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-   -   Sell as a project or part it out? (http://forums.pelicanparts.com/porsche-marketplace-discussion/1084747-sell-project-part-out.html)

Matt Monson 01-30-2021 11:49 AM

Sell as a project or part it out?
 
The time has come to either shyte or get off the pot. I have no time or energy to wrench for fun these days. My health just isn't good enough to spend time out in the cold with bloody knuckles and an achy neck. I'm going to let the 74 go in some form.

A lot of you know this car. It was a 935 look when first presented to me. It was taken back to it's original gulf blue and had SC flares installed. It was bare metal and welded at the base of the rear windows. I have process pictures here somewhere. Took a year to get the car. When I went to SoCal to pick it up, I discovered a handful of things that hadn't been disclosed, including having the seller literally patch the fuel lines while I was at my hotel getting ready to catch an uber over to pick it up.

I drove it to Vegas. I got it on a lift. I flew home and shipped it to myself. In addition to the bad fuel lines, it had terminal rust in the front pan and A-arm area. You'd think when you buy a car from a body man, he would fix that? He fixed some other minor rust elsewhere. He charged me for a seal kit he never bought. when I tried to start it the starter stayed on for 5 minutes. Other times it wouldn't crank at all. Anyway, that's history. I never drove the car again.

I started taking it apart to send it to the body shop. I also started stripping the interior for my planned "lightweight" treatment. As you can see, the original gulf blue is still there under the adhesive. I was going to hand strip it all, leave it with "patina" and throw in a set of 1968 floor rubbers. I kept all the carpet I took out. I kept the door cards. I also have Applebiz RS cards. Factory sport seats. Stock steering wheel (i'm attached to that crappy old Racemark. I've had it on 5 different cars in 15 years.) I have new H4s and painted trim rings for it, as well as sugar scoops in chrome.

All the underpinnings are 1985, even though it's a 1974 car. Struts, brakes, engine, gearbox, all came from a 3.2. The engine is oddball. It's supposed to be 3.0SC heads on a 3.2 bottom end. It's still on the original small box 74 CIS. That was a NOS muffler I found, mated to the original 74 HEs.

I have either 6/7 16 Fuchs or date correct 6x15 cookies. Struts are Boges, no idea if they have upgraded inserts. It has an S title from CA. It was a theft recovery. I never titled it, but I did sign it. I need to get a vin inspection to get it in my name, and with covid I haven't wanted to deal with it. I can get the title if it were a deal breaker to someone. Or bill of sale.

I'm sure there will be plenty of questions. Please, itemize what you think the major stuff is worth and where it puts me. And what you think the car is worth. Feel free to make me genuine offers via PM for big parts. I'm ready to move on this and get it out of my driveway for good...

http://forums.pelicanparts.com/uploa...1612039053.jpg

http://forums.pelicanparts.com/uploa...1612039053.jpg

http://forums.pelicanparts.com/uploa...1612039053.jpg

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http://forums.pelicanparts.com/uploa...1612039397.jpg

911heaven 01-31-2021 04:02 AM

Matt, though you may be tempted to part it, you may be best to keep it all as one and sell it that way. You are smarter than me, more knowledgeable too. I just think someone would take it that way. Its a lovely color, a good year, and though you are done with it, someone else may just love the project opportunity. Parting it out will just take more time than you need or want. Keep the vision, the dream of Oregon High life if you will move in the near term, but stay the course on this project car. There will be someone come along and take up the mantle as you left it (dream takers no, maybe a different dream for the next guy/girl who will love it and make it his or her own). Just a thought i had.

mepstein 01-31-2021 05:15 AM

Parting takes lots of time and 3x the space of the roller. You also have to do ~ 100 sales vs just one and package ~100 parts vs sending the one rolling car out the door. BTDT

pnut_lee 01-31-2021 05:37 AM

I vote for let someone save it. That car is worth the effort of a DIYer or someone with a big pocketbook to pay someone else to restore. As to value, I have no real idea. There’s a lot going on there. Gotta be $30k+ in parts including stripped tub. All together as a lot maybe $20k-$25k.........but that’s a wild guess.

