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$500 10 people to save this 1985 Manual 928. Community project idea.
Hi, my name is Wayne Lambright, I have found a 1985 928 blk/blk 108,000 Manual, sport seats. I can buy it for $2500. Needs water pump and does not go into any gears.
Why do it this way? I can't get a bank loan, but I was a mechanic and I'm in debt and I'm trying to earn my way out of this hole.
Lets find 10 people that want to put this deal together to repair the car and sell it on ebay and split the profits. I'll do the work, and document 'photos/video' I think we can get $50,000 for this car 'IN CHINA' and or $25,000 in the USA. A 1979 did just sell for 33,000 on ebay. Silver with Pasha.
This is my loose idea, but version one is better than none.
Not possible to import , drive and register an 1985 anything in China .. So if someone bought it. It would be a show car for someone's museum only. Early 78-79 cars unmolested , will always sell for more than an 85. That car was special, good condition, pasha interior and blue California plates. 15-17k would be max for an 85 in perfect condition along with a special buyer.
$500 10 people to save this 1985 Manual 928. Community project idea.
No way your going to get $25,000 for any 85 with that many miles unless it's in Immaculate condition, which I highly doubt it is going by your description. Good luck anyway.
My $.02 - do the first car you have (the petrol blue) and see how it goes from an economic and mechanical standpoint, then decide if investing in old, non-running sharks is a good business model. I think you will find that it is not. For instance, even if you were to raise the $5k, with half of that to buy the '85 car (which sounds like another non-runner, so who knows what it is really worth - could need an engine), you will have only $2500 to fix it up. For that amount, you will not be able to do much, and will never get it close to being a $15,000 to $20000 car, much less for the numbers you are thinking. Also, unless you have an in depth import/export knowledge and expertise, especially in connection with to a place like China, the car will not be sold there.
Point of reference (in the "for whatever it's worth" department), one of the most beautiful GTS's on the market, a custom minerva blue car out of Texas, just had another price drop to move it - now down to $35K, from a starting point of mid 50's IIRC. The way to make a little bit of money with a 928 is to start out with a lot.
So you're looking to spread your risk on a purchase about which you know little?
No offense, but your apparent excitement about how these cares are worth 50 GRAND OMG 100 GRAND smacks of scam artiste.
That aside, your scheme has a few issues..
1. Importing cars to China is hard, unless the car is less than 1 year old, or you're a returning CHinese diplomat. (at least based on a quick search)
2. The car is likely to need $6k in parts to make it mechanically good, plus a whole lot of labour. Mechanically "perfect" is a lot more expensive than that.
3. You seem to be asking complete strangers to mitigate your risk?
4. Your valuations aren't remotely realistic.
5. Someone is already selling complete kits for maintenance jobs.. phone roger and he wasn't the first, IIRC I got my first TBWP kit from Dave and Jeannie almost a decade ago.
For an '85, with $6k worth of parts added to it, and 100 hours of focused, educated, labour, it might be worth $10k, if the history, paint and interior are very clean, but frankly this sounds like a sure way to a losing "investment".
Despite the price rises, very very few 928's are investment vehicles now.
The $30k+ '79 was amazingly original by any 928 standards - even has an un-cut early radio surround (very unusual). Even then, I strongly suspect the buyer will back out and we'll see it on the market again, or it'll sell quietly off market for less than the ebay sale price.
Its great that you're excited by 928's - we all love them too. However, there's a famous saying around here that cheap 928's are $10k from being a $5k car. For the majority of 928's on the market, that's still true, and an '85 32V car is firmly in that camp, being neither rare, or "special" (by 928 standards).
Stick with your petrol blue car - its got more potential than an 85.
just had another price drop to move it - now down to $35K
That car is getting closer to my original assessment of its likely sale price.
I can respect someone's personal taste and expression in their choice of customisations, but that doesn't mean those mods have any value.
The only way to enhance the value of a 928 with paint and interior mods is to start with a very cheap example which needs paint and interior. For good, rare examples like a late GTS, destroying factory originality is just burning money.
So you're looking to spread your risk on a purchase about which you know little?
No offense, but your apparent excitement about how these cares are worth 50 GRAND OMG 100 GRAND smacks of scam artiste.
That aside, your scheme has a few issues..
1. Importing cars to China is hard, unless the car is less than 1 year old, or you're a returning CHinese diplomat. (at least based on a quick search)
2. The car is likely to need $6k in parts to make it mechanically good, plus a whole lot of labour. Mechanically "perfect" is a lot more expensive than that.
3. You seem to be asking complete strangers to mitigate your risk?
4. Your valuations aren't remotely realistic.
5. Someone is already selling complete kits for maintenance jobs.. phone roger and he wasn't the first, IIRC I got my first TBWP kit from Dave and Jeannie almost a decade ago.
For an '85, with $6k worth of parts added to it, and 100 hours of focused, educated, labour, it might be worth $10k, if the history, paint and interior are very clean, but frankly this sounds like a sure way to a losing "investment".
Despite the price rises, very very few 928's are investment vehicles now.
The $30k+ '79 was amazingly original by any 928 standards - even has an un-cut early radio surround (very unusual). Even then, I strongly suspect the buyer will back out and we'll see it on the market again, or it'll sell quietly off market for less than the ebay sale price.
Its great that you're excited by 928's - we all love them too. However, there's a famous saying around here that cheap 928's are $10k from being a $5k car. For the majority of 928's on the market, that's still true, and an '85 32V car is firmly in that camp, being neither rare, or "special" (by 928 standards).
Stick with your petrol blue car - its got more potential than an 85.
Honestly this sounds semi-interesting and as a businessman/entrepreneur-at-heart I understand where you are coming from. One of the things you mentioned in your video reply was that most high net worth individuals like to "have things their way" with a car. Would it be out of the question to reach out to potential buyers and do a pre-sale project? This would allow them to customize it along the way. Otherwise I would say the way to get max dollar is to do a complete restore with as many original parts as possible. The problem with this is that the car still has a lot of miles, people with a lot of cash usually have the luxury of just buying a car with less miles
Honestly this sounds semi-interesting and as a businessman/entrepreneur-at-heart I understand where you are coming from. One of the things you mentioned in your video reply was that most high net worth individuals like to "have things their way" with a car. Would it be out of the question to reach out to potential buyers and do a pre-sale project? This would allow them to customize it along the way. Otherwise I would say the way to get max dollar is to do a complete restore with as many original parts as possible. The problem with this is that the car still has a lot of miles, people with a lot of cash usually have the luxury of just buying a car with less miles
The only way this would work, would be a highly established wrench and restorer, with contracts stating the actual goal.
The list of people I would back with my $ for such a project is short, only 1 person on it.
I really wish that I could be one of the investors in Snoop Dog's future 928. Unfortunately I just invested all of my liquid assets into the faster than the speed of light spaceship. I will be sure to keep my out for the series of articles that are bound to come out in the WSJ about this investment group.
06-13-2015, 10:39 PM
$500 10 people to save this 1985 Manual 928. Community project idea.
and he wasn't the first, IIRC I got my first TBWP kit from Dave and Jeannie almost a decade ago.
