I love this car. If the planets all align, I'll have something like this as my next project car. This is an awesome example of a Hachi Roku (Japanese for 86). This Corolla was made from 1985-7 and was pretty much the last of the front engine/rear wheel drive compact cars in the US. The Nissan 240sx was around until 1998, but it is a much larger and heavier car.
The appeal of the GT-S is that it is a quite light car (2100 pounds) and can be much lighter. With careful modifications, it can get down below 1800 pounds.
The motor in the GT-S is a dual overhead cam, 16 valve, 1.6 liter, fuel injected motor. It has a high redline and puts out about 130hp and 104 lb/ft torque. While that is enough to power an 1800 pound car pretty well, a lot of folks opt for the 20 valve, high compression motor from Japan that puts out 160hp and 120 lb/ft torque. Definitely a good upgrade. Horsepower mods can be made from there.
The AE-86 is in high demand among drifters. Though they don't handle as well as some newer cars, they've got a lot of heritage to them. That bumps the price up a bit. Even so, they can be found for under $2000 for one in rough, but complete shape. The one pictured here is for sale for $6200. It whould definitely get that price.
Thanks for reading,
Pete
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