Eight Owners?
#1
Race Car
Thread Starter
Eight Owners?
All - I'm very close on purchasing a 993. In fact it's set to be inspected including leak down and compression test at P-car dealer today/tomorrow. I'm not a huge fan of CarFax in general - I think it often misses stuff and has suspect sources for data. However I pulled one on this car to discover it has eight recorded owners. It's totally clean other than that - no accidents, shows a solid history of maintenance and records don't have gaps. A few of the ownership records are really short - like a month or two - and appear to be flippers.
What's the reaction to this from the 993 crowd? On one hand I feel it shouldn't matter - car is 20+ years old and the CarFax makes sense. On the other hand this would be received pretty poorly in the GT car world where most of my experience lies.
FWIW - I love the car otherwise. It's low miles (24K), has a great current owner and shows really well.
Thanks once again,
Tim
What's the reaction to this from the 993 crowd? On one hand I feel it shouldn't matter - car is 20+ years old and the CarFax makes sense. On the other hand this would be received pretty poorly in the GT car world where most of my experience lies.
FWIW - I love the car otherwise. It's low miles (24K), has a great current owner and shows really well.
Thanks once again,
Tim
#2
Addict
Rennlist Member
Rennlist Member
Carfax sometimes interprets data into ownership changes that it shouldn't - my wife's Boxster was called a 2-owner car but the owner moved states. It also isn't 100% on damage, of course.
Eight seems like a lot, but the flipper theory makes sense and full records is a big plus. If the car inspects well, the only consideration would be how you tell the 9 owner story when it eventually leaves your garage.
(As an aside, be prepared: even with proper maintenance and a PPI, age takes its toll. There could be a $urpri$ing amount of work needed on a 23-year-old car.)
Eight seems like a lot, but the flipper theory makes sense and full records is a big plus. If the car inspects well, the only consideration would be how you tell the 9 owner story when it eventually leaves your garage.
(As an aside, be prepared: even with proper maintenance and a PPI, age takes its toll. There could be a $urpri$ing amount of work needed on a 23-year-old car.)
#3
Race Car
Thread Starter
Carfax sometimes interprets data into ownership changes that it shouldn't - my wife's Boxster was called a 2-owner car but the owner moved states. It also isn't 100% on damage, of course.
Eight seems like a lot, but the flipper theory makes sense and full records is a big plus. If the car inspects well, the only consideration would be how you tell the 9 owner story when it eventually leaves your garage.
(As an aside, be prepared: even with proper maintenance and a PPI, age takes its toll. There could be a $urpri$ing amount of work needed on a 23-year-old car.)
Eight seems like a lot, but the flipper theory makes sense and full records is a big plus. If the car inspects well, the only consideration would be how you tell the 9 owner story when it eventually leaves your garage.
(As an aside, be prepared: even with proper maintenance and a PPI, age takes its toll. There could be a $urpri$ing amount of work needed on a 23-year-old car.)
#4
During my shopping effort I noticed that if a dealer took title of a car, Carfax would count that as an owner when / if they had a new title issued. The short periods of “ownership” can easily be explained especially if they occurred during a known period when values were climbing. If it was a 1998 Cadillac Seville with that many flips, that would make me question if it was sold quickly due to some underlying issue(s).
Anyone looking for a 993 in the coming years will most likely know what to look for in a properly cared for example and know they are buying the seller - sounds like the one you’re looking at qualifies for those descriptions. Personally, I wouldn’t let the Carfax reported number of owners deter me from a purchase if it checked all of my boxes. Curious to hear how the PPI goes!
Anyone looking for a 993 in the coming years will most likely know what to look for in a properly cared for example and know they are buying the seller - sounds like the one you’re looking at qualifies for those descriptions. Personally, I wouldn’t let the Carfax reported number of owners deter me from a purchase if it checked all of my boxes. Curious to hear how the PPI goes!
#5
Burning Brakes
I wouldn't worry about the number of owners. Buy on condition and have a thorough PPI (which is sounds like you're doing). Having a car that was very well maintained will be worth it.
#6
Rennlist Member
Also, if the car was ever financed the title was in the banks name and would need to be re-assigned. Therefore if two owners financed that could potentially be four titles if they paid it off.
