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Guaging interest my 1993 GTS F.S. LONG WRITEUP

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Old 11-16-2007 | 02:45 PM
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Question Guaging interest my 1993 GTS F.S. LONG WRITEUP

1993 Porsche 928 GTS, Rebuilt title, red, auto, just under 95000 miles, current Pa inspection. I bought this car as a rebuild project a few years ago. Replaced front clip.

Exterior and Mechanical THE GOOD
Ron Davis all aluminum racing radiator
New steering rack
New alternator
New starter
New battery with battery tender
New antenna
Motorsport stainless steel crossover with high flow cats/straight pipes
Fresh plugs, wires, cam sensor, water pump, timing belt, thermostat, new belts, all vacuum hoses replaced. New upgraded hose for outside temp sensor in drivers fender well. New rubber grommets for brake reservoir.
Good brakes all around. 2 newer tires in front. Mobil 1 synthetic 20/50 motor oil.
Intake and valve covers powder coated wrinke black finish. Timing belt covers powder coated gloss black. Thermostat cover powder coated gloss silver.
Transmission serviced and traction control system serviced. Silicon oil pan gasket from 928Rus. Original wheels with tire pressure sensors. RDK sensor computer disconnected.
Wheel alignment done. Air conditioning serviced. New sound deadening material under hood. New hood struts. New rear lower hatch lock and rear hatch seal.

Interior THE GOOD
Interior completely re-carpeted with brand new GAHH black.
Brand new still in the box Lloyd floor mats with red Porsche GTS stitching.
Stainless sill plate covers with GTS black lettering from Nicole.
No cracks in dash.
Door panels recovered with new vinyl and carpeting. New expanded center console storage box newly recovered. Red LED lighting installed under center shift pattern.
Two new VW passat black interior dome lights installed with correct harnesses.
First rate stereo system. Alpine competition head unit with CD player and Alpine 5 channel amp. Eclipse 10 inch aluminum sub woofer. Doors have Diamond Audio separates with soft dome tweeters. Behind seats is Morel 6.5 inch separates with soft dome tweeters. Rear speakers are Boston Acoustics. Sub and amp boxes started to be built but never finished. Comes with extra yards of GAHH carpeting to cover boxes.

THE BAD
Car needs paint
Front bumper cover may want to be replaced before painting.
Rear bumper cover may want to be replaced before painting
Stereo asthetics as far as speaker covering needs to be completed
Needs one headlight assembly, has crack.
Interior pillar covers need to be adjusted/ reinstalled.
Guage pod has minimal cracking, and should be removed and reinstalled. One light bulb is out in dash.
On cold startup the transmission does not have crisp shifts, but rather has long slipping shifts until warm then functions perfectly for the rest of the day. ?Adjustment?
Needs 2 rear tires.
Air conditioning compressor is leaking oil
There are two electrical glitches in the car. In the instrument cluster, a glitch happens occasionally. After about a minute or so it goes back to normal. Also, the rear hatch release works but the cycling part of it blows a fuse. I think it may be due to the upper hatch assembly being worn.

Summary:
I am a perfectionist and no expense was spared to bring this car back on the road to new condition. I am thinking of selling because I have a 17 month old daughter and a new baby due in June. I have no time or money left to finish this car. I am also looking to move out of state next year and would rather not take any of my current projects with me. This car is 90% completed and needs minimal work to be finished. ALL electrical functions in this car work correctly except for the 2 glitches listed above! Captain Earl Gilstrom has done a lot of the work on this car. I would like to thank him for his dedication to preserving these wonderful cars. Pictures have not yet been taken but I will be able to post after the Thanksgiving holiday weekend is over. Please feel free to come see the car and talk or email at potsiewebber@comcast.net. I live in Collegeville Pa 19426. Phone is 484-919-0484. I probably have 30K into this car but am interested to know what educated 928 consumers think it would be worth. I am guessing around 20K. Let me know comments.
Old 11-16-2007 | 07:46 PM
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If you are selling then please list an asking price.
Old 11-16-2007 | 08:53 PM
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He is just gauging the market, not looking for offers,seems ok to me.
Old 11-16-2007 | 09:05 PM
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So it's not for sale unless someone want's to buy it, in which case it's not for sale because it's sold.

Checkmate.
Old 11-16-2007 | 09:32 PM
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Put it on Ebay and you will have the value...
Old 11-16-2007 | 09:36 PM
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I would give the car about 10-14k given the description.
Old 11-16-2007 | 10:17 PM
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Just to give you an idea...

I also have a 93 GTS. It's also Guards Red with an AT. Mileage is low 80's.

It's been in a minor fender bender, but has a regular title, not a salvage.

I bought it for 28K and have put another 28K into it bringing it back to near pristine condition.

However, it also could use a paint job. It doesn't need one badly - but there are a few rock chips, a scratched area on the underside of the rear bumper cover, and a very small area of overspray. It's a classic 10-footer. Overall, paint is probably an 8 on a scale of 10.

Interior is also brand new, including carpet, mats, and front seat leathers. It is mechanically flawless - except for the cracked and leaking tranny cooling line that is being replaced as we speak. It has never let me down in my 4 years of ownership. It also has the Lomas X-pipe.

I actually listed it for sale a year ago - asked 32K, would have taken 30K. Didn't get any bites near that range.

I think you and I will have to be happy with the internal satisfaction and fulfillment of having brought a fine car back to fine condition.
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Old 11-16-2007 | 10:18 PM
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I heard today that there was a 1995 GTS that sold locally in an auction...buy it now was $18500. I almost popped my buddy in the jaw for not telling me sooner. Needless to say, I missed the auction.

