It's happening again., Somebody slap some sense into me. |
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It's happening again., Somebody slap some sense into me. |
Silver Surfer |
Jul 11 2014, 04:54 PM
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#1
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Not done yet. Group: Members Posts: 134 Joined: 25-July 06 From: Portland, OR Member No.: 6,507 Region Association: Pacific Northwest |
So, I have a potential lead on a complete "field find" 1962 356B that's been parked for the last 19 years in a north east state.
I know. It's insane, and I'm not really a 356 guy. So why am I still thinking about it? Anyone ever taken this leap before? I'm not new to the game. I see the huge amounts of $$$ ($$$$) and work there (provided that it still has some structural integrity underneath), but I also see a really cool story to tell. What do the experts think? |
halmil |
Jul 11 2014, 05:03 PM
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#2
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Member Group: Members Posts: 78 Joined: 20-June 12 From: norcal Member No.: 14,585 Region Association: None |
If it is not a convertible, it is not worth the cost to restore
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bandjoey |
Jul 11 2014, 05:08 PM
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#3
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bandjoey Group: Members Posts: 4,930 Joined: 26-September 07 From: Bedford Tx Member No.: 8,156 Region Association: Southwest Region |
Buy it and flip it
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mepstein |
Jul 11 2014, 05:09 PM
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#4
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914-6 GT in waiting Group: Members Posts: 19,518 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
Attached image(s) |
Larmo63 |
Jul 11 2014, 05:11 PM
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#5
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Advanced Member Group: Members Posts: 4,267 Joined: 3-March 14 From: San Clemente, Ca Member No.: 17,068 Region Association: Southern California |
I found a "garage find" '63 S that I fixed up really nice and sold for a lot more money. If it isn't trash underneath, do it.
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SirAndy |
Jul 11 2014, 05:12 PM
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#6
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Resident German Group: Admin Posts: 41,815 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California |
Buy it. Then buy a cheap Boxster. Then put the 356 shell on the Boxster frame.
(IMG:style_emoticons/default/w00t.gif) |
Silver Surfer |
Jul 11 2014, 05:20 PM
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#7
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Not done yet. Group: Members Posts: 134 Joined: 25-July 06 From: Portland, OR Member No.: 6,507 Region Association: Pacific Northwest |
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Mike Bellis |
Jul 11 2014, 05:20 PM
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#8
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Resident Electrician Group: Members Posts: 8,346 Joined: 22-June 09 From: Midlothian TX Member No.: 10,496 Region Association: None |
If it is complete and cheap... Buy it already. Go outlaw style and you will save on resto costs.
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Silver Surfer |
Jul 11 2014, 05:22 PM
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#9
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Not done yet. Group: Members Posts: 134 Joined: 25-July 06 From: Portland, OR Member No.: 6,507 Region Association: Pacific Northwest |
Buy it. Then buy a cheap Boxster. Then put the 356 shell on the Boxster frame. (IMG:style_emoticons/default/w00t.gif) This is the best response I've gotten yet to this potential opportunity/nightmare. Way to think outside of the box Andy! |
raw1298 |
Jul 11 2014, 05:23 PM
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#10
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Senior Member Group: Members Posts: 616 Joined: 9-March 09 From: Rocklin,Ca. Member No.: 10,148 Region Association: Northern California |
That should buff right out! (IMG:style_emoticons/default/biggrin.gif)
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scotty b |
Jul 11 2014, 06:26 PM
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#11
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rust free you say ? Group: Members Posts: 16,375 Joined: 7-January 05 From: richmond, Va. Member No.: 3,419 Region Association: None |
If it is not a convertible, it is not worth the cost to restore and a 914 is ? (IMG:style_emoticons/default/poke.gif) (IMG:style_emoticons/default/rolleyes.gif) |
scotty b |
Jul 11 2014, 06:30 PM
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#12
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rust free you say ? Group: Members Posts: 16,375 Joined: 7-January 05 From: richmond, Va. Member No.: 3,419 Region Association: None |
