Buyer's Guide
What to know before purchasing a 964
Overview
The Porsche 964 (1989-1994) represents the first significant modernization of the 911 platform. While maintaining the classic air-cooled flat-six and rear-engine layout, the 964 added coil-spring suspension, power steering, ABS brakes, and available all-wheel drive (Carrera 4). The 3.6L engine produced 247-315 hp depending on variant. The 964 is often considered the last of the 'classic' 911s while offering more refinement than earlier models. Values have risen significantly as the air-cooled market has matured, making careful selection essential.
Quick Facts
Production
1989-1994
Total Produced
~63,000 worldwide
Price Range
$50,000 - $200,000+
Best Years
1992-1994 (refined production, fewer early issues)
Model Variants
Carrera 2
1990-1994
Rear-wheel drive variant with 247 hp. Lighter and more pure driving experience than C4. The driver's choice.
Desirability:
High
Carrera 4
1989-1994
All-wheel drive with sophisticated viscous coupling. Heavier but more stable. First year of 964 production.
Desirability:
Medium
RS / RS America
1992-1994
Lightweight homologation specials. European RS had 260 hp, RS America was a stripped Carrera 2. Both are collectible.
Desirability:
High
Turbo (965)
1991-1994
The iconic widebody with 3.3L (320 hp) or 3.6L (355 hp) turbocharged flat-six. Serious performance and serious maintenance.
Desirability:
High
Targa / Cabriolet
1990-1994
Open-top variants. Targa has removable roof panel, Cabriolet is full convertible. Less rigid but popular.
Desirability:
Medium
Pre-Purchase Inspection Checklist
Critical areas to examine before purchasing. Bring this checklist when viewing a 964.
Engine (Critical)
-
Oil Leaks
Air-cooled 911s leak oil - some is normal. Check chain housings, valve covers, and case halves for excessive leaks.
If bad: $1,000-4,000 depending on location
-
Timing Chain Tensioners
The dual-row timing chains have spring-loaded tensioners. Listen for chain rattle on cold start.
If bad: $2,000-4,000
-
Compression and Leak-down
Have a compression and leak-down test performed. Should be within 5% across cylinders.
If bad: Engine rebuild $15,000-30,000
-
DME and Fuel Injection
Check for smooth idle and proper fuel mixture. The Bosch Motronic system is reliable but sensors fail.
If bad: $500-2,000
-
Turbo System (965)
Check for shaft play, boost leaks, and wastegate operation. K26/K27 turbos are expensive to rebuild.
If bad: $3,000-6,000
Transmission & Drivetrain
-
G50 Transmission
Test all gears. The G50 5-speed is robust but synchros can wear. Check for popping out of gear.
If bad: $2,000-5,000 for rebuild
-
Clutch
Test engagement - should be smooth and grab mid-travel. Clutch replacement is labor-intensive.
If bad: $2,000-3,500
-
CV Joints
Listen for clicking in turns. Check boot condition for tears.
If bad: $500-1,000
-
AWD System (C4)
Test for proper engagement. Check for differential noise. System adds complexity.
If bad: $2,000-5,000
Suspension & Steering
-
Coilover Condition
964 introduced coil springs. Check for leaking shocks and worn bushings.
If bad: $1,500-3,000
-
Power Steering
Check for leaks from pump, rack, and lines. Listen for whining indicating low fluid.
If bad: $800-2,000
-
Control Arm Bushings
Front and rear bushings wear. Check for play and cracking.
If bad: $600-1,500
-
Wheel Bearings
Jack up each corner and check for play. Listen for grinding while driving.
If bad: $400-800 per corner
Body & Electrical
-
Rust Inspection
Check rocker panels, floor pans (especially under battery), and around windshield. Earlier cars rust more.
If bad: $2,000-10,000+
-
Wiring Condition
964 uses biodegradable wire sheathing that rodents love. Check for damage.
If bad: $1,000-5,000
-
Targa/Cabrio Seals
Check for leaks and proper seal condition on open-top models.
If bad: $500-1,500
-
HVAC System
Climate control can be complex. Test all functions including A/C.
If bad: $500-2,000
Pricing Guide
Prices as of 2026. Values vary by location, options, and market conditions.
Project Car
$35,000 - $60,000
Cars needing engine work or with significant issues. Still valuable due to air-cooled premiums.
Driver Quality
$60,000 - $90,000
Running and driving with some needs. Good entry point for air-cooled ownership.
Excellent
$90,000 - $140,000
Well-maintained Carrera 2 or C4 with documentation. Clean examples.
