Value of low mileage

Mike_72 · 10-30-2015, 05:09 AM

So I am looking through all the receipts for my 1969 911T and everything seems to back up the mileage shown on the odometer of 83,300km (52,000 miles). Even though it is not the original motor (has a 2.2 with 20,000 km on it) does such low mileage on the car add value? And is there any other way of confirming mileage other than the stack of reciepts with mileage and date noted on them?

TheSt|G · 10-30-2015, 05:22 AM

Quote:

Originally Posted by Mike_72

So I am looking through all the receipts for my 1969 911T and everything seems to back up the mileage shown on the odometer of 83,300km (52,000 miles). Even though it is not the original motor (has a 2.2 with 20,000 km on it) does such low mileage on the car add value? And is there any other way of confirming mileage other than the stack of reciepts with mileage and date noted on them?

Registration history is a solid way to prove mileage. And yes, lower the miles the better in terms of value.

javadog · 10-30-2015, 05:35 AM

You have to have a paper trail. You might look at the date stamp on the speedo and see if it matches the date stamps on the other gauges and see if it is appropriate for the build date of the car. That would help, a little.

Mileage matters a lot, if the condition of the car is close to perfect. If the condition is poor, it's not a big factor.

JR

Mike_72 · 10-30-2015, 05:41 AM

Well the condition of the car is certainly not "close to perfect". There is definitely some work to be done but I figured the low mileage with reciepts to prove would certainly be an asset if I ever decide to sell the car.

javadog · 10-30-2015, 05:51 AM

The really big bucks goes to cars with low mileage, excellent original condition and a well documented history. Absent any of those things, the price falls dramatically.

If you have a car in really poor condition, you're looking at a full restoration to get it to where you can get good money for it, at which point the mileage doesn't matter so much, since nothing will be original after you are done. At that point, all that matters is how well the work was done.

JR

Avanti · 10-30-2015, 02:53 PM

Just have to put in my 2 cents on low mileage claims.

In recent years I have seen and spoken to Soooo many people that discuss or have purchased a car and explain it "only has XXXXX original miles". There are no service records and it has been restored so there is no original paint or upholstery to at least give a clue to mileage. But there is ALWAYS A STORY to explain the low miles. Many of these buyers are not newbies in the old car arena. I guess people believe what they want to believe.

RSTarga · 10-30-2015, 02:57 PM

My biggest question is always "does it have any rust?"

Reiver · 10-30-2015, 03:31 PM

If the car presents itself as a low mileage car in appearance it can't hurt.
My question, as a potential buyer, would be why does it have a different motor if the car has such low mileage?
Does it also have a different speedo/odometer?
IMH not professional opinion the different lump negates any low mileage originality price bump.

Mike_72 · 10-30-2015, 03:40 PM

Quote:

Originally Posted by Reiver

If the car presents itself as a low mileage car in appearance it can't hurt.
My question, as a potential buyer, would be why does it have a different motor if the car has such low mileage?
Does it also have a different speedo/odometer?
IMH not professional opinion the different lump negates any low mileage originality price bump.

That is definitely a question I wish I had an answer to but don't. All I have is a 19,000$ reciept for all the work that was done. I do agree with the statement several of you have made about low mileage really only benefiting cars which are all original which mine is certainly not. I will enjoy the car for what it is and I guess it's nice just to have some documentation to know a little more about the cars past.

Mike_72 · 10-30-2015, 03:43 PM

Quote:

Originally Posted by RSTarga

My biggest question is always "does it have any rust?"

Wish I could answer no to that question.

Reiver · 10-30-2015, 03:44 PM

Quote:

Originally Posted by Mike_72

That is definitely a question I wish I had an answer to but don't. All I have is a 19,000$ reciept for all the work that was done. I do agree with the statement several of you have made about low mileage really only benefiting cars which are all original which mine is certainly not. I will enjoy the car for what it is and I guess it's nice just to have some documentation to know a little more about the cars past.

The car is still worth a nice figure if it has all of the attributes of a low mileage long hood....
I'd just not try and represent it as simply low miles (as that alludes to originality/unmolested) and then have to explain the replaced motor.

Get creative in your add if it comes to that.....you'll still do very well.

Mike_72 · 10-30-2015, 03:54 PM

As far as I know it still has all the original instrument cluster. Can you guys give me some indicators to help me verify that?

Reiver · 10-30-2015, 04:00 PM

Quote:

Originally Posted by Mike_72

As far as I know it still has all the original instrument cluster. Can you guys give me some indicators to help me verify that?

Pull the speedo out and post the info that is stamped and painted on the back....that will indicate if it is period correct.....that won't tell you tho, if it has been set back to align itself with the newer motor. Rebuilders will set the mileage anywhere you ask.
Take a pic of it and post it (backside).

patz · 10-30-2015, 04:12 PM

If it is worth it to YOU. Buy it and drive the piss out of it. Worry about resale value later.

Jdub · 10-30-2015, 04:23 PM

Strongly agree with patz - and what price the feeling of soaking in a beer staring at your car (pics?) in the garage.

Gotta go - Mets just homered.

gliding_serpent · gliding_serpent's Garage

Quote:

Originally Posted by Avanti

Just have to put in my 2 cents on low mileage claims.

In recent years I have seen and spoken to Soooo many people that discuss or have purchased a car and explain it "only has XXXXX original miles". There are no service records and it has been restored so there is no original paint or upholstery to at least give a clue to mileage. But there is ALWAYS A STORY to explain the low miles. Many of these buyers are not newbies in the old car arena. I guess people believe what they want to believe.

My car was a 50,000 miles car. Registration kind of confirmed it, if you ignore the "blackout" period in the 90's with a silent title history. Mind you, condition was more of a 150,000 miles car so I don't make much of it.

Mike_72 · 10-30-2015, 06:51 PM

Quote:

Originally Posted by Jdub

Strongly agree with patz - and what price the feeling of soaking in a beer staring at your car (pics?) in the garage.

Gotta go - Mets just homered.

Mike_72 · 06:57 PM

Quote:

Originally Posted by Reiver

The car is still worth a nice figure if it has all of the attributes of a low mileage long hood....
I'd just not try and represent it as simply low miles (as that alludes to originality/unmolested) and then have to explain the replaced motor.

Get creative in your add if it comes to that.....you'll still do very well.

At this point I am not thinking about selling the car, I was just curious how mileage would come into play in a car which is not all original and in average condition.