Corvette Buffs please check in

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Found a beautiful 1982 Corvette, red over red interior. I owned a 1979 L82 for ten years so I am not completely in the dark here but checking around on the internet shows the '82 to have the (then brand new) 4 speed 700R4 trans and twin throttle body (crossfire) 350 engine.

Wikipedia describes the trans as a first year problematic typical GM thing and googling the engine leads me to believe that this fuel injection is quite problematic as well.
Is this just internet hysteria or should I fold these issues into a purchase price offer? It is offered by a Corvette enthusiast that has 6 door garage full of Vettes ranging from a first year Blue Flame to a brand new ZR1 with stops at a 1963 split window 4 speed coupe, a 1959 4 speed vette, a 1980's Porsche 911 all wheel drive, 1965 GTO automatic, late 80's Jaguar, a Model A and a replica Ford Cobra.

When I first saw the car, it was parked in front of what I thought was a small storage facility. Turns out this is where this guy keeps his collector cars. Nice guy and he has offered to put the car on the lift that is in this facility for my inspection.

The car is all there; 59k miles, clean as a pin with fading of the interior carpet the only real flaw. Was painted 5 years ago (according to him) and still looks new. Car spent it's whole life in Kemah, Texas until he bought it 4 yeas ago and brought to Humble, Texas. Basically not a scratch on it. Very Nice correct survivor car that he has priced at $17,500 OBO. Car starts right up and he offered a test drive which my wife might take him up on. Thinking of offering him $16k so there is some $$$ left over if the trans gives it up or I have to buy the tools necessary to repair the Crossfire injection.

What do you think? Thanks for your time guys!
 
You can definitely find a great C5 for around the same price as that 82, so I would pass on it. My first Corvette was an 84 model, which I bought back in 1991 and it had the same Crossfire engine and 700R4 trans. That Crossfire engine never ran smoothly, it always had an annoying hesitation even after a full tuneup. And the trans had this annoying problem where it would shift into 2nd gear and then immediately shift into 3rd and the engine would bog down. I'd have to manually hold it in 2nd gear longer in order to avoid that, it was incredibly annoying.
 
The '82 is to me a beautiful body style. Like a beautiful woman laying on her side....and that's where my love for them ends.

Just doing the spark plugs is challenging. The wires are another thing entirely. 7 and 8 are a nightmare.

Never did care for the Cross-fire Hazard injection.

Vacuum actuated headlights....
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Again, just my opinion, I think it's begging for a ZZ4 swap. Swapping the engine on a $17.5K car? Probably not.

There are plenty of built 700R4s availiable. That would be the least of my worries
 
I'd love a 1982 Corvette...last year for the Mako Shark body. Swap the Cross-Fire engine for an LS3 (or a 5.3 truck motor with a turbo) and the TH700 for a built 4L65E!
 
I think you would really have to be hung up on that '82 to pay that much for those issues. I've been around them since I was 9 years old when my parents bought a new 1970, there are better years to select from.
 
I've seen C5 coupes for around the $13-14K range in excellent shape, no damage and clean titles.

For me I would buy a much newer car.
 
Originally Posted By: double vanos
Found a beautiful 1982 Corvette, red over red interior. I owned a 1979 L82 for ten years so I am not completely in the dark here but checking around on the internet shows the '82 to have the (then brand new) 4 speed 700R4 trans and twin throttle body (crossfire) 350 engine.

Wikipedia describes the trans as a first year problematic typical GM thing and googling the engine leads me to believe that this fuel injection is quite problematic as well.
Is this just internet hysteria or should I fold these issues into a purchase price offer? It is offered by a Corvette enthusiast that has 6 door garage full of Vettes ranging from a first year Blue Flame to a brand new ZR1 with stops at a 1963 split window 4 speed coupe, a 1959 4 speed vette, a 1980's Porsche 911 all wheel drive, 1965 GTO automatic, late 80's Jaguar, a Model A and a replica Ford Cobra.

When I first saw the car, it was parked in front of what I thought was a small storage facility. Turns out this is where this guy keeps his collector cars. Nice guy and he has offered to put the car on the lift that is in this facility for my inspection.

The car is all there; 59k miles, clean as a pin with fading of the interior carpet the only real flaw. Was painted 5 years ago (according to him) and still looks new. Car spent it's whole life in Kemah, Texas until he bought it 4 yeas ago and brought to Humble, Texas. Basically not a scratch on it. Very Nice correct survivor car that he has priced at $17,500 OBO. Car starts right up and he offered a test drive which my wife might take him up on. Thinking of offering him $16k so there is some $$$ left over if the trans gives it up or I have to buy the tools necessary to repair the Crossfire injection.

What do you think? Thanks for your time guys!



http://houston.craigslist.org/ctd/3329254529.html

a much much nicer vette can be bought for relatively the same money in your area. i found this right away on houstan craigslist, there are like 26 pages, with many c5 vettes in your price range and a couple decent c6 cars. good luck hunting.
 
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The price is actually about right, the late C3's are starting to build value.

They have their issues for sure, but buying a Corvette is always a passion thing not a practical thing. I love my bought new 1994 Admiral Blue LT-1. The C4's are my thing. The C5 is improved, but I never really fell for the styling.

Bottom line is - get what YOU want. The 82 is beautiful style. The crossfire engine is seen by many as a negative, but they are actually a simple and easy to work on system. It's just 2 throttle bodys each with an exposed injector. I've worked on many 1984's with the same setup. The hesistation people complain about was easily fixed with an adjustable fuel pressure regulator.
 
I appreciate the responses guys! GMBoy has it about right, the C3 Corvettes are staging a comeback of sorts, probably due to their simplicity and ease of parts procurement and repairs. I absolutely loved my '79; should have never let it go.

Now messing with the crossfire doesn't sound too bad if one has a few necessary tools, which I have no problem with spending the $$$$, I love tools!
The trans would be the big thing but my '88 IROC Z28 had the same thing with the lock up torque converter ruining the drivability. I fixed that by disabling the TC lockup all together and fitting an additional trans cooler to the thing. Drove the car until the body started falling apart, with no problems (96k miles).
The car is not going any where so there's no pressure to act quickly. If it weren't so clean I wouldn't have given it any notice.
Any other thoughts guys?
 
I don't necessarily love the looks of the latter (post '73) C3s, but if you have to have it, GO FOR IT!

I like the looks of a properly setup C4 much more than the C5s (reliability/power/mpg/etc. shortcomings notwithstanding), but to me at least, the C6es are the epitome of Vette styling, especially with the correct wheels/tires, and 'stance'.
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