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Value of 87 Iroc 350

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Old 09-28-2002, 09:57 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
Value of 87 Iroc 350

Today I looked at a 1987 Iroc with 59k miles that needs to be stripped and painted because of a crappy paint job. The rest of the car is solid and staight. Engine runs strong. All the rubber needs replacing and needs dash pad, headliner and general cleanup. He is asking $4700, but I was thinking more like 4K. Am I on the right track or what.

It is an original 350, I checked the vin and RPO codes. It also has t-tops, pw, pl, 4 wheel disks, engine oil cooler, no cruise or rear window defogger. It has the custom interior which is in good shape.

Please comment.

Thanks. Mike Jones
Old 09-28-2002, 10:03 PM
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Car: 99 Formula
Engine: LS1
Transmission: T56
Axle/Gears: 342
I would buy that car in a heart beat for what he is asking.
Old 09-29-2002, 12:51 AM
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In January I bought my IROC for 3500. It is a 350, auto, t-tops, good paint, good interior, new t-top weatherstripping, 4 wheel disc, engine oil cooler, trans oil cooler, with 105,000 miles.

That car you want sounds good, but remember that it needs $1000 in paint (if you are getting a real good paint job). But the relatively low miles would justify the price I think. Of course, try to pay less for it, but his price is fair only because of the miles.
Old 09-29-2002, 01:37 AM
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ummm that car would sell for about 2500$ here if the paint and tires are toast. Our cars have no resale here...
Old 09-29-2002, 07:08 AM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
I have been watching IROCs for a while and $2500 gets you a high mileage 305 TPI with paint or interior work needed. Why would WV bring a lower price?
Old 09-29-2002, 10:00 AM
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Car: 99 Formula
Engine: LS1
Transmission: T56
Axle/Gears: 342
I know when I was lookin for one, I couldn't find a 5.7 under 100k miles for less than $4k.
Old 09-29-2002, 11:41 AM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
One more thing. The guy hit a deer and messed the hood and bent the top corner of the passenger fender where it meets the nose. He has a replacement nose and hood from a IROC that is the same color and just needs to be installed. The front fender will probably be best served to be replaced.
Old 09-29-2002, 11:43 AM
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Car: 84 Z28
Engine: 355
Transmission: 700R4 with corvette servo
seems a little steep to me, but I would have to see the car. I have seen some nice ones on the classifieds for around that price. NICE ONES!!!!!!!!! As in no work needed.
Old 09-29-2002, 11:54 AM
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Car: 99 Formula
Engine: LS1
Transmission: T56
Axle/Gears: 342
Originally posted by mich2112
One more thing. The guy hit a deer and messed the hood and bent the top corner of the passenger fender where it meets the nose. He has a replacement nose and hood from a IROC that is the same color and just needs to be installed. The front fender will probably be best served to be replaced.
Hmm, those fenders can be a pain. grrr.
Old 09-29-2002, 11:56 AM
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Well it's not very straight if it hit a deer now is it?

You need to buy $1000 in paint, $1000 in extras (seals,fender, headliner), all the rubber lines on the engine are likely dry too. You also have to spend the time putting it together.

You have $4000 for the car, plus $2000 to fix it... that's now a $6000 car plus some of your blood.

That car would sell for $2500 to $3000 in Florida.
Old 09-29-2002, 12:34 PM
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If its damaged then it would maybe sell for 2k here. You can get NICE RS's for 2k and nice irocs for 3k. Hell Ive seen a 95 z28 go for 5k here with 80k miles. For some reason camaros dont resale well around here but mustang are a different story....
Old 09-29-2002, 02:27 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
Originally posted by sleeper
Well it's not very straight if it hit a deer now is it?

You need to buy $1000 in paint, $1000 in extras (seals,fender, headliner), all the rubber lines on the engine are likely dry too. You also have to spend the time putting it together.

You have $4000 for the car, plus $2000 to fix it... that's now a $6000 car plus some of your blood.

That car would sell for $2500 to $3000 in Florida.
Yea you are probably right. I wish someone would show me a low mileage 350 Iroc in Virginia for $2500-$3000!

The other car I'm looking at is an 89 Iroc, 305 TPI, no tops, original owner (70 year old), granny gear (2.73), rear drums/15" rims (yawn) in perfect condition with 87k miles.

I could always swap the rear for a 9 bolt BW with 3.42's and disks brakes and build a 350 for it.
Old 09-29-2002, 02:28 PM
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Car: 84 Z28
Engine: 355
Transmission: 700R4 with corvette servo
Originally posted by Mark A Shields
Hmm, those fenders can be a pain. grrr.
POST ****!!!!!!!
Old 09-29-2002, 02:31 PM
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Car: 84 Z28
Engine: 355
Transmission: 700R4 with corvette servo
I would pass on it, like I said, I saw some very nice cars in the classifieds that were priced pretty good. You can do alot better than that. Unless you have plenty of time, you don't want to get somethin you have to do all that work too.
Old 09-29-2002, 05:48 PM
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Car: 1992 Formula Firebird
Engine: 305CID (LB9)
Transmission: World Class T5
Axle/Gears: 10-bolt, 4.10 gears
In my area that car would go for about 2-3K at most. And that would depend on how bad that paint is.
Old 09-29-2002, 09:00 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
Originally posted by 87WS6
In my area that car would go for about 2-3K at most. And that would depend on how bad that paint is.
Earl Scheib.

Cracking and faded. Would have to go to bare metal and repaint.
Old 09-29-2002, 09:05 PM
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Well, damage would affect the price. Taking that into consideration, i wouldn't pay that much for it.
Old 09-30-2002, 08:54 AM
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Rear disk brakes are highly over rated and rediculously expensive to fix when they break. Don't let this be a major selling point for you.

