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Worth of a 1995 64k Carerra Coupe?

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Old 12-27-2004, 04:33 AM
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umfan866
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Default Worth of a 1995 64k Carerra Coupe?

Hi all,

This add (link below) for a bay area car doesn't list a price, just
best offer.. According to this months Excellence magazine it is worth somewhere between $23,340 and $35,525. What should I look for if I
go see it, and what would you offer?

******************************************

1995 Porsche 911 Carrera Coupe
Date: 2004-12-23, 10:41PM PST

This fantastic Carrera sport coupe is white and in excellent condition. Vehicle was just smogged and serviced and must be seen and driven. Mileage is 63,670. Looking for Best Offer
Options include:

6 cylinder 3.6 Liter Engine
6 Speed Manual Transmision
Sliding Sun Roof
Leather Interior
Air Conditioning
Power Steering
Power Windows
Power Door Locks
Power Seat
Cruise Control
AM/FM Stereo
Multi Compact Disc
Dual Front Air Bags
ABS Brakes
Premium Wheels
VIN# WPOAA299XSS320075

For pics see:
http://www.craigslist.org/pen/car/53340431.html
Old 12-27-2004, 11:13 AM
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Mark in Baltimore
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I'd start at mid 20's depending on condition and service records There aren't many options on this car. Also, white is not the most popular color.

Be sure the "leather interior" is not just leather on the front of the seats and steering wheel. You could have leather covering the dash, knee bar, door panels, headliner, seatbacks, as well as some other areas I'm sure I'm missing.

Do your homework and search the archives to see what to look for. If it passes your test, be sure to get a PPI.

Good luck!
Old 12-27-2004, 11:27 AM
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Get the option codes from the sticker under the front hood. They are a series of three digit codes (030,254, etc). There is a decoder on p-car.com. Alternatively you could get the vin# and call 800--porsche and they can give you the option codes from the factory. Also, check the condition of the leaather. Lots of cars with all kinds of mileage have wear on the seats, especially the bolsters. This can be fixed, probably, but should be considered in price. Look at the paint to see if there has been any paintwork. Look at an angle and go from the front to the rear of the car. Look for consistency of the orange peel in the paint. Factory orange peel is fairly prominent and should be consistent in look and size across all panels. Check out clutch feel. It should be smooth, much smoother than you might imagine. Drive.

Suspension, brakes, clutch, 60k service. You should find out what, if any, of these have been changed out. Get a PPI.

As far as price, I think anywhere between high $20s to $33 or so is fair, especially if 60k service, and other serviecs have been performed already. Excellence doesn't seem to be too far off other than Winter pricing should apply and white, though the pics look great, isn't the highest demand color out there. Where you are in the spread should be based on options, condition or interior/exterior, what needs to be changed or not, quality of records on car, feel of car, and how good you feel about seller.

Good luck.
Old 12-27-2004, 01:03 PM
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I'd say from $28k to $32k depending on 1) completeness of records, 2) existence of bodywork/paintwork, 3) overall condition.
Old 12-27-2004, 03:09 PM
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Pzkw993
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I like that $28k to $32k range, with the additional caveat that if those wheels are knockoffs or otherwise undesirable you'll want to come up with a little bargaining range to cover a new set.
Old 12-28-2004, 12:59 AM
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I'd say high $20Ks to $34K -- it depends on the CONDITION! Saying it's "excellent" in an advert is meaningless. BTW, based on the VIN, it appears to be a very early-build "1995," so it was probably built in early '94. Remember that some '95s are considerably newer than others -- the '95 model year was 1 year and 7 months long, covering cars built from January 1994 through July 1995
Old 12-28-2004, 02:49 AM
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umfan866
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Ok, here is the response I got from my email...

'I am a GM dealer and this is a vehicle we took in on trade. The car has been
inspected and serviced and is in immaculate condition. If this is a car you would
be interested in then make an appointment with me to see the vehicle. '

Not too much additional information...I prefer private sellers but the advantage
of a dealer is that at least you can look at it pretty much anytime. Looks like
I really need to get out there and have a look at it in person. Sometimes dealers
that are not selling the same brand tend to undervalue cars, right? Although maybe for Porsche they tend to think they can get more for them....

Thks Marvin.
Old 12-28-2004, 12:14 PM
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A couple thoughts for you:

- Since he's a dealer, there's a strong chance that he threw out (or never obtained) the records on the car. I'd avoid this 64,000-mile car if that's the case.

- As a GM dealer, he recently "serviced" the car. Hmmm I wonder what that means. Probably not much.

- Does the Carfax support his assertion that they took it in on trade? Just curious if it was an auction car.

