Values (Page 1/2)
elgemcdlf OCT 13, 08:33 PM
I am looking for opinions on why Fiero prices are so low. The car is popular and 40 years old. There is an ad in the mall for what looks to be a nice pace car for $3600.. I just can't figure out why they don't bring better money.
Patrick OCT 13, 09:04 PM

Fieros that are in mint condition bring a decent dollar... but restoring a Fiero that "needs work" can get expensive, so purchase prices reflect that.
Kitskaboodle OCT 13, 09:48 PM
One answer is Fiero’s tend to get used and abused and don’t get proper care and love.
Look at all the ads on Craigslist. Most need lots of tlc and few are in really great condition.
Kit
Vintage-Nut OCT 13, 11:18 PM

quote
elgemcdlf:
There is an ad in the mall for what looks to be a nice pace car for $3600. I just can't figure out why they don't bring better money.



You're talking about "Indy Fiero Barn Find on FB Marketplace in Michigan"
Yes, the car is in good condition with ~30k miles and only asking $3,600
BUT it is a 1984 Iron Duke with an automatic......the 'worst' of the Fiero family {in my opinion}.

Did you see "4,522 Indy for sale? Gauging interest..." in 'TheMall' too?
It is a 1984 Iron Duke with a stick, excellent condition with ~4,500 mile on the clock
However, the auction ended with the highest bid at $13,000 but the owner wanted more...

------------------
Original Owner of a Silver '88 GT
Under 'Production Refurbishment' @ 136k Miles

hyperv6 OCT 14, 08:40 AM
Here we go again.

First supply outstrips demand.

Second top condition V6 cars and specific cars with options command more money than 4 cylinder cars.,

Condition matters if you want an original car as often it cost more to restore than they are worth. Parts can ve difficult yo find in good shape.

Finally most good condition V6 cars can be worth more than new. Few 80’s cars have done that. Few car do this let alone get hit great values. Many of the cars today that have are also 20-25 years older.

Just buy what you like. Then when it is not worth anything you have a car you love.
82-T/A [At Work] OCT 14, 03:38 PM

quote
Originally posted by hyperv6:

Here we go again.

First supply outstrips demand.

Second top condition V6 cars and specific cars with options command more money than 4 cylinder cars.,

Condition matters if you want an original car as often it cost more to restore than they are worth. Parts can ve difficult yo find in good shape.

Finally most good condition V6 cars can be worth more than new. Few 80’s cars have done that. Few car do this let alone get hit great values. Many of the cars today that have are also 20-25 years older.

Just buy what you like. Then when it is not worth anything you have a car you love.




My daughter is restoring her 1985 Fiero 2m4 SE 5-Speed... and we're doing about as close to a concourse restoration as we can, while upgrading a few things here and there... and with us doing ALL of the work, minus the transmission rebuild... it's looking like this will have ended up costing close to $25k.

And at the end of the day, it'll still be a 4 cyl... but it'll have Mr. Mikes seats, fully restored interior, and everything will look amazing, and of course, I view it as a learning experience. But 100% to your point.
82-T/A [At Work] OCT 14, 03:50 PM

quote
Originally posted by elgemcdlf:

I am looking for opinions on why Fiero prices are so low. The car is popular and 40 years old. There is an ad in the mall for what looks to be a nice pace car for $3600.. I just can't figure out why they don't bring better money.




I'd also mention though, I'm not sure they are that cheap. These cars are just starting to come into their own, and there are dozens of C4 Corvettes that are all priced around the same price. Most of the Fieros being sold on eBay are through classic car resellers (Gateway Classic Cars, Worldwide Vintage Autos, Streetside Classics, etc.)...

The average price seems to be above $10k... with many of them in the $20k range.

Cars are almost always absurdly cheaper on Facebook Marketplace. That's mostly because people just want to get rid of them quick, there's no obligation or commitment, and none of the stuff you deal with on Bring a Trailer or eBay, for example.


More than anything, the 1980s cars are starting to pick up significantly... but were at their lowest point just before the Pandemic. Next... 90s cars... start snapping them up, because they're going to be getting the next price hike.
hyperv6 OCT 14, 07:57 PM

quote
Originally posted by 82-T/A [At Work]:
My daughter is restoring her 1985 Fiero 2m4 SE 5-Speed... and we're doing about as close to a concourse restoration as we can, while upgrading a few things here and there... and with us doing ALL of the work, minus the transmission rebuild... it's looking like this will have ended up costing close to $25k.

And at the end of the day, it'll still be a 4 cyl... but it'll have Mr. Mikes seats, fully restored interior, and everything will look amazing, and of course, I view it as a learning experience. But 100% to your point.



Yes it is not just the Fiero’s but even many GTO or other cars will cost more to restore vs buy one that is done. I know you did yours to learn and knew the costs. But many people buy a bargain project and spend more than they would for a clean low mile car.

I say if you are restoring you fathers car or your high school car just buy the best you can afford.

Just paint alone is a killer.


I have seen many lose a lot of money.


82-T/A [At Work] OCT 15, 08:16 AM

quote
Originally posted by hyperv6:


Yes it is not just the Fiero’s but even many GTO or other cars will cost more to restore vs buy one that is done. I know you did yours to learn and knew the costs. But many people buy a bargain project and spend more than they would for a clean low mile car.

I say if you are restoring you fathers car or your high school car just buy the best you can afford.

Just paint alone is a killer.


I have seen many lose a lot of money.




Worst example I have is... I bought a 1984 Porsche 944 5-Speed (barely running) which had a rebuilt 2.5 Porsche motor in it.

I bought it for $1,600 bucks.

Over the next year, I basically restored the entire thing... rebuilt the brakes, suspension, fuel system, replaced the entire interior, Blaupunkt stereo system and speakers, everything. I spent $7,000 just on parts (since I did all the labor).

My wife's pregnant, and I immediately sell off half my cars (not something she asked me to do, or we had to do... I just wanted to simplify my life so I could focus on what was important). Put the car on eBay... and sold it for $2,018. Haha. The guy loved it. I picked him up from the airport, and drove it all the way from Fort Lauderdale to Ohio. Said it was the best Porsche 944 he'd ever driven. Great... but I'd just lost like $5k. Haha... oh well.
cliffw OCT 15, 05:49 PM
I, at 65 years old, have come to the conclusion that buying cars is like playing the Stock Market. Some pay off better in the long run, some are better to sell early.

I look at old cars for sale and the prices often, and wish I still had what I sold long ago, or wrecked.

For those with my addiction ... Barn Finds