Quote:
Originally Posted by 986_inquiry
IMS totals the engine, so it is a $12k+ repair
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I don't think you can lump together a catastrophic repair (not part of the plan)
with doing a $7-$12K front-end on an air-cooled NA/Turbo engine which has to be done every x number miles. And only a small % of water-cooled engine need a total engine rebuild/swap. Over the long term on as far as cost to own, a water-cooled engine is by far the cheaper alternative. Well...unless you never drive the car but what's the point of having a sports car sitting in a glass bottle. If you're going to do that go buy a Jag or Merc.
Quote:
Originally Posted by 986_inquiry
996 911 for $10k? While I don't doubt that might have happened somewhere (hate to see what it looked like!), that's hardly the norm. ~$20,000 is closer to what they cost in average condition, but if you have some links for 911's selling for $10,000 I'd be happy to take a look 
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Somewhere?

How about this very forum less than a month ago? And by the looks of the photos, TheStone's 996.1 was hardly in average cosmetic or mechanical condition. A real enthusiast-owned cherry.
And guess what....that wasn't the first or even fifth 996 I saw go for $10-$12K. As a matter of fact there's a post right now on Rennlist for a 996 Cabriolet w/ 18" wheels purchased for $11.5k (
picture).
The only people selling moderate to high mileage early 996's near to $20K are people who found a buyer with more money than knowledge. $20K is the retail price for a guy who stumbles onto Autotrader and spots a dealership's marked up price for a 996 that they picked up for peanuts at Manheim auctions. Search the direct from the seller classifieds on Craigslist and the car forums and you'll see that expectation level for the mileage and condiditon of a standard early 996.1 listing for ~$20K demands a nearly immaculate car.
Here are unofficial production numbers for early 996's.
1998: 9248
1999: 28,040
2000: 20,979
2001: 27,275
Total: 85,542
And there's about another 100K 996.2's right behind those..