Found a 88 S4
#48
Rennlist Member
Thread Starter
Yup..now the work begins.
I'll start with the rear when I park it...both outter CV joint boots are toast, and those need done, and refresh rusted bolts/washers/crap back there as I can as well.
I'll start with the rear when I park it...both outter CV joint boots are toast, and those need done, and refresh rusted bolts/washers/crap back there as I can as well.
#49
Rennlist Member
Thread Starter
I got a forum Email that this was just posted here, but cant find it here:
=====
I enquired about this car myself. The problem is that it has a Lein title in California. This might not put you off, but it will put off many buyers.
From my experience, as soon as a used car does not have a clean title it's value drops by 33-50%. So you should take that into account - yes you can get this car cheap, but then you could spend 8K on it and the car will only be worth 1/2 to 2/3 of a 928 with a clean title.
Then there is the possibility that the car did not come with an Ohio title for good reason. It could be stolen or have an outstanding loan.
Have you run a carfax or autocheck check?
Maybe I'm unlucky but the first 2 928s I enquired about had serious history defects on Autocheck that the owners were not declaring. One had a junk title. Car looked great in the ad and I spoke to the owner for 1/2 hour on the phone, so he had plenty of time to volunteer the info.
So based on that experience I'd say it's essential to do a history check on any 928. Autocheck saved me a fortune in this case.
=====
I did research the Lein paperwork, and it was simply 'abandoned' by the Ohio owner, no theft record of any sort.
I have the DMV paperwork all in order after visiting them this AM to make sure all is well, and have my title on the way.
After some driving..the seats now ALL work in all 300 directions, the memory buttons now work, the mirrors do not yet move to my command..and the cruise control Ive discovered works.
And I just sold my 86 BMW K75 for $3k, which..all in all, feels like a good trade to a $4k S4.
New cap/rotor/plugs this weekend...
=====
I enquired about this car myself. The problem is that it has a Lein title in California. This might not put you off, but it will put off many buyers.
From my experience, as soon as a used car does not have a clean title it's value drops by 33-50%. So you should take that into account - yes you can get this car cheap, but then you could spend 8K on it and the car will only be worth 1/2 to 2/3 of a 928 with a clean title.
Then there is the possibility that the car did not come with an Ohio title for good reason. It could be stolen or have an outstanding loan.
Have you run a carfax or autocheck check?
Maybe I'm unlucky but the first 2 928s I enquired about had serious history defects on Autocheck that the owners were not declaring. One had a junk title. Car looked great in the ad and I spoke to the owner for 1/2 hour on the phone, so he had plenty of time to volunteer the info.
So based on that experience I'd say it's essential to do a history check on any 928. Autocheck saved me a fortune in this case.
=====
I did research the Lein paperwork, and it was simply 'abandoned' by the Ohio owner, no theft record of any sort.
I have the DMV paperwork all in order after visiting them this AM to make sure all is well, and have my title on the way.
After some driving..the seats now ALL work in all 300 directions, the memory buttons now work, the mirrors do not yet move to my command..and the cruise control Ive discovered works.
And I just sold my 86 BMW K75 for $3k, which..all in all, feels like a good trade to a $4k S4.
New cap/rotor/plugs this weekend...
#50
Rennlist Member
Beautiful car But, then again, It looks just like mine. I paid just a little more than you. I know i have another 3k to spend to get mine right. However, I just returned from a 3k mile trip and the car worked great. Didn't run all that well but averaged over 20mpg. I just can't wait to get started on the intake and other stuff it needs.
Keep me posted. I love the white with red interior. I intend to bring mine back perfect and enjoy every turn of the wrenches. I am selling my near perfect 79 Euro to take on this project.
After you do yours, that will be 2 white with lipstick red interiors that have been saved. On mine, I am assuming that it needs every maintenance item that the car could possibly need, and proceed from there. Just like on the 79, I will get them all done one of these days.
Good luck and enjoy the journey. Also, great buy.... Even if you have to replace the engine, you still got a great buy.
Keep me posted. I love the white with red interior. I intend to bring mine back perfect and enjoy every turn of the wrenches. I am selling my near perfect 79 Euro to take on this project.
