91 5 spd up for Insurance auction
09-26-2013, 05:45 PM
#32
Archive Gatekeeper
Rennlist Member
Rennlist Member
Is it really that much money? How much of a 356 can you buy for 12.5K? One that was just dredged out of a lake? Or an early 911?
Yes, 12.5K is all the money for that car if in fact it's a parts car. So the market has spoken about it's worth as a parts car.
But what if it _isn't_ a parts car?
What if it's a fender, hood, and front bumper cover away from being a really nice driver? 15-16 K all in for a sub 75K mile, unusual color '91 GT? No downside to this purchase either way, just a matter of time and space.
We are our own worst enemies when it comes to supporting the marque, gentlemen.....
Yes, 12.5K is all the money for that car if in fact it's a parts car. So the market has spoken about it's worth as a parts car.
But what if it _isn't_ a parts car?
What if it's a fender, hood, and front bumper cover away from being a really nice driver? 15-16 K all in for a sub 75K mile, unusual color '91 GT? No downside to this purchase either way, just a matter of time and space. We are our own worst enemies when it comes to supporting the marque, gentlemen.....
09-26-2013, 06:12 PM
#33
Instructor
If the buyer documents the real story of the damage, the repairs, and all the parts required, I think it's a steal, salvage title or not.
Eventually these cars will go from being "unusual" to being "really quite rare", at which point the distinctions about title branding become less important than the folio which should accompany any car worth having. We may not be at that point yet but it'll come.
When I bought mine I assumed it would require a certain low level of ongoing fettling. What I wanted was a car where I could check off all the things I knew *wouldn't* need immediate attention. Coming from a different platform and having to learn to speak 928 in short order is an intimidating transition to make, and I didn't want to have my hand forced at an unacceptable rate, knowing that I can only find time to do certain jobs at a certain frequency along the way.
Clean cars, cars worth preserving or restoring, and cars that themselves become useful ambassadors are all worth buying at a premium. Rather than approaching any given listing with an attempt to justify a reduced value, look instead for how close it is to justifying an *even higher* price. Create demand by fueling a dialogue able to find and justify that demand, and the standing of the cars overall will rise.
Eventually these cars will go from being "unusual" to being "really quite rare", at which point the distinctions about title branding become less important than the folio which should accompany any car worth having. We may not be at that point yet but it'll come.
When I bought mine I assumed it would require a certain low level of ongoing fettling. What I wanted was a car where I could check off all the things I knew *wouldn't* need immediate attention. Coming from a different platform and having to learn to speak 928 in short order is an intimidating transition to make, and I didn't want to have my hand forced at an unacceptable rate, knowing that I can only find time to do certain jobs at a certain frequency along the way.
Clean cars, cars worth preserving or restoring, and cars that themselves become useful ambassadors are all worth buying at a premium. Rather than approaching any given listing with an attempt to justify a reduced value, look instead for how close it is to justifying an *even higher* price. Create demand by fueling a dialogue able to find and justify that demand, and the standing of the cars overall will rise.
09-26-2013, 07:05 PM
#34
Instructor
Thread Starter
If the buyer documents the real story of the damage, the repairs, and all the parts required, I think it's a steal, salvage title or not.
Eventually these cars will go from being "unusual" to being "really quite rare", at which point the distinctions about title branding become less important than the folio which should accompany any car worth having. We may not be at that point yet but it'll come.
When I bought mine I assumed it would require a certain low level of ongoing fettling. What I wanted was a car where I could check off all the things I knew *wouldn't* need immediate attention. Coming from a different platform and having to learn to speak 928 in short order is an intimidating transition to make, and I didn't want to have my hand forced at an unacceptable rate, knowing that I can only find time to do certain jobs at a certain frequency along the way.
Clean cars, cars worth preserving or restoring, and cars that themselves become useful ambassadors are all worth buying at a premium. Rather than approaching any given listing with an attempt to justify a reduced value, look instead for how close it is to justifying an *even higher* price. Create demand by fueling a dialogue able to find and justify that demand, and the standing of the cars overall will rise.
Eventually these cars will go from being "unusual" to being "really quite rare", at which point the distinctions about title branding become less important than the folio which should accompany any car worth having. We may not be at that point yet but it'll come.
When I bought mine I assumed it would require a certain low level of ongoing fettling. What I wanted was a car where I could check off all the things I knew *wouldn't* need immediate attention. Coming from a different platform and having to learn to speak 928 in short order is an intimidating transition to make, and I didn't want to have my hand forced at an unacceptable rate, knowing that I can only find time to do certain jobs at a certain frequency along the way.
Clean cars, cars worth preserving or restoring, and cars that themselves become useful ambassadors are all worth buying at a premium. Rather than approaching any given listing with an attempt to justify a reduced value, look instead for how close it is to justifying an *even higher* price. Create demand by fueling a dialogue able to find and justify that demand, and the standing of the cars overall will rise.
Bilal..were you the winning bidder??
09-26-2013, 08:48 PM
#38
Three Wheelin'
Makes me feel good about my 89GT salvage title. Its a theft recovery vehicle with 50K that I paid
4K for. I finally have all the correct pieces to put the engine back together again.
4K for. I finally have all the correct pieces to put the engine back together again.
09-27-2013, 05:09 AM
#42
Rennlist Member
Is it really that much money? How much of a 356 can you buy for 12.5K? One that was just dredged out of a lake? Or an early 911?
Yes, 12.5K is all the money for that car if in fact it's a parts car. So the market has spoken about it's worth as a parts car.
But what if it _isn't_ a parts car? What if it's a fender, hood, and front bumper cover away from being a really nice driver? 15-16 K all in for a sub 75K mile, unusual color '91 GT? No downside to this purchase either way, just a matter of time and space.
We are our own worst enemies when it comes to supporting the marque, gentlemen.....
Yes, 12.5K is all the money for that car if in fact it's a parts car. So the market has spoken about it's worth as a parts car.
But what if it _isn't_ a parts car?
What if it's a fender, hood, and front bumper cover away from being a really nice driver? 15-16 K all in for a sub 75K mile, unusual color '91 GT? No downside to this purchase either way, just a matter of time and space. We are our own worst enemies when it comes to supporting the marque, gentlemen.....
Well put!
Hopefully this price reflects some additional "good will" to the [distraught?] current owner rather than a middle man getting a bigger wadge but whatever. Hopefully it will get back on the road with another fellow Rennlister.
Regards
Fred