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October 26th Update – avid GwR readers may recall us featuring this ’88 Porsche Targa two weeks ago for Sports Car Saturday as the “Whale Tale” post. As you’ll read below, we had our guard up with this car and thought the seller’s price of $32,500 was very optimistic and our opinion was this car should not be purchased for more than $25,000. Fast forward to late yesterday and we found an updated ad with a new one sentence description: “Selling a 88 Porsche 911 G50 transmission, been sitting over a year, clean title, serious buyers only.” and now priced at $25K with no new pictures and no mention of being family owned since new. Here’s an example of why you need to do your homework thoroughly before buying a car online without looking at it in person.
Original October 12 post: Updated earlier this week in Iselin, New Jersey is this driver-quality, Guards Red over Black leather 1987 Porsche Carrera Targa on Craigslist the private seller is currently asking $32,500 for. Using the Hagerty Insurance Online Valuation Tool as a guide, the private seller currently has his Targa priced slightly higher than halfway between the #3 “Good” estimate of $39,000 and the #4 “Fair” (Daily Driver) guideline of $24,500. While we agree with the seller’s assertion this Carrera appears to be a rust-free example, the pictures provided illustrate a number of visible cosmetic flaws that will need to be addressed. That combined with 130K miles, we think the seller realistically needs to expect no more than $25,000 for their Targa.
Porsche marked the 21st anniversary of its venerable 911 in 1984 with the launch of 3.2 Carrera designed to replace the SC. Save for a new dashboard design with larger air conditioning vents in 1986, The 3.2 Carrera is almost indistinguishable from the SC with the biggest clue being the fog lights were now integrated into the valance panel underneath the front bumper. The big news for the “new” Carrera was its heavily revised 3.2 liter flat-six air-cooled engine that in addition to an improved timing chain tensioner system, driving refinement and reliability through an upgrade of the fuel and ignition components to Bosch’s L-Jetronic with Motronics 2 DME (Digital Motor Electronics) system. The 1987 model featured here also benefits from the more stout Getrag G50 five-speed manual combined with a bump in horsepower to 217 the year before. In the late eighties, emissions, noise, and safety regulations were starting to take their toll on the aging 911 design, so the 3.2 Carrera produced from 1984-1989 represents the last iteration of the original car.
The current caretaker of this classic eighties Porsche Targa does not provide much information other than the following: “Hello selling this all original Porsche 911 with 130,000 miles family owned since new, no accidents, no rust, very solid car, clean title.” If the current seller cannot provide complete documentation and/or is unwilling to entertain offers under $30K, drive away and look for another example in better condition as there are plenty of them out there. If they can provide a history, we still recommend having a Porsche certified technician complete a pre-purchase inspection (“PPI”) to get an understanding of what this Targa will need mechanically in addition to the cosmetic issues.
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