This 1986 C4 Corvette Convertible is a running project car with the classic L98 350ci Tuned Port Injection engine. It starts, idles, and moves under its own power, but needs mechanical, cosmetic, and interior restoration. Great candidate for a weekend wrench project, restoration, or budget Corvette build.

All 1986 Corvette convertibles were officially designated as Indy 500 Pace Car editions by Chevrolet-  this one also has the period-correct “Indianapolis 500 - May 25, 1986” door decals.

If you’ve been looking for an affordable C4 that runs and makes a great foundation for a restoration, this is it.

    Mechanical Condition
      •  Starts and runs
      •  5.7L L98 TPI V8 – 235 HP / 330 lb-ft      
      •  missing part of the exhaust system and smoking on the driver side rear
      •  Automatic transmission engages
      •  Steering, suspension, brakes are typical high-mileage C4- functional but aged
      •  Tires are dry-rotted and need to be replaced
      •  148,018 miles
      •  Engine bay appears complete with original components

    Exterior Condition
      •  Red paint shows wear, oxidation, and age
      •  Convertible soft top is worn and has tears
      •  Left front headlight assembly is loose
      •  Rear spoiler installed (aftermarket)
      •  Factory wheels present
      •  Period-style Indy 500 decals on doors
      •  Rear plate area shows corrosion signs
      •  Driver-side exhaust exit is missing, passenger-side exhaust is present
This is not a collector-quality car- this is a driver/project needing cosmetics.

    Interior Condition
      •  Interior is complete but worn
      •  Upholstery seam tear
      •  Steering wheel heavily worn
      •  Driver door panel/trim missing
      •  Console, dash, and plastics need cleaning

    Features & Specs
      •  5.7L / 350ci L98 V8 - Tuned Port Injection
      •  235 horsepower
      •  330 ft-lbs torque
      •  Convertible top
      •  Power windows
      •  Power locks
      •  Power seats
      •  Pop-up headlights
      •  Factory Corvette alloy wheels
      • Rear spoiler
      •  Factory GM Pace Car–designated model year

    Paperwork
      •  Original owner's manual
      •  Clean Michigan registration
      •  Historical plate eligibility
      •  VIN: 1G1YY6784G5904546

Please Note: This is a pre-owned vehicle, and the photos show the actual car for sale. We have made every effort to accurately describe and photograph any visible flaws or signs of wear. However, minor imperfections may have been overlooked or not fully captured in the listing. If you have any questions or need additional information, feel free to contact us.

Buyer responsible for shipping/pick-up. 

We are a Licensed Dealer in Michigan. In order to ride or transport off our lot buyer must have a copy of No-Fault insurance or a Bill of Lading