1998 Firebird Formula worth?
Formula is tricky, it's less sought after than the trans am, the auto hurts it too. That said you do have a nice color and nice miles.
Kbb is $6500
NADA is $7500
Edmunds TMV is $5000
I think all three of those are full of ****. $8k-$9k is probably more accurate.
Kbb is $6500
NADA is $7500
Edmunds TMV is $5000
I think all three of those are full of ****. $8k-$9k is probably more accurate.
TECH Enthusiast
Joined: Nov 2011
Posts: 587
Likes: 12
From: Connecticut SE shore
If it helps any the first LS1 I considered back in November 2011 was a silver 2002 Trans Am A4 with 48K one owner miles that was superb. It looked closer to 20K miles, including the engine bay. The dealer was asking $11,500 and I was at $10,500. We couldn't get together on price. That's probably a $10K or so car today. And with the 4 additional model years over a 1998, the 2002 T/A is probably worth more even with higher miles than a '98 Formula.
Overall $8K-$10K for your car seems reasonable. Ask $11K. Try to get $10K. And if you have to, accept $9K. It's not easy to find a base model 1998 either. $9K seems sort of cheap for a quality, problem free, 1 owner, non-TTop car. I think they are sort of sleepers. And they have less features to go wrong than the upgraded cars....lighter too which is a big plus to some people. I wouldn't mind one of those with manual windows, seats, and mirrors if they sold such a thing. The automatic doesn't bother me in the least. It just makes the car worth $1K-$1.5K less than an M6.
Overall $8K-$10K for your car seems reasonable. Ask $11K. Try to get $10K. And if you have to, accept $9K. It's not easy to find a base model 1998 either. $9K seems sort of cheap for a quality, problem free, 1 owner, non-TTop car. I think they are sort of sleepers. And they have less features to go wrong than the upgraded cars....lighter too which is a big plus to some people. I wouldn't mind one of those with manual windows, seats, and mirrors if they sold such a thing. The automatic doesn't bother me in the least. It just makes the car worth $1K-$1.5K less than an M6.
Last edited by Firebrian; Feb 4, 2016 at 12:52 PM.
TECH Junkie
Joined: Aug 2006
Posts: 3,915
Likes: 676
From: Western North Carolina
If it's a one owner, stock, garage-kept, and well maintained Formula with records, I would personally pay right up to $10,000 for your car. I don't like 6 speed manuals so the automatic would be perfectly fine to me (and others) with no discount applicable. If there are issues, too many mods, or the car needs tires, etc.. then $10k is too high. I'm giving you a perfect scenario for a stock excellent example of a Formula. Your photo looks very good, and the Goodyear tires are an indication that the owner (you) isn't cheap with his car. Like Firebrian above, I would also ask $11,000 to allow for those negotiations. $13k is a bit too high and I possibly wouldn't even respond to an ad like that with such a wide price spread. Your ad and asking price need to be appealing. Make sure you stress all the positives in your ad. One owner, garage kept, maintenance records, low miles are all HUGE turn ons for many people as long as it is accurate of course. GLWS!!
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Joined: Nov 2001
Posts: 34,631
Likes: 2,553
From: Schiller Park, ILL Member: #317
If it's a one owner, stock, garage-kept, and well maintained Formula with records, I would personally pay right up to $10,000 for your car. I don't like 6 speed manuals so the automatic would be perfectly fine to me (and others) with no discount applicable. If there are issues, too many mods, or the car needs tires, etc.. then $10k is too high. I'm giving you a perfect scenario for a stock excellent example of a Formula. Your photo looks very good, and the Goodyear tires are an indication that the owner (you) isn't cheap with his car. Like Firebrian above, I would also ask $11,000 to allow for those negotiations. $13k is a bit too high and I possibly wouldn't even respond to an ad like that with such a wide price spread. Your ad and asking price need to be appealing. Make sure you stress all the positives in your ad. One owner, garage kept, maintenance records, low miles are all HUGE turn ons for many people as long as it is accurate of course. GLWS!!
A $13k ask would scare a lot of people away I think, I probably wouldn't bother contacting the seller at that price either. $11k would be more reasonable, and I think a final sale in the $8500-10,000 range would be a good, fair target for both buyer and seller. Hard to nail down an exact number without seeing the car in person as not everyone has the same definition of "excellent condition", plus there are some regional value differences.
A hardtop, cloth interior, auto trans Formula isn't the most popular model (most shoppers would be looking more for a Trans Am with T-tops, leather and an M6), so it might take some time to find a buyer. But there are some of us out there who actually prefer a car like yours over the more popularly optioned Trans Ams.
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