Should i get another one?
Thread Starter
Instructor
Joined: Jan 2007
Posts: 243
Likes: 0
From: Bay Area, California
Should i get another one?
Just bought a Carrera a few months ago. https://rennlist.com/forums/showthre...ferrerid=50092
Now, the other day I accidentally came across an 87 Targa with 140k miles. I swear it was just an accident!
Interior is rough. Seats are decent but rips and tears here and there elsewhere. Old horrible stereo install with loose extra speakers.
Engine is not touched or at least has not been rebuilt. Some white smoke on startup but it had been sitting for a while. Ran smooth and even.
Exterior is so-so. Evidence of at least a partial respray. Rubber seals are old and dried out. Looks worn but could look decent with some clean up. Will never be nice or anywhere close to concourse material.
If, just hypothetically speaking of course.... I were to buy a car like this, what would be a fair price? Was thinking a fun project car to hot rod over time. Maybe convert to a long hood when I win the startup lottery?
What say you?
Now, the other day I accidentally came across an 87 Targa with 140k miles. I swear it was just an accident!
Interior is rough. Seats are decent but rips and tears here and there elsewhere. Old horrible stereo install with loose extra speakers.
Engine is not touched or at least has not been rebuilt. Some white smoke on startup but it had been sitting for a while. Ran smooth and even.
Exterior is so-so. Evidence of at least a partial respray. Rubber seals are old and dried out. Looks worn but could look decent with some clean up. Will never be nice or anywhere close to concourse material.
If, just hypothetically speaking of course.... I were to buy a car like this, what would be a fair price? Was thinking a fun project car to hot rod over time. Maybe convert to a long hood when I win the startup lottery?
What say you?
Burning Brakes
Joined: Apr 2013
Posts: 1,056
Likes: 6
From: San Mateo, CA
Recently, a used car dealer in my neighborhood had a very tired red Targa with a fake slant nose modification and was asking $21k. Based on this vehicle and what you describe, price is not the issue; it is what your repair budget will allow, how much work you do yourself, how long you keep the car, and what you think you would get at the end of the day when you decide to sell it. Might find yourself in the hole…….. 
Thread Starter
Instructor
Joined: Jan 2007
Posts: 243
Likes: 0
From: Bay Area, California
Agree with both of you. Already got a really nice one with records back to new and only one previous owner.
This one would be just for fun. Not intended to go to crazy on restoration. I can fix up the interior bits myself. The big ticket item is an engine refresh at some point in the future.
If I can pick it up for about $12-$15K it seems to even make financial sense given the pricing level for Carrera's these days.
I know, crazy idea and who needs two 911's....
This one would be just for fun. Not intended to go to crazy on restoration. I can fix up the interior bits myself. The big ticket item is an engine refresh at some point in the future.
If I can pick it up for about $12-$15K it seems to even make financial sense given the pricing level for Carrera's these days.
I know, crazy idea and who needs two 911's....
Nordschleife Master
Joined: Jan 2011
Posts: 5,025
Likes: 211
From: katy texas
I bought a 1987 black targa 6 months ago , it was also rough and needed some love , I paid $13k and it was well worth it 
here's before and after, just make sure you know how much you can do yourself to the car , if you are not a guy that are going to do DYI's than buy one that's ready to enjoy, but there's a lots of fun doing it yourself
here's before and after, just make sure you know how much you can do yourself to the car , if you are not a guy that are going to do DYI's than buy one that's ready to enjoy, but there's a lots of fun doing it yourself
Last edited by Opo; Jul 3, 2014 at 01:31 AM.
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Professor of Pending Projects
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Rennlist Member
Joined: Nov 2001
Posts: 9,898
Likes: 35
From: Ocala, FL
Why in the world would you do that... stick with one... I can't understand folks that just keep buying these old junkers to recondition... it makes no financial sense!!
oh wait.....
oh wait.....
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Nordschleife Master
Joined: Oct 2006
Posts: 7,446
Likes: 69
agreed, make sure that you know what you're getting into... its cheaper to get a nice example than to refresh a Targa... just the seals alone can cost you a @2k. But, if you want a project, learn and enjoy.... join the club!
Rennlist Member
Joined: Oct 2012
Posts: 39
Likes: 0
Hey Matt,
I agree with Amber and Wachuko both. Go for it and it makes no sense.
As a comment on Opo's post: if you can get anything 911 in the SF Bay Area for 13k, please send it my way. It would not suprise me to see that car (in non-restored condition) for sale for 23k...
