value of a 1968 911T, everything is original

[kz1911]

ok guys i just found a 68 911T for an amazing price which i wont mention until i have possession of car, doing paperwork this week, i was curious what it would go for if sold as is, to get an idea this is a project car, engine is all original 2.0 with webber carbs, body will need a new paintjob but very minimal rust, passeneger side pan has some rust and rest of the body is very nice and straight without any rust noted, owner rebuilt engine 6 yrs ago but it is original along with everything else, seats and a prototipo steering wheel are only unoriginal items, my question is what is its value now and what would its value be if i was to restore it? i'll post pics once i get this beauty

[jittsl]

This is impossible to start to answer without much more detail and pictures etc. I've seen cars that would match your project description change hands for anything from $2K to $20k and "restored" from $15 to $50. All depends on originality, quality, completeness, uniqueness etc.

Good news is that you already know you are buying it for "an amazing price" so what's to question?. Just do it. If you do however, I would not go in thinking ou can snap it up as a bargain, do a quick "restoration" and sell it on as a profit (which your line of questioning seems to imply - correct me if Im wrong). Porsche economics just doesn't seem to favor "flipping". Parts are too rare and expensive, Seemingly simple repairs often end up more complicated and contingencies too unpredictable. Well that's my view anyway.

As an example, after having been through tis twice with a 70 and a 69, just 'cause you can't see the rust doesn't mean it's not there. Rust in the pan means you know it has started and only once you have it completely apart and stripped will you know where it stops.

Good luck.

[wayner]

Current numbers I am seeing are low to high 40's.

[kz1911]

Originally Posted by jittsl

This is impossible to start to answer without much more detail and pictures etc. I've seen cars that would match your project description change hands for anything from $2K to $20k and "restored" from $15 to $50. All depends on originality, quality, completeness, uniqueness etc.

Good news is that you already know you are buying it for "an amazing price" so what's to question?. Just do it. If you do however, I would not go in thinking ou can snap it up as a bargain, do a quick "restoration" and sell it on as a profit (which your line of questioning seems to imply - correct me if Im wrong). Porsche economics just doesn't seem to favor "flipping". Parts are too rare and expensive, Seemingly simple repairs often end up more complicated and contingencies too unpredictable. Well that's my view anyway.

As an example, after having been through tis twice with a 70 and a 69, just 'cause you can't see the rust doesn't mean it's not there. Rust in the pan means you know it has started and only once you have it completely apart and stripped will you know where it stops.

Good luck.

thanks for the answer, i thought so as well, yes parts arent cheap and most likely will need to "bargain shop" through various sites, well lucky for me is that the owner is desperate to sell due to lack of space and some other health problems which disabled him from working on it further, i did the research last night and it is actually a 1969 model 911T and not a 68 as the owner suspected. Also original color was a tangerene color according to some sources, currently the car has a silver shade to it, it is true about the rust because i do know from past experience with my 1975 911 which was quite a mess.
I dont plan on "flipping" it, i just want to get an idea of wether i should invest a ton of funds into it and if one day i decide to let it go I wonder if i could get those funds back and also gives me an idea of what type of restoration i should aim for depedning on that final value

[jittsl]

My first restoration (70 911 undertaken 8 years ago) seemingly cost me way more than was economically sensible. In all, I probably spent twice what the car was then worth but as prices keep rising on early Porsches I find myself less and less underwater (not that i really care).

Current project (69 912) will probably total $30-$40K (only the paint is being outsourced) so again I'm spending more than it's worth but I do this for love and have no intent to ever sell any of them.

Once you've secured your sale show us some pictures.

PS I prefer the 69+ lwb cars so, if i were you, I would be happy to have a 69 over a 68. Of course that should mean you have a 2.2 liter motor and not a 2.0. If it is really a 2.0 then you do not have the correct/original motor.

[Tilikum Turbo]

I once read that the cheapest aspect of buying a used Porsche may be the price...and then things can get extremely expensive from there.

Since we all are Porsche owners, we form an emotional attachment to our baby, since it's a car that is a joy to drive, and it's very unique.

Since you are looking at this as an investment(and you do NOT want a negative return for your money and work), like buying stocks, forming an emotional attachment to that investment can be very dangerous.
Example is people who like IPODS, and invest in Apple who bought the stock at $700/share, and now have to sell at $450...so now with $10,000 invested, the return today is $6428, at a loss of $3572

So let's say you get this 68 911T for $5000...and then you spend(and remember, your time is also money...you never ever get back time) another $10,000 to $15,000 to get in a presentable condition(paint, engine, body work, etc..etc...this all gets very expensive very quickly)...and now you have a car that, what will the fair market price be? Will you actually MAKE something appreciable after everything is said and done, or break even(or worse, lose money).

Best bet may be(for investment purposes) is simply strip the car down to every part that is resellable in a servicable condition, and you'll likely make 3-4 times the original investment. Rebuilding the car in an "as-is" condition, and I would guess, your rate of return will not be close to that.

Good luck!

[kz1911]

Originally Posted by jittsl

My first restoration (70 911 undertaken 8 years ago) seemingly cost me way more than was economically sensible. In all, I probably spent twice what the car was then worth but as prices keep rising on early Porsches I find myself less and less underwater (not that i really care).

Current project (69 912) will probably total $30-$40K (only the paint is being outsourced) so again I'm spending more than it's worth but I do this for love and have no intent to ever sell any of them.

Once you've secured your sale show us some pictures.

