how much is the 924 worth??

I recently inherited a 1980 Porsche 924 project car. There aren't any dents in the body that I can see, but it is rusted and the paint has chipped off. The leather inside has sun rotted, but other than that the interior is good. It is a manual transmission, with only 24,000 miles on the engine, it has power windows, a sun roof, owners manual, repair manual and all original keys. The timing belt needs replacement and some of the back light covers need to be replaced as well. I'm not sure what else is wrong with it, but it has been sitting for quite some time. I was wondering how much it would be worth as it is. My brother-in-law said I could get $500 for it. Any ideas on its value???

It seems like this car is not worth fixing, and likely should be sold just as a parts car. $500 is pretty cheap for a Porche parts car, but acceptable. The problem here is the cost of transport. Likley there are many Porsche fans around who would pay up to $2000 for a good parts car, but they would not be willing to pay much more to transport it.
Try Ebay first. Hopefully you can sell it locally

You might be able to sell it as a project car, locally, but you would have to find a dreamer to buy it.
Given the engine issues, rust, body work, neglect from sitting and the sky-high cost of Porsche parts may require more than $10,000 to fix right, which is about double what a good running 924 is worth.

your best bet is to try trawling around the net for speciality porsche forums and groups. check in MSN,Yahoo groups Try these searches in google,or yahoo
porsche forums
porsche clubs
Classic car forums

good luck
kikar

Yes, $500 sounds about right...
The 924's aren't worth alot even in decent condition...
Good luck/skill though!

Is you car the early 924, or the 924S? On the early (Audi-engined) 924, a timing belt is not a big issue. However, on the newer 924S, it has an "interference" engine, meaning that the valves collide with the pistons if the timing belt breaks. If this is the case, the repair cost will exceed the value of the car you described.

Another concern with the 924 is the Bosch K-Jetronic mechanical fuel injection. While this system was well-received when new, a twenty-plus year old system is likely to take some maintenance by a knowledgable mechanic. Also be advised that these systems do not like to sit idle for years, so if this is the case, be prepared for some parts replacement. The other option is to convert to Weber carbs (which I did), but this is expensive.

There are kits available if you want to convert to an American engine, but again the cost will be higher than the resale value upon completion.

I am in the midst of a 924 restoration myself, and have learned the hard way that you are far better off financially buying a clean, running, driving, car, than repairing one with engine, paint, and body issues.

I suggest that you go to www.924.org and review the wealth of information there. They have a free "for sale" section if you decide to sell, and a discussion forum if you decide to complete the project.

Best wishes.