After you do yours, that will be 2 white with lipstick red interiors that have been saved. On mine, I am assuming that it needs every maintenance item that the car could possibly need, and proceed from there. Just like on the 79, I will get them all done one of these days.
Good luck and enjoy the journey. Also, great buy.... Even if you have to replace the engine, you still got a great buy.
#51
Rennlist Member
Thread Starter
If it will not smog they can not sell it in California.......there are no provisions for AS IS.... If you "buy it" you can get whatever it needs fixed so it will smog and sue them for the cost. You can not sell cars with no smog certificate unless they are 1975 or older. Many sellers are not aware of the potential liability but it is very real.
James..Ive since learned, that a Pending Lien Sale in CA, specifically declares a vehicle as "as-is" and absolves the shop selling it, from any legal/safety/code responsibilities.
Just read this in the fine print of my paperwork, and thought it'd help the search function for someone in the future.
#52
Instructor
Join Date: Sep 2010
Location: San Francisco Bay Area, Santa Clara
Posts: 187
Likes: 0
Received 1 Like
on
1 Post
Yes I posted that post about the lien, and then realised you had already bought the car so decided it was rather unconstructive and deleted it. Anyway glad it's worked out - looks like I missed a bargain! Mine is being inspected this week, including the endfloat, so fingers crossed!
#53
Rennlist Member
Thread Starter
Yes I posted that post about the lien, and then realised you had already bought the car so decided it was rather unconstructive and deleted it. Anyway glad it's worked out - looks like I missed a bargain! Mine is being inspected this week, including the endfloat, so fingers crossed!
It was in no way nonconstructive...Ive found a LOT of old 'fluff' in searches, that turned into actionable material.
#54
Captain Obvious
Super User
Super User
Nice car for a very good price but what the shop did to get a title concerns me. Somehow it just doesn't sound right. They put a mechanic's lean on it, but there really wasn't one, it was just made up to get a title. Is this right? Can this ever come back and bite you in the a$$?
#55
Rennlist Member
Thread Starter
Nice car for a very good price but what the shop did to get a title concerns me. Somehow it just doesn't sound right. They put a mechanic's lean on it, but there really wasn't one, it was just made up to get a title. Is this right? Can this ever come back and bite you in the a$$?
I dont see how..someone sold the car to someone, they got $10k for it back in 2007, then when the car came off the trailer and there was no title..the paperwork shows $40/day in storage fees attempting to GET it, and the lien was placed for $2400 in storage fees attempting to find the seller and paperwork.
The state of CA had no problems with the papertrail behind it...now I have 10 days to complete my end of the paperwork, and will at AAA in the morning.
The Lien is also guaranteed via a Lien service in Livermore, that deals with a lot of these...they, as I understand from talking to them, are like a title guarantee service when buying a house, ensuring it's clear.
#56
Rennlist Member
Wierd stuff happens. When I got the basis of my speedster replica I got a real speedster title with it. The P.O. had a real speedster back when the were worth $5k or so, and sold it, but held onto the title until the check cleared. But the buyer never came back for the title. I would not dare doing anything with the title, but I am happy to have it.
#58
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Some people "advertise" on Craigs list that they can "help you" get a title. They are doing phony lien sales which requires creative documentation plus should the vehicle sell for more money than the lien the excess goes to the State as I recall. I tried to locate a 308 which my son in law sold a few years ago but was not reregistered/titled so he got the notice of lein sale...I went to the advertised sale location before the "sale" and also on the date and time of the "sale" Guess what no one was there .....who knew anything about a sale. Seems the building OWNER at one time had a Ferrari repair shop. He was at a different location...so I went there. They really did not want to talk to me seems they were closing the business relocating etc. etc. and apparently decided to "lein sale" a customers car...........why, because they could. No doubt a friend got a cheap Ferrari. It was worth 20 K when my son in law sold it !
#60
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
I have no idea what the owner of the Ferrari opted to do when he realized that he no longer had a car. Or that the shop had closed and moved. My son in law was out of the loop so were heard no more about it. Lein sales are common for tow yards, airport parking lots, shops with unpaid repair/storage bills to recover their costs. They are also abused/ missused on occasion, but you have the good title and you should be just fine.