I've just bought some poverty Pork…
Discussion
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
So are most modifications but we still do them. It is a mugs game if you are putting in £10k for an engine and thinking it's going to make you a return but if you do it because you simply like the car then crack on. edc said:
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
So are most modifications but we still do them. It is a mugs game if you are putting in £10k for an engine and thinking it's going to make you a return but if you do it because you simply like the car then crack on. 
It’s always going to fetch more than £2K
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
On the right car marketed correctly, it wouldn't be totally dead money. Am fairly sure some Harteched 997.1 cars change hands for a fair bit over a non rebuilt car. Granted. nowhere near the full cost of a rebuild, probably not quite even half.I'd probably expect to get £3-5k back on a the right 987 Cayman, too. Still a large loss. But not a car like that red 987, so poorly marketed.
I think a rebuild can make sense on a long term keeper, especially with a capacity increase to 3.9 on a 987. But obviously it makes little sense to rebuild and sell on in short order.
Mariosbt said:
edc said:
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
So are most modifications but we still do them. It is a mugs game if you are putting in £10k for an engine and thinking it's going to make you a return but if you do it because you simply like the car then crack on. It’s always going to fetch more than £2K
For around £10k I'd rather buy this 987 3.2 over the red one.
https://www.facebook.com/groups/porscheboxsters/pe...
https://www.facebook.com/groups/porscheboxsters/pe...
esotericar said:
On the right car marketed correctly, it wouldn't be totally dead money. Am fairly sure some Harteched 997.1 cars change hands for a fair bit over a non rebuilt car. Granted. nowhere near the full cost of a rebuild, probably not quite even half.
I'd probably expect to get £3-5k back on a the right 987 Cayman, too. Still a large loss. But not a car like that red 987, so poorly marketed.
I think a rebuild can make sense on a long term keeper, especially with a capacity increase to 3.9 on a 987. But obviously it makes little sense to rebuild and sell on in short order.
In the 987 end of the market there seems to be plenty of adverts where a re-build adds next to no value, like this one. 10k engine re-build on a 10k car is madness and I can't be convinced otherwise. The owner would have been better off selling it for scrap for 4-5k and buying another car. I'd probably expect to get £3-5k back on a the right 987 Cayman, too. Still a large loss. But not a car like that red 987, so poorly marketed.
I think a rebuild can make sense on a long term keeper, especially with a capacity increase to 3.9 on a 987. But obviously it makes little sense to rebuild and sell on in short order.
Escy said:
In the 987 end of the market there seems to be plenty of adverts where a re-build adds next to no value, like this one. 10k engine re-build on a 10k car is madness and I can't be convinced otherwise. The owner would have been better off selling it for scrap for 4-5k and buying another car.
There absolutely are lots of examples where the rebuild adds zilch, I agree. However, something like a lower mile (ie not 100k miles!) 3.4 Cayman (plenty of lower mile ones have had scoring) with a rebuild could attract a bit more money if marketed correctly. I would say there are informed enthusiasts out there who'd be willing to pay £3-4k extra for a car will a fully documented Hartech all-six build. At times, I have been in that market and would have paid a bit extra for a Hartech car, but nothing quite right turned up (due to other spec items).It's a narrow market, to be sure. But I think advertised correctly in the right places you'd have a decent shot.
And can a mere punter really get £5k selling a 987.1 to a breaker? For most people, breaking the car themselves is not viable.
esotericar said:
And can a mere punter really get £5k selling a 987.1 to a breaker? For most people, breaking the car themselves is not viable.
Definitely not selling to a breaker, they'll pull your pants down but sticking it on ebay maybe. It depends on the spec, if it was a really nice example, low mileage, I think you could get that. This guy is asking £6500 for a 2008, 100k miles, bore score. I doubt he'll get close to it. I've got a suitable engine, if something really nice came up needing an engine I'd potentially go for it and I can't be the only one. https://www.ebay.co.uk/itm/265840984354?hash=item3...
I can't see it, personally. I'm sure you can clear quite a bit breaking yourself. But an actual breaker won't pay much for one, I wouldn't think, they're so hard nosed.
And a car like that on 100k, who else would pay anything like £5k for it? Even fully functional on that mileage the value is so low, you'd pretty much want the car for free to make it viable repairing the engine. I suspect if it was a runner, albeit tapping, WBAC would get you the best price as a mere punter.