Concours / Collector
$140,000 - $250,000+
RS, RS America, or exceptional Turbo models. Low miles, fully documented.
Red Flags - Walk Away If...
- Oil smoke indicating worn engine internals
- Timing chain rattle on cold start
- Unknown service history
- Evidence of water damage or flooding
- Structural rust in rockers or shock towers
- Turbo models with boost control issues
- Heavy modifications without documentation
- Salvage or rebuilt title
What to Look For
Desirable features and options that add value:
- Carrera 2 manual for purest driving experience
- Complete service records from Porsche specialists
- Recent major service (clutch, timing chains if needed)
- Rust-free body, especially dry-climate cars
- Original paint and interior
- Sport seats option
- Limited-slip differential
- Books, tools, and documentation
Ownership Costs
Insurance
$1,500-3,000/year
Annual Maintenance
$2,000-5,000 for regular service
Common Repairs
$1,500-4,000/year typical
Fuel Economy
16-22 MPG
Expert Tips
- The 964 is the most affordable air-cooled 911 entry point currently
- Carrera 2 is preferred by drivers, C4 is more forgiving in bad weather
- Oil leaks are normal - excessive leaks are not. Learn the difference.
- Find a Porsche specialist or independent shop that knows air-cooled cars
- Factor in the cost of a pre-purchase inspection by an expert
- RS America values have skyrocketed - verify authenticity carefully
- The G50 transmission is robust and parts are available
- Join Rennlist.com and Pelican Parts forums for excellent technical support
- Budget for consumables like motor mounts and suspension bushings
- A well-maintained 964 will last indefinitely with proper care
Common Issues
Known problems, symptoms, and solutions for the 964 platform
Symptoms: Oil spots under car, oil on engine surfaces, visible seepage, low oil level, burning oil smell
The 964's M64 engine is notorious for oil leaks. The most common source is the chain housing gasket (timing chain cover), but oil also seeps from the case half seams, valve cover gaskets, oil cooler seals, and cam tower o-rings. While some seepage is considered normal for air-cooled engines, excessive leaks require attention.
Estimated Repair Costs
DIY
$200-500
Shop
$500-1200
Chain housings, valve covers, and cam towers common.
Common Fixes
- Chain housing (timing cover) gasket replacement - most common leak
- Case seam resealing requires engine removal
- Valve cover gaskets - relatively accessible
- Oil cooler hose and fitting inspection
- Cam tower o-rings (requires cam housing removal)
- Use correct Porsche sealant for case seams
Common Parts
| Part |
Part Number |
Est. Price |
| Chain Housing Gasket Set |
96410519501 |
$100-200 |
| Valve Cover Gasket Set |
96410593300 |
$50-100 |
| Cam Tower Gasket |
96410573900 |
$30-60 |
Symptoms: Clutch chatter, vibration at idle in gear, rattling noise, difficulty engaging gears
The 964 was the first 911 to use a dual-mass flywheel (DMF) to smooth out the flat-six's inherent vibration. These flywheels have internal springs and dampers that wear out over time, causing chatter and vibration. A failed DMF can also damage the clutch and transmission input shaft bearing.
Estimated Repair Costs
DIY
$800-1500
Shop
$2000-3500
DMF failure requires trans removal. Convert to single mass optional.
Common Fixes
- Replace dual-mass flywheel with OEM or single-mass conversion
- Single-mass conversion popular but increases drivetrain NVH
- Replace clutch and throw-out bearing at the same time
- Inspect transmission input shaft bearing while apart
- Consider lightweight flywheel for track use
Common Parts
| Part |
Part Number |
Est. Price |
| Dual Mass Flywheel |
96411401200 |
$800-1200 |
| Single Mass Conversion |
Various |
$600-1000 |
| Clutch Kit |
96411691100 |
$400-700 |
Symptoms: Hard starting, misfires, rough running, stalling, no spark
The 964 uses twin distributors driven off the camshafts. The distributor caps, rotors, and internal components wear over time. The distributor drive gears (plastic in early cars) can strip. Moisture intrusion causes cap corrosion and misfires. The dual-distributor system is complex but essential for the engine's operation.
Estimated Repair Costs
DIY
$200-400
Shop
$400-800
DME trigger failure. Rebuilt units available.
