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-   -   Price check, 1970 911T project (http://forums.pelicanparts.com/showthread.php?t=753860)

saxen 06-05-2013 11:38 AM

i would start at 12- and if drop if i had a cash offer ready to go- great looking project!

Matt Monson 06-05-2013 11:45 AM

Quote:

Originally Posted by SilberUrS6 (Post 7482740)
A very reasonable suggestion.

I just know that I got nearly $10k for a rougher car, not running, 5 years ago. Given recent trends I have a hard time believing this car is still a $10k car. But the only way to figure it out is ask more and come down if it isn't more than a $10k car.

SilberUrS6 06-05-2013 12:00 PM

Quote:

Originally Posted by Matt Monson (Post 7482765)
I just know that I got nearly $10k for a rougher car, not running, 5 years ago. Given recent trends I have a hard time believing this car is still a $10k car. But the only way to figure it out is ask more and come down if it isn't more than a $10k car.

Considering the work it needs, and the final value, it would be hard for me to justify spending more than $10k. In order to make it anything close to a financial wash, you'd have to do a ton of that work yourself. By my estimates, if you have someone else do the work, by the time you have a painted body back to you ready for re-assembly, you're into it $30-40k, considering the original purchase price. Now you have to address the mechanical. Are you going to get away with spending less than $10k on all that? Maybe. Hard to know - after 5 years of sitting, you might get lucky. Or you might not, and then you're really going to be upside down.

Maybe I'm being pessimistic, but projects like this always take double the money you think they will, even when you're DIYing.

Matt Monson 06-05-2013 12:19 PM

My car went to Europe, had the rust repaired, bare metal respray all seals and trim and interior restoration.

It wasn't running because I pulled the engine to clean up it up and detail it, but it was a driver before I did that.

It was worked on for 2 years and then sold to a guy in Germany for 55k Euro in mid 2010. 1970 911t targa in signal orange.

CountD 06-05-2013 05:03 PM

Clean it up (but not too well), take some nice photos of it (preferably in a farm-like setting), and put it up on the 'bay. Who knows where it may go, but it will probably go for more than you are thinking.

wgwollet 06-05-2013 06:21 PM

Check your PM owner.

eolson 06-06-2013 10:54 AM

E mail sent.

Jonny042 06-06-2013 11:43 AM

That looks like a parts car to me. Hate to say it but they aren't all worth saving.

Notice the MN plates = rust belt, and the fact that the DS Deco is gone, there's a hole where it used to be, nothing left for the screws to grab!

eolson 06-06-2013 05:16 PM

Crushing that car would be a shame, they're all worth saving to the right person.

Matt Monson 06-06-2013 06:19 PM

Even 5 years ago this car would have been worth saving. In today's market only a greedy money grubber with no love for the marque would part out this car. It is very restorable and will be worth a nice chunk of change once it is done.

OceanVista 06-06-2013 07:00 PM

Stick it back in storage and bring it to market next year....these early cars are increasing in value every day. It's a better investment than virtually anything else. If someone were to give you $20k now where would you invest it that would give you the potential roi of this car?

mattC2993 06-06-2013 07:27 PM

I'm thinking $20ish. A do it yourself guy can replace the metal for a grand or two. All projects need paint and a motor go over. You might be able to buy something that runs and drives for $25k but it probably needs everything to be a nice car.


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