Matt; consider the big ticket items (DIY):
Suspension (will definitely have to be done): Shocks, bushings, joints, may be torsion bars... ~4k
Exterior (to your taste and preference): Rubber mouldings, weather strips, bondo :-)...~2k
Engine refresh/service (provided no re-build or real issues): Distributor/rotor, Sparkplugs, Oil/gas filters, gaskets, belts... ~2k
Used dashboard: ~$700... H4 lights ~$500... Steeringwheel ~$400...
But since your current car doesn't really need anything (I have rarely seen such a nice specimen), this may be exactly what would scratch the itch.
I wouldn't see it as an investment (even though it may even out at the end) but rather compare it to what people say when they go to Vegas; I know i'm not going to win, but I enjoy the process of loosing money through gambling. I wouldn't know since I don't like going to Vegas, but I do enjoy spending money on my Porsches :-)
Oh, and add ~1k for extra tools. You can never have enough tools.
/O
I agree with Amber and Wachuko both. Go for it and it makes no sense.
As a comment on Opo's post: if you can get anything 911 in the SF Bay Area for 13k, please send it my way. It would not suprise me to see that car (in non-restored condition) for sale for 23k...
Matt; consider the big ticket items (DIY):
Suspension (will definitely have to be done): Shocks, bushings, joints, may be torsion bars... ~4k
Exterior (to your taste and preference): Rubber mouldings, weather strips, bondo :-)...~2k
Engine refresh/service (provided no re-build or real issues): Distributor/rotor, Sparkplugs, Oil/gas filters, gaskets, belts... ~2k
Used dashboard: ~$700... H4 lights ~$500... Steeringwheel ~$400...
But since your current car doesn't really need anything (I have rarely seen such a nice specimen), this may be exactly what would scratch the itch.
I wouldn't see it as an investment (even though it may even out at the end) but rather compare it to what people say when they go to Vegas; I know i'm not going to win, but I enjoy the process of loosing money through gambling. I wouldn't know since I don't like going to Vegas, but I do enjoy spending money on my Porsches :-)
Oh, and add ~1k for extra tools. You can never have enough tools.
/O
Addict
Rennlist Member
Rennlist Member
Joined: Mar 2004
Posts: 5,364
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IMHO, this is a trap-car... the proverbial foot on the boat and foot on the dock... just good enough not to be a junker... just bad enough to need everything!
Financially speaking, "hot-rods" typically retail for 30-40% of build cost
At $13K, you could easily put $20K in this car and end up with a $17K car. Maybe, just throw $5K at the seller and if he turns you down, walk away without regret.
That said, I have no problem with a Carrara hot-rod project... these can be very cool. If you make it a hobby, and plan to keep it for the long run, it can be fun. It really depends on your personal finances.
Just go in with your eyes opened and a realistic budget... it won't be cheap.
Financially speaking, "hot-rods" typically retail for 30-40% of build cost
At $13K, you could easily put $20K in this car and end up with a $17K car. Maybe, just throw $5K at the seller and if he turns you down, walk away without regret.
That said, I have no problem with a Carrara hot-rod project... these can be very cool. If you make it a hobby, and plan to keep it for the long run, it can be fun. It really depends on your personal finances.
Just go in with your eyes opened and a realistic budget... it won't be cheap.
Thread Starter
Instructor
Joined: Jan 2007
Posts: 243
Likes: 0
From: Bay Area, California
I bought a 1987 black targa 6 months ago , it was also rough and needed some love , I paid $13k and it was well worth it here's before and after, just make sure you know how much you can do yourself to the car , if you are not a guy that are going to do DYI's than buy one that's ready to enjoy, but there's a lots of fun doing it yourself
here's before and after, just make sure you know how much you can do yourself to the car , if you are not a guy that are going to do DYI's than buy one that's ready to enjoy, but there's a lots of fun doing it yourself
Thread Starter
Instructor
Joined: Jan 2007
Posts: 243
Likes: 0
From: Bay Area, California
I agree with all of you....it's not sensible at all...but I'm really tempted to go for it. As long as the engine and transmission is not a disaster I think I can do a lot of the cosmetical stuff and I'll lean heavily on you Oscar for Porsche wrenching weekends. ;-)
It has a new cat, rear bushings have been replaced recently , engine bay looks clean, no cracks in the dash board and no oil drips on the ground. I'll go take it for a test drive today again and see how it feels.
I agree with you Oscar, if I can pick it up to $13K I'll be all over it. I'm sure I can clean it up and flip it for more than that here in the Bay Area.
It has a new cat, rear bushings have been replaced recently , engine bay looks clean, no cracks in the dash board and no oil drips on the ground. I'll go take it for a test drive today again and see how it feels.
I agree with you Oscar, if I can pick it up to $13K I'll be all over it. I'm sure I can clean it up and flip it for more than that here in the Bay Area.