Granny's car sounds more interesting... 91/92 rims are $350 and a new/used diff can be had for $500. Don't listen to all the hype of 305 vs 350... you can make it put out decent power with some work.

A 5 speed and t-tops are a priority for me... are they for you too? If so keep looking. As winter gets closer the prices will start to drop.
Old 09-30-2002, 12:54 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
Thanks...

I'd rather not have t-tops. I like the look of the 16" 5-spoke 87 style rims and I would like a 3.73 gear. One of my friends has a rebuildable 4 bolt main 350 from a late 80's van that has 1.94/1.5 valves that I'm going to rebuild and swap in later.

Rims/tires and gears should be no more than $1500 total.
Old 09-30-2002, 01:33 PM
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Well

If the fender is the only problem and you sit with a good fender, and if it has no hood damage. Just look at all the body does it look like it sits with that low of miles. The interior does it seem to match the miles of it's wear. The engine does everything look in good condition as with that low of miles. To me it seems now days miles is not the key any more for our year cars. It seems like the condition and how well it was kept and what parts was replaced with, etc., you have to go bye what you feel. Of course the price may be a bit high.

Awhile back I seen a 88 Iroc -Z 5.7 t-tops with most power options with front mask damage fender, rear quarter damage and the trans was out. he wanted 400 bucks. I gave him 400 bucks. Replaced the trans with a brand new rebuilt and performance parts in the trans. replaced the rear seal. drained the oil flushed it. Replaced oil. put B&M synthetic in the trans, replaced the brake pads. 2 new air filters. a new battery, and replaced with a brand new reman alt. I got the car in good running condition an sold it. Why I did that was to learn, and most of the parts I got wholesale price. I made a little when I sold it. But the main reason why I did all this was to keep a Iroc out of Pick a Part. It had around 160k on the engine, but it was still strong and the only thing it needed in that dept. was the valve seals. The seats in it were mint. The guy kept covers on them and when I took off the old covers I was amazed to see mint seats like they were never sat in. with 160k.
So no matter what over time any most likely Iroc, You have to put 10 cents back into it for every mile you put. To better the condition 25cent for every mile you put on it over the period, and the miles it has ttl. And that is just a guess. So think about it. And good luck and have fun.
Old 09-30-2002, 01:57 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
The 87 has that "Tim Allen" factor and my need to fix broken / ugly things. I would have to fix the fender or replace, install the nose and hood that the owner is providing. The rest of the car would need to be stripped and repainted in factory 74u (dark red metallic) and stripes and decals re-applied.

Seats are in excellent shape, but need some items in the interior (dash, headliner, plastic piece on upper door panels, general cleanup).

The car need TLC!

The 89 need nothing, but doesn't have all the performance stuff.

Prices are about the same.

87 - owners wants $4700, was going to offer $4000

89 - hoping to get for around $4000
Old 09-30-2002, 04:28 PM
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well

The 87 would be a liltle work for you. But im sure you would enjoy it to learn and experience. I would make a lower offer than 4,000 on the 87 b/c it is a bit high. and there is no proof that car has that low of miles unless he has mechanical records and dates etc. So basing the condition offer less. It's almost like doing a damage report on the vehicle to observe to the owner what it needs to be 4,500 so at the end, you give a fair offer. 4,500 is a bit high for a car that needs paint. So say a paint job is 1,000 minus 500 on his price and you pay the other 500 that makes 4,500 but you paid 4,000 minus other things etc for the car to base 4,000 such as the milage no proof the car is worth low blue book. probably less than 2,400 for sure considering the options it has etc. break it down and figure to the owner why you make the fair offer. If they don't accept then move on don't be down about it. and just keep looking for what best suites you for your money. And of course you would like to find a Iroc 350, but most of the time you find the 305's with less wear and tear, and thats what people end up buying b/c of the condition, of the vehicle. Good Luck and think about things, and do whats best for you.
Old 09-30-2002, 10:40 PM
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Car: 1991 Z28
Engine: 350 L98
Transmission: 700R4
Axle/Gears: G92 - 3.23
New info

I just setup an appt to meet a guy with an 89 Iroc 350. Blue with Tan leather and t-tops for 3k with 135000 miles. He is getting me the rpo codes tomorrow. Hopefully it will have the G92 package . Seats have tears and headliner is gone. Says it runs great and everything works but the cruise. Original radio has been replaced with aftermarket. He doesn't know if its had a repaint, but the clear is delaminating on the hood and trunk. Also has the 16" rims.

More miles, but less $$$. Plan to offer $2500 if the car checks out.

Will keep you updated.
Old 10-01-2002, 01:01 AM
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Now that sounds good

Now thats sounds good, The cruise could not be working due to a few problems. One If you have no mph and the speedo gear is toast cruise control won't work. But that can be fixed and it can be some other issues also, nothing to worry about right now =). So good deal. See if you shop around you can find good stuff. yep have the rpo checked out and be sure there is 350 performance, seats leather can always be fixed or redone =) T-top head liner you can always expect none that are any good at all unless the person put some duckets into the car. If my head liner was bad in my coupe I have this big peice of leather I have dyed black and have Some Nice Iroc-Z logo embraided in by the visor and Camaro by the dome light all in Red but till the money is on the tree the good headliner stays in b/c it's like brand new. Im not sure if it was replaced but when i bought my car the interior was mint and the car still smelled like new. I wish I would of been able to keep it like that, but I guess over time I cant get the interior looking mint again, Im not that far off just need a good cleaning and detail. and keep the car garaged and away from dirty things. So again keep us updated. Glad to hear more choices are coming along.
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