This 1969 Porsche 912 is for sale close to Moto Roster HQ and we actually checked it out in person. It's VERY close to being our project car, but not quite so we're sharing it with our audience. Is passing on this Porsche a mistake? Are we crazy to miss out on a numbers matching 912 for less than 15k practically in our own backyard? Let us know if you think we should be towing a U-Haul trailer to Ohio with cash as we speak.
Sitting in a suburban driveway not far from Mid Ohio, this 912 is causing the neighbors some consternation and needs to go. A very kind and patient seller let us crawl around under it on a cold Sunday morning while he surely had better things to do. The seller genuinely seemed to care about the buyer, going so far as passing up an easy sale to a certain Beverley Hills based car buyer.
We didn't get an extensive history, but the seller claims that the engine was running last year but was rough due to a dirty fuel system. The motor looked presentable (including a petrified wasp nest) and turns freely but we would count on replacing the fuel tank, lines, and rebuilding the carbs at least. Sitting on vintage gold Enkei wheels with very old and bald tires, our guess is that this was pulled out of a long storage by the current seller who doesn't have time for the project.
The interior appeared to be generally complete and well worn with stiff leather and prominent springs under the front seats. For our stripped-down driver aspirations it looked like a good starting point as is. All of the doors closed solidly and glass looked good. Paint could be original, or an old respray based on how it is cracking.
So what's wrong, why isn't it in the loving confines of the Moto Roster shop right now? The constant issue, rust. The surface rust doesn't bother us, though it combined with the gold Enkei's probably turns away some buyers. By our estimation, all of the pans need to be replaced along with the rockers at minimum. Some old repair work was already visible underneath, and the biggest hole was under the pedal cluster where a clear view of the pavement was available beneath the carpet. That rust isn't unusual or especially excessive by any means but would definitely be beyond our skills to remedy it. Rust seemed to cover the flanges as well as pans so we'd need to find someone familiar with this type of work to tackle things.
So, what does that tell us? Is a 20k 912 driver possible? Is this the car? Somebody check our math on this.
$13,500 purchase price
$4000 for rust repair (conservative)
$1000 for possible engine / carb work
$300 for a gas tank
$500 for new brakes and lines
$2000 for wheels and tires
puts us at $21,300 without big things like paint, or the many little things that will surely pop up. Add a 10% buffer and we're at $23,430 before we've paid any taxes or paid to get this thing here. Not that far over our 20k target, but that's with "hope everything goes well" thinking and doing everything but the rust repair ourselves. It also pushes the timeline past the summer for when this thing is road worthy We would love to get this project going but we're gun shy on this one.
We have no problem eventually having 30k into this car, but it's a matter of when. We may be ahead of the curve but we feel like we must be at about peak 912 prices so we're worried about putting 10k into a 15k car and having an 18k car. We're thinking we're better off finding a 20k driver that's more or less ready to go as a base point. That line of thinking changes every day though.
Find this 912 on The Samba and tell Peter that Matthew sent you so that he doesn't think he wasted his Sunday morning with us.
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