| Author | Message | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 162 Registered: 8-2003 |
Oh yes...I certainly DO agree with you. (my '91 vette has 178,000 on it,and looks great! Ofcourse,I am an obssive waxer and polisher!) | ||
| Daniel B Reese MD (Dbr328gtb)
Junior Member Username: Dbr328gtb Post Number: 188 Registered: 5-2001 |
Frank, sounds like you have a good one! I'm not at all trying to start a pissing match, but if you put our two cars together, you would have a very hard time telling which one was in better shape. All I am is saying is that it is possible to keep a "high mileage" car look perfect. | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 159 Registered: 8-2003 |
I put all the hard miles on the "vette,and the easy ones on the Ferrari. | ||
| Frank Parker (Parkerfe)
Advanced Member Username: Parkerfe Post Number: 2909 Registered: 9-2001 |
I too drive my car more than most Ferrari owners and never really think of how many miles I am racking up. But, I do recognize that most buyers do offer less the more miles the car has. So, I just accept that and get enough smiles per mile out of the miles I drive to justify the loss in resale value. | ||
| Dave Quick (Davequick)
New member Username: Davequick Post Number: 12 Registered: 5-2003 |
Hell, i'd rather have a 328 with at least 50k on the clock and at least 5k on it per year for the last five years from one owner.... means the car is cared for and running well. -dq | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 155 Registered: 8-2003 |
Well,my low mileage car ,definitely has a new "patina" about it. (at least thats what I've been told by SEVERAL people at the various car shows that I have attended.) And these comments were made by other Ferrari owners,as well as spectators. Next to a well used car,you can EASILY see a difference. Next to a freshly painted,or,highly buffed,highly detailed car...a little harder to differentiate. I have had alot of compliments by all sorts of people,to include a long time Ferrari salesman at a well respected dealership,nearby,when I had it there for an "open house". And by fellow Ferrari owners. I mean,do you ever see that little old man,or lady,driving an old car,(from the 60's,70's,or 80's) and the car still looks "showroom new". The chrome bumpers shine like new,the rocker panels are spotless and have a factory shine. And put their '78 Buick,or '75 Granada,next to any other older car,and it looks like a new car! There most definitely is a difference. | ||
| Daniel B Reese MD (Dbr328gtb)
Junior Member Username: Dbr328gtb Post Number: 187 Registered: 5-2001 |
All right guys- I dont think mileage means crap. If your car is fanatically maintained and you care for it well it should always be valued without regard to its mileage. I have almost 50,000 miles on mine and have shown it several times- Regional plus Cavallino. My observation when mine is sitting next to a 3,000 mile example is that they look identical- both lack the crispness of a brand new car. I have seen this time and again. I think that IF a car is well cared for it is the TIME spent on earth that patinas a car more than use. I would never do an even trade my car for any other 328 in existence as I honestly dont think a low mileage car gets you anything above a well cared for high miles car. My good friend brought his 328 to my house with less than 1,000 miles after he just got it and on that day my car was in better condition than his. Why? because just things happen to cars even when sitting like mechanics scratching it etc. Now he has it all fixed up and it looks perfect ( and driving it !), but you get my point. | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 149 Registered: 8-2003 |
P.S.- I got REALLY lucky with my car. It was a low mileage car,but,was always very well maintained.(records to prove) And,just had belt service prior to buying it. I have not had any problems in 3 years,or,3600 miles that I have owned it. And,absolutely ZERO leaks anywhere,(so far,anyway!) | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 148 Registered: 8-2003 |
Thanks,911 fan, I was able to take her out for a nice little drive,last night. And,theres a cruise night tonite...weathers holding up,so far...and theres a few guys on my local FerrariChat site that are talking about getting together this Saturday for a drive. So,I will be able to get in some driving time...FINALLY !!! But,as you can see from just my circumstances(beyond my control) where there can be cars that get driven,pretty regularly,but not far enough to accumulate any "big miles". Say,for instance,a guy travels alot for business. Or,has any "other" sportscars that may split up the driving time(like I do)Alot of possibilities ,that doesn't mean that the car is strictly a "garage queen",either. If my bad back was up to it. (I definitely have the time and $$) I'd LOVE to take a drive From Chicago to Phoenix,AZ. (visit relatives) via Old Route 66-or as much as there is thats left of it,anyway!! If I did that,then,"Voila!" instant 4,000- 5,000 miles on the clock,one trip! But,don't see that happening too soon. So,I just drive around here-a really nice drive along Lake Shore Drive,along Lake Michigan in Chicago. Drives out west from my house...all long enough,but,not too long for me so that it aggravates my lower back problems. And,if I didn't have to contend with,not one,but 2 summers of road construction,would have driven alot more. But,hey,now all of the roads are brand new-really nice and smooth,by my house! Worth the wait...? Too late to say,now! Take care!! | ||
