| Author | Message | ||
| Stephen J. MacKellar (89gtb)
New member Username: 89gtb Post Number: 19 Registered: 12-2002 |
Bob - thanks for the nice comment. Your car certainly appears to be one of the 'right' cars I was referring to. I can't see a reason in the world you won't get the $56K your asking for. The 'right' buyers can take some time to find but I can usually tell two minutes into the phone call if he/she is the real deal or someone just having automobile phone sex. Best of luck. P.S. what's next to replace the Ferrari?? | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 624 Registered: 8-2001 |
Arlie: The US models of 308, 328, and Mondials, had K-Jetronic with Lambda (O2 sensor). "The lambda control system includes a lambda sensor, and lambda electonic control unit, and a lambda control valve". This is a direct quote from the Bosch service manual, by Probst. The tech response was probably referring to a Euro 308, which did not have an O2 sensor, as early as US Ferraris required. | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1100 Registered: 3-2001 |
Stephen, very well stated and right on the money. Until you actually go and look at these $30K 328's, you'll be in for an unpleasant surprise. BTW, I just put my 328 up for sale on FerrariAds if anyone is looking for a very clean '89. | ||
| Stephen J. MacKellar (89gtb)
New member Username: 89gtb Post Number: 17 Registered: 12-2002 |
Until you actually kick some tires - meaning visiting these cars in person vice viewing them on the internet, you really can't make an assessment of worth and value. As someone else noted, what appears to have been a very pristine 89 GTS did not meet reserve at $59K. This was a 7K mile car. I happily paid $60K recently for my less than 1K mile 89 GTB that is in museum quality and does not suffer one bit from any of the urban legends often associated with low mileage cars. The best car you can find now will be the least expensive in the end. Car prices for any model are all over the map, but generally track with the condition, miles, etc. Considering the cost of repairing anything on a Ferrari - much less the drive train - you'll be miles and money ahead by spending a bit more - even ten to fifteen thousand more - for getting the 'right' car. Just my humble opinion and experience from only having bought the best examples I can find of many previous makes and models - Ferrari being no different. OK, I'll step down from my soapbox! Good luck. | ||
| Horsefly (Arlie)
Member Username: Arlie Post Number: 937 Registered: 5-2002 |
Mitch, your comment goes just the opposite from answers to a question that I received over on the tech site. They told me that the K-Jetronic fuel injection systems as used on the 308s do not use an electronic control module or electronic injectors. So failing electronics would therefore not seem to be a justifiable issue concerning the 308 FI cars. I was also under the impression that the 308 FI cars used extensive electronics, but apparently not according to the guys on the tech board. | ||
| Mitch Alsup (Mitch_alsup)
Member Username: Mitch_alsup Post Number: 460 Registered: 4-2002 |
One reason the carb cars may be on the rise, is that they can continue to be serviced and run well, while some old FI systems become unreliable after 25 years from electronic issues. That they make better noise is a plus. | ||
| Mike Fisher (Mikef)
Junior Member Username: Mikef Post Number: 184 Registered: 11-2001 |
Just received my new issue of Hemmings and noticed how thin it seemed. I compared it to the pile of odd old issues and it is the thinnest in years. Also noticed there was a lot more editorial and articles than ever before. There doesn't seem to be much for sale. Maybe people are holding waiting for higher prices. | ||
| Richelson (Richelson)
Member Username: Richelson Post Number: 856 Registered: 12-2001 |
IMHO 308 Prices seem to be on the rise. I am stilling looking around at QVs but many of them are in the high $30s. The carb 308s look promising too. I have noticed a drop in other areas of the Ferrari market though. | ||
| Marq J Ruben (Qferrari)
Member Username: Qferrari Post Number: 281 Registered: 2-2002 |
No, Willh, not me...never sat in the car while checking it out as its an F1 trans (not my taste). Was told the owner traded it in on an SL500. He got the SL and cash for the Ferrari. | ||
