993 TT without service book or service records?
Discussion
MclaesLaren said:
Have a 993 TT on hand for purchase. But it lacks, service book and copies of worksheets and invoices.
Q of the day. How much does that usually affect price?
Say the car normally would have a price of 120k £ with full documentation.
Considering thats approaching 30 years of zero documentation then its gotta be 50% less. Q of the day. How much does that usually affect price?
Say the car normally would have a price of 120k £ with full documentation.
Get it looked at by an independent Porsche expert, they will be able to tell if it has been cared for or not. It’s a rare car so surely you can track down some history.
I bought a 205 gti with zero history, a previous owner got in touch and posted me a massive history file for the car.
I bought a 205 gti with zero history, a previous owner got in touch and posted me a massive history file for the car.
Wilmslowboy said:
Small number of owners, complete MOT history, specialist or OPC that can vouch for the car - then missing books will matter very little.
None of the above and no service history will compound the poor provenance, then it could be as much as 10 to 20% penalty.
Its 20% now for this transaction, but one is inherently a problem when they subsequently sale - they'll get beat up on it then too. Therefore:None of the above and no service history will compound the poor provenance, then it could be as much as 10 to 20% penalty.
20% off now in ones advantage
+
20% to cover the hit later down the line
+
10% buffer
= 50% off for sure.
julian987R said:
Its 20% now for this transaction, but one is inherently a problem when they subsequently sale - they'll get beat up on it then too. Therefore:
20% off now in ones advantage
+
20% to cover the hit later down the line
+
10% buffer
= 50% off for sure.
£60k for 993 turbo with no service history book, as long as it was non written off, and passed an inspection would be the bargain of the decade. I’d happy buy it. 20% off now in ones advantage
+
20% to cover the hit later down the line
+
10% buffer
= 50% off for sure.
Wilmslowboy said:
£60k for 993 turbo with no service history book, as long as it was non written off, and passed an inspection would be the bargain of the decade. I’d happy buy it.
Well there you go then, that discount has got you convinced. If I had said 10% or 20% would you still be as enthusiastic? blackmamba said:
Comedy gold! Please show me a few good cars with no history for 50% off market value and I’ll probably buy them all.
Get the car inspected and check it is all ok. Buy on condition and allow a sensible amount for lack of history.
Get in the queue - I’m first in line for any 993 TT with missing service history at anything even approaching like 50% off mkt value Get the car inspected and check it is all ok. Buy on condition and allow a sensible amount for lack of history.
There would be a que around the block for 50% off 993 Turbo's with 50% off - Crazy Guess right there! Would you get 50% off a MK1 Golf GTi with no history? Nope!
Anyway, it'll probably be quite traceable anyway, You can look at where the MOT stations are (With the V5C ref) and have a look for local independents/OPC in the area and try calling them. That's what I used to do with gaps in the history when I was buying and selling them. Amazing how much you could piece together.
Get an independent inspection by someone that knows these cars and so long as it's priced accordingly what can go wrong?
Anyway, it'll probably be quite traceable anyway, You can look at where the MOT stations are (With the V5C ref) and have a look for local independents/OPC in the area and try calling them. That's what I used to do with gaps in the history when I was buying and selling them. Amazing how much you could piece together.
Get an independent inspection by someone that knows these cars and so long as it's priced accordingly what can go wrong?
You can go back to 2006 with the DVLA online MOT history ... as others have said, mechanical stuff can be repaired, a good quality inspection can resolve accident, bodywork and exposed mechanical issues ... do insurance companies covering vehicle failure need any more than a good inspection to provide cover ?
I bought a Morris Minor 1000 that was in beautiful condition but had no history ... I registered my ownership with the MMOC (club) ... and a relative of a previous owner got in touch with the club trying to match the information the had found wit the car ...
It happens.
I bought a Morris Minor 1000 that was in beautiful condition but had no history ... I registered my ownership with the MMOC (club) ... and a relative of a previous owner got in touch with the club trying to match the information the had found wit the car ...
It happens.
There was a 964 turbo 3.3 which came up recently for auction (around may 2022)
Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
I remember buying the blue RHD 993 RS CS years ago that had little to no history when it was approx 17 years old at the time. I kept that car circa 10 years during which time the history file was re built along with filling some gaps in its early history. Made zero difference when I came to sell it.
I currently have a 964 Turbo S thats teh same. History file went missing, and now a few years into ownership its starting to look ok. Another 10 years and the file will be superb.
Yes there is a discount but its not 50%
I currently have a 964 Turbo S thats teh same. History file went missing, and now a few years into ownership its starting to look ok. Another 10 years and the file will be superb.
Yes there is a discount but its not 50%
G Thang said:
There was a 964 turbo 3.3 which came up recently for auction (around may 2022)
Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
Ok, so....Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
120K-97K = 23K reduction due to no documents.
That equates to approx 20% less
Now factor in the 20% reduction one will face when it comes to selling it on years later, which you'd want to allow for considering the no-docs issue one is inheriting,
That would be 40%
Now add in 10% buffer.
= 50% off.
You see, it does add up. There is method to my madness.
julian987R said:
G Thang said:
There was a 964 turbo 3.3 which came up recently for auction (around may 2022)
Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
Ok, so....Normal asking price from a trader would be say 120K and it went for about 97K (including fees) in the auction IIRC having lost all documents.
How much it would have gone for at auction with documents, who knows, but they usually seem to come close to market value.
I think it was at CCA.
120K-97K = 23K reduction due to no documents.
That equates to approx 20% less
Now factor in the 20% reduction one will face when it comes to selling it on years later, which you'd want to allow for considering the no-docs issue one is inheriting,
That would be 40%
Now add in 10% buffer.
= 50% off.
You see, it does add up. There is method to my madness.
Why would it drop a second time? If you bought it for 20% under market then that is the assumed value, it is not the case that it is 20% off each time it sells or every x years. It would, in theory, remain the same 20% under market value for all time….although as more and more drop off the usable condition I suspect the margin would decrease.
Caddyshack said:
That does sound like madness.
Why would it drop a second time? If you bought it for 20% under market then that is the assumed value, it is not the case that it is 20% off each time it sells or every x years. It would, in theory, remain the same 20% under market value for all time….although as more and more drop off the usable condition I suspect the margin would decrease.
Nah as you'd get beaten up (not literally) over the price each time. Cover for now, and for later, stands to reason. Why would it drop a second time? If you bought it for 20% under market then that is the assumed value, it is not the case that it is 20% off each time it sells or every x years. It would, in theory, remain the same 20% under market value for all time….although as more and more drop off the usable condition I suspect the margin would decrease.
julian987R said:
Ok, so....
120K-97K = 23K reduction due to no documents.
That equates to approx 20% less
Now factor in the 20% reduction one will face when it comes to selling it on years later, which you'd want to allow for considering the no-docs issue one is inheriting,
That would be 40%
Now add in 10% buffer.
= 50% off.
You see, it does add up. There is method to my madness.
Odd maths120K-97K = 23K reduction due to no documents.
That equates to approx 20% less
Now factor in the 20% reduction one will face when it comes to selling it on years later, which you'd want to allow for considering the no-docs issue one is inheriting,
That would be 40%
Now add in 10% buffer.
= 50% off.
You see, it does add up. There is method to my madness.
so say 100k for perfect and 20% less for no history so 80K to buy
then sell say 5 years later and no history and (for simplicity) market still says 100k, then still 20% off market and 80k to sell ?
Why would it be a cumulative loss ?
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