Matt Monson 01-31-2021 06:14 AM

Quote:

Originally Posted by mepstein (Post 11205198)
Parting takes lots of time and 3x the space of the roller. You also have to do ~ 100 sales vs just one and package ~100 parts vs sending the one rolling car out the door. BTDT

Only a fool would part this car out completely.
Engine
Gearbox
Sport seats
Spare wheels
Various easy to sell new parts
Roller

It’s not a rust bucket for breaking.

Matt Monson 01-31-2021 06:17 AM

Quote:

Originally Posted by pnut_lee (Post 11205219)
I vote for let someone save it. That car is worth the effort of a DIYer or someone with a big pocketbook to pay someone else to restore. As to value, I have no real idea. There’s a lot going on there. Gotta be $30k+ in parts including stripped tub. All together as a lot maybe $20k-$25k.........but that’s a wild guess.

I try to be a pretty honest and transparent person. I’ve previously posted that I’m in about $28k. I spent $10k on making it back to a G body and paint.

911heaven 01-31-2021 06:58 AM

Quote:

Originally Posted by Matt Monson (Post 11205259)
I try to be a pretty honest and transparent person. I’ve previously posted that I’m in about $28k. I spent $10k on making it back to a G body and paint.

There it is, list it for 29 K, you make a grand and you have nearly 30k in your pocket in a heartbeat, only one exercise! Try it!

pnut_lee 01-31-2021 08:34 AM

Quote:

Originally Posted by 911heaven (Post 11205308)
There it is, list it for 29 K, you make a grand and you have nearly 30k in your pocket in a heartbeat, only one exercise! Try it!

My thought exactly. Start at $29,800 as it is with the parts you’ve purchased for it. Anyone with skills and some vision can see this being a really sweet build when complete.

$30k purchase plus a $25k restomod budget for a DIYer would yield a pretty nice driver.

racerboyrt 01-31-2021 04:50 PM

“s title” as you discreetly wrote, is Salvage?

Unobtanium-inc 01-31-2021 06:16 PM

Rust, non-matching motor, stripped interior, and possibly salvage title, it's going to be a hard sell at the numbers being thrown around. Not to say it wouldn't be a cool car, but a rusty post 74 911 is hard to move. My advice would be to finish the car, if not be prepared to take a hit.

---Adam

Matt Monson 01-31-2021 06:48 PM

I'm not going to finish it. Not even going to consider that. I do agree anything close to 30 is silly. I'm expecting to lose money, otherwise I wouldn't tell people what I'm into it for. It is not a rusty car. I've shown you the rust. It is a salvage title, if you title it. That's not a maybe.

Unobtanium-inc 01-31-2021 06:52 PM

Here is a recent comp. Picked up a 74 back in November, matching numbers, Factory Silver over black, paid $12,000, hope to clear $20,000 once I re-asssemble. It's a complete car. Clean title.

---Adam
http://forums.pelicanparts.com/uploa...1612151457.JPG
http://forums.pelicanparts.com/uploa...1612151457.jpg

Matt Monson 01-31-2021 07:23 PM

That's a lot of assembly.

If you're going to make that a running driving car I think you are selling yourself short.

nathanbs 01-31-2021 07:51 PM

Quote:

Originally Posted by pnut_lee (Post 11205426)
My thought exactly. Start at $29,800 as it is with the parts you’ve purchased for it. Anyone with skills and some vision can see this being a really sweet build when complete.

$30k purchase plus a $25k restomod budget for a DIYer would yield a pretty nice driver.

What the heck are you going to accomplish with $25k?

Unobtanium-inc 01-31-2021 08:10 PM

Quote:

Originally Posted by Matt Monson (Post 11206242)
That's a lot of assembly.

If you're going to make that a running driving car I think you are selling yourself short.

Loosely, re-assemble, make it look like a car again. Like this.

---Adam

http://forums.pelicanparts.com/uploa...1612156139.JPG

Matt Monson 01-31-2021 08:10 PM

Quote:

Originally Posted by nathanbs (Post 11206265)
What the heck are you going to accomplish with $25k?

