1989 cab

[chrisf]

Have the prices of later air cooled cars really dropped this much?

http://forums.pelicanparts.com/porsche-cars-sale/960801-1989-911-cab.html



I am pretty sure I would have had this sold by now this time last year. I know the car has a little history and a few issues, but sheesh, it's a great car for the money that I thought would only be appreciating over time, even if much slower than over the past 10 years.

Any thoughts? offers?

I am thinking of trying ebay, BAT, & auto trader.

[chrisf]

Starting to get some interest at 33K. lots of phones calls.

A few folks have commented that I shouldn't be disclosing all the flaws up front, that I am scaring off potential buyers. That I should keep the higher asking price and then let them look at the car and offer a lower price (in line with what I am asking) based upon its condition.

[christiandk]

The fact that it has been in a crash will scare 80% of buyers away no matter the price - but kudos to you for pointing it out the way you do.

GLWS!

P.s. Wrecked is probably bot the right word to chose. When I hear wrecked I think that it has been totalled, which is clearly not the case hete.

[chrisf]

Originally Posted by christiandk

The fact that it has been in a crash will scare 80% of buyers away no matter the price - but kudos to you for pointing it out the way you do.

GLWS!

P.s. Wrecked is probably bot the right word to chose. When I hear wrecked I think that it has been totalled, which is clearly not the case hete.

yeah, very minor damage. Car drove perfectly the rest of the way into work. Drove it another 800 miles thru the Appalachians, starting that next day.

it blows my mind to consider the 80% of buyers would be scared of this minor damage history. That means that 80% of them are buyers looking for a conours quality car that is perfect. At a $33-35K price point?

I would think it would be maybe 10-15% of the buyers in this price point. More like 80% of folks looking at a G50 car at this price point would understand that it is a project car, and a driver quality car, and would understand that the minor damage history puts it in this price point.

I guess I think of it this way: Take away the damage history, and the respray. Take away the cracks in the dash & steering wheel, and the minor surface rust in the trunk. We are now in a different league for the G50 convertible cars, with under 90K miles. What is that price point? Maybe $45K?

[christiandk]

Originally Posted by chrisf

yeah, very minor damage. Car drove perfectly the rest of the way into work. Drove it another 800 miles thru the Appalachians, starting that next day.

it blows my mind to consider the 80% of buyers would be scared of this minor damage history. That means that 80% of them are buyers looking for a conours quality car that is perfect. At a $33-35K price point?

I would think it would be maybe 10-15% of the buyers in this price point. More like 80% of folks looking at a G50 car at this price point would understand that it is a project car, and a driver quality car.

If it was a minor damage I would rewrite the first part of your ad ro make it less dramatic but still correct.

[Tarek307]

You shouldn't start the ad off with such a shocking revelation- of course disclose the accident, but not that way- you make it sound like the car is salvaged or something.

[chrisf]

thanks for the replies guys.

[Rick Brooklyn]

Originally Posted by chrisf

A few folks have commented that I shouldn't be disclosing all the flaws up front, that I am scaring off potential buyers. That I should keep the higher asking price and then let them look at the car and offer a lower price (in line with what I am asking) based upon its condition.

Please say who they are so I can make sure I never buy anything from them, ever.

[chrisf]

Originally Posted by Rick Brooklyn

Please say who they are so I can make sure I never buy anything from them, ever.

i hear ya. but I better not. they are not forum members.

I just noticed your line. I've been burned several times dealing with Porsches. One time in particular by a forum member who disappeared after our deal went down. Turns out he was also peddling garage on a Lotus forum.

http://forums.pelicanparts.com/porsche-911-used-parts-sale-wanted/610773-ripped-off-fellow-pelican-not.html

[Matt Monson]

I appreciate the transparency. I'm going to find it all when I inspect the car. And if I flew in I'm going to be pissed I bought the ticket (or paid for a PPI for the guys who don't inspect in person). How many pissed off "bad PPI" threads have we seen here when a car is not as expected because it was advertised in the most flattering way possible.

That said it's a project. I think it's going to sell in the high 20s or 30k on the nose. In the current soft market projects have fallen more than nice drivers. It's always the way because there's so much labor involved in getting the project to a done state. There's a lot of checkbook restoration going on right now, but people doing it are going to Discount the purchase price down to a bit below their restoration cost versus expected value next year when it is done. If they didn't they would just buy a driver instead.

[chrisf]

Thanks for the comments Matt.

I would consider this a driver/project hybrid. More on the driver's side.

Someone could buy this car today, and do nothing but brakes and filters/valve adjust for the next 10 years and be good to go, as long as the car was driven every weekend. Maybe several times a month. we all know this is key.....

Maybe a clutch/bearing during that period.

[Matt Monson]

Originally Posted by chrisf

Thanks for the comments Matt.

I would consider this a driver/project hybrid. More on the driver's side.

Someone could buy this car today, and do nothing but brakes and filters/valve adjust for the next 10 years and be good to go, as long as the car was driven every weekend. Maybe several times a month. we all know this is key.....

Maybe a clutch/bearing during that period.

Your best buyer is a Pelican who would take over care of the car. I was describing your more likely buyer. That car needs a complete interior restoration. Can you keep driving it like it is? Sure. But the next thing needed to make this car nicer is everything under the top. Your advantage is that's something a lot of guys scared of mechanical DIY will do an interior themselves. You might find someone who wants to drive it for the next two months and do all that over the winter. But if you want to sell it before it gets cold and wet instead of waiting for that one guy who wants to tinker, you likely still need to move a bit more on your price.

[chrisf]

yeah, I consider myself a steward for this car.

We will see. I'll keep this thread, as well as the original ad updated, and with the final sell price.

[sugarwood]

The ad is written in a confusing style.
It starts off that you've WRECKED the car.
Then you say it's a project.
Then you go on to describe how great it runs.
This leaves the reader confused and I bet most don't even finish reading.

[Matt Monson]

Originally Posted by sugarwood

The ad is written in a confusing style.
It starts off that you've WRECKED the car.
Then you say it's a project.
Then you go on to describe how great it runs.
This leaves the reader confused and I bet most don't even finish reading.

I read it but didn't even look at the pictures the first time I clicked on it.

[Bassalt997tt]

Originally Posted by chrisf

I guess I think of it this way: Take away the damage history, and the respray. Take away the cracks in the dash & steering wheel, and the minor surface rust in the trunk. We are now in a different league for the G50 convertible cars, with under 90K miles. What is that price point? Maybe $45K?

Interesting summation and c/w what is being said in my recent post..

http://forums.pelicanparts.com/porsche-marketplace-discussion/963791-help-88-911sc-2.html

[christiandk]

Originally Posted by Bassalt997tt

Interesting summation and c/w what is being said in my recent post..

http://forums.pelicanparts.com/porsche-marketplace-discussion/963791-help-88-911sc-2.html

I dont get your point.

[specialtyoneinc]

Rearrange your ad pronto. It's very cluttered. Bold letters "I have wrecked the car" is killing your sale IMO. Kudos for being transparent but you don't need to highlight the flaws in the first paragraph. Talk about the positive attributes first. Lead the buyers in. Don't scare them away. That being said the accident and rust are little scary and I feel like this car is worth a little under $30k in it's current state. Best of Luck with the sale.

[Bassalt997tt]

Originally Posted by christiandk

I dont get your point.

An excellent condition g50 should be about $45k

[christiandk]

Originally Posted by Bassalt997tt

An excellent condition g50 should be about $45k

An excellet should go for minimum twice that. Still dont get your point.