1989 IROC 344 original miles - Third Generation F-Body Message Boards

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1989 IROC 344 original miles

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Old 10-10-2018, 04:41 PM
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1989 IROC 344 original miles

I have first shots on this car. Original owner no rain No snow.

350 Auto Red

What is it worth?
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Old 10-10-2018, 05:04 PM
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Re: 1989 IROC 344 original miles

What options?

Any pictures?

Overall condition? While I realize it's got stupid low miles, that doesn't always translate into having been stored properly.

Hagerty currently shows a #1 "Concours" average valuation at $29,700...but I'm not completely confident that figure is accurate.

Their current valuations: for a 1988 L98 IROC-Z:

#1 Concours $29700
#2 Excellent $22500
#3 Good $15400
#4 Fair $11,400

Add 10% for T-tops.

Noticed your username, and pic...did you work at Norwood? My uncle worked there for decades--his name was Bobby Gosnell. I used to pester the daylights out of him asking questions about the thirdgen.
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Old 10-10-2018, 05:31 PM
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Re: 1989 IROC 344 original miles

More than a breadbox, less than the national debt.

Check NADA Collector value. Crosscheck with completed listings on Ebay, and divide by Barret-Jackson to get hypothetical value. Or just look at the car in question, and try to forget about it for as long as possible. When you can't stand another sleepless night tossing and turning in bed, kicking yourself for not buying it already, get with the seller and whatever you can agree on and can afford, is the fair value.

Simple. Right?
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Old 10-10-2018, 06:14 PM
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Re: 1989 IROC 344 original miles

What do you do with a car like this???
Put it in your living room and look at it?
IMO, cars like this are useless - you cant drive it, you cant sell it because your going to pay an
uber high price to acquire it and therefore it will be years of sitting on it before it goes up
in value enough to make a profit - meanwhile it starts to deteriorate due to non use, not to mention
the storage issue you have - you better have a fully climate controlled facility for this car....it goes on and on
If you cant drive it and enjoy it - why own it ?? IMHO
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Old 10-10-2018, 06:30 PM
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Re: 1989 IROC 344 original miles

Cars like this are cool but how do they even exist?? Who thought to buy a thirdgen new and never use it? Or who has enough money to buy a new car and never drive it? Just seems crazy to me.
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Old 10-10-2018, 06:31 PM
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Re: 1989 IROC 344 original miles

This is the kind of car I didn’t want.. exactly BizJetTech.. You pretty much have to buy it and sit on it..

Also storage is a concern.. I saw an IROC with 3000 Miles that looked pretty bad underneath.. had a budget repaint and the interior was dingy with a faded steering wheel.. Would have sworn it was 103k Miles.. The original owner passed and his wife put the car outside for years unfortunately..

What good is a premium on a low mile car that looks old and worn..
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Old 10-10-2018, 07:06 PM
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Re: 1989 IROC 344 original miles

I totally agree with BlizJetTech. If I spend $ on something I like to use it. I would be scared of this car.
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Old 10-10-2018, 07:21 PM
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Re: 1989 IROC 344 original miles

Agreed on usage. I think these are just awesome to observe kinda in a 20 car climate controlled garage with security out front fantasy. Throw this in there too.
http://www.autotrader.ca/go/19-10780309
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Old 10-10-2018, 07:22 PM
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Re: 1989 IROC 344 original miles

Technically it’s still under 400 miles so under the rules for GM factory evaluation testing this car would still qualify as “new” with 344 miles on it.

its a hard top. Original sticker was $18k and some change

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Old 10-10-2018, 08:10 PM
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Re: 1989 IROC 344 original miles

I tend to agree. If it’s so nice it can’t be driven, what’s the point?

I had a 1964 Galaxie 500XL for nearly 20 years. Bought it from the original owner for a song, 30,000 miles. Everywhere I went, I got the same advice...”you shouldn’t drive that, you should save it, and one day it will be really valuable”. Best advice I never took. I drove that car for over 200,000 miles, and enjoyed the daylights out of it. Sold it for slightly more than I paid for it. Sold it nearly 20 years ago, and my wife STILL mentions that car, and how much she misses it. I doubt she or I would remember it more fondly had we simply stared at it for 20 years.

