| Author |
Message |
Greg Rodgers (Joechristmas)
Member
Username: Joechristmas
Post Number: 690
Registered: 3-2001
| | Posted on Friday, March 07, 2003 - 7:47 am: | |
Thanks for the info. Martin yes it was the one on Ebay. I think it was a 94'. Said 93' on the plate on the door but was listed 94'. It is a Targa. Thanks Again for the info. |
Dave328GTB (Hardtop)
Member
Username: Hardtop
Post Number: 447
Registered: 1-2002
| | Posted on Thursday, March 06, 2003 - 4:28 pm: | |
Greg,
You don't mention which year, and that is an important factor. In '94 the factory sold 32 "factory challenge" TB's and 13 TS's. To be raced, you still had to install a kit which was sold separately. The kit could also be used on earlier cars. About half the 94's were actually raced and the rest were street only. I owned a TB that was not raced (#18of32) I paid 73K for it 11/98 with 1500 miles on it. Sold it 8/01 for 68K with 16K miles on it and needing service. (I also had the challenge kit with it, mostly not installed) Today, I think the same car would sell for 55-60K. There have been a couple for sale recently in that range. Ones that were actually raced are worth less, probably 10-15K less even if they are all sound mechanically. The earlier years that were raced are worth less still. I think realisticly a well used pre 94 woould sell in the 30's. For track use, I would not even consider a TS.
Dave |
Jim Schad (Jim_schad)
Member
Username: Jim_schad
Post Number: 783
Registered: 7-2002
| | Posted on Thursday, March 06, 2003 - 11:47 am: | |
http://www.exoticcarworld.com/images/sale/Ferrari/348%20Challenge%20%20Green/348%20Challenge%20Green.htm
Exotic Car World has a 348 Challenge car. black/green. Not too expensive either. I saw it in Dallas, but didn't drive it. It has plenty of road rash, but am told it is mechanically sound. |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 3868
Registered: 12-2000
| | Posted on Thursday, March 06, 2003 - 9:52 am: | |
348 C's: $30-50k
355 C's: $65-90k
360 C's: $110-150k |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 3867
Registered: 12-2000
| | Posted on Thursday, March 06, 2003 - 9:51 am: | |
The street going factory Challenge cars (1 of 33 or 50) are probably worth more than the Spiders even. However, a beat up 348 raced Challenge car should be significantly less than a street one. I would say $32-38k. www.exoticcarworld.com has one right now you could probably get for under $40k. It is SCCA legal, newly refreshed motor/trans, but paint is crap, window cracked, and I think front spoiler cracked too. If the 355 deal doesn't work out and I don't want to bite that much off then a 348 like this would be good. Get an average paint job and fix the major cosmetic stuff.
By the way, if you want to live vicariously through the FerrariChat.com 355 Challenge team, become a VIP at track events, get your name or business on the car for 18+ months, and receive your own photograph of the car with your name...
http://www.ferrarichat.com/discus/raceteam/index.htm |
Matt Karson (Squidracing)
Member
Username: Squidracing
Post Number: 432
Registered: 3-2001
| | Posted on Thursday, March 06, 2003 - 9:46 am: | |
Martin, I do defer to you regarding your expertise with 348's....but here's a question for you. If you feel that a good street Challenge 348 is valued somewhere at $60k, you really feel that you can get a good street 355 (1995 I would say) for around $70k?
waiver: I believe I remember you saying that is what you thought an early 355 was worth. If I'm wrong, my apologies in advance.
|
Rob Schermerhorn (Rexrcr)
Member
Username: Rexrcr
Post Number: 304
Registered: 11-2002
| | Posted on Thursday, March 06, 2003 - 8:20 am: | |
What's the history on the car? You're right, generally Challenge is less valuable than street, but there may be a very pampered example out there worth more.
I've had experience with three or four really pristine examples that were campaigned in Challenge, but not beat to death, and when sold were in concourse condition with full documentation and commanded a premium price. |
Martin - Cavallino Motors (Miami348ts)
Advanced Member
Username: Miami348ts
Post Number: 3949
Registered: 5-2001
| | Posted on Thursday, March 06, 2003 - 8:17 am: | |
Greg,
the one on eBay???
I bid on it $ 35,000 just for the heck. I honestly would not pay more as a dealer for this car. This car will likely never be able to drive properly on the road again. Too many racing options. Makes a great club racer if you ask me but for street not a good choice.
Look at the car Byron bought from me. That wasa street car, transformed to Challenge, raced 3 times and re-transformed back to street. The cost of a transformation is very expensive and will eat up all the possible profits.
Sicne this is a true one of Challenge cars it will have a little more value but this car has an extensive racing history so it is worn and probably not as good as a less raced car. Face it, you track them they wear.
A good street Challenge one of will be valued somewhere at $60K. |
Greg Rodgers (Joechristmas)
Member
Username: Joechristmas
Post Number: 688
Registered: 3-2001
| | Posted on Thursday, March 06, 2003 - 7:18 am: | |
I was looking at a 348 Challenge. It has been raced, supposedly build from fatory as a Challenge car. Approx. 9K miles on it. I was under the impression that a 348 challenge was worth less than a stock 348. Also I imagine they aren't easy to resell. I found a few stock 348s for $40-$43K with ~40K on their clocks. He wants $45K for this challenge and it doesn't have all of the books/repair records etc. I don't see this car being worth more than $40K. What do you guys think? |