Don’t Be Fooled 2: 1985 Pontiac Fiero 2M4 20K Survivor – STILL $5,500

May 2020 | Classifinds, Malaise Monday

May 18th Update:  We noticed this dealer posing as a private seller is still sitting on this 20K original mile first-year Pontiac Fiero and is also still sitting on the asking price of $5,500.  We’d be willing to bet walking into his office with $4,500 cash would have you driving this car home.  Good luck with the purchase!

While the 20K original mile 1985 Pontiac Fiero SE 2M4 5-speed we came across here on Craigslist in Peekskill, New York appears to be a nice survivor example, two red flags quickly clued us this was actually a used car dealer listing.  First despite the park-like location used to take the pictures, the car did not have license plates attached.  That’s usually a sign the seller is using dealer plates to drive the car around in. That’s when, if provided, we google the phone number to see whether a dealer or used car auto broker appears.  Sure enough, in this example, Marcos’ phone number confirmed he’s the sales manager of Peekskill auto sales and the car is listed here on their website for $5,595 while on the Craigslist post its $5,500.  A check of the Hagerty Insurance Online Valuation Tool confirms both prices fall between the #2 “Excellent” appraisal of $6,900 and the #3 “Good” estimate of $4,500.

While this Fiero appears to be a great low mileage example, our bet is that whatever history and maintenance receipts that could have told the story about this low-mileage car are likely lost.  That’s almost always the case when a dealer or used car broker gets their hands on a car like this;  many mistakenly believe the less information they can provide about the history of the car, the better.

Believe it or not, the original Fiero made it on Car & Driver’s Ten Best List for 1984.  Here’s the excerpt on their justification:

We’d almost given up on the American car manufacturers as innovators when Pontiac came along with its new Fiero. This car breaks all of the rules set by the timid, for it’s not just a functional box. It has but two seats, it’s disc-braked and independently sprung, and its engine is in the middle. It’s also about the prettiest car built in the country. What it’s not is a killer sports car, but the Fiero is peppy in town, handles securely, sticks very well in the corners, and offers a spacious and comfortable environment that suits most any driver. As if the basic design isn’t radical enough, Pontiac even developed a unique manufacturing technique for the Fiero. The car’s strength and rigidity come from a steel substructure that is machined as a complete unit to ensure dimensional accuracy. To this are bolted plastic panels, which form a rust-free outer skin. Not only are most of the panels deformable to resist small impacts, but any damaged panel can be easily replaced with hand tools. This innovative approach allows Pontiac to sell this stylish and practical new car for as little as $7999. Which is just the kind of value and appeal that guarantees a sure winner.”

Unfortunately, while Pontiac’s “Iron Duke” inline four provided 30mph, the truck-like engine sounds with a resistance to being revved combined with a propensity to catch fire helped sales drop by nearly half for 1985 and significant upgrades in steering and handling for 1988 were not enough to keep the car in production by 1989.

If you’re looking for a RADwood eligible sporty car that cheap to purchase and maintain and you can get past having to buy it from a used car broker, then this might be a neat car to pick up.  Just make sure you do your homework and do not agree to pay a penny more than $4,500 as chances are very good this car was picked up at auction for less than $4,000.  Good luck with the purchase!

Here’s the seller’s description:

“1985 Pontiac Fiero SE 5 speed with only 20k original miles
car is in mint condition. must see to appreciate.

Do you have a Fiero story you’d like to share?  Comment below and let us know!

5 Comments
  1. Michael Gorgia

    I was a tech at a Pontiac store from 1980 to 1987. I was there for the introduction but gone for the finale. It really wasn’t such a bad car. Unfortunately Pontiac let it stray from it’s original concept of a 2 seater commuter car. It did get the boys at Chevrolet up in a bunch as they felt they owned the rights to a 2 seater car from GM. We had a good laugh at the new vehicle presentation over that one! They sold like hotcakes when they first came out. Many well over MSRP. Each Pontiac Service Craftsman Guild member received the MPC model as a gift from Pontiac. I still have mine in the unwrapped box. I might consider this one if it is still available when life returns to normal!

    Reply
    • Guys with Rides

      Michael, I remember the launch of the Fiero vividly as I was still in college and I agree, compared to what I was driving at the time, I thought it was a great car. It certainly was the “IT” car to have the summer of ’84! Dealer shenanigans aside, it looks like a decent example to add to your garage. Enjoy if you do!

      Reply
  2. walt

    See the Yellow key tag , dealer stock tag for the key box .. also left shop mat on passenger side

    Reply
    • Guys with Rides

      Great call outs on the interior, Walt! Thanks!

      Reply
  3. Analog Man

    A dealer masquerading as a ‘private owner’ selling a car raises eyebrows and calls for an even closer inspection, just in case there’s anything else being hidden. But even given that, a 20k mile Fiero for $4500-$5000 could still be a nice car and a fair deal, if it’s in the “mint” condition described. I’d take a look at it myself, if it wasn’t for the coronavirus keeping us all home.

    Reply

Submit a Comment

Your email address will not be published.