| Author | Message | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1319 Registered: 9-2001 |
The 348 manual calls for service every 15k miles . It just doesn't call for a cam belt change until 51,500 miles I believe. If you drove it like you do most other cars and put 51,500 miles on a 348 in 3 years or so I'm sure the cam belt would be fine. But, it takes most Ferraris over a decade to reach that many miles. That being the case, most cam belt changes are done due to time rather than miles. My recommendation would be to change the cam belt every 3 years regardless of miles. | ||
| Martin (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 2753 Registered: 5-2001 |
Dave, as in so many discussions: F says 51K. I have seen the belt plopping on a 34K Miles car and it was ready to pop of. It is not really the belt, it is the tensioners and pullies that fail. So it should be done as preventive maintenance. | ||
| Dave Wapinski (Davewapinski)
Member Username: Davewapinski Post Number: 307 Registered: 8-2001 |
I have heard that a 348 major is suppose to be done at 51,000 miles according to the factory, not the 30,000 that people normally mention. Is this true and advisable? | ||
| Martin (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 2740 Registered: 5-2001 |
Why would the car need a 30K soon? If it had it 2 years ago you are fine for another 3 or 6K Miles at least. I would stretch that actually if it was done 2 years ago. Have the belt checked if they become lose. When they go really bad you can hear them flapping in the housing on the cold engine start up. If you can steal this car for less than $60K you are getting the deal of a lifetime! Take it and run. Dust can be fixed, a small tear is pretty much usual and even if you have to redo the leather seat you will end up with a super priced car. Martin | ||
| Chris Tanner (Ctanner)
New member Username: Ctanner Post Number: 29 Registered: 5-2001 |
$57K ($60K-3K) for a 94 spyder is a deal. The top sounds like it is wearing, but then it is 8 years old. Tops don't last for ever, so if you get another 2+ years out of it, you'll be doing great. The luggage is a nice bonus, probably worth $1K. You can sell it to buy the tool kit if you want. You're going to get new tires, which is $1K. Even with the seat tear, which can be repaired, this car is a good value. If you want a 348 Spyder, this may be the car to buy. You'll be hard pressed to buy a spyder at $57K again soon. | ||
| Chris Richardson (Boozy)
Junior Member Username: Boozy Post Number: 208 Registered: 11-2001 |
Sounds like a very fair price to me. In my opinion many people seem to estimate the 348 much lower than they actually sell for. $50k for that car?? You're dreaming. At that price I'll take 2. | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1033 Registered: 1-2001 |
John -- Are you saying that the 1st asking price at the dealer is $80K or that $80K is the real money required to buy it? Seems a little high, if as art suggested, you could actually get the first '94 for something closer to $50~55K and have that much $ headroom for restoration. You're going to know more about the present '94 348 Spider market than I since you're doing the homework -- aren't you? | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 635 Registered: 6-2001 |
John: I bought my 94, 348 with 20k in mileage in 99 for 75k. It didn't need a 30k, was cosmetically flawless. Prices are down, I would suggest a price of about 50k for the one you have described, and after all of the various repairs, you end up with the car with all of the flaws corrected for 70k. You'll be able to drive it for a while, and still get out whole if you decide to sell it. Art | ||
| John Bicsak (Funshipone)
Junior Member Username: Funshipone Post Number: 114 Registered: 1-2002 |
No I believe your correct. I can buy right now though a dealer 1994 Spider red/Tan 12,000 miles a number one 10+ car 30,000 miles service complete with some warranty for $80,000.No hassle no running around to fix one I saw last night plus no surprise inside.What do you think. | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1032 Registered: 1-2001 |
I think "discount", but a late 348, Spider, and the good colors are pluses. Still, from your description, it's starting to show some of the scarring that age eventually brings -- it's not a five-year-old anymore. But I always work this the other way around -- fixing your complete list is a ~$15K deal IMO (using a reliable independent with reasonable pricing -- not that I'd fix everything for my own use), and $3K for the major is a bit of a gift to the seller IMO -- so use $5K for that (again, an independent price with not too many surprises, but not zero surprises either). So if the actual agreed price + $20K is a good deal for a walk-away, perfect, fresh-serviced example of the same model at the same mileage, I'd say that's fairish. (Don't hate me -- I know it's irrational, but) if the price + $20K would buy a significantly lower mileage "9" example then the price is too high IMO. Am I wrong? | ||
