Stuff Other People Are Selling Place to post links to ads on other boards/Craigslist/etc. |
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#11
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Flooding a motor = $. Electronics = $. Wiring harness thats low in the car = $. etc etc. + labor. I suspect a car that sits in just a foot of water could be totaled. It will go up the tailpipe and enter the cyls.
And don't necessarily go by the headlights frosting. 996 headlights are plastic and frost badly from plain old UV in random patterns (I wonder if some waxes or cleaners attack them). Mine look like crap. You can polish them but haven't gotten to it.
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Stephen www.salazar-racing.com 1970 914/6 - 3.0L GT 1983 911SC - 3.32L IROC 1984 930 2008 S2R1000, dirt bikes (some gas, some electric), Sherco trials bike Sold: 2001 Boxster (hers), 2003 996tt x50 , SpecE30, 1996 E36M3 GTS2 racecar, 2015 Mustang GT |
#12
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I didn't offer a hard number, but I think he was a bit annoyed when I told him that I couldn't come close to what he was asking. I get the feeling he's had several offers much lower than his asking, at least I tried to couch it as much as I could.
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Rafi Z. 2002 C4S (FOR SALE) 1987 944 (Coil Overs, sold) 2000 Boxster (Long Gone) |
#13
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Couldn't you get more than $10k from a 996 just selling the drive train and a couple other assorted parts? IOW, despite the salvage title, it seems like it'd be easier to sell the car for > $10k in pieces than as a whole. And who cares about the title when you're doing that?
The car's not worth $27k, but (I think) is worth more in parts than $10k. So your number is probably in between somewhere. That said, this: would make me just walk away.
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Chris M 1985 911 Carrera with a couple cosmetic only mods 2006 E90 330i 1999 E46 328i |
#14
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I have not seen perfect examples of these cars selling for even $25k, asking price yes, but not selling at that level. I have been watching the market for three years because I was originally considering building a Spec 996. Oh the podiums I would have won, I could have been as famous as Scott B.
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#15
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Besides you still don't know the condition of the parts you are pulling. If the motor is original you'd have to worry about water, if it isn't then you have no idea on how many miles are on it. I don't want to be part of that type of scam, rather just drive.
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Rafi Z. 2002 C4S (FOR SALE) 1987 944 (Coil Overs, sold) 2000 Boxster (Long Gone) |
#16
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Scott Bresnahan Purcellville Va. http://agent.allstate.com/SBresnahan/Welcome 2014 GTB1 World Champion 8 Time National DE champion 88 911 Cup 13 Boxster S 1969 Saab Sonett 2005 Cayenne 2013 Cayenne 2014 F150 Hurricane race trailer with A/C 05 Cup car 02 Koni 996 |
#17
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A car with a salvage title needs to be rebuilt and is usually sold for the value of parting major components or keeping in mind substantial inlay of cash to achieve a rebuilt title.
What you are describing is wanting to buy this rebuilt 996 for the average price of a salvage car that still needs a ton of $$ put into it. A car with a rebuilt title sells for ~10/20% less than full retail. Not nearly 70% off retail. If you are serious and do your homework on the repairs done your offer should be in the -10/20% from full retail range. I would want to see a before picture and extensive documentation on what was repaired. Any shop would have kept those records so they can see where their bottom line is.
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-Paul Last edited by pjalexandre; 08-28-2012 at 02:21 PM. |
#18
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Touche' - I did laugh out loud at this
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#19
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Modern car + Flood = RFR. (Run Forest Run)
Unless he bites on the $10k offer and it is running working condition now.
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http://vimeo.com/29896988 “Those that can make you believe in absurdities can make you commit atrocities.” Voltaire. "There is grandeur in this view of life...." Darwin. The mountains are calling and I must go. “The earth has music for those who listen” Shakespeare. You Matter. (Until you multiply yourself times the speed of light squared. Then you Energy) “We’ve got lots of theories, we just don’t have the evidence’. |
#20
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So there are three parameters that have come out of this discussion.
FMV - fair market value of the car SEARCH - fair market value of determining the current state of the car REDUCE - the perceived reduction in value due to rebuilt title. SALE - final sales price where SALE = FMV - SEARCH - REDUCE Taking those three parameters into account it seems like we are all arriving at similar numbers. For instance assume the FMV is about $22k after basic maintenance and negotiation is taken into account, also assume a week worth of desk and shop time at $120/hr which is about $5k for SEARCH. Couple that with a 20% reduction off $22k being about another $4k for REDUCE we get to about $12k, assuming nothing is found during the SEARCH period. If the current owner isn't going to let you tear down his car, you've gotta factor in a risk parameter as well. This parameter is subjective unless you have access to a lot of data.
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Rafi Z. 2002 C4S (FOR SALE) 1987 944 (Coil Overs, sold) 2000 Boxster (Long Gone) |
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