| Author | Message | ||
| Mike B (Srt_mike)
Member Username: Srt_mike Post Number: 400 Registered: 12-2002 |
L, Car prices are a bell curve. For everyone that got a screaming deal, there is some guy who way overpaid for the car. Then there is everyone in the middle who traded at the going rate. Nothing wrong with being the guy who overpaid anymore than being the guy who got the screaming deal. They just occupy different parts of the market. | ||
| Greg (Greg512tr)
Junior Member Username: Greg512tr Post Number: 237 Registered: 2-2002 |
Stuart-Send me a note at [email protected] or call me at 214-707-1046. | ||
| Ron (Easy_rider)
Member Username: Easy_rider Post Number: 792 Registered: 12-2002 |
Stuart, best of luck in your search. Keep us informed of your progress. Your reasons are pertty much the same as mine. The 355 just did not do it for me either. I think you get a lot more car for similar money. Also, the boxer 12 seems to be a very reliable engine once you ensure that the services have been done. I was on the last C to M run with my Mondial. I am looking forward to doing it next year in the 512. Why don't you join us on some of the FDC drives? The details are usually posted in the So Cal section. Look forward to seeing you. Ron | ||
| George Pavlisko (Lrpman)
Junior Member Username: Lrpman Post Number: 56 Registered: 10-2003 |
Marty: My $.02: This car has 7689 miles all service including 30K asking was $72,500.00 got it for under $68,000.00. Came from an estate. The point is that it came out of the Dupont Register. Try Hemmimgs or there. EBAY is a crap shoot at best. We got an 1985 XJS with ALL the records for $3,500.00. Another person who we sent to EBAY to look got an XJ6 with 26,000 miles and all the the records for $2500.00 the only difference was the XJ was a scam, all phony records from other cars that where COPIES and the miles where about 128,000. As was said when I was looking get the best you can with perfect records and THEN a PDI. Hope you find one.  | ||
| Stuart (Stuart)
New member Username: Stuart Post Number: 5 Registered: 8-2003 |
Ron asked me "Stuart, I hope you find a nice 512TR like I did. Just curious since you had a TR before, what reasons are you going to a 512TR rather than a 355 for similar pricing. I know my reasons, but I would be interested to hear from someone else." I sold my TR because the cost to keep it running was eating me alive. After breaking down for the second year on the Calabasas to Malibu run I decided I was done. I love the look and feel of the TR so I am moving up to a 512. The 355 is a terrific car but it does not do it for me. I would like to find a clean 512 in the $85-90K range and they do not exist. I guess I am going to have to move up in price. | ||
| Tyson Hall (Trhall)
Member Username: Trhall Post Number: 442 Registered: 6-2003 |
ROTFLMAO!! | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2839 Registered: 10-2002 |
Slang for someone who is not serious about buying a car. Simply "kicking the tires" | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 203 Registered: 5-2003 |
what a tire kicker | ||
| Mike B (Srt_mike)
Member Username: Srt_mike Post Number: 388 Registered: 12-2002 |
Dreamers are ones who want a "good testarossa" for less than $70k???? What world is that in cuz it sure ain't this one  There are people telling highly about the $59k car they bought and how they spent that much because it was so pristine. And you're saying that no good TR is going to go for less than $70k? Do you mean the 512TR maybe? I think Brian hit the nail on the head. If the real-world selling prices were in the 60's, then everyone would be exclaiming how GREAT the deals are because they are being advertised in the 50's. Reality is they sell for something less than asking, and for a Ferrari probably a fair bit less than asking. I can't imagine a car advertised at $55k can't be bought for something in the 40's. I also feel that 90% of TR owners claim their car is in the top 5% of TR's . There is some junk out there, but it seems most cars are in reasonable condition. Proof of maintenance done doesn't make the car a good one, and a PPI with engine checks (leakdown) is the only sure-fire way to know how much 'wear' is in the motor and life is left in the car. If some guy thinks his 20k mile car is worth $20k more because he paid Ferrari prices for all the maintenance, but the home-mechanic's car does better on compression and leakdown tests, and is visually and mechanically better, then let the former guy sit on his car until he realizes he shoulda taken less for it These are just cars... I think Jim Glickenhaus seems to appreciate that fact more than most. Cheers on the 115k Jim! | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 199 Registered: 5-2003 |
