Hidden Gem: 1992 Corvette C4 LT1 Six-Speed Coupe – Sold!
Chevrolet produced the C4 Corvette for twelve model years from 1984 through 1996. While early versions of the fourth generation Corvette make this the unloved generation as a whole, the hidden gem to buy is a 1992 or later version such as this Polo Green Metallic over tan leather six-speed example listed on Craigslist in Barkhamsted, Connecticut with an asking price of $8,800. Checking the Hagerty Insurance Online Valuation Tool confirms this private seller has his C4 priced between the #2 “Excellent” appraisal of $13,700 and the #3 “Good” estimate of $6,600.
Hagerty Insurance provides a nice overview of the 1992 Corvette:
“By 1992, the C4 Chevrolet Corvette had evolved into a thoroughly modern sports car for the time. With the ZR-1-inspired exterior from 1991 and the updated interior from 1990, the only remaining component was a new engine to replace the adequate but unremarkable L98.
This year brought the LT1 to the Corvette; a second-generation small-block Chevy V-8. It still displaced 350 cid and focused on fuel and air management as well as engine cooling. As a result, the LT1 was 20 percent more powerful, making 300 horsepower and 330 pound-feet of torque. Additionally, the introduction of synthetic oils meant oil coolers were no longer needed. Finally, a limiter automatically shuts the fuel off above 5,850 RPM to prevent over-revving and the potential for engine damage.
In addition to making a lot more power, this new engine had a better fuel economy than the outgoing L98 V8 and met higher emissions standards. This was a cleaner, meaner ‘Vette.
All Corvettes now came with a new Acceleration Slip Regulation system as standard equipment. It used throttle adjustments and braking to help improve traction but is easily defeat-able with an in-cabin switch.
The cabin of the 1992 Corvette was further improved with revised weather stripping and additional insulation. Buttons on the instrument panel were changed to black in an attempt to make them easier to read. While there was a power delay feature for accessories in previous models, the 1992 version allowed some accessories to run briefly even after the key was removed.
1992 marked the slowest sales year for the C4 Corvette, with 20,479 examples sold. Of that, 502 ‘Vettes were the ZR-1 high-performance model. The millionth Chevy Corvette sold was a 1992 C4.“
Here’s Hagerty’s Buyer’s guide for C4 Corvettes:
This Corvette is a prime example of how not to market your classic car. Polo Green metallic is a stunning color in sunlight and it’s simply a crime only pictures are provided from inside the seller’s garage. We’re convinced this “Well Cared for” Corvette will look fantastic once pulled out into the sunlight. We’re very impressed with how good the light tan leather seats look despite having traveled 100K miles. As long as the undercarriage checks out and the seller can provide a solid maintenance history, you’ll be buying a potent and capable Corvette for less than $10K that will likely see an increase in value as the RADwood crowd starts to show an appreciation for these currently unloved-Corvettes Good luck with the purchase!
Here’s the seller’s description:
“Well cared for forest green Corvette. Removable top, new cluster and rebuilt headlight door mechanisms. Pretty car with new stainless steel calm exhaust, new tires and Corvette chrome rims.“
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