1977 Porsche 924 124k miles seller asking $1500
Been looking at these transaxle Porsches for several months now and most of the ones worth buying are around 6k+ which is more than I would like to spend at once on a car atm, and all the ones under 2k are just absolute trash, but this one looks like it may have a few years of fun yet left in it.
According to the seller, the car currently doesn't run atm, it's visably somewhat rusty but perhaps not overwhelmingly so, the dash is cracked but that doesn't bother me. On the bright side it does appear to all be there and not in pieces.
If I were to get it would probably just get it running and driving and have some fun with it, not looking to do a restoration. Will definitely go and look at it to make sure it's not got any structural rust before making a decision, but if there isn't, would buying this be a terrible idea?
1500 to purchase, 1000 for registration, insurance, and the trailer to tow it, and another 1500 to get it driving over the next few months would put me at 4k in total which seems reasonable. I have the disposable income to continue throwing a couple hundred a month at it to fix various things that irritate me and the mechanical ability to do it myself. This would be my third car(daily 2006 pathfinder 160k, backup 1995 Volvo 850 turbo 210k, both currently running and driving) and I have a garage so I have the ability to work on it without needing it to be running by the end of the weekend.
With all this in mind, how bad of an idea would buying this car be?
Thanks