Price Dropped: 1982 Chevrolet Corvette

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UPDATE 05/24/2024: There are times when it seems obvious a seller is motivated to move their classic to a new home ASAP. Such is the case with this 1982 Chevrolet Corvette. Only a few days have passed since this car crossed our desk, but it has reappeared with its price slashed. The seller originally listed at $22,500, but it could now be yours for $20,500 OBO. The rest of the information remains the same, with the Corvette listed here on Craigslist.

05/22/2024: It is inevitable that when a new model lands in a showroom, some paint shades will be significantly more popular than others. This 1982 Corvette perfectly demonstrates that thinking because the color gracing its flanks was chosen by a tiny percentage of buyers. It presents well as an unmolested survivor and is set to find a new home. The seller has listed this classic here on Craigslist in Daytona Beach, Florida. I must say a big thank you to Barn Finders Randy J for the original lead and T.J. for noticing the seller had slashed their price.

It was no secret that the 1982 model year marked the end of the line for Chevrolet’s venerable C3 Corvette. It served the company well, with 542,741 cars driving off the lot during fifteen model years. The 1982 total of 25,407 represented a significant drop compared to previous years and was the lowest tally since 1971. Chevrolet offered buyers a palette of twelve single paint shades and four two-tone combinations. The Silver Beige that graced the Collectors Edition was the most popular choice by a comfortable margin, but this car’s original owner selected Code 56 Gold. It wasn’t the least popular shade, but with only 648 buyers ticking that box, it represented a mere 2.6% of total sales in 1982. There will always be debate about whether such a claim to rarity increases a classic’s desirability, but it is true that some paint shades will impact potential value. However, that doesn’t appear to be the case here. The seller makes bold claims about this car’s condition, describing the paint as a 9.8/10. They say it is almost flawless, and there are no visible issues in the supplied photos. It would be fascinating to know whether an in-person inspection will reveal any problems, but this Corvette seems to make the right noises. The panels are immaculate, and a sheltered existence means it remains rust-free. I see no glass issues, the badges are intact, and the distinctive alloy wheels are free from stains and damage.

If the seller’s description of this Corvette is accurate, they have done themselves no favors with the interior shots. They rate its condition on par with the exterior as a 9.8/10. However, this image seems to show physical damage to the passenger seat leather. I am prepared to accept it is a problem with the photo rather than an issue with the interior. This car is 1-of-1,710 ordered with Saddle leather trim, and it would be fascinating to learn how many buyers teamed this with Gold paint. I suspect that figure would raise the rarity stakes even further. The original stereo has made way for an aftermarket radio/cassette player, but that is the only change. It isn’t heavily optioned by modern standards, but the new owner will slip behind the wheel of a car with air conditioning, power windows, power seats, power mirrors, and a tilt/telescopic wheel.

The C4 Corvette didn’t hit showroom floors until the 1984 model year, but the 1982 Corvette provided the first insight into its mechanical configuration. The car retained the legendary 350ci V8, but Chevrolet fitted it with fuel injection. This wasn’t the same system that saw service in the 1960s, but it was what was termed “Cross-Fire Injection.” It utilized two throttle bodies and a pair of injectors to deliver the mixture to the small-block. The injectors and throttle body sent their charge to cylinders on the opposite bank, hence the name. Also new was the four-speed 700-R4 automatic transmission, which was the only unit Chevrolet offered in 1982. The Cross-Fire improved power and torque slightly over the previous year, although performance figures still fell far short of those produced in the Corvette’s glory days. This car should use 200hp and 285 ft/lbs of torque to cover the ¼-mile in 15.9 seconds. That wasn’t fast in 1982, and it certainly isn’t now. The seller recently treated this ‘Vette to a tune-up, replacing the plugs, wires, injectors, valve cover gaskets, alternator, battery, and all fluids. The engine exhales through an upgraded exhaust, and the car rolls on new tires. They say it runs and drives perfectly and is a turnkey proposition for its new owner.