- Generally, Kelly Blue Book undervalues p-cars, but it seems to be reasonable for low-optioned 1995/1996 cars right now (oddly). As a GM dealer, he probably won't know any better. KBB says $26,200 (EC private party) to $31,400 (retail) so you should use this.
Old 12-28-2004, 05:50 PM
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I usually don't respond to these types of threads because there are so many variables. However, I just bought this exact car (GP White, 61K miles, options were 17" factory wheels and HIFI/Changer option) near you in Campbell CA. Private party sale, one previous owner, 100% stock, PPI with flying colors except DMFW needs replacement (this was actually a bonus to me-LWFW DIY next weekend ). Complete records included (harness update, spoiler dam, etc.).

I paid $30K. These cars seem to go for a bit more than average in the Bay Area.
Old 12-28-2004, 11:11 PM
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I'm a relative newbie here, but I have read a lot of threads on 993 valuation - and I am still waiting to hear from someone who paid under $30K for a no-excuses 1995 993. AutoTrader has 29 cars listed between $25K (the lowest) and $29,900 and most of them look a trifle dodgy to say the least. You have a choice between private owners who talk about the "V6" in their cars and dealers who buy auction rats with no history, cut the paint down to the ragged edge, and hope they run into a sucker.

In general, this is a no-BS board when it comes to car values, but I wonder some times if the conventional wisdom here doesn't undervalue the early, narrowbody cars and perhaps overvalue the later, wide cars.
Old 12-29-2004, 03:29 AM
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Everybody,

Thanks for your comments. Well I went and checked the car
out. Here are some photos that I took (also added in the 2 that the
dealer had taken):

http://pg.photos.yahoo.com/ph/marvin_hecht/my_photos

Dealer knowledge and Inspection/Service Records
It was in the showroom section of GM dealer who specializes
in both Cadillacs and used cars. Apparently this car was traded in
for a Cadillac. The saleperson immediately confirmed that they
did not have any service records at all, in fact he said that's why
many people trade them in, so that they don't have to deal with
potential new owners bothering them about the service history!
And also because the service records would show their name and
address. Hmm..sounds a little weird but I guess may be true.
(Couldn't the name/address be blocked out on copies given to
the potential customers? What is the etiquette here?)

The guy didn't know too much about Porsche's or even that it is
usually referred to as a 993 instead of a 911. ('HMM..yes some
people have called it that...I educated him on that then). Regarding
a recent inspection he could also not tell me if it had the recent 60k
Porsche inspection or service done... but apparently their own people
did an 'inspection' and he produced a useless looking checklist showing
what they had checked off (eg tire tread, lights work, etc). He also showed
me a receipt for an oil change at a local Texaco station that Putnam
uses (I know them and they are good with foreign cars including
Volvo's and Bimmers-- but still..Texaco?) and a recent smog test
that was passed within the last month.

BTW although he did not have service records, the car had
several stickers on it for the PCA and for PorsheDoctor.com,
apparently a local Porsche repair place (that I discovered
after typing in this URL). I'll give them a call to see if they
know anything about the car.

Condition of the Car and Option Codes
As for the car, it looked in 'good' condition (4 out of 5 aprox).
It was very clean, but I could see about 4 rock chip marks on
the hood, and about 5 or 6 on the flaring fender above the rear
left wheel. The paint felt a little rough in the area before the
wheel and there was some sort of white guard put there
(just before the wheel) or maybe that is stock?

The tires look really, really wide (see picture) and
are kind of funky - are the rear stock wheels that wide?
Why do I get the feeling this car has been tracked???
Also, what is up with those wheels (see head on shot)?
It's almost as if someone has bolted on a cheap cover that
covers the outside part of the wheel, but allows the stock
rims to show in the center portion (??) The center caps are
nice looking with the Porsche crests-have ot admit that.

Inside it looked very clean but it seemed that the shift **** was
pretty worn and the carpets were a little fuzzy-ballish almost
as if someone had to really vacuum hard. The black Porsche
floormats (in a beige car?) were removed because they obviously
did not match the beige interior and sitting in the trunk (ah I mean
front storage compartment) where they matched better, since the
storage compartment was also in black carpet (is this normal, or
should the front compartment also be beige carpet)? In the front
compartment, underneath the carpet was some kind of ECLIPSE
amp or CD changer (looked more like an amp) salesman didn't seem
to know what it was exactly.

The rear engine compartment looked extremely clean --and pretty
full BTW-that 3.6 is big! The salesman helped me right down the
option codes and they are (searched in google to get the names
for the numbers that were there on the sticker in the hood):
C02 Equipped with catalytic converter
XD4 Porsche Crest Rim Caps
233 Original tires, Pirelli
331 AM/FM Cassette w/2 door speakers
398 Left outside mirror - electric - plain
437 Comfort seat left
454 Automatic speed control
490 Hi-Fi sound system
850 ?
718 ?
*it did have a sunroof

Price.
I asked the guy why there was no price listed in the craigslist
add and he said that was deliberate. But in the store the brochure
listed the asking price as $36,020!! He said that the price was pretty
meaningless and that I should just make an offer and he would present
it, they want to move cars not preserve them yada yada yada. I told
him some other ones recently sold in the high 20s and I would be between
mid to high 20s and he didnt seemed phased but just said make an offer.
Hmmm...... I am also allowed to have an independent PPI done if I want,
and there even was a notice to this effect posted on the board (some
California law or code I guess)?

