Notices
964 Forum 1989-1994
Sponsored by:
Sponsored by:

How do I value this???

Thread Tools
 
Search this Thread
 
Old 01-22-2007 | 10:36 AM
  #1  
Oilslick964's Avatar
Oilslick964
Thread Starter
Drifting
 
Joined: Jun 2002
Posts: 2,415
Likes: 4
From: Arkansas
Default How do I value this???

I've had several 964s and I love them. Here is my latest quandry:

This is a 1989 C4 with 87k miles. In 2002 it took a moderate hit to the drivers side but not too bad. The title is clear. The carfax shows that the airbag deployed. Shows how much you can trust Carfax, right? Anyway... So the owner, instead of putting the car back stock, after the accident, went with a 993 turbo steel body kit. It was well done and all the gap lines look good. Paint job was decent but the nose and hood have taken some rash since then. The car is a pretty typical early 964 aside from that. Leaks about a quarter size of oil when parked, Clutch was done in 02, runs great and the brakes are pretty new as well. No real performance mods or anything. Just a nice C4 with the 993 Turbo body and cool wheels, as well as some interior mods like white leather and carbon fiber dash kit (I could take it or leave it as far as interior goes). My question is, how do you value something like this? Is it just a '89 C4 with 87k miles? Does the wreck hurt the value, even though it isn't a "Salvage" or "Rebuilt" title or anything like that? Does the 993 kit help the value? What would you say it is worth, assuming that the mechanicals and electronics are all up to snuff? Here are a few pics. I'm going to try and buy the car today but I'm not sure how much $$$ I need to part with. Any help???
Attached Images          
Old 01-22-2007 | 10:48 AM
  #2  
ilko's Avatar
ilko
Agent Orange
Rennlist Member
 
Joined: Jun 2006
Posts: 16,207
Likes: 571
Default

I would just treat it as a regular 89 964 C4 that's been hit. So I'd say $15-17K. If you really like what the PO has done to the body and interior you can offer more. However, in most cases cars with major redesigns, like the one pictured above will only be appreciated by a limited number of people and will be difficult to re-sell. That's just my subtle way of saying the guy went a bit overboard with the interior and "turbo" badging all over the place The exterior looks really nice from the pictures.
Old 01-22-2007 | 10:49 AM
  #3  
andrew911's Avatar
andrew911
Three Wheelin'
 
Joined: Mar 2003
Posts: 1,402
Likes: 1
From: New Jersey
Default

Very difficult to value that car. Whatever the seller tells you he spent updating the body kit etc, that is not money that increases the value of the car dollar for dollar (i.e. if the kit and install cost $8,000, the car is not worth $8,000 more than a stock 89 in similar condition). In fact, it could very well lower the value of the car, as many people (myself include) woudn't consider a car like this unless it was very much discounted.

Once you get into extensive modifications, beauty is in the eye of the beholder..you could get lucky finding a buyer who wants the upgrades and is willing to pay for them, but my guess is the majority of potential 964 buyers would not be interested in paying more money or "even money" for a highly modded 964. If you buy this car, buy it becuase it is really what you want as it is with the mods- I wouldn't recommend paying any extra for it. Sorry I am of little help giving a $ value, but just want you to hear one man's opinion before jumping in...
Old 01-22-2007 | 10:55 AM
  #4  
Oilslick964's Avatar
Oilslick964
Thread Starter
Drifting
 
Joined: Jun 2002
Posts: 2,415
Likes: 4
From: Arkansas
Default

BTW, I agree about the badging. The Turbo badge will be coming off and be replaced by a simple Carrera badge. The floor mats will be replaced with Porsche embroidered mats. I do like the 993 body, though.
Old 01-22-2007 | 11:02 AM
  #5  
last toy's Avatar
last toy
Burning Brakes
 
Joined: Oct 2005
Posts: 828
Likes: 0
Default

Nice wheels and wing. Interesting interior. Not impressed with the engine compartment. Looks like the K&N filter has not been cleaned and lubricated in ages or maybe it's just the photo shot. The car has lost all of its identiy and ilko is right about the Turbo emblems devaluating the car. I would either find out when the car was last aligned and corner balanced or have the buyer pay for an alignment and corner balance. This will at least assure you the car can be aligned and that the frame is not messed up from being side swiped. The owner needs to accept the fact that he will take a hit on this car. If you like it that much, it may be worth $15k, and would be a good project car to restore it to stock form while still keeping the wide body mod. Wouldn't take that much to restore it. make sure the engine is strong. That engine compartment looks rough.
Old 01-22-2007 | 11:09 AM
  #6  
Marc Shaw's Avatar
Marc Shaw
Super Duper Moderator
Lifetime Rennlist
Member
 
