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I'd like your opinion on my possible purchase
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Greyporsche  



Joined: 27 Jan 2011
Posts: 7
Location: KY

PostPosted: Thu Jan 27, 2011 12:19 pm    Post subject: I'd like your opinion on my possible purchase Reply with quote

First off I'd like to say this site is sweet. It's been great for a book mechanic like me to learn all about these wonderful cars in a very short time. I came here to see about fixing a Porsche 924 that has been sitting for a couple years over a supposed need of a fuel pump. The price for this 1982 Porsche 924 was $400 before the complication. This 33 year old's dad steps in claiming this Porsche is special and can't be sold that cheap. So I'd like to defer to the experts here as to it's real value. He claims that this is a Grey market euro model brought over by a doctor who sold it in 84. He claims that because it can never rust and is a "Grey baby" it's worth $2000 in it's current condition. What is it's real current condition you ask?

The Good: It has a clean engine bay. The sunroof bag is there. original upgrade spoke rims. Was told it has only 71k original miles. Suspension and brakes seem good. Clutch pedal was strong and shifter was tight and smooth through the gears.

The Bad: You can't currently start it and a mechanic said it needs a fuel pump. Interior seating needs recovered(maybe the driver seat could be saved). Has a quite nasty looking electrical issue from an inoperative security system half wired in. Was in a wreck 3 years and i assume in 83 since the euro was originally orange-ish and is gold when they bought it. Needs bodywork and paint. No stereo. Ugly aftermarket steering wheel. Sunroof and back hatch need a bit of DIY(no water issues). Needs new windshield. Nice set of eagle gt tires that have started to rot. Needs a new battery.

Dad asked me to call him tomorrow for a final decision on selling it and how much he could let it go for. I don't know. I do want the car but i don't like the way this has really gone down either...
What do you guys think?
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Fifty50Plus  



Joined: 28 Feb 2008
Posts: 1423
Location: Washington DC area

PostPosted: Thu Jan 27, 2011 1:29 pm    Post subject: Reply with quote

$400 is what it's worth. It will take closer to $2K to get it right.
BOL
Chuck
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1979 924 NA race car H-Prod SCCA
1982 924 NA race car - Sold
1981 924 Turbo sold
1982 924 Turbo sold
1972 911 E race car - traded for Cayenne Diesel
1975 914 1.8 Building for H-Prod SCCA
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CorsePerVita  



Joined: 25 Jul 2008
Posts: 1992
Location: Redmond, Oregon

PostPosted: Thu Jan 27, 2011 1:56 pm    Post subject: Re: I'd like your opinion on my possible purchase Reply with quote

Greyporsche wrote:
First off I'd like to say this site is sweet. It's been great for a book mechanic like me to learn all about these wonderful cars in a very short time. I came here to see about fixing a Porsche 924 that has been sitting for a couple years over a supposed need of a fuel pump.


So it's question asking time:

- How do you know it's the fuel pump?
- What symptoms is the car having? Could you be specific? Can I hear it try and start?

Here's the issue is that CIS is a mechanical injection system. So a car that sat for years could have issues from anything from stuck CIS parts, to clogged lines, to a crapped pump, or you could have something entirely different. If it were that simple, why doesn't he just replace the pump? They're cheap. Ask questions, people love to pawn off issues they don't feel like messing with on unsuspecting owners.



Greyporsche wrote:
The price for this 1982 Porsche 924 was $400 before the complication. This 33 year old's dad steps in claiming this Porsche is special and can't be sold that cheap.


More questions:

- Why is it special?
- Does this have limited options or special packages?
- What was done to it that makes it special, or are we talking sentimental value?

Greyporsche wrote:
So I'd like to defer to the experts here as to it's real value. He claims that this is a Grey market euro model brought over by a doctor who sold it in 84. He claims that because it can never rust and is a "Grey baby" it's worth $2000 in it's current condition. What is it's real current condition you ask?



Euro model doesn't mean anything unless there is a VIN number involved and you can decode it to PROVE it. Otherwise it could be a run of the mill general N/A model.

- Do you have the paperwork showing this is an imported euro model?
- Is it okay if I run the VIN number to check the history (so you can go look at it and prove it's what he says it is)

Greyporsche wrote:
The Good: It has a clean engine bay. The sunroof bag is there. original upgrade spoke rims. Was told it has only 71k original miles. Suspension and brakes seem good. Clutch pedal was strong and shifter was tight and smooth through the gears.


Good. But look at the wiring, the fuse box, check the hatch seal and door seals and CHECK THE BATTERY BAY FOR RUST.

