What is a truly "Restored" '97 Carrera worth?

[COLB]

http://forums.pelicanparts.com/porsche-cars-sale/919114-sale-87-carrera-targa-magnificent.html

So, you take a tired but clean '87 Targa with 206k on it, and do a full on restoration:

- glass out paint
- full engine rebuild
- down-to-the bare body trim, interior, wiring
- new suspension components all around

For a 356, you've got effectively a "new" car and no one cares what it looked like prior to the restoration.

But this car? Is it still just a super nice used 911 with 206k on it?

Dude (whome I assume is affiliated with the restoration shop) is asking $57k for it, and looking at it, the owner is probably taking a big financial hit at that price -- maybe a little better if it is the shop selling it that did the work. But probably not by much.

Maybe the owner dropped it off and said "make it new, and cost is no object" -- then baulked when he got the final bill -- and the shop is selling it to pay off their work? Pure speculation. But why make it new, only to sell it?

Almost NONE of these cars are being truly "restored" because it makes no financial sense -- easier to buy a low miles, immaculate survivor at that price -- because there were a lot made, and plenty out there for sale.

Taking the ad at face value, it is an amazing car -- but it seems to be a white elephant at that price.

I guess if you want "show room new" in a 30 year old model, this is how you do it.

[christiandk]

That price is on the moon. It does not look perfect to me. A nice driver sure, but in my world in this market 35k seems fair. Not that I would pay 35k for it. 25K maybe.

I will drink a bottle of Champagne out if Ronnies old cowboy boots if it sells for more than 40K.

Come on, the guy did not even clean the tranny properly.

[SalParadise]

No way it's worth that unless it's sentimental and you brought your daughter home from the hospital in it.

And the rich part is that it's now got a price reduction.

Best of luck, but it's a $34K car all day long. I've seen better.

[bpu699]

If it truly has had a complete motor rebuild and tranny rebuild, then that adds a bunch of value...

The seller has the same problem all of us do. If you over improve your car, no one will pay for it...

The 996 guys are really having this problem... Rebuild a problem motor for $25k, and the car is only worth $5000 more than any other...

The seller would have done well to put in a new odometer (WITH FULL DISCLOSURE) when he did the full rebuild...

For most buyers, seeing a car with <1000 miles adds tons of value... and arguable, the car is "as new."

[christiandk]

Originally Posted by bpu699

The seller would have done well to put in a new odometer (WITH FULL DISCLOSURE) when he did the full rebuild...

For most buyers, seeing a car with <1000 miles adds tons of value... and arguable, the car is "as new."

Hey folks, I did a complete rebuild of my 911. I promise it is not a hack job. It took me 2 years and cost me 100K and a wife. It is as new - I have put in a new odometer to prove it.

P.s. I have some left over parts I did not know where to put. They come free with the car.

Duhhh.

[bpu699]

Originally Posted by christiandk

Hey folks, I did a complete rebuild of my 911. I promise it is not a hack job. It took me 2 years and cost me 100K and a wife. It is as new - I have put in a new odometer to prove it.

P.s. I have some left over parts I did not know where to put. They come free with the car.

Duhhh.

When they redo a high end Ferrari/or even muscle car, for a ground up restoration... what do you think the odo reads? I doubt they leave the odo reading 87,000 miles....

[christiandk]

Originally Posted by bpu699

When they redo a high end Ferrari/or even muscle car, for a ground up restoration... what do you think the odo reads? I doubt they leave the odo reading 87,000 miles....

That is just f...ed up and plain ignorant. It is not a new car. Is it!? Enough said.

[COLB]

Originally Posted by christiandk

That price is on the moon. It does not look perfect to me. A nice driver sure, but in my world in this market 35k seems fair. Not that I would pay 35k for it. 25K maybe.

I will drink a bottle of Champagne out if Ronnies old cowboy boots if it sells for more than 40K.

Come on, the guy did not even clean the tranny properly.

From what I can see, he left some of the factory Cosmoline on the tranny -- which was on there when it was "new" -- so I don't know that getting it all off is required for a "proper" cleaning.

Other than the Griffith's A/C system and Elephant Racing suspension parts, it looks pretty stock and correct to me.

What looks "not perfect" to you?

[COLB]

Originally Posted by bpu699

If it truly has had a complete motor rebuild and tranny rebuild, then that adds a bunch of value...

The seller has the same problem all of us do. If you over improve your car, no one will pay for it...

The 996 guys are really having this problem... Rebuild a problem motor for $25k, and the car is only worth $5000 more than any other...

The seller would have done well to put in a new odometer (WITH FULL DISCLOSURE) when he did the full rebuild...

For most buyers, seeing a car with <1000 miles adds tons of value... and arguable, the car is "as new."

I can't tell for sure, but on my monitor it looks like the odometer was zeroed.

The paperwork discloses what the car had on it when it went in for the engine rebuild (206+)

Would need better pictures to confirm.

[Nick Triesch]

Unless it is a 356. They can have 300,000 miles on the clock and no one cares. Even if it has had a few motors in it, it is still worth $100,000 +. This will happen to the 911 also one day. Soon miles or motors will not matter to a 1966 911.

[KNS]

The car has been for sale since June and still hasn't sold. How many more indicators does the guy need?

[Flynt]

This is why people backdate.