And a car like that on 100k, who else would pay anything like £5k for it? Even fully functional on that mileage the value is so low, you'd pretty much want the car for free to make it viable repairing the engine. I suspect if it was a runner, albeit tapping, WBAC would get you the best price as a mere punter.
Mariosbt said:
edc said:
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
So are most modifications but we still do them. It is a mugs game if you are putting in £10k for an engine and thinking it's going to make you a return but if you do it because you simply like the car then crack on. It’s always going to fetch more than £2K
Sorry for being a bit nit picky with details - I know I know
Do you mean the car for sale for 10k which you refer to as a 12K car
I think a 10K car with a 10K rebuild is a great buy personally if you are in the market for a gen 1 987
I think it is a great buy full stop for anyone looking for a 987 who doesn't want to spend too much
ATM said:
Mariosbt said:
edc said:
Escy said:
Yet another example of a rebuild being dead money. It's a mugs game.
So are most modifications but we still do them. It is a mugs game if you are putting in £10k for an engine and thinking it's going to make you a return but if you do it because you simply like the car then crack on. It’s always going to fetch more than £2K
Sorry for being a bit nit picky with details - I know I know
Do you mean the car for sale for 10k which you refer to as a 12K car
I think a 10K car with a 10K rebuild is a great buy personally if you are in the market for a gen 1 987
I think it is a great buy full stop for anyone looking for a 987 who doesn't want to spend too much
Think it's obvious enough that doing a £10k rebuild on a £10k car and then selling it is not a financial winner. But having a rebuild I think can make sense in some circumstances.
I went through a process years ago with a 987.1 of selling it preemptively as I didn't fancy the prospect of a rebuild down the line. I went through a several 986/987 cars afterwards slightly flip flopping and also having to move one at a bit of a loss due to technical issues. The overall losses on the buy-sell spread would have far more than covered the quality rebuild bill. In hindsight, I should have had a 3.9 rebuild done on that original 987.1 3.4 and still be driving it today. Would have cost less overall.
Doing a lot of miles in these cars wipes out the value. If you're going through several of them racking up miles and selling them on heavily depreciated as a consequence, I think a rebuild while keeping one car can certainly be competitive, cost wise, while reducing the inevitable risks that come with buying multiple used cars.
I went through a process years ago with a 987.1 of selling it preemptively as I didn't fancy the prospect of a rebuild down the line. I went through a several 986/987 cars afterwards slightly flip flopping and also having to move one at a bit of a loss due to technical issues. The overall losses on the buy-sell spread would have far more than covered the quality rebuild bill. In hindsight, I should have had a 3.9 rebuild done on that original 987.1 3.4 and still be driving it today. Would have cost less overall.
Doing a lot of miles in these cars wipes out the value. If you're going through several of them racking up miles and selling them on heavily depreciated as a consequence, I think a rebuild while keeping one car can certainly be competitive, cost wise, while reducing the inevitable risks that come with buying multiple used cars.
I think the problem here is emotion gets involved and logic gets lost. I'd guess an expensive Hartech rebuild is generally an emotional decision. Yes you can tell yourself this makes sense as the car is a keeper but it is still an emotional decision. Planning to make a car a forever car type keeper is just justification supporting the emotional attachment. What we can never know is what might change in our futures. These changes might make that forever car no longer a forever car. So logically I would say it is better to keep the spending to a minimum on mods or maintenance or both. But that is easier said than done. I try to buy cars which have been modified and / or well maintained by someone else but it doesn't always work that way and I dont always mange to avoid it myself.
Yeah, don't think that makes sense at all. Planning to keep a car long term isn't necessarily a primarily emotional decision. It could be a largely pragmatic approach to achieving a given end. The fact that you can't absolutely guarantee the future doesn't make it emotional to plan long term, either. That can be a fairly hard nosed and again pragmatic approach based on the balance of probabilities.
Pragmatically speaking, I'd have been far better off financially getting the first car rebuilt. But I moved in on and that was probably an emotional decision, ironically.
Pragmatically speaking, I'd have been far better off financially getting the first car rebuilt. But I moved in on and that was probably an emotional decision, ironically.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff