Notices
997 GT2/GT3 Forum 2005-2012
Sponsored by:
Sponsored by: Porsche North Houston

What is a CL to 5 -lug conversion worth on Re-sale....NOW?

Thread Tools
 
Search this Thread
 
Old 01-26-2013, 04:29 PM
  #1  
DJN
Rennlist Member
Thread Starter
 
DJN's Avatar
 
Join Date: Aug 2008
Location: Las Vegas
Posts: 897
Received 63 Likes on 38 Posts
Default What is a CL to 5 -lug conversion worth on Re-sale....NOW?

Hi Gents,

Discussion Topic:

With the newest re-call and the accompanying recommendations for rear hub and bearing replacement at 4200 miles/7000 km, and front hub and bearing replacement at 8400 miles/14000 km., the game has changed to a rather expensive one.

So the question is: What is a CL to 5 -lug conversion worth on a Used Car Re-sale....NOW? More, the same, less?

Facts:

1) Parts cost $1750-2000 for 5 lug conversion, labor $1000-1200 (10 to 12 hours for all for corners), Wheel cost "net" (buying new 5 lug type and selling used CL's) $2500 to 5000 per wheel set depending on your horse-trading abilities. Therefore, the likely cost range for the conversion is $5250-8200 for one wheel set only.

2) Note that future costs for CL cars every 4200 track miles will be: For Rear - Parts ~$2000, Labor $700-1000, so about $2700. Then alternately when all 4 wheels need done at the 8400miles/14000km interval, Parts ~$3500, Labor $1000-1200, so about $4500.


Note on the 5 lug converted cars, one still needs to swap out wheel bolts or studs and nuts on track drive cars, and also deal with wheel bearings from time to time, depending on the amount of abuse (i.e. running the curbs hard....right Mooty?).

So, I think the CL conversion to 5 lug conversion is worth atleast a $5000 premium in the re-sale market place.

1) The 5-lug system is lighter than the CL system
2) The 5-lug system is cheaper to maintain than the CL system
3) The 5-lug system is safer than the CL system
4) The 5-lug system is also easier for the general public to work on with simple hand tools.


Ok let games and comments begin..........be nice!

Cheers!
Doug N.
Old 01-26-2013, 04:45 PM
  #2  
tcsracing1
Rennlist Member
 
tcsracing1's Avatar
 
Join Date: May 2008
Location: Somewhere in a galaxy far, far away....
Posts: 17,107
Likes: 0
Received 258 Likes on 172 Posts
Default

It is worth it to me, but in the world of resale most buyers know nothing and want 100% stock.

Id say a noob buyer seeing 5 lugs on a centerlock car would freak them out even if they kinda know about centerlock issues.

FWIW, personally I would take a 5 lug converted car over a centerlock car if given a choice.
Old 01-26-2013, 04:46 PM
  #3  
M3EvoBR
Banned
 
M3EvoBR's Avatar
 
Join Date: Dec 2010
Location: South Florida
Posts: 3,501
Likes: 0
Received 1 Like on 1 Post
Default

in regular market less for sure.
Selling as a track car, don't know ... I would assume still less, or at least would narrow your sale options.
If you sell the car with both, maybe the same and slightly more, and remember you would probably due to recall on those parts anyway.
Old 01-26-2013, 05:40 PM
  #4  
Serge944
Rennlist Member
 
Serge944's Avatar
 
Join Date: Apr 2003
Location: California
Posts: 8,022
Likes: 0
Received 55 Likes on 29 Posts
Default

The maintenance on a 5 lug car is the same...

You drive a car like a race car, you need to maintain it like one. If you want to neglect maintenance, its up to you, but with 5 lug, your wheel wont fall off.
Old 01-26-2013, 06:17 PM
  #5  
911rox
Rennlist Member
 
911rox's Avatar
 
Join Date: Jan 2008
Location: Regretfully not at a track... :(
Posts: 2,571
Received 24 Likes on 16 Posts
Default

I would expect less for a 5 lug converted car because it no longer has oem wheels and therefore seems modified PLUS it highlights to the buyer that it was a well tracked car!

I feel tcs and m3evo are both pretty correct on this point!

