1977 Porsche 911 3.0 Euro Value

spin240 · 06:01 PM

Hi,
I have owned a 1977 911 3.0 for the last twelve years. It currently has 95,000 Km on it. The car has always been garaged. It was owned by a doctor in my town before I bought it. He was the individual that had the car imported.
I have all of the import papers. In the past twelve years I have only put 23,000
Km on the car. The car is in excellent condition. It had been painted prior to my buying it. The biggest flaws in the car are in the paint. There are a couple of spots that have small bubbles due to rust. I am building a new house and am thinking of selling the car. Does anyone have any idea as to what it may be worth. It is to my understanding that only a few hundred of these were produced in 1977 for the european market only.

Thanks for your help,
Spin240[IMG]IMG_1075.JPG[/IMG]

JeffreyNMemphis · 04-04-2007, 05:17 AM

Pictures would be helpful...

spin240 · 04-05-2007, 06:04 PM

I Have tried to insert pictures but have not been able to. If you send me your e-mail I will send you some.

anthony · 04-05-2007, 08:53 PM

I think that for an SC with rust bubbles and paint issues you are looking at less than $10K (maybe quite a bit less). The low documented mileage isn't going to get you a lot of extra value when the car needs a minimum of $3-5K in paint work.

spin240 · 03:33 PM

It is to my understanding that the SC did not come out until after 1977. This is a 77 Euro 3.0 Carrera. It has the same exact engine as the first turbo released by Porsche.
The only difference is the engine does not have the turbo charger. Turbo = 6.0 seconds 0 to 60. The 77 european carrera 3.0 = 6.1 seconds 0 to 60. A 3.0 liter european porsche is much stronger than even the 3.2 american models. It has different pistons and was not restricted by US emissions. Only 1400 were made in the carrera and the targa from vin #9117600001 through #9117601473. The vin # on my car is 9117600593. The car has about three rust bubbles in the paint the size of quarters. The paint is not what is valuable about this car. Anybody can put a 4,000 paint job on a car. Only a few hundred people in the world can say they own a 77 3.0 liter Carrera. The owners manual is in French. The car is fuel injected, power windows and mirrors,power sunroof. The 3.0 liter "CARRERA" engine puts out 210 BHP.

anthony · 04-08-2007, 08:33 AM

I personally haven't seen Euro 3.0s sell for much more than SCs. Of course, you can always put up an ad and test the market for the price you want. If you want top dollar you should put that $4000 paint job on it.

anthony · 04-08-2007, 08:34 AM

Or maybe just have the few rust spots repaired and get the rest of the paint polished out?

JeffreyNMemphis · 04-08-2007, 12:48 PM

Troy,

Your car may be more desirable than an SC. The European model was considered a grey market car back in the 70s, but today that does not matter. The fact that it is rare does deserve a premium and the low mileage (60,875) certainly increases the value.

SCs are selling for between 8k and 21k depending on condition. 3.2 Carrera are selling between 10k and 24k depending on condition. Rust is definitely a negative that hurts your cars value. With the rust, you would probably get someone to pay 15k, but without the rust it might sell for 19k. If the car never had a rust issue at all, you might get 22k for a low mileage, perfect mechanical condition, perfect interior and exterior car.

I would fix the rust and detail the car, and make sure that the maintenance is all up-to-date before putting it on the market.

I bought my 3.2 Carrera for 12k with 99k miles, from an owner who wanted 16.5k. Anyone who is serious and knowledgeable about buying a Porsche will insist on a pre-purchase inspection (PPI). The PPI on my car said that the engine and transmission were in excellent shape but it needed brakes and tires and oil leaks fixed and air conditioning work. The repair estimate was for $5,700 and gave me leverage to reduce the selling price. The previous owner treated the car like it was disposable and was only able to get a disposal price. I have put about $3,500 into my car already and spent a lot of time fixing neglected items like the windshield washer system (which cost zero dollars to repair, just the time to clean and flush). My car would probably sell for $18k with no trouble. All of the mechanical issues have been addressed and I have detailed the car much closer to perfection.

If your car has always been maintained, it will be obvious to the discerning Porsche prospect. If it has been neglected, that will also be apparent. If you take the time to prep your car, you will get top dollar. If your are having an emergency sale, and have to sell it immediately without addressing any issues, then you will tend to get low-ball offers or no traffic at all.

The economics of supply and demand are very much applicable. What cars can be bought for the same $18k or any other price point. Your car being rare and low mileage meets the low supply criteria. Would someone pay $18k for a 1977 when they can buy a 1987 for the same price? Hard to say. If it is in pristine condition, then emotion can overcome the rational mind. If your car is all that has the feel of a solid Porsche, I would not be surprised if you did get $18-19k.

This picture below is the car we are talking about.

spin240 · 04-08-2007, 02:45 PM

JEFF,
Just wanted to say thank you for your imput. You are very knowledgable on porsches. Thanks also for posting the picture of my car. I am not used to posting on forums.

Thanks again,
Troy

pjv911 · pjv911's Garage

Judging from whats posted keeping in mind the body mods (a negative thing for value) and the 80`s type pearl paint I cant see more than $11k. Troy im not trying to be negative here its just my honest opinion.
If it were me I would return the car to stock and hold onto it. Use the car until it needs a body redo then when its fresh(and stock again) put it on the market for its likely higher future value. And dont hurt that engine ! The car should have 15" wheels too. Looks like you have 16" on there.

