Rusty non running 1972 911T Targa
 

I have a lead on a Rusty red "ran 9 years ago" 1972 T Targa

It has a fiberglass wing, so it needs a correct hood, cookie cutters, original but very bad interior, rusted doors, rusty fenders, rusty front bumper, bad rust at lid edge, rust bubbling at the bottom edges of rear quarters at rear bumper seam.etc.
It does have matching numbers and MFI, and i kind of like it.

He wants $14000. It needs a complete restoration (does not run) and i told him i could do $6500. Am i way off or have prices of basket case 911Ts gone through the Targa top?

You are nuts but most of us are....
OTOH- as per your description of this car it sounds as if your offer of 6500 is way high. You would be doing the seller a huge favor at that price and you would become the new owner of a rusty bucket that wouldn't even be useful to hold all your tears of sorrow.

I think you're right, after looking on ebay especially, so here it is:
Porsche 911 T Targa
He has a ton of Porsches without papers (records) and is asking way too much for all of them IMO.

Sounds like the seller is out of his mind, although not a long hood you can get a running problem free very good condition 911SC targa for 14K! and a similar Carrera Targa for 15-18K no problem. I do agree that the long hood prices have shot up but rusty tubs with all there parts are still very cheap. If it was "running 9 years ago" who knows what could be wrong with it. You are on par if not even a little high at 6.5K I would have offered 4K ish. Based on your signature you are no strange to Porsche's so you know what you are getting into here, looks like the car could be a very nice project and could be fun, its all about what you want at this point.

Regards
Dave

Similar condition 1973 911T, mfii coupe sold for $10,000. last month by me.

Based on just the Craigslist pictures.... If you can see the rust as bad as it is from the outside it has to be near terminal on the inside. That car is probably comprised of rustmites holding hands with the majority of the tin worms having packed up and left cause there is not much left to eat.

If you can get it for less than 3 it might be worth the hassle to get a pile of possibly useable spares for another project.

My 2cents

one man's "rust" is another man's "patina".

You've got to be sub-$10K on this car. I'd offer $5K and MAYBE work up to your offer. This car is going to take some BIG $$$ to get to the drivable stage given the amount of rust that is probably hiding under the amount that's showing. You're going to likely need pans, longitudinals etc... Then you'll have the "while you're in there" repairs. I'd expect that you'd be upside down pretty quickly.
It all depends on what your end goal is. Do you want an original looking driver, concourse car, non-correct hot rod? Remember, a "T" costs as much to resto as an "S" however the final value won't be even close.

Just my €0.01

I have restored worse but the car needs everything and once you get into the rust it seems to grow, the welding is basically free. I can paint it myself for $1500 but it would need media blasting at around $700. Then i would need every seal and interior work and a motor rebuild. It would be smarter as said above to buy a nice 3.2 Targa for my wife. But on the other hand when done it would have more value even being a T.
I would take it on at the right price but I kind of screwed myself now that i offered $6500.

These pre '74 911s in need of restoration are hard to come by on the East Coast and they sell way higher than they should these days.

And...of course...someone installed a whale tail deck lid. The final marker of a long hood car that has come to a rough state.

You may want to get a good condition rust free impact bumper car and back date it early if that is the desired look. You will save yourself a lot of grief and expense unless you are a great welder/painter/restorer with a lot of time and money to burn.

I paid $2,000 for a one owner '69 Coupe that was in way better shape......Run.....

Walk away " much betters deals to be had
And they run.

all that work and expense and .......geez go find a nice coupe......you.

I am not a Targa fan.

I think one of the reasons that long hood cars are going for so much money is not only because they have become popular again, but because it takes more than that much money to get them into the kind of condition where people will pay that much money.

As we all know 1973 and earlier cars are more for the collector with all most all Euro makes as not cosmetically changed to meet US crash standards.
It's the same for Alfas, Jags, MGs, Triumphs etc.. according to the SCCA and collectors.

If you look at the 911 and 904 front end design you can see similar details (the long hood) which Butzi(sp?) obviously favored and were lost for MY 74.
re Targas
Not of fan of flexible flying Targas either but my Wife loves them and they are fun to ride in.
I have been in contact with the seller, he does'nt budge.
he keeps replying that he hopes i find what i am looking for.
I have been looking at his postings for a year and a half and he still has most of the same inventory (about 20 cars including a few RS Americas, very well tracked cars though). He can afford keep them i guess, yet only posts to bottom feeders like myself on craigslist.

Maybe 6-8 years ago I bought a car from him at Hershey Porsche Parade. He did negotiate with me at that time...I see his ads on Craigslist and you are correct, seems to be the same cars, he is a nice guy and I had no problems with the car I bought from him (although I did not keep it that long). He used to be the president of NJ PCA or something like that.

He's in the car biz (Dan Petchel) and is well respected. This is the right asking price for the seller and if it was solid and only needed engine work it would be fine at $6,500 but with the rust you are going to be in for a big expense! Vintage Porsche Parts and Targa Tops for Porsche

Unless you are looking for project I would definitely look elsewhere since you will be way upside down after a restoration. I bought a '68 911 coupe for $6k a few years ago that wasn't running and I've spent quite a bit just getting the engine and other mechanicals rebuilt/replaced and fortunately the body is really solid.

We all know that our cars are typically worth more in parts than whole unless completely restored. I don't think this car is worth $6500 in parts, so why bother?