Thoughts on value of project 1977 911

[Eric D.]

I saw this car listed near me. It’s a couple hours away. Does the asking price seem reasonable? At first thought I was thinking it’s priced way to high. Was thinking of making the trip to see it this week. Any thoughts? In case the link doesn’t work. It’s a 1977 911. Steel wide body added. Looks decent from the pictures. Seller added looks good from 15 ft. Engine is out and apart due to broken head studs. Interior needs work. It’s been sitting for 8 years. Looks like a fun project.

Thanks, Eric

https://westernmass.craigslist.org/cto/d/amherst-1977-porsche-911s-project/7035936173.html

[Eric D.]

This is the listing from the seller. I couldn’t get the picture to come up though



77 911s 2.7 5 spd project widebody all steel done at some point before I bought it so looks like a just like a 930 turbo drove it for few years then removed engine and transaxle to fix head bolts then life took over so Been sitting in my garage since (8 years )motor on a stand half apart rest of car is fine no rust paint OK from 15 ft interior needs update brown shag common back then leather seat have cracks 16 inch gotti 3 piece rims its red with black trim has sunroof $18000 (no trades )

[sm70911]

Honestly 18k for this turd ?
You will spend 5k DIY ing it back, you can find a running driving SC for mid twenties. It's just not worth your time. Maybe if it was a desirable model, maybe if it was a narrow body all original. But the flares, the whole presentation of the car just tells you unless you can get ot for 10k or less with all the motor parts, then leave it.

OP above is out of touch with the reality of the Porsche market. You have 18k, save a bit more, market has cooled significantly. That way u can spend more time with your family instead of working on a POS. There is always another project with these cars, it's a lot of work. Buy a running driving example you can improve.

[NYNick]

Two bad pix and a brief description hardly tells the story, but Hugo is right. Lots of work to be done here and at $18K, you'll be underwater in a hurry.

[lsf911]

Eric,

These guys are right, it's a lot of work to put these cars back together and getting them running right. Having said that, are you looking for a project? Is the appeal that it's close to home and you can drive over and look at it? I live in MA. and not too many of these cars come up for sale around here. They do once in a while like this one but not a lot.

If you really are interested in this car, go look at it and if you like it and want to take it on give him an offer. Maybe he will bite. I think 18k is high.

Good luck!

[75 911s]

I just bought a car nearly identical to this one. A G-red 77 with a wide body kit for 14k.

The pluses where a dry chassis with clean title in my hand for a full hot rod build at about 7k after selling all the stuff off I don't need.

The minus' were bad sunroof job (non factory), and flares were lap welded with tons of bondo. Buy a 200$ paint meter and go look at it. You can quickly tell how much bondo was in slapped on those fenders.









My project made sense to me because I have the time to goof around with it and I wanted a low entry point. I knew I was going to be blowing it apart fully for my build. If you are looking for a driver, do a clean SC like the others said for a 5-10k more.

[faverymi]

Don't go look at it.

You are going to justify buying a POS.

Go look at nice sorted cars first so you can see by yourself what's gonna take to bring a turd back from death.

[Unobtanium-inc]

A few things to keep in mind with a project like this.
1. If it's close you should go look at it for a couple of reasons. Reason number one is every car you look at is like a job interview or a first date, you learn something that will help you later on. So even if you don't buy the car, you might learn something. Reason number 2 the guy might grab you as you're leaving and say, "How much will you give me for it?" Yes, it happens. It doesn't happen over the phone, but it does happen when you're standing there. If that's the case you might make him what you think is your best offer and he takes it, that's a win!
2. Counting individual thousands when restoring an old Porsche is a fool's errand. People love to say, "you'll be underwater", so what, you're underwater working on a Porsche, not a time share in Arizona. Anyone who has ever stuck with a project 356 or 911 has almost always ended up on top, they tend to gain value over time.

So, yes, you should consider this one, go look at it. Might make for a fun Sunday. Ironically, I'm also in Mass today having fun. It's amazing how 65 year old aluminum is ok meeting new aluminum.

---Adam

[Eric D.]

You guys are great! So glad I asked first! Definitely made things more clear for me. I think I’d still like to see it in person as suggested above as a learning experience for the next one.

Thanks again, Eric

[Eric D.]

Adam, Now that’s one hell of a project you got going there!

[thamlin000]

77s chassis are all galvanized. Reason enough to consider this as a project if rust in not an issue. Especially since this price is likely negotiable.

[Unobtanium-inc]

Originally Posted by Eric D.

Adam, Now that’s one hell of a project you got going there!

This is after 5 years of work.

---Adam

[Eric D.]

Just to let everyone know that car is under deposit for 16k.

[75 911s]

From you?

[Eric D.]

Sorry I should have said. The seller took a deposit for 16k from someone else. At least that’s what he told me.

[NYNick]

Originally Posted by Eric D.

Sorry I should have said. The seller took a deposit for 16k from someone else. At least that’s what he told me.

I think you should consider this a win, especially if you got to educate yourself by seeing the car.