Joined: Nov 2004
Posts: 7,774
Likes: 15
From: YQU
Default

I'd be cautious of this one - no vent kit, rear light vent missing, air filter looks like it was run over...all points to some neglect (or lack of knowledge) by the po.

The accident devalues it as does the bodykit. I don't know US pricing well but I would expect it to be considerably lower than a stock/non-salvage/pristine example.

Marc
Old 01-22-2007 | 11:18 AM
  #7  
Superunknown's Avatar
Superunknown
Racer
 
Joined: Aug 2006
Posts: 273
Likes: 0
From: S.Wales UK
Default

That hand brake looks like its pulled up too high as well.
Old 01-22-2007 | 12:39 PM
  #8  
Oilslick964's Avatar
Oilslick964
Thread Starter
Drifting
 
Joined: Jun 2002
Posts: 2,415
Likes: 4
From: Arkansas
Default

Originally Posted by Superunknown
That hand brake looks like its pulled up too high as well.
Good Catch! Obvious, now that you mention it, but it didn't occur to me before. I'll have to check that out when I drive it this afternoon!
Old 01-22-2007 | 07:43 PM
  #9  
kgorman's Avatar
kgorman
Drifting
 
Joined: Sep 2005
Posts: 2,483
Likes: 41
From: Austin, TX
Default

run away
Old 01-22-2007 | 07:59 PM
  #10  
Gary R.'s Avatar
Gary R.
Rennlist Member
 
Joined: Dec 2004
Posts: 15,603
Likes: 292
From: Valencia, Spain
Default

Originally Posted by kgorman
run away
as FAST as you can!
Old 01-22-2007 | 08:06 PM
  #11  
parsecnc4's Avatar
parsecnc4
Burning Brakes
 
Joined: Oct 2006
Posts: 754
Likes: 1
From: So. Cal (USA)
Default

Originally Posted by Gary R.
as FAST as you can!
and don't look back
Old 01-22-2007 | 08:31 PM
  #12  
Colin 90 C2's Avatar
Colin 90 C2
Addict
Rennlist Member

 
Joined: Jun 2003
Posts: 978
Likes: 1
From: Delaware
Default

I think that there is a price for every car. The 993 body kit looks to be a good fit. Many people buy the 993 just for the looks versus buying a 964. You now have the opportunity to get into a 993 for less than 964 money.

You should definitely get a ppi and and frame check. A bodyshop should be able to put it on a lift and take some quick measurements.

If you like the car and it runs strong, then make an offer.

This is a case where a lowball approach may work. Think $12-15K.

Good luck and keep us posted.

Colin
Old 01-22-2007 | 08:36 PM
  #13  
bull30's Avatar
bull30
Burning Brakes
 
Joined: Nov 2006
Posts: 1,080
Likes: 0
From: Clarksburg, Maryland
Default

I had a friend of mine that bought a turbo off eBay from a guy that claimed it needed a little attention to the engine... $30,000 later he had a new engine and I guess a turbo Porsche... He could have bought one in decent condition for what he had to invest...

I would run from this one as it may be a bottomless pit... IMHO...
Old 01-22-2007 | 08:37 PM
  #14  
MassGuy's Avatar
MassGuy
Racer
 
Joined: Dec 2006
Posts: 329
Likes: 0
From: Methuen Massachusetts
Default

YUCK- Keep looking......
Old 01-22-2007 | 08:45 PM
  #15  
PMB's Avatar
PMB
Track Day
 
Joined: Jan 2007
Posts: 22
Likes: 0
Default

Oilslick...check out bic's beauty... For Sale: My Pristine 1990 964 Cab w/ only 7,000 Miles. Personally I would take the $20 k and the $20 k you will need to keep it going and buy something like this gem.


Quick Reply: How do I value this???



All times are GMT -3. The time now is 11:43 AM.