Norritt

No affiliation:

http://knoxville.craigslist.org/cto/5556216245.html

docmirror

Um - well,,, I uh - gee. 'Firm on price.' GLWS I guess.

bureau13

Is that a bad price for a well-running Euro '78 with a thrashed interior? I'm not familiar so much with those older cars but I thought they were some of the cars rising fastest in value. I actually forwarded that to a friend, who has expressed some interest...but maybe it's not a great deal after all...

Daniel5691

Hi !

This is most likely the same Tennessee CL 928 seen here a few months ago....
Dash cracks etc etc look exactly the same...

https://rennlist.com/forums/928-foru...r-sale-cl.html

medipedicman went over and laid eyes and camera on it if memory serves....

medipedicman

That is the same car. If I read the new advertisement correctly he has bought it from the widow and done a few things to it to make it a driver. He is now offering it for sale. I believe the seller to be a good guy and truthful in any work he has done himself or had done to the car since I have seen it. Please be mindful when reading previous comments I have made about the car that I am a bottom feeder. A cheap bottom feeder at that With all of the exciting restorations that are currently being tackled I could see this one being a beauty with the time and money. If you have both of those things it would make an excellent project.

Daniel5691

hi Brian !

I noticed in the seller's final post (in the original thread..) that he was looking at offers around $3500...

Have a super day,

docmirror

Bottom feeder price is more like $1500-3000. $6k is Trump car money.

Daniel5691

so,
Back to Jeff's question, and for education's sake,

roughly what would a running 78 euro with trashed interior be worth? 1500? or 3000?
6000 seems mighty optimistic??

GregBBRD

Don't forget it has the wrong wheels, too!

And Mark Anderson just sold a set of the 16" phone dials for almost 1K!

And that green color...both inside and out.

Wow.

I may never be the same....

996SPECticle

I like the color.
Isnt it true that these cars are better bought with a bad drivetrain than a trashed interior. I think it would be easier to find another engine or tranny than a green door panel, dash and carpet. I would be thinking track car or custom all the way.

GregBBRD

Finding a 1978 928 that doesn't need an interior would be a long search. At this point, almost all of these cars need a complete restoration, if one wants a near perfect example.

$1500 or $6,000 becomes a rounding error, when looking at a restoration. People should be looking for how much original stuff is still there. Radio, wheels, tools, battery cover, spare tire, etc.

If one is a bottom feeder and just wants a 928 in any condition, the fact is runs and drives is worth a bunch of money, on these early cars....one can spend $2,000 on the fuel/injection system, very quickly. Another $1,500 on the clutch. $4,000 on a transmission rebuild happens all the time, these days. It goes on and on, depending on what is needed.

Getting over the green color, with the green interior, might take more than money....I would need additional therapy.

bureau13

Ha ha I like the green on green! It's kooky...I saw one very similar that had a green interior with pascha seats, and that was pure LSD.

docmirror

If we were talking about a car which would retail when done for $200k+, then I would agree. The top of the 928(non-Kermit) early pricing is maybe $20k? A bit more? The delta between $1500 and $6k is $4500 which is a decent chunk of the ~ top price for the marque(22.5% to be exact on a $20k price).

I know how much can be spent on these cars, having done this enough times. But face it - we're not going to see any nut-bolt factory based restorations on 928s. There just isn't the payback, and I doubt there will be a payback in the foreseeable future.

You are the outlier of the 928 world. Fanatics who don't mind being upside-down on their choice of car spend considerable sums with you for a well running, and nice looking car. But that's the minority by far. Most folks will spend $800-3000 with one of the other vendors to keep it in decent shape and running ok. Every 928 built now could use new front A-arm bushings. But NO ONE is going to pay to have them replaced, then alignment, and same for the rear(of course, there will be an exception somewhere).

Anyway, $4500 is no rounding error in the 928 world. That'll pay a shade-tree guy a decent driver paint job if he is willing to do much of the front and back end work. It'll do a decent job of an interior again with some help by the DIY guy. That's what the 928 genre is focused on. Not the Maserati Bora resto, not the Ferrari Daytona resto, this is and always will be the 928, and spending $6k on a $1500 car makes a significant difference.

hacker-pschorr

We finally found Greg's kryptonite.................green **** carpet.


This is the problem with the 928 community, people who assume there is a payback with most other cars receiving a nut-bolt restoration.....newsflash...there isn't.

The oldest expression in the collector car world: "Buy a fully restored car, it's cheaper than having one restored" this applies to 99% of the collector car world.
It costs the same money to restore a small block 64 Corvette as it does a big block L88 67. Sure the 67 might earn back the restoration money at the correct auction, the small block 64 never will. Yet they are being restored left and right.

I could spend all day listing the cars I know of being restored for sums much greater than the car will be worth in any foreseeable future. This list includes vintage Jaguars, Mercedes, Corvette's, various muscle cars etc... The only absolute exceptions are Italian.

People restore cars because they want to, not because they expect a payout when they are complete.


Lamborghini recently celebrated one heck of a milestone, 5,000 Aventador's in 55 months. That's over double the entire production run of the Countach which took 16 years..... in only 55 months.
Let that sink in for a minute........ 5,000 people lined up to purchase a depreciating $500,000 asset on wheels. Yet people still think there is a "bubble" with vintage lambo's selling for 7 figures........

Bottom line, to the collector car world, restoring a 928 is peanuts and you end up with an incredible car that is actually usable. That is what made the 911 desirable all these years, an "everyday" supercar.

At every cars & coffee, trip to Road America, random stops at collector shops etc.... the interest in 928's has skyrocketed. Before not one person would even ask "what year" now I have a crowd around a dirty 80 asking me dozens of questions. These questions are coming from people with very impressive car collections who "have always wanted a 928....."

Times are changing and unless there is a complete collapse to our economy (which is possible) our cars can only go up from here.

waynelambright

I could sell it for $15,000! or in China at least worth $30,000 Not many 928's in the garages in China on craigslist!

:-)