| Bak-a-lack-a Bak-a-lacka-lacka ! (Chris_n_chicago)
Junior Member Username: Chris_n_chicago Post Number: 88 Registered: 3-2002 |
That sounds like a pretty good deal. My 1995 Spyder is for sale for $59K. ( because it has lots of miles on it...but mechanically perfect ) Beware though, when they open her up for the 30k they will always find something .... go through those service records! | ||
| John Bicsak (Funshipone)
Junior Member Username: Funshipone Post Number: 113 Registered: 1-2002 |
Good Morning everyone went last night and looked at 1994 348 Spider Red/Black 24,000 miles had 15,000 mile service done at Cauley Ferrari will be due 30,000 now due to time. I would rate car from 1 to 10 my wife gave it a 8, I gave it 7 so I will give it a 7.5 with following visual flaws. Two stone chips on side doors and front lower freshly painted.Upper left corner of seat back small area torn.Convertible top very small cut on edge of right flare.Power windows slow up and down(just like 308).Engine compartment dirty with dust.Rear engine hatch lifters very weak.No tool kit. Original tires man said new ones being added Monday same as originals Dunlops.Interior needs good coating of leather cleaner and conditioner.Has a Bleupunt radio w/12 disk CD in front trunk. Has brand new three piece luggage set never used.Asking price is $60,000. said he could still come down to help with 30,000 mile service I think $3000.What does FerrariChat think.He is moving to Vegas and getting married in 3 weeks wants to sell.I forgot my camera. | ||
| Dave Wapinski (Davewapinski)
Member Username: Davewapinski Post Number: 306 Registered: 8-2001 |
What is the infamous 348 flywheel grease problem? | ||
| neal ezra (95spiderneal)
New member Username: 95spiderneal Post Number: 17 Registered: 3-2002 |
have 95 348 spider since january with 8k miles. was perfect for 3 months/3k miles. first time on track lost oil pressure -bad pump-blew motor cost 20k$$ and 4 months. as long as no further problems was worth it and would recommed whole heartedly!! Negotiate heavily and try to pay in 60's if ok and 70's if PERFECT. beware rolled back odometers too so do a carfax!!! good luck it is the greatest car ever esp in black | ||
| John Bicsak (Funshipone)
Junior Member Username: Funshipone Post Number: 112 Registered: 1-2002 |
I found one here in Detroit 1994 348 Red tan 24,000 miles had 15,000 two years ago will need 30,000 soon third owner car all records going to see Friday night will take lots of pictures.Says he needs money getting married can you imagine getting divoriced from a Ferrari over another women.He is asking $60,000. what do you all think? What is normal cost of 30,000 service on 348 I have an excellent independent garage close to my house half the cost of dealer. | ||
| John J Stecher (Jjstecher)
Member Username: Jjstecher Post Number: 298 Registered: 1-2002 |
Easy Frank I like red! Silver is an Porsche/Audi color! :P I do have to agree with you though that the 360 doesnt look good in any color except in my opinion black. | ||
| Fred (Iluv4res)
Junior Member Username: Iluv4res Post Number: 77 Registered: 8-2002 |
value=$60-70k, imho. | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1233 Registered: 9-2001 |
you mean a dino, right  | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1308 Registered: 9-2001 |
I would say $75k or so. But, IMHO I would stay away from a red Ferrari. A Ferrari is a much to beautiful car to be painted red. Save red for Corvettes and Vipers where that color belongs ! | ||
| John Bicsak (Funshipone)
Junior Member Username: Funshipone Post Number: 111 Registered: 1-2002 |
Thank you for your insight now the big question what is a fair price for a 1995 348 spider red, tan interior 13,000 miles all records, belts replaced and all service up to date clean car. | ||
| Jon Gwinn (95spider348)
New member Username: 95spider348 Post Number: 5 Registered: 12-2001 |
Frank, good point! I only saw the Red and Yellow at the store but when the next one goes I will look at that one. The aftermarket installation of the stereo extended the power leads so I fortunately have had no problems except for the 1 arm 20# power lift! | ||
| Chris Chindlund (Cwc)
New member Username: Cwc Post Number: 3 Registered: 2-2001 |
