I looked at a 89 Iroc yesterday with heavy front end damage, unfortunatly it's unrepairable (frame damage) so i thought i might salvage it's good parts but im not sure if it's worth the asking price. It's a 350 TPI, Mass air, suposedly rebuilt 30K ago, PBR disc rear, pretty worn out interrior, every option though... has hooker headders (rusted badly) and supposedly aftermarket exhaust all the way back (unverified) he wants 1500 for it, i thought 1200 seemed like a more appropriate price... what do you guys think ?

 

I think he should take the 1200 and run.

I'd give 500 tops for it. If the engine was actually rebuilt just 30K ago, he'd have no problem showing you a few reciepts to prove it. Maybe start it for you. Or else, what are you getting? A car with a rusted out, and probably bent exhaust with worn out interior with how many miles?

I didn't hear 1200 worth of anything in your description. Just MO.....

 

If you pay more than $500 than you deserve to be slapped. You can buy a sound thirdgen for a grand. He is offering you a wrecked car, with junk parts. I would personally walk away.
I bought my formula with a 355 TPI and a forth gen rear end for $1000 even.

Find a better car dude, you will thank us later.

 

The reason im looking is because id like to put the 350 TPI in my vert, and i thought the PBR rears were worth alot, it seemed like a good deal if i wanted to swap everything over and sell off the rest to make up the cash, so not such a good deal i guess?

 

$500

 

I saw an 83 Iroc today by work and stopped to check it out...When i walked up, looked inside and read the sign I almost fell down. Car had no interior its stripped to the GAPING rust holed in every single floor panel. The roof line between the tops and hatch was totally gone and someone had repaired it with fiberglass which also was totally gone. The only cool thing is it was a crossfire car with the flapper hood on it, but that was rusted beyond belief...

He was looking for $600 and he needed his head examined.

 

It truly amazes me what some people think stuff is worth. I've seen prices on 3-rd gens (and other cars) on e-bay that just about make you wanna fall over they are so high. It's like,, why did you even BOTHER paying the fee's on something you can't POSSIBLY sell even for what you have the reserve set at? I have horses, I keep track of what different breeds are going for, and I've seen prices for some of them that just make you shake your head and wonder where the seller's head is at!

 

If the car is damaged to the point where the frame is unrepairable I would question the drivetrain as well.

 

well i say "frame" i mean the front support that holds the front fascia is pushed in, nothing hit the motor though, just pushed in the radiator and the fans, but they didnt come in contact with the serpentine. Im working on talking him down id like to get the whole drivetrain if i can. im going over to take a look and grab the RPO's ill snap some pictures for you guys...

 

well put it this way, i bought my camaro from my cousin. it was vaguely similar to urs in the fact that early in its life it had rear ended something and the very tip of the frame was bent. it had the engine pulled, frame torch cut a foot back from the front, steel bolted on, fully repainted, and the engine thrown back in.

My car has NO VISABLE RUST, and i cant find any anywhere else either. The exhaust is a bit rusty . You can see my car in the pic. Engine runs fine, tranny slips a bit. Door panels are off but i have them, they were repinning the doors, and seats are in great shape, NO DASH CRACKS. Guess how much I paid?

600

 

Don't pay more than $500.00

 

500 tops....i've bought running irocs for $500 to strip out and junk the body and they didn't have much damage and had many nice parts on them

 

I don't even know if I could pay 500 for that. I bought one in similar shape for 50 bucks, and just ended up scrapping most of it. I got another one for 800 that I got in, turned the key, and drove away, without any problems with it. 305 TPI with only 15K on a rebuild.

 

As somebody who owns a thirdgen parts business I figure I'd give my opinion. Basically it all depends on what you're going to do with it. From what you've said, I would definitely pay $1200 for it. However, I can make very good money off these cars. If you're looking to buy it to just make some money off of, I would say don't buy it!!! For somebody who doesn't sell thirdgen parts for a living, you're not going to make enough off of it to be worth the hassle. However, if you want to keep a lot of the parts for yourself it's probably worth buying. A running 350 TPI is worth at least $700 bucks with the harness and computer and the serpentine belt system is worth at least another $125. Also, a 3.27 PBR disc rearend is worth about $350. Right there, you're close to the $1200 already so you have almost paid for the car. If you need a few other parts from the car you can sell anything left over for profit.

