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A little under a year and a half ago I took a look at one of the last vestiges of affordable classic Porsches – the “Poor Man’s” 924. This Bahama Blue Metallic example had covered a scant 39,000 miles under one claimed owner in its lifetime, but also showed a fair bit of age and had some non-original, incorrect paint work. At $6,500 in October 2014, it was too rich by my measure and it appears that I was right, as the car has re-emerged with a slightly lowered $6,000 asking price. Although the market has warmed slightly to the transaxle cars over that time, I still think this is a hard sell but it is a pretty cool alternative to similarly priced Volkswagen Rabbit or early Scirocco models.
The below post originally appeared on our site October 27, 2014:
Just the other day, I caught an episode of the British show Wheeler Dealers involving a Porsche 924. The basic premise of the show, if you haven’t seen it, is to find a classic car, do a light mechanical and cosmetic freshening, and sell the car. While “flipping” usually isn’t appreciated by enthusiasts, this show actually documents how a backyard mechanic can not only find these cars, but correct some of the obvious flaws easily to make a nice running driver. There aren’t many that really appreciate the original base Porsche 924, but in this episode the hosts restored an original 924 and talked about what a fun, affordable project they could be. It’s really amazing; for a car that was originally destined to be a Volkswagen coupe, it ironically probably would have been better valued had it ended up under the banner of its original more pedestrian marque. Find a 1970s Scirocco or Rabbit in clean, mostly original and serviceable condition with low miles and you’d have a bidding war. But we regularly find good condition Porsche 924s; for the most part, no one wants them:
