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What's an 88 Formula with 3800sc worth? by smartaxel
Started on: 07-03-2013 10:43 PM
Replies: 18
Last post by: smartaxel on 07-06-2013 10:07 PM
smartaxel
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Report this Post07-03-2013 10:43 PM Click Here to See the Profile for smartaxelClick Here to visit smartaxel's HomePageSend a Private Message to smartaxelDirect Link to This Post
I've got two Fieros for sale in Michigan, but I plan to keep the one that doesn't sell. (I am going down to 1 Fiero only) I have had some interest in my 3800SC 88 Formula but I don't know what these are actually selling for.. so I dont know how to price it. Can you guys chime in with the actual value that it should sell for, or I should ask?

1988 Fiero Formula.
220,000 (or so) on the odometer
Engine has around 114,000
Transmission has something around 85,000
Install done by reputable professional
Fiero Store Steering Rack
Very little rust- any visible was sanded then POR-15d. No structural issues, no scary rust. Underside was free of rust. Only a little was on the framrails and it was sealed
A/C works
Everything works- except cruise which was never installed in swap
Poly suspension
Good tires
Newer Monroe Shocks/Struts
Good interior- very clean
Running and driving. No known problems
No seat rips
Power Windows, door locks, and 88GT map pockets
T-tops (used to leak, have used a silicone ot build up the seals. Still in the process of leak testing, so 50/50 chance)

Bad:
Needs paint. Original paint is "iffy"
Poly engine mounts mean you feel vibrations
Exhaust is professionally done, but it's not quiet- so folks hear you when you give it a lot of gas





[This message has been edited by smartaxel (edited 07-03-2013).]

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sco77
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Report this Post07-04-2013 12:55 AM Click Here to See the Profile for sco77Send a Private Message to sco77Direct Link to This Post
The answer is always whatever someone is willing to pay.

I'd probably only go to around $3000.

------------------
86 Fiero GT 4spd - (pending L67 swap: VS cam, GenV) Build Progress eta: 8/13
98 GTP - Some mods

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PaulJK
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Report this Post07-04-2013 01:53 AM Click Here to See the Profile for PaulJKSend a Private Message to PaulJKDirect Link to This Post
Looks like a Really nice car. Considering that a clean install will cost about $7500 IF you can find one of the few reputable builders with time to even do it AND the A/C is working AND it has T-tops AND it's an 88, i'd think around $8000 or more would be fair. I'd not even consider less than $7500 for mine.

Please do us all a favor and don't give it away. guys blow out their cars at great losses and wonder why fieros don't hold their value. A nice stock GT should bring $3500-$4000. That should make a nice conversion $7500 and up I think ...

[This message has been edited by PaulJK (edited 07-04-2013).]

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bw03
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Report this Post07-04-2013 07:10 AM Click Here to See the Profile for bw03Send a Private Message to bw03Direct Link to This Post
Getting what Paul said would be nice but I doubt it'll sell for that much. Just look at ebay to see what fiero have been sold for or what people have bid on reserve cars that have not sold.
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Steel
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Report this Post07-04-2013 08:39 AM Click Here to See the Profile for SteelSend a Private Message to SteelDirect Link to This Post
Sell it in your yard, if you can.

I sold an 85' GT with 72k miles in very decent condition for $7,500. Also sold an 84 SE with a 4.9 swap for $6000.

I'd never sell a car online again. Maybe my location is lucky.. I don't know, but I couldn't begin to sell them online for those prices.
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gtxbullet
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Report this Post07-04-2013 09:25 AM Click Here to See the Profile for gtxbulletSend a Private Message to gtxbulletDirect Link to This Post
my 4.9L manual swap in an 88 rust free low mile fiero sold for $2300...
a rust free 3800SC swap typically "sells" for between $2500-4500
GT or Formula, T-tops or not.
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BOBBY D
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Report this Post07-04-2013 10:03 AM Click Here to See the Profile for BOBBY DSend a Private Message to BOBBY DDirect Link to This Post
It's worth what some one will pay. That is the most Accurate statement for a Fiero ever.