Yes James, thats a lot of cash. Dave do you think you might get a ride in James P4 for standing up for him, go get a drink and cool off. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2829 Registered: 10-2002 |
Stephen I didn't mean it that way at all. I just meant he was planning to fix it and drive it. For someone like him with his own shop it made sense, without that it probably would have been scrapped which would have been too bad. When you look at what Jeff Green is doing you realize just how much work is involved. Best | ||
| Stephen Etheridge (Surreytr)
New member Username: Surreytr Post Number: 17 Registered: 9-2003 |
James, I wasn't suggesting he didn't know. Just wondering where all those high mileage 80's F-cars are today. They never seem to come up for sale! | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2828 Registered: 10-2002 |
My car was sold to someone who knew exactly what he was buying and as far as I know was going to fix the chassis and keep on trucking. | ||
| Stephen Etheridge (Surreytr)
New member Username: Surreytr Post Number: 16 Registered: 9-2003 |
It would be interesting to know where a car like that is today, James? Too valuable to scrap but too expensive to fix (asuming its broken by now). I guess these are the 'barn finds' of the future? You certainly got value in terms of cost per mile.. probably not much more than a high-end exec saloon, and a lot more fun! | ||
| Dave L (Davel)
Member Username: Davel Post Number: 316 Registered: 7-2001 |
James G taken for a ride? 115k miles and a rusting chassis that had been fixed once. Id say James is of the most astute buyers/collectors/owners in this arena. 23k for a rusting car with 115k miles on it? Id say he got what he could and moved on. What on that car was worth a total of 23k. Surely not the motor. That car was sale proof given mileage and chassis condition. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2823 Registered: 10-2002 |
288GT0? 250k euro's | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 197 Registered: 5-2003 |
James I think you were "taken for a ride", the car was worth much more in parts. What was that you said a Ferrari 288 GTO was worth again??? | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 196 Registered: 5-2003 |
I think the dreamers are the ones who want a good tesrarossa for anything less than $70,000. The buyers don't put to prices on them but the owners, we have them so if you want to buy then pay up or walk away, them tire kickers | ||
| Ulf Modig (Ulf308qv)
Junior Member Username: Ulf308qv Post Number: 87 Registered: 3-2001 |
A friend of mine bought a 88 TR rosso/nero 18 months ago. 44'000km, with all records/tools. Close to mint condition for less than $40k. This was in Europe though. | ||
| Brian W (Jetx)
Junior Member Username: Jetx Post Number: 187 Registered: 6-2003 |
my post basically is saying that if these cars are worth what you guys think they're worth, there'd never be any available for sale because people would be buying them rather than them sitting month after month at prices they'll never sell for. And 512TRs? $70-$85k easily. There was one recently advertised at $92k, black/cream, 14k miles, nice shape, all service records, etc. He'd easily take $82k (what he countered with when my friend offered $75k). Remember, "asking prices" don't = "selling prices" | ||
| William Moss (Moss)
New member Username: Moss Post Number: 26 Registered: 9-2003 |
Not your post Warren. Brians | ||
| William Moss (Moss)
New member Username: Moss Post Number: 25 Registered: 9-2003 |
That last post went right over my head. Don't understand it. | ||
| Warren Balla (West662)
Junior Member Username: West662 Post Number: 68 Registered: 8-2003 |
all this talk of TR's for 50k and 60k. What about a late model TR, 1992 or 1993. They sell for over 100k dont they? Is that reasonable for that year of TR or not? Thanks. | ||
| Brian W (Jetx)
Junior Member Username: Jetx Post Number: 186 Registered: 6-2003 |
One last thing - if TRs (and any Ferrari for that matter) were really 'worth' $60k + (or whatever price) there'd never be any for sale because people would be scooping them up. | ||
| Brian W (Jetx)
Junior Member Username: Jetx Post Number: 185 Registered: 6-2003 |
>>>That seems really low unless you have access to wholesale cars that might be questionable.<<<< *Every* car is a potential wholesale car. Even the ones with low miles and 30k services done, they're wholesale cars too. The best chance to get the lower prices is a) find a car that's been for sale for a while (and hasn't sold) or b) find an owner that is expected to take delivery of a newer car and needs out of his car fast. Same with all Ferrari's. I watched tons of Mondial t's (90-later) being advertised for $50k-$65k, and at the end of the day and looking at many cars, I picked up a '92 with all services and blessed by two different Ferrari mechanics I took it to for a lot less than asking. There are plenty of deals to be had on *good* cars, but they're not going to just roll over for any offer. | ||
