I am seriously considering buying an 89 formula and wanted to see what the consensus was on price.

Details:
62k miles
5speed
305 with all emissions no "provable" mods (guy blows lots of smoke about cam, chip ect)
hard top

perf mods:
panhard bar
eldebrock catback
offset strut mounts (car was auto-xed)
konis all around
1LE brakes done by previous owner and rear discs

Damage:
minor rust on rear of all wheel wells but not serious (ie no bubbles)
both front and rear bumpers have small (2 inch) tears in the rubber near attachment points. would have to replace both to fix but wouldent get any worse.
the normal 5 foot looking distance dings but looks great from 5 ft out.

Reason for buying:
I want a 5 speed to auto cross and maybe make into a sedan A racer in a year or two.

The guy is advertising 5200 but he says negotiable.
top NADA is 4000, mid is 3400 and I would say the body is in between those two classes with the mileage being well below average.
I was going to negotiate with 4000 being my max.

What do y'all think?

PS connecticuit car

 

it is tpi right? did formulas come with non tbi?

anyway With that many miles and those mods i would say that youd be lucky to go below 4000 but i think 5200 negotable is a good deal i would def try to get him down to around 4500 or 5000

test drive it and make sure the clutch is ok and all that stuff find its im[purities and use that to talk down the price thats what i do and it works!!

 

I know the mileage is great but it does have body defects and the modifications should detract from the price right?

as I said before mint blue book with the mileage figure in IS 4000.

 

it aklso depends one what your looking for and what he likes! if you going for performance the the price is right cause i dont care how my body looks as long as my car is fast


if he is a stickler for looks then you can get him down on the imperfections of the body!

 

lol forget that car and come out to indiana and buy mine..92 TA t-tops, 350. 6speed...i want to get rid of it to get a 92z28
Nikki

 

With the condition of the body the way it is, he either beat the sh*t outta it, or he's lying on the milage. Get a carfax on it first.