One of my neighbors dropped by my house last Friday (while I was at work), and left word that he had a Fiero that he wanted to sell. It had been his fathers, who was in ill health and couldn't use it any more. He said it had been sitting for 6 months, and would start if you sprayed starting fluid in the intake, but wouldn't run.
I went over and looked it, offered him $500, and he said OK, and we shook on it.
The next day he towed it over and I gave him a check.
Here's what I got for my $500:
It's a bit rough -- the paint is pretty bad in places, the wing is split along the back edge, the driver seat bolster has duct tape on it, and the engine is dirty, but it seems sound otherwise.
The first thing I did was connect 12 volts to pin G of the ALDL connector, and I head the fuel pump click, but not run. I looked in my Helms manual to make sure that the G connector didn't go anywhere except to the fuel pump, and then put 24 volts to it (two 12V chargers in series), to try to "kick start" the fuel pump. I heard it try to run, but it seems to be frozen. So next weekend, I'll drop the tank and change it out, and hopefully have a running Formula. The engine oil and coolant look clean, and the brakes work fine, including the parking brake. It has 135,000 miles on it.
The guy said the clutch had been replaced recently, and I noticed that it has an Isuzu transmission. That'll be fine, because I don't plan to do burn-outs.
One other thing -- It doesn't have the original wheels on it for some reason. It has 87 or below "lace" wheels, so the front offset is wrong, and the front wheels stick out a bit.