That being said, I think these guys may be right on with the value of your 93. The 93's were the dog's of GTS's to begin with...nothing more than a complete headache and a pile of expensive bolts. I am surprised anyone even wants one...they should have destroyed all cars of that year. They finally worked out all of the issues by 95

Cut your losses now and dump the car. Your daughter will only appreciate in value as time goes on...the GTS won't.
Old 11-16-2007 | 10:50 PM
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Originally Posted by Keith
The 93's were the dog's of GTS's to begin with...nothing more than a complete headache and a pile of expensive bolts. I am surprised anyone even wants one...they should have destroyed all cars of that year.
Thanks for the warning Keith. I just pushed mine over a cliff and will call the insurance co in the morning.
Old 11-16-2007 | 10:58 PM
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Charley, can I have whatevers left?
Old 11-17-2007 | 12:24 AM
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Originally Posted by 928ntslow
I heard today that there was a 1995 GTS that sold locally in an auction...buy it now was $18500. I almost popped my buddy in the jaw for not telling me sooner. Needless to say, I missed the auction.

That being said, I think these guys may be right on with the value of your 93. The 93's were the dog's of GTS's to begin with...nothing more than a complete headache and a pile of expensive bolts. I am surprised anyone even wants one...they should have destroyed all cars of that year. They finally worked out all of the issues by 95

Cut your losses now and dump the car. Your daughter will only appreciate in value as time goes on...the GTS won't.
Guys
I hate to admit that Keith is right....we had a lengthy discussion about how much 93 GTS's ultimately suck, especially 5 speeds...... Being the nice guy that I am I offered to trade Keith his pathetic 93 GTS for my prisitine 88 auto as a straight trade + he gave me $10k cash......which I figure it will cost me to bring the GTS up to snuff!
Old 11-17-2007 | 03:06 AM
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Originally Posted by Kevin Michael
I would give the car about 10-14k given the description.
Keith,

You are being optimistic. The car has a bit of history. It is a California car and was hit early on in the rear and totaled. For a late model GTS to be totaled takes a pretty good hit. This is part of the reason the rear hatch does not close correctly and probably leaks as well.

The car then was rebuilt on a salvage title and ended up in Chicago where is was hit hard in the front and sold a wreck a couple of times on eBay. It sat a few years between each rebuild.

If the car tracks correctly it will be a miracle. The front end was cut off an 87 S4 and welded on to the front of the GTS. The cut was made behind the front strut posts to save the expense of a frame machine. The carpets were replaced because the original carpets were damaged by the welding on the new front clip.

As far as needing paint this will probably be the third or fourth paint job. It is impossible to get a good job on paint without stripping the old paint. Paint systems have changed over the years and no quality shop will take the chance of problems without knowing what is underneath. Once the paint is stripped the old body work will be exposed. Assuming there is plastic (a good assumption with this one) there is a question if it was applied correctly. It was partly applied over the paint or is just old it will have to be stripped as well and the body work redone.

A good paint job on a 928 runs $9k to $10K with the extra body work the price will go higher.

The value in the GTS is in the limited number made. It is too bad so much money was put in what is essentially a parts car. This car will never have collectors value. Worse the cost of GTS parts for future repairs creates an ongoing expense that will never be recovered. A 93 GTS with an auto with 100K miles is worth around $23K. Take $10K away for the salvage title and still you are probably paying too much.

I have owned a number of body shops over the years and put together hundreds of cars. Done right a total wreck can be recovered from the clutches of the insurance company and the crusher, but even when done right they are never perfect. There are always things that do not quite line up correctly. Done poorly and the car will crab down the road sideways wearing out tires at an alarming rate, leak from every corner and have ongoing electrical nightmares. If this was a 78 or even an early S4 who would care. There are many around and you can get some service out of the car before parting it out. But with a GTS I think the average buyer is expecting the exceptional. Of course I could be wrong.

James, good luck with the car. I am not criticizing you, but just sharing with the list what is known about the car. The 928 community is small and others have the right to full disclosure. The best with the new family. I gladly traded my first 928 for a family and never once regretted one minute.

Dan the Pod Guy
Old 11-17-2007 | 04:24 AM
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Wow Dan, thanks for sharing that info! You're right, that was optimistic thinking that 14k/15K would be a good number. I now say half that as it is truly a parts car.

Potsiewebber, that is not a good thing to do, ESPECIALLY to the people of the Rennlist in not disclosing the full story...if you knew this. If you did, I don't think I would ever want to deal with you or see any one on this list deal with you. I do hope you have a respectable account for why you had not mentioned this in your lengthy, "all inclusive" post.
Old 11-17-2007 | 09:57 AM
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which 93 GTS is it? if this is all true, it sounds like i need to add some info regarding this cars history.
Old 11-17-2007 | 01:56 PM
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Originally Posted by 928ntslow
I heard today that there was a 1995 GTS that sold locally in an auction...buy it now was $18500. I almost popped my buddy in the jaw for not telling me sooner. Needless to say, I missed the auction.

That being said, I think these guys may be right on with the value of your 93. The 93's were the dog's of GTS's to begin with...nothing more than a complete headache and a pile of expensive bolts. I am surprised anyone even wants one...they should have destroyed all cars of that year. They finally worked out all of the issues by 95

Cut your losses now and dump the car. Your daughter will only appreciate in value as time goes on...the GTS won't.
Why is this continually being said?

Am I so lucky to have the only trouble free 93 5 speed? 10k miles since I purchased it and nothing but routine upkeep and a tapping lifter that is no longer an issue. Not to mention all records from day one showing nothing but routine upkeep and 5 batteries a broken hood release 4 times and thats about it.

Am I missing something? Other 93 owners I know seem to be having the same experience i am so whats up?


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