| 911 Fan (911fan)
New member Username: 911fan Post Number: 43 Registered: 5-2003 |
Frankieferrari Sorry to hear about your circumstances. Hope you'll be able to make up for lost time soon. One of the peculiarities of the F-car world is the low-mileage curse which afflicts many owners. Everyone loses. The garage gueen crowd never really gets to enjoy their cars, the driving enthusiasts get dinged for "high mileage" when they eventually sell (although their "high mileage" would be considered normal or low for other performance marques), and new owners naively get seduced into buying higher priced extremely low mileage F-cars, unaware that the low mileage itself can lead to mechanical problems, your experience notwithstanding. We'd all be better off if everyone would just take Martin's advice and rip some miles! | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 144 Registered: 8-2003 |
911fan- Well,to be honest with you,I really should be driving it more,but; First reason-I live outside of Chicago,where we have alot of rain (and snow) I NEVER take mine out in the rain. Also,snow in winter,(same thing,no Ferrari in the snow!) So,that narrows down the actual driving time. Second- I have 3 bulging dics in my lower back,so ANY driving in ANY car gets really painful after about a half hour or so. Lastly, I had road constuction in front of my house ALL last summer. And,the morons stopped about 10ft. south of my driveway. So,guess what? They started back up the beginning of July,and it's been all torn up. MUD !, rocks !, sh*t all over! I don't expose my car to that. So,I just had to drive my '91 vette in it! And,in June,I tore a tendon in my left wrist, and had a cast on it for a little over a month, so,I couldn't "wrestle" with the hard steering in the Ferrari,anyway. (thankfully,they put down the first layer of asphalt a couple days ago) So,basically,it's due to road construction-2 summers worth. Bad weather. Health issues. And plain old "bad luck". But,as I said. The road is just about done, The cast is off. So,I have to get in as much driving time that I can,now,before winter! Damn! But,the next year,so far,looks to be uneventlful (I hope!),other than having to wait out winter,and driving as much as I can. Or as much as my achin' back can tolerate! And as far as the coment by Jeff about mileage rolled back,odometers unhooked,etc... If you saw MY car,you could easily tell that it is actual and original miles. I have all of the service history from the one,original owner. And,bought the car from a VERY reputable authorized Ferrari dealer that has been in business for a VERY long time. And they make it a practice to only sell cars that they can verify...they aren't going to gamble their reputation by taking a chance and B.S.ing about ANY car.(the car was advertised as a "very low mileage,one owner car, serviced,with records") AND I get the car serviced at ANOTHER very reputable,AUTHORIZED Ferrari dealer,thats closer to my house. And the service crew was really amazed at it's "super clean and original" condition. I took it to a F.C.A. Concours,last summer. First time out. And the car got a 2nd.place in it's class,(out of about 25 other cars.) So,I don't think that it would "slip by" 2 reputable,authorized Ferrari dealers,AND an FCA judged event. Do you? Yes,I am DEFINITELY going to have to drive it more,and now some of the "obstacles" are out of thw way. (Did I mention that I also travel alot?...) | ||
| Frank Parker (Parkerfe)
Advanced Member Username: Parkerfe Post Number: 2889 Registered: 9-2001 |
It seems that my Boxer runs better the more miles I drive her. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5909 Registered: 5-2001 |
Low MIles 328 $ 45K (I have one) (22K Miles) Medium Miles but excellent condition $ 45K (40K Miles) Medium average condition $ 40K High Miles Average condition $ 35K (+60K Miles) Paying $ 10,000 n loss value for 40,000 Miles of Ferrari fun? ...well worth it! You can do the same with a 308 and any other car! Frank, if you have not been driving you car more than 3000 Miles in the 3 years why should you have worried about the "valuable drive time" in the first place? You guys need to go out there and rip some miles. | ||
| Augustine J. Staino (Azzuro328)
Junior Member Username: Azzuro328 Post Number: 223 Registered: 4-2003 |
I have 46,000 miles on my car right now and, although I know I am getting close to that 50,000 mark, I can't justify keeping the miles off of the car. I truly enjoy driving it and I no longer care about its resale value. I know it will always be worth something. I think that nice 328s will probably have a basement of around $25k regardless of miles. This is just a guestimate but it can't be too far off. What ever I lose if I sell it will be my fee for being able to drive it (in addition to service costs of course) and whatever that number is, I am sure it will have been worth it. I may just keep it forvever and add another F-car in time. Just my two cents. | ||
