Saturday, October 1, 2011

How much can I sell my Porsche for?

I have a 1973 Porsche 914 sitting in the garage. However the car has NOT been turned on since roughly 1986, so about 22 years. How much should I except to get for the car if I sold it?|||No matter what the circumstances has been, used cars only bring what they are worth and the only way to find that out is to find a dealer that deals in the older cars and have him look up your car, It will have a Value for generally 3 conditions. Excellent shape, Fair condition and poor condition. They will also consider the miles, low miles adds value where as high miles brings the value back down. Some accessories also ad value. Example lets say your car is perfect and books for 1000.00 dollars, It has low miles so the book adds 300.00 for the low miles. Then lets say it has air conditioning that in some cases will add 500.00 dollars. So now your up to 1800,00 , oops I just noticed it is a standard shift transmission some cars loose value if they are not automatics, So you now loose 200.00 of the 1800.00 because it has a manual shif transmission. Any how tthat'sthe way it works, but with some exceptions and that is popularity. If for example you have a rally sought after year and model Porsche due to some sort of body style that the younger or older generations can`t live with out then you can generally get well over blue book value providing again it is in decent shape. Where most people go wrong is thinking they are sitting on a gold mine just because the car is 25, 30 or 40 years old and its some fantastic antique that the collector car world is searching high and low for and they put some crazy rediculous price on it. What generally happens then is the car winds up sitting and further detoriating un til it has lost half the value it had when you first decided to sell it. I restore old cars and am currently restoring a 1969 Dodge Superbee. I already have 20 k in the car over and above the price of the car, and I don``t even have it back together yet. In fact it is a year and another 20k away from completion. So peoplle like me are serious buyers and serious rejectors when we meet up with a person that over prices his car. If your car has small spots of rust showing u down in the lower quarter panels, rockers, cowl corners , floor pans or trunk floor then it is going to cost a lot of money to properly restore that car and a collector \rebuilder is not going to pour a ton of purchase price into it. Instead we will go looking for something with less rust and a lower price, as what really counts is the bottom line when we in turn re-sell the car after it is restored. I`m not going to tie up 45k into something that is only going to bring back46k.





So the one thing you want to do is research research and research. Take a note pad and pen , wlk around the car and list the honest condition of your car carefully noting all the defects. Also make a list of the pluses. Custom wheels, new paint, chrome parts on your engine, etc etc. Then spend a couple hours on the internet comparing your car to other cars of the exact same year and model. Not some other model but the ones exactly like yours. While you are doing this you want to also be looking for things the other sellers may be listing that you may have over looed on your car that could increse the value of yours. It would also be nice if you run a title search checking to see if your car was known to have ever been totaled or considered totaled by an insurance company. This isn`t expensive but it goes a long way with a potential buyer.





Education about your car will be the trick to getting a fair price out of it. But consider this, unless you have something really desireable this is not the economy to be selling your car in. No matter who comes to look at it is going to think you are hurting for money and they may play hard ball with you.


Look out for the people that approach you and give the car a inspection and automaticallystart in about what all is wrong with it in their opinion and offer you some crazy low price. Be nice and tell them you will consider their offer, but you want to have some one check out their aledged problems just for your own knowledge. And it sure wouldn`t hurt for you to ask some one that has been a body man for about 30 years to come and give you their honest opinion as to the condition and have them point out what all they find that may be problem areas.





I know I have put forth a lot of info, but I only did this bechase you do have a car that some models are very desirable with collectors and restorers. I woud hate for some one to take advantage of you and steal your Porsche. It happens every day and especially when a seller runs into a motivated seller needing cash fast. I have bought most of my cars when some one has suddenly needed cash and bails out for a song. I always look at it like this, some one is going to get thier car so it might as well be me.


Good luck and take your time

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