I have over $8k in my 88 4.9 formula. Great car awesome swap done professionally by joe in michigan. I doubt I could get $5k for mine and it only has 65,000 miles on the car and less than 20k on the engine and tranny.

Bottom line. I like your car but I would only go $3,500 on it. And this is a semi serious offer.

Good luck with the sale. I have a 4 car garage with only 3 vehicles, so I have room. Not sure if I have the sanity for 2 fieros though.
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fieroseblack
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Report this Post07-04-2013 01:02 PM Click Here to See the Profile for fieroseblackSend a Private Message to fieroseblackDirect Link to This Post
PM sent.

Mike Parker
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MulletproofMonk
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Report this Post07-04-2013 01:43 PM Click Here to See the Profile for MulletproofMonkClick Here to visit MulletproofMonk's HomePageSend a Private Message to MulletproofMonkDirect Link to This Post
This is a 88 Formula with a T-Top. These typically bring $3,500-$5,000. I would say throw another $1,500-$3,000 for the swap. If yours was installed by someone professional, I would reason more towards the middle to top (looks like a Darth swap to me just based on the selector). So I guess ball park would be $5,000-$8,000.

Sadly, you could probably get more out of it selling the t-top roller and SC swap separate. I tried to sell an 86 GT for $700 to recoup my money. Ended up parting it, then scrapping it and made almost 25% more that way...

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-Brian

My 87 GT Poly Suspension Upgrade (all pics) thread
Removing the roof panel
My HUD install thread
Isn't it strange that after a bombing, everyone blames the bomber, his upbringing, his environment, his culture, his mental state but … after a shooting, the problem is the gun?

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Report this Post07-04-2013 02:29 PM Click Here to See the Profile for Rare87GTSend a Private Message to Rare87GTDirect Link to This Post
It's only worth what you want out of it and what someone is willing to pay. I got $7,500 out of my 87GT that had a stock 2.8L and 5spd in it. That's what it was worth to me and well I got that out of it. Is it necessarily what someone else would pay? Probably not at all, but hey it's my car and that's just how the tables turned for me. I had the car for over 11 years, put time and effort in it making it a very nice car that someone couldn't have gone out and bought very easily.

It's all what it's worth and how you represent it. If I was sell to my 88 Formula, I would expect get every bit of $20-25k, maybe even more. Someone out there would pay it and want something completely done with nothing else to do than get in and drive it. That's my opinion.

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smartaxel
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Report this Post07-04-2013 02:56 PM Click Here to See the Profile for smartaxelClick Here to visit smartaxel's HomePageSend a Private Message to smartaxelDirect Link to This Post
Thanks everyone! It's quite a range isn't it? I think you really have to have patience and wait for the right buyer if you want a "fair" price. It's hard though.. It's a lot easier to put a few bucks here and there (ending at $10,000) into a fixer-up build car over some years then it is to just shell out $10,000 (or $7,000, or $6,000 etc). . No matter what, you always seem to lose money. I can honestly say I'd never let it go for $3,000 at this point. I had $6500 in mind as a starting price, before posting this thread, but again, didn't even know if that was in line with "reality". I guess it sorta is.

Thanks again everyone for the comments.
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Report this Post07-04-2013 03:44 PM Click Here to See the Profile for ICouldaBeenAV8Send a Private Message to ICouldaBeenAV8Direct Link to This Post
For me, when buying a car with an engine swap I will always pay more for a fully sorted, factory appearing conversion with documentation. People who emphasize that in their ads get my attention and sometimes my money.

[This message has been edited by ICouldaBeenAV8 (edited 07-04-2013).]

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Report this Post07-04-2013 05:08 PM Click Here to See the Profile for DLCLK87GTSend a Private Message to DLCLK87GTDirect Link to This Post
i think that both the original car and the swap have too many miles on them to fetch anything over 5k. the 7k some are saying is wishfull thinking and if somebody offered anything close to that, take it and run. with 200k+ on the body, 100k+ on the motor, bad paint, probably 4k is fair, 5k would be good. If i was the buyer i wouldn't go over 4k. Just my opinion, good luck with it.
Edit to add; course i got my Formula for $550 soooo...

