jr10cross

So I'm on the hunt again but this time to help my friend find the car he wants. We came across a 79 Porsche 928 5-speed with 75k. The car has a supposed hydraulic clutch issue which need to be fixed and the ignition has a slight issue, so the car has to be started from the 16-pin connector under the hood. The gentleman was asking $3k for it, we started at half that price because of the unknowns. The guy seemed unwilling to budge, what do you think is a fair price for the vehicle? I'm not as knowledgable about the 928 as I am with the 944.

GlenL

I think $3k would be fair-to-low if it started and ran. With the known problems and poor interior you're closer at $1500. Paint and body looks good. The clutch is a special dual-disc unit so can be pricey depending on what it needs.

jr10cross

that's exactly what I offered him but he didn't want to budge. Said he'd take a sledge hammer to it before he gave it away for $1500. I waited for a counter but he didn't counter at all. He has another guy coming today to pay him full price but we'll see how that goes. I let everything on a real positive note, so he will give me a call if that deal doesn't go through.

hlee96

The odometer is broken, so the mileage is not true accurate. Exterior looks ok. Originally a light blue color. Car's been sitting and for sale for a while. Not budging = move on.

jr10cross

thanks for the info, so you've already contacted the seller or could you tell everything from the video? Just curious, because he didn't say anything about the odometer not working. I had assumed that it was definitely a possibility though.

Mikebte

Make him a final offer, tell him your price and leave him your phone number. Tell him if he gets tired of people waiting his time your offer will stand till you find another car.
I bet he will give and call you later.

jr10cross

Yep I think I'm going to stick with $2k and do exactly what you said, but I'm wondering how much will the car ever be worth with a broken odometer.

Mikebte

Does take away from the value of the car, but it's an easy fix.
As long as he signs the title and you fix the odometer, who is to ever know it was broken. A lot of states put exempt in the odometer after it get 10 years old anyhow.
Ya...... don't buy a car from me...

Jadz928

I think it's silly to be quibbling over $3K or $1.5K or whatever. This 928 is roached and will need alot of money to make it safe and reliable, let alone the expense to make it look good.
And your considering this on behalf of a friend? You know what they say, with friends like these...
I'm not trying to be cantankerous, I'll leave that to JB. What I suggest is a different approach.
What is your friends budget? I mean overall budget for like the first year or two. Buying an early 928 is easy, but owning one takes money. Without a budget, his/her ownership experience will be poor, and we don't want that. We prefer people to stick around. Be a good friend and ask better questions.

jr10cross

I've asked him a lot of questions but I'm not sure what he wants to do with the car, so that's why I'm trying to keep the investment as low as possible. If you know anything about my 944 work, you'd know that I like to save em. The roached cars are kind of my thing. LOL I agree with you though, I would suggest a better example for his first car to keep him interested but I'm not sure if he will pull the trigger. He's not the mechanic, I am, so I guess I'm still a friend, haha. I've been telling him get a 944 first and graduate to a 928 but he's in love and you know how that goes. There's another example that we're going to take a look at that's drivable and ready for a new home. I'm just think about keep the option of flipping the car open. Do some work and make a decision on whether to sale it an make $2k or keep and and spend another $3k, but by the end have a nice $6k car that you can sell for maybe $10k.

James Bailey

I think you have the math wrong.....typically it takes $10,000 to make a $5,000 car.......

jr10cross

Good one

mkriete

Let's be realistic ... It's true. . I'm on my way to $15k for a $5k car. . I wanted a project and I got one. Very few cars (any car) is a good investment.

skpyle

Yeah...I second all of the above. I bought a nice 928. And I am $25,000 into a $5000 928.

Like Jim said, buying a 928 is easy. Maintaining a 928 is expensive. Care and feeding are no joke.

If you are going in expecting to lowball budget everything, that will not end well...

Either way, GOOD LUCK!


Seth K. Pyle

GT6ixer

But Seth, can you really put a price on happiness?