Problem is further compounded by the fact that even the CL cars will start to take hits if buyers become aware of the CL issue as they won't be taking the seller's word for it with regards to log books. They will likely want to take $4-5k off the price to refresh hubs personally or demand an invoice to show it was recently done.....


Originally Posted by Serge944
The maintenance on a 5 lug car is the same...

You drive a car like a race car, you need to maintain it like one. If you want to neglect maintenance, its up to you, but with 5 lug, your wheel wont fall off.
Not true... Yes, these parts, particularly the bearings will wear and need to be replaced with regular track use but Porsche have never had a timeout schedule for 5 lug cars as they do now for CL cars. A tired bearing lets you know it is, a failing CL hub doesn't...

Porsche have simply F'ed up and rather than take responsibility and fix the problem, they have passed the repair tab over to us with the excuse that we use them like race cars so we must pay, yet the 996 and 997.1 gt owners don't have to replace hubs every 7000km, hmmmm...
Old 01-26-2013, 06:50 PM
  #6  
tcsracing1
Rennlist Member
 
tcsracing1's Avatar
 
Join Date: May 2008
Location: Somewhere in a galaxy far, far away....
Posts: 17,107
Likes: 0
Received 258 Likes on 172 Posts
Default

Originally Posted by Serge944
The maintenance on a 5 lug car is the same...

You drive a car like a race car, you need to maintain it like one. If you want to neglect maintenance, its up to you, but with 5 lug, your wheel wont fall off.
5 lug requires less maintenance.
Old 01-26-2013, 07:05 PM
  #7  
Targa Tim
Rennlist Member
 
Targa Tim's Avatar
 
Join Date: Aug 2003
Location: Canada
Posts: 2,878
Received 80 Likes on 31 Posts
Default

Originally Posted by Serge944
but with 5 lug, your wheel wont fall off.
I'm no good at predicting any future values, but the above statement is priceless to me as a track driver.

Conversion to 5 lugs on my RS is inevitable, probably in 2014.
Old 01-26-2013, 07:23 PM
  #8  
911rox
Rennlist Member
 
911rox's Avatar
 
Join Date: Jan 2008
Location: Regretfully not at a track... :(
Posts: 2,571
Received 24 Likes on 16 Posts
Default

Originally Posted by Targa Tim
I'm no good at predicting any future values, but the above statement is priceless to me as a track driver.

Conversion to 5 lugs on my RS is inevitable, probably in 2014.
For a keeper, its a must.... I will likely follow suit.... By the time I'm ready to part with the car it will be worth nothing regardless of hub setup...
Old 01-26-2013, 08:15 PM
  #9  
DJN
Rennlist Member
Thread Starter
 
DJN's Avatar
 
Join Date: Aug 2008
Location: Las Vegas
Posts: 897
Received 63 Likes on 38 Posts
Default

Originally Posted by 911rox
I would expect less for a 5 lug converted car because it no longer has oem wheels and therefore seems modified PLUS it highlights to the buyer that it was a well tracked car!

I feel tcs and m3evo are both pretty correct on this point!

Problem is further compounded by the fact that even the CL cars will start to take hits if buyers become aware of the CL issue as they won't be taking the seller's word for it with regards to log books. They will likely want to take $4-5k off the price to refresh hubs personally or demand an invoice to show it was recently done.....

Not true... Yes, these parts, particularly the bearings will wear and need to be replaced with regular track use but Porsche have never had a timeout schedule for 5 lug cars as they do now for CL cars. A tired bearing lets you know it is, a failing CL hub doesn't...

Porsche have simply F'ed up and rather than take responsibility and fix the problem, they have passed the repair tab over to us with the excuse that we use them like race cars so we must pay, yet the 996 and 997.1 gt owners don't have to replace hubs every 7000km, hmmmm...
Interesting points Chris! Thanks for the input!

Some tracked cars, however, are better maintained than street cars, but for the most part you, tcs, and M3EVO, may well be correct. However, I'd say a true forged wheel upgrade may well equal or exceed OEM value.

On your second point de-valuing because of buyer being aware of CL issue, this was mostly the point of my original post, I believe this may take its toll eventually.