| will h (Willh)
New member Username: Willh Post Number: 9 Registered: 3-2003 |
Marq, I also saw it on Saturday, perhaps you were the tall fellow trying it on for size while I was there. I also thought it was a very nice car. The Mercedes folks I talked to seemed eager to get rid of it. I walked across the street to the Bentley dealership - great neighborhood! - they say they have over 100 folks on the list for the Continental GT. I wonder if the 360's prior owner picked up an SL 55? Interesting trade, really - not to knock the SL at all, I think it's a beautiful car. Maybe the PO just wanted a new toy. Will | ||
| Marq J Ruben (Qferrari)
Member Username: Qferrari Post Number: 278 Registered: 2-2002 |
Yes, compared to the numbers I see listed, that IS a relatively low price. Although, I have no idea as to the actual value at which they change hands. Jus' talking about 'listed/published' prices. | ||
| Marq J Ruben (Qferrari)
Member Username: Qferrari Post Number: 276 Registered: 2-2002 |
Willh: Went by to look at that car on Saturday. They gave me a call to come by as they thought I might be interested in the car. Silver/blk, 2800 miles, shields, red calipers, F1 trans. Nice car. Owner traded it in on an SL. | ||
| will h (Willh)
New member Username: Willh Post Number: 8 Registered: 3-2003 |
On the newer end of the market, a local Mercedes dealer has a 2800 mile '01 US 360 spider asking $200k, seems (relatively!) low to me. | ||
| Erich Walz (Deleteall)
Junior Member Username: Deleteall Post Number: 213 Registered: 12-2001 |
That's a cool color. | ||
| David W Burnett Jr (Dbdreams)
New member Username: Dbdreams Post Number: 32 Registered: 3-2003 |
I agree, even if this was a factory color I think that a color change in this case would actually improve the value if properly done. Here is a link if anyone is curious about this odd color. http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6212&item=2408868428&rd=1 | ||
| Jack (Gilles27)
Member Username: Gilles27 Post Number: 675 Registered: 3-2002 |
In this case, I think the brown paint job may be a key to the mystery. | ||
| David W Burnett Jr (Dbdreams)
New member Username: Dbdreams Post Number: 31 Registered: 3-2003 |
The auction just ended on the brown one and it brought $27,600 but the reserve wast not met. | ||
| Jim Schad (Jim_schad)
Member Username: Jim_schad Post Number: 907 Registered: 7-2002 |
the brown one was in traderonline.com before and sold for $29,900 and now is listed for $36K by new owner. Had no records before it said. | ||
| David W Burnett Jr (Dbdreams)
New member Username: Dbdreams Post Number: 30 Registered: 3-2003 |
Jeff now that you mention it I think I do remember seeing the brown one on AutoTrader's website. I called about it because the ad had a picture of a red one but the guy said it was another color and gave me a link. Didn't look bad from the pictures but I just didn't like the color. I didnt realize it but I gues you are right the car I called about was in Florida as well. Most likely the same car. | ||
| Mike Procopio (Pupz308)
Junior Member Username: Pupz308 Post Number: 205 Registered: 10-2002 |
Hehe, that brown is called "Marrone," boys! Some people think it's kinda classy ;) As a carb 308 owner, I believe that there is a growing distinction, as time passes, between a carbed, true "classic" 308 and the later models... My experience, having seen quite a few of the entire 308 range, is that there is a line drawn after the carb 308s and before everything else that came after. Probably has something to do with the carbs... My final analysis is that these cars--the 308s and 328s--are so classic in design that their appeal (and hence demand) will stay the same as those that grew up with the cars come up with the means to own them. That said, desireable examples, I believe, continue to become rarer and rarer. Why? It's so easy to let these cars get away from you. Couple of bad components, and people will part them out just like that. My feeling is that, in 3 years, a carbed 308 will have held its value next to inflation, in 5, it will be just ahead of the curve, and in 10 years, will have appreciated significantly adjusted for inflation. People like these cars, folks--their appeal is universal and the people that grew up with them are more and more starting to realize their dreams  . MHO. --Mike | ||
