Quote:
Originally Posted by TGPCAR
HELP!! I have been searching for months for a Boxster to get before my 30th birthday. I found one with only a week left. Here is the dilemma: 2001 Red Boxster S, 80,000 miles, $7000. Just had the IMS, Flywheel, Clutch, RMS, new transmission mounts and new left side axle, and Oil change for $4,454 at a local (and reputable) indy shop. Parts $3045.55 and Labor $1078. Current owner also upgraded the audio with some decent, but basic stuff. My issue: REBUILT TITLE from a total loss accident in 2010.
Known issues: It needs new front tie-rods, alignment, driver-side window motor or regulator needs replacing, replacement washer reservoir, a major cleaning and detailing (cobwebs and leaves in the forward boot), convertible motor sounds like a dinosaur scream. It appears the front bumper cover is also sagging. And the rest is cosmetic.
Would you buy this for $6000-$7000? If not, what would you pay?
Is the afore mentioned repair cost a fair market repair cost?
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Honestly, in great condition with clear title, that car's worth $9000.
In great condition with rebuilt title, it's worth $5500.
Condition as described? $4000. But he'll never let it go for that. He'll wait until someone comes along that doesn't do as much homework as you have, and he'll settle for $5200.
The question in my mind is this: it sounds like you've set yourself a goal of sorts, with a timeline. What's that worth to ya? $1200? It would be to me.... All. Day. Long.
I'd pay him $5200, knowing I'm paying $1200 more than I should, because the goal meant something more than 'have I found the right car yet', Y'know?
Eyes wide open. You're not getting screwed if you make the decision knowing all the facts.
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