| Todd Gieger (Todd328gts)
Member Username: Todd328gts Post Number: 602 Registered: 6-2002 |
Bottom line...You get what you pay for. I read people constantly saying that some of the asking prices are too high...they are correct when they say you can get one cheaper...yet the car has high miles, was in accident, bird dropping stained paint, needs a major w/clutch...etc... | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2816 Registered: 10-2002 |
Stephen I drove it every day rain, sleet, and snow. Maintained it by the book. Timing belt snapped at 6k miles. Repaired under warrantee. Wheel fell off at speed. 4 cornors replaced under warrantee. Seat belts repaced 3 times under warrantee. Chassis cracked. Rewelded under warrantee. Did 5 major services. Drove in bumper to bumper NYC on 100 deg. days with AC on. Drove through Harlem. Parked on 125th at 2am and had fried chicken. Took my daughter to nursery school. Left it for ac service and went on vacation. My mechanic and friend said: "No Mas." Chassis was rusting. He sold it for 23K and told me to get something else. He knew I'd fix it but he also knew it was time to move on. | ||
| William Moss (Moss)
New member Username: Moss Post Number: 24 Registered: 9-2003 |
I just sold a 87 with 14.5k miles for 59k. You get what you pay for and almost all of the ebay cars never meet reserve. Alot of trs have a shady history, mine did not. I figure low 60's is still a fair price for a low mileage excellent example. | ||
| Stephen Etheridge (Surreytr)
New member Username: Surreytr Post Number: 13 Registered: 9-2003 |
James, you managed 115k miles in your TR? Wonder if that's a a record! What kind of reliability did you get over that mileage? Its hard to find a TR on the market with a claimed mileage of over 40k.. but 115k! Was it hard to sell (or perhaps you still have it)? I always assumed that F-cars with that kind of mileage have little value left. | ||
| Tom Bakowsky (Tbakowsky)
Member Username: Tbakowsky Post Number: 721 Registered: 9-2002 |
Guys late model 12 cylinder cars will never be worth anything. The prices will continue to fall untill the price of maintance becomes resonable. This will only happen if the prices of parts drops and will, when Ferrari of U.K. gets the go ahead to sell TR parts. Then maybe the prices will stabalize. To expensive to maintain,and to risky to buy. (especaily TR's) If you find a verifiable car then by almeans purchase you will get a good car. These cars have a habit of falling into hands that cannot afford to propperly maintain them. If you end up with one of these cars,then you will become a parts supplier very fast. | ||
| Ron (Easy_rider)
Member Username: Easy_rider Post Number: 786 Registered: 12-2002 |
Stuart, I hopw you find a nice 512TR like I did. Just curious since you had a TR before, what reasons are you going to a 512TR rather than a 355 for similar pricing. I know my reasons, but I would be interested to hear from someone else. BTW I don't know if anyone else said it, but a belated welcome to the board. | ||
| Stuart (Stuart)
New member Username: Stuart Post Number: 4 Registered: 8-2003 |
As you all know by now there is no set price for any year. I just sold my '87 TR red/tan 12K miles for $58K. Everything mechanical was done and I have the full service record from day one. There are no nice TR's out there for $45K. By the way if anyone has any leads I am in the market for a 512TR. | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 3327 Registered: 4-2002 |
ERIC | ||
| Eric Eiland (Eric308gtsiqv)
Intermediate Member Username: Eric308gtsiqv Post Number: 1023 Registered: 11-2001 |
Amen Bruce! Wish I would've found one sooner...they're wonderful F-cars! | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 3325 Registered: 4-2002 |
JEFF WHO CARES ABOUT A BAD WRAP PEOPLE GIVE A TR... I OWN A 88.5 TR, LOVE IT, DRIVE IT, MAKES ME HAPPY THATS ALL BROTHER...CASE CLOSED......... | ||
| Jeff Green (Carguy)
Member Username: Carguy Post Number: 598 Registered: 10-2002 |
