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Found this north of Seattle https://seattle.craigslist.org/sno/cto/6203098795.html
I called and the story is that it is a theft recovery written off by Insurance and that it is in perfect condition. The current seller just bought it to flip it and has zero knowledge or understanding about the car. My question is, Why would an Insurance Company total a perfectly good car just because it was stolen?
Last edited by shmelvin; 07-17-2017 at 02:57 PM.
Reason: add pic
I am very curious about the New Haven CT 996. Not that I am in the market but... It is close to me...
Why did it sit for two years?
A mechanical issue seems most likely, but it's always worth asking. I know a guy whose Lotus sat for an entire driving season while he worked through knee problems.
Found this north of Seattle https://seattle.craigslist.org/sno/cto/6203098795.html
I called and the story is that it is a theft recovery written off by Insurance and that it is in perfect condition. The current seller just bought it to flip it and has zero knowledge or understanding about the car. My question is, Why would an Insurance Company total a perfectly good car just because it was stolen?
Answer: Like others have mentioned... Because, more than likely, the insurance company paid off the owner for the car. Most insurance companies will require a sufficient amount of time for law enforcement to recover the car. Usually 30 - 60 days, if the car is not recovered, then the owner is offered a payout. Then, if the car is ever recovered, the owner gets first opportunity to buy back the car. In the case of this white Carrera, the owner probably decided against buying it back. Why? More than likely, they used the money to buy another Porsche or bought something else. Insurance companies don't like to hold onto cars, and so they'll sell them locally or at auction for pennies on the dollar. I'm willing to bet you they sold that car to the current owner for about the same as the current DMV value which is in $10K range. The current DMV value on my 03 Cab was only $11K.
I was just over there last friday to try and pick up some parts, one of the staff wasn't very nice but I know little else of that dealership. At least good to know this lasted 129k miles without major fail
Not a totally bad deal considering the condition and miles. However, I've seen a few C4S (in this condition) for under $20,000 in the last 6 months. In fact, there was a low miles (under 50K miles) beautiful speed yellow C4S at a Porsche dealership for $22,900 in Cali. That was a crazy good deal. It looked brand new. If I had the money, I would have scooped it up. Kinda crazy what depreciation is doing to these cars. This is a car that a few years ago was commanding $35K+, but I guess with the poor reputation of the motor has caused it to depreciate. I looked up auction prices on this car and it seems a "fair" condition C4S will sell for about $17,500 on average. That's auction prices. Heck, I saw a 996 Turbo that was very nice go for $27,000 at a Barrett-Jackson auction. I would say it was in excellent condition and sure it would hit above $30K, but it didn't. Sadly, the auctioneer mentioned the hated "fried egg" headlights and IMS problems with the 996, but clarified that the Turbo had a different engine design. Oh well.
07-17-2017, 07:17 AM
