1988 Porsche 924 S ( Similar To 944 968 928 ) on 2040-cars
Oak Park, Illinois, United States
1988 Porsche 924 S Mileage: 124300 Title status: Clear Price: $2900
The Good: This vehicle was purchased several months ago from the original owner The previous owner used it as a daily driver for his wife so it was well maintained Recent new battery A/C works as do all other engine accessories Higher-output 944-based engine compared to the earlier 924 non-S Already a classic; this was the last year of production for the 924 S so it had more power than earlier S models Suspension and other upgrades from the 944 model were installed from the factory Excellent weight balance front and rear for superb handling Extensive service records are available and to be included with the sale of the car Tires are in great shape. They are mounted on the factory “phone-dial” wheels. Comes with two Haynes repair manuals
The Bad: Hood and trunk struts need replacement There is some rust on the car, especially the rear valance and near the rear license plate Paint is faded in some areas Handbrake is in-operable Wipers work but do not switch off completely sometimes. I suspect a bad switch or relay Cracked dash Passenger window switch on driver's side is intermittent May need timing belt/balance shaft replacement. Previous owner said it was done but he did not have documentation to prove it
I am selling this car for my friend and coworker. I can meet you in Oak Park, IL during non-business hours. Feel free to contact me using the information below.
Email: bmw325[underscore]num99[at]Hotmail[dot]com Call/text: 7O8 262 2O95
More information can be found here:
Here is a brief summary on these cars from Wikipedia:
“In 1988, the 924S' final year of production, power increased to 160 bhp (119 kW; 162 PS) matching that of the previous year's Le Mans spec cars and the base model 944 (itself detuned by 3 bhp (2 kW; 3 PS) for 1988). This was achieved using different pistons which raised the S' compression ratio from 9.7:1 to 10.2:1, the knock-on effect being an increase in the octane rating, up from 91 RON to 95. This made the 924S slightly faster than the base 944 due to its lighter weight and more aerodynamic body.”
Hemmings Motor News wrote a great piece on the car here:
http://blog.hemmings.com/index.php/2013/08/12/lost-cars-of-the-1980s-porsche-924s/
This car is priced $700 below the fair market value for a condition 4 car to raise cash for a needed home-heating repair:
https://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vc=864351
The car is priced $3000 below retail for a below average condition car: http://www.nadaguides.com/Classic-Cars/1988/Porsche/924S/2-Door-Coupe/Values
Build numbers:
History:
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Porsche 924 for Sale
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Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid
Mon, 03 Feb 2014Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that that eventually resulted in it nearly going bankrupt and eventually being taken over by the same company it sought to control, the aftermath has left Porsche Chairman Wolfgang Porsche and board member Ferdinand Piëch in the crosshairs of seven hedge funds that lost out during the takeover and are now seeking €1.8 billion - $2.43 billion US - in damages from the two execs, according to the BBC.
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Naturally, when you bet that a company's share price is going to drop and it in turn (temporarily) becomes the world's most valuable company, you lose a lot of money, unless you're able to buy up shares before prices jump too much. This led to a squeeze on the stock, which the hedge funds accuse Porsche and Piëch (who are both members of the Porsche family and supervisory board) of organizing.
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The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.
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