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Looking for an investment quality example.

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Old Jan 7, 2018 | 05:44 PM
  #1  
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From: Mansfield, TX
Looking for an investment quality example.

I am looking for a 5spd TPI vert or a 350 ASC vert. I will consider a firebird as well as a camaro. Condition is paramount as it needs to be truly investment quality. Bright red is the least preferred, but condition is everything. Willing to pay market value. Not going to pay unrealistic prices. If I was willing to pay those, I would go to a retail dealer. Use your peers valuations as a guide & I will be more than fair. My “Holy Grail” would be a 1988 5sp IROC vert in metallic maroon called flame red.

Last edited by txsilverado; Jan 7, 2018 at 05:46 PM. Reason: More details
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Old Jan 7, 2018 | 06:07 PM
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From: *member since 1999, I think - just can't remember my old name, and the big site crash...*
Car: 89 GTA ASC Conv., Prev: 89 GTA 6.3L
Engine: 5.7L L98 TPI
Transmission: 700r4 Automatic
Axle/Gears: 3.27:1 w/ JG1 Options:B2L, N10, U1A
Re: Looking for an investment quality example.

Good luck w/ the search. I just picked up an ASC 5.7L 1989 and very pleased. Only took over 4 years for closure.
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Old Jan 7, 2018 | 06:15 PM
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Re: Looking for an investment quality example.

I read the details of your post. Pretty car. I was specifically interested in what you paid as I want to maintain a reasonable expectation of what to pay. There is a clean 4X,000 mile red one close to me. However, it’s a bright red 305 auto. Not exactly a rare example.
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Old Jan 8, 2018 | 08:23 PM
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Re: Looking for an investment quality example.

If you want a really good investment, take that money you're planning on spending and buy gold.
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Old Jan 8, 2018 | 08:28 PM
  #5  
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Re: Looking for an investment quality example.

I don’t have as much fun playing with my gold and meeting up with other gold owners to show off my gold. ��Crypto Currency ��
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Old Jan 9, 2018 | 07:26 AM
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Car: 1987 IROC Original Owner
Engine: LB9
Transmission: M39 MM5
Axle/Gears: G80 G92 J65
Re: Looking for an investment quality example.

You should buy this car!

https://www.thirdgen.org/forums/fire...9-formula.html
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Old Jan 9, 2018 | 07:33 AM
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Car: 89 Firebird
Engine: 355 TBI
Transmission: 700R4
Axle/Gears: 10 Bolt.Posi-3.73s
Re: Looking for an investment quality example.

Originally Posted by Sweatlock
If you want a really good investment, take that money you're planning on spending and buy gold.
HAHA you right. Third Gens aren't usually a solid investment unless you are invested in it to drive and enjoy.
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Old Jan 9, 2018 | 06:16 PM
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Re: Looking for an investment quality example.

Exactly, you buy them because you love them & love driving them. And if you buy one that's pristine with low mileage as an "investment", you'll either leave it in the garage and never drive it, or you'll drive it and never recoup your investment.

If you like the cars, I'd suggest getting the nicest one you can realistically afford for the best price & simply enjoy it - it may someday be worth considerably more than you paid for it, but that may be a looooing time in the future. Or you may be completely disappointed with the fickle nature of prospective buyers of classic cars.

In the meantime, have fun.
​​​​​​​
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Old Jan 10, 2018 | 06:28 AM
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From: Newtown, CT
Car: 1987 IROC Original Owner
Engine: LB9
Transmission: M39 MM5
Axle/Gears: G80 G92 J65
Re: Looking for an investment quality example.

There are only a couple of cars I have owned (outside of daily drivers) that I've not made money on, and I've owned well over 100.

That said, driving them is an important part of the experience of owning them for me.
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Old Jan 11, 2018 | 11:29 AM
  #10  
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Re: Looking for an investment quality example.

I think I am one of those fickle prospective buyers Sweatlock. LOL!
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Old Jan 12, 2018 | 07:49 PM
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From: Apple valley ca.
Car: 1988 sport coupe convertible
Engine: 5.0 TBI. LO3
Transmission: Manual 5 speed
Re: Looking for an investment quality example.

Check this one out it’s close to what your looking for.

https://orangecounty.craigslist.org/...433246769.html

I’ve been watching it for a few months myself. But looking for more of a project.
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Old Jan 12, 2018 | 07:57 PM
  #12  
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Re: Looking for an investment quality example.

That’s exactly what I’m looking for with the exception of the 5 speed or 5.7! I will reach out to seller.
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Old Jan 13, 2018 | 07:15 AM
  #13  
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From: pa
Car: 87 IROC
Engine: 350
Transmission: auto
Axle/Gears: 3.23
Re: Looking for an investment quality example.

