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I had a 92 968 for a while. Bought it as a bottom feed needing a lot of love. Frankly, after all I did to it, and drove for a while, it wasn't much more than a tarted up 944. The car traces back to the earliest 924s, and the feel is still there. The engine is grunty with good torque, but it's no track candidate.
Lots of specific 968 stuff involved as well. The DME is unique, it has a solenoid operated cam advance, the trans is a one-off with common problems with pinion bearings. Plenty of elec gremlins to worry over. It did not sell well and one of the reasons was it was badly over-priced compared to other cars in the same category out there. $12k is a decent price for that mileage, and good ext. But - it's going to need plenty of int love, and likely some seals replaced in the front of the engine. Also, it is a timing belt car, with interference engine. The TB/WP job is not too bad, but once you are in there, plenty of other bits to mess with. I have $100 says the fuel delivery and return lines are original from 1995. Yikes....
Docmirror is 100% right on target, I still have my 968 (12 years) which has become the "beater" daily driver while the 996 is saved for more important drives. The 968 is also a very good Porsche, just different. There are many comparison tests around on the Internet, just search.
Here is one from yesterday comparing 968 to 964 currently being discussed on the 968 forum:
I actually like the Mirage Metallic. I regret not being able to pull the trigger on this one $10K Tip with 65K miles, full Fabspeed (header to Tips) exhaust.
Interesting. I think it's legit though, I actually recognize the apartments in the picture for the Seattle ad (a friend used to live there). I wonder if he moved up from Oregon and towed the car with him?
The worst thing about that car is the salvage title. Not a good prospect to dump 10-14K into... unless you "love it and will want to drive it forever".
I've got one like this, a cabriolet that I bought back from the ins after contact with a rock broke my engine (in reality it just broke a water hose clamp). Loved the car... got sentimental and bought it back for 5K + fees. Now, I'm faced with that same math... 5400.00 in buyback costs + 12K for an engine + 2500 instalation fees + 2500 "while you are in there parts (clutch/aos/hoses/coilpacks/engine mounts;? 3500 engine core charge if not rebuildable? etc.)
So she sits.
There are lots of good cars out there in the 20+ K price range that don't have a title brand.
Yes, $7995 or $8500 is too much for a branded titled roller...even with the Aerokit.
In my opinion, once it has a branded title it is almost worthless as a roller.
It is worth more being parted out.