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I banged up the 993, effect on value?

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Old 07-19-2014, 10:16 AM
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jhg41977
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Default I banged up the 993, effect on value?

1996 993C4S with 96k, miles on it.

I ended up in a tire wall at the track. Body damage is substantial, undamaged panels are drivers door and rear quarter, deck lid and rear bumper. Pretty much everything else is bent, dented or completely wrinkled. The frame has a slight twist according to the body shop. It is on the border of total loss or repairable. I won't know until next week or so.

I have track insurance so that's not the issue.

If repaired and it has a complete glass out respray and repair from a repair shop that does a lot of Porsche work (and does it well) what impact does this have on value? Mechanically the car is excellent. Cosmetically before the accident it was ok.

Thanks guys.
Old 07-19-2014, 10:25 AM
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ilko
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Currently about $10K or so. Possibly more with the bent frame and all. And that's if it's repaired properly. In the future who the hell knows. I wouldn't fret on it, just fix, and enjoy it.

Are you sure ins co won't total it? Sounds like a lot of work will be involved to get it back to where it should be.
Old 07-19-2014, 10:33 AM
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jhg41977
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I'm not sure, the final estimate isn't in. The adjuster looked at it and the shop gave a ballpark figure at that time. So far, the insurance company is ok to fix it.
Old 07-19-2014, 11:16 AM
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lopro
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I have a pile of 993 parts and body panels so if you need anything just let me know.
hood bumpers fenders you name it I have it forsale.
Old 07-19-2014, 11:43 AM
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AOW162435
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Very sorry to hear of the accident. As for value loss, think of all the 356s that were wrapped around trees, smashed, totaled, and chopped up - and now command $200,000 - $400,000.



Andreas
Old 07-19-2014, 12:17 PM
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NP993
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Sorry to hear about this. Do you know Damon at Series 900?
Old 07-19-2014, 12:19 PM
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NYC993
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Sorry to hear that, glad you were ok. I was just thinking that I should get track insurance for an upcoming DE.

Who is insurance provider? Please let us know how the whole process goes.
Old 07-19-2014, 12:24 PM
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jhg41977
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I have been using Lockton since last year. Not cheap but in my case definitely worth it.
Old 07-19-2014, 12:59 PM
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H.H.Chinn
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So sorry to hear of your off track incident. I hope your insurance covers you well. If you are going to repair the car and have it retain it's imperative that you take it to a shop that will faithfully restore the car down to the fastener. I am currently dealing with a well referred local shop that did great paint work but failed miserably with the reassembly. Best of luck!!
Old 07-19-2014, 01:12 PM
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pp000830
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Bent and twisted, can you get your insurance to total it out as it may never drive the same again. I knew a guy who had a similar issue with a 928, he went to great lengths to put it back together. It was never the same and caused him lots of aggravation after the fact.
Old 07-19-2014, 01:55 PM
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OverBoosted28
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Try "ontrackinsurance.com". They'll pull up the event you're considering and give you a quote for the day(s).
Old 07-19-2014, 02:07 PM
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doc_porsche
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Sucks to hear. I think if you mainly track the car, just fix it and enjoy. If ghats the route you are taking, have ins. Total out, buy back and fix it for track duty at a discount. I think the hit is going to be substantial, only because I'm in the same boat. GL
Old 07-19-2014, 02:09 PM
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Originally Posted by AOW162435
Very sorry to hear of the accident. As for value loss, think of all the 356s that were wrapped around trees, smashed, totaled, and chopped up - and now command $200,000 - $400,000.



Andreas
I'm with Mr. Clean on this.

If you're looking short term, you will definitely take a hit on price (~%25??). Going forward, a car's current condition will be more important than past issues. Meticulously repaired and documented cars will still be attractive. The number of honest-to-goodness, "no accident" cars gets smaller each year.

Sorry to hear of your mishap, at least the car was being enjoyed when it happened.
Old 07-19-2014, 02:16 PM
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jhg41977
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Originally Posted by timothymoffat
I'm with Mr. Clean on this.

If you're looking short term, you will definitely take a hit on price (~%25??). Going forward, a car's current condition will be more important than past issues. Meticulously repaired and documented cars will still be attractive. The number of honest-to-goodness, "no accident" cars gets smaller each year.

Sorry to hear of your mishap, at least the car was being enjoyed when it happened.
Oh we were having a great time!
Old 07-19-2014, 02:22 PM
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Originally Posted by jhg41977
Oh we were having a great time!
Good to hear!

If the insurance company doesn't total it, look at this as an opportunity to freshen up the paint and put in new glass and lenses etc. As long as the repairs are done properly, the car will look like new when done and you can continue to enjoy it for years to come. Will it have a story? Of course, but the best stories happen when you're having fun.

The gentleman that had his car crushed before delivery doesn't have a story......that's a nightmare.


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