced, good Porsche Dealer tech is very unlikely to have specialized in 928s during their career. There just weren't enough 928s.
- I would certainly not expect a non-928-specialized technician to spend hundreds of 'off-book' hours over the course of years to gain sufficient knowledge to cost-effectively restore a 20+ year-old 928.
So, basically "Car Guy" pays for a Porsche Dealer tech to learn (somewhat) how to restore an old 928.
Like I wrote above. No one should be shocked here.
What we don't know is if that $75k bill is 'cost' or 'list.' If it's cost then the list bill could be $100k. If it's a list bill then the actual cost is closer to $60k.
We also don't know the labor rate or accounting mechanism used for the labor portion of the bill. Was the labor billed at cost or shop rate? Was it book time on the big jobs? Or was it hours expended?
Some things we do know:
$9000 crank
$1500 water pump
$1800 tensioner
The water pump is, in context, forgivable: A Porsche Dealer isn't going to get a Laso from Roger or a Guardian from Ed. We can only hope that they actually did use a new Porsche water pump rather than a rebuilt.
I find it difficult to believe that they absolutely needed to spend $9k on a crank. I suspect Greg or Mark has a shelf of good GTS cranks that could have been used for a lot less.
I find it unlikely that they needed a 'new' tensioner. I've only seen one tensioner (body) that required replacement. I happened to have a good used tensioner someone gave me when they Porkenized their 928.
Otherwise we know that the tensioner parts needed cost about what? $35.
Last, it sounds to me like they did all this work with the motor in the car. If so that was their second mistake. If a 928 needs a t-belt, OPG and cam covers (and of course the 'intake' refresh.) It is far more cost-effective to pull the motor.
As for the rest, the devil will be in the details of the bill.
--------
So, the video got a lot better by 12 min. I like the guy. He just needs to rehearse and have a better script. I'm glad he still has a job. Folks that *want* to do a good and thorough job seem to be getting thinner on the ground.
I don't see why folks are so surprised at a $75k bill. Here's the scenario as I see it:
- Car guy buys an 85+ Auto without doing enough research to uncover TBF syndrome
- Car guy doesn't do a very thorough PPI (where the first P is either "Pre" or "Post")
- Car guy takes it to a Porch dealer and says - fix it.
A high-five-figure bill is a certainty. Why?
- A senior, experienced, good Porsche Dealer tech is very unlikely to have specialized in 928s during their career. There just weren't enough 928s.
- I would certainly not expect a non-928-specialized technician to spend hundreds of 'off-book' hours over the course of years to gain sufficient knowledge to cost-effectively restore a 20+ year-old 928.
So, basically "Car Guy" pays for a Porsche Dealer tech to learn (somewhat) how to restore an old 928.
Like I wrote above. No one should be shocked here.
What we don't know is if that $75k bill is 'cost' or 'list.' If it's cost then the list bill could be $100k. If it's a list bill then the actual cost is closer to $60k.
We also don't know the labor rate or accounting mechanism used for the labor portion of the bill. Was the labor billed at cost or shop rate? Was it book time on the big jobs? Or was it hours expended?
Some things we do know:
$9000 crank
$1500 water pump
$1800 tensioner
The water pump is, in context, forgivable: A Porsche Dealer isn't going to get a Laso from Roger or a Guardian from Ed. We can only hope that they actually did use a new Porsche water pump rather than a rebuilt.
I find it difficult to believe that they absolutely needed to spend $9k on a crank. I suspect Greg or Mark has a shelf of good GTS cranks that could have been used for a lot less.
I find it unlikely that they needed a 'new' tensioner. I've only seen one tensioner (body) that required replacement. I happened to have a good used tensioner someone gave me when they Porkenized their 928.
Otherwise we know that the tensioner parts needed cost about what? $35.
Last, it sounds to me like they did all this work with the motor in the car. If so that was their second mistake. If a 928 needs a t-belt, OPG and cam covers (and of course the 'intake' refresh.) It is far more cost-effective to pull the motor.
As for the rest, the devil will be in the details of the bill.
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On first viewing it appears to be well presented BS. What did they bill their labor at? $500 per hour?
Without actually spending non-trivial time looking through the bill there is no way to determine the extent of what was actually done to that GTS and no way to judge how much 'learning' or 'padding' took place.
(*) Now that I think about it, they probably rebuilt the engine *twice*. The first time to do the belt and cam covers (and whatever else they did.) And the second time when they split the block to R&R the crank. (And that time they did, hopefully, pull the motor.)
Did they 'bill' the second rebuild? Or was it covered under warranty/goodwill?
And does anyone know the Canadian (or US) tax law for goodwill labor? Can it be written off as an expense by a dealer?
#22
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#24
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I had mixed emotions in watching the videos. At first, I thought this might be something that, at last, might help my wife 'understand' owning a 928. By the end, I was thinking I'd rather preserve her current level of ignorance.
#25
List parts prices are insane up here, I bet 40k of the 75k is purely parts. So then your looking at 233 hours, which is totally doable at a dealer.
I have seen several Canadian cars with 15-20k invoices that are an absolute joke. If you don't negotiate the parts you get totally soaked.
As far as the video goes, that just makes them look like rookies, both in the knowledge of the 928 and lack of skill while on camera.
#26
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Adam, do ya think they only paid $5k CDN for it off the boat from Japan? Or, in other words, how much money do we think they’re loosing?
#28
I'm gonna guess 10-15k all in landed in Canada. Maybe less maybe more, who knows as it might depend on how long it has been here since prices have been climbing. I found a few currently for sale in Japan but none show a price.
Last edited by Adamant1971; 11-22-2018 at 04:43 PM.
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If that 10-15k guess is true and they get their $80k for it, then they will not actually lose money as there’s profit in the restoration bill assuming that figure is based upon list prices for parts and full-up shop-rate labor.
#30
IMO trying to make money on any Japanese import is a losing proposition, unless it's something crazy like an early skyline or mazda cosmo.