20k Original Miles: 1967 Porsche 912

Although Porsche developed its reputation founded on producing high-performance sports cars commanding premium prices, it has released more affordable models to increase sales volumes and profits. The 912 was one such vehicle, and this 1967 example appears to be a promising project candidate. Described as “pretty much rust-free,” it has 20,000 miles showing on its odometer. It is complete, needing a new owner to recapture its former glory. The seller has listed the Porsche here on Facebook Marketplace in Waterford, Michigan. You could take it home for $40,000.

Released in 1965, the 912 remained on sale until 1969. It made a temporary return appearance in late 1975 as the 912E, replacing the 914 in North America until the company completed development of the 924. This 912 rolled off the line in 1967, ordered by its first owner in what I believe is Leaf Green. The paint shows its age, with minor chips and marks. However, with no major imperfections, it would be interesting to buff and polish the exterior. The results might be surprising, allowing the new owner to enjoy this classic as a genuine survivor. The seller claims that the car is solid, and if the underside shows nothing beyond surface corrosion, the grinder and welder could stay safely tucked away in the cupboard. I still feel that any restoration should be a rotisserie process, eliminating every square inch of corrosion to ensure the car’s longevity. The panels are straight, and the trim and glass look respectable.

Mechanically, the 912 was standard Porsche fare. It features a rear-mounted air-cooled engine that sends power to the rear wheels via a manual transaxle. The 1,582cc four-cylinder motor produced 101hp and 98 ft/lbs of torque when the car was shiny and new, and while those figures aren’t startling, the curb weight of 2,140 lbs allowed the 912 to hit a factory-quoted 115mph. However, this car has a couple of mysteries that may require clarification. The seller doesn’t state whether it features the standard four-speed transaxle or the more desirable five-speed unit. They also don’t state whether the car runs or drives. However, the bulletproof nature of the drivetrain and simple engineering would make a rebuild pretty easy if it needs work.

Trimmed in Black leatherette, I would describe this Porsche’s interior as reasonable. It is complete, and the only visible addition, beyond a slipcover on the passenger seat, is an FM converter. The upholstered surfaces look tired, and the carpet shows wear. The buyer could leave it untouched if they prefer a survivor or “shabby chic” look, but I suspect that the restoration would include a retrim. Kits to return the inside of this Porsche to a factory-fresh state are available. They aren’t cheap, but if the finished product is treated respectfully, it should look nice for many years.

Regardless of the model designation, most Porsches seem to be solid investment prospects. This is true of the 912, with values for the 1967 model climbing faster than the market average. Whether the seller’s asking price is justified depends on what hides below the surface. If it is as solid as they suggest, the lack of significant rust would make a restoration relatively straightforward. I would still view a nut-and-bolt approach as the most appropriate, helping to ensure that it remains around for another six decades. Do you agree?