Is it worth buying an 89 pace car turbo ? There is one locally that has had alot of mods to it and is in show condition. Beautiful car but the bottom line is he will not go lower than $15,000.00 Claims to have 600 HP. Any opinions ? Are they good cars ? Good investment ?
That depends on what you call a good investment. Once it has been modified is it worth anything to a collector? Only if all of the original parts are still there to be replaced, of course that's only my opinion. It may be worth your hard earned cash but I don't think it would be worth mine.
...Ron
--
68' Camaro RS 88' Firebird Formula 00' Mustang GT Vert
Unless it has all the original parts, it's worth zero to most collectors. And, even if the original parts are there, if it's been butchered, it's worth zero because it can't be returned to 'collector' status.
Most of the mods have no clout with a collector and are worth zero.
Cars are generally a BAD investment. If you're buying it with the hopes of flipping it someday to make a buck, the odds are against you in a lot of ways. Invest in a mutual fund instead. LOL.
If stock ones are going for that price, or even more, it should tell you what the real "condition" is.
Bottom line is that I wouldn't be 5 miles from it, no less plunk down 15gs on something with mods like that. Joe--ASE Certified Parts Specialist & 10th Ann.Club Tech Director '80 Carousel Red Turbo T/A, 27k orig. '79 "Y89" 400/4 speed 10th Ann. T/A, 57k orig '84 Olds 88 Royale Bgm 2 dr, 307 "Rocket" (lol), 143k and still going....
I'll go along with Bigifig on this. A modified collector's car is worth less on the market than an original. Sometime the mods are minor, such as different wheels, radio, pulllies. These can replaced if the owner kept the original.
When you get into mods, such as headers. rebuilt heads, trans, suspension. The value is gone.
With that said, the 89 turbo are a hot collectors item because of it's built on the last of the Buick turbo V-6s. Were and always will have high value if kept original.
Now, if your looking to invest. Your better off buying stocks or bonds. For example, the 1979 Trans Am 10 year anni. 4 speed sold for about $ 12K if you could find on then. Today, on E-Bay, a perfect low mileage example will go for around $ 25K to $ 28. If you less out the storage costs to keep something that big for 25 years, Good investment? Up to you.
If your looking to have a fun car to drive, look at the late (98-02) F-bodies. A buddy of mine just picked up a Z-28 6 speed in red with 35K miles that looks show room new for $15K.
Its up to you. One last tip. Something people think what they have is worth more than what it is. Its up to you.
Take care.
I think the turbo car prices are way to high. Because of people buying them as investments. Really a clean 89 Turbo T/A is worth about $7,000 to me. I won't pay more then that for one. Even if they guy promaces to toss in his trophy wife.
I would pay $7000 for a modified one. I probably wouldn't ever sell it either. If I got one, I would modify it a bit. Just enough to have about a
10 second street car.If I could find all the correct wiring, and parts, I would probably take a regular 305 fire bird and convert it to a turbo. Then I wouldn't have collectors bitching. Paint it black, put a gold flamin chicken on the hood, gold painted factor 16 inch mesh wheels, grey interior.. Ect. Charles
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