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Price I paid?

 
Old 10-05-2010, 06:37 AM
  #1  
safulop
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Default Price I paid?

Hey all,

me again, blabbing about my 1987 S4.

This time, wondering about the price I paid, wanted to see what you all thought.

Of course it's all about the condition, so here goes:

Polar silver AT, 92,000 miles. Kept in perfect condition by original owner here in Fresno until 2005, including a beautiful repaint a while back. This base/clear paint is nearly perfect, except the front bumper which is a tad chipped. Interior is near-perfect and all-original, no cracks. Cloth seats with leather bolsters are perfect. Only problem is the notorious "shrink-away" of the rear quarter panel vinyl on one side.

The car then passed to a local collector who hardly drove it. 2500 miles in five years. It needs some service to make up for this, including timing belt and AC freon (he promised me $500 refund in case of major AC problem). He did upgrade the wheels to a nice set of 5-spokes from a Carrera.

Car was checked out as good by local Porsche (and 928) specialist.
Price paid, after discount for known service issues, was $9,100.

When I started hunting for a later 928 in exc. condition, I was shocked by the higher prices. I found two S4s for sale in the Bay area for over $18,000, and a GTS for sale in Texas for $50,000! When he offered to sell for under $10K I jumped on it.

Now on this list for the first time, however, I'm seeing cars traded for much lower prices, so I don't know anymore.

-Sean
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Old 10-05-2010, 07:20 AM
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Hilton
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In my opinion, you did it the right way round.

Paying 2-3k more for a car that is cosmetically excellent puts you way ahead. Those cheaper cars need all the same service and parts $$ that your car does, except that after that work, those owners are still another $10k+ from having a cosmetically excellent car.


Originally Posted by safulop View Post
Hey all,

me again, blabbing about my 1987 S4.

This time, wondering about the price I paid, wanted to see what you all thought.

Of course it's all about the condition, so here goes:

Polar silver AT, 92,000 miles. Kept in perfect condition by original owner here in Fresno until 2005, including a beautiful repaint a while back. This base/clear paint is nearly perfect, except the front bumper which is a tad chipped. Interior is near-perfect and all-original, no cracks. Cloth seats with leather bolsters are perfect. Only problem is the notorious "shrink-away" of the rear quarter panel vinyl on one side.

The car then passed to a local collector who hardly drove it. 2500 miles in five years. It needs some service to make up for this, including timing belt and AC freon (he promised me $500 refund in case of major AC problem). He did upgrade the wheels to a nice set of 5-spokes from a Carrera.

Car was checked out as good by local Porsche (and 928) specialist.
Price paid, after discount for known service issues, was $9,100.

When I started hunting for a later 928 in exc. condition, I was shocked by the higher prices. I found two S4s for sale in the Bay area for over $18,000, and a GTS for sale in Texas for $50,000! When he offered to sell for under $10K I jumped on it.

Now on this list for the first time, however, I'm seeing cars traded for much lower prices, so I don't know anymore.

-Sean
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Old 10-05-2010, 08:09 AM
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Reasonable price for a cosmetically good car that only needs routine deferred maintenance. Consider another $5k-ish for the deferred maint stuff and other surprises.
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Old 10-05-2010, 09:23 AM
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Reasonable price, pictures would help, repaint raises questions though.

Who was the specialist and what did he/she say about flexplate deflection / crankshaft endplay?

Is the collector / collection known publicly?
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Old 10-05-2010, 09:54 AM
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Marine Blue
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Cosmetics as others have said is very difficult and expensive to get right IMHO. Knowing the cars history also helps a ton. Seeing cars on the internet at a price doesn't really give you the full picture, you need to see the cars in person to really determine their condition.
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Old 10-05-2010, 10:55 AM
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I wouldn't fret over the purchase price. The way the auto market is going and 928 prices in particular it will likely be worth less a year from now.
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Old 10-05-2010, 10:59 AM
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cold_beer839
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Sounds like you paid in the ballpark price range, maybe better if everything mechanically is sound.
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Old 10-05-2010, 12:27 PM
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I would not have sold it that cheap FOR SURE! Cosmetics are a HUGE issue with these cars and as noted in several earlier posts very expensive to correct!

BTW, the rear Q panels don't shrink, on the LEATHER around them and it causes them to warp and buckle. So, yours must be leather. The vinyl covered ones do not shrink up and have problems. My GTS's are both vinyl and look perfect, my S4 is leather and both sides are pulled away from the body. Highly tinted windows though so you really don't see it! Thank goodness.
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Old 10-05-2010, 12:39 PM
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pics, pics, pics? Sounds like you did fine, also curious on why it needed a repaint? I'd make the TB & WP a priority....

'89 S4 GP White/Black
'76 912E Silver/Black
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Old 10-05-2010, 01:48 PM
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This thread....
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Old 10-05-2010, 01:54 PM
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Ya did good..and likely need less work than I do..

I just paid $4k for this:

http://www.flickr.com/photos/2880466...7624903151905/


Needs the top end, and front end work done, both halfshafts replaced, but..mechanically, Ive found nothing really wrong with it..yet.


Might take it to SF10, and ask for a write-in campaign for 'Best/luckiest value that still runs'.

Might win me a free oil filter???
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Old 10-05-2010, 01:56 PM
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Is worthless.....

'89 S4 GP White/Black
'76 912E Silver/Black
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Old 10-05-2010, 02:08 PM
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without
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Old 10-05-2010, 02:19 PM
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..pitchers.

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Old 10-05-2010, 02:29 PM
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James Bailey
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It makes little difference what you paid. That is the past and can not be changed. Buying used cars is rarely a good investment for most people( but better than buying new ones ) . We buy 928s because we WANT them. Enjoy the car, as noted making one look nice gets very expensive, very quickly. It was worth exactly what you paid for it since that is the ONLY definition of value that is REAL. Asking prices are just what someone hopes to get and would make them happy. When buying cars you do not want to make them that happy ...... recent Vette purchase the guy was asking 12 K I bought it for $9,000 he was only a little happy ! 55 Chevy was 12,500...paid 10k . 1985 Audi GT 62,000 one owner discounted from $1,800 to $1,500 but car is probably worth more like $3,000. It is better not to keep score on something like a 928 that you like and want because when /if you add up what you paid what you spent you end up upside down most of the time. But that is true of most cars they are liabilities not assets.
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