How upside do you think I am after this restoration?

[78silver]

Not that I have ANY intention of selling at this point but now that I've completed my '78 SC renovation, I'm curious to hear opinions on what a fair asking price would be for my car so I can guage just how upside down I am after finishing restoration.

Opinions please...

At this point, I've got about 22K into the following car:

1978 911SC Euro Coupe, Silver/Black

- Purchased as a California car with 70K miles, no rust, and recent thorough tuneup. Successfull PPI

- New Paint Job (Tear down & prep done myself, all bumpers, glass, trim, panels, deck lid, trunk lid, etc. removed prior to paint. Car was taken to bare metal, and painted with 3 coats original silver color and 3 coats clear). It was such an excellent paint job that I still haven't decided on whether to have it wet sanded. However I've only driven it 300 miles since paint job and think I will go ahead and have it done just to make it 100% perfect! The painter told me to bring it back once I had it put back together and he'd do it for not much more.

- After paint job was done, I did all the re-installation myself so that I knew it'd be done right (except for the glass and headliner which I outsourced). All rubber, gaskets, seals, etc. were replaced with new. Headlight lenses and taillight lenses were replaced with new. Deck emblem was replaced with new. Door handles and window trim was powder coated black, and glass was installed by professional (including new windshield)

- Had fuchs (16X8, 16X7) polished and windows powder coated black as well as 911SC emblem.

- Upgraded to New Alternator with internal regulator. New Alternator Fan (I accidentally chipped one of fan blades so wanted to replace). New Alternator Hardware (replaced with new pulley, washers, shims, nut, belt).

- Headliner professionally installed

- Glass professionally installed (including new windshield)

- Replaced any part that needed it (new carpet, new sunvisors, new headliner, seals, gaskets, rocker panel plugs, tail light lenses, headlight lenses, wiper blades)

- Upgraded Stereo System (Sony deck: removable face place, mp3, 50WX4 w/ extra outputs for expansion, new front/rear Pioneer speakers, new rear tweeters)

- Recent tune-up this past weekend since car wasn't driven much during 8 months of restoration including all fluids, filters, distributor cap, rotor, etc.

- Car currently has 70,500 miles

Here are some exterior pics. I haven't taken pictures of the interior yet but will post some here in the next day or two... IMO it looks as good now as the exterior!










78silver
Flower Mound, TX
1978 911SC Silver/Black

[nostatic]

$16,500 to the right buyer plus or minus

Question marks would be mechanicals: full records, when was the clutch done, any leaks, tensioners/popoff, etc.

[78silver]

Ouch. I'm confident on the mechanicals but it's sad to see how little return you get from a quality cosmetic restoration. I guess to a lot of buyers, a repaint is a bad thing.

[the]

Originally posted by nostatic
$16,500 to the right buyer plus or minus

Exact number I was going to type.

[the]

Originally posted by 78silver
Ouch. I'm confident on the mechanicals but it's sad to see how little return you get from a quality cosmetic restoration. I guess to a lot of buyers, a repaint is a bad thing.

Yep, on a relatively low mile car like yours, the repaint is kind of a wash.

You'd get the same $16K if the car had original paint in decent condition, with all the new seals and other things you've added to the car.

[lateapex911]

I think thats a strong number, and nothing to sneeeze at. But it costs money to fix things, and the market doesn't care about the cost of the repairs...it pays what it pays.


Mind you, it looks great, but in the end it's still a 78 SC.

[jester911]

Repaint isn't as much a problem as the car itself just doesn't carry that much value right now. It is pretty difficult to do a resto on any of these cars and be on the "upside". They just aren't investments.

The earlier cars are worth more these days but even with those if you sink money into it your hard pressed to get it back on resale.

[Crachian]

Yep, I was going to say $5k.

nice car. Who cares?

[vash]

wow, who cares! that car is damn nice!

me? i would burn those reciepts....

[Macroni]

Maybe the car is worth 16.5 to 17. You are hardly in this car upside down @ 22k.
Now if you said 40k.........

I personally think that 22k to own a P car in the condition you want it in with only 70k miles; is a bargain! Prices in the marketplace do not always represent the value. SCs and Carreras are currently being undervalued. This drags beauties like yours [and mine]down.

[SoCal70RSR]

Originally posted by 78silver
- Had fuchs (16X8, 16X7) polished and windows powder coated black as well as 911SC emblem.

Those look like 6s and 7s to me...

Nice car iether way, and Luke is right, $22K for a nice condition car like that is not being upside down at all.

[DanielDudley]

To get the value, you have to use it.

Or sit on it.

[randywebb]

Originally posted by 78silver
Ouch. I'm confident on the mechanicals but it's sad to see how little return you get from a quality cosmetic restoration. I guess to a lot of buyers, a repaint is a bad thing.

- SC's are just not worth a lot of money. IT will take a long time for that to change too.

- BUT -- if you keep the car 5 years, then divide the total by 5; if you keep it 10 years, divide by 10.

Now it doesn't seem so bad does it?

And you get to enjoy the nicely redone car every day...

[70SWT]

$16.5k would be pretty top dollar for a nice SC from what I have seen for sale lately.

Taping $100 bills under the headliner is the only way to put money into the average car that you can probably get back out later...

[cbeers]

That car is NICE!!

The only thing I might do is address the wheel wells. Yes, I said it, wheel wells. For a car like that, they should either be perfectly silver like your new paint, or black. Either change would make a nicer picture IMO.

Not to take away from any of your hard work, it shows!



-Chris

[Macroni]

Let's post a quick list of cars that you can purchase for 22k.....that will be rock solid at 140 MPH.....w/ 170,000 miles on the clock.......

[GothingNC]

Beautiful car

I would say it's worth close to 20k.

I've seen a few SC's sold in my area in the mid to high high teen's with paint chips , worn interior and a few issue.

All that matters is if you are satisfied with the car and it's the way YOU want it and there should be no surprises since you were involved with the restoration.

Enjoy

[nostatic]

I can buy a number of cars for $22K or so that will walk all over my SC at the track. And I've got a lot more than $22K in mine. They don't have 170K miles on them, but that isn't relevant...I can buy a new car that will kill it.

These cars aren't about monetary value. They are time machines. If you go in worried about money, you'll be miserable until you sell it.

1. Buy it.
2. Fix it.
3. Drive the crap out of it.
4. goto 2

[lateapex911]

Originally posted by nostatic


1. Buy it.
2. Fix it.
3. Drive the crap out of it.
4. goto 2

And don't be too specific about the $ with your wife, LOL.

[on-ramp]

The joy is knowing you fixed it, then you drove it, then something else breaks, and you fix it again.
who cares about value.
I don't think you put in 22K to make a "profit", did you ?