As most of you know, I recently sold my Lotus and have been searching for another gaping chasm to throw money into. I found this 1968 Fiat 124 two hours away and Peter SV and I went to check it out.

These early pre-1969 Spiders are called AS models and they’re very rare in North America. This one is priced at $1,400, it runs and drives but has major rust voodoo going on.

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Seriously, look at this carnage.

Every fender on this car is a total mess and riddled with bondo throughout. The rockers are also crispy but the floors are miraculously solid. No idea how that happened.

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That said, it does have these super rare and valuable chromadora magnesium wheels. Seller says he has a full set.

After a jump to the dead battery, the Fiat started surprisingly easily and ran smooth once warmed up. I mean according to the gauge there’s no oil pressure but who knows if the gauge is even working.

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On our quick test drive we determined a few things. At least one caliber is dragging, the exhaust has a hole in it and everything else just works fine.

Despite the scary rust, this red 124 is a peach mechanically. It shifts well, brakes work and the interior stuff works too.

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So essentially it’s a mechanically good and structurally questionable rare Fiat Spider for $1,400. What do you think? I’m going to get a quote from my metal guy and base my purchase on that. Hopefully it can work out!