Common Fixes
- Replace distributor caps and rotors (quality Bosch parts)
- Inspect and replace distributor drive gear if worn
- Check and clean all ignition connections
- Replace spark plug wires if original
- Upgrade to brass distributor gear (if equipped with plastic)
Common Parts
| Part |
Part Number |
Est. Price |
| Distributor (Rebuilt) |
Various specialists |
$300-600 |
| Rotor |
93060291600 |
$40-80 |
| Distributor Cap |
93060291800 |
$50-100 |
Symptoms: Whining pump, heavy steering, fluid leaks, lack of assist, groaning noise
The 964 was the first 911 with standard power steering. The hydraulic system includes a pump, rack, reservoir, and lines that all age. Power steering pump failure is common, as are leaks from the rack seals, high-pressure lines, and return lines. The fluid should be changed regularly.
Estimated Repair Costs
DIY
$200-400
Shop
$500-1000
Pump and rack leaks common.
Common Fixes
- Power steering pump rebuild or replacement
- Replace leaking high-pressure and return hoses
- Rack seal replacement or rack rebuild
- Fluid flush and fill (use correct Pentosin fluid)
- Check and clean reservoir screen
Common Parts
| Part |
Part Number |
Est. Price |
| Power Steering Pump |
96434704007 |
$300-500 |
| Steering Rack Seal Kit |
Various |
$80-150 |
Symptoms: Grinding when shifting, difficulty engaging gears, blocked shifts, gear pop-out
The 964 uses the Getrag G50 5-speed transmission. While generally robust, the synchros wear over time, especially second gear. Aggressive driving, improper fluid, and inadequate warm-up accelerate wear. A worn synchro will grind or block when trying to engage the affected gear.
Estimated Repair Costs
DIY
$100-300
Shop
$400-1500
Synchros wear (especially 2nd). Use correct GL-4 fluid.
Common Fixes
- Regular transmission fluid changes (GL-4 or Swepco 201)
- Synchro replacement during transmission rebuild
- Proper shifting technique and full clutch engagement
- Allow transmission to warm up before aggressive driving
- Some owners run thicker fluid in worn transmissions
Common Parts
| Part |
Part Number |
Est. Price |
| GL-4 Gear Oil (Swepco 201) |
N/A |
$40-80 |
| Shift Coupler |
96442407500 |
$30-60 |
Symptoms: Oil leak at head, coolant seepage, compression loss, misfires
The M64 engine can develop head stud issues, particularly the through-bolts that secure the heads to the case. These studs can pull out or stretch, especially if the engine has been overheated or has had incorrect torque applied. This is more common on Turbo models due to higher cylinder pressures.
Estimated Repair Costs
DIY
$800-1500
Shop
$2500-5000
Head stud failures on early 964. Requires engine removal.
Common Fixes
- Head stud inspection during any engine work
- Proper torque procedure critical for reassembly
- Helicoil repair for pulled threads (requires engine removal)
- Through-bolt style studs can be replaced with Dilavar studs
- Always use new hardware when reassembling
Common Parts
| Part |
Part Number |
Est. Price |
| Head Stud Kit (Dilavar) |
Various aftermarket |
$400-700 |
| Head Gasket Set |
96410421500 |
$200-400 |
Symptoms: Weak cooling, no cold air, AC compressor noise, clutch not engaging
The 964's air conditioning system uses R-12 refrigerant (original) and is complex due to the mid-engine layout. Compressor failures, condenser leaks, and evaporator issues are common in older systems. Many have been converted to R-134a with varying success. The AC evaporator requires dashboard removal to replace.
Estimated Repair Costs
DIY
$200-500
Shop
$600-1500
R12 to R134a conversion common.
Common Fixes
- R-134a conversion with proper components
- Compressor replacement (denso or OEM)
- Condenser inspection and replacement if leaking
- Evaporator replacement (major labor, dashboard out)
- Receiver-drier replacement with any major AC work
- System leak test before recharging
Common Parts
| Part |
Part Number |
Est. Price |
| AC Compressor |
Various |
$400-700 |
| R134a Conversion Kit |
Various |
$100-200 |
Symptoms: Gauge failures, intermittent lights, dead dashboard, alarm issues, starting problems
The 964 introduced more electrical complexity than earlier 911s, and these systems age poorly. The DME relay is a common failure point, as are ground connections and the alarm/immobilizer system. Gauge clusters develop cold solder joints. Wiring in the engine bay becomes brittle from heat.
Estimated Repair Costs
DIY
$100-300
Shop
$300-700
DME and relay issues. Grounds important.
Common Fixes
- DME relay replacement (common failure)
- Clean and resecure ground connections
- Gauge cluster solder repair
- Alarm system bypass or repair
- Inspect and repair brittle wiring in engine compartment
- Central electric panel inspection
Common Parts
| Part |
Part Number |
Est. Price |
| DME Relay |
96461815100 |
$40-80 |
| Fuel Pump Relay |
Various |
$30-60 |