get some pics of the underside, wheel wells, battery box and rear seats. those are the MAIN spots. If you want the car it is worth restoring. If you want to FLIP the car, there are few worth messing with unless it is complete (which it appears to be ) and you can get it sub 10K. The replacement metal is no more expensive than a 914, but you have to remember they have on average 20 years longer exposure. Other parts get pricey. Plan on 10k+ for the engine rebuild if it is in decent shape
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Silver Surfer |
Jul 11 2014, 07:02 PM
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#13
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Not done yet. Group: Members Posts: 134 Joined: 25-July 06 From: Portland, OR Member No.: 6,507 Region Association: Pacific Northwest |
get some pics of the underside, wheel wells, battery box and rear seats. those are the MAIN spots. If you want the car it is worth restoring. If you want to FLIP the car, there are few worth messing with unless it is complete (which it appears to be ) and you can get it sub 10K. The replacement metal is no more expensive than a 914, but you have to remember they have on average 20 years longer exposure. Other parts get pricey. Plan on 10k+ for the engine rebuild if it is in decent shape Thanks Scotty. That confirms the direction my thoughts were taking me. I think I could get it for sub 10k and it is complete. Here's the picture that screams "run away" to me the longer I look at it. Check out that door alignment and the rust hole in the wheel well. Seems like 356s and 914s seem to share a common trait of breaking in half when things get terminal in that area: |
zambezi |
Jul 11 2014, 07:52 PM
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#14
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Senior Member Group: Members Posts: 711 Joined: 14-April 08 From: Lafayette, LA Member No.: 8,920 Region Association: South East States |
Buy it and flip it as is. That car is very straight and honest as far as 356's go. It would be an easy sell at 12 -16K if cleaned up a little and staged properly (not in a field with flat tires). Maybe even invest in a COA if it seams like it may be numbers matching. That would add a couple grand right there. It is the T6 body style which is more desireable than the T5 B models. I have done 5 356's so far and none were much better than this. I have never lost money on them either. Of course I know what to do and not to do on these, which is where you can quickly get upside down.
Jim |
wndsnd |
Jul 11 2014, 08:11 PM
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#15
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You wanted a horse, but got a goat. Nobody wants a goat.... Group: Members Posts: 2,861 Joined: 12-February 12 From: North Shore, MA Member No.: 14,124 Region Association: North East States |
Weird place for an antenna.......
They are pricey to restore even without the rust repair. John |
r_towle |
Jul 11 2014, 09:11 PM
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#16
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Custom Member Group: Members Posts: 24,624 Joined: 9-January 03 From: Taxachusetts Member No.: 124 Region Association: North East States |
Buy it.
It can be restored if you have the cash, and you will spend about 30k to do it right, and could sell it for mid 60 and up...very tied to the stock market... Some of the nicer SC cars are over 100k now...easily. If you buy it right, you could flip it for 10k more and walk away smiling. If you do decide to flip it, please let me know first, I suspect we can work a deal out quickly and it would not be my first, so shipping etc will be simple. Rich |
Silver Surfer |
Jul 11 2014, 10:04 PM
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#17
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Not done yet. Group: Members Posts: 134 Joined: 25-July 06 From: Portland, OR Member No.: 6,507 Region Association: Pacific Northwest |
Buy it. It can be restored if you have the cash, and you will spend about 30k to do it right, and could sell it for mid 60 and up...very tied to the stock market... Some of the nicer SC cars are over 100k now...easily. If you buy it right, you could flip it for 10k more and walk away smiling. If you do decide to flip it, please let me know first, I suspect we can work a deal out quickly and it would not be my first, so shipping etc will be simple. Rich I'm seriously considering it now. I'll be back east next month sometime and plan on bringing cash and a trailer along with me when I go to check it out. Really concerned about the underneath as my contact didn't take the best pictures of the important stuff. In the meantime I'll learn everything I can about the model/year. You guys are a great resource! I'll keep your offer in mind Rich if I think I'm getting in over my head! |
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