Greyporsche wrote:
The Bad: You can't currently start it and a mechanic said it needs a fuel pump. Interior seating needs recovered(maybe the driver seat could be saved). Has a quite nasty looking electrical issue from an inoperative security system half wired in.


Again

- How do you know it's the fuel pump?
- Was the pump bench tested?
- What symptoms are we experiencing?
- What exactly is the car doing?

Greyporsche wrote:
Was in a wreck 3 years and i assume in 83 since the euro was originally orange-ish and is gold when they bought it. Needs bodywork and paint. No stereo. Ugly aftermarket steering wheel. Sunroof and back hatch need a bit of DIY(no water issues). Needs new windshield. Nice set of eagle gt tires that have started to rot. Needs a new battery.


Was in a wreck... was it given a salvage title? shown as okay? What's the deal on it? And are YOU comfortable with it if it is?

The rest is just going to cost $$$

Greyporsche wrote:
Dad asked me to call him tomorrow for a final decision on selling it and how much he could let it go for. I don't know. I do want the car but i don't like the way this has really gone down either...
What do you guys think?


Here is what it will come down to:

- What do you want out of this car? Just a 924? or do you have plans? If so are you planning on a full resto?
- What are you WILLING to spend on it? I can tell you right now that every Porsche I have bought thus far at some point has exceeded it's original purchase cost in parts/maintenance/headache/issues etc...
- Are you PLANNING on selling it at some point? If so realize that it may or may not actually cost you more than you initially spent on it, and they don't sell for a lot, so don't plan on turning it for huge profit.
- How much are you willing to work on it? If you do the work yourself the cost isn't really that bad. 924 parts are cheap in comparison to 944/911/914 parts for the most part unless you have to go find some rare CIS part that was rebuilt and shipped off from the motherland or some crap like that. But they're also stupid easy to work on once you get the hang of them. Although ... those torque tubes are no fun....


It's going to come down to what you want, what you expect, how much you want to spend, if you don't mind possibly going over your head in cost and ultimately what it's worth to YOU.

Realistically for $2,000 you can probably go find one that has good paint, interior, wheels, runs perfectly strong and doesn't need a whole hell of a lot. Restos are never cheap for the most part since you can usually buy a good example for the price less than that of a resto.

However, if you're in it for the resto experience, having fun, getting to know your car and you don't care what you spend, well, go for it! I got mine which was a giant heap of rust for $750 and was fine with the brakes being seized, engine not running and everything a mess. I'll be a track car soon (muahahaha). But it's no resto.
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- 1977 Porsche 924 2.0 N/A (Trackday Project)
- 1979 Porsche 924 2.0 N/A (The other daily)
- 1980 Porsche 931 (Daily)
- 1987 Lamborghini Jalpa
- 1999 Ducati 900SS
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Khal  



Joined: 26 Sep 2003
Posts: 4872
Location: Sunny and lovely interior BC, Canada

PostPosted: Thu Jan 27, 2011 2:14 pm    Post subject: Re: I'd like your opinion on my possible purchase Reply with quote

CorsePerVita wrote:
Realistically for $2,000 you can probably go find one that has good paint, interior, wheels, runs perfectly strong and doesn't need a whole hell of a lot.


Yeah, grab this one...
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Drizz  



Joined: 10 Nov 2010
Posts: 93
Location: Dekalb, Illinois

PostPosted: Thu Jan 27, 2011 2:36 pm    Post subject: Reply with quote

"It can't rust!" lol, I hear galvanization on the 924 bodies are pretty rare!!!
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Rasta Monsta  



Joined: 12 Jul 2006
Posts: 11733
Location: PacNW

PostPosted: Thu Jan 27, 2011 2:51 pm    Post subject: Reply with quote

Corse, Euro model does mean something if the car has euro bumpers, fogs, and no US side markers.
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!tom  



Joined: 28 Aug 2006
Posts: 1941
Location: Victoria, BC Canada

PostPosted: Thu Jan 27, 2011 5:20 pm    Post subject: Reply with quote

...and pistons
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Harm  



Joined: 02 Apr 2009
Posts: 1378
Location: Holland

PostPosted: Thu Jan 27, 2011 10:50 pm    Post subject: Re: I'd like your opinion on my possible purchase Reply with quote

...AKA the XK engine (larger valves) with 125HP …when it was young

Another visual thing EU do not have is emissions control under the hood,
meaning there is very few vacuum hoses running around in the engine bay; One.
Yes, this should be one thin vacuum line between the Throttle Body
and the EU Spark Distributor (attached to the vacuum advance thingy).
(Or a PO took it out…)

Since the engine bay is clean check the vacuum hoses and engine code for EU identification or run the VIN.
Engine code location see http://www.924board.org/viewtopic.php?p=223339&sid=556d7094097e309c730d92c8fb23dcb0#223339

Greyporsche wrote:
Was told it has only 71k original miles.

