I have found what I think is a good project car. I decided to take a different commute yesterday, and passed by a VW/Audi Repair place, and as usual in New Mexico, there are several VW's parked in the corner of the yard trying to revert back to thier natural state of raw iron ore. In the midst of several early '80's VW Jettas, and a few Bugs, there is a late 70's Audi Fox Station Wagon. Hardly any rust as this is the southwest, and the interior looks to be in fair shape (from what I can see). It has no dents or signs of being wrecked, and looks to be in fair shape overall. Don't know if it runs. Can ya'll give me advice on how much I should offer to buy it for, and what I need to look for, and how easy it will be to restore (I want to paint it 70's signal orange). This car has extreme sentimental value as my mother's first new car that she bought right before I was born was a 70 Fox GTi.

Found out the Fox is a 1978 Fox Avant. It starts, runs, and drives. It needs a new crankshaft bearing, Front shocks, new paint, and a new clutch. How much should I offer for it, and should I even be investing my hard earned money in something like this? I've already restored a 85 4000-S, so I know a tiny bit about the mechanicals.

But there isn't a large community restoring and collectiong Fox's. perhaps the VWs, but not so many Audis. I doubt you would get anything significant for a restored fox, but I personally think it would be awesome.

IIRC these cars are very similar to the early 4000 mechanically. I think they're pretty cool myself, I have an idea to build one in a crazy 70s color with stock trim but hiding a 1.8T. Someday. I have a daily driver Coupe GT and a 200Q hangar queen, so I'll be busy for a while.

WRT price. Foxes had a spotty reputation for reliability (nothing that can't be updated- mainly cooling woes and electrics) so were depressed in value even when they were numerous. It's been about 4 years since I've seen one on the street. That said, "rare" doesn't always equal "valuable" and as I have paid $400 for a running drivable 5000TQ, and $300 is the price which has netted me a running CGT (my roommate, too: his needed a radiator, mine needed a clutch).
I'd say go no more than $300. Leaves you plenty of room for upgrades.