On your third point, 5 lug studs and nuts, or bolts are cheap and simple to swap out. And wheel bearings are wear items that give you notice, I fully agree.

And you truly hit home with your last point: "Porsche have simply F'ed up and rather than take responsibility and fix the problem, they have passed the repair tab over to us with the excuse that we use them like race cars so we must pay, yet the 996 and 997.1 gt owners don't have to replace hubs every 7000km, hmmmm... " this is absolutely spot on.....beer for you!


Cheers!
Doug N

Last edited by DJN; 01-28-2013 at 09:26 AM. Reason: typo
Old 01-26-2013, 08:19 PM
  #10  
jumper5836
Nordschleife Master
 
jumper5836's Avatar
 
Join Date: Mar 2004
Location: great white north
Posts: 8,531
Received 72 Likes on 48 Posts
Default

with 2 cars being equal I'd prefer getting one with 5 lug. Otherwise that would be my first and probably only mod.
Old 01-26-2013, 08:25 PM
  #11  
M3EvoBR
Banned
 
M3EvoBR's Avatar
 
Join Date: Dec 2010
Location: South Florida
Posts: 3,501
Likes: 0
Received 1 Like on 1 Post
Default

I believe the only wheel that might not make the car loose value is BBS, even than I Believe the car should have it's OEM wheel, otherwise will loose value. The GT3s will take a bigger hit than RS first because of production number and second because of CL, but that being said, will take a long time to be able to see those cars in the 80s, specially because they went up in value in the last few months.
my 2 cents
Old 01-26-2013, 08:56 PM
  #12  
911rox
Rennlist Member
 
911rox's Avatar
 
Join Date: Jan 2008
Location: Regretfully not at a track... :(
Posts: 2,571
Received 24 Likes on 16 Posts
Default

Originally Posted by DJN
Interesting points Chris! Thanks for the input!

Some tracked cars, however, are better maintained than street cars, but for the most part you, tcs, and M3EVO, may well be correct. However, I'd say a true forged wheel upgrade may well equal or exceed OEM value.

On your second point de-valuing because of buyer being aware of CL issue, this was mostly the point of my original post, I believe this may take its toll eventually.

On your third point, 5 lug studs and nuts, or bolts are cheap and simple to sway out. And wheel bearings are wear items that give you notice, I fully agree.

And you truly hit home with your last point: "Porsche have simply F'ed up and rather than take responsibility and fix the problem, they have passed the repair tab over to us with the excuse that we use them like race cars so we must pay, yet the 996 and 997.1 gt owners don't have to replace hubs every 7000km, hmmmm... " this is absolutely spot on.....beer for you!


Cheers!
Doug N
Hey Doug, thanx for the beer!

I fully agree with you that tracked cars are generally better maintained than those garage queens that see the street once every 6 months and an oil change once every 3 years... Regretfully the uneducated buyer discounts these cars for being used as intended...

I plan to go down the path you've pioneered when my next hub time out occurs. I'd prefer to have something functioning to sell for less rather than a wreck for next to nothing!
Old 01-26-2013, 09:28 PM
  #13  
enthusiast
Rennlist Member
 
enthusiast's Avatar
 
Join Date: Dec 2002
Location: Colorado
Posts: 2,231
Likes: 0
Received 36 Likes on 28 Posts
Default

Stock, especially if the car is still under Porsche warranty.
Old 01-26-2013, 10:30 PM
  #14  
Serge944
Rennlist Member
 
Serge944's Avatar
 
Join Date: Apr 2003
Location: California
Posts: 8,022
Likes: 0
Received 55 Likes on 29 Posts
Default

Either way, its a drop in the bucket considering all the other costs of logging 4200 track miles. Big picture.
Old 01-26-2013, 11:03 PM
  #15  
mdrums
Race Director
 
mdrums's Avatar
 
Join Date: Mar 2006
Location: Tampa
Posts: 15,358
Received 180 Likes on 127 Posts
Default

I tried to sell my center locks and wheels for a while and really couldn't find any takers. Stock center lock wheels seem to only pull $1000-1500 if lucky.


Quick Reply: What is a CL to 5 -lug conversion worth on Re-sale....NOW?



All times are GMT -3. The time now is 07:25 AM.