$5k and you've got the front pan and fuel lines done, and a running driving car. What exactly do you want to do with it that is more than another $20k?

nathanbs 01-31-2021 09:30 PM

Quote:

Originally Posted by Matt Monson (Post 11206274)
$5k and you've got the front pan and fuel lines done, and a running driving car. What exactly do you want to do with it that is more than another $20k?

I can think of tons of things. Everything with 911s is in increments of $5-10k. We’ve discussed this on here before that $5000 doesn’t cut it for a suspension pan if done properly. Engine is a strong runner? I think what got me was the $25k and resto-mod in the same sentence

Macroni 02-01-2021 05:55 AM

Matt

I would clean it up a bit and sell as is.....

Matt Monson 02-01-2021 06:31 AM

Quote:

Originally Posted by Macroni (Post 11206531)
Matt

I would clean it up a bit and sell as is.....

I will definitely clean it up even though I view it with disdain. It had been under a cover for the last two years. I took it off back in August to photograph it and to make a listing. Then the wildfire broke out and burned for 100 days. Now there’s ash in all the door sills and other panels. You can see a line of dust in the bumper photos. I was very careful not to scratch the paint on removal, but never washed the parts (as one would prior to reassembly).

I may even put thebumper and headlights back on. Even though they have to come off for the repairs many people lack vision. It’s like staging a house. Someone can’t see themselves living there without furniture.

I’m having a couple pm conversations due to this thread, about the whole project. I’m a little surprised nobody has asked (or commented here) about the value of early leather sport seats or a 3.2 “core” builder. I’m not going to dump the car to some $15k dreamer, but if I got $10k out of a bunch of the big stuff, I’d put the car under a cover for another few years as a roller.

Matt Monson 02-01-2021 06:37 AM

Quote:

Originally Posted by nathanbs (Post 11206311)
I can think of tons of things. Everything with 911s is in increments of $5-10k. We’ve discussed this on here before that $5000 doesn’t cut it for a suspension pan if done properly. Engine is a strong runner? I think what got me was the $25k and resto-mod in the same sentence

You always look at these things through a body man’s eyes. Pelican is a DIY forum. The buyer of this car isn’t going to tow this car to you and open their checkbook. They are going to take it further apart, do the pan, and start fiddling with it.

matt930s 02-01-2021 07:32 AM

Preach on Brother...


Quote:

Originally Posted by Matt Monson (Post 11206595)
You always look at these things through a body man’s eyes. Pelican is a DIY forum. The buyer of this car isn’t going to tow this car to you and open their checkbook. They are going to take it further apart, do the pan, and start fiddling with it.


1979-930 02-01-2021 08:31 AM

Quote:

Originally Posted by Matt Monson (Post 11206581)
I will definitely clean it up even though I view it with disdain. It had been under a cover for the last two years. I took it off back in August to photograph it and to make a listing. Then the wildfire broke out and burned for 100 days. Now there’s ash in all the door sills and other panels. You can see a line of dust in the bumper photos. I was very careful not to scratch the paint on removal, but never washed the parts (as one would prior to reassembly).

I may even put thebumper and headlights back on. Even though they have to come off for the repairs many people lack vision. It’s like staging a house. Someone can’t see themselves living there without furniture.

Agree. To get the most out of it you should loosely assembly the exterior and interior. It would be nice if the engine were in it.
But I understand not wanting to do that much work. When you're done; you're done.
The exterior paint and sport seats should tempt someone to want to fix the pan and get it running.

Matt Monson 02-01-2021 09:56 AM

The engine is in it. If you hooked a fresh battery up you could probably start it and drive it onto the truck. I ripped about 100# of stereo equipment out of it, so may have a short somewhere I don't know about. But I misspoke when I said I never drive it after I left it in Vegas. I drove it into the driveway when it was delivered. ROFL.

