“It” Car: 1982 Chevrolet Camaro Z28 Indy 500 Pace Car Replica – NOW $10,425

Aug 2020 | Classifinds, Malaise Monday

September 3rd Update – We just came across a fresh Craigslist post for this 1982 Camaro Pace Car with the asking price remaining at $10,425. We’ve updated the link for the actual ad.

August 14th Update – While updating our database we discovered the private seller of this 1982 Camaro Pace Car lowered his asking price slightly to $10,425 in the original listing.

If you’re a life-long car enthusiast, chances are good you remember what the “it” new car you wanted to have was when you were a senior in high school.  For me, it was a 1982 Chevrolet Camaro Z28 Indy 500 Pace Car replica such as the well-preserved example listed yesterday here on Craigslist in Garwood, New Jersey by the caretaker of the past 18 years with an asking price of $13,500.   Checking the Hagerty Insurance Online Valuation Tool confirms this private seller has his Z28 priced $375 above the current #3 “Good” estimate of $10,600.  If you are serious about buying this limited edition Camaro, you can start the conversation by either texting or calling the private seller at (908) 397-9670.  When you do, please remember to mention you first saw his Z/28 featured here on GuysWithRides.com.

Chevrolet replaced the long-in-the-tooth, twelve-year-old second-generation Camaro with the hatchback third-Generation in December 1981, beginning production on October 12, 1981. The then-modern design Camaro Z28 easily became Motor Trend magazine’s Car of the Year for 1982. Available in either base Sport Coupe, luxury-themed Berlinetta, or the high-performance Z28, 173,000 Camaros were sold in n 1982.  Despite coming standard with a 2.5 Liter “Iron Duke” inline-four and having optional V6 power, over half still opted for the optional 305 cubic inch V8.  The Z28 came standard with the LG4 four-barrel-carburetor topped mill rated at 145 horsepower available with either a four-speed manual or three-speed TurboHydramatic 350 lockup automatic transmission. While the optional LU5 twin TBI ‘CrossFire Injection’ (305 cu in) with functioning hood scoops bumped the horsepower 165, it was only available with the automatic.  The new Camaro received positive reviews for its styling and handling. While criticized for the low power ratings for the Camaro Z28 at the time, keep in mind the lone engine in the Corvette only produced 200 horsepower.

Z28s included lightweight fiberglass SMC hoods with functional hood air induction flaps on RPO LU5 cars. Z28s also came equipped with a unique nose, a three-piece rear spoiler and front, side, and rear lower body valances in silver or gold. Just above the valance was a three-color lower body stripe that encircled the car. Headlamp pockets on the Z28 were black. Standard were new 15×7-inch cast-aluminum five-spoke wheels accented with silver or gold. Z28 badges appeared on the right rear bumper and on the side valances. On early models, if the “Conteur” sport seats were selected as an option, the passenger seat was purposefully a mismatched high-back bucket seat design, due to production shortages of the passenger seat.

The Camaro Z28 was the pace car for the 1982 Indianapolis 500 race, and over 6,000 appearance replicas were sold through Chevrolet dealers. The edition featured special two-tone silver/blue paint and special striping, orange pin-striping on 15-inch Z28 wheels, and a silver/blue interior with six-way Lear-Seigler manually adjustable seating. Engine choices in the pace cars were the same as the regular production Z28. The car that actually paced the event was equipped with a highly-modified, all-aluminum 5.7 L V8 that was not available on the replica cars.

We absolutely love how original this first year, third generation Z/28 Pace Car remains.  Yes, there are some signs of minor “Patina” but overall this would be the example I’d pick if I wanted to relive my youth.  If only I could regrow my mullet to go with the car…Good luck with the purchase!

Here’s the seller’s description:

“Always garaged kept and covered. Car has been very well maintained and taken care of. Has never been raced, beat or neglected. The TH350 automatic transmission shifts crisp and smooth. Has never been driven in the rain or snow. Only driven occasionally on the weekends or to car shows.
Car has tinted T-tops, roll down windows, cold A/C converted to 134A, AM/FM cassette radio, tilt steering wheel, power steering, power brakes, cruise control, and period correct radial tires in great shape.
Car has the optional dual throttle body fuel injected V8, 5.0 liter, LU5 engine which adds 20 additional horse power.
These cars will only continue to climb in value!
All stock an original, no rust, or dents. I have owned this car since 2002 and won several awards for originality.
Sale includes, original window sticker, $14,545 – owners manual, Indy500 official program catalog from May 30th 1982 and first owners original license plate.

2020 “NADA” classic car retail value is $10,725 to $16,170

Asking $10,975
Current Mileage 73,745
Not in a rush to sell…. So no low ball offers!!

What was the “It” car to have during your senior year of high school?  Comment below and let us know!

1 Comment
  1. Kris Hicks-Green

    I graduated from a high school in rural western Washington State in 1984. Pony cars were pretty cheap then, and the ‘it’ car was probably a first-gen Camaro. There were three among the 76 graduates that year. I was always a Euro car guy, and had a used `78 Lancia Beta Coupe: it wasn’t that old and didnt have tons of miles, but I was able to buy it for $1900, earned .90 cents at a time for cleaning horse stalls at a nearby farm.

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