| Author |
Message |
Dave328GTB (Hardtop)
New member
Username: Hardtop
Post Number: 50
Registered: 1-2002
| | Posted on Thursday, March 28, 2002 - 10:50 am: | |
Salvage titles are generally considered a 1/3 deduct, even if the car is perfectly repaired. Another deduct is the boxer paint. Even if you like it, it devalues the car by the amount it would cost to make it all red again, probably about 3K. If I were interested, I would deduct another 5K minimum for unknowns. Engine fires are very serious on Ferraris because the aluminium is easily melted or distorted from heat. My guess is the insurance company really figured it needed a new motor plus other stuff costing more than 30K for them to total it. At the very least, I would want to see the adjuster's report. If I couldn't, I would run away. With so many nice 328's out there, I se no point in this car even at the current bid.
My 2 cents.
Dave |
Mitchel DeFrancis (4re308)
Member
Username: 4re308
Post Number: 466
Registered: 6-2001
| | Posted on Thursday, March 28, 2002 - 9:11 am: | |
Well, it had to have some sort of paint work, as the boxer paint trim was never offered on the 328s. So we can start there with why it has had body work!? |
Richelson (Richelson)
Member
Username: Richelson
Post Number: 655
Registered: 12-2001
| | Posted on Thursday, March 28, 2002 - 8:41 am: | |
Stay away from it. It doesn't look very good either. |
Ken (Allyn)
Member
Username: Allyn
Post Number: 257
Registered: 10-2001
| | Posted on Thursday, March 28, 2002 - 7:55 am: | |
The risks are it's a piece of sh*t car. If you live in the neighborhood check it out in person. If not, what's a plane ticket compared to a $30k plus disaster? |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 1673
Registered: 5-2001
| | Posted on Thursday, March 28, 2002 - 7:54 am: | |
I think the current price of $ 27,500 is the max one should pay for this car. It does have a salvage title and burned cars are always tricky. No matter where.
They have a reserve probably set at $ 35,000 which is the value for the same car with a straight title.
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Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 165
Registered: 8-2001
| | Posted on Thursday, March 28, 2002 - 7:43 am: | |
What are the risks involved in this car?
Thanks, Dave
http://cgi.ebay.com/ebaymotors/ws/ebayISAPI.dll?ViewItem&item=1814331314&r=0&t=0
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