mtnspeed

1994 968 Sport, M030, 6 speed, 82k - Black on black

A few details:

For those long time Rennlister's, I bought this car from Trevor's (PorscheG96) about 5 years ago. It has M030 suspension, brand new rear koni's, limited slip diff, Freshly reconditioned 18" 3 piece RH 3.6 Turbo Wheels, brand new Bridgestone SO4 Pole Positions, new Hawk pads, tint and a custom stereo complete (Hertz separates, Alpine with fiberglass 8" woofer in rear cubby.

Corner balanced (190lbs driver) and the suspension has been tuned to an almost perfect neutral balance. The car has been tracked a few times since I have owned it, but has spent most of it's time on the street or the garage. I have purchased a 997 4S and struggling with whether to let her go.

All maintenance up to date, paint, body and interior in excellent shape. There aren't many M030's period or 968's in this condition.

Just curious if anyone might be interested before I make a decision to post to PCA and the web.

Also looking for feedback on pricing from the community? Assuming the unicorn status and 3.6 wheels drives her value up?

Paul Waterloo

Sounds like a nice car. Realistically I can't believe anyone would pay more than $15K. It might take letting it go for $13K or so to get rid of it quickly. Price it at $18K and it might be like the guy's black convertible on ebay, it's been for sale at that price since I bought my car in the summer.

RajDatta

This car should be worth around $18-20k. M030 are rare. The color is quite common but the car is not. Add to that some nice upgrades and you should be close to $20k.
I would throw it on EBay and see how you do. It will generate a lot of interest.

tamathumper

Beautiful car!

Wheels and stereos are unfortunately like swimming pools, putters and drapes - personal choice rules the day, so having a custom version will add/subtract value equally depending on the buyer. Stock is safest.

Miles are moderately high, M030 maybe offsets that. Color is common, so I'd say $15,000 is what it'll go for - you can list higher and work your way down, as is the normal practice.

By way of comparison, I picked up my Guards Red Cab with 40K miles two years ago for $15,000, in what I consider excellent condition - no cracks, rubs, holes, dents, or road rash, and an absolutely perfect interior.

jeff968

I know someone who is looking for an M030. Can you post/PM me your email address and the last 3 digits of the car's VIN.
Jeff

odurandina

start around $22 k on Car/Trader. then don't take a penny less than 17.

RajDatta

Looks like Jeff can come to the rescue. I love people who are always looking to devalue our cars. Just cause someone was able to get it cheap when the economy was poor does not make it a cheap car. Also, plenty here have purchased a cheap, poorly cared for example, only to throw as much if not more on the car to sort it out.

This car looks looks well sorted with tasteful mods. Add to that it's rarity with factory m030. It's 2014, the market has changed. You should be able to get close to $20k with the RH wheels.

Joel8005

Interesting thoughts on the value...... 030 car that looks to be in decent shape with fairly low mileage considering its age. We would all like the cars to go up in value but at this time the VERY low milage and uber rare (special wishes) optioned ones have the best chance. I was at a Porsche forum at Ameila a couple years ago where they were talking about " Porsches to purchase" one of the last cars they mentioned was the 968, again, low miles, rare options and no mods.

Guess both of mine out out of that equation.......

Cheers,

jeff968

Only 99 for North America. 1 of 24 in black!

And the attrition rate on the M030 is higher on the M030s then the regular 968s.

This is a rare bird and will pull a premium on the resale market.

BikePilot

If I had to guess I think it'd sell for somewhere in the $15k range. If it were me I'd keep it and use for autox and DE. Do post up if/when you decide to sell!

Paul Waterloo

I'm not trying to devalue anyone's car....just trying to be realistic. If you want to have it for sale and not sell it, then price it at $20K.

If you want to turn it into cash, price it at $15K and be prepared to accept less.

I think it's just the reality of the situation. People like to think their houses, cars, etc. are worth more than they actually are. When I'm ready to sell something, I sell it in short order because I price it at the market value.

tamathumper

I'm not trying to devalue anyone's car either - and no I did not buy a rat on the cheap. I made a fair purchase of a car in excellent condition recently enough that I felt it would be pertinent to the thread.

If the car sells for much more and the market is actually going up, then great - but these cars are not necessarily tied to the economy - they're the ugly second cousin of the "real" Porsches as far as the majority of the purchasing public is concerned. Which is why I love mine so much, but we all know we're in the minority.

OP, the tendency to overvalue something you own is called the "Endowment Effect", and the practice of setting prices first is called "Anchoring". Look them both up if you want to maximize your negotiations during the upcoming sale. And good luck, I hope you get crazy bucks!

RajDatta

A lot of similar sentiments were expressed towards the 914's as well. They seem to be doing quite well lately.

jeff968

The market will tell. As the advocate for the PCA 968 register I am contacted quite often by individuals looking for a 968. The M030s are often mentioned in these requests. As a nice 968 plus a M030 and going into spring, i would guess this car goes for $20K easy. Stay tuned.

Paul Waterloo

I hope it does go for $20K.