[Yellowb1rd]

I'd have to agree with Jaxturbo on this one. People always make this mistake... "I'll buy this now, and just restore it, and have a really nice example when I'm done" Unless you're Jay Leno, then this is one you might really want to reconsider. Parts are expensive, no matter how you slice and dice it. If you have more time than money, you can chip away at this car, and see it transform slowly into a roadworthy vehicle(I've done it myself). If you have more money than time, then BUY one that doesn't need everything short of an exorcism to make it roadworthy again . If you enjoy car restoration...be prepared to spend A LOT of money and time on the project (much more than you would than if you had just bought a well-maintained example in the first place). As a 951 owner myself, and my fellow Porsche owners can attest, even nice examples require a commitment of time and money to keep them from becoming the money pit you're about to walk into. If you go into it understanding that, then you (hopefully) won't give up on the project when you realize that this isnt something that can be finished in a week, month, or possibly a year or more. Also understand that you will NEVER sell this car for a profit should you undertake said project. You will LOSE money. I guarantee that - But if you love tinkering, and have done this before, you'll have accepted that fact already.

If you aren't the type of person that can finish what you start, then RUN from this deal. The excitement of buying a new toy that isn't running will quickly give way to reality, and you'll end up selling it a couple of years down the road, as I guarantee this is a project for a tinkerer. Save your cash for a nice example if its what you really want, as you will spend a LOT less in the long run for one that needs only routine maintanance.

Personally, the difference between buying this car for 1500, or even a 1000 dollars as recommended in earlier posts is a joke. That savings isn't going to help you much - you can and will spend that quickly on this vehicle. You're not doing it for the cost savings - you should be buying it for the love of the restoration. If you're concerned about price now, just WAIT until you see how much some of the parts are going to cost you. 1000 bucks will seem insignificant.
Based on what I've read on the condition of this car, be prepared to spend at least and additional 12K (and this is very conservative) to get it into nice (non-concourse) condition, and that's YOU doing all of the labor(including the bodywork). A Porsche restoration shop will charge you 3 to 5 times that if you want them to do it all. To make it concourse, we wont even TALK about how much that would cost for a shop to do it.