Porsche 996 Carrera 1999 FIXER.- $12000 (Sacramento)
03-28-2010, 09:58 AM
#16
No opinion on this particular car, but I think people are sometimes too hard on themselves about resale value post-repair. Unless it's your plan to sell the car right after it's fixed up, who cares? The value of the car lies in its future utility to you, plus its resale value when you're finally sick of it which, a few years down the road, might not be meaningful given 996 depreciation in general.
I find it clears the head a little to take a more rational view of the economics. Market value is meaningless unless you're in the market. (Or, I guess, unless you're in an overmortgaged house). My car is certainly upside down if you think of it in terms of investment versus resale value, and yet I put more money in the bank every month than someone who stretched himself to buy a newer one. Just another perspective...
I find it clears the head a little to take a more rational view of the economics. Market value is meaningless unless you're in the market. (Or, I guess, unless you're in an overmortgaged house). My car is certainly upside down if you think of it in terms of investment versus resale value, and yet I put more money in the bank every month than someone who stretched himself to buy a newer one. Just another perspective...
03-28-2010, 12:34 PM
#17
Parts Specialist
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150000 miles 
the car is worthless!
$12k for new motor, $10k for body repair, $3k in basic maintenance to make sure its ready to roll (brakes, tires, tranny fliud ect)
give it to me, I will save you the headache
the car is worthless!
$12k for new motor, $10k for body repair, $3k in basic maintenance to make sure its ready to roll (brakes, tires, tranny fliud ect)
give it to me, I will save you the headache
03-28-2010, 12:58 PM
#18
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Id buy it it for $10K....get a gt3 body kit (which would replace bumpers)....and perform fluid changes and daily drive it till the motor blew to smitherines....then gradually replace the motor and make it a track car.
03-29-2010, 12:24 AM
#20
The Seller IS a Porsche parts recycler. It is just probably easier/faster to sell the whole car as is for $10-12k than part it out piece by piece. Don't forget to negotiate on the final price.
03-29-2010, 12:36 AM
#21
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03-29-2010, 01:02 AM
#22
Race Director
May be more to it than that. Why would not the seller do the cheap fix and turn a higher profit? After all he most likely already has the parts, bolt them on, detail the car and turn a much higher profit. Businesses generally do what's best for them economically. Interested? better check the coolant for oil.
One portion of this inspection requires the tech to confirm via wheel alignment the chassis was made straight. This can be, is almost always is, a time consuming and expensive operation.
But without this the car is not roadworthy and body and suspension and drivetrain components will not fit right will not look right and the car will not be right.
The car would be a buyer's nightmare and in most states a seller's nightmare when the buyer came back with the car over and over again. In CA a shop that fixes a wrecked car is on the hook for a long time: Essentially the shop warranties the work for as long as you own the car.
That old of a car, with that many miles, and that sort of damage, is a parts donor or track car at best and in this case only for someone who can make it so.
Sincerely,
Macster.
03-29-2010, 01:25 AM
#23
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03-29-2010, 01:37 AM
#24
Drifting
[QUOTE=Macster;7435255]If that car has a salvage title Porsche would not consider the car properly repaired until it passed inspection by one of its techs. (Chances are the state before it would issue a new title and allow the car to be registered would require the vehicle be inspected by one of its inspectors to certify the car safe and roadworthy.)
One portion of this inspection requires the tech to confirm via wheel alignment the chassis was made straight. This can be, is almost always is, a time consuming and expensive operation.
But without this the car is not roadworthy and body and suspension and drivetrain components will not fit right will not look right and the car will not be right.
The car would be a buyer's nightmare and in most states a seller's nightmare when the buyer came back with the car over and over again. In CA a shop that fixes a wrecked car is on the hook for a long time: Essentially the shop warranties the work for as long as you own the car.
That old of a car, with that many miles, and that sort of damage, is a parts donor or track car at best and in this case only for someone who can make it so.
Sincerely,
Macster.[/QUOTE
In Utah, even if repaired and considered roadworthy by the individual or shop that repaired it, the car title is still branded, "Salvage". It can be sold, registered, retitled, insured, but will carry the "Salvage" designation. I don't even know if it's possible to clear the title here, as near new vehicles sold with a branded (Salvage) title may look perfect in every respect but have been reported as a total loss by the insurance company for various reasons like collision, flood, fire, theft or others.
One portion of this inspection requires the tech to confirm via wheel alignment the chassis was made straight. This can be, is almost always is, a time consuming and expensive operation.
But without this the car is not roadworthy and body and suspension and drivetrain components will not fit right will not look right and the car will not be right.
The car would be a buyer's nightmare and in most states a seller's nightmare when the buyer came back with the car over and over again. In CA a shop that fixes a wrecked car is on the hook for a long time: Essentially the shop warranties the work for as long as you own the car.
That old of a car, with that many miles, and that sort of damage, is a parts donor or track car at best and in this case only for someone who can make it so.
