How bad is this rust? Options

[1973Porsche]

So I'm on the fence about selling my 914. I discovered that the rust on my car was worse than expected. At this point I'm not sure if I can afford to fix the car properly but at the same time the car does bring me a good amount of joy. I posted these pictures on a 914 page and was told it was bad. Here's what I would like to know. Roughly how bad is this rust? Could I just por15 it and just enjoy the car as is for now? Finally how much do you think it's worth in the current state? Any advice is appreciated

(IMG:http://www.914world.com/bbs2/uploads_offsite/i.imgur.com-14086-1506869080.1.jpg)

(IMG:http://www.914world.com/bbs2/uploads_offsite/i.imgur.com-14086-1506869081.2.jpg)

(IMG:http://www.914world.com/bbs2/uploads_offsite/i.imgur.com-14086-1506869081.3.jpg)

(IMG:http://www.914world.com/bbs2/uploads_offsite/i.imgur.com-14086-1506869082.4.jpg)

(IMG:http://www.914world.com/bbs2/uploads_offsite/i.imgur.com-14086-1506869082.5.jpg)

[DRPHIL914]

this is close to how bad mine was . It is fixable . depends on the shop and their experience with repairs of this magnitude and these cars. also depends on the hell hole and suspension points etc , on how far it goes- mine did not have rust in the upper part in the engine area at the hell hole- it was rot from the bottom so we replaced floor pan on both sides rear 1/4, and then we also had to rebuild the longs and jack points that were so bad that they fell out no triangle left at all on one side!!
My repairs were close to $6000 - and it was done in 2 months - I took it o Chris Foley at Tangerine racing and Ed and his other body guy did the work - now I also had some fender work done and the pedal area replaced so it would have been closer to $5000 for the longs jack points and rear floors - you have to ask if its worth it- I've had the car for 8 years, bought it not running for $2000. - I had already done all the suspension work and replaced the interior etc -

Look at the picture in my signature - that is the repaired jack point and long!

I had 2 choices- Buy a tub that would cost more than $5,000 or for about the same amount fix mine- I chose to keep save mine - its a rare color and now values are worth it- Cost vary depending on time and materials -

Next week my car goes to body and paint and the estimate for this is about another $5000. might be closer to $6000 - so add it up - well I cant because of so much other stuff that happens over 8 years of ownership of a project car - I can tell you initially I only put $1000 to get the car running after the $2000 purchase-
so $3,000 + @$6500 of rust repair and other work and $$6000 for body and paint , that's @$16000 into it and I would have to say I've spent another $4,000 on the
full suspension replacement new 16" fuchs and tires and interior replacement( ive done all the work myself including brakes lines, suspension ball joints and bushings 5 lug upgrade etc and ) and I'm all in for around $20,000.
And by the looks of it it may be a wash at this point but I've said I would not sell the car for less that $25,000 and the recent sales seem to point to it being worth at least that.

But even if it had not appreciated in value as much as it has in the past 5 years I would have done it - I've had that much enjoyment out of it.

I hope that helps - if you love your car, enjoy working on it or just driving it - andyou do need to fix that rust before its too late if you want to continue to drive it- then fix it. OR Sell it for $4-5,000 now and go buy a rust free car to enjoy now.

Dr. Phil

Good Luck!! LOTS of cars way worse off than that here that have been saved!