10K original miles T-top formula (Page 1/2)
formulaWA MAR 21, 10:10 PM
An original 10,000 mile T-top 5 speed Formula. I would buy this if I didn't have a yellow one.

Red T-top

[This message has been edited by formulaWA (edited 03-21-2022).]

Patrick MAR 22, 12:14 AM
$27,752

This Fiero has been listed for 111 days... and they've dropped the price a whole $100

I don't know why the ad states the mileage as 123 multiple times when the odometer clearly shows 10,565 miles.

The 5-spd Manual transmission is also listed as an Automatic 3-Speed in one area of the ad.



[This message has been edited by Patrick (edited 03-24-2022).]

reinhart MAR 23, 09:28 AM
Weird. What happened to the gauges? Those aren't 88 V6 gauges in the middle of the instrument cluster. Makes me a little suspicious seeing the instrument cluster has been messed with. Who knows if the odometer was disconnected or swapped or? The car does look mint though.
reinhart MAR 23, 09:29 AM

quote
Originally posted by formulaWA:

An original 10,000 mile T-top 5 speed Formula. I would buy this if I didn't have a yellow one.

Red T-top




You would buy a formula for $27K?
Dennis LaGrua MAR 23, 05:02 PM

quote
Originally posted by reinhart:


You would buy a formula for $27K?



Answer: Who? Someone that doesn't know better. The price is outrageous.

------------------
" THE BLACK PARALYZER" -87GT 3800SC Series III engine, custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Northstar TB, LS1 MAF, 3" Spintech/Hedman Exhaust, P-log Manifold, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, Champion Radiator, S10 Brake Booster, HP Tuners VCM Suite.
"THE COLUSSUS"
87GT - ALL OUT 3.4L Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
" ON THE LOOSE WITHOUT THE JUICE "

formulaWA MAR 24, 07:55 PM

quote
Originally posted by reinhart:


You would buy a formula for $27K?



I should have been a bit more specific. I would consider buying it if it checked out and the price was considerably more reasonable. I paid 10k 4 my mint all original 14k miles yellow T-Top formula which I considered a very reasonable price...
reinhart MAR 24, 10:11 PM
The $27K is what mint 88 <1Kmi GTs are going for. $20K would be fair for 10 Kmi GT. For a formula it should be about half to 2/3rds a GT so $10-$16 I would estimate.

[This message has been edited by reinhart (edited 03-27-2022).]

Skybax MAR 26, 02:10 PM
I know I have touched on this subject before, and I have to be careful of what I say because of my occupation, but many or most of these "classic car dealers" have a simple business model, which is to ask double what Fair Market Value is, because you can't use the term "worth" because the same car is worth more or less depending on the individual. Fair Market Value is a bell-curve showing what the majority of people would be willing to pay for any vehicle. So for example, I evaluated a late 60's Chevelle SS396 convertible last week for $60k, claimed to be restored and numbers matching. Long story short, both doors were very difficult to open, body gaps terrible, original suspension not restored, loose dash, half electronics didn't work, engine vin was a re-stamp, and so on. Basically it was a $30k pos at best.

These establishments get cars from everywhere and anywhere, some are smart buyers and some are not, some are floor plans some are owned outright, some are backed and some are consignment. They often have both nice cars and crappy cars in their inventory, but the one thing that remains consistent is the price/greed, anywhere from 50% to 100% above FMV, and why smart buyers avoid these places. That's why these places popped up like pizza shops all over the country the last 10 years, because the guys in the car business with small profit margins figured out there was a ton a money to be made on these old cars because there is no oversight like there is with late model vehicles. Basically marking them way over market value, dominating the classifieds with false perceptions, making $10k to $20k on a flip doing minimal work, claiming its a #2 car when in reality its a #4 car, selling that old unsafe pos to some poor sob who has been waiting for decades to buy their dream car, and its not even safe for the road, with zero remorse or accountability. How do I know? Because I investigate the fraud in this industry every week, its bad and its sad.

Anyone is better off buying an old specialty car from a private seller/enthusiast who has owned the car for a long time and avoid these places if you can.

[This message has been edited by Skybax (edited 03-26-2022).]

reinhart MAR 27, 08:34 AM
30 years ago, pre-internet that might have been a big problem. However, even the laziest buyer, using egay, can just do a search and check the auction prices of past sales (comparables).

There should be no difference between how much one would pay from a private party or a "dealer". Especially with a low mileage car. Anyone dumb enough to pay double because it's being sold by a dealer deserves to part with his money.
fierogt28 MAR 27, 09:56 PM

quote
Originally posted by Skybax:

I know I have touched on this subject before, and I have to be careful of what I say because of my occupation, but many or most of these "classic car dealers" have a simple business model, which is to ask double what Fair Market Value is, because you can't use the term "worth" because the same car is worth more or less depending on the individual. Fair Market Value is a bell-curve showing what the majority of people would be willing to pay for any vehicle. So for example, I evaluated a late 60's Chevelle SS396 convertible last week for $60k, claimed to be restored and numbers matching. Long story short, both doors were very difficult to open, body gaps terrible, original suspension not restored, loose dash, half electronics didn't work, engine vin was a re-stamp, and so on. Basically it was a $30k pos at best.

These establishments get cars from everywhere and anywhere, some are smart buyers and some are not, some are floor plans some are owned outright, some are backed and some are consignment. They often have both nice cars and crappy cars in their inventory, but the one thing that remains consistent is the price/greed, anywhere from 50% to 100% above FMV, and why smart buyers avoid these places. That's why these places popped up like pizza shops all over the country the last 10 years, because the guys in the car business with small profit margins figured out there was a ton a money to be made on these old cars because there is no oversight like there is with late model vehicles. Basically marking them way over market value, dominating the classifieds with false perceptions, making $10k to $20k on a flip doing minimal work, claiming its a #2 car when in reality its a #4 car, selling that old unsafe pos to some poor sob who has been waiting for decades to buy their dream car, and its not even safe for the road, with zero remorse or accountability. How do I know? Because I investigate the fraud in this industry every week, its bad and its sad.

Anyone is better off buying an old specialty car from a private seller/enthusiast who has owned the car for a long time and avoid these places if you can.




Thanks, your exactly right Skybax. Buy from a private seller or enthusiast is the way to go.
Those are the people who most likely know the history of the car, more than these dealer bought
vehicles that have no knowledge on the car or history.
Their just there to make a profit. No care for the customer. And no interest either.
Its sad that this mentality today has become the way to do business.
------------------
fierogt28

88 GT, Loaded, 5-speed.
88 GT, 5-speed. Beechwood interior, All original.

[This message has been edited by fierogt28 (edited 03-27-2022).]