Boy most of you guys' numbers are way off. I am doing a body off restoration on a 1969 911S Targa. Doing some work myself, but not much. I project 120,000.00 for the restoration.

Two reasons for that...

Yours is being done to a very high standard, far better than get it to "running driver" quality.

Then, they are leaving out a lot of the little stuff that doesn't fall into "paint, engine and interior."

JR

I have your cars brother in my shop, 73.5 targa, aubergine car. Doing the same project, think I have less rust though. Matching numbers car.

http://i184.photobucket.com/albums/x...a/a2ef5a86.jpg

http://i184.photobucket.com/albums/x...a/a95c21dd.jpg

And after spending all that money, you'll feel obligated to leave those ugly 73.5-only bumperettes for authenticity ;-) Dammit, it's a lose-lose !! ;-)

Looks like no comparison to me.................

Wilholt in california gets over 200K in a total restoration. Shows what the costs are to get it back to new again. I still praise the "part out" and roller, engine block sale before dropping any money in rusted carcass.

Run from this car. It's going to take $100,000 to do this car. Maybe in 10 years it'll be worth more than that. It's still not worth it.

Remember rust is like an iceberg. You can only see 10% of it.

btw - The Italians invented rust. Porsche perfected it.

Richard Newton

Aaarrrggghh!
 

BMWR63:

Speaking of removing rust, I just picked up my '73 911T yesterday from the body shop I've used for 20 years. I had two rust cancers under the paint that looked like a healing scab about the size of ones thumbnail. They hadn't grown in the four years I've had the car. One near the gas cap and one on the bottom edge of the bonnet.

The shop had to cut out the metal and shape and weld in two metal pieces, match and repaint and clear coat it. They did a beautiful job BTW.

Cost: $896.00

Your car: $100,000 that RichardNew suggested might be the down payment! ;)

Tom

Thanks to everyone for the feedback - I made a deal on the car. It will be in my garage in the next couple of weeks. What I do from that point on is up in the air. I am not sure if I will stare at it for a while, part it out, or just sell it.

It was just to hard to pass up - I don't think I will restore it, but I could not leave it to rot.

One option could be replacing the tub with a sound one.

Many congratulations! This is a very special car, no doubt. The great thing about these cars is that the longer it takes to restore, the more it is worth finished.... :-)

I would take it easy, first get it rolling since it is easier to work on when the tires are inflated and the breaks unstuck. Easiest way to do this is to buy cheap roller wheels like ATS wheels, and just remove the brake calipers.

Then I would look into the rust carefully. If it is just the floor pan (due to the broken targa roof) I would replace it and then try to get it running. If the rust is everywhere there is really no choice except pulling it apart. Or selling.

My point is that this site is full of cars that just sit in boxes and probably will continue to do that for a very long time. It is better to keep the car together as long as possible. A restoration takes a very long time; I have a 1973 Targa which I have worked on for 4 years now. I started with a bare but rust free tub, so you can say that I had a head start. On the other hand I had to source every single part for the car....

Also, I think the numbers thrown around here are very high. The labor rate in Sweden is way higher than in the US, and here it would cost maybe $50 k to restore body, paint and engine. Then you would have to assemble it yourself. Myself, taking my time, spending a lot of time in the garage, will have spent less than $25k for a nice driver resto.

Good luck, and please start a resto thread!


Regards,

Johan

Congrats. Take your time, read everything you can, and you will learn a lot.

Find a copy of the Haynes Porsche guide to purchase and DIY restoration.

Don't let the guys scare you with high numbers. You can make the car a nice driver without breaking the bank, and do most of the work yourself. These cars aren't that hard to work on.

Put it on ebay and it will sell for 30K as is... crazy market these days...

Local guy sold a '73 mfi in slightly better shape last year for $10,000.

I don't doubt this figure.
in Germany, any pre-74 911 that is fully restored up to the last bolt/nut and including all expertise regarding craftmanship, parts used, period-correct originality, history and maybe weighing pro-cons for some gentle upgrades/improvements... at the end they rate at EUR 100.000,-. more or less.
same with slight-patina-top-cars.
depents of the buyer what he likes most.

simple as that: anything below the benchmark sells as a potential.
same for that mentioned 911T targa.

Gotta love PP

one thread says 100k, one says 25k, and everyone is happy on both

http://forums.pelicanparts.com/porsche-marketplace-discussion/803767-thinking-selling-my-73-5-911t-targa-new-post.html

I agree that some of the valuation estimates (claims of $70k as is) there were nuts.

But there is no inherent inconsistency in the assessments that you can spend either 100k or 25k on a "restoration." Are you doing an Edd China DIY restoration or give Legendary Motorcars a line of credit, full Monty restoration?


