[yo911]

Yep. Tanked economy is right!!!! Not many buyers are looking for luxury cars, sports cars, SUVs, or trucks in this market. In fact, the whole auto industry is taking a hit that even the government is thinking of helping out. Recession, home foreclosures, companies laying off due to poor sales or overseas outsourcing, stocks dropping, and not to mention Christmas is around the corner.

Personal experience: I had my showroom condition 2006 Toyota Tacoma on the market for 3 months before it finally sold. It had only 15,000 miles, not a scratch on it. Still under factory warranty Sold it for $500 below "low" blue book. Had I sold it a year ago, I could have gotten mid-high blue book. If I had sold it in 2006, believe it or not, I could have actually made money. Trucks were rolling off the lots quickly. However, Toyota and Nissan are NOW dropping production on their full-size trucks. Now if I had a Prius, I'd probably get high blue book even if it were in poor condition.

This buyers market definitely applies to P cars as well. If the OP thinks he'll make back his mods and upgrades, sorry, not going to happen. Better off keeping it until...who knows when. Or cut your losses now and take whatever you can get. That's what i finally had to do with the truck.

Like Steve and others have said and I don't think you really heard, mods/upgrades don't add value, unless on the off chance that someone wants exactly what you've done. Unlikely though. On the other hand, documented solid mechanical work such as engine and tranny rebuilds at mileage-expected intervals by reliable, known P mechanics will help maintain a car's value (not raise it, hold value)! A $20k car with $15k worth of work, doesn't make it a $35 car. It makes it a car more LIKELY to get $20k.

That said, I think you'd be lucky to get $12k. Cuz in the end, it's still a 1979 911 with 157,000 miles.

BOL all the same...