New member here. Help me make a reasonable offer. (Page 1/1)
AustinGSrider JUN 16, 05:11 PM
Hello,

I am looking into making an offer on a '88 Formula with manual trans. It is in pretty rough shape and currently not running. The owner said he drove it home a few months ago after he bought it and the fuel pump went out. He has a fuel pump but has not installed it. At this point the battery is probably shot. I have not heard it turn over. The owner said that other than the fuel pump it needs a wiper motor.

My question is what would be a reasonable offer?
Dennis LaGrua JUN 16, 05:46 PM
Not running and in rough shape. I'd offer $500-$600 assuming that the rear frame rails are not eroded.

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" THE BLACK PARALYZER" -87GT 3800SC Series III engine, custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Northstar TB, LS1 MAF, 3" Spintech/Hedman Exhaust, P-log Manifold, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, Champion Radiator, S10 Brake Booster, HP Tuners VCM Suite.
"THE COLUSSUS"
87GT - ALL OUT 3.4L Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
" ON THE LOOSE WITHOUT THE JUICE "

sourmash JUN 16, 09:42 PM
Yes, Fieros aren't worth much and there are still bunches out there with low mileage that aren't running.
Even running ones can be had for a bargain.
AustinGSrider JUN 16, 10:21 PM
Thanks for the input. I'm looking for a project and I like the fact that it's a '88 with the V6 and 5 speed. But like you said $500-$600 is about all I can think to spend. Cheers!
Zentaury JUN 17, 10:20 AM

quote
Originally posted by AustinGSrider:

Thanks for the input. I'm looking for a project and I like the fact that it's a '88 with the V6 and 5 speed. But like you said $500-$600 is about all I can think to spend. Cheers!



How much is he asking for the car?
FX JUN 20, 01:49 PM
I agree with Dennis. A car that's not running is a parts car. Dear ol Dad always said "Believe nothing that you hear, and only half of what you see"
cam-a-lot JUN 21, 06:56 AM
Pictures would help. If the frame is rust free and the interior is not worn or warped too badly, I would argue it is worth a lot more than $500 (just my opinion). I would much rather take a car that needs a motor or doesn't run, than a car that is rusted or otherwise worn out.
slammin JUN 21, 08:53 AM
I agree that a non-running car is basically a parts car. It could cost $10 to get it running or a few thousand. Plus you don't know the condition of anything, PS, trans, A/C, brakes, exhaust. I don't understand why anyone would try to sell a non-op car. Locally there are 2 cars that interest me. A 92 Corvette coupe, price before it quit, $7,300 and an 86 Z28, originally asking $3,500. Now both sellers say "I'll take less." Neither would like my "less" offer.
sourmash JUN 21, 10:18 AM
Bulk buys yield better prices, so take the following into account:

(3) 88 project cars were offered locally a few years ago on Craigslist for I think 1000 or so. One was close to running/driving (seems it would start with fuel prime or something) and one had no title.
A group of 3 cars bought a couple of years ago included an '88 glass window chop project and an '87 3.4 DOHC car for $1100 total. Non-runners.
The 87 GT 5 speed w/ 63K miles I bought a few years ago was $400 bought by itself. Had a dropped valve.
An 85 notchie with 4.5 Cad engine sold for $600, running/driving with working A/C. Needed paint and a few odds, but could daily drive it.
A complete '88 GT 5 speed rolling project with a mountain of new 3800SC swap parts/Corvette rotor brake upgrade, new rims/tires, etc sold for under 3K a year ago.