I would like to add that Sports Car Market has European auctions results too which can skew peoples perceptions of values. They often have auctions from places like Switzerland where there are huge taxes to pay for having a Ferrari, something like 40% or more. So prices have that taken into account, hence the low side of value. Europeans tend to use their Ferraris more and values reflect this too. The cars are not thought of as shrines like in the U.S. Granted there are good prices in the U.S. too. But you have to search high and low. My experience has been like Mr. Schads, offered money but good cars are not bought for anywhere near $40k. If they were I'd be saving for another one right now! It bothers me a bit when I hear about "all the TRs you want for under 40k". To me this sends a bad, unfair message about TRs to others who may be looking.....you wont get much for that kind of money. TRs are really good cars once sorted out and DO NOT DESERVE THE BAD WRAP they seem to be getting. | ||
| Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad Post Number: 1988 Registered: 7-2002 |
Well I was going around offering $47K for all kinds of TR's 1 year ago and the only one that bit was the wrecked/repainted metallic black one with maroon interior. Everyone else said no thanks. Actually was told by one guy to shove my check up my $ss...he was asking $58K for a white/red 87 in great shape. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2815 Registered: 10-2002 |
Jim That is correct but the prices SCM quotes are verfied sales. On ebay you never know if those bids are real or not. Look on ebay now. There's a white 88 which looks nice stuck at 25K. Hey I like TR's I bought one new in 88 and drove it for 115K miles. I just think real prices are much lower than people think they are. | ||
| Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad Post Number: 1985 Registered: 7-2002 |
I was just looking on ebay and there is a black 87 in great condition for $71K. He has been trying to sell that one for months. Started at $75K. The other black 87 in very good shape starts at $47,999 and he claims it is worth $20K more. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2814 Registered: 10-2002 |
Jim Sports car market is a mag. that amoung other things lists auction results as well as up coming auctions. Those are recent auction results. | ||
| Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad Post Number: 1984 Registered: 7-2002 |
what auction is that? open to public? might be a way to get a decent car for cheap. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2813 Registered: 10-2002 |
35K 37K 32K 24K 39K 45K 47K 52K 57K Auction prices of TR's. SCM. BTW there are 5 being offered on ebay now. Look at the bids. http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6212&item=2437676392 | ||
| Robert Oglesby (Testar1988)
New member Username: Testar1988 Post Number: 46 Registered: 5-2003 |
Good luck finding a TR for under 40K!!! If you do it won't be worth S#@$...Wayne is right, 88 1/2 is what you want (5 lug) is the way to go!! That is what I bought, blk/tan. Should be able to find one with 30k done, with 15 to 25k on it for 58 to 65K!! Make sure on record's and history!! It took me almost a year to find mine, I also wanted blk!! Hope this help's..Robert | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2812 Registered: 10-2002 |
Jim I'm serious. These are the prices I believe are realistic. There are a lot of TR's, maintenance is very high, parts are starting to go away. Others? | ||
| Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad Post Number: 1983 Registered: 7-2002 |
Are you being serious Jim? $40K? That seems really low unless you have access to wholesale cars that might be questionable. I think $50K to $55K is mid road price with high $60's being the top. These guys that want $75K or more are dreaming unless they find just the right buyer. Cheapest 3 TR's I know of were: $39,900 1986 in decent shape $47,000 1987 that may have been previously wrecked. $47,800 1987 from a guy who needed to liquidate NOW! | ||
| marty cure (Marty_cure)
New member Username: Marty_cure Post Number: 2 Registered: 10-2003 |
Wayne, I just called the owner of the car it is a 1988. Unfortunately for me he just sold it 30 minutes ago, What a bummer! P.S. I should have bought it on Sunday when I saw it. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2811 Registered: 10-2002 |
No. You can buy as many TR's as you want for less than 40K. If a belt breaks the car becomes a parts car so I wouldn't drive any TR without a freash major which costs about 10K if you really check out everything. If the car was perfect and came from a dealer with a warantee and a freash service it might be worth 50K. | ||
| wayne skiles (Bad_tt)
Junior Member Username: Bad_tt Post Number: 122 Registered: 8-2002 |
IMHO a little too strong. Is it 88 1/2? | ||
| marty cure (Marty_cure)
New member Username: Marty_cure Post Number: 1 Registered: 10-2003 |
There is a TR I am looking at. It is black on black with 12k on the odometer. The 30k service was done 2 years ago. The asking price is 66,000. Is this a fair price to pay for this car. |