Is this Nissan Fairlady 240Z project a bargain?

Complete with a potent S20 engine, this Nissan 240Z project is heading to action at a great price. Are you up for the challenge?

The Nissan Fairlady 240Z is an important car in Nissan's automotive history as it was one of the first models to really show the world what the land of the rising sun was capable of. Prior, most Japanese marques built economy cars, but here was Nissan with a sports car to take on the best of Europe and America. Today the 240Z is worth a pretty penny, but if you’re willing to get your hands dirty, this project car is a relative bargain.

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Listed with BH Auctions in Japan, this 240Z has an estimate of ¥3,000,000 - ¥5,000,000 ($27,850 - $46,400), making it far cheaper than many of its counterparts. It’s something of a jigsaw puzzle of parts at the moment, but the bodywork is pretty much all there as is much of the mechanicals. In amongst all of the bits and bobs is one of the most attractive parts of this project in the form of an S20 engine - found in one of the most potent 240Zs and the first generation Hakosuka Skyline GT-R.

Pristine examples of this car can sell for handsome sums, giving its new owner plenty of motivation to bring this model back to life. A perfect 1970 Fairlady Z432 sold for $170,500 at RM Sotheby’s Amelia Island auction in 2017 and there’s currently another waiting to hit the Gooding and Co auction blocks at Scottsdale 2019 - also with a six-figure estimate.

Putting this car back together is no small task, but looking at the images it appears that someone has already done some of the legwork. The fact that the car is in pieces will save you a lot of time, as will the fact that much of the rust appears to have already been cut out of it. The 2.0-litre engine also looks prepared and ready to take up residence in a restored engine bay.

If you’re up for the challenge, this 240Z might be one of the cheapest ways into the four-wheeled icon.

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