The ZR1 is an extremely high performance, specially equipped and very limited production Corvette. A 1995 ZR1 is well worth over $15,000, depending on the condition and the mileage. If this person is willing to junk it, he will take less than $3000 for it. If it is in Okinawa, he also must have a pretty limited market unless someone is willing to pay a lot to ship it.
The C4 is a great Corvette, but is much harder to get in and out of than almost any other model Corvette, as the frame rails are under the doors and are about 6" higher than the floor of the car. The C5 eliminated this problem.
EBay has 2 1995 ZR1's listed right now, one for $35,000 and the other for $22,000, both have extremely low mileage and neither have received any bids yet. The ZR1 comes with an all aluminum 349 ci displacement (not 350 ci, as it was designed by Lotus and has a slightly different bore & stroke than the standard Chevy 350 small block) with a 32 valve Overhead Cam LT5 engine, which is an extremely costly engine with 32 valves and 405 hp. I have found complete LT5 engines on EBay going for $9,000 to $12,000 alone.
For model year 1990, Chevrolet released the Corvette ZR-1 with the radical overhead cam LT5 engine, which shared only the 4.4 inch bore spacing with any previous LT engine. The LT5 was engineered by Lotus Engineering in the UK headed by design manager David Whitehead, the engine was produced by Mercury Marine at Stillwater OK, headed by Project Engineer Terry D. Stinson. It was an all-aluminum 5.7 L (349 cu in) small-block V8, but was thoroughly different from any of the other Chevrolet 350 engines. The bore and stroke were both different at 3.9 by 3.66 in instead of the usual 4 by 3.48 in and it featured Lotus-designed 32-valve DOHC heads rather than the usual Chevrolet 16-Valve OHV Heads. It was hand built by specialty engine builder, Mercury Marine in Stillwater, OK. This engine produced 375 horsepower and 370 lb·ft for the 1990-1992 Corvette ZR-1 and jumped to 405 horsepower and 385 lb·ft from 1993 until its final year in 1995, thanks to cam timing changes and improvements to the engine porting. 1993 also added 4-bolt main bearing caps and an exhaust gas recirculation system. The engine was used only in Corvettes The LT5 was very expensive, and after six years of production, GM canceled the ZR-1 option. A total of 6939 were produced. The LT5 however wasn't an evolutionary dead end. Despite being discontinued, a new class of premium V8s for Cadillac and eventually Oldsmobile, the dual overhead cam V8 Northstar and its derivatives, drew heavily from the LT5's design and lessons learned from its production.
The LT5 does not have reverse cooling.
The LT5 was available on the following vehicles:
1990-1995 Chevrolet Corvette C4 ZR-1 equipped with 6-speed manual transmission (Production: 6,939)
If you have machine shop facilities there, boring should not be a problem, but getting correct oversized pistons and rings to match the LT5's connecting rods and other LT5 parts may big problem.
If that is all it needs, great. If not ...... here's more!
Most all 1995 Corvettes have the new Active Handling System or otherwise referred to as the Traction Control System and if it needs work that is big bucks, but the last thing you want to do is try and control the C4 without it. It has a button which allows you to turn it off, but read the many posts on the internet about what the ramifications are of doing this. I have never decided to try out running with mine turned off! Also, a large number of '95 Corvettes were equipped with the Variable Suspension Package, but most people just eliminate it if it needs rebuilt. This package has adjustable shocks that the computer controls via a 3 way switch on the console. One setting for mild road driving, the next for agressive street handling and the third for all out road race handling. The shocks are around $500-$700 each (or more), but any shock will work in the car, it just will not have the adjustable feature.
Also, what condition is the interior in, the body and the paint. The C4 takes special tires that are very hard to find and can run about $400 each. Rear tires are much wider than the front tires, so they are not interchangable.
Again, if he is willing to junk it, he will probably take $500 for the car unless he gets a better offer. But find out what you are getting into. Even at $500, you may have $9,000 + in it before you are through. But at $9,000, you make a good deal for a rebuilt ZR1 Corvette.
Here is my '95 with an LT1 engine.
Look into this one carefully before you decide. It could be the deal of the century or the breaking of the bank! Let us know what you decided.