Sincerely,
Macster.[/QUOTE
In Utah, even if repaired and considered roadworthy by the individual or shop that repaired it, the car title is still branded, "Salvage". It can be sold, registered, retitled, insured, but will carry the "Salvage" designation. I don't even know if it's possible to clear the title here, as near new vehicles sold with a branded (Salvage) title may look perfect in every respect but have been reported as a total loss by the insurance company for various reasons like collision, flood, fire, theft or others.
03-29-2010, 04:05 PM
#25
Race Director
[QUOTE=nick49;7435324]
Same is true in CA.
I had the opportunity -- not that I wanted it -- so sell a car with a salvage title.
My new 08 Cayman S was destroyed (declared a total loss anyhow) by another drive'rs insurance company. As part of the settlement I retained salvage rights to the car.
After receiving a letter from the other insurance company I obtained a salvage certificate for the car from the CA DMV then arranged to sell the car at a salvage car auction. I observed the sale from the sidelines. When it was announced the car had a salvage title a collective groan arose from the crowd of potentional bidders/buyers.
The car even if repaired - and I believe it bought by a couple of guys who intend to repair it and put it back on the road -- will always carry the stigma of a salvage car.
Sincerely,
Macster.
If that car has a salvage title Porsche would not consider the car properly repaired until it passed inspection by one of its techs. (Chances are the state before it would issue a new title and allow the car to be registered would require the vehicle be inspected by one of its inspectors to certify the car safe and roadworthy.)
One portion of this inspection requires the tech to confirm via wheel alignment the chassis was made straight. This can be, is almost always is, a time consuming and expensive operation.
But without this the car is not roadworthy and body and suspension and drivetrain components will not fit right will not look right and the car will not be right.
The car would be a buyer's nightmare and in most states a seller's nightmare when the buyer came back with the car over and over again. In CA a shop that fixes a wrecked car is on the hook for a long time: Essentially the shop warranties the work for as long as you own the car.
That old of a car, with that many miles, and that sort of damage, is a parts donor or track car at best and in this case only for someone who can make it so.
Sincerely,
Macster.[/QUOTE
In Utah, even if repaired and considered roadworthy by the individual or shop that repaired it, the car title is still branded, "Salvage". It can be sold, registered, retitled, insured, but will carry the "Salvage" designation. I don't even know if it's possible to clear the title here, as near new vehicles sold with a branded (Salvage) title may look perfect in every respect but have been reported as a total loss by the insurance company for various reasons like collision, flood, fire, theft or others.
One portion of this inspection requires the tech to confirm via wheel alignment the chassis was made straight. This can be, is almost always is, a time consuming and expensive operation.
But without this the car is not roadworthy and body and suspension and drivetrain components will not fit right will not look right and the car will not be right.
The car would be a buyer's nightmare and in most states a seller's nightmare when the buyer came back with the car over and over again. In CA a shop that fixes a wrecked car is on the hook for a long time: Essentially the shop warranties the work for as long as you own the car.
That old of a car, with that many miles, and that sort of damage, is a parts donor or track car at best and in this case only for someone who can make it so.
Sincerely,
Macster.[/QUOTE
In Utah, even if repaired and considered roadworthy by the individual or shop that repaired it, the car title is still branded, "Salvage". It can be sold, registered, retitled, insured, but will carry the "Salvage" designation. I don't even know if it's possible to clear the title here, as near new vehicles sold with a branded (Salvage) title may look perfect in every respect but have been reported as a total loss by the insurance company for various reasons like collision, flood, fire, theft or others.
I had the opportunity -- not that I wanted it -- so sell a car with a salvage title.
My new 08 Cayman S was destroyed (declared a total loss anyhow) by another drive'rs insurance company. As part of the settlement I retained salvage rights to the car.
After receiving a letter from the other insurance company I obtained a salvage certificate for the car from the CA DMV then arranged to sell the car at a salvage car auction. I observed the sale from the sidelines. When it was announced the car had a salvage title a collective groan arose from the crowd of potentional bidders/buyers.
The car even if repaired - and I believe it bought by a couple of guys who intend to repair it and put it back on the road -- will always carry the stigma of a salvage car.
Sincerely,
Macster.
04-06-2010, 04:24 PM
#27
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May be more to it than that. Why would not the seller do the cheap fix and turn a higher profit? After all he most likely already has the parts, bolt them on, detail the car and turn a much higher profit. Businesses generally do what's best for them economically. Interested? better check the coolant for oil.
http://sfbay.craigslist.org/sfc/cto/1679147724.html
04-06-2010, 06:22 PM
#28
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This looks exactly like a car I looked at that was sold at the Coparts salvage auction in Martinez, CA two weeks ago and had 158k. Auction flipper is overpriced by 6k at least, but as they say, there is an *** for every seat.
04-06-2010, 06:35 PM
#29
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04-06-2010, 06:57 PM
#30
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Salvage title.......
no likey!
Only a idjit would fall for that stunt............
thing is a leper........ no cure. ever.
no likey!
Only a idjit would fall for that stunt............
thing is a leper........ no cure. ever.