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Maybe add selling as an option to that list, but would probably need to fix the engine (per option 1) for a decent price that anyways.
As I have aged (and have more financial security), I have come to the conclusion that I should only buy if it is exactly what I want...or making it exactly what I want has an obvious and achievable path. Otherwise I stick with what I have. I do this with anything from furniture, cars homes, TVs, etc. If I were buying an air cooled car today, I would probably buy a turbo or a middie Carrera. Why? Because then I would enjoy it more and not spend time pursing something else. If I already had one, I would wait until I knew exactly what I wanted...and wait to change/upgrade until I knew exactly what I wanted and could afford it.
When I was a young man, I had various iterations of 1965 Mustang. I was pretty much limited to those I came across in my travels/small town. I always wanted something a bit different...engine, tranny, color, options. If I were to buy one now (and might). It would have to be exactly what I want...even if it required I pay a great premium (or nothing). It would have to be a convertible with exactly the right color paint, carpet, interior, top, etc. It would have to be the right engine, tranny, have factory air, wheels, GT options (Rallye pac, light bar, steering wheel, exhaust, etc.). Nothing less. I would rather just pass...as it would never be exactly what I want. My newest car now is my 2004 Cayenne TT that I bought used over a decade ago...because I searched until I got exactly the one I wanted...and had to fly cross country to pick it up. I simply cannot find another car that serves the same purpose that I like better.
Personally, I would fix this car (repair the studs) and drive it (like I stole it) so that I could be sure what I really want...then decide. Unless the engine is radically changed (modern 3.6)...it will never be a really fast car. Even the SS 3.2 only makes it fast in comparison to similar cars. For many, it will just never be enough. It takes a while to know what you want or to get something out of your system. If you already own an older 911, your investment will likely not go down over time if you keep it relatively stock and in good condition. That gives one plenty of time to play with it and make better decisions later without major depreciation.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
http://www.pelicanparts.com/gallery/fintstone/
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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