Same with my ‘88 L98 IROC. I’ve driven the daylights out of it over the past three years. I have a 1993 LT1 Corvette I bought in January (85,000 miles) that’s getting an average of 500 miles or so a month on it.

The irony is, I know more about what it’s like to drive an IROC than some people who’ve owned one for 30 years, because it’s out on the street at a minimum 3-4 times a week. Is it worth a lot? Probably not...but I bought it to enjoy...if I wanted something pretty to look at as an investment, I’d have bought a painting.



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Old 10-10-2018, 08:15 PM
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Re: 1989 IROC 344 original miles

Pics would be great, Phil. But I'd have to drive it at least a little bit.
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Old 10-10-2018, 09:25 PM
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Re: 1989 IROC 344 original miles

Sure thing...I will be going to see it this weekend.
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Old 10-10-2018, 10:06 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Technically it’s still under 400 miles so under the rules for GM factory evaluation testing this car would still qualify as “new” with 344 miles on it.

its a hard top. Original sticker was $18k and some change

its a hardtop , thats a bonus .. thats gotta be a 30k car
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Old 10-10-2018, 10:25 PM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Sure thing...I will be going to see it this weekend.

Best of luck! Take lots of pictures.
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Old 10-11-2018, 08:58 AM
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Re: 1989 IROC 344 original miles

Originally Posted by Galaxie500XL View Post
I tend to agree. If it’s so nice it can’t be driven, what’s the point?

I had a 1964 Galaxie 500XL for nearly 20 years. Bought it from the original owner for a song, 30,000 miles. Everywhere I went, I got the same advice...”you shouldn’t drive that, you should save it, and one day it will be really valuable”. Best advice I never took. I drove that car for over 200,000 miles, and enjoyed the daylights out of it. Sold it for slightly more than I paid for it. Sold it nearly 20 years ago, and my wife STILL mentions that car, and how much she misses it. I doubt she or I would remember it more fondly had we simply stared at it for 20 years.

Same with my ‘88 L98 IROC. I’ve driven the daylights out of it over the past three years. I have a 1993 LT1 Corvette I bought in January (85,000 miles) that’s getting an average of 500 miles or so a month on it.

The irony is, I know more about what it’s like to drive an IROC than some people who’ve owned one for 30 years, because it’s out on the street at a minimum 3-4 times a week. Is it worth a lot? Probably not...but I bought it to enjoy...if I wanted something pretty to look at as an investment, I’d have bought a painting.





Nice car!!! I try to drive the toys as much as possible spring to fall. Unless it's raining or going somewhere not toy friendly I will enjoy them.
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Old 10-11-2018, 10:39 AM
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Re: 1989 IROC 344 original miles

A friend in the Dallas area sold this '87, L98, G92, leather, Bose, with Gatorbacks, 6,500 mile IROC for $25,500 this past Summer through an Ebay auction. BTW it's your money...do with it as you wish.


Last edited by GASPEDDLER; 10-11-2018 at 10:43 AM.
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Old 10-11-2018, 01:08 PM
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Re: 1989 IROC 344 original miles

That’s a beautiful car!
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Old 10-11-2018, 02:04 PM
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Re: 1989 IROC 344 original miles

I'm not sure of the value but sounds like it should be a super nice car.. Good luck!
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Old 10-14-2018, 06:44 PM
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Re: 1989 IROC 344 original miles

Originally Posted by Galaxie500XL View Post
I tend to agree. If it’s so nice it can’t be driven, what’s the point?