That car is sweet! I've always been more of a t-top guy myself, but that thing could "convert" me, lol! Good luck in your search!
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Old Jan 14, 2018 | 12:05 AM
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Re: Looking for an investment quality example.

its not a 5 speed but its close to new.. it was at 20k firm last week now it says 24k. only 3600 miles

https://westernmass.craigslist.org/c...433171570.html



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Old Jan 14, 2018 | 12:10 AM
  #15  
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Re: Looking for an investment quality example.

heres a real nice 5 speed iroc but its red and has 77k on it .. only 13,999

https://chicago.craigslist.org/nwc/c...426726978.html



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Old Jan 14, 2018 | 11:40 AM
  #16  
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From: Chicagoland
Car: 1989 IROC-Z. Original owner
Engine: LB9. Dual Cats. Big Cam
Transmission: World Class T-5
Axle/Gears: BW 3.45
Re: Looking for an investment quality example.

Originally Posted by ray jr
heres a real nice 5 speed iroc but its red and has 77k on it .. only 13,999

https://chicago.craigslist.org/nwc/c...426726978.html



That looks like a nice car at a fair price, which makes me wonder what's up with it? Usually, rough, overpriced cars from that dealer.
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Old Jan 16, 2018 | 08:12 PM
  #17  
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From: New England
Car: 1988 IROC Z Convertible
Engine: 305 TPI (LB9)
Transmission: 700 R4
Axle/Gears: G80 GU2
Re: Looking for an investment quality example.

Good luck! I love the flame red and found after years of looking I went with a fully loaded, mint 305 TPI car that had everything I wanted except the stick shift.. I love driving it and looking at it though.. I’ve owned a 350 and a 305 stick shift and it’s really not all that different.. I would definitely check out the car PurelyPMD put up.. that formula is sweet!

Verts in general are rare enough where a 305 TPI Auto will be an investment..

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Old Jan 16, 2018 | 09:09 PM
  #18  
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Re: Looking for an investment quality example.

Originally Posted by ray jr
its not a 5 speed but its close to new.. it was at 20k firm last week now it says 24k. only 3600 miles

https://westernmass.craigslist.org/c...433171570.html



Here is that same car on Ebay. That is a really good looking car and it is rarer than the 1988 model IROC convertible which had 3,671 built that year. Only 1,294 IROC convertibles were built in 1990. This is an investment car in my opinion.

https://www.ebay.com/itm/1990-Chevro...%257Ciid%253A1
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Old Jan 16, 2018 | 10:37 PM
  #19  
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From: New England
Car: 1988 IROC Z Convertible
Engine: 305 TPI (LB9)
Transmission: 700 R4
Axle/Gears: G80 GU2
Re: Looking for an investment quality example.

The year doesn’t matter that much price-wise.. all verts are very rare compared to production.. dealers use the individual year numbers to make it sound more rare but doesn’t matter that much price and condition-wise..

87 25th anniversary is more rare than the 90 Vert and many are flame red and 5-speed.. they pop up a couple times/year.. similar price to all the rest of them..

All the verts bring about the same money..

I prefer 88-89 because they have the updated rims/decals but still have the 80s steering wheel and don’t have the yellow “90s” gauges..
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Old Jan 17, 2018 | 11:42 AM
  #20  
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Re: Looking for an investment quality example.

Originally Posted by 88IROCvertZ
The year doesn’t matter that much price-wise.. all verts are very rare compared to production.. dealers use the individual year numbers to make it sound more rare but doesn’t matter that much price and condition-wise..

87 25th anniversary is more rare than the 90 Vert and many are flame red and 5-speed.. they pop up a couple times/year.. similar price to all the rest of them..

All the verts bring about the same money..

I prefer 88-89 because they have the updated rims/decals but still have the 80s steering wheel and don’t have the yellow “90s” gauges..
Your right about everything you said. The determining factors are the preferences you want in one particular year versus another. I have had my 2 convertibles a 1988 and 1989 for 25 years and I chose them specifically for options, color, and the condition they were in when I purchased them.

The rarity factor didn't play into it as much as what I was looking for in a convertible IROCZ.
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Old Jan 19, 2018 | 10:25 PM
  #21  
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From: Apple valley ca.
Car: 1988 sport coupe convertible
Engine: 5.0 TBI. LO3
Transmission: Manual 5 speed
Re: Looking for an investment quality example.

Totally agree “I prefer 88-89 because they have the updated rims/decals but still have the 80s steering wheel and don’t have the yellow “90s” gauges”.
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