| jeff ryerson (Atheyg)
Junior Member Username: Atheyg Post Number: 206 Registered: 8-2002 |
~ | ||
| jeff ryerson (Atheyg)
Junior Member Username: Atheyg Post Number: 205 Registered: 8-2002 |
There was also a nice 328 that didn't sell for $59,000 Its a buyers market and people are and can be more pickey so ratty cars sell for less now, nice story free Ferrari 328s will sell above 45k and other clean models will hold their prices as well THe brown 328 I have seen before in autotrader and ebay, he was trying to get 29k but it looked rough, this dealer must have bought it cheap and fixed up some of the cosmetics | ||
| Jordan Witherspoon (Jordan747_400)
Member Username: Jordan747_400 Post Number: 602 Registered: 12-2002 |
The real question is how long will these prices last? Are they going to go up in value again in the future? | ||
| David W Burnett Jr (Dbdreams)
New member Username: Dbdreams Post Number: 29 Registered: 3-2003 |
There is also another one on e-Bay right now that is an 86 328 GTS with a buy it now price of $36,900 with only 29K miles and it says it has just been fully serviced including spark plugs, ignition wire, hoses, filters and belts. Also doesnt sound bad but it is and unusual color, it look like a brown or somehting. I am sure that red or black would bring more. | ||
| "The Don" (Mlemus)
Advanced Member Username: Mlemus Post Number: 3322 Registered: 8-2002 |
I have noticed that carb 308's are rising slowing while the I and QV's are dropping. | ||
| David W Burnett Jr (Dbdreams)
New member Username: Dbdreams Post Number: 28 Registered: 3-2003 |
On e-Bay right now there is a 1986 328 GTS, and the reserve has already been met at $28,600. Red/Black 53K miles This 328 GTS has just received it�s major service less than 200 miles ago It included replacement of all filters and fluids, new timing belts as well as an air conditioning service. It sounds like a good deal at that price. Im not familiar with buying a car on e-Bay though, if it were me I would try to make arrangements to check it out before the end of the auction. The pictures look good but you never know what it might look like in person If I had my ducks in a row this would definitly be one I would want to check out. | ||
| Bruno (Originalsinner)
Intermediate Member Username: Originalsinner Post Number: 1058 Registered: 5-2002 |
328 and 308 prices have fallen and are continuing down. At this point it's all the economy. Or everybody that really wants a Ferrari has one. And no one else will enter the market until the prices fall further. Supply Demand ? | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 546 Registered: 5-2002 |
Buy low and sell high...... | ||
| Jim Schad (Jim_schad)
Member Username: Jim_schad Post Number: 891 Registered: 7-2002 |
I just saw that too and emailed the guy. However there are always "get rid of it" sellers. Had a friend who would buy things and then when he was ready to trade up he would dump the current vehicle for any offer he got just to be rid of it. If he hadn't trashed the cars they woudl have been steals. | ||
| Martin - Cavallino Motors (Miami348ts)
Advanced Member Username: Miami348ts Post Number: 4129 Registered: 5-2001 |
Prices have dropped. At $27K you probably get a car with issues but yes they have dropped. Why? who knows. Everything has dropped is all I can tell you. | ||
| Dave L (Davel)
Junior Member Username: Davel Post Number: 247 Registered: 7-2001 |
Those prices are simply where the auctions ended. Prices for 328's seem pretty solid. Most early 328's sell in the 40s and most good 308's are in the high 20's up to high 30's. If an auction ends and the reserve is not met...thats the price you see, not what the vehicle might have sold for offline post auction,if it sold at all. | ||
| DES (Sickspeed)
Advanced Member Username: Sickspeed Post Number: 2973 Registered: 8-2002 |
If the prices drop just 30k more, i'll be an owner...! | ||
| Arnaud (Adesalos)
New member Username: Adesalos Post Number: 9 Registered: 3-2003 |
Just look at ebay and was wondering why do price of 328 GTS are falling this far. All auctions finish around $30k-$35k for 86-88 models. One has even a reserve price met at $27k. At the same time, 308s hold good. Any explanation? |