Driver or concours?

Do you want Fuchs wheels or "date matched" Fuchs wheels?

Do you reuse existing fasteners as is, or remove, clean, and replate? Or buy OEM replacements?

Do you buy used parts that fit and look presentable, or buy date, model, and VIN-correct replacements?

Yours is a "money no object", checkbook resto but also on a pretty rust-free/straight car, correct?

The subject of this thread has stage 4 cancer in every visible and invisible nook and cranny plus not a single usable component as far as I can see. Plus it's a CIS targa, which will be back to being a $20k car when this latest phony bubble bursts. Buying into the early 911 hype right now is like buying a McMansion in Vegas in 2007.

Let's put it this way, do you think you could bring Mickey Rooney back to life with the right set of tools? :)

Congratulations!
I’m into my 4th year of renovating my 73.5 Ivory Targa; although the first 2 years it just sat while I finished the addition to my house so maybe those years don’t count? I vote you hold onto the car for a while and research the costs to do the actual work. The car appears to be quite complete and assume the numbers match so FROM MY VANTAGE POINT it’s a worthwhile project, rust and all? The biggest value you can bring to this car is patience and planning. You need to thing through the process, know what your end product needs to be and put a game plan together. At this stage of my life, my talents are better spent developing income rather than trying to be all things to my restoration. I’ve restored a few other p-cars over the years (4) when things were a bit simpler (wife, no kids yet). I don’t know welding and these cars are getting to expensive to fool around with (learning) if you want to get a return on your investment. I bought a 72 T targa that I happened to drive by on my way to a business meeting. Came back after the meeting and ended up buying the car for $2000 towed to my driveway. It was way worse off than yours with fiberglass fenders and bumpers not to mention rust from the floors up 3”. I parted that car and the money from it has gone into the 73.5.
I completely stripped everything off the 73.5 myself documenting every detail with pictures & diagrams; bagging and tagging every little part along the way. Even made a list of what needed replacement as I stripped it; highly recommend! Next had it media blasted and primed $1500. That included an extra bumper and two additional deck lids. I then towed the carcass to the body shop where the rust is being dealt with and a minor rear end accident that wasn’t fixed properly the first time. That’s been almost 9 months or about 96 man hours = $9000. We’re now moving into the body prep and some of that work overlaps into that total. Paint materials are about $700…so far. Body work included fabricating and welding in a new wall inside the hell hole where the dealer cut it for AC; repaired a section of the ‘A’ pillar where the VIN plate goes and at the bottom around the windshield.; very tedious! Also had the rockers repaired; didn’t need to replace them but also tedious work because we didn’t want them ripped out if not necessary. Replaced a floor section behind the driver’s seat and many little pin holes all over the place from screw holes rusting under the targa rear window molding and all the old AC plumbing holes. We’re about to do the painting so not sure where that number is going to come in, but figuring about another $7500 or so with me helping. When completed, I’ll trailer it all back to my shop and start plugging it all back together again.
Bought lots of misc stuff along the way; gaskets, seal kits, bearings, shocks, brake pads and rotors, caliber rebuild, new targa materials, etc. maybe around $3k there. Zinc plating, re-anodizing the aluminum and re-chroming here and there are probably around $2200. Gas tank rebuild-$600. My second misc parts list is around $2k more. I’m rebuilding the targa top myself and the interior is in great shape from the get go. Seats look and sit like brand new. All I had to do with them was take them all apart and refinish the seat adjusters. I may replace some of the vinyl trim around the windshield frame and targa bar, but it’s elective. Fuchs need to be refinished and new tires. So add in whatever that cost is? I was fortunate the engine already had a top end rebuilt by a known shop, added tensioners and included all new clutch parts. More than likely you’ll need to add that to your to do list.
In case you hadn’t figured this out the parts are as expensive as the cars, so the more complete your car is to begin with the better off you are. Hope this doesn’t scare you too badly but that’s pretty much your budget if you add it all up and start today. I don’t even want to hazard a guess as to the cost of things 2 years from now. The important thing here is you have to love the car otherwise you'll just become frustrated. If its all about the buying then flip it now and save yourself a lot of headaches.
Good luck!
Rob

BTW -- In my post above I was referring to the other thread about the red (originally brown)1973.5 the guy has consigned for $27.5:

http://forums.pelicanparts.com/porsche-marketplace-discussion/803767-thinking-selling-my-73-5-911t-targa.html

I agree with speeder on this car -- it is way worse than the red one. I've seen some amazing threads on Pelican where guys have rebuilt basket cases -- so I'm sure it can be done. But there are much better starting points with cars that also need saving.

I got confused when they moved the threads from the technical to the market place forum.

I thought something changed? Didn't realize it was where the post started and is now.