bmwfan328

Long story short, originally from NY, I've bounced back and forth between coasts since attending USC in the early 2000's. I've recently decided to pursue my masters degree, so will be making my home in upstate NY for awhile, and found a piece of real estate that has peaked my interest. I'd be using the funds from the sale of the one of the cars as a down payment. what would you do in my situation? And if you were to sell the '70T, whats it worth in current condition?

The cars:

1970 911T: Repainted White in early 80's (believe original color was Irish Green). ~80k miles. Has not been registered in 20+ years. I bought it 2 years ago from a trustworthy longtime client, who claims he drove it to a wedding in NJ, parked it, never drove it again. ran great when parked, but currently does not start. very good condition, with the exception of the front pan, which needs replacement. No other visible rust, solid floors. Original engine/trans, no rips in interior. Aftermarket dual exhaust. Due to lack of time, I literally have not touched the car since having it delivered to my home. If this car stays, so deoes my current E46 M3 daily driver

2006 C4S: factory X-51 package car, loaded with options, and a lot of time and money spend to personalize...OEM 997.2 cup bumpers, ducktail, HRE wheels, 200 cell cats, fabspeed exhaust, softronic tune, etc. 70k miles, made four flawless cross country trips without a hiccup. If I keep this as a my daily, M3 vert will go as well, as I was never a huge fan of convertibles anyway.

So what would you do? pictures of both vehicles below.

Freddie Two Bs

If you have the time and patience to restore the T, that's a no-brainer. If you're gonna be busy and the T is going to lie there, might as well sell it.

cobalt

What do you think you want for the T? I might have someone who is interested.

bmwfan328

with prices all over the board, I was hoping someone like Mooty or GTgears would chime in and give a fair valuation. if not, I'll do a little research and get back to you very soon.

SARGEPUG

I had a new 997.2S that I loved, but the Targa stole my heart! I had both at the same time and wound up selling the 997 on. So IMO, I'd keep the '70 and revive that classic, nothing compares.......
BMW wise, I am a big fan as well. I currently have a '16 550 xdrive M-Sport and had an E36 M3 back in the day.

race911

What would be the end use of a 2.2T? Financial play? If you've not been knee deep (at the very least) into torsion bar cars, it can be a let down. Especially that what you've got is essentially a six-cylinder 912.

cobalt

There not that bad. My 71 E was one of the last 2.2l cars and was faster than my 79 SC. The pleasure in driving these cars is the light weight and sound of the MFI injection which was glorious to listen to when running properly. They are still nice light weight cars and there are 2 tubs waiting to be restored at my local shop right now.

If people are willing to pay $280k for a restored 65 911 I can see a nice restored 70T bringing decent money. I have a lot of friends who love these cars and own a few original condition cars that are stunning examples. I have a friend trying to sell his 356 for $175k another beautiful car but I would take a T over a 356 any day that is just me.

tcsracing1

The 1970T is worth about $40k if it is a decent project.
The 1970T will need money to complete which you do not have at this point if you are pondering selling.

The C4S makes a better year round daily driver compared to the M3.

That being said, the 1970T has the best long term value. But would you ever get around to finishing it.

race911

An "E" isn't a "T." Zenith carbs and meek mouse cams make a world of difference. (Note I'm talking as-delivered. You want to go crazy, and make it into a high compression 2.4 with Webers and something like GE60 cams, have at it.)

The "T" exists where it does in the value spectrum because of what it is, relative to the rest--the least desirable. On a '65, no one is paying first year money because it's a good driver; 100% of the money is on it being a collectible. Hell, it's a unicorn that has mechanical fuel pump, splash fed tensioners (though I'm guessing all the restored cars at this point have sealed units hidden inside those chain covers), six bolt exhaust covers, Solex carbs, and center oil fed cams. That's what you need to have a mid-six figure example.

And to bring a 356 into the discussion is just going off the rails. Like I said, 6 cylinder 912. Mellow, and slow by today's standards. If you've come up to one, maybe. But going backward, I just don't see it outside of being a financial play.

bmwfan328

At the end of the day, the 2.2T would be used as a fun weekend driver around the small towns and backroads. I'm not looking to go fast, or win a concours. With that said, work, school, and clinicals is about consume 99% of my time, and would prevent me even touching the T for 3 years. Currently, I'm thinking the real estate is the better option for me, the 997 still make s a fun daily, and the car would be better off in someone's hands who will have the time to get it on the road.

bmwfan328

Great input, and pretty much the direction I am leaning, with the idea that I can venture back into the air cooled world down the road in the form of an outlaw SC. I know you have a longhood project of your own, and quite knowledgeable in terms of the market. So $40k is about the market on a very good 2.2T project?

NeufCentOnze

That's why the Singer was created. No need to choose between old and new anymore... But I guess that's not what was asked.

GTgears

That T is not $40k as it sits. Maybe $30k.

If I were you, I would park it for 3 years in storage and drive a 318 or Miata or BRZ until school is finished and you have some time. Sell the 997. They are still going down.

bmwfan328

GT, thank you for your honesty. $40k, I'd think about letting it go. $30K, it's staying right where it is.

tcsracing1

From what i have seen, complete project 1969-1973T are in the $30k range.

Your car from what i can see appears to be a little better then a restoration project. Perhaps just a motor job etc to become a driver. So i would say 30K low, 40k High.

Would have to see it in detail to see what it is really worth.