Followup
I didn't get to drive it - I didn't have time and he didn't want me to drive
it in the dark & the rain since it was just detailed and I said that's fine if
I am serious I will come back and do that and the PPI etc.

Advice?

So what do you'all think? For me, if I can get into a 993--that is bare-bones I don't really care about a lot of options, since I originally started thinking about and looking at SC's and Carrera 3.2s anyway. I would need to take a loan for the difference between the negotiated sales price and 10k or so I have for the down) 1995 seems like a good amount of time for depreciation to occur but not so much that the car is 20 years old and falling apart as some of the old 911s I have seen! Just how common are these 993's anyway--is it better to pick up an OK example or to hold out for one of the best?

On the other hand I might want to wait some more until the 993 prices fall a little more (6 mo-1 year) so I could get into a low-optioned one closer to the low or mid 20's. I also don't want to fall into the trap of falling in love with the first one that I see, as some others have been known to make that mistake. It is a beautiful model, though, very nice. I used to not like the back end of a 993 (preferred the 74-89 look in the back) but I am getting used to it now. I do
like the front end better than the 74-89 with the lights round but more submerged. Ok enough for now, want to hear what you guys have to say.

Last edited by umfan866; 12-29-2004 at 03:58 AM.
Old 12-29-2004, 04:30 AM
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umfan866
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Some additional info I just got: another person on this board
was kind enough to send me a CarFax. Highlights include:

-at least 2 owners, possibly 3 if an auctioneer is an owner (?)
-Miami Beach (Florida) car, then Georgia (auction?), then San Francisco
-Harness Wiring recall has not been performed
-Suspension, Air Conditioning, Engine has been serviced

I don't know.. this is a little more colorful than I expected....

********************************************

Year/Make/Model: 1995 PORSCHE 911 CARRERA2/4

Body Style: COUPE
Engine: 3.6L H6 FI
Fuel: GASOLINE
Driveline: REAR WHEEL DRIVE
Manufactured in: GERMANY
This coupe has had at least 2 owners.
Estimated Owners: Date: Location:
1st owner No data No data
2nd owner 10/14/2003 California

The first title for this coupe was reported to CARFAX by a Florida DMV in 1996.
The last odometer reading, reported on 11/22/2004, was 63,663 miles

Date: Mileage:
05/20/1996 34,150
07/29/1996 34,185
05/06/1998 42,553
07/17/1998 43,197
04/15/1999 46,999
09/17/1999 48,546
12/08/1999 49,327
02/24/2000 50,009
06/06/2000 51,151
03/02/2001 51,854
08/14/2001 55,540
10/14/2003 60,738
11/22/2004 63,663

It has 1 recall that remains open for repair
11/10/2004 Porsche Cars North America Recall
#W301000 REPLACEMENT OF ENGINE WIRING HARNESS 993

05/20/1996 34,150 Florida
Motor Vehicle Dept.
Miami, FL
Title #66708908
Odometer reading reported for title


05/22/1996 Florida
Inspection Station
Miami, FL
Passed emissions inspection


05/24/1996 Florida
Motor Vehicle Dept.
Miami, FL
Title #66708908
Title issued or updated
Loan or lien reported


07/29/1996 34,185 Florida
Motor Vehicle Dept.
Miami Beach, FL
Title #66708908
Odometer reading reported for title


08/01/1996 Florida
Motor Vehicle Dept.
Miami Beach, FL
Title #66708908
Title issued or updated
Loan or lien reported


11/07/1996 Florida
Inspection Station
Miami, FL
Passed emissions inspection


12/06/1997 Florida
Inspection Station
Miami, FL
Passed emissions inspection


03/27/1998 Service Facility
Vehicle serviced
Suspension system serviced
Miscellaneous service performed


05/06/1998 42,553 Service Facility
Vehicle serviced


07/17/1998 43,197 Service Facility
Vehicle serviced
Air conditioning serviced
Miscellaneous service performed


10/31/1998 Florida
Inspection Station
Miami, FL
Passed emissions inspection


04/15/1999 46,999 Service Facility
Vehicle serviced
Miscellaneous service performed
Suspension system serviced


09/17/1999 48,546 Service Facility
Vehicle serviced
Miscellaneous service performed
Engine serviced


