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For Sale: 1999 Panoz AIV Roadster in Barrington, Illinois

$49,995 (OBO)  

Vehicle Description

Price just reduced, ready for summer, bring offers!!


Panoz produced approximately 176 of these unique AIV models before discontinuing its production at the conclusion of the 1999 model year. Recently, we received news from Panoz that in Fall 2015, the model will be put back into production--at a starting price over $125,000. This latest information has sent the used AIV market into a frenzy. Details about the new version are not complete, but we were told the differences will be minimal.

Market report

Low mile examples like this one, are in some cases being advertised for over $80K. Few dispute the investment potential of these fun, high performance cars. Great color here, serviced and ready to go. Only one known previous owner. Note that our pricing is comparable to less desirable 1997-98 versions of the AIV. Great value here.


The specific car offered here is one of a handful of 1999 models currently available that is realistically priced. One of only a handfull built in silver. As one of the last from the original production run, this car has unique collector value among all other examples. Please call to discuss any additional questions, concerns or details. Clear title, clean car fax, no accident history, ultra low miles, great color. An absolute diamond.



Driving Impressions

Due to the uinque nature of this automobile's ultra low miles and extreme performance, we were granted only a brief controlled test drive, under close supervision. The car ran and drove to perfection. We have driven many high-performance cars in the past, but never one with this kind of direct connection to the road. The experience of driving an open vehicle with this level of acceleration and handling can only be compared to riding a high performance motorcycle. The feeling of being so close to the elements is unique and thrilling.

Driving the AIV is the closest thing we have ever experienced to a four wheeled sport bike---instantaneous directional stability with the slightest input. The next official private owner of this car will undoubtedly agree this is the most fun you can have sitting down! The only thing missing is your racing helmet and driving gloves.

Cosmetic Impressions

Car is shown near showroom new and all that implies. We found no evidence of previous damage, abuse, or signifiicant scratches or dings. Interior and overall feel commensurate with a 4000 mile car. Very nice indeed.

AIV notes

The Panoz AIV is a performance car that rivals even the quickest poney cars of today. While new Camaros and Mustangs have a bit more horsepower and an extra gear, the AIV still competes with ultra light weight and a beautifully balanced chassis--even without modification. AIV O-60 times in the low 4 second range and a quarter mile in the low 13's complement the car's incredible handling.

Collector and investment cars typically find a following due to a unique combination of factors. Styling, performance, low production, technological innovation--are all key ingredients. The 1999 Panoz AIV roadster has all these elements in spades.

Previously listed Specifications:
Chassis: Aircraft Extruded Aluminum.
Layout: Front/Mid engine.
Body: Aircraft Aluminum, Carbon Fiber and Kevlar. Hand Assembled.
Horsepower: 320 BHP at 5800 RPM Torgue: 340 Lb-ft at 4800 RPM. Redline: 6900 RPM.
Performance: 0-60 MPH: 4.0 Sec. 0-100 mph: 9.7 Sec. Quarter Mile: 12.7 Sec at 106 mph
Engine: 280.8 CU. IN. Dual Overhead Cam. 32-valve, 90 Degree Aluminum Cobra Hemi V-8.
Transmission: Manual, Aluminum, Borg Warner, T-45, 5-Speed Manual.
Suspension: Polished Stainless Steel, Independent Double Wishbone Lotus Type.
Top speed: 160+ MPH. Braking: 0-60 MPH: 109 ft. Slalom speed: 76.0 MPH.
Skid pad: 97G Lateral acceleration: 0.97G 700 FT. (212M)

Brief Panoz History (taken from previous article)

Ask the average person on the street if they've ever heard of a car company called Panoz and you probably won't get much of a response. In the automotive world, however, the name Panoz is well-known and is synonymous with cycle-fendered roadsters, elegant convertible GT cars, and a short but already amazing racing history.

The start of Panoz Auto Development actually began in Ireland where Danny Panoz first worked for a car company called Thompson Motor Company. The company was eventually liquidated, and Danny decided to buy the rights to their chassis. Moving to California, Danny and a friend went to work on the chassis, modifying it so that it could fit a V8 engine. "He always wanted to put a V8 in it," said John Leverett, the director of engineering for Panoz who gave me a tour of their facilities.

"The original chassis had a 4-cylinder and they re-did the whole chassis to fit the V8." Using this chassis and a Ford V8 engine, Panoz went on to develop the roadster that he would eventually sell to the public. In 1990 Panoz moved the company from California to a 2000 sq-ft facility in Hoschton, Georgia that now serves as a small museum for Panoz featuring several cars that make up the history of Panoz and also as a parts storage and construction facility for the Esperante GTS racer.

By this time the company had grown to seven employees and had finished a production version of the Roadster. The first customer car was delivered just two years later in 1992. The Roadster went basically unchanged until 1996 when it received several major updates. Renamed the AIV (aluminum intensive vehicle) Roadster because of its new lightweight aluminum frame, the new roadster featured leather and other such luxury items, a contrast with the original Roadster with had "no pretences to practicality."

Handling improved with a new independent rear suspension, and 13-inch brakes stopped the approximately 2200 lb car in incredibly short distances. The power plant of the car was also changed from a 5.0 liter V8 to a newer and more powerful 4.6 liter engine from the SVT Mustang Cobra.

Vehicle Details

  • 1999 Panoz AIV Roadster
  • Listing ID:CC-701369
  • Price:$49,995 (OBO)
  • Location:Barrington, Illinois
  • Year:1999
  • Make:Panoz
  • Model:AIV Roadster
  • Exterior Color:Silver
  • Interior Color:Black
  • Transmission:Manual
  • Odometer:4375
  • Convertible:Yes
  • Stock Number:1226-701369
  • VIN:1P9PA1826XB213014
  • Title Status:Clear
  • Restoration History:Unrestored
  • Exterior Condition:Mint
  • CD Player:Yes
  • Air Conditioning:Yes
  • AM/FM Radio:Yes
  • Custom Stereo:Yes
  • Bucket Seats:Yes
  • Power Brakes:Yes
  • Power Steering:Yes
  • Tilt Wheel:Yes
  • Fuel Injection:Yes
  • Drive Train:RearWheelDr