Kurt Williams

Jay H · 04-12-2007, 07:49 PM

I like Jeffrey's assessment of the 3.0 Carrera market. I agree.

I do agree however with Kurt's valuation of the car in question here. The rust and non factory body kit will hurt the resale value just a bit. It will take a few dollars to remove the rust and the body kit (if so desired) and potential buyers that are knowledgeable about the 3.0 Carreras will most likely factory these issues into their offers.

I too do not wish to be negative, but rather provide some insight on what potential buyers may be thinking as they view this car for sale... Bone stock cars sell the quickest.

Best of Luck!

Jay
90 964, 84 3.2

JeffreyNMemphis · 04-12-2007, 08:17 PM

Is that a body kit? I don't know everything there is to know about every model year and ROW equipment. Since he stated that it was a Euro model, I thought that the front treatment and side stuff was factory. My only objection to that as a potential buyer would be the condition of the materials. I think of body kits as cheap and flimsy stuff that can be easily chipped or otherwise making the car look cheap.

I do agree that stock is best for the most general buying public. The "unmolested" cars are attractive. However, some cars that have stuff like SSI heat exchangers and sport mufflers can be attractive too. You just have to find someone who would be wanting to add those mods anyway.

My car came with a $2,000 stereo. It is not a feature that I was willing to pay one extra dime for. I would have been content with a Blaupunkt head unit and two speakers. But, I was listening to Led Zepellin tonight and the stereo is growing on me.

I like the Euro look of Troy's car. The rust is the only thing that bothers me. If that is not an original Porsche paint color, that would also reduce the value somewhat; because I could not easily match the paint code for a repair to the rusty spot. If I was going to factor painting the whole car into the price, that would be expensive. I would go back to the original factory color after prepping the car to bare metal.

I still think the car is worth more than a comparable SC. If I had to choose between a 1983 SC with 60k miles, some rust that needed fixing, and the same interior and mechanical condition as this 1977 Euro car; I would take the Euro car in a heart beat. That said, a 1983 SC with 60k miles in excellent condition is going to sell for 16-18k.

JeffreyNMemphis · 04-12-2007, 08:29 PM

Troy,

I just looked at the engine picture... I don't see an air conditioning compressor. NO air conditioning is also going to limit the potential pool of buyers. Supply and demand, less demand for a car with no AC. When I was looking, if a car did not have AC, I moved on immediately.

Fidalgo911S · 04-14-2007, 02:12 AM

I find these cars intriguing for their engines (200 hp CIS) and small numbers produced. Restored and stock I'm sure they make a nice mid-year car. Here's some pictures and a link to a website detailing a restoration.

As a side note, no A/C is fine up here in the PNW. If you wanted to target an audience....

http://www.carrera3.co.uk/porsche_911_finished.htm

Fidalgo911S · 04-14-2007, 02:14 AM

Jay H · 08:33 AM

Quote:

Originally posted by Fidalgo911S
http://www.carrera3.co.uk/porsche_911_finished.htm

Everyone hates these mid year cars, but I sure like 'em. With a fresh motor, they are exceptional 911's.

Fidalgo911S · 06:55 AM

Jay, I think you may have misunderstood - that '77 was not mine. I just posted a link I found that shows what the original condition looks like. But I agree, that is some car.

For a host of reasons, I think the Carrera 3.0's will begin to go up in value in the near future.

Jay H · 04-14-2007, 08:33 AM

Quote:

Originally posted by Fidalgo911S
Jay, I think you may have misunderstood - that '77 was not mine.

I did misunderstand! Sorry! Thanks for the clarification.

Macroni · Macroni's Garage

I found the following in a discussion thread on the early s registry concerning this model car.

"Carrera 3.0 (200 hp, 188 lb-ft)
These are really neat cars, and were considered to be superior to the 2.7L MFI cars by the factory and based on road tests. Paul Frere quotes Auto, Motor and Sport of Oct. 75 as follows:

3.0 vs. 2.7
"maximum speed being reduced by a mere 2 mph to a still very useful 146.2 mph, with all standing start acceleration figures practically identical or, if anything, on the better side of it. Flexibility, however, which was already excellent with the 2.7 litre Carrera, shows quite a dramatic improvement, 40 to 80 kph (50 to 75 mph) time from 12.1 to 10.4 seconds, and the 120 to 140 kph (75 to 99.5 mph) time from 12.4 to 10.7 seconds."

There were 1093 C3 coupes built in 76, and 1473 in 77, all non US."

It appears these 3.0s are gaining in popularity in Europe. It is unfortunate that this car has been modified. Its greatest value would be restored to stock. If I were to sell this car I would place it on ebay for European exposure. The dollar is at a very low point making this type of purchase desirable.

spin240 · 04-21-2007, 05:37 AM

Thanks again for all the info:

I may just put this car on ebay. I hate parting with it but I am in the process of building a new house. I have probably driven the car 200 miles in the last two years and I am really getting no enjoyment out of it. My current home does not have a garrage and I store the car accross town. The car does have a front ground effect that is not factory. It is high in quality = stiff . The paint is an audi pearl color. I would grade the condition of this car at about a 3.5 - 3.75. The ground effect and the paint are the two changes made to this car.

I spoke with my mechanic yesterday and he feels the car will be easy to sell.
He has performed all of the work on the car since it was imported in 1983. He like everyone else asked me what I wanted for it. This is a hard car to put a price on because it is so rare. Not a single one was made for the US market.

I feel the car is very desirable because it has not been restored. It will not be very difficult to restore due to its current condition.