burnout88

BizJetTech

iTrader: (3)

Yes- that's a rare car - somewhat rare radio / CD player as well - I'd jump on it if your willing to restore it

chazman

iTrader: (4)

Looks like a great car for the price!

navy02ws6

Going to take a lot of money to bring that one back...but at least it looks to be bone stock, and everything's there. Definitely an ultra-desirable option/color combo though. Price is realistic, but with it needing nearly everything, I'd try and get it at $3,500 or less. A quality paint job, new top, wheels, tires, seats, steering wheel, and carpet are likely going to cost $7,000 alone, and that's just the cosmetic stuff that I can see from those photos.

BizJetTech

iTrader: (3)

IMO - all that will be much more than $7,000

tealman92

Rare for sure. To do the car right 10k plus is what you will spend to fully restore the car. Price is a bit high for the condition. It needs everything on the outside.

BizJetTech

iTrader: (3)

IMO, I dont think $3995 is a bad price - considering what your getting.
But I feel you'll put more like $15K into it after the purchase - if you want a super result.
But for that particular car, it would be worth it.....run the numbers - they did not make many optioned like that!

What does the underside look like??

burnout88

tealman92

Think about this 10-15k plus the 4k to purchase the car. Could you take 19k and go buy a low mile decently optioned vert? Yup.

burnout88

F-body-fan

IMO, that is the exact reason why you can still find so many solid third gens at reasonable prices. There are a lot of dreamer prices out there for cars like this, but very few want to be upside-down in them unless its the one car they want for personal reasons. There was a solid, very original 89 t-top 5 speed tpi t-top car near me this week for 4K with 140K on the clock. was very intriguing, but it was the same deal. If you want it nice, its smarter to find one thats just better preserved because they are out there yet.

Until the day that all the $12 - $18K low mile ultra preserved originals dry up, These caliber of cars will always be held back in value. BUT, if a person is just looking for a solid driver & doesn't care if it has some blemishes & seat covers, cars like this are a great deal. Just depends on what you want out of it. Almost all of us like something a little different from the next I think? However in this section of the forum, most of us are on the same page.

Drew

iTrader: (58)

There's nothing there. Don't get me wrong, it's a cool car, but 130k miles, it's worn out. It needs a full restoration, which would cost more than a 30k mile version of the same car would cost, and the low mileage example wouldn't need a restoration.

The only reason to buy something like this is if you can't afford the 30k mile car, or if you intend to park the car on blocks in climate controlled storage for 20 years and hope that Barrett-Jackson is still a thing in 2040.

BizJetTech

iTrader: (3)

Drew - Try finding a 92 Z/28 Vert 5 speed - there were VERY few made
A car with this low of production - in any condition - is still worth the $$ to restore - IMO
But you are correct - a low mile original is the way to go - but just try finding one !!!

chazman

iTrader: (4)

I agree with all of you guys. This is exactly that kind of car which seduces me, though. Low price, great combo of options, rust free western car. I KNOW spending more on a better car is the way to go, but if I had space I'd have to consider this one!

burnout88

88IROCvertZ

iTrader: (1)

88IROCvertZ

iTrader: (1)

burnout88

BizJetTech

iTrader: (3)

Drew

iTrader: (58)

Except that the car still isn't worth what it'd cost to restore, or what an unrestored version of the car would be worth. It's just not economically viable to spend big bucks restoring a thirdgen. If the car were in mint restored condition, it still wouldn't be AS valuable as it'd be if it were a lower mileage, all original car. It will still be a car with 140k miles on the odometer.

May God have mercy on their soul.

Tootie Pang

iTrader: (2)

For $5K for an apparently all original car like that is worth it to me as a fun daily driver. Body looks straight, top looks good (exc window), interior clean. Powertrain is probably in great shape.

BizJetTech

iTrader: (3)

That is exactly what guys said about the 1969 Boss 429 Mustang and 1969 Z/28 back in 1979......

88IROCvertZ

iTrader: (1)

Drew

iTrader: (58)

A 92 Z28 convertible with an asthmatic 305 is never going to tickle the fancies of successful boomers like the cars you mention. It's not even terribly exciting by thirdgen standards.

Drew

iTrader: (58)

Because they aren't selling.

If the market suddenly radically changed and it did become viable to restore a tier 2 or 3 thirdgen, the value of the the car in it's current condition would rise as well. Which comes back to what I was saying initially... If a person got the car for a typical beater price, and simply preserved it for another 20 years, the value would likely increase just as much in it's current condition as if it were restored. Assuming that people are still paying stupid money for rotted "barn find(s)"... A person could simply tuck the car away and hold onto it until there's a demand, then sell it to someone desiring to do a restoration, or sell it after restoration, but in the current market and reasonably foreseeable future it'd be like burning money. If you enjoy burning money, then there's no problem with that.

88IROCvertZ

iTrader: (1)

ray jr

iTrader: (2)

this one was for sale on craigslist last week .. 92 z28 conv. tpi,leather with 33,000 miles for $8,000 .. i was going to try and go look at it this week but it sold

88IROCvertZ

iTrader: (1)

BizJetTech

iTrader: (3)

It's the 5 speed that makes the black 92 so desirable - nice 91 - 92 automatic verts are more readily available

BizJetTech

iTrader: (3)

Drew - you must have the ever sought after fully functioning crystal ball......

