Stay away from it. I had a Fiero for a year, and got tired of working on it. Most that I have seen are beat up and wore out, not to mention they are an absolute pain to work on. What do you plan on doing with the car? If you plan on driving it on weekends, they are incredibly fun to drive.. especially with the T-Tops or Targa Top off. Unless you plan on having a project car that will constantly require minor things fixed, leave it alone. The fact that it doesn't have a title should be a huge turn off, especially when it needs a new ignition switch or lock cylinder. There is a reason you no longer see them on the road...
Keep in mind that they are the most unsafe car Pontiac ever designed, and have a tendency to catch on fire/explode upon rear impact. They are uncomfortable, the top will leak, windows/lights are common issues, chassis parts can be pricey, and look forward to power steering leaks. Source(s): Technician/Pontiac Enthusiast
Now granted I can agree buying a $300.00 Fiero that has a busted ignition, missing title and missing rear decklid key isn't a bright idea. I can agree the car is gonna need probably alot of work. But... Unsafe? Uncomfortable? Explode? Oh, and the power steering leaks just takes the cake.
The guys just stupid. Claims to be a Pontiac Tech. Doesnt know there never has been a targa top, and why would they catch fire if hit from the rear. There is nothing flamable in the back unless your carrying gas home for the lawnmower. (I suppose he does know the gas tank is in the middle). I hope hed post what dealer he works for so Id be sure to stay at least a mile away from it. He looks like a geek that wouldnt know a spark plug from a fuel injector too.