rc1320

I'm working out the details of a 1990 Porsche C4 purchase and I need a proof of value for the car as a correction to the NADA pricing of the car. I'm looking into the PCA Valuation but it looks like I have to own a Porsche in order to register.

Is there anywhere I can access a valuation for a prospective purchase?

newsboy

I checked the NADA site for a 1990 C4 with 65K. There value was $21,500, which I feel is pretty close, and exactly what I paid for my 1990 C4 2.5 years ago with 65k. The condition of the individual car, service history, mileage, good PPI, matter allot more than an Edmunds/Nada etc... valuation, which must be pretty general. You can check the PCA "Mart" and this and other sites to see what they are selling for.

kevjandon

agree with above.

Value is relative on the ppi, records, accident history, updates, rebuilds, and so on. Things value guides do not cosider.

Then there are modifications, color combinations, options and other personal preference items.

value guides generally rate on mileage and year, that is it.

Value is what you are willing to pay. 964's can be had for 15K up to 30K plus. It all depends.

My recommendation is audit the thread at the top of the 964 page that lists all the resent sales. This tells you what Rennlisters have been paying and what they recieved for their money.

pu911rsr

You have to be a PCA member to get one their valuations, you don't really need to own a Porsche just need a VIN #. The valuations take a few weeks to get, so if you are doing a near term purchase may not help much.
Phil

rc1320

pu911rsr thanks for the info.

As to the other comments I understand that NADA and KBB are what they are and market is what it is but banks loan on NADA fair condition and not excellent so 20K doesn't exactly cut it. I'm heading to SF on Saturday to look at one that I'm very fond of for 26K so I'm looking to front 6K in cash if I want to make it happen.

kiesan

Headed to SF you say? Hmmm. When this is in your backyard?

kevjandon

couple of quick points:

1st: This must be one hell of a 1990 964 if you're willing to pay 26K for it.
2nd: Cash is king. Like you, most who need a loan can't get a loan over the NADA value either. That is a bargaining chip in your favor. If you have the problem, so does everyone else who might buy that car. My first offer would be at 20K or less and then move from there.
3rd: I hope that the 6K deposit doesn't leave you with $0 left for the car. Anyone who has owned a Porsche will tell you that you should budget $2K to sort the car out for the first year. Perhaps less if you can do the work yourself.
4th: Don't make an emotional decision because your "fond" of the car. Make a business decision. You will make your money buying this car espically since you will have a loan on it.
5th: The bad economy is not over. You may loose your job tomorrow. Then your stuck with a car payment you can't afford and a car you can't sell because the potential buyer can't get a loan like yourself.

Good luck..