My 993 is totalled! Should I rebuild it myself or part it?
#1
My 993 is totalled! Should I rebuild it myself or part it?
For those of you following the thread about my accident:
https://rennlist.com/forums/993-forum/415859-my-993-is-hurt-is-she-totalled-value-of-parts.html
The insurance company called to say it was totalled!
They are doing a market analysis and will make an offer hopefully tomorrow. If the buyback is $8000 or less I plan to keep the car. Go ahead and PM me with any parts requests.
I've talked to LA Porsche dismantlers, and they can supply an entire right side of a car, custom cut to fit the damage, including stock front suspension, door, and front fender for $3700. I hear they have a shady reputation, but if I go pick up the parts myself (I live in LA) there shouldn't be a problem.
A friend of mine has a body shop where he rebuilds totals like mine, and he says it will be around $4000 with frame machine time, paint, everything needed to restore it. He would make sure all suspension mounting points were factory correct, but I would install the front suspension myself. He does great work and I'd trust any car that comes out of his shop.
Am I crazy to even be thinking about taking on such a project? I could sure use the settlement money to buy one of the foreclosure houses we've been looking at, and a $16,000 (or less) 993 sounds awfully tempting!
https://rennlist.com/forums/993-forum/415859-my-993-is-hurt-is-she-totalled-value-of-parts.html
The insurance company called to say it was totalled!
They are doing a market analysis and will make an offer hopefully tomorrow. If the buyback is $8000 or less I plan to keep the car. Go ahead and PM me with any parts requests.
I've talked to LA Porsche dismantlers, and they can supply an entire right side of a car, custom cut to fit the damage, including stock front suspension, door, and front fender for $3700. I hear they have a shady reputation, but if I go pick up the parts myself (I live in LA) there shouldn't be a problem.
A friend of mine has a body shop where he rebuilds totals like mine, and he says it will be around $4000 with frame machine time, paint, everything needed to restore it. He would make sure all suspension mounting points were factory correct, but I would install the front suspension myself. He does great work and I'd trust any car that comes out of his shop.
Am I crazy to even be thinking about taking on such a project? I could sure use the settlement money to buy one of the foreclosure houses we've been looking at, and a $16,000 (or less) 993 sounds awfully tempting!
Last edited by midnite993; 04-04-2008 at 03:32 PM.
#2
I have been down this road before.
What you will have at the end of the day is a 993 that is worth probably less than 16k. That doesn't factor in time, intangibles, etc. Of course, if you want to keep it forever that changes things a bit but I still wouldn't do it.
I would buy it back and then sell the whole car as a package. Should be worth quite a bit more than 8k.
What you will have at the end of the day is a 993 that is worth probably less than 16k. That doesn't factor in time, intangibles, etc. Of course, if you want to keep it forever that changes things a bit but I still wouldn't do it.
I would buy it back and then sell the whole car as a package. Should be worth quite a bit more than 8k.
#3
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I've repaired my 993 twice; I bought it damaged and managed to do a little damage myself. Both times I bought all of the parts from LA Porsche Dismantlers. Todd and Sara couldn't have treated me better. Put your 993 on a trailer and take it by their place and they will pull the parts you need or at least figure out what you need and gather them for you.
Having a good body shop that will take care of you is a major part of the project. If you plan on keeping the 993 for a while, go for it. If you tend to go only keep cars for a short period of time, don't do it. The salvage title will hurt any resale. Good luck and keep us posted.
Having a good body shop that will take care of you is a major part of the project. If you plan on keeping the 993 for a while, go for it. If you tend to go only keep cars for a short period of time, don't do it. The salvage title will hurt any resale. Good luck and keep us posted.
#4
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Whatever your decision, make it with a complete absence of emotion. Emotions are for decisions related to living things, not wrecked machines (Don't ask me how I know).
Increase the parts and labor estimates by a factor if 1.5 (It doesn't matter what anyone told you...The cardinal law of collision repair is that it always costs a lot more than first thought) and increase whatever time you estimate you'll spend nursing the project by a factor of 3. The you'll be close to the actual cost in dollars and time.
Then ask yourself, "Would I rather be f**king around with this wreck or out driving a nice 993 I could have purchased with the insurance payout?"
Good luck,
Terry
Increase the parts and labor estimates by a factor if 1.5 (It doesn't matter what anyone told you...The cardinal law of collision repair is that it always costs a lot more than first thought) and increase whatever time you estimate you'll spend nursing the project by a factor of 3. The you'll be close to the actual cost in dollars and time.
Then ask yourself, "Would I rather be f**king around with this wreck or out driving a nice 993 I could have purchased with the insurance payout?"
Good luck,
Terry
#5
I'll just fill you in on the "obvious answer". Buy an early 1969-1973 body car, and put the 993 engine in it. You'll have a grin from ear to ear when you drive it.
John
John
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rebuild it as a track car!
Take the rest and buy a street 993.
Good luck!
#9
Rennlist Member
If $K (8 + 3.7 + 4) will get it rebuilt, that would make a good driver IMHO: track car? .... sure - but if I would trust my butt in it at 9/10ths+ on a track, I could easily live with it stressed to 5/10ths for spirited street fun ...
If the door and panels are refitted correctly, you'll never see the difference: few of these cars are candidates for investment - the rest are for us to enjoy as drivers ....
If the door and panels are refitted correctly, you'll never see the difference: few of these cars are candidates for investment - the rest are for us to enjoy as drivers ....
#10
I'm not sure I totally agree. Do you all see what's happening with the long hood cars? Even nice 911Ts are fetching big $$$. IMHO 993s will be similarly valued in the years to come.
#11
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It took 27 years since the last longhood was built for them to really start appreciating. Even longer for the Ts. 2022 is just around the corner!
#14
Burning Brakes
Use the insurance money and buy another car. If you have $8k laying around buy the chassis and then decide when/what to do. Parting a car sounds easy, but factor the time, boxes, shipping cost, eBay fees, PayPal fees and it's not so lucrative.
#15
Also factor in a place to have your buy back sitting for who knows how long.