Ok, I found a 997tt with ceramic brakes and loaded with all the other goodies including manual gear box and less than 40k miles...but it has a salvaged title. I saw similar cars without ceramic brakes advertised for $70k with clean title.

If all the repair work is documented and performed by certified Porsche tech oem Porsche parts and paint was professionally done how much should the salvaged title devalue the car? $15k?! If there is photographic documentation, Porsche receipts, and clean ppi why not consider a car that was above my price range??!

Any insurance or financing issues with a salvage title?

 

It would make a great dedicated track car. Or a forever car. But expect difficulties when it comes time to sell. Not many would touch an expensive salvage titled car. So eyes wide open if you buy it regardless of the deal you get now.

 

Will you be flipping it or selling in the next few years? Almost everyone on the forums would say run. It simply would be harder to sell at the same price you pay for it, the market is smaller, much smaller. If it is really cheap and has no electrical or frame issues and you'll enjoy it then it is worth really what you are willing to spend and likely not recover.

Not really an answer, but my son worked for a high end dealer and they sold the occasional salvage car and the folks buying them were very happy. Sometimes decisions like this are based on what we think others will think. If you don't care and it makes you happy then get what you think is a great deal. It certainly isn't an investment...in my view .

What year is it? Ya gotta figure it's 'worth' a whole lot less then they'll be asking .

 

My rule of thumb for a salvage title vehicle regardless of the make, is to take 40% off book value for when I purchase and plan to sell. Also banks typically don't loan money on bad titles.

 

If it was salvage because it was wrecked, and there was no frame damage, I won't be worried. You likely won't have any resell value as mentioned.

But if it was flooded or the inspection didn't look right, I would run.

 

if you're keeping it for awhile, have fun but realize your resale value will be less than what you'd like. My impression is that salvage / rebuilt cars take about a 33% hit from market value.

 

What was the damage on the car? I'd stay away from frame-damaged twin-turbos; at that price level there are other Porsche options. Otherwise it's a trackday car or a forever car.

 

who said all that meticulous work was done to it

 

33-40% from current book value and assuming the car is running perfectly without frame/electrical/mechanical issues.

 

Thanks, that is what I figured. I'll pass on this 2008 997tt since it is a cabriolet and that further limits its use as a track car. Ill stick to the original plan and keep looking for a c4s coupe.