Salvage/Rebuilt 993?
Addict
Rennlist Member
Rennlist Member
Joined: Mar 2002
Posts: 42,477
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From: Corpus Christi, Texas
Race Car
Joined: May 2005
Posts: 4,902
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From: The Bluegrass State
Mike
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Joined: Jun 2004
Posts: 820
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From: SoCal
I have a friend who makes his business on salvage cars (mostly parts, but some repair and resell). There are a LOT of good deals to be had but you must do your homework to get something that has been repaired right. That usually includes an alignment check and and body shop inspection (in addition to the PPI). As others said, you must also be prepared to find the right buyer at resale time and not expect to get "market value".
Unfortunately, some cars like Porsche 911s and BMW M-Series don't lend themselves to salvage repairs well. This is due to the high value of their parts. Since the parts are worth so much, the complete car price is driven up too high to where it within 10-20% of the equivalent clear title car and is no longer worth it. This car looks to have a pretty easy $20K in parts alone. Maybe more but blue interior could be a tough sell.
Playing devil's advocate, this car could be worth it if you do your homework and don't expect a perfect, immaculate, no-stories 993. What would the equivalent "S" bodied car with the wheels, suspension, etc cost???
Only problem I see here is doing your homework in 45 minutes via Ebay.
Unfortunately, some cars like Porsche 911s and BMW M-Series don't lend themselves to salvage repairs well. This is due to the high value of their parts. Since the parts are worth so much, the complete car price is driven up too high to where it within 10-20% of the equivalent clear title car and is no longer worth it. This car looks to have a pretty easy $20K in parts alone. Maybe more but blue interior could be a tough sell.
Playing devil's advocate, this car could be worth it if you do your homework and don't expect a perfect, immaculate, no-stories 993. What would the equivalent "S" bodied car with the wheels, suspension, etc cost???
Only problem I see here is doing your homework in 45 minutes via Ebay.
Intermediate
Joined: Mar 2008
Posts: 43
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I just wanted to get a heads up on some peoples ideas on resale value in regards to 993's. I understand a low mileage pristine museum piece would have decent value but I am not one to believe that a car once it has over 10000 or so miles would fit into the class of anything but a daily driver car.
I dont have a problem with salvage cars either. I think they can be great as a daily driver or a track car. I am also not really too worried about repairs I have a few mechanics on the payroll who seem to do nothing but linger around the shop so fixing my junk is not much of an issue.
I agree as a person who has bought salvage cars it is a issue making a purchase so quickly with out knowing all the facts.
I dont have a problem with salvage cars either. I think they can be great as a daily driver or a track car. I am also not really too worried about repairs I have a few mechanics on the payroll who seem to do nothing but linger around the shop so fixing my junk is not much of an issue.
I agree as a person who has bought salvage cars it is a issue making a purchase so quickly with out knowing all the facts.
Race Car
Joined: May 2005
Posts: 4,902
Likes: 13
From: The Bluegrass State
I was at an auction (dealer only) about a month or so ago an a 97 993 coupe (Artic Silver/Classic Gray)came through. At fist I was intrigued an quickly ran a Carfax. BINGO! Salvage title. Now the car didn't look horrible, but it was a little on the edgy side. The car had miles in the low 70's. Guess what it brought.
$11,700.00
And the bank sold it. It would have made a good track car except it was a Tiptronic. There is an *** for every seat. Now on the face of it that was a cheap 993 to get into but it had stories a mile long and when everyone heard the auctioneer announce salvage title they just walked the other way. From a selling standpoint why deal with something like this just because it's cheap? Buy a nice car and they sell themselves. Remember this is comming from a seller's point of view and not a buyers, but I buy cars with the same philosophy.
Mike
$11,700.00
And the bank sold it. It would have made a good track car except it was a Tiptronic. There is an *** for every seat. Now on the face of it that was a cheap 993 to get into but it had stories a mile long and when everyone heard the auctioneer announce salvage title they just walked the other way. From a selling standpoint why deal with something like this just because it's cheap? Buy a nice car and they sell themselves. Remember this is comming from a seller's point of view and not a buyers, but I buy cars with the same philosophy.
Mike
Intermediate
Joined: Mar 2008
Posts: 43
Likes: 0
I know where you are coming from in regards to buying one!!
I do really like the idea of just putting something back together after it has been damaged. I like the work involued in it and it makes it alot of fun for me. I have never sold a project I have taken on, it is in a way some sort of therapy for me I guess.
I take seem to approach it the same way I would a kit car...
I do really like the idea of just putting something back together after it has been damaged. I like the work involued in it and it makes it alot of fun for me. I have never sold a project I have taken on, it is in a way some sort of therapy for me I guess.
I take seem to approach it the same way I would a kit car...
Pro
Joined: Jan 2002
Posts: 669
Likes: 5
From: Switzerland
re: ebay salvage/rebuild...looks like someone's trying to unload it http://midatlanticmotorwerkes.com/inventory.php I asked the ebayer if it was the same car...no response. Run Forest Run!
I founded the price so low and this dealer is located in VA.So for me it was a good deal.
2 weeks later the guy answers me this : hey, sorry as i was on vacation both when you had emailed and when the car sold. a guy in Canada purchased it 2 days after i put it on Cars.com. Greg
so the car is in NY now, and 2WD !!!! run forrest run!
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