Why oh why did someone just pay $26,255 for a water-cooled Porsche 911 with a possible major engine problem?

David S.
By David S. Wallens
Jul 16, 2021 | Porsche, 911, Bring a Trailer, Coolant

Pairing together the words “Porsche” and “project” usually sound the warning bells.

Bring a Trailer just got $26,255 for a 1999 Porsche 911 Carrera 4. According to Hagerty's guide, that’s a tick more than No. 3 money–that being the price for a good example.

The kicker here? "The selling dealer notes that engine oil is present in the coolant system."

[First-time Porsche buyer's guide: 5 models perfect for scratching that itch]

So, basically, we have a project. (And a milkshake.)

And this car has a Tiptonic transmission–Porsche speak for an automatic box.

[2001 Porsche Boxster S project car]

Any good news about this car? Well, the listing does mention an LN Engineering IMS bearing kit and lots of recent service. The option codes specify the factory aero kit and 993 Turbo-look wheels.

So, bought right or sold right? Or is this a case of rising 997 prices driving the 996 market?

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Comments
APEowner
APEowner GRM+ Memberand SuperDork
7/12/21 3:02 p.m.

I think it's a case of rising 997 prices driving the 996 market.  I think this because every time my toy car budget starts to get close to 911 purchase prices the market drives the prices up and it was time for that market adjustment to take place again.

BoxheadTim
BoxheadTim GRM+ Memberand MegaDork
7/12/21 3:04 p.m.

Automatic and engine oil in the coolant. Someone hit the lottery on that one, unless they have a free known good engine stashed away somewhere.

Tom1200
Tom1200 SuperDork
7/12/21 3:08 p.m.

I have given up on 911s.

Opinion naturally but I now find the prices to be ridiculous and without rhyme or reason.

CrustyRedXpress
CrustyRedXpress GRM+ Memberand HalfDork
7/12/21 3:13 p.m.

The list of things that can go wrong with the m96 engines doesn't stop with the IMS bearing. Don't forget d-chunking the cylinder liners and engine block porosity. 

When I looked at this stuff in 2016 a refurbished engine from Raby was 20k and a 6 month wait. 

It's notable that the 996 was left out of the "First time Porsche buyer's guide." 

 

David S. Wallens
David S. Wallens Editorial Director
7/12/21 3:21 p.m.

Tim shared this sale with me this morning. Well, I thought, 997 prices are on the rise since examples with stick shifts are hard to find.

Then I noticed that this one had a Tip....

Keith Tanner
Keith Tanner GRM+ Memberand MegaDork
7/12/21 3:24 p.m.

Nothing an LS won't fix :)

Seriously.

BoxheadTim
BoxheadTim GRM+ Memberand MegaDork
7/12/21 3:26 p.m.

Also looks like the head gaskets were changed not too long ago, and there still are traces of oil in the cooling system. Makes one wonder a little bit.

Tyler H (Forum Supporter)
Tyler H (Forum Supporter) GRM+ Memberand UberDork
7/12/21 3:35 p.m.
Tom1200 said:

I have given up on 911s.

Opinion naturally but I now find the prices to be ridiculous and without rhyme or reason.

The uptick in the 996 market is kinda like the recent renewed interest in the Star Wars prequels.  Coincidence?  

The Phantom Menace (1999) ; Porsche 996 (1999)

Attack of the Clones (2002) ; Porsche 996.2 (2002)

Revenge of the Sith (2005) ; Porsche 997 (2005)

 

 

Jordan Rimpela
Jordan Rimpela Dork
7/12/21 3:51 p.m.

The 996 is on the rise, thanks mostly in part because the aircooled market drove buyers out along with the 997 market. 

Tom Suddard
Tom Suddard GRM+ Memberand Director of Marketing & Digital Assets
7/12/21 3:53 p.m.
Keith Tanner said:

Nothing an LS won't fix :)

Seriously.

Square left in 50 caution ocean! - Author of How To Build a High Performance Mazda Miata

I drove this car a few weeks ago. Not going to lie... it made me want to pick up a 996 with a blown engine!

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