PS I prefer the 69+ lwb cars so, if i were you, I would be happy to have a 69 over a 68. Of course that should mean you have a 2.2 liter motor and not a 2.0. If it is really a 2.0 then you do not have the correct/original motor.

ok that's good to know, i will confirm this engine number and let you know, like i said the guy seems to know very little about ti, purchased it from a guy who his wife worked for because the owner moved out of state and his wife thought it was "cute" he was trying to make it a fun car for her but got side tracked and 12 yrs later decided to sell it, i suspect everything is original in it along with the engine, i will have to cnfirm the exact engine type and all that info asap, here are some snaps i took...

[kz1911]

here are some pics

[kz1911]

[al lkosmal]

Originally Posted by kz1911

ok that's good to know, i will confirm this engine number and let you know, like i said the guy seems to know very little about ti, purchased it from a guy who his wife worked for because the owner moved out of state and his wife thought it was "cute" he was trying to make it a fun car for her but got side tracked and 12 yrs later decided to sell it, i suspect everything is original in it along with the engine, i will have to cnfirm the exact engine type and all that info asap, here are some snaps i took...

Great find................the 69 model year should have the 2.0 engine.

The 2.2L engine did not start until the 70 model year..

Provide me with the engine number and vin number and I'll see if you have the original engine in there.

regards,
al

[kz1911]

[kz1911]

vin: 119121111
engine number: 6291794 according to the service paperwork i have on hand

[LakeCleElum]

Good find........For comparison, I bought a one-owner 1969 in about that shape about 6 yrs ago....Due to a leaking rear window seal, mine has a rust hole in the floor passenger side and needs a right rocker. No other rust.......I paid $2,000......

If you can get this for $5-$7K in today's market, do it.......

[kz1911]

Originally Posted by LakeCleElum

Good find........For comparison, I bought a one-owner 1969 in about that shape about 6 yrs ago....Due to a leaking rear window seal, mine has a rust hole in the floor passenger side and needs a right rocker. No other rust.......I paid $2,000......

If you can get this for $5-$7K in today's market, do it.......

yes i know, it's an amazing find because its lower than the above mentioned prices you stated, in fact it was my girlfriend's dad who saw it in the paper and told me, i had to rush and go see the car at the guy's house and offered him little more than he had listed it for because he had another guy trying to buy but didnt have funds on hand, i really had to beg the guy to sell it to me and being a small town that it is, he knew some folks that i know as well and we talked for an hour about my other 911 and my love for these cars so i think that is what swayed him to tell the other potential buyer that he had to sell it to me. After agreeing to the deal and setting up notary for tomorrow i know he will keep his word, i do feel like i owe my girlfriend's dad a huge chunk of finder's fee and wrote him a $1000 check just for that but he refused the $$, i think i will have to buy him a riding lawn mower or something he can use because he refuses the finder's fee $, i do know he's too busy to mess with the project so i' not feeling as guilty for buying the car and not him

[ossiblue]

Originally Posted by kz1911

vin: 119121111
engine number: 6291794 according to the service paperwork i have on hand

You may need to do a little more investigating.

Your engine number, 6291794, has a 2 as a second digit which usually indicates an E engine. The site I usually use (Fahrzeugidentifikation Porsche 911 1969) does not show that for a 69, however. I believe the site is in error because the number range for E engines is the same for T's--I believe there is a typo on the site.

Paperwork means nothing, you will need to find the engine number on the vertical support for the fan, right side. Also, find the motor type number, located on the flat by the oil temp sender. If the type is 901/09 you have an E engine. If the type number is 901/03, you have a T engine. If the number is 930/04, you have a 79 US model SC engine.

[kz1911]

Originally Posted by ossiblue

You may need to do a little more investigating.

Your engine number, 6291794, has a 2 as a second digit which usually indicates an E engine. The site I usually use (Fahrzeugidentifikation Porsche 911 1969) does not show that for a 69, however. I believe the site is in error because the number range for E engines is the same for T's--I believe there is a typo on the site.

Paperwork means nothing, you will need to find the engine number on the vertical support for the fan, right side. Also, find the motor type number, located on the flat by the oil temp sender. If the type is 901/09 you have an E engine. If the type number is 901/03, you have a T engine. If the number is 930/04, you have a 79 US model SC engine.

ok thank you, i will take a look at the engine when i get it, i also did come across that site last night and wasnt able to find out exactly, anyy further help is appreciated, thanks guys

[kz1911]

i've noticed that some sellers have upgraded the engines and tend to still get a very good chunk of $ for them ($25-40k) despite the chasis not matching the engine, is originality more desirable in the case of the early 911's or does ir depend on other factors such as engine size and other upgrades?

[al lkosmal]

Originally Posted by kz1911

vin: 119121111
engine number: 6291794 according to the service paperwork i have on hand

+1 on getting the numbers directly from the car/engine.

Vin 119121111 = 1969 911T Coupe (engine range should be 6190001-6192245)
Engine 6291794 = 1969 911E (Mechanical fuel injection)

So, based on the paperwork these are non-matching....but if the vin or engine are written down incorrectly, numbers transposed, etc.........you never know.

Me, i'll take an E engine, over a T engine, any day of the week.

This looks like a great project.......I am jealous.

regards,
Al

[kz1911]

Originally Posted by al lkosmal

+1 on getting the numbers directly from the car/engine.

Vin 119121111 = 1969 911T Coupe (engine range should be 6190001-6192245)
Engine 6291794 = 1969 911E (Mechanical fuel injection)

So, based on the paperwork these are non-matching....but if the vin or engine are written down incorrectly, numbers transposed, etc.........you never know.

Me, i'll take an E engine, over a T engine, any day of the week.

This looks like a great project.......I am jealous.

regards,
Al

Alright, good to know, i'll know by tomorrow what I have exactly, i guess it a win win if it's original motor and cant be bad either if it's a 911E

[David Siebert]

Did anyone notice that the seats look to be factory sport seats? If so, buyer scored big right there if the have sliders and tilts. Good to see that another one will be saved.