Well, Just having bought a 94 gt recently... I would say for one don't do what i did and not check for oil leaks... The kid never told me that it had a rear main leak. Which i fixed along with the clutch. I still got it cheap enough i didn't care though.
Also take it for a test drive and burn the tires once to make sure both tires are spinning which will mean your clutch in the rear end isn't out.
Put some rpms too it too... Make sure you don't hear knocking or noises that you know shouldn't be there.
Visually inspect the whole engine for any sorta flued leaks along with the underneath. Some are easily fixable but some are a pain in the ***. And also after just running it sorta hard just sorta smell for anything not right.
Also make sure it idels well... make sure it goes down when its warmed up too between .6 and .9 rpms.
Then also check if there is even tire where, and when test driving it put the breaks sharply on and make sure that it doesn't pull too hard one way or the other.
Everything is fixable to an extent, but this will give you an idea of what you will be looking at fixing soon. And whether or not its a deal.
Sorry if it sounds to babyish.
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94 GT (Full length headers, Off Road H Pipe and Flowmasters) MSD Ignition, 75 shot nitrous, cold air induction. 65mm t.b. pulleys and 3:73 gears. everything else STOCK!!
60' = 2.04; 1/4 = 13.9 on street tires
dynoed with 87 octane at 240hp 310 lb torch w/out nitrous. Its a pooch but im working on it.
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