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Old 10-22-2012, 09:10 PM
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Linnm
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Default Major accident

Unfortunately my 1996 C4S was hit hard last week in the right side rear. I am the original owner, car has about 110,000 miles on the clock. Car is Polar Silver with black standard interior

Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape

I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
Old 10-22-2012, 09:16 PM
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doc_porsche
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i say right around $35000-$40000 depending on options etc......
Old 10-22-2012, 09:16 PM
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CorrdoBrit
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Sorry to hear about the accident. Hopefully no one was hurt as that's what really matters most.

As for your question. If you're a member of the PCA they will provide a valuation service for free and carry more weight than anything we might be able to suggest. KBB is also pretty close to market value these days, although the value won't take the engine out overhaul into account which obviously adds value a prospective buyer.
Old 10-22-2012, 09:22 PM
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IXLR8
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Originally Posted by Linnm
Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator.
Did you keep all invoices? I'd assume so considering you are the original owner.

It would certainly be worth more than the same car with those miles.
Old 10-22-2012, 09:31 PM
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budge96
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Mileage will likely be your biggest obstacle with the insurer,to them its simply another 16 year old vehicle
if the repairs were done within the last say 24 months I'd imagine they should bear a higher valuation,
that withstanding probably the upper end of current market...Bert
Old 10-22-2012, 09:34 PM
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Linnm
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Thank you very much so far!

I forgot to mention that what I need is a number for your estimate of its worth before the accident.
Old 10-22-2012, 09:37 PM
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ilko
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So sorry to hear this! Is it deemed a total loss?

My car is identical to yours - 110K mile 1996 Polar Silver C4S. I have a couple of PCA evaluation letters (one from 2009 and one from last year IIRC) and would be happy to email them to you. I get them every couple of years for that reason - to argue with ins co if something happens to the car. They evaluated it in the high 40s I believe. I know that's more than what a buyer is willing to pay.

KBB says around $32K for a car in excellent shape but I think that's low.

So the true value IMO is somewhere in the middle. High 30s more than likely. Please keep us posted.
Old 10-22-2012, 10:13 PM
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nile13
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I would personally be surprised with high 30s for a 110k miles car. My guess is low 30s, if that.

But... wait for insurance company to come to you. They very well might offer more than you expect. If not, do a little ebay search, look at PCA classifieds, look at Rennlist classifieds and gather datapoints to present to insurance company. Look at Autotrader and cars.com as well.

Don't forget that they owe you sale tax on whatever value they calculate, although I'm far from sure that there tax on cars in GA.

The bottom line is that they owe you a replacement car. In other words you should be able to go out tomorrow and buy another '96 993 from a dealer without bargaining. That means that prevailing asking prices is what they owe you, essentially.
Old 10-22-2012, 10:22 PM
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djantlive
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low 30's is a bit too low

i am seeing c2 for that

c4s would be mid to high 40's with low miles. yours is probly low 40's. i would not settle for anything under 40k
Old 10-22-2012, 10:29 PM
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tcsracing1
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one owner! dang!!

high mileage 1996 would be a $35k car at market, you would need $40k to replace it all the same....

If they dick you around below 35k, take 30k for car and keep the wreck.
Wreck has at least 15k worth of bounty. Doors, seats, bumper, hood, wheels, engine/tranny etc....

Would you look for another 993 or buy a newer carrera 997/991?
Old 10-22-2012, 10:37 PM
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Guest89
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Originally Posted by Linnm
Unfortunately my 1996 C4S was hit hard last week in the right side rear. I am the original owner, car has about 110,000 miles on the clock. Car is Polar Silver with black standard interior

Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape

I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
Sorry to hear; I DD my 993, and I've seen a silver 96+ commuting in Buckhead some (Lenox Road/Buckhead loop) - was it you?
Old 10-22-2012, 10:37 PM
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nile13
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Could you show me 100K+ miles C4Ss in the 40s?
Old 10-23-2012, 04:19 AM
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Sorry to hear this....
Cautionary tale for all of us
I just switched to agreed value with Leland West through PCA
60K no questions asked
I hate insurance companies
Old 10-23-2012, 09:05 AM
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pirahna
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I would say $32-34k with those miles.
Old 10-23-2012, 12:16 PM
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I too think the miles will lower the value, but the "S" adds some back in. I think $35 is prob the range personally, but here's what I did a few years ago with a similar problem:
1) Provided receipts and such to insurance.
2) Waited for their low ball and made it clear it was unacceptable, and made it clear that I would keep coming back for everything owed to make me whole.
3) I ignored KBB and other "sources" of dubious value to the 993 market, but I did use Excellence, ads in Panorama and other Porsche-specific magazines/pubs (including Rennlist), got a letter from PCA, talked to mechanics, and provided about 30 pages of such material to the insurance company.
4) Channel Winston Churchill...never, ever, ever, ever give up.

If I recall they came up over 20% from their initial offer.

Good luck.


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