Basically, I'd look at the car as separate parts (the parts you actually will use). If you can buy the car for less than you could buy the parts separately I think it's a good deal. If you're looking to buy the car just to part out a try to make some money I'd definitely pass. You may still make some money on it but it's going to take a while and $1200 is a bit of a gamble.

I'm actually willing to spend up to $1500 on parts cars but that doesn't happen too often. (I've actually spent as much as $2500 on a parts car.) However, for somebody who's not doing it for a living. I wouldn't spend much more than you would be willing to spend buying the parts you need off of it.

 

Interesting. I have a very similar car to the one in question. Thats a lot of information im going to hold onto. Its been sitting for a few years but still runs and drives under its own power. Car was hit in the rear. Drivers side doesnt close/open very easily. 89 iroc hardtop pbr rear 350tpi 700r4 (fresh rebuild) 2000 stall + shift kit. Headers y and 3in exhaust. Passed smog no prob (in cali) when it was last registered.

Id love to get 1200 for it. But im sure someone could work me down a little.

Didnt mean to jack the thread fyi.

 

500 I think would be right. Mine I got for 850 and it had slight front end damage but nothing that wasn't repairable. And it ran under it's own power too

 

Yea im not looking to make really any money off it, i wanted alot of the parts, and maybe try and get back a few hundered on selling the tranny and some odds and ends, but other than one guy here thinks it's a bad idea....

 

not to be a jerk but its more of a rip then you think because its not even an iroc z car they didnt start making the iroc till 1985....

 

I bought my 88 camaro for $500. Had the 2.8L. It did run just not worth a ****. The body has only minor flaws nothing i cant handle. The interior wasnt bad at all front seats need to be re-upholstered. So that guy needs to be b**** slapped.

 

I think the Moderator was right, BUT the bottom line is, do you want it??? Can you afford it??? If so go for it...If your gonna use alot of the parts, it will be worth it, and just maybe, you can talk him down a little....Alot of times, people get a REALLY good deal on things, and then think that it should be that way all the time, when in reality, they just got lucky, and would never be able to get that deal again..It has happened to me..I got my car for 1200, but have paid more for them, and paid less..Just my 2 cent, Tom

 

I say what the hell. Buy the car and chop it up. You need all those parts anyway. So why not get them all at the same time. Take over a grand in twentys and the car is yours! Have fun Bro!

 

LOL, I totally forgot about that...The car was in such poor condition that wasnt even on my mind.

 

I bought my 89 Iroc (5.7TPI/700r4) with 97k original...also a few small mods. Everything was in perfect condition except for the fact that it had no exhaust, drove it home with no problem came with an extra set of glass all the way around, aftermarket stereo equipment throughout all for 1500 bucks. No way I could see myself paying 1200 for a parts car. I usually try to spend under 800 for a parts car.

 

Are you kidding me, hell no. I have a freshly repainted TA with a rebuilt 305 in it and I can't give it away for $1800. That car is worth about 250 bucks. 3rd gens are not worth much compared to most collectible cars.

 

It's amazing how your location can change the value of cars. Paid $2600 for a V6 near mint w/minor flaws. Has rear quarter repaired/painted but it was done right(click on my garage).
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$1200 seems like a lot for a car with the damage unrepaired. If you take into consideration that you would have to repair it, I would subtract that from the book value of the car and offer it to him...
or put $800 in your pocket and go see him, pull out the cash and tell him that's what you got - if he wants more, let him sleep on it after seeing the bread!

 

ill give you 250. Up here, they sell for at least 3.

 

Before I read the followup posts, I said to myself, "I wouldn't pay more than $500".

Remember that the market segment is going to be narrow, as most people who buy cars expect them to run and drive. If the parts were already removed they could be sold separately, but to take the whole car you need to get it for LESS than what the parts are worth.

I have 3 thirdgens, the one I paid the most for ran and was driven for a year before we did any work to it. we got it for $700. We bought another one for $200 with a bad engine, and my daily driver, an 88 GTA, was $475 with a bad fuel pump and a VATS issue.

I realize that deals like that don't grow on trees, but unless there's a line of potential buyers going around the block, I wouldn't give him more than 500.

 

Dang, this thread is 7 years old. Good lord

 

Probably the only reason the "junior member" brought it back from the dead was to post a couple of spammy links.

 

hadn't even noticed that until you said something.