'95 GTS 5-spd on CL
#16
Supercharged
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IMO a salvage title kills the value only if the story behind it is hearsay. On the other hand, if the story behind the salvage title is 100% known then an informed decision can be made. Worst case, a very thorough PPI by someone that knows 928s inside and out can determine what's up or not.
For example: let's say there's a 5-speed GTS that was run without oil and totaled by the insurance company due to the cost of a new motor. But, Greg Brown rebuilt the motor using all new Porsche parts and his invoices come with the car. Is a salvage title a value killer?
For example: let's say there's a 5-speed GTS that was run without oil and totaled by the insurance company due to the cost of a new motor. But, Greg Brown rebuilt the motor using all new Porsche parts and his invoices come with the car. Is a salvage title a value killer?
#17
Former Sponsor
Some food for thought:
Right now, in the 911 world, people don't seem to be as interested in the history of the vehicle as they are about if the car is properly restored.
In reality, super low mileage virgins are very few and far between.
So, almost anything else will eventually need to be restored.
And restoration is exactly the same for a 20,000 mile car as for a 150,000 mile car.....because the same exact steps are required!
Right now, in the 911 world, people don't seem to be as interested in the history of the vehicle as they are about if the car is properly restored.
In reality, super low mileage virgins are very few and far between.
So, almost anything else will eventually need to be restored.
And restoration is exactly the same for a 20,000 mile car as for a 150,000 mile car.....because the same exact steps are required!
#19
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#21
Car was on ebay and Autocheck shows salvage due to theft.
http://www.ebay.com/itm/1995-Porsche...p2047675.l2557
http://www.ebay.com/itm/1995-Porsche...p2047675.l2557
Often times cars are stolen and left in public parking lots or parking structures. They often just blend into the other cars. Especially in places where cars of often parked at night. Like apartment buildings, grocery stores, etc.
Its far easier and more convenient to park in a public place close to your destination than it is to abandon a stolen car in the middle of nowhere or in front of someones house that might notice you.
So stolen cars often sit for months or even years before someone notices that they have been there untouched. Especially if they are in an apartment parking structure or other place where you might expect to see cars not move for long periods of time.
So the insurance company ends up paying out on these cars. Eventually, when the car is discovered it ends up with a salvage title just because a claim was paid out. Even if the car is in 100% perfect shape. :banged:
There are all sorts of stupid reasons cars get totaled out. One guy over on 6Speed got the insurance company to total out his Cayenne Turbo because the panoramic roof leaked during a rain storm. He "claimed" it ruined the interior and simply wanted a new car. Some how they bought it:roll eyes:
Its interesting that if enthusiasts and collectors want a car bad enough, the salvage title makes zero difference in value. Watch some of the classic car auctions and there are many cars that have histories that include crashes, etc. But if they are rare and desirable. People will pay!!
#22
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I actually did have an '85 RX-7 GSL stolen that was recovered a year and a half later in some towing company parking lot in Miami Beach. The insurance company auctioned it internally, I think...they wouldn't give me an option to buy it back. No idea if that means it got a salvage title though. I hadn't really thought about it.
Often times cars are stolen and left in public parking lots or parking structures. They often just blend into the other cars. Especially in places where cars of often parked at night. Like apartment buildings, grocery stores, etc.
Its far easier and more convenient to park in a public place close to your destination than it is to abandon a stolen car in the middle of nowhere or in front of someones house that might notice you.
So stolen cars often sit for months or even years before someone notices that they have been there untouched. Especially if they are in an apartment parking structure or other place where you might expect to see cars not move for long periods of time.
So the insurance company ends up paying out on these cars. Eventually, when the car is discovered it ends up with a salvage title just because a claim was paid out. Even if the car is in 100% perfect shape. :banged:
There are all sorts of stupid reasons cars get totaled out. One guy over on 6Speed got the insurance company to total out his Cayenne Turbo because the panoramic roof leaked during a rain storm. He "claimed" it ruined the interior and simply wanted a new car. Some how they bought it:roll eyes:
Its interesting that if enthusiasts and collectors want a car bad enough, the salvage title makes zero difference in value. Watch some of the classic car auctions and there are many cars that have histories that include crashes, etc. But if they are rare and desirable. People will pay!!
Its far easier and more convenient to park in a public place close to your destination than it is to abandon a stolen car in the middle of nowhere or in front of someones house that might notice you.
So stolen cars often sit for months or even years before someone notices that they have been there untouched. Especially if they are in an apartment parking structure or other place where you might expect to see cars not move for long periods of time.
