How much is a 1987 Suburban worth?
The typical price range for a drivable 1987 Suburban is roughly $5,000 to $15,000, with well-preserved or low-mileage examples sometimes reaching higher, $20,000 or more. Prices vary widely based on condition, provenance, drivetrain, and regional demand.
Value for this vintage GM SUV hinges on several factors: engine and transmission configuration, whether it’s 4x4 or 2-wheel drive, rust and body integrity, documentation of maintenance, and originality versus restoration. Diesel-powered units (notably the 6.2L diesel) can command premium, and market demand can swing prices by region and over time. For the most current figures, it’s best to consult live sale results and trusted pricing guides.
Market factors affecting value
Several variables determine how much a 1987 Suburban will fetch in today’s market. The following factors are the most influential.
- Overall condition and mechanical soundness (engine, transmission, suspension, brakes).
- Mileage and maintenance history; well-documented service records add value.
- Originality vs. restoration; factory-original components and interior are favored by some buyers, while quality restorations can also drive strong prices.
- Options and configuration; four-wheel drive, factory tow package, V8 engine, and diesel (6.2L) variants impact value.
- Rust and body/frame integrity; corrosion-prone areas can significantly affect price and safety concerns.
- Cosmetic condition and color; visible wear can deter buyers or reduce offers.
- Regional demand; markets with a strong classic-truck/SUV scene or rust-free climates may pay a premium.
In practice, buyers tend to pay a premium for a well-documented, clean example with solid mechanicals and minimal rust, while rougher vehicles or those needing substantial work sell for far less. As with any vintage vehicle, prices shift with supply, demand, and broader economic conditions.
How to determine current value
To gauge what a specific 1987 Suburban is worth today, follow these steps and compare recent results against the vehicle’s condition and options.
- Consult pricing guides that track classic-vehicle values, including the Hagerty Price Guide and NADA Classic.
- Review sale results from auction sites and marketplaces such as Bring a Trailer, eBay, and local dealer listings to gauge real-world transactions.
- Assess condition using a standardized rubric (mechanical function, body and frame, interior, and cosmetics); consider professional appraisal if value is contested.
- Compare similar units by model year, engine, drivetrain, and options in your region to adjust for local demand and supply.
- Factor potential restoration or repair costs when evaluating asking prices versus what you would pay to acquire one in similar condition.
Market data evolves, so rely on current sources for up-to-date figures, including Hagerty Price Guide, NADA Classic Car Guides, Classic.com, and recent sale results on Bring a Trailer.
Practical considerations for buyers and sellers
For buyers
Prioritize overall condition, verify mechanicals, and review maintenance histories. A well-documented Suburban with recent service and minimal rust is often the best value for long-term ownership.
- Have a qualified mechanic inspect the vehicle before purchase.
- Request full maintenance records and any available service history.
- Check for rust on common trouble spots (frame, rocker panels, floor pans, rear doors).
- Verify the drivetrain, 4x4 system, and tow package (if equipped) operate correctly.
These steps help ensure you’re paying a fair price for the condition and options you’re getting.
Summary
A 1987 Suburban’s value is highly condition-dependent. In today’s market, expect roughly $5,000 to $15,000 for average, running examples, with well-preserved, original, or low-mileage units potentially exceeding $20,000 in areas with strong collector interest. Diesel-powered or highly optioned models can push prices higher. For the most accurate read, consult current pricing guides and recent sale results in your region.
