| Author | Message | ||
| Carlos Amato (Carlos308gtsi)
|
I believe the prices of really good 308's will go up as time passes. The question is:Will owner's of cars worth buying going to be willing to sell them?. I took me a year and a half to find one in the condition I wanted. (16,000 mile in concours and completely original condition) At that time I felt maybe one day I would sell the 308 to "move up". Today I honestly say I will keep this car forever. A 355 will be next, but the 308 will always be there. | ||
| '75 308 GT4 (Peter)
|
Now this is going onto another plain here. We have these Ferraris because we love them. Before I got my Ferrari, I was in a position to buy any kind of sports car. I looked at everything (british, german, etc...). I also focused on specific marques, namely Abarth. But somehow they never fully did "it" for me. I guess the planets were aligned when I saw my GT4, because everything about the situation was perfect. I will never ever regret this. I only look forward to when I can step up. Or I can keep this thing forever. This is what drives this passion. Its not about the value, will it appreciate/depreciate, etc... If 15 years from now the GT4 will drop out, it wouldn't bother me, it would be 15 years of pure bliss. But I don't see this happening. The 308 will go down in history as THE Ferrari, people will always want it. | ||
| William
|
I got my 93 512TR a year ago & its an awesome car. The power, acceleration, & speed r breathtaking. But when I come into a braking zone or any corner on a track I remember that my 308QV would kick the 512TRs butt all the way through the braking zone & the twisties. They r both equally beautiful in my opinion, just different, like 2 beautiful women. I dont really think the price of the car has any meaning to a serious car nut. u can appreciate & have a blast in a Miata just as well as in a 250GTO. Only foolish ignorant snobs judge people by how much $ u spent on your car, the true value is in how much pleasure can be derived from driving it & enjoying the beauty of its design | ||
| Bret M |
Someone else summed it up when they said that the value of a car is entirely different than its inherent worth. I see alot of people with nicer Ferraris than mine (in my town there is an F50, 2 F40s, a dozen 355s, a few 360s, a 246GT, and a lot more). There are a couple people with 308s (I'm one of them). Out of all the people, I would definitely say that I'm the most into Ferrari, which in my opinion is what counts. Sometimes its weird because some of the other guys could probably buy Ferrari, not a car, but the company, but they don't have the time to enjoy their cars like I do because they have to work a lot to make that money. Also, I think that the 308 is just about the best Ferrari ever, think about how awesome it was compared to its contemporaries. Compared to the cars of the seventies and eighties it was out of this world, much more revolutionary than the newer cars are as compared with modern cars today. Don't get me wrong, I love the new cars, but the 308 will always hold a certain place in the hearts of any Ferrari fan. It's weird because my dad could get a new Ferrari, but he doesn't want one, he only helps me work on the 308 (which I bought) to humor me. I don't think the money thing matters, it's how much you like the cars. Also, I know a lot of people that have a lot of money and likewise have a lot of problems, I mean lots of problems. Someday I hope to be able to buy those new Ferraris (which probably will happen) but I don't want all the problems that go with it, trust me its not worth it to have the new Ferrari but not be able to sleep at night. I would say that probably 85% of the people that can get new Ferraris have lives that I would definitely not want. Like everyone I know that is rich has so many problems. I bet alot of those rich guys wish they could have a more normal life. Besides which, you have to be pretty successful to get any Ferrari, regardless of the model. Any model that you could have means that you are financially stable enough to have tens of thousands of dollars at your disposal for fun, which is more than 99% of the nation has. Everyone that has a Ferrari should be proud of it. If you didn't have one, you would drool over every Ferrari you saw, regardless of the model. | ||
| '75 308 GT4 (Peter)
|
At a cocktail party held at Brian Jessell Ferrari here in Vancouver, I did feel a little bit out of place. Here I am, a 24 yr old blue-collar worker mingling with millionaire lawyers and businessmen with two or three 355's, 550's, 360's, etc... But then again, I've got them beat because my car is one of the rarest around here. There's only two in the whole province and mine's the only one on the road. Roy Kan, director of the regional FCA here claims that my car is a dying breed. "There aren't too many 308's left here" is what he said. They also seem to remember me by my car: "oh ya, you have that black GT4..." I wouldn't be surprised to see 10, 15, 20 years down the road that our mere 308's will be very expensive. | ||
| cdtrifiro
|