[This message has been edited by DLCLK87GT (edited 07-04-2013).]

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smartaxel
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Report this Post07-04-2013 05:37 PM Click Here to See the Profile for smartaxelClick Here to visit smartaxel's HomePageSend a Private Message to smartaxelDirect Link to This Post
Serious question. On a Fiero. If i replace the suspension, bushings, steering rack, and the rear engone swap, axles and new calipers were installed, whats the difference btw a 200,000 mile car and under 100,000? Although i agree the perceived value of a 200,000 mile car is lower. But physically isnt the 200k one going to be better since all parts are new versus 25 years old?
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Report this Post07-04-2013 11:33 PM Click Here to See the Profile for solotwoSend a Private Message to solotwoDirect Link to This Post
I have seen the 87 GT. Very nice car. He went through it and made it a show car.

Your 88 Formula. I would not take anything less than $6500 for it and that seems a little low considering the swap was professionally done.

[This message has been edited by solotwo (edited 07-04-2013).]

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Report this Post07-04-2013 11:44 PM Click Here to See the Profile for 86GTFastbackSend a Private Message to 86GTFastbackDirect Link to This Post
 
quote
Originally posted by gtxbullet:

my 4.9L manual swap in an 88 rust free low mile fiero sold for $2300...
a rust free 3800SC swap typically "sells" for between $2500-4500
GT or Formula, T-tops or not.


I have to agree with him, I consider a 3.8 swap about 4k, yours is pretty nicely done too. 88 with tee tops makes it a bit nicer, I'd ask 7k, and expect 5-6k.
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Report this Post07-06-2013 02:32 PM Click Here to See the Profile for ICouldaBeenAV8Send a Private Message to ICouldaBeenAV8Direct Link to This Post
 
quote
Originally posted by smartaxel:

Serious question. On a Fiero. If i replace the suspension, bushings, steering rack, and the rear engone swap, axles and new calipers were installed, whats the difference btw a 200,000 mile car and under 100,000? Although i agree the perceived value of a 200,000 mile car is lower. But physically isnt the 200k one going to be better since all parts are new versus 25 years old?


I agree with you. But as a buyer I will hammer you for the mileage. To paraphrase Michael Corleone, "It's business, not personal." I've been on both sides of deals like these and your attitude changes to reflect your interests.

Think of it like your girl breaking off your engagement but keeping the beaucoup expensive ring you bought her (ironically, which you probably purchased by selling one of your Fieros). The ride was wonderful but she departs without returning any of the money invested.

[This message has been edited by ICouldaBeenAV8 (edited 07-06-2013).]

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MulletproofMonk
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Report this Post07-06-2013 09:39 PM Click Here to See the Profile for MulletproofMonkClick Here to visit MulletproofMonk's HomePageSend a Private Message to MulletproofMonkDirect Link to This Post
 
quote
Originally posted by ICouldaBeenAV8:
Think of it like your girl breaking off your engagement but keeping the beaucoup expensive ring you bought her (ironically, which you probably purchased by selling one of your Fieros). The ride was wonderful but she departs without returning any of the money invested.


I understand the analogy, but if the engagement is broken off she has to return the ring. The ring is a part of the agreement of marriage. It has to be returned as it is an unfulfilled contract according to law.
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smartaxel
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Report this Post07-06-2013 10:07 PM Click Here to See the Profile for smartaxelClick Here to visit smartaxel's HomePageSend a Private Message to smartaxelDirect Link to This Post
 
quote
Originally posted by ICouldaBeenAV8:


I agree with you. But as a buyer I will hammer you for the mileage. To paraphrase Michael Corleone, "It's business, not personal." I've been on both sides of deals like these and your attitude changes to reflect your interests.

Think of it like your girl breaking off your engagement but keeping the beaucoup expensive ring you bought her (ironically, which you probably purchased by selling one of your Fieros). The ride was wonderful but she departs without returning any of the money invested.



This is true.. We are capitalist. Look at Walmart.. Bargain for the cheapest price no matter what.

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