spet808

Yup, it's gonna be a pretty penny and a lot of time. Trying to decide how to proceed. I certainly appreciate your suggestions and wise counsel. Might need to get rid of a couple of other vehicles to make space and raise capital.

wildcat077

Can't believe somebody would let a car like that get to that point ... if you manage to buy the car from the guy,after he gives you the title ... kick him in the ***

Lots of work indeed here !

Cheers
Phil

MUSSBERGER

After looking at that interior shot I think PETA is going to be after you for disturbing a mouse sanctuary.

Todynot

It wasn't too long ago, like 1-2 years, when you could pick up a nice 930 for $50k or less. Be cautious about dumping big money into a restoration, because prices could revert if we're in a bubble.

Good luck.

StanThePorscheFan

I am restoring a 912 and the body cost me $15K. And it was in much better shape than this car. So I would have to say the body on this car will need closer to $25K.
I agree, this will need around $80K to restore properly. By that I mean no cheap Chinese reproduction parts.
Problem is that collectors dont like to hear "completely restored car". Collectors look for "mostly original car". And this car will not be it. Thus will never fetch the high numbers you sometimes see at auctions. There is also a question of numbers matching. If this car isnt, take another 20% off what you think it will be worth. Then there is a question about history. What kinda paperwork does the car come with? How many owners? Is there a tool kit, jack, owners manual? You will need all of that to resell the car at high numbers. People rebuild the cars now around a VIN plate. How will this be different if there is none of the stuff I mentioned?!
And one last piece of advice: Never go into a resto thinking you can make some money on it. Be prepared to break even at best. Especially if you are not going to be doing a lot of work yourself. In other words, if you are going into this, do so to keep the car for a your own enjoyment and not as a business venture.

Warehouse33.net

Holy cow look at that interior! You'll spend way more than it's worth in the end.
I would pass it onto somebody else especially since you can still get decent 1978-79 930's for well under $100k like this one ->
http://www.ebay.com/itm/1978-Porsche...p2047675.l2557


-Jason

theiceman

ok now im curious ,.. whats with the black box ?

XR4Tim

License plate sitting on the floor?

spet808

Thanks for the advice. I'm a little worried about the value as well.

spet808

LOL! Tim got it right. I just blacked out the license plate on the floor.

GTgears

Can't really directly compare a rebuilt title crash car to a restored rust bucket. Original owns the day in value. Then restorations. Then wrecks. Not surprised that EBay car is struggling to sell.

theiceman

i would be tempted to buy this dirt cheap ... rebuild the engine and transmision .. and sell them or use them in another car .. the rest is not money well invested...

GTgears

The thing about a restoration this big is that it will take 2,3 or even 5 years. We really have no clue what these cars will be selling for when it is done. While I don't for a second believe the Henny Pennys running around saying the bubble is popping, I won't begin to speculate if cars will be worth 20% more 2 years from now or 200%. It would be a fool's errand to attempt to restore this car for a profit. It needs to be a labor of love or not at all.

spet808

Thanks, GTgears. That's been my fear from the start - it would cost more to restore than purchase a comparable 930. Appreciate the group's collective thoughts on this. Think it's worth purchasing and reselling as a parts car?

John@Fabspeed

Yikes. If you do restore it, I cant wait to see how it turns out.