1979-930 02-01-2021 02:09 PM

Quote:

Originally Posted by Matt Monson (Post 11206926)
The engine is in it. If you hooked a fresh battery up you could probably start it and drive it onto the truck. I ripped about 100# of stereo equipment out of it, so may have a short somewhere I don't know about. But I misspoke when I said I never drive it after I left it in Vegas. I drove it into the driveway when it was delivered. ROFL.

Ahh. Adam's picture with the engine next to the silver car threw me off. Thought is was your picture on my phone.
If that's the case then definitely perform a light assembly and sell as a running project with new paint.

911hutch 02-01-2021 03:57 PM

I an see why you bought it.Nice car. Original Gulf Blue no sunroof coupe with Carrera underpinnings and a 3.2 bottom end. Not silver or respray red. today color sells.

You have it right. This car is perfect for the right DIY guy. If you are lucky and the engine just needs minor wrenching get the pan replaced, address the immediate mechanical issues your self and have it on the road this season and continue wrenching while you drive.Dump the CIS and play....

This works for a lot of DIY guys cuz it doesn't need that expensive trip tp the body shop for paint.

I agree for $15k sell the motor & etc and roll the rest back under the tarp.

But for the right customer that car should get you over $20K ,,, still hit.... but priorities reign

juanbenae 02-01-2021 04:17 PM

your opening line in the 1st post about being tired says it all. a part out unless you get mini coveralls for the girls is likely to require you have to get to work some. disassembly, shipping hassles, people expecting more than you described sounds like a ton of work that may end in a roller you can't move in the driveway.

i said uncle cause i did not need the hassles. the buyer of my car got a very good deal, but the rig-a-ma-roll of listing it, PPI's and all the BS makes it a good deal for me cause all ive got to do is trailer it 15 miles down the mountain, hand it off to a shipper and start shopping for something else.

since the check has cleared im already shopping!!

Matt Monson 02-01-2021 05:14 PM

http://forums.pelicanparts.com/uploa...1612231346.jpg
http://forums.pelicanparts.com/uploa...1612231701.jpg

Yeah Tobs, I’m tired. This being chronically ill thing has gotten really old. I can’t wait to move. Case in point... I reorganized the wheel and tire shed today and put a 914 up for sale. The fire has been out for 3 months, and you can see the ash that was on the wheels in the shed. All the cars are like this too. After 2 hours exposed to it, I had a full inflammatory attack and have been in bed ever since. Honestly, I can’t make these cars go away quickly enough.

Like I said above I would only “part out” some big stuff. I have an actual 1974 long block. I’ve got several sets of stock seats. I’d sell the sport seats tonight and replace the car with stock right now if someone pm’d me the right offer. I’m ready to move on. I can buy more cars later once I’m somewhere new.

pnut_lee 02-01-2021 06:29 PM

Quote:

Originally Posted by nathanbs (Post 11206265)
What the heck are you going to accomplish with $25k?

This just shows the sub category of classes in the Porsche world. Some guys are happy writing a check for a $25k engine build or a high end concours paint job. Others like me know how to shop for bargain parts, do most of the work myself, and stretch every dollar. I know I could make that car an amazing driver for $25k and so could most of the other guys on this forum.

Alan A 02-01-2021 06:46 PM

Am I missing something?
It was painted but the holes weren’t fixed first?
Is that right or did I grab the wrong end of the stick?

Love the color btw.

nathanbs 02-01-2021 09:39 PM

Quote:

Originally Posted by Matt Monson (Post 11206595)
You always look at these things through a body man’s eyes. Pelican is a DIY forum. The buyer of this car isn’t going to tow this car to you and open their checkbook. They are going to take it further apart, do the pan, and start fiddling with it.

Quote:

Originally Posted by pnut_lee (Post 11207671)
This just shows the sub category of classes in the Porsche world. Some guys are happy writing a check for a $25k engine build or a high end concours paint job. Others like me know how to shop for bargain parts, do most of the work myself, and stretch every dollar. I know I could make that car an amazing driver for $25k and so could most of the other guys on this forum.

Touché. I do say quite often that what goes into most of this is time more than anything else. Parts are still god awfully expensive but I suppose you are right if you are patient and strategic you can likely find a great deal. I just think of things like putting a good looking induction on the motor and getting it to run well with that induction is a pretty significant entrance admission. But I guess you’re right $25000 can get you going especially if you are handy in all other areas.

