Ready to negotiate 72 911 T Targa

[joetiii]

Well things went really well w/ the PPi on friday.

So here goes the results. Body is all there. A few tiny surface rust areas but the shop owner was really impressed with the condition. Fresh paint. The engine is bone dry, has the updated carrara tensioners, and a solid functioning MFI. leak down good.

New calipers and pads, new targa upholstery, new front seats, old dash cover. New front belly tray, new batteries.

Now the not so good news. The throttle sticks real bad, so much that the shop had to replace a linkage clip back by the tunnel so I could get home w/o failure. The throttle only goes half open with that much play in it and needs complete rework.

Tranny sings out of key in 5th gear and occasionally grinds going in first. The clutch engages right off the floorboard and the brake has a lot of travel before calipers start closing.

All suspenion bushings are original and starting to rot. Car sways side to side on the highway a bit. Rear shocks are soft and the front stuts are moist.

The owner has the car listed in hemmings for 18,7
He's offered it to me for 16,5 and has mentioned he's pretty firm at that price but knowing the throttle issue and trans concerns I think I have room to negotiate further. I don't think anyone would pay that kinda money with a dash cover and aftermarket A/C plumber but not working.

Thoughts?

[berettafan]

----input from a newb in the market---



IMO:

-Aftermarket a/c is a liability, not a plus. I'd be junking/ebaying the entire thing the first day i owned it. Especially since it's a targa.

-Throttle linkage sounds very simple (ie no big deal)??? That being said are you confident MFI checked out good?

-Get a price for a full rebuild on the trans from a reputable, experienced shop and deduct it from the asking price of 16.5.

-Price out the bushings, etc for the suspension and try to get it deducted from the 16.5 but be prepared to not get it.

Looks like a really sweet car though; neat color! My approach thus far has been to add the work a car needs to be 'right' to the purchase price and then compare that total to the rest of the market. Seems simple but I've found that several cars with a lot of initial appeal get crossed off the list when I take 'emotion' out of the process.

Erik

[berettafan]

well i don't know what happened to the 'i'm with stupid' smiley

anywho, i'm thinking you might end up splitting the trans rebuild cost and you'll both be happy (particularly if the actual rebuild cost comes in low).

[joetiii]

The restorer/owner is going to redo the throttle linkage whether I buy it or not.

Since the suspension parts are just worn from age and not defective as the throttle is, I don't think I can use that to knock him down. We both realize It is a 30 plus year old car.

I too subscribe to the formula that you should use the current market price and then deduct for repairs that are needed. I've got two cars within 120 miles from me that are priced at 19,9 and the other 21,5. The 19,9 is a 71 Targa with an older restoration that needs another 2 grand to make it right. The 75 S targa is supposedly needing nothing but I havn'e checked it out yet.

[berettafan]

21.5k for a '75 targa sounds like an awful lot. Unless the car is a showpiece i'm guessing you could do a LOT better (ie newer SC or Carrera/nice longhood).

[coldstart]

Not that I want to deflate the price of 1972 911T targas as the proud owner of one, but $21K is WAY too high for the described car. I will sell you my car for $18K and the tranny and brakes works well (targa top and dash in great condition, no rust, very original including interior, exterior, wheels, engine, etc.) I'm not really serious about selling but at those prices....

[techweenie]

Since there was no 'factory air' in '72, there is no negative associated with 'aftermarket.' There is only negative value in A/C that doesn't work. You have the option of removing it and plugging all the holes it leaves behind or making it work. The latter is my recommendation if you really need air in your part of the world.

Cars like that rarely bring $10K on eBay. If it's truly exceptional (doesn't sound that way) and it's the car you really want, you still shouldn't pay over $12-13K, IMHO. Of course, cars like that are more plentiful out West.

For comparison, look at eBay listing #4639232328

[joetiii]

The seller renegged on his agreement to repair suspension and accelerator issues so the deal is off. Probably the best thing. I wished him luck selling it to the unsuspecting soles he has lined up from his listing in Hemmings.

[ubiquity0]

Originally posted by techweenie


For comparison, look at eBay listing #4639232328

What are those seats out of? A Dodge Neon????

[1982911SCTarga]

What's with that weird idler pulley between the fan and the York compressor on the car techweenie provided the link to?

Also, are wipers and sun visors extra on that car?

Brian

[Wayne 962]

Sounds like a good thing you got out - this T seems overpriced for it's quality level...

-Wayne