So the insurance company ends up paying out on these cars. Eventually, when the car is discovered it ends up with a salvage title just because a claim was paid out. Even if the car is in 100% perfect shape. :banged:
There are all sorts of stupid reasons cars get totaled out. One guy over on 6Speed got the insurance company to total out his Cayenne Turbo because the panoramic roof leaked during a rain storm. He "claimed" it ruined the interior and simply wanted a new car. Some how they bought it:roll eyes:
Its interesting that if enthusiasts and collectors want a car bad enough, the salvage title makes zero difference in value. Watch some of the classic car auctions and there are many cars that have histories that include crashes, etc. But if they are rare and desirable. People will pay!!
#23
Pro
Once the Insurance writes a check for full value of vehicle it becomes a salvage rebuild vehicle
The current owner just called me to have the timing belt and what ever else it needs done
If someone is interested make a move on it now cause he sounds as if he does the work he might ask for more money.
Again the car is clean and in good shape and even the rear hatch release works.
The current owner just called me to have the timing belt and what ever else it needs done
If someone is interested make a move on it now cause he sounds as if he does the work he might ask for more money.
Again the car is clean and in good shape and even the rear hatch release works.
#24
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CT doesn't issue titles anymore for 20 yr old cars - bill of sale gets you registration & plates. Carfax & autocheck will still show the salvage title issuance though.
#25
People put too much faith in things like Carfax. It's very easy to do complete restorations, VIN swaps, major pane/chassis replacement and never have that info reported to Carfax.
These systems are nice for 2-4 year old dealer sold cars. Beyond that there are just too many variables.
These systems are nice for 2-4 year old dealer sold cars. Beyond that there are just too many variables.
#26
If someone here on RL is seriously considering buying the '95 GTS, I do have some recent history on it, including the contact info for the reputable mechanic & dealer that serviced it for a previous owner for 10 yrs, until early 2013. You can pm me. Interesting it ended up in NY & I'd have to surmise the current seller acquired it within the past 12 months & would likely have a bit of wiggle room in their price and still make a profit. I'm fairly sure this has always been a Florida car until the current owner got it.
From the info I have, in 2012 to early 2013, it had the TB, clutch, & windshield replaced; and front bumper was resprayed due to stone chips. As of that time, the car had about 95k miles & all records with it since about 44k miles. It was sold in March 2013 for $28k. Had about 1500 miles put on it over the next 18 mos. Unique circumstances after that sale caused that buyer to be in a forced sale situation. I'd wonder if the current owner might be a dealer appearing to be an individual. Here are a few pics from back at the time it sold in early 2013. fyi, I've never owned it & I've never even seen the car in person; just know some history on the car as of the sale in 2013 & some since.
From the info I have, in 2012 to early 2013, it had the TB, clutch, & windshield replaced; and front bumper was resprayed due to stone chips. As of that time, the car had about 95k miles & all records with it since about 44k miles. It was sold in March 2013 for $28k. Had about 1500 miles put on it over the next 18 mos. Unique circumstances after that sale caused that buyer to be in a forced sale situation. I'd wonder if the current owner might be a dealer appearing to be an individual. Here are a few pics from back at the time it sold in early 2013. fyi, I've never owned it & I've never even seen the car in person; just know some history on the car as of the sale in 2013 & some since.
#27
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Some food for thought:
Right now, in the 911 world, people don't seem to be as interested in the history of the vehicle as they are about if the car is properly restored.
In reality, super low mileage virgins are very few and far between.
So, almost anything else will eventually need to be restored.
And restoration is exactly the same for a 20,000 mile car as for a 150,000 mile car.....because the same exact steps are required!
Right now, in the 911 world, people don't seem to be as interested in the history of the vehicle as they are about if the car is properly restored.
In reality, super low mileage virgins are very few and far between.
So, almost anything else will eventually need to be restored.
And restoration is exactly the same for a 20,000 mile car as for a 150,000 mile car.....because the same exact steps are required!
This reinforces what I've said in other threads on this topic. The highest dollar cars down the road are the all original ones. They may not be perfect but they are only original once and collectors are really starting to look for these.
Any detail, no matter how minor, that makes any particular car more exclusive than the next one will command more money. Anyone can roll into cars & coffee in a fully restored X - it just takes money. But that one guy with the slightly worn, yet all original one owner car will have the larger crowd around it.
#28
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This is a tempting car... I will be in NYC on Wednesday and Thursday, I wonder if I can convince my better half that it's a good idea to go with me to look at a gts.....
I'm now officially certifiable for even thinking of this!
I'm now officially certifiable for even thinking of this!
#29
Burning Brakes
For over 20 years, I have yet to ask... Any yet I still live indoors and eat regularly - and with all my teeth Buy it and bring it home as a surprise
#30
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