DO we really care about the price or the reliability! We are lucky to own a Ferrari! Less we forget that the 308 and Mondial (I own an '84 Mondial QV Cab. - I believe it to be one of the most beautiful Ferraris ever made) were designed when Enzo was alive, were developed and made by hand by the same engineers and mechanics and in the same factory as the classics! And, when you consider that an annual production run of 6,000 or 7,000 is still miniscule compared to 220,000 for a Camry, you certainly have a rare car! The V12 elitists should embrace all Ferraris - the mere statment that any Ferrari is not special in its own right, is a statement made from ignorance. | ||
| William
|
regardless of $ I think the 308 is 1 of the most beautiful cars ever built. Far more visually appealing than a 360 or 348 although the 355 is very nice also. U want to talk about dividing social classes u should have been at the Cavallino Classic, guys with $100-300,000 cars were merely middle class when u have a paddock full of $1M +++ classics  | ||
| Anonymous |
I believe that the 308-328 & Mondial body style has become a second class citizen since the cultural elite has passed them down through the classes and possibly look down on them and possibly their owners. Some day the 348 and 355 and 360s will be in the same category as the 348 is slipping now. I am just glad to have their scraps. I may be wrong but money sure divides the classes. | ||
| William
|
$106,000 for a GT4 ? whats his number ? I want him to be my investment advisor LOL 308s r starting to become rare at FCA meets, At the Cavallino Classic I think there were 2 although there were a ton of 355s. Were r all the 308s going ? or r they all worn out ? | ||
| '75 308 GT4 (Peter)
|
Back in '89, at an auction in Paris, a 1980 308 GT4 (S/N: 15400) sold for $106000!! (you read correctly, one hundred and six thousand!). | ||
| William
|
I paid $72k for my 85 308QV in 89, Ouch!! but I have enjoyed her & she lasted with me longer than my marriage I just bought a 512TR last year as a Bday present to myself for $110k. I think those were near $400k, out the dealers door, back when they just came out, so u win some & u lose some As a daily driver the 512TR has the 308 beat easily cus the 512TR is just so Awesome!!! the 308s r cool but not in the same league & also from a different technological era Usually when the stock market takes a dump prices on collectibles go up cus people r looking for something that will hold value or appreciate. 308s r 1 of the most beautiful cars ever but I think its gonna be a while till I see $72k + for mine | ||
| mark |
I can't remember the year, but about 10 years ago, Road and Track did an issue about the cars they felt had the best chance of really appreciating. Two cars listed that I can remember were the 308 and the early Jaguar XKE... | ||
| Mondial Man |
In times of low inflation, most collectibles lose value. This is true for rare coins, stamps, Tiffany glass and Ferraris. As soon as we get in an inflationary period, Ferraris will once again go up in price, even AFTER you adjust for inflation. But I agree that the late 80's boom is unlikely to be repeated as long as SUV's seem to be more popular than sports cars, especially those that need as much attention to keep in shape as a Ferrari. I expect that our economy will not be a Carter repeat so I expect prices to remain "cheap". Testarossas and 348's I think have the most downside potential; Mondials have the most upside (I hope!!!). A 3.2 Mondial Cabriolet is all the best of the 328 series, plus open air driving for 2/3 the price of a 328! (I have an 85 QV unfortunately). | ||
| Rob Lay (Rob328gts)
|
Wow, what a topic. I would love to know the answer. Here are a few of my views although their too complex for a single definite answer... 1) We're never going to see prices like those in late 1989. 2) The USA economy is slowly heading south as part of a usual cycle. I think the car market follows the stock market by a few years. Make money in stocks/options, then buy your Ferrari. 3) 308/328 was one of the most common Ferraris. 4) 308/328 is a great design by Pinninfarina and the engine is one of the most reliable. Probably a better daily driver than a 512 BB or TR. 5) People like me that grew up on Magnum P.I. can now actually afford that car they lusted over and there's a bunch of us. 6) Ferrari's seem to always be listed much higher than what the final transaction price ends up as. I think the FML and CPI prices may be a tad high. I think it's a buyers market. 7) Lotus prices have dropped out, but I don't think Ferrari is Lotus. 8) Ferrari just kicked butt in F1 and it's back in America. Press press press. Now we need Ferrari's back on T.V.. shows, although we're still seeing a bunch in movies... (Family man, The Rock, Gone in 60 seconds) So like I said, too many factors to combine for one solid answer. I think for the most part prices will be stable. It won't depreciate like your daily driver, that's for sure. Good Topic!!! | ||
| Anonymous |
Anyone have a good estimate if the ferrari 308 cost will go up,down, or stable during the next 10 years? Any projected analysis? |