im about to buy one a Porsche too and I need advice its my first Porsche
the car has been sitting for a couple of months, has power steering leak, dead battery, and the paint is fainted. buying it for $550.0. It will probably not start but im thinking in putting about 1G into it and will run, is that reasonable?
The KBB only goes back to 1992 and in 'fair' condition, which is probably not what that car is as you describe, lists for $4,900. Thats for a running 1992 remember.
http://edmonton.kijiji.ca/c-cars-vehicles-classic-cars-1987-Porsche-944- Hatchback-W0QQAdIdZ416306497............paste that in and you will see one for sale for $3,000...but hey my friend if you want it, it's worth what you are willing to pay, screw all the arbitrary numbers.
It's a Porsche, so its more worth the investment than most 1987 cars. Also they are pretty reliable and rugged, so probably find new fluids and battery will get it running. (Unless it is parked because it had mechanical problems.)
Ditto on Andy. Excellent answer there
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