12/08/1999 49,327 Service Facility
Vehicle serviced


02/24/2000 50,009 Service Facility
Vehicle serviced


06/06/2000 51,151 Service Facility
Vehicle serviced
Miscellaneous service performed


08/22/2000 Service Facility
Vehicle serviced


03/02/2001 51,854 Georgia
Motor Vehicle Dept.
Warner Robins, GA
Title #2316010616019
Title issued or updated
Registration issued or renewed
Loan or lien reported


08/14/2001 55,540 Auto Auction
Sold at auction
in Southeast Region
Listed as
a dealer vehicle


10/14/2003 60,738 California
Motor Vehicle Dept.
South San Francisco, CA
Title issued or updated
New owner reported
Loan or lien reported


10/15/2003 California
Inspection Station
Passed emissions inspection


11/10/2004 Porsche Cars
North America
Manufacturer recall/service bulletin issued
Recall #W301000 REPLACEMENT OF ENGINE WIRING
HARNESS 993

11/22/2004 63,663 California
Inspection Station
Passed emissions inspection
Old 12-29-2004, 06:30 AM
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umfan866---

car appears to be pretty clean... & @ 60k+ miles, i'd expect some minor chips in the areas you mentioned. a good 'ppi' will serve you well let that be your deal maker/breaker... porsche will handle the 'harness thing' if it hasn't been done already (be surprised if it hasn't). if it proves to be dry & solid, i'd jump on it for mid to high twenties...

& btw: i like 'gp white' 911/993's... beautiful color... i have fond (childhood) memories of seeing robert redford parking outside 'clublevel' @ dodger stadium w/ his white (always new) 911's... damn pretty color esp. in coupe form imho.

bol in search & w/ this one if it's right. -- cheers.
Old 12-29-2004, 06:51 AM
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David in LA
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Originally Posted by umfan866
...The black Porsche floormats (in a beige car?) were removed because they obviously did not match the beige interio.....
Hey! I actually have black mats on beige carpet in my cab and they actually look better than the beige mats!!

The car actually looks OK in the pics..actually looks surprisingly good for a 60k+ miles car so the fact it looks so good should put you on alert.

Hmmm...the previous owner didn't bother getting around to having the wiring harness recall done. This was a no-expense fix and was a big issue (search the threads)...this is probably a clue of just how well this car was treated in the past (the recall was issued 3-4 years ago so don't know why it is listed as recently issued in Nov 2004). Add that it was previously sold at an auction and that since Aug 2001 it has only travelled 8k miles - of which the last owner put on 3k miles in 13 mos - and you have to think about what this car has been doing the last 2-3 yeas..

I would be wary on this one...if I were to buy this car I would prepare myself for unforseen repairs/expenses and budget an additional $7-9k to set aside...so for this car prob $22-24k would be a fair price. If you have no repairs whatsoever then you will have gotten a steal...and if there are, then your net overall cost is prob around what a well sorted 95 should go for.

Also, I'm not sure just how much lower prices will go...yes avg prices may continue to decrease but along with the avg quality of the cars for sale. Over the last 2-3 years there have been more and more dodgy cars up for sale...and prices for good ones have been stable or even gone up in the past 12-15 mos (see 993TTs and C2Ss in particular).
Old 12-29-2004, 08:42 PM
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umfan866
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Hi,

Well I found out some more info. I just talked to the mechanic who
worked on the car for the last few years. Said that the customer who
traded in this car was a nice guy who has owned many Porsche's over
the years, and the person had gone out to Miami Florida to pick this car
up. PorscheDoctor did a post-PI inspection and found nothing major at
the time. The car apparently did not need a lot of servicing, was only
in the shop twice.

The Kinessis Motorsport SuperCup wheels and Yokoyama AVS tire
upgrade (fairly expensive upgrade- about $2k-not sure if per tire or
overall) were also done at PorscheDoctor.com in South San Francisco
and these tires are actually better in the rain than on dry pavement.

Regarding the wiring harness, apparently there is a code or number
on the harness itself and this mechanic had determined from Porsche
that this harness was good and did not need the upgrade, despite
the recall that included this VIN#.

Apparently on the way back from the east coast someone not knowledgeable about Porsce's put the wrong fluid in the power steering reservoir and this contaminated the system and blew something up (?). But it was caught early enough that with a flush of the lines and a new steering rack (for 2k) it was repaired successfully.

The mechanic said while he isn't a sales guy-he does deal with a lot of
Porsches, and since this is a pretty clean example of a 993 (even b4
detailing by the currrent shop), he thinks I should pay the current seller/dealer about 28-29k (start lower and stick to 28-29, definately not more than 30k) and
while he doesn't know what the trade-in value was, he figures it was
close to 24-25k what the guy got who traded it in.

Comments? Thks!! Marvin.


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