el jefe

I am the proud father of a baby girl and the time has finally come to sell my 1994 Porsche 968 cabriolet. I purchased the car back in 2005 but after a few years of light use, life got in the way and it has been parked at my parents home ever since. My father has been kind of enough to drive the 968 to keep it 'fresh'. Having said that, the car does need work. 

For the sake of valuation, please consider the vehicle to be in FAIR condition. The Kelly Blue Book Value for this 1994 Black on Black Porsche 968 cabriolet is ~ $10,000.
Here are the details you need and I will do my best to provide full disclosure:
Power seats
Upgraded stereo and speakers (pics will show custom speaker box built into rear organizer - needs amplifier and wired for trunk CD changer)
Cab top needs replacing (back window is cloudy, and under gusty winds and rain it leaks)
No intermittent wipers (wipers work on low/high)
Heat and A/C work great.
Aftermarket shifter vibrates (makes a slight but constant noise since the aftermarket shifter does not weigh as much as original)
Interior is in good shape (will add pics)
Exterior needs work
The odometer is broken. The odometer broke at 88k miles in 2006. I listed the car in 2007 for sale at 99k miles just to cover extra miles since the odometer is broken. The car has barely been driven since then. For the purposes of sale and to be conservative please consider this car has 125,000 miles (actual mileage is much less).
Oil change should be performed in the near future.
Valid NJ Inspection.
CD works great but limited AM/FM reception
All lights work (internal in dash and external)

I am purposely highlighting what I feel/know is wrong with the 968 and will answer any and all questions as well as I can.

Having said all that, even though its Thanksgiving, this is no turkey! This 968 drives great (forgiving the above). Drives straight and is still a blast to drive. 

jesus man...I really feel for this guy and the guy who's going to own it.

it's very easy and nice and all to post stellar looking cars or cars that seem stellar I should say, but cars like this 968 are more often than not the reality. the difference here is that the seller is putting his balls on the table for all to see; how many people actually disclose not only the work a car needs, but the estimate for the things that need obvious attention?

our 968 is the same year, had around the same mileage when we bought it, and I sank nearly ten grand in making just the mechanicals new. the estimate he's showing us is roughly half that, but I can bet my cojones that it'll need at least another ten grand to make things right on the mechanical end...if you do the work yourself.

farm it out to someone who knows what the hell they're doing and you can add another $7,000 to that bottom line...I'm not joking here. figure in another $2,000 for a German top (without the labor), another $1000 a front bumper respray, possibly a new bumper for $1500; see how it begins to make no sense? the values need to triple from where they are now in order to do so.

the rarity of the car equals that of those who desire it, the cost of upkeep deters a good portion of them. it'll take $15-20,000 to make a $5,000 car worth $10,000...get the car for free and you may just break even, and that's the reality.






11/29/2014 12:17

A hobby costs money, Pablo. They're not meant to break even ;-)
Gardening can be more expensive. And less fun.


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