Yep. Way better to deal with mechanical issues instead of rust.

Whoever buys this car is going to build it to their personal taste. Almost anytime you do this with a 930, you’ll be underwater. And who cares about that if it’s the car that you build to your spec.

I never chime in over here but I will go ahead today and do so. I think this was a pretty good deal for someone that wants a modded hot rod 930. Paint doesn't have an effect on performance. ...go through the engine and suspension and hold on and have fun. That is what these cars are for not for bragging that you have a paint to sample all original 1978 930

It is only worthwhile if the labor needed to get it running again is all your own sweat equity, if not, this was well overbought, and now the new owner is fully underwater.

Yup, $43k sounds about right this CA car.

and if he bought a brand new car today and drove it for a week he'd be underwater too.

It is car not an investment in the stock market.

...but yeah to restore to original is not a good investment.


I still think for a hot rod 930 project not a bad buy.

I'd say, fix it to run/drive good, fix the areas of bad white paint and hey, it's not original to the COA, so replace those bad seat inserts with some 70s Porsche black cloth pin striped material, clean it up. Then get some driving in.

This isn’t a new car, so why are you comparing it to one? Do you see the word investment anywhere in my post? Of course not, this car is the furthest thing from an investment. Being underwater on it simply means the buyer overpaid for it based on its needs and how much it’ll cost to get running vs buying a 930 already in running condition. This was a bad buy, the buyer just doesn’t know it yet. I’m sure this is no run of the mill engine rebuild, or it would’ve been done by now.

I’m guessing that the kind of buyer who will pay $44k for this project is the kind of owner who will also pay to repaint it as part of the job. Plenty of guys out there who can afford to just open the checkbook and go all in on a car.

Who cares, the buyer will probably restore it and won't care what it's worth. He or she may just go on and enjoy it for years to come. It does have a bunch of stock parts. I've seen worst brought back to life. So maybe he overpaid by $10k but in the grand scheme of things, what is $10k when you're going to dump $60k+.(depends on your demographics and connections). So let's say he totals out at $120k. Hey may end up with a beautiful car that makes him happy.

You can close your eyes and pick any 930 for sale and find a much better deal without the downtime and headache this one requires. Here I just did it, this one just had a $17,600 engine rebuild 2100 miles ago, it probably needs nothing, and it can be bought in the low 70’s for sure. It’s got its original color as well, and far less miles on it too.

https://www.ebay.com/itm/1987-Porsche-930-Carrera-Turbo-2dr-Coupe/264775934743?hash=item3da5e02317:g:VOUAAOSwsc5e5~m o

The buyer of this project BaT 930 said he’s taking the color back to the PTS original color! You know how big of a job that is to do it correctly?!? If the buyer won this in a raffle and decided to do the color change and all of the other work it needs to restore it, he’d still be underwater on it. LoL. This is why the seller didn’t spend a dime on the car for all of those years it sat under his ownership, it never made sense to do so. This one definitely falls in the more money than sense category.

It's nice but to some folks the year matters. 78's weren't produce in mass quantities when compared to the later years. No one has a crystal ball and we can predict all we want, at the end of the day it's not our money. Time will tell whether it was a good buy. Hey I remember when the guy who bought McQueen's 76 930 got hammered by the folks on Rennlist for paying way over (then) current price. Keep in mind a nice 76 930 was probably worth $20-30K. He paid 3-4X's that. Guess who laughed in the end. Yes I know this 78 won't ever get to a McQueen value but after a nice restoration it may surprise what someone would pay for it. If he restores it and enjoys it and loses $10k...who cares he still enjoyed it.

So who cares if you are underwater if it is not an investment? It is a hobby and for some about the process. I am standing by my opinion that if one wanted a hot rod 930 then starting with one in this state is a pretty good starting point as I said when I chimed in here. ...better than buying a nice running car at 75-80K and putting 20-30K + in to a motor build etc.

I'll concede that to restore this one to factory original will take deep pockets and not a good "investment"

A PTS metallic 78 930 and an 87 Guards Red one are two totally different cars. While most would argue the 87 is much better vehicle most will also say all else equal the 78 is worth more. You're comparing apples and oranges.

That said, it's obviously not about the money for this guy. If he's already announced he's going back to original color, he's got a vision of what he wants to do with it. Guys have started sending 930s to Accumoto, Kelly Moss, Patrick, and etc for hot rodding. It's not just SCs and Carreras that are getting the 6 figure hot rod treatment. 930s are getting it too. A car like this is the perfect basis of a period tuner build with cosmetic restoration.

They are the same car. I can’t believe I’m even commenting on that. Both 3.3 930s, there is nothing here that’s apples and oranges. They are both oranges. Or they are both apples.

Here’s another thrown dart for your 1978 MY, this one is spectacular! Awesome color combo with sport seats and the turbo script, and with 23.5k miles on it. It is stale at 120k asking price. This was a bad buy, it’s surprising so many don’t clearly see that. I guess that’s why these always sell for more than they’re worth, it attracts the finance as you go crowd, which is always the more expensive way to buy.

https://www.ebay.com/itm/1978-Porsche-911-Turbo/264445729807?hash=item3d92319c0f:g:qFAAAOSw~cldZqW 4

I can keep going with examples that make this one look like a bad deal...

Once again you miss the point. It may be just the process for the buyer. Sure there are better cars out there but something made this car special for the buyer. Maybe there is a nice build in his future that this car fills the bill. So in your opinion, what would have been a fair deal? $34k? If so you then you’re only bothered by the extra $10k. That $10k will get washed in the restoration build...once again depends on the buyers demographics.

Rey, I haven’t missed any point, this entire thread is about the value of this car, and it has very little value at all in terms of restoring it vs what can be purchased in running condition right now. If you read my previous post you’d be able to gather that I don’t even think it’s worth 34k, it needs way too much work. My definition of worth and yours are obviously quite different. I’m sure the buyer bought it because he wanted to take on a project, good for him, he’s now got one helluva project, that doesn’t make it a good deal though. The only thing special about this is that it was on BaT, which is the best way to sell a non running car that has lots of hidden expenses the bidders couldn’t see or evaluate prior to purchase. They literally need to bring a trailer to haul it away.

Funny argument here...

@jms935. What’s the market value of this one? Less than 34k? Go find me one like it for that price, I’m likely a buyer.

And you clearly missed my point, I came in with the opinion that this was a good starting point for a hot rod build. Why start with a nice 80k + car to build one of those?

Buy a running car in better condition for more money, and then spend far less money and time on it than you would’ve had you bought this one. They are out there, all you need to do is take off your BaT blinders. Too many of you get romanced by the low starting entry point to see the big picture. These cars always sell for more than they’re worth because there are tons of the pay as you go guys that can’t afford to buy a car already sorted. They end up paying more with their time and money in the long run, that’s not worth it to me, but if it is to you, there are more out there to be bought. Find one and off you go to your new hot rod project.

They aren't the same car or else the market would value them the same. There are undeniable model year changes made to the cars.

As for the rest? When did I ever say this was a good buy? Make all the examples you want. Some of us aren't even having the same conversation here. As I've said, I don't think this buyer cares about the extra $10k. This car would be a horrible buy for someone like you. But you didn't buy the car.

Worth and want are very different things. I’m talking about its worth. Whoever bought this project, clearly it was based more on the ‘want’ and less on the ‘worth’. Hopefully they enjoy the project, and it ends up being ‘worth’ it to them when it’s finished.