88IROCvertZ

iTrader: (1)

BizJetTech

iTrader: (3)

DREW - Just pullin your chain - I respect your thoughts and opinions on these cars - Plus you give us lots of entertainment with you quick whit -
You are indeed the 3rd gen Guru -

ray jr

iTrader: (2)

ya if it was a stick i would of drove over and got it the same day .. what would a stick conv. with 30-40k miles be going for nowadays or should i say what people are asking for nowadays ?

vinny R

This would be a cool project.... to do nothing with! I actually like this idea. It is not a big investment and if you had the space to just let it sit it would be really interesting to see what it would be worth in 20yrs or so. Because the price is right I don't think you would lose any money right? Just how much will you gain? I don't even think you would need the right person, just the right timing. I wish I had both.

88IROCvertZ

iTrader: (1)

BizJetTech

iTrader: (3)

Guys - it's all about production numbers - there were not many 92 Z vert's built and even fewer with 5 speeds - my guess is less then 400 -
But maybe someone who has the exact number can let us know - anyway, what I've found over the years is the fewer they built, the more in demand
they become and the faster the price increases year to year - My guess is this is one that will appreciate pretty quickly - I agree with Drew overall but like I said,
try finding a 92 Z vert 5 speed - in ANY condition, its a hard one to find.

88IROCvertZ

iTrader: (1)

BizJetTech

iTrader: (3)

I spoke to the seller - the car is sold pending it passes emissions testing - so I jumped in as a back-up
in case that deal falls through - but who knows if the seller would even contact me if his buyer bails out - stay tuned.....

scottmoyer

I found one in less than 5 minutes of searching. Someone above said you won't find a 91 or 92. So here's a 91.

https://www.cars-on-line.com/gen3-ca.../posting/81556

BizJetTech

iTrader: (3)

91 - no problems finding one - now find me a couple 92's

chazman

iTrader: (4)

Wow, what a deal. I'd bet they got it for $7500! I sold my '92, Purple Haze, Z28, vert for $8500 a couple years ago, with about 126K miles.

JoshHefnerX

What's it cost typically to replace a top on one of these?

88IROCvertZ

iTrader: (1)

Abubaca

iTrader: (3)

This is the type of car I've kinda been looking for. I say kinda because my wife and I go back and forth on how much money we're willing to tie up and gamble on. ...not that I want to obscure the thread with my goals, but let's not look at it simply black and white/dollar for dollar.
My goals are:
-I'd like to "save" a car.
-Reasonable purchase price
-5 speed - V8
-Must be driving upon purchase
-Relatively nice options/RPOs (BIG grey area)
While I hope Drew's assessment is wrong, I feel he's probably right. MOST of these cars will NEVER appreciate into the next tax bracket. -Even the so called rare ones. Still....I hope he and I are wrong. I still think the smart money is to NOT gamble. Still...that's what a gamble is all about! My wife and I are discussing how much of a loss we could take to try and accomplish those goals. Assuming it won't sell for what you put into it. Could you go all in for $16,500 including purchase, and sell 15 years from now for $10,000? Wouldn't that $6,500 loss be worth it knowing you saved a car and had 10 years of fun with it? Isn't that worth something? Can you afford to EAT, while spending that $6500 on driving enjoyment? -LOL
Don't we ALL have cars that are ultimately a financial loss? Some of you have immaculate stock survivors which are appreciating, but most of us don't. I have WELL over $30k in mine in the 20 years I've owned it and I doubt it'd sell for $12k. I've never thought of it in financial terms. Why should a SECOND weekend car have to be an investment? Sure, it'd be nice of course. I think just the process holds tremendous value. My wife would like a car she can drive to cruise ins with me in, and my daughter LOVES my Iroc, and wants one. She's only 10, but..... Plus the items my car needs at this point all come with 4 digit price tags. Getting hard to do much more than an oil change without spending lots of money! I think this car is about perfect.

I think we ALL have these conversations in terms of money, yet if that were ultimately the goal, why would any of us be into thirdgens to begin with? I'm not trying to take the feel good hippie high road about enjoying life blah blah blah, -but seriously, if ya like the car, BUY the car. If ya make money great. If ya don't, -who cares. Regardless of which cars appreciate, and by how much, there's no argument (or at least shouldn't be) that thirdgens will never be "investments" short of an extremely rare few.

ray jr

iTrader: (2)

i found one in less than 5 minutes

BizJetTech

iTrader: (3)

Ray - 90% of the cars that you search for on the internet that you "find" have sold long ago - that is the problem with searching for cars on the internet
If you found an all original 92 Z/28 vert 5 speed - that is currently for sale.....please post the link

scottmoyer

I don't know if the following is already sold, but it is a current listings:

https://cars.trovit.com/listing/1992...8.I1gVK1h1m1YL

burnout88

burnout88

scottmoyer

I never even looked at the car. I just found a 92 Vert with a manual and posted the link. Is it the same car? Yes. Did I pay any attention to that fact, No.