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87 Carrera Value

I just looked at a 75000 mile 2-owner Espresso Brown 87 Carrera Coup. Its not officially for sale yet. The car's mechanic referred me to it.

Stock whale tail and front spoiler.

No wrecks, never resprayed.

Needs windshield replacement. New one comes with car.

A few drips on garage floor.

Window regulators not working properly.

My question is: Is it worth $18000? That was my estimate. What do you guys think?

Thanks, Bryce.

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Old 11-12-2006, 06:28 AM
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It all depends on overall condition and what a good PPI reveals.

The mileage is good and $18K is in the ballpark if everything checks out okay.
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Old 11-12-2006, 01:58 PM
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Where is the car located? In the NE? It seems like G50 Carrera's are still holding strong up here. $18 would be a decent starting point if engine and clutch are in good shape. There's plenty of over $20K cars still around.
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Old 11-12-2006, 04:51 PM
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These cars 87-89 3.2 / G-50 for between 12-13k (200k+ miles)
to 15-18k (120-150k miles) to say 18-20k(<100k) with condition
playing an important role. The thing that would put it solidly into the high teens is the lower mileage. It would be nice to get a
shot of the interior. I think good indicators of how the car has
been maintained include: whether or not the dash is cracked,
whether or not the A/C works (if they cared enough to maintain
it), has it been driven in winter, any dings etc.

Keep in mind one thing: somewhere between 40-80k (this is a rough estimate) whoever owns this car either will have found out, or will find out if it suffers from the "valve guide wear" problem. Symptoms are burning a lot of oil, smoke on startup, and/or fouled plugs but those are not guaranteed symptoms.
Some 3.2's had this, not all. Make sure to ask the seller and/or
the mechanic and also get a leakdown & compression in the
PPI.

Good luck!
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Old 11-12-2006, 10:16 PM
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FYI Here is another Espresso Brown G-50 car you may
want to compare it to. This car has is (or was, don't
know if it sold) being sold by a broker and obviously
got a good wax, detail, and has good marketing text
/writeup. I think the price for this car is a little high but
it sure is clean. If the interior looks like this car and a
good wax could make it look this nice, then with similar
miles all in all you'd be getting a pretty darn good deal
/ steal for 17-18k (and in the Northeast too boot-no
transport costs). I can tell because of the fall foliage in
the pics, hehe.

If you got it for 17, and did all of the same kind of
marketing, you could probably drive it for 1-2 years and
sell it for the same as you bought it - prices for these
cars are pretty stable.

FS: 1987 Porsche 911 Carrera SoCal Car 85k mi!

http://www.kodakgallery.com/I.jsp?c...=0&y=heiayv

http://www.autokennel.com/Current%20Tenants.html
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Last edited by umfan866; 11-12-2006 at 10:40 PM..
Old 11-12-2006, 10:36 PM
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Monza,

The car is in Windsor, Ontario, Canada - Just across from Detroit. Its a US car with US plates, so there would be no shipping or trouble transfering title.
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Old 11-13-2006, 04:27 AM
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Unfam,

When the car was described to me, I was expecting a near pristine car just like the auto kennel one you linked to. Cosmetically, it wasn't close.

I agree with you that the Auto Kennel price is a bit high.
The last car I posted about on this form was offered by a broker also. The guy's name is Kip Sheward. He seems pretty high-end as far as quality goes. Kinda like Sloan, but sells more than just porsche. Anyway, he told me he marks his cars up 10%. Based on that, I'd assume that Auto Kennel marks up their cars a bit more that 10 to 15%...so I'd agree with you that their price is a bit higher than it should be.

I'll try to post the interior pictures I took.

Thanks for your feedback.

Bryce.
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Old 11-13-2006, 04:38 AM
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I don’t know Kip Sheward so this is not a knock on him or his dealership personally but... Just because he says he marks his cars up 10% does not make that a fact. Again I am not knocking all used car dealers, I think they absolutely add value in many markets and many many of them are good honest business men. Realistically I would believe they’re making more than 10% on these cars.
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Old 11-13-2006, 08:11 AM
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Let's say a dealer buys a decent older 911 for $15,000. 10% markup would be $1500 in profit. Not many little dealers will stay afloat on $1500 in profit if they sell only a few cars a month. It costs money to fix little things that people expect to be correct and in good repair on a Porsche. Electricity, taxes, phones, fuel for test drives, minimal staff or owner's salary, etc., etc. all cost money.

I would bet these little independant dealerships make $3000 minimum on these cars. Someone like AICauto.com probably makes more... If you're selling 10 of these cars a month out of a little dealership, then maybe the profits are more in line with 10% and volume is doing it's job. But, for these little one man outfits, you gotta make some money on each and every car you sell or you're outta business (and the bank is taking your assets).

I too don't know this dealer that was mentioned with the 10% markup. If he's selling $40,000 to $80,000 cars, then it could very well be 10%.

However, at $18k for the car in question in this thread seems pretty reasonable if it's a solid car in good mechanical condition and reasonable cosmetic condition. In my area, it would almost be underpriced on a warm March day with snow melting quickly...!

Last edited by Jay H; 11-13-2006 at 05:22 PM..
Old 11-13-2006, 05:13 PM
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brycer - It does sound like a good value for 18k. However do ask some questions about the car being in Windsor, Canada (I was born there) but US plates-what's up with that? When you legally bring a car across the border you have to "officially import" it into the country, and there is some paperwork etc. Is the title being held in Ontario or in Michigan?
Have you run a carfax to see what it says? To bring it back over the border they may ask questions (though probably, not if it is genuinely
an American car with American plates). I bought my BMW into the US from Canada and it was a hassle I almost had to pay tax, I had to get the official import paperwork, transfer title etc. Just something to think
about. I don't know about you, but when it comes to Porsches, I've never met so many people that have some sort of special story to tell about their car, some good, some bad, and some suspect. It could be all above board, you have to find out.

Jay - I agree with your analysis. There is one of those little Porsche consignment shops locally and I'm not going to be dealing with him first of all because I've gone there 3x to drive a car and he's said come back tommorow, and 2nd his cars are overpriced by about 2k compared to the market. It makes sense that he's probably got to charge and God bless him if he can stay in business, but that's 2k that I'd rather spend
on getting a better car itself, from an owner directly.
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Old 11-13-2006, 11:16 PM
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Quote:
Originally posted by umfan866
These cars 87-89 3.2 / G-50 for between 12-13k (200k+ miles)
to 15-18k (120-150k miles) to say 18-20k(<100k) with condition
playing an important role.
Good luck!

18-20 <100k is about right, but I would add <80k is 22-28. Having gone through this 6 months ago, I'll share with you that color (red or black) will add a premium to the price. Also, the difference between an 18k car, and a 24k car will (should) be tremendous.

There are good cars out there - set a budget, pick your color, and you'll find it.
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1988 Carrera
Old 11-15-2006, 04:08 PM
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Old 11-15-2006, 04:08 PM
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