Anybody know this 87 In KY?
#1
Racer
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Location: Germantown, TN
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Anybody know this 87 In KY?
It is beautiful and the mileage checks out. There is an insurance co total loss on carfax from 2002 but thousands of presumably happy miles put on since then.
http://nashville.craigslist.org/cto/4386348228.html
http://nashville.craigslist.org/cto/4386348228.html
#3
Drifting
Wow, Sport Seats, lower mileage, GTS mirror, and red wing. If all else checks out I wouldn't expect it to be on the market long. Looks like someone has been paying to store it so I'm guessing the paint is good, but who knows for sure. I have a red 87 auto and think if it were totalled today, I'd use my insurance check to snag this one post TBF testing.
#4
Nordschleife Master
The title may well be "clean", even after a salvage/total.
Depending on the state, the car can be rebuilt and get a good title. Some places 'brand' the title as a "Salvage Rebuild" (Wisconsin does that), others just give it a new "clean" title.
Make sure you check that out. If it has a salvage title, no insurance company will pay a claim on it. They will say that the car was already totaled and paid for, and they won't pay twice.
Depending on the state, the car can be rebuilt and get a good title. Some places 'brand' the title as a "Salvage Rebuild" (Wisconsin does that), others just give it a new "clean" title.
Make sure you check that out. If it has a salvage title, no insurance company will pay a claim on it. They will say that the car was already totaled and paid for, and they won't pay twice.
#6
Burning Brakes
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When the add says this..."The car fax does shows it has had a minor front end collison, but does have a clean title. " and the Carfax shows it as TOTALLED .....in 2002 Makes you wonder what the definition of "minor" really is. And how credible the seller really is...BECAUSE he knows it was written off as unfixable.
And that history takes thousands off the resale value....
And that history takes thousands off the resale value....
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#8
Race Car
When the add says this..."The car fax does shows it has had a minor front end collison, but does have a clean title. " and the Carfax shows it as TOTALLED .....in 2002 Makes you wonder what the definition of "minor" really is. And how credible the seller really is...BECAUSE he knows it was written off as unfixable.
And that history takes thousands off the resale value....
And that history takes thousands off the resale value....
#9
Racer
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Join Date: Apr 2014
Location: Germantown, TN
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When the add says this..."The car fax does shows it has had a minor front end collison, but does have a clean title. " and the Carfax shows it as TOTALLED .....in 2002 Makes you wonder what the definition of "minor" really is. And how credible the seller really is...BECAUSE he knows it was written off as unfixable.
And that history takes thousands off the resale value....
And that history takes thousands off the resale value....
#10
Rennlist Member
First of all, good luck with the assessment of the car.
Buy it for what you can afford.
Whether its 4, 6, 8, 10 or 12, if you have enough money to play with these, it really doesn't matter, does it? Its nearly mathematical rounding on an alternative, a late model new car, which presumeably you could afford instead, or in addition, anyway.
I can tell you from experience that at 70K miles for an S4, unless it has a remarkable set of receipts by a rennlist savvy mechanic --- you are likely looking at the midlife refresh for this car, so budget approx $6 to $7K in parts. (Parts have risen pretty significantly in the last 4 years).
Mechanics, even Porsche trained mechanics, don't usually know where to start on maintaining a 928, since the 928's maintenance need profile at 25+ years doesn't match their training. That's why what they say is, kind of bleh.
Do not make the error of telling this group what "market" is, however, regardless of what Johnny Porsche mechanic, an insurance valuation, an average ask price on Ebay or a used car guide tells you.
If you want to know market, which again, probably doesn't really matter to you, ask us and average that result.
Buy it for what you can afford.
Whether its 4, 6, 8, 10 or 12, if you have enough money to play with these, it really doesn't matter, does it? Its nearly mathematical rounding on an alternative, a late model new car, which presumeably you could afford instead, or in addition, anyway.
I can tell you from experience that at 70K miles for an S4, unless it has a remarkable set of receipts by a rennlist savvy mechanic --- you are likely looking at the midlife refresh for this car, so budget approx $6 to $7K in parts. (Parts have risen pretty significantly in the last 4 years).
Mechanics, even Porsche trained mechanics, don't usually know where to start on maintaining a 928, since the 928's maintenance need profile at 25+ years doesn't match their training. That's why what they say is, kind of bleh.
Do not make the error of telling this group what "market" is, however, regardless of what Johnny Porsche mechanic, an insurance valuation, an average ask price on Ebay or a used car guide tells you.
If you want to know market, which again, probably doesn't really matter to you, ask us and average that result.
#11
Burning Brakes
The engine bay doesn't give that looked-after impression. Assuming that it needs a TB, WP, etc, an '87 auto with almost 67k miles is worth about $7-10k IMO. With a salvage title (and pictures of the minor damage and the receipt for the repairs) and in generally nice condition, I'd put it at $7-8k. Any major PPI issues probably will prevent it from selling, as I doubt that the seller will come down enough.
All my opinion, but I was looking with cash in my pocket, and did recently buy. As has been said, keep $5-6k aside for repairs. Even if you do the work yourself, parts really add-up.
All my opinion, but I was looking with cash in my pocket, and did recently buy. As has been said, keep $5-6k aside for repairs. Even if you do the work yourself, parts really add-up.
#12
Rennlist Member
I inquired about this car two years ago when it was advertised with a salvage title. I asked the seller the about history and reason for salvage title. I never got a response. Nothing at all.
I grew up in BG and one of our kids goes to WKU in BG. Never seen it or heard of the owner.
I grew up in BG and one of our kids goes to WKU in BG. Never seen it or heard of the owner.
#13
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Many insurance companies will ONLY provide liability on Salvaged title cars because of all the questionable repairs and workmanship. Those who do offer full coverage limit it to only 80% of replacement value of a none salvage title car. And for collector cars or possible future collector cars it is the kiss of death for most people.
Always good to remember that the people recycling salvage title cars are doing it for one reason and that is to make money !!! All they really care about is making the shiney side look good.....and doing it for the least amount of expense. Washing titles is a big business in those few states where it still can be done as it greatly improves the perceived value and marketability.
Always good to remember that the people recycling salvage title cars are doing it for one reason and that is to make money !!! All they really care about is making the shiney side look good.....and doing it for the least amount of expense. Washing titles is a big business in those few states where it still can be done as it greatly improves the perceived value and marketability.
#14
Nordschleife Master
Its an auto S4 with an insurance record.. its maybe worth $6k in my opinion.
If you're in the market, the best thing you can do is be patient, and know your budget. Good cars get posted here all the time (ref: that 89 5-speed which was snapped up 2 days ago).
If the engine bay photo you posted is the same car, it needs around $5k in parts and your own work to sort out the engine (timing belt job, and replace all the 25+ year olf rubber in the engine bay). If you're paying a shop to do the work, make that $10k.
If you're in the market, the best thing you can do is be patient, and know your budget. Good cars get posted here all the time (ref: that 89 5-speed which was snapped up 2 days ago).
If the engine bay photo you posted is the same car, it needs around $5k in parts and your own work to sort out the engine (timing belt job, and replace all the 25+ year olf rubber in the engine bay). If you're paying a shop to do the work, make that $10k.
#15
Burning Brakes
I have spoken to the seller several times on the phone. He was helpful and sent me original pictures as the ones in the add were not that clear. I have asked to see copies of the receipts and maintenance records as well but they have never been sent to me. He says he is selling it for his boss.