EMan 928

George, I think your car is worth 45k+...beautiful color, top notch care by you and a GT.

Cool thread. What do you guys think Turq is worth? I can take it.

91 S4 with GTS rear quarter panels
Sunroof delete
GTS mirrors and body color wing
GB Stroker 6.5 liter, fuel lines, improved AC
GB headers/exhaust system
Great paint-9.8 out of 10
Paul Champagne interior laser etched Pascha

106k mikes on chassis. 2k on engine.

928 GT R

Eric,

I have not had the pleasure of seeing Turq, but from what I have heard you are well above 100k and I can't wait to see it in person as soon as we end this winters hibernation...

the flyin' scotsman

thanks Joe, not only do I pad the wallet the wife is happy I sold one of the cars, LOL

Wisconsin Joe

Interesting.

I think the 'non-original' bits would take it out of the collector market. But then again, so would the miles.

I would say that a GB stroker & Champagne interior are two alterations that would increase value.

Laser etched leather Pascha. Mmmmmmmmmmmm. (insert Homer Simpson 'dounts' moan here)

Super special color, sunroof delete & aero mirrors would also increase the value, even though the latter 2 are alterations.

This is one of a very few cars that I would put above 6 figures, Not sure how far above but definitely above.

And in the 'Captain Obvious' department, that sort of price would take the 'correct' buyer. I don't think it would see that sort of number at an auction. It would likely have to be on the market for some time.

polecat702

What is it with wives that want us to sell our cars, are they that jealous and shallow, to compare themselves to a machine? Dee, has never been like that, she's always been supportive of my hobby. The motorcycles attracted a certain type of ****, she didn't like that aspect of the HAMC lifestyle. But she has always enjoyed riding with me.

FWIW, the cars were a hobby, motorcycles were a fact of life.

polecat702

I know what was spent to build the Turquiose car, It and it's brother the Maroon car are about as close to a new 928 as were available at the time. Both were rebuilt as cost was no object project. You're car is worth north of 100K, considering it couldn't be duplicated for that price today. It's unique, Eric

Wisconsin Joe

Well, I need to bump this.

First off, the car is NOT for sale. I've been talking with my insurance agent and going with an 'antique' classification will save me some money. It has restrictions that I'm willing to live with, but they want a valuation (stated value policy, not agreed).
I got an appraisal from the Porsche dealer for my 944 when I first got it. I may (or may not) see if they still do that for free.
I'm going to check Hagerty, and see what other kind of 'valuation tools' are out there (open to suggestions).

But I thought this might be a place to get an idea.

Soooo...

85 S2.Euro. German delivered, federalized in 86 in New Jersey. Moss Green metallic, Grey/Green interior.
Thread with pics from when I got it:
https://rennlist.com/forums/928-foru...o-screwed.html

Mileage is TMU. No clue if the miles were transferred when it was federalized, and odo was broken when I got it. Odo read 61k at the time, had been broken for a year and a half when I got it (records from PO showed same mileage on several invoices over that time). Guessing there was 5k or so unrecorded on it at that time. I've put another 20 on it, so 'best guess' miles are something under 90k. (overall wear & tear support this).

Body is 'sorta rough'. Fair amount of small scratches, a series of dents across the hood & right fender (something fell across it at some point), fist sized dent right rear fender. Pics in my "hello" thread linked above show some of the issues (including the dent). Bumper lights are now correct Euro fog/driving lights. H4 headlights. I have a Euro rear bumper that I got from Mark (no rubber 'bumperettes' and has rear fog light). It needs to be painted and installed.

Interior is 'decent'. Dash has lots of cracks, pod has one all the way across. Rear seats are pretty good, fronts are ok. No major wear, no tears.Scratches & worn areas in pics have been touched up with Leatherique dye and look ok. Carpets good. New Lloyds mat in rear hatch area (says '928GTS' even though it's not one). Complete tool kit. Pics in thread show dash with no stereo or clock, and holes in doors. Currently has Alpine head unit, speakers in doors, oil & trans temp gauges in clock area. Momo wheel.

Mechanical is good to pretty good. Engine in great shape. Newer pan gasket & MMs (2013), Cam seals, cam gears oil pump gear, belt & PKT coolant hoses power steering reservoir done 2015. New shocks (Sachs, Boge equivalent) and new Conti Extreme Contact DW tires just done. Polished 7" MHC wheels all the way around.

I'm thinking a realistic value would be $15k or so. Or is that a bit high?

