1976 911 Targa S Value

450RT · 01-08-2022, 09:12 PM

I am looking to buy a 1976 911 targa from my father in law. We have been working on it for a year but he has so many projects that I’d like to take this one off him and keep working on it. I am looking for what is market value is so that we can come to a family discount price.

Body and trans are a 1976 Targa S with a non matching 1977 911/81 engine. It does not run. We have freed up to motor as there was a carbon deposit in cylinder 1 near TDC. The paint is shot but there is very little rust. Galvanizing intact. I rebuilt the pedal cluster. Has all gauges, steering wheel, original seats (leather is pretty hard and cracked in places).

There are a lot of oil leaks at seams and triangle of death. I assume that trans will need to be rebuilt to some degree if only to fix leaks. Engine may not have compression, although I need to go through more thoroughly. I assume that engine will need a complete rebuild and built back up with updates (rings, case savers, head studs, rocker shaft seals, maybe line boring, bearings, carrera tensioners etc).

I installed oil cooler lines and trombone.
We rebuilt the brakes. Replaced brake lines and pads.
I replaced clutch cable and throw out arm.
Comes with Fuchs and a set of cookie cutters.
Needs a new fuel pump. Fuel Tank is marginal and needs more work.
Comes with replacement SS heat exchangers.

That’s about where it’s at. What do you think it is worth?
Thanks.

Unobtanium-inc · 01-09-2022, 07:41 AM

I just sold this 75 911 Targa for $29,000, running and driving with a 3.0 motor. Bad paint and old mods like the wide body.

----Adam

Kansas · 01-09-2022, 07:57 AM

$15k
It’s a project.

911heaven · 911heaven's Garage

I say, since it's a father in law you are negotiating with, tell him you are just going to work on it for free. When it's all fixed up it will belong to his (only?) daughter. Even offer him the chance to drive it or have a ride in it on occasion. You might just get it for free in this case minus the ton of money you put into it. Make sure you get the title in your name first!

JettandTye · 01-09-2022, 08:24 AM

I expect that the car is worth $15K, but there is at least $50K of work remaining to make the car safe and presentable. At $65K I would buy another car and save myself years of time and money.

Matt Monson · 01-09-2022, 01:20 PM

$20-25k is retail. Family price is $12-15k.

Mocker · 01-10-2022, 02:55 PM

I'd say $10-12k. The car is still, as it sits, a basket case.

pkabush · 01-13-2022, 12:12 PM

I agree with Matt $20-$25
If this were listed at $12 it’d be gone in a few hours

450RT · 05:57 PM

Thanks for the feedback. Although there’s some conjecture as to its value (including other groups in addition to this forum), somewhere between $15k-$25k is the range. Maybe at $15k it would sell tomorrow, at $25k in a month. $6k is where we are at after some consideration which seems to be quite fair. I’m still trying to figure out if I want to go in that deep. And if it doesn’t happen right away it would likely sit, which is a bit unfortunate. I know it will take a lot of work, but that is what I am looking for. We are finishing up an in-frame rebuild if a ‘69 Triumph TR6. I want to continue wrenching on cars and this would be a fun long term project with a fun car to drive at the end. Funny enough… I have never driven one.

Unobtanium-inc · 01-13-2022, 05:46 PM

I love how a bunch of you guys just pull numbers out of your butts when some of us actually put up real comps. So if a running and driving 75 Targa sells for $29,000 last week, after sitting on ebay for a week with thousands of people seeing it, how is a non-running car that needs a complete rebuild worth $20,000-25,000?

Hardest tea for some people to swallow, Real-al-a-tea.

---Adam

Matt Monson · 01-13-2022, 06:46 PM

Right, my 74 coupe that was a rough project that I sold for $23k isn’t a comp… you wholesaled your car. You could have gotten more. If this guy’s car is rust free, as claimed, just the roller is worth $10k. It’s an original unmolected body; yours was not.

Unobtanium-inc · 06:58 PM

Quote:

Originally Posted by Matt Monson

Right, my 74 coupe that was a rough project that I sold for $23k isn’t a comp… you wholesaled your car. You could have gotten more. If this guy’s car is rust free, as claimed, just the roller is worth $10k. It’s an original unmolected body; yours was not.

A coupe is never a comp to a Targa, different car, different buyer, different market.
It's like comparing a 911 to a 912, in terms of value.

---Adam

ItzaMe · 01-13-2022, 06:58 PM

Similar to Adam's sale, we sold this 1978 Targa SC for $34k, which I was surprised with. It did have a recent complete engine/trans rebuild by Porsche with documents. The negatives were the paint and the wide body as well. I would say this is a 12-15k project car 'family' price. If you can almost get it for 6, why don't you just offer 7-8 and seal the deal.

Matt Monson · 01-13-2022, 07:00 PM

Quote:

Originally Posted by Unobtanium-inc

A coupe is never a comp to a Targa, different car, different buyer, different market.
It's like comparing a 911 to a 912, in terms of value.

---Adam

Ok…

https://www.beverlyhillscarclub.com/1974-porsche-911-targa-c-13129.htm

Unobtanium-inc · 01-13-2022, 07:01 PM

Quote:

Originally Posted by ItzaMe

Similar to Adam's sale, we sold this 1978 Targa SC for $34k, which I was surprised with. It did have a recent complete engine/trans rebuild by Porsche with documents. The negatives were the paint and the wide body as well. I would say this is a 12-15k project car 'family' price. If you can almost get it for 6, why don't you just offer 7-8 and seal the deal.

See, now that's a good comp, also a Targa, but with a rebuilt motor and it's an SC, which brings a premium over a regular G-Body.

---Adam

Unobtanium-inc · 01-13-2022, 07:03 PM

Quote:

Originally Posted by Matt Monson

Ok…

https://www.beverlyhillscarclub.com/1974-porsche-911-targa-c-13129.htm

Again, not a comp. That's an asking price, not a sold car. I had a buy it now on my car for $33,000, would that make it a comp? No, because it actually sold for $29,000.

---Adam

Matt Monson · 01-13-2022, 07:20 PM

You’re too much sometimes. Your one single sale does not a market make. It’s all you jerking yourself anyways because he can get it for $6k.

Unobtanium-inc · 01-13-2022, 07:23 PM

Quote:

Originally Posted by Matt Monson

You’re too much sometimes. Your one single sale does not a market make. It’s all you jerking yourself anyways because he can get it for $6k.

Correct, but it does weigh a lot heavier than guys pulling numbers out of thin air, which was my point.
It's like when I had a running 930 motor a few years ago, everyone said $25,000 all day long. It sat for sale for $20,000 for almost a year, I finally sold it for $14,000. Did I undersell it? Could I have held onto it for 5 years to get the elusive $25,000?

---Adam

450RT · 08:08 PM

I can take it for $6k maybe even a bit less as there are other factors. If this car were sorted, I estimate $10k in the motor (my work rebuilding aside from machining) and trans (sent out), paint ($5k ish) and a $2k misc, I’d be into it $23-$25k. Might get lucky on some of the cost, but hopefully it will not be more. For a non-numbers matching car, that might be worth it. Just didn’t know how much the market has changed (if at all…yet) for these targas. Doesn’t sound like it’s changed much.

Interesting article on this very car from motortrend dated a year and a half ago values a 1977 targa for $26k. And although they initially MSRP for more, they sell for less on the used car market. Not enough demand I guess.

https://www.motortrend.com/news/porsche-911-targa-models-values-prices-collector-car-market/

911heaven · 911heaven's Garage

My idea was to keep it in the family, get it for free, after that take inventory of what you got. Is that not an interesting option once acquired?