Matching engine number value

[Frank Beck]

I know I’ve been on this soapbox before but it still amazes me how some chassis owners are so twisted that they refuse to pay a fair price for their matching number case. (A minimum of 6% of the restored value of their particular model car should be the basement.)

BUT

they don’t seem to have a problem reaping the reward of at least a 20% increase in value of the car once said case is acquired. Simple ROI math folks.

Incredible.

[moito]

I know I’ve been on this soapbox before but it still amazes me how some chassis owners are so twisted that they refuse to pay a fair price for their matching number case. (A minimum of 6% of the restored value of their particular model car should be the basement.)

BUT

they don’t seem to have a problem reaping the reward of at least a 20% increase in value of the car once said case is acquired. Simple ROI math folks.

Incredible.

wahoooo bloody hell,never did this calculation ...but you are right +/-6% is a steal---need to talk to mr limbo...

[Unobtanium-inc]

Or you could just sell it at market price like we do, and be happy that another car is made whole. Gordon Gecko was wrong, greed is not good.

https://unobtaniuminc.wordpress.com/...feels-so-good/

---Adam

[Norm01]

Or you could just sell it at market price like we do, and be happy that another car is made whole. Gordon Gecko was wrong, greed is not good.

https://unobtaniuminc.wordpress.com/...feels-so-good/

---Adam

What he said

[911MRP]

I can relate to Adams satisfaction. Not commenting on the commercial aspect of reunion but my dear friend the late Chris Turner who had been an independent Porsche specialist in north London since 1974 and I put the original engine back in a 356 speedster. Engine and car had got split up car ended up in UK but engine was found and arrived in a wooden case from USA. Always wonderful to work alongside Chris as I was fortunate to do regularly just for fun, he was held in such high regard for his warm generous personality and Porsche skills, but it was especially satisfying to rebuild this engine and then to see it all come together again in a nice car.

S

[Theunz]

It seems to me that there is only one buyer who would pay a premium for the original block and he holds the cards. If he doesn't buy it the seller is left with a block worth only market value. Anything he offers over market value is a bonus to the seller. Even though it would increase the value of his car he may not be able to afford the investment, or maybe he just has the car because he enjoys it! If for instance the restored value of a particular car is $150,000 and he pays $9,000 for the block and then the $15,000 to $20,000 for the engine build has he really gained much?

[Frank Beck]

Or you could just sell it at market price like we do, and be happy that another car is made whole.

Absolutely!

If the owner of the thing wants to offer a charitable gift to someone, that's the giver's prerogative. The moment the buyer (recipient) expects a charitable discount, that's entitlement.

Obviously there can be a Catch 22 to one of these transactions because a chassis owner can tell an engine owner to "go pound sand; I'll keep my current non-matching case and be very happy". Then no one wins.


BTW: I've sold enough matching number cases to confirm that the "6%" figure is in fact well within the market rate. I've actually had people pay more than that and they still felt like it was manna from heaven.

[Unobtanium-inc]

Absolutely!

If the owner of the thing wants to offer a charitable gift to someone, that's the giver's prerogative. The moment the buyer (recipient) expects a charitable discount, that's entitlement.

Obviously there can be a Catch 22 to one of these transactions because a chassis owner can tell an engine owner to "go pound sand; I'll keep my current non-matching case and be very happy". Then no one wins.


BTW: I've sold enough matching number cases to confirm that the "6%" figure is in fact well within the market rate. I've actually had people pay more than that and they still felt like it was manna from heaven.

Except you started this thread crabbing about guys who won't pay what you think is fair. And you said your 6% should be the basement which means you're probably quoting people much higher, saying it will increase the value of the car by at least 20%!
Here is my ultimate take on selling someone their original motor. I currently have well over 100 engines/cases, they aren't fast movers, especially regular cases. So if someone wants one and will pay market, that's one less one I have to move around and do a yearly inventory of.

Don't be greedy because the good news is market price for a Porsche part is usually pretty good money, it's not like this is VW stuff.

---Adam

[Frank Beck]

If for instance the restored value of a particular car is $150,000 and he pays $9,000 for the block and then the $15,000 to $20,000 for the engine build has he really gained much?

Yes.
Because whatever the selling price would be it's at least 20-25% less with the non-matching number case. (I didn't make that up; the market bears this out.)

The 15-20k scenario you threw out is a straw man; If it was $20k to rebuild it with the replacement case then the engine needed to be rebuilt anyway which would increase the value of the car when finished. FYI: If someone brought us a healthy 911 engine for a "case transplant" (Let's say with less than 15k mi on a proper rebuild) we would charge approximately 8k to tear it down, transfer parts, and replace bearings, gaskets, seals, and o-rings.

[Frank Beck]

... saying it will increase the value of the car by at least 20%!

Yep.

As for your much higher than 6% comment: I try to stay in that area unless there are extenuating circumstances.


BTW: My offer still stands; if someone doesn't like my price on their matching number case then make me a 17% partner in the car and I'll contribute the case gratis. And probably provide a discount on the rebuild!