Just acquired a 1987 convertible----crazy to ask, but does it have a spare tire, and if so, where is it?--Thanks in advance!

 

Yes its underneath the rear of the car between the mufflers

 

The spare tire would be located under the car in the rear, held in place by a black "hub." Some cars, however, were ordered without a spare tire, so there's always the chance you may not have one.

 

Is there a jack also? How do you take the tire down?

 

There should be a jack either in with the tire. The wrench should be behind your seat and the bolt or nub is what you use to open it

 

On the underside of the car below the number plate there is a large nut you undo with the wheel brace to wind the spare wheel carrier down
Once the tension is off the bolt you lift the whole lot up to un-latch the carrier assembly so you can lower it

in the pic below you can see the locking bolt behind the tank with the bolt head underneath and the latch at the top behind the tank



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Thanks guys, new to the Vette world, and not sure about a lot of things at this point. I thank you all for the help!!

 

I have owned several C4s. If I remember correctly the jack handle on my 87 vert was clipped under the passenger side of the hood. Just lift the hood and you should see it.
Also, the jacking instructions are in the owner's manual and sometimes under one of the rear console lids.
It is a great idea to practice this procedure in the comfort of your driveway rather than on the side of a dark Interstate in East BumHump. Don't ask how I know this.
Lower the spare tire carrier and check that the spare has adequate air, check the jack for proper function and practice removing the spare and setting the spare carrier in the "fat tire mode" as I call it. You will understand when you try this procedure.
Lube up the jack screw and the screw that holds up the spare carrier. Then place a flash light, gloves and shop rags somewhere in the car just in case you need it.
My come to jesus moment happened in the dark. No light, no gloves, no rags, no clue as to how the system worked. I just relied on my experience with my 65 vert back in the 60s. I placed the filthy flat tire in my cloth passenger seat for the ride home. Not a good thing to do.

 

I got a plastic "tire bag" from Discount/America's Tire Store. Use that so you won't have to put a dirty tire in your car.