| Steven R. Rochlin (Enjoythemusic)
Member Username: Enjoythemusic Post Number: 714 Registered: 4-2002 |
Yikes! This thread has me scared as i drive the 308GTS QV here about 1k miles a month. Just a daily driver, though some weekend i take for for long gallops across the countryside. Sometimes driving to "nowhere special" is the best place to go :-) Guess it is more about having fun than the "value" per se. To me, the REAL value comes with "smiles per mile" and with that said, consider me a VERY happy driver :-) :-) :-) :-) Enjoy the Drive, Steven R. Rochlin | ||
| DGS (Dgs)
Member Username: Dgs Post Number: 294 Registered: 5-2003 |
Well, the services are 15K miles or three years. That works out to 5K miles a year. I was averaging closer to 7K, until they ripped up all the roads around here. (And before I picked up the EVO). If you enjoy driving it, why worry about resale? You're not planning on selling it already, are you?  | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 6137 Registered: 12-2000 |
I would say normal on a 328 would be 2-4k a year. So for my 1986 I would expect a premium if it had less than 34k miles or discount if more than 68k. IMHO. | ||
| 911 Fan (911fan)
New member Username: 911fan Post Number: 41 Registered: 5-2003 |
Frank, You're driving your F-car all of 100 miles a month. I'm assuming you enjoy driving it so I'm curious why you don't drive it more and enjoy it more? | ||
| jeff ryerson (Atheyg)
Member Username: Atheyg Post Number: 428 Registered: 8-2002 |
This has been said so many times here You can't believe what the odometers say, rollback is rampant,its too easy to disconnect the speedos or have a spare speedo,it is very tempting to do for resale as most newcomers to Ferrari want low milage,go by the mechanical and cosmetic condition of the car to determine value. | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 140 Registered: 8-2003 |
I forgot to mention that my car is an '81,and I bought it in '01. | ||
| Frank Wiedmann (Frankieferrari)
Junior Member Username: Frankieferrari Post Number: 139 Registered: 8-2003 |
I bought a 308 almost 3 years ago,that had 14,250 miles. The car had just been completely serviced,along with some other new parts. I am approaching 18,000 miles now. Contrary to anything I've read,my car was not "all dried out". Not even one drop of ANYTHING has leaked on my garage floor or driveway,in almost 3 years. The car runs super. Drives nice and tight,like a new car. Rides nice,and,all in all,a really nice running and driving car.No "squeaks" or "sounds". It probably helped that I bought it from a VERY reputable Ferrari dealer,who's been in the business a VERY LONG TIME. And,doesn't make it a practice to chance "tarnishing" their reputation by selling any "junk". Everyone says: "stay away from low mileage cars,like the plague!" Pesonally,I don't pay any attention to that. Anything can be repaired or replaced. But,if you need to do it on a lower mileage car,the end result is that the problem got fixed,AND you still have a nice,low mileage car. With less wear on all of the cumulative parts.(my opinion. anyone's welcome to theirs) And,yes,I did pay a little more,but,two things.... First,I should not have ANY, problem getting back ,at least,the same money that I paid for the car,if I had to sell it...And,second. All of the "Ferrari guys" that I spoke to,prior to my making this purchase,said;" Buy a nice one to start out with. You don't want to be sinking lots of money into it,or,lose valuable driving time,if it's always in the shop!". Or lose interest and be disappointed! And,at this point in the game,almost 3 years later,I am very glad I listened! | ||
| john roberts (Jr328gtb)
Junior Member Username: Jr328gtb Post Number: 57 Registered: 5-2003 |
how do you define low, medium and high mileage for a 328? here is a shot: low -up to 20K medium - up to 50K high - over 50K thoughts? | ||
| Jim Avery (Boxer12)
Junior Member Username: Boxer12 Post Number: 174 Registered: 6-2003 |
Low mileage cars definately are a hotter commodity. How many miles do you plan to drive it? If you want to keep it 'like new' for some reason, then you have no choice but to pay the premium for low mileage. If you plan to drive it a bit, then you will take less of a hit on resale if you buy medium mileage (but don't let it slip into high category). I think 'asking' price is a lot softer on cars with miles, so don't be deceived by the fact that guys with miles on their cars are asking what they see other guys asking with low mileage cars. IMO-Rule of thumb, deduct at least $1 per mile depreciation. (That's also what it will cost you to drive it, plus service costs). | ||
| G. Green (Mr_green)
Junior Member Username: Mr_green Post Number: 239 Registered: 8-2003 |
I have been looking at all the ads for 328's. The price of the low to medium mileage cars is very close. The high mileage cars are discounted anywhere between 5,000 and 10,000 dollars. If I was to buy a car and keep it 3 years which scenario would work best for me. It also seems that low mileage examples sell faster. |