This 1982 Corvette is a tidy survivor with no apparent needs. It also demonstrates why buyers must do their homework before committing the funds to a classic purchase. If you believe Hagerty, the seller’s price is very optimistic. However, NADA suggests their figure is in the ballpark. Investigating recent successful sales results is enlightening because they provide a “real world” insight. They indicate the price is realistic and might actually be slightly below expectations for a classic of this caliber. It hasn’t been on the market for long, but do you think it will find a new home?

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Comments

  1. Donzidon72

    I had a 78 Pace car back in the mid 90’s I love the 80-82 body style. The performance was a big turn off back then but now with a LS swap it would be a fun and cool ride. Super sharp in this shade of gold. I really want a claret red color but would take the gold if the price was right 22k is on the high side if you want to to an engine swap but 22k also doesnt buy much these days either ! i used to buy 80-82 vette’s for 6-10k 25 years ago so they were bound to go up! cool color for sure !

    Like 9
  2. Rick

    That’s gorgeous – and I had a CE. Yeah, passenger seat needs a bit of love, but all the interior goodies are readily available. No need for an engine swap if the FI is working as it should; these cars were always cruisers, not stoplight dragsters.

    Like 10
  3. Jon Calderon

    Or perhaps one looking for HP could theoretically cheap out and throw nitrous on it?

    Like 2
  4. St.Michael

    BEAUTIFUL car I had an 82…that crossfire injection was a joke….I rolled a rod bearing in the 350 and installed a built up 400 with a custom chip…still didn’t run like it should I was in the process of fabbing up a custom top crossfire plate for 2 600 holleys when life happened and had to sell it… ugh

    Like 4
    • Jack M.

      The aftermarket used to offer a conversion to change over to carburetors on these engines.

      Like 2
      • Jason V.

        Let’s not forget the cross-fire injection was hardly a performance upgrade. The last year L-82s (1980) were 230 net with a Quadrajet. That’s close to 300 gross with better exhaust and good tune. Even the TPI engines were never better than 230, and those you can’t modify without a chip. FI is not always better, and certainly was not always early on. It was mostly about meeting emissions standards without compromising performance too much.

        Like 0
  5. Frank Sumatra

    The Craigslist(ing) states “new seats” I would not touch anything on this car. The buyer will not be going racing but I think they will have a lot of fun at Cars and Coffee events, and I would encourage them to join NCRS if there is a Chapter nearby. If the price is negotiable, all the better.

    Like 9
    • JC

      It doesn’t have new seats, it has imitation “leather like” vinyl seat covers over the old seats. The pics show the worn out original covers.

      Like 2
      • Frank Sumatra

        Thanks for the information.

        Like 1
  6. Herbert

    Beautiful car, but the color is not for me.

    Like 2
  7. JC

    I guess I’m the outlier… absolutely ugly color combination… photos in the shade look enhanced… there’s a reason only 2.6% ordered it.

    Like 7
  8. Nelson C

    Low volume color is always to each their own. This is unique compared to the too popular heritage look. Would make for a nice cruiser. A few mods may make you happy but dependable driving will make you happier.

    Like 4
  9. jwaltb

    “ Rare color” is not a thing, or it shouldn’t be, IMO, unless it’s a custom color by one of the few manufacturers that will do that for a customer.

    Like 3
  10. Ed

    The driver’s seat cushion cover has some huge wrinkles.

    Like 1
  11. steve

    PASS on this one. The interior is horrible, whichever “version” you believe – there are two types of seat covers shown. Much too sketchy to consider …

    Like 1
  12. Steven Smith

    Some thing smells here.

    Like 0
  13. PRA4SNW PRA4SNWMember

    Nice looking ’82.

    I personally wouldn’t pay anywhere near that for an ’82, but wouldn’t be surprised if someone else did.

    Like 4
  14. Ed Tarkowski

    18k would be acceptable.

    Like 0
  15. AUSTIN DOWLING

    It is at $18,000 today 5-25-24

    Like 2
  16. wjtinfwb

    More commonly known as “Cease-Fire Injection”

    Like 0

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