I had a 1964 Galaxie 500XL for nearly 20 years. Bought it from the original owner for a song, 30,000 miles. Everywhere I went, I got the same advice...”you shouldn’t drive that, you should save it, and one day it will be really valuable”. Best advice I never took. I drove that car for over 200,000 miles, and enjoyed the daylights out of it. Sold it for slightly more than I paid for it. Sold it nearly 20 years ago, and my wife STILL mentions that car, and how much she misses it. I doubt she or I would remember it more fondly had we simply stared at it for 20 years.

Same with my ‘88 L98 IROC. I’ve driven the daylights out of it over the past three years. I have a 1993 LT1 Corvette I bought in January (85,000 miles) that’s getting an average of 500 miles or so a month on it.

The irony is, I know more about what it’s like to drive an IROC than some people who’ve owned one for 30 years, because it’s out on the street at a minimum 3-4 times a week. Is it worth a lot? Probably not...but I bought it to enjoy...if I wanted something pretty to look at as an investment, I’d have bought a painting.



Great looking car but IIRC Maui Blue was never offered on IROCs.
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Old 10-14-2018, 07:17 PM
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Re: 1989 IROC 344 original miles

True..in fact, the RPO indicates the car was originally black..

However, I wanted an original L98 car, and the previous owner had gone to unusual lengths to paint the car blue. It had been completely disassembled, including the engine bay, and painted correctly. There’s nothing visible that shows the original color, even under the door panels. Since I was buying it to drive, and such a nice job had been done with the paint, I was OK with the car being Maui Blue.
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Old 10-14-2018, 07:51 PM
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Re: 1989 IROC 344 original miles

Originally Posted by Galaxie500XL View Post
True..in fact, the RPO indicates the car was originally black..

However, I wanted an original L98 car, and the previous owner had gone to unusual lengths to paint the car blue. It had been completely disassembled, including the engine bay, and painted correctly. There’s nothing visible that shows the original color, even under the door panels. Since I was buying it to drive, and such a nice job had been done with the paint, I was OK with the car being Maui Blue.
I think it looks fantastic. Always thought an IROC would look good in Maui Blue, now I know it does. The decals are the right color for the paint color.
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Old 10-15-2018, 05:14 AM
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Re: 1989 IROC 344 original miles

Car is 100% legit and I have made an offer. Offer is contingent on the owner locating the original title which he misplaced in his files inside his house..
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Old 10-15-2018, 05:17 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
Car is 100% legit and I have made an offer. Offer is contingent on the owner locating the original title which he misplaced in his files inside his house..
Congratulations!

I’m assuming if they can’t find the original title, they could apply for a replacement?
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Old 10-15-2018, 09:12 AM
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Re: 1989 IROC 344 original miles

I would rather not have a blemish on the Car Fax if it can be avoided.
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Old 10-15-2018, 11:20 AM
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Re: 1989 IROC 344 original miles

Originally Posted by CPC Norwood View Post
I would rather not have a blemish on the Car Fax if it can be avoided.
Good move.
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Old 10-15-2018, 12:50 PM
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Re: 1989 IROC 344 original miles

Owner should be able to file for a replacement title from the state without incurring the wrath of the Carfax. Not like it really matters though since Carfax isn't entirely infallible, and it's not like a 350 mile car is ever going to be licensed, titled, driven...
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Old 10-15-2018, 01:14 PM
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Re: 1989 IROC 344 original miles

Originally Posted by Drew View Post
Owner should be able to file for a replacement title from the state without incurring the wrath of the Carfax. Not like it really matters though since Carfax isn't entirely infallible, and it's not like a 350 mile car is ever going to be licensed, titled, driven...
True - but for all collectors that purchase a car and dont get a title in their own name - keep one thing in mind....
A title issued by your state of residence is the way to prove ownership - ask your insurance company -
generally, they will not cover any type of "loss" unless you have a state title in the name of the insured owner,
and the title is the only acceptable proof of ownership - a hand written note on the back of a napkin is useless.
I always have the seller sign an official bill of sale and have it notarized as well - but lawyers tell me the State title
in the owners name (with the VIN of the car) is the only official "proof of ownership"
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