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How much should I pay??

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Old Oct 6, 2017 | 10:04 PM
  #1  
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How much should I pay??

I have my eye on a white 1988 convertible with 44000 miles on it.
305 5 SPD car. Grey cloth interior.

Can I please have some input on what would be a fair price for this car?

MUCH APPRECIATED!!
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Old Oct 6, 2017 | 10:05 PM
  #2  
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From: Ontario, California
Car: 1992 Z28
Engine: 383
Transmission: 700R4
Re: How much should I pay??

Depends on what it is and condition. Rs Irocz?
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Old Oct 6, 2017 | 10:20 PM
  #3  
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Re: How much should I pay??

It is not an IROC
Mint condition, no rust at all
All original
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Old Oct 6, 2017 | 10:21 PM
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Re: How much should I pay??

I am not terribly familiar with third gen, but I am pretty sure it isnt a Z28 either..hood is just smooth no louvers or scoops
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Old Oct 6, 2017 | 10:23 PM
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Re: How much should I pay??

Not IROC

Mint condition.

Dont think Z28 either as the hood is smooth, no scoops or louvers
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Old Oct 6, 2017 | 10:27 PM
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Re: How much should I pay??

Think it is an RS
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Old Oct 6, 2017 | 10:37 PM
  #7  
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Re: How much should I pay??

Looks like the one in this picture link

https://www.google.ca/search?q=1988+...G5mTC53O-cisM:
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Old Oct 6, 2017 | 10:58 PM
  #8  
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From: Southern NJ
Car: 1989 Iroc-Z Convertible
Engine: 305 TPI
Transmission: 700R4
Axle/Gears: 2.73:1
Re: How much should I pay??

Need more details. Somewhere between 4k and 20k. 40k miles is low, thats nice.
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Old Oct 7, 2017 | 07:14 AM
  #9  
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Car: 1991 Z28
Engine: 305 TPI
Transmission: 700R4
Axle/Gears: 3:42 Auburn
Re: How much should I pay??

Originally Posted by racingrev
I am not terribly familiar with third gen, but I am pretty sure it isnt a Z28 either..hood is just smooth no louvers or scoops
If you are not familiar with these cars i would not assume it is all original. A lot of things can appear that way and the price these days definitely favors full original examples. With no pics to see for myself and only the low mileage to go by I would say 7-8 grand for an RS.
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Old Oct 7, 2017 | 09:05 AM
  #10  
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Re: How much should I pay??

Here is a picture of the car.
Attached Thumbnails How much should I pay??-file572.jpg  
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Old Oct 7, 2017 | 09:08 AM
  #11  
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Re: How much should I pay??

Believe the current owner is the third. Car in Canada so always garage kept throughout winter season.
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Old Oct 8, 2017 | 09:18 AM
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Re: How much should I pay??

Do you all figure somewhere in the ball park of $10000 is a fair price for this one?
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Old Oct 8, 2017 | 09:21 AM
  #13  
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Re: How much should I pay??

Or Vinny's 6 to 8 thousand suggestion sound more reasonable? The owner is wanting to get 10 for it which sounded kind of high but when I went searching for other examples I had trouble finding any.
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Old Oct 8, 2017 | 09:57 AM
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From: Desert
Car: 1991 Z28 Vert
Engine: 383 single plane efi
Transmission: T-56
Axle/Gears: 8.8 with 3.73s
Re: How much should I pay??

If it were an IROC 305 TPI 5 speed $10,000 would be a fair price. I wouldn't pay that for a run of the mill Camaro. Nothing desirable about this one. The seller will want to make you believe this carries the same value as an IROC or Z28.

Last edited by Tibo; Oct 8, 2017 at 10:00 AM.
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Old Oct 8, 2017 | 10:18 AM
  #15  
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Re: How much should I pay??

Thanks for the input. The 10 k he is hoping for is in Canadian funds, but that still did sound a bit on the high side to me.
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Old Oct 8, 2017 | 10:46 AM
  #16  
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Car: 1991 Z28 Vert
Engine: 383 single plane efi
Transmission: T-56
Axle/Gears: 8.8 with 3.73s
Re: How much should I pay??

Originally Posted by racingrev
Thanks for the input. The 10 k he is hoping for is in Canadian funds, but that still did sound a bit on the high side to me.
Good point, I forgot that. $1000 canadian amounts to just under $8,000 US. So he's on the high side still.
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Old Oct 8, 2017 | 11:10 AM
  #17  
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Car: 1992 Pontiac Trans Am Convertible
Engine: 5.0L 305ci TPI
Transmission: 5 Speed Manual, World Class T-5
Axle/Gears: 3.08
Re: How much should I pay??

If it's really clean and you really like it and it's nearly original and doesn't have any rust, I don't think $10k Canadian is an unreasonable price for any low mileage third gen vert. Especially in Canada, how many are going to be available for purchase in equal or better condition...especially in a convertible body style. See if you can negotiate, but if you really like and want it I don't think you'd feel bad about spending $10k Canadian on that car if it's as clean as you say.
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Old Oct 11, 2017 | 05:45 AM
  #18  
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Car: 91 RS/ 99 T/A/ 72 Vette/ 02 Z28
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Axle/Gears: 4.10's / 3.08/ 2.73
Re: How much should I pay??

If the paint, convertible top and interior are all in very good condition then $8,000 US or $10,000 Canadian is within reason. Expect to do a bit of basic maintenance like fluid changes, belt, maybe tires etc.

I found an excellent one owner RS Convertible with all receipts and records in 2014 for $5600 US. Car had 109,000 miles. Interior good top was fair and the paint need attention. Short version ender up repainting the car. So I'm into the 100,000 ÷ RS for about $14,000 with new paint , new top, new tires and a couple of repairs like fuel pump and rear end. Car is rust free and a real head Turner. Was worth it to me.

Be sure to have a respiratory fund of at least $1500 if you buy car - cause you knew know with older cars - even good ones that are almost 30 years old.
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Old Oct 13, 2017 | 08:42 AM
  #19  
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Re: How much should I pay??

Great thank you all for your input I appreciate it. Looks like I will be going through with the buy! Excited to get a third gen convertible!!
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