Jason89s4

I've used Hagerty for over a dozen different cars of all makes/models/ages, including the current S4. Each time they asked me what I wanted the stated value to be, and I told them a number, and they said "okay." One time I told the agent "Lets go with $10,000" and she said "why not just make it $15,000." Their rates are obviously going to be higher for a higher stated values, but I've found them comparatively low regardless.
Point is, I don't think you have to give too much thought to it, just come up with a reasonable number that you can live with if the car just disappeared and you had a check in your hand instead. Hagerty does ask for pictures of your car before issuing the policy--I'm guessing this is their way of checking to make sure you aren't going completely overboard. (And with trucks they ask for a picture of the inside of the bed?)
Anyway, I've been a Hagerty customer for many, many years and have no complaints.
Jason

Red Flash

Joe, I think you might be slightly on the high side. There seem to be a lot of cosmetic issues to address. That in addition to the fact that all 928s at this age need an engine out refresh. (OK, I admit this is just my approach to dealing with these cars I guess. Docmirror for example would be much more pragmatic.)

BUT, if there was one positive thing now about this thread it gave me the chance to read over the thread when you bought your car and the other related threads. I really like the color combo and the car. A later EURO S is one of the most desirable models for me, and I always love to ready about EURO S cars. Good you are planning on continuing to enjoy it.

928 GT R

Personally, I think that promoting the notion that all 928's "need an engine-out refresh" is destructive to the value of all 928's. Engine out refreshes are well into the $15,000 range and thus imply negative value for many cars that obviously are great drivers and a lot of fun for their owners.

I have two 928 GT's with over 145 thousand miles on them and I would not hesitate to drive either one across the country. The GTS I would not drive simply because it has low miles and is a garage queen, mechanically it is good to go.

Docmirror and I would clearly agree on this, and I'm wondering how many others think the same way?

mike77

For insurance purposes I would get it valued as high as possible (within reason) for the agreed value. I had a full payout several years ago for over double what I paid for the car. Here in the UK insurers will accept a valuation from a car club.

voskian

Currently doing a "non engine out" refresh with Dave C (worf928). TB, WP, Tensioner, intake refresh (all sensors, etc), Fuel lines, HP PS lines, all fluids, etc. Will not paint/powder coat intake and cam covers as they still look good with no chipping. All hardware cad plating still good so no replating of hardware. Car has 47K miles and is all original (except wheels and radio), and as they say, it's only original once!

Wisconsin Joe

Well thanks for the honest answer (not being snarky, I really appreciate it).
I'm glad you enjoyed reading those old threads. So did I
It's hard to believe that I've owned it for 6 years now. I agree that an S2 Euro is an amazing car, and while I probably wouldn't have chosen a Green/Green car, the color has definitely grown on me.

You are correct that it has cosmetic issues.

AFAIK, head gaskets are original. Cam towers are leaking just a bit. Engine out reseal (crank seals front & back, cam towers and HGs) is on the horizon. WP was done by PO, genuine Porsche. Intake refresh, including a new MAF at the same time.

Hagerty says a '#3' car is $19k, and a '#4' is $7100. I'd put mine somewhere in the middle.

This will be a 'stated value' policy, not an 'agreed value'. I enjoy my car too much for an agreed policy to work. Too many restrictions.

For those who haven't been through this, an 'agreed' policy is just that. The owner & ins co agree on the value. They will pay that value. They don't care if it's really worth that or not. Policy price is based on that value.
'Stated' policy is more like a regular policy, where there isn't a decent 'blue book' value on the car. The stated value is equivalent to the book value. That's the top value the ins co will pay out, but the adjuster will examine the car and make an appraisal.

Red Flash

I hope I did not make the impression that Joe's car is negative value. I see it around 13'500 to 14'200. So, slightly less than what he was thinking.

With regard to value I was saying something rather different. For me, the equation for all older cars looks like this:
(selling price) + (enjoyment from driving, owning, working on) = (buying price) + (parts purchased) + (work contracted out)

The enjoyment part is very subjective. I find very high enjoyment but my particular use case of the cars requires a high level of reliability. Also, I don't enjoy thinking something isn't maintained to a rather high level. That's me.

Regarding the engine out comment, this is of course only valid if no other work has been done. Bob's car is already at high level, so an engine out approach could really be labled overkill.

So, I am not very pragmatic with regards to all this. I admit that, and I admire people like Docmirror for the spirit of the approach and overall knowledge!

Hope this clarifies the rather cryptic previous post.

Wisconsin Joe

I didn't take it that way at all.

I fully agree that the 'enjoyment value' is totally subjective. The actual cost of the car (purchase price plus parts cost plus labor paid for) is pretty irrelevant. It's pretty rare that the car is worth what's been put into it (the 88 track car that is up for sale is a good example of this).
When I first got my car, I needed some stuff. Little stuff (interior *****, jump post cap & cover, odo gear). So, following the suggestions on here I called down to Texas & talked to this really odd British fellow
He referenced an 'investment' in the car. I disagreed, saying that this car was a really poor financial investment. He (very correctly) pointed out that the 'return on investment' for these cars is not financial, but 'enjoyment'.

I'm just looking more for a realistic replacement value for the insurance company. It's harder for this car because I seem to find that there were only about 500 Euro S2s brought over during the 'grey market' days.

And the plan involving 'engine out' is mainly because working on a 16v car particularly the Cam towers & heads, is 'more than a little bit' difficult with the engine in place.