Jon- I remember your Spider. Silver/Black IIRC. A very nice example, as I recall- and the only Silver one I've seen yet. I'm glad to hear that you are enjoying the car! -Chris | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1304 Registered: 9-2001 |
Jon, on the 94 Spider the Optima orange top is the best battery to use as it has the reverse poles which make hooking up the leads easier. | ||
| Jon Gwinn (95spider348)
New member Username: 95spider348 Post Number: 4 Registered: 12-2001 |
I have had my 95 Spider since August 2000 and the only thing that I have had done are fluid changes. The ECU/thermocouple problem has started to act up, slow down 1/4 when the engine is cold and at idle - works fine when warm. The battery is a pain the first time then you should be able to swap it out in about an hour. Optima Yellow Top is the best as it doesn't seem to mind the occasional complete discharge. The starter is acting up when hot, known issue and a rebuild is fairly inexpensive. The final new issue is the infamous 348 flywheel grease problem. I talked to the local mechanic and he seems to think that they can be rebuild rather than having to replace the entire flywheel. So, I have a couple of winter projects but I have enjoyed the car, it has never stranded me and has never put a drop of fluid on the garage floor. The only key is to make sure the car has all documentation, tools, etc. and you should have no problems, and a Tubi with the top down is definitely worth the $$$. Also, I agree with Frank that the Silver Metallic is a stunning color and fairly rare. | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 626 Registered: 6-2001 |
John: I owned my 348 Sypder for about a year. Bought in 99, traded it in on the 355 in 00. Car worked much better than the 348 TS (90) that I had earlier, but I did have problems with the ECU and oxygen sensors. Fortunately they were covered under warranty. Handled much better than the TS and had a great sound even with the stock exhaust. Battery replacement was difficult, because you have to take the front wheel off. I had problems with the cam seals leaking, there is a fix for that problem, and although the service manual doesn't mention it, the seals need extra sealant around them. I would not allow those seals to continue to leak, as they leak onto the exhaust, and if the leak grows, you've got a fire. The 348 is the first truly modern Ferrari and a great car. Have fun with the new car. Art | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1302 Registered: 9-2001 |
I have had my 1994 348 Spider since January 2001 and love it. It is my 5th Ferrari having previously owned a 328GTS,400GT,TR and 330GTC. Over all I have had more fun with the 348 than any of my other Ferraris. The only problem I have had with the car was the need to replace the battery, although the cam seals do seep a little oil; but not enough to worry about and I'll take care of it at the cam belt service next year. For my needs it is plenty fast, sounds great, looks great and is a blast to drive. I have driven it to the USGP in Indy twice from Atlanta as well as to the beach in Florida several times with no problems whatsoever. I have put over 7000 miles on it since Jan 2001. IMHO the Spider looks best in silver, blue or yellow. Look around and find a nice car that has been well maintained. Also, IMHO I would rather find one that needed a cam belt service and pay less as a result so I could get it done myself at a shop of my choice rather than paying a premium because it has already had it done but not from where I would have used. Good luck and e-mail me with any questions you may have. | ||
| Martin (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 2723 Registered: 5-2001 |
John, the two Spiders I have had were just straight great cars. No issues and no worries. The Spider I have for sale right now has served me great in LA when I picked up the car. 600 Miles from the City to the desert and through Angel Crest Highway up to 8000 feet down to the City again. Never missed a beat, never any grieve. All problems have been worked out on the last 348s, and the early 348s really do not have great problems either. Overall a great car. Send me an e-mail if you want to know more about my 348 Spdier for sale. Might take in your 308QV. | ||
| John Bicsak (Funshipone)
Junior Member Username: Funshipone Post Number: 110 Registered: 1-2002 |
I am planning on selling my 1984 308 GTS QV and up grading to a 348 Spider 1994 or 1995 would like to learn as much as I can before my search begins. If any FerrariChat members could give me any insight on what to be concerned about please share your experience. We can discuss on this form or direct through [email protected] thank you in advance for any help. |