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Ahhhh, the sirens song of a fixer upper!!! The 928 guys are of course right, but why confuse us with the facts. I have rarely come out on top from a $ point of view when I go this way. Just because you can doesnt mean you should. You have to be able to buy a car for very short money to make it worthwhile. My own formula or guideline, which I sometimes follow, is as follows. Purchase price of car + known parts + labor costs = 1/2 fair market value of the finished project. The difference will be eroded by the inevitable surprises and the rest is your reward for taking the risk. Applying this to my most recent project, a Boxster, I am at even money so , I cant even follow my own advise, but I usre like the car a lot, Good luck!
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