H2

What about a 1994 968 coupe, tiptronic, 100,000 miles, excellent shape throughout, good compression, it's time for a new T-Belt job, a new water pump, new cam chain, new balance belt, etc....plus new transmission seals, and related routine trans maintenance done. Brakes one year old, no significant leaks, everything works, has a few scratches, one small door ding, couple boogers in paint. He's asking $12,500. If I factor in doing the above work at a dealership, is this still a good deal? I'm looking for a daily driver and not a black hole. If his asking price is too high, what would be a reasonable offer, considering the work that I'll have to have done?

Or should I hold out for a lower mileage car, that's had recent T-belt done, etc. and pay more $$ upfront? Your advice would be much appreciated. Thank you.

Harvey

Stephenwz968

IMHO, for a tip that's got 100k and needs a belt job, along with not being in great cosmetic condition, I think $12,500 is high. If I were buying that car, I would factor in the money needed to bring the service up to date, subtract it from 12,500, and offer that. I would hold out and buy the nicest one I could afford, these cars are very maintenance intensive, and if you buy one that needs a lot of maintenance up front you're spending a ton of money off the bat. If you do the work yourself, buying one that's less $ upfront and doing the work yourself, it may work out. To have the services performned gets very expensive very fast. Ex. $12,500 base price, plus $1,000 for belts, plus $1000 for a tranny overhaul (that's being very reasonably priced), plus $400 for tune up/miscelleneous stuff. You're at $15k, and you would be hard pressed to sell a 100k tip coupe for that. You could certainly buy one with up to date maintenance for less then $15k.
Good luck,
Steve

Damian in NJ

I agree with Steve, that seems high for a high mileage tip needing all that service.

RajDatta

Steve nailed it down. You are looking at a minimum $3000-$3500 when done. At that price, it is atleast $3000 over its value. I think at best you should pay $10k.
Raj