911heaven 02-02-2021 01:09 AM

[QUOTE=Matt Monson;11206581 I’m having a couple pm conversations due to this thread, about the whole project. I’m a little surprised nobody has asked (or commented here) about the value of early leather sport seats or a 3.2 “core” builder. I’m not going to dump the car to some $15k dreamer, but if I got $10k out of a bunch of the big stuff, I’d put the car under a cover for another few years as a roller.[/QUOTE]

Matt, I can see your point on parts. You are a lot like me in that I see every car vs the sum of its parts. Don't sell yourself short! Use your brain and part it out if need be, if more profitable -- keep the roller longer. You aren't going to move tomorrow in any event or even next month, even next year? Keep your wits and sell for a good profit if possible, and in the least amount of time it may require.

Matt Monson 02-03-2021 07:45 AM

Sale pending.

Macroni 02-03-2021 09:14 AM

Quote:

Originally Posted by Matt Monson (Post 11209445)
Sale pending.


Congratulations!

NYNick 02-03-2021 09:42 AM

Quote:

Originally Posted by Matt Monson (Post 11209445)
Sale pending.

This is the best news I've seen on PPMF in a L O N G time. Good for you Matt! Congratulations.

Matt Monson 02-03-2021 11:08 AM

Going for the hat trick here. I sold my 73 914 2.0l yesterday and my 99 2.5RS Impreza 5 minutes ago. 911 guy will be here in a few hours. He's an old customer/acquaintance from my Carquip days, and a Pelican. He would be a good home for it.

NYNick 02-03-2021 11:13 AM

Quote:

Originally Posted by Matt Monson (Post 11209713)
Going for the hat trick here. I sold my 73 914 2.0l yesterday and my 99 2.5RS Impreza 5 minutes ago. 911 guy will be here in a few hours. He's an old customer/acquaintance from my Carquip days, and a Pelican. He would be a good home for it.

That's awesome. Could you sell my 72T and 2006 Ford focus for me while you're at it?
I need an M2 CS.

Matt Monson 02-03-2021 11:32 AM

Quote:

Originally Posted by NYNick (Post 11209724)
That's awesome. Could you sell my 72T and 2006 Ford focus for me while you're at it?
I need an M2 CS.

Maybe once I'm done. I've still got a tractor, racecar, and Cayman to sell.

matt930s 02-03-2021 02:31 PM

Happy for you Matt; never had a doubt.

Matt Monson 02-03-2021 03:12 PM

Quote:

Originally Posted by matt930s (Post 11210021)
Happy for you Matt; never had a doubt.

:D Thanks for the vote of confidence.

He made an offer, but it's not really where I want to be. It was nice to have a second set of eyes on the car and some outside input. He feels that the paint is going to need to be redone in some areas, and that's a hit of several thousand dollars. He's offered to let me sleep on the offer and decide if I want to market the car more legitimately as a for sale ad for more money, or just be out of it. I just don't know if I've got the energy for the clean up, ad work, and then the tire kickers. I've done so well on so many cars over the years, this may just be the one where I take a big loss and move on. We'll see.

Unobtanium-inc 02-03-2021 08:16 PM

Quote:

Originally Posted by Matt Monson (Post 11210083)
:D Thanks for the vote of confidence.

He made an offer, but it's not really where I want to be. It was nice to have a second set of eyes on the car and some outside input. He feels that the paint is going to need to be redone in some areas, and that's a hit of several thousand dollars. He's offered to let me sleep on the offer and decide if I want to market the car more legitimately as a for sale ad for more money, or just be out of it. I just don't know if I've got the energy for the clean up, ad work, and then the tire kickers. I've done so well on so many cars over the years, this may just be the one where I take a big loss and move on. We'll see.

What was the offer? Since this is marketplace, and we are discussing what the car is worth. It might also sell the car. If you won't take X, but will take X + $3000, someone might say, "I'll take that deal."

---Adam


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