Quote:
Originally Posted by
borderline 
Thinking about a mid/late '60's 912. Anyone have any experience with these? Seems like a decent entry-level Porsche. Not interested in doing too much in terms of restoration, but could something like this be picked up for say $15K and be decent? What am I going to be looking for in terms of warning signs, other than the typical rust/tranny/compression issues? Don't need a show car but don't want any big projects either.
The 912s are nice, but prices for nice ones are being dragged up by the surge in early 911 prices and the Europeans exporting them. Minters are going for $20k or more now. They use the same engine as the last 356s so there's no real savings in running cost, but some people swap in a tuned VW engine for more power and easier maintenance. Because the body and interior is the same as the early 911, any rust repair or restoration work is going to run the same as a 911. The typical 912 has 3 gauges and 4 speeds, the most desirable have the 911 5-gauge setup and 5-speed transmission. The 912 handles well but they were slow back in the 60s; nowadays there are faster riding mowers.
As far as running one: the engine is good for 120k-150k miles well-maintained, and a rebuild is $12k-$15k depending on your market and who's doing the work. the transmissions last about 100k and run about $1200 to rebuild. These are old technology engines, so plan on much more frequent oil changes using dino oil instead of synthetic, doing actual tune-ups, fiddling with carbs. Some small bits are getting hard to find, so prices are going up - the correct engine grills, front signal lenses, hubcaps, interior door pockets, certain types of seats.
I like the early 912 and have come close to buying one a few times over the years. What stops me is the persistent dread that the second I shell out for a nice 912, I'll find a nice early 911 for close to the same money. In the end, my dream car is a swb 911 coupe, black with red or tan interior.