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928 Home Run?

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Old Nov 29, 2008 | 02:07 AM
  #1  
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Default 928 Home Run?

Y'all remember this car? The guy posted here a few times after he got it. Seems like he paid well south of $20k, but I can't remember. Said he thought about selling it on his last post here, but would never go to ebay with it because he 'didn't have to sell it'. Guess he wants to flip it and turn some cash. Yeah, I guess it must be tough to own one for a whole 4 months and then be ripped apart inside when you have to sell it and make $10k, blah blah blah....

http://cgi.ebay.com/ebaymotors/Cars-...1%7C240%3A1318

Last edited by cold_beer839; Nov 29, 2008 at 02:30 AM.
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Old Nov 29, 2008 | 02:32 AM
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Originally Posted by cold_beer839
Y'all remember this car? The guy posted here a few times after he got it. Seems like he paid well south of $20k, but I can't remember. Said he thought about selling it on his last post here, but would never go to ebay with it because he 'didn't have to sell it'. Guess he wants to flip it and turn some cash. Yeah, I guess it must be tough to own one for a whole 4 months and then be ripped apart inside when you have to sell it and make $10k, blah blah blah....

http://cgi.ebay.com/ebaymotors/Cars-...1%7C240%3A1318
Here's the original post, same user-name as the eBay ad: https://rennlist.com/forums/928-forum/450078-just-bought-my-first-porsche.html
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Old Nov 29, 2008 | 04:17 AM
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Loose speedometer cable?, what's the guy think he's selling, a VW Bug?
I'd be very curious to see if the car had option code 498 (rear designation delete), its odd seeing a low mileage car without proper badging on the rear.
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Old Nov 29, 2008 | 08:28 AM
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Selling a 928 for a profit. What a novel idea, especially in this market. I wish him well.
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Old Nov 29, 2008 | 10:59 AM
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he needs to keep the car and dump the wife to be
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Old Nov 29, 2008 | 11:11 AM
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I hope he gets a good price for the car. In spite of the idea that everyone should lose money on cars that they buy and sell, this one is likely a great buy at $20k where his bidding starts. His BIN at $29k is getting into the range where one could buy a GTS with higher mileage.

Someone could get a great car for a good price. Right now cash is king when dealing, and there will be more and more interesting rides hitting the market at lowball prices. This one was purchased well, but the market has changed enough that he might break even. The timing is wrong, but maybe someone will see the vaue and snap this one up.
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Old Nov 29, 2008 | 11:35 AM
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Originally Posted by atb
...
I'd be very curious to see if the car had option code 498 (rear designation delete), its odd seeing a low mileage car without proper badging on the rear.
It's on the window-sticker in the eBay ad, "Delete rear model designation". I always thought it was a dealer-option, our '88 came with neither badging nor option-code.

It's a beautiful car. It would be nice to think that cherry low-mile s4's were worth that sort of money, and I wish him well-- but I think it is delusional in the current market.

Cheers,
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Old Nov 29, 2008 | 11:50 AM
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Okay so lets say he gets $29.5K.....is this 928 $12k nicer than mine.......I seriously doubt it....the major problem with super low mile cars (other than the fact they don't get driven) is nothing major has been replaced....which means it can quickly turn into a MAJOR money pit..... vs my 88 where just about everything has been replaced....and its actually driven!!
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Old Nov 29, 2008 | 12:38 PM
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The engine is stunning.
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Old Nov 29, 2008 | 12:45 PM
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Brian,

You are wrong there buddy. Kermit with 1426 miles (or so) and Blue82 with 3614 miles BOTH have all new belts, hoses and H2O pumps! Not to mention all new fluids!

That is a REALLY nice car, but I have a GTS I'd sell you that is within inches of being that nice and has 50,800 miles on the clock! I'd let it go for $40k even! Only $10k more for a car you won't mind driving and that is MUCH faster and IMHO better looking too!
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Old Nov 29, 2008 | 05:30 PM
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Originally Posted by IcemanG17
Okay so lets say he gets $29.5K.....is this 928 $12k nicer than mine.......I seriously doubt it....the major problem with super low mile cars (other than the fact they don't get driven) is nothing major has been replaced....which means it can quickly turn into a MAJOR money pit..... vs my 88 where just about everything has been replaced....and its actually driven!!
On top of what James mentions, the seller states that the timing belt was inspected as part of a PPI. His list of things checked is superficial, lights and all, and a car like this probably deserves a more thorough mechanical PPI. That said though, if it was maintained at VP as the seller suggests, and with the low miles, it's likely OK to buy and have transported home again. Then start at the top of the replace-due-to-age-or-mileage list and send your parts order to your favorite supplier. Soft parts are generally in this category. Hard parts wear with miles, and with those low miles numbers I wouldn't worry much about them.

Brian--

You are correct that someone would be better buying your car (or mine) if they wanted a really nice driver. Geting an almost 20 year old ultra-low miles car like this and using it as a driver would arguably be a waste of money. I know I have managed to keep my driving to 4-6k a year, but the years pile up and soon I find my 22k barn-find showing over 80k. Good news is that it shows a lot worse on the odometer than it does on the rest of the car.

Our local PCA monthly had an interesting comparo, looking at using a somewhat rare 356 as a driver vs a new Carrera. The first-five-years depreciation on the new car pushes it way past the cost of driving the rarer bathtub. Yet most of us would instictively enshrine the old car and drive the new one because we know a replacement for the new Carrera is just a checkbook entry away if it's damaged or gets worn out. I guess that I'm sticking to the idea that you can only get your value returned by driving these cars. Get something cheaper to use as a garage-queen art piece.


----

Had brunch with Barry Meguiar and his extended family a few weeks ago. Sat with his daughter and grand-daughter at a charity event he hosted. It was not a car-guys event at all, but of course the subject came up. Precious few at the table showed much respect for automobiles as engineering art forms. They all drive nice cars in that socio-economic strata, but treat them as expensive but disposable tools. That's really the way the bulk of the population feel. Many of us poor folks look at fine cars as art because we associate them with something we may consider just out of reach sometime in our lives. I guess for me, not being as immortal as I used to be, it's better to drive the enjoyment out of my piece of art. It doesn't seem to diminish the value near as fast as I use it.
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Old Nov 29, 2008 | 08:48 PM
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GUYS...If I'm reading the ad right he can't Guarantee the "low" mileage is correct......so......Its a beautiful car in what looks like very nice shape but doesn't someone here on Rennlist have a Gray GTS for cheaper money in just as nice shape??? I'm not real warm and cozy on thinking this car has 16K miles...its could.
That being said...when a car gets to this age and older , mileage means NOTHING to me.....its condition if your looking for a car to drive. That excludes Kermit and Blue82 and a hand full of others I don't know about.

Last edited by Dean_Fuller; Nov 29, 2008 at 09:30 PM.
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Old Nov 30, 2008 | 05:10 PM
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I agree with you on this point Dean. No doubt about it!
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