Need pricing help

[Punchmaster]

I know very little about the Fiero, other then it has a reputation for catching fire. Although from lurking in your forums, I've heard it was only the '84. Moving on, my brother has found an '86, and it does not look good. There does not appear to be a front bumper, it's the 4 cylinder, 5 speed, and has been on the market for quite a while. However, the seller claims that it has had the distributor, alternator, factory fuel pump, battery, valve cover gasket, spark plugs, hoses, and wind shield all replaced in the last year, The seller is asking $600 dollars for it, but I feel I could get him down to a lower price. I've been over the ebay listings, and I'm finding that they just aren't selling, and the ones that do sell are all in better condition, and really only sell for an extremely low price. Really, the only reason we are looking at it is to flip it for a quick profit. He has an infant son and another kid on the way, and I have no use for it as I already have a BMW Z3, and don't feel the need to downgrade any time soon. Anything I should know to talk the price down? Or any suggestions on price.

 

[melsg5]

have you looked at www.collectorcarmarket.com ?

 

[Punchmaster]

I had not, no. This does help. How would I determine the value under fair, though? Seriously, this thing is not in good shape.

 

[melsg5]

They show $425 he's asking $600 you may want to price parts at sites like www.fierostore.com

Doesnt sound like a good flip project to me, NADA has a low end price slightly above 1K but your parts may eat up your profit.

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[Punchmaster]

Looks that way. Oh well, I'm not going to lose any sleep over not buying this car.

 

[Oreif]

Fiero's are more of a "cult" car even though it is officially a classic/antique. The folks who like Fiero's will buy them for decent prices. Flipping a Fiero though is not easy. While some can be bought cheap, the money it would take to restore would be more than you could sell it for. Unless you wanted to modify it by dropping is a bigger engine like a V-8 or a 3800 supercharged engine and you found the right Fiero buyer. The car for sale will probably be bought by a person who likes Fiero's and would want to restore and modify for their own use instead of buying it to make a profit.