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#8
#10
Rennlist Member
On a modern car full of electronics and other junk that fails, multiple owners can be a red flag of serious unsolvable problems. But on 993s, that's not really relevant. So I'd stop worrying about the multiple owners and focus my attention on whether it's had any serious accidents and body work, and the condition of the mechanicals. With just 24k miles, apparently several buyers wanted it as a collector's car. But be wary of possible odometer fraud in this kind of case, too!
#12
On a modern car full of electronics and other junk that fails, multiple owners can be a red flag of serious unsolvable problems. But on 993s, that's not really relevant. So I'd stop worrying about the multiple owners and focus my attention on whether it's had any serious accidents and body work, and the condition of the mechanicals. With just 24k miles, apparently several buyers wanted it as a collector's car. But be wary of possible odometer fraud in this kind of case, too!
#13
I have owned 4 911's over the past 17 years and did spend over 20 years in the car business. I am by no means a Porsche expert like many of the guys on this forum. My own personal opinion is that's a lot of different owners. Its hard to track miles when crossing state lines etc. I agree with you 100% about Carfax. Were any of the past owners dealers?
I have a 98 cab with 32,000 miles on it. I purchased it 3 years ago as the 2nd owner. I started a different thread "spring Fling" a few days ago. Some guys suggested it needs a new suspension. I just got off the phone with the Porsche dealer in Detroit who knows the car like the back of his hand. When I asked him what he thought about spending 5K on a new suspension he blew a gasket. His words were basically, you have a 911 cab with extremely low miles that is as original as can be. Change the oil and keep the tires up and ten years down the road smile because if you want to sell it you will make a killing. Sure 5k might make it drive a little better but you don't take it to the track. It drives great the way it is. Keep all receipts and keep it as original as possible.
ftr my last 911 was an 89 with 23,000 miles on it. I owned it for ten years and put 35,000 miles on it. I listed it on autotrader 2 maybe 3 years ago, and sold it in one hour to a dealer in new york. I made 35K on the car. It was original except for a clutch, rear shocks and tires. It was an 89 coupe black with tan leather. I had a complete book with all receipts from day one. I had a blast with that car.
I have a 98 cab with 32,000 miles on it. I purchased it 3 years ago as the 2nd owner. I started a different thread "spring Fling" a few days ago. Some guys suggested it needs a new suspension. I just got off the phone with the Porsche dealer in Detroit who knows the car like the back of his hand. When I asked him what he thought about spending 5K on a new suspension he blew a gasket. His words were basically, you have a 911 cab with extremely low miles that is as original as can be. Change the oil and keep the tires up and ten years down the road smile because if you want to sell it you will make a killing. Sure 5k might make it drive a little better but you don't take it to the track. It drives great the way it is. Keep all receipts and keep it as original as possible.
ftr my last 911 was an 89 with 23,000 miles on it. I owned it for ten years and put 35,000 miles on it. I listed it on autotrader 2 maybe 3 years ago, and sold it in one hour to a dealer in new york. I made 35K on the car. It was original except for a clutch, rear shocks and tires. It was an 89 coupe black with tan leather. I had a complete book with all receipts from day one. I had a blast with that car.
#14
I would blow a gasket too if someone said it costs $5K to get a new suspension. You can get a far better one that you have now for less than half that price.
Since you seem to be familiar with Porsches, I'm sure you are aware that these are precision instruments and shocks are critical components to that precision. They are also wear items. Sure, you can tool around on a worn suspension on a leisurely Sunday drive and be just fine, I suppose. But if you're really interested in have a 993 that performs as it was intended and keeping the car in it's best stead, one cannot argue that a suspension that was mediocre when new, and now is over 20 years old, is at best lacking at at worst completely shot to the point that it could compromise safety.
Now, if your goal is to sell it in the future and "make a killing", then it's best to neglect all repairs and defer the maintenance to the next owner. But if you want your car to be all it can be, it takes money when worn items need to be replaced.
Anyway, it's your car, I have nothing to sell you, but objective sage advice from an independent 3rd party is just that
#15
are you suggesting there is something wrong with "making a killing"?
If I can drive a creampuff Porsche for ten years and put 35,000 miles on it and walk away with 35K in profit; I am all good with that.
If I can drive a creampuff Porsche for ten years and put 35,000 miles on it and walk away with 35K in profit; I am all good with that.