Ask yourself why, with that low milage, its interior is trash
& “I love my car, but it didn't do 100K: Whats wrong with me/it?!”
Lets add another 100k… or more?

Too little time to go through all the details plus CorsePerVita covers the main idea pretty well…
Don't be pushed into it; Take your time and think it over.
Don't buy it anyway tomorrow, maybe next week…
Curious how this comes out.
Regards, Harm.
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peterld  



Joined: 10 Dec 2006
Posts: 984
Location: Noosa Heads QLD Australia

PostPosted: Thu Jan 27, 2011 11:01 pm    Post subject: Reply with quote

+1 to everything that has been said in the preceding. $400 max! for what is essentially a parts car.
All of us here on the Board (well most of us, anyway) have spent way too much on projects just like yours. For that asking price you will be able to buy a nice running car with many of the issues this one has already fixed.
Best of luck.
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kcoyle  



Joined: 15 Jan 2011
Posts: 712
Location: Long Island, NY

PostPosted: Thu Jan 27, 2011 11:44 pm    Post subject: Re: I'd like your opinion on my possible purchase Reply with quote

Greyporsche wrote:
I came here to see about fixing a Porsche 924 that has been sitting for a couple years

I do want the car but i don't like the way this has really gone down either...
What do you guys think?


Both of those statements tell me to walk away.

If you don't feel good about it, forget it. Personally, I think that $400 porsche 924 is only 5K away from a 3k 924.
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Min  



Joined: 04 Nov 2002
Posts: 2368
Location: Vernon, British Columbia, Canada

PostPosted: Fri Jan 28, 2011 12:29 am    Post subject: Reply with quote

People here have paid over 400 dollars just for euro bumpers. I'd call it 500 bucks though.

Min
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ideola  



Joined: 01 Oct 2004
Posts: 15550
Location: Spring Lake MI

PostPosted: Fri Jan 28, 2011 3:41 am    Post subject: Reply with quote

The late U.S. (1981-1982) models had 9:1 compression and 120 BHP. The Euro models had 9.5:1 compression and 125 BHP. Is that worth the difference between $400 and $2000? I think not.

There might be some value in the bumpers and euro fenders, but you can't rationally compare complete car values to parts values. Everybody knows these cars are worth more in parts than as whole units. Sad but true...and that's a truism that applies to most 30 year old cars.

It's not worth $2K any way you slice it.

Buy it for $400 or walk away. There are plenty of better examples to be had if you're patient and persistent. In fact, look for a turbo.
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CorsePerVita  



Joined: 25 Jul 2008
Posts: 1992
Location: Redmond, Oregon

PostPosted: Fri Jan 28, 2011 3:48 am    Post subject: Reply with quote

Rasta Monsta wrote:
Corse, Euro model does mean something if the car has euro bumpers, fogs, and no US side markers.


Agreed, if that's done. the previous owner on my 944 tried to tell me my 944 was a euro model, it was a stock 944 n/a. lol... some people try to pass off cars as something they aren't. i haven't seen pics of his car so i have no idea what it is. But if it is, then, that's a different story.
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- 1977 Porsche 924 2.0 N/A (Trackday Project)
- 1979 Porsche 924 2.0 N/A (The other daily)
- 1980 Porsche 931 (Daily)
- 1987 Lamborghini Jalpa
- 1999 Ducati 900SS
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Greyporsche  



Joined: 27 Jan 2011
Posts: 7
Location: KY

PostPosted: Fri Jan 28, 2011 4:10 am    Post subject: Reply with quote

sorry i couldn't find an old photo or 2 sooner. i just had about about 20000 to sort through. the 1st 2 here http://www.flickr.com/photos/16447846@N03/?saved=1[/img]
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Slam  



Joined: 07 Jan 2005
Posts: 1690
Location: Wainwright, Alberta, Canada

PostPosted: Fri Jan 28, 2011 4:18 am    Post subject: Reply with quote

That's no Euro car. How much damage is there to that front end? The hood is crooked at the DS front and it appears as if the PS front bumper is damaged, but it's hard to tell from those photos.

I see a car saying,"Please save me from my terrible owner!"

Love the color, though.

BTW, a Euro car should look like this grey one - it's a proper 1984 924 Euro - check out the bumper and marker light configuration:


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