| Author | Message | ||
| Sean F (Agracer)
Junior Member Username: Agracer Post Number: 150 Registered: 2-2003 |
"1978 GTB perfect shape. Stebro exhaust 86 point car on concourse. Red on sadlle. New connely interior. I have posted pics of it before. Best price I could get was 24k" Damn, I wish you'd have said something. Did you advertise it? I'm looking for a carb. GTB, red/tan. Although I'd prefer a '77, I still would have considered your car! | ||
| Bruno (Originalsinner)
Intermediate Member Username: Originalsinner Post Number: 1134 Registered: 5-2002 |
Tr. Very correct in my market statement. Cars are SELLING for under $50k. I would have one by now but I see a $42k car this winter (or sooner). Yes I do own maintenance. Gives me an upper hand when negotiating a lower price on a car with maintenance due. And Henryk is correct about there being people that must sell. There are starting to be a lot of cars not just Tr's that MUST sell. I missed a 20k mile 328 correct colors 2 owners full service for 35k. A sweet red on black ow miles went high bid on ebay for 37k .I saw that car.Perfect. I wouldnt bid over 37k. Took 2 ebay listings for seller to get rid of it. I know people out in the chat paid a lot for their cars but this happened at the end of the 80's cars must sell. Prices are falling. If economy stays same prices will continue to fall. I also noticed that the Spring pick up wholesalers were waiting for didnt happen. Not picking on anyones car but they are coming down. And the tr is out of favor. Also looking to add 365GTC4 to collection. Any condition if anyone knows of any email me. Still seeking 400i 412 328 gtb or gts. 246 as soon as they hit 50k. Was waiting for 355 berlinettas to get into 70's and they did but I think 60's are coming . So I'll wait. Also I sold 3 cars in the past 2 weeks. 1978 GTB perfect shape. Stebro exhaust 86 point car on concourse. Red on sadlle. New connely interior. I have posted pics of it before. Best price I could get was 24k 1981 gtsi average car excellent driver no rips tears-23500. Which I was suprised I thought it would bring less but the guy wanted a gts real bad. 1980 400i. average driver. I used as daily driver for a while. Check archives (daily driver) 17k. Best I could get. Have offer for another car at a really low price but I dint take it so I wont post the results. It is a vintage 12 cylinder for under $50k however. REMEMBER. CARS DEPRECIATE.THEY ARE NOT AN INVESTMENT. A TRUE COLLECTOR LOVES WHAT IS HAPPENING RIGHT NOW. Pick up great cars cheap. | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 717 Registered: 8-2001 |
Jeff: If cars sell less in the Midwest, I can only conclude it is because of our conservative nature, and there isn't the demand here as much. When asking the coasties, why not buy there, the answers where more like: mostly garage queens, asking a lot; or can't find one (believe it or not). If Bruno is correct, then he should be picking up his TR this weekend!!!!!! | ||
| Paul DeVivo (Pdevivo)
New member Username: Pdevivo Post Number: 24 Registered: 9-2002 |
Must have when buying -- inspection and must see the service records. Followed my own advice with an 87 TR last summer and very satisfied. | ||
| Jeff Green (Carguy)
Member Username: Carguy Post Number: 295 Registered: 10-2002 |
Hi Henryk...you ask a good question about geographic locations and cars available. I had a 2nd job in evenings at a Vette and Classic Car dealership (read..dreamjob) and car prices do vary depending on where they are located. A car in the midwest could usually be bought for less than the same car on the west coast. Strange but true, the midwest generally has the lowest values. And smart, patient buyers are willing to look for the right car at the right price. The "I want it now" buyers usually buy close to home and pay a bit more. About my TR and it's little problems...I finally see the light at the end of the tunnel. The right side gas tank will be fixed tomorrow and I'll install it this weekend. Then she's ready for some driving. I could be the "poster child" for cheap TRs because everyone knows what a pain it's been to sort out. But since I do the work myself I save tons and it's kinda fun. My neighbors are always popping in to see what I'm up to, and I take every opportunity to educate them about my car and Ferraris in general. And when I'm done I'll KNOW my car is okay. It's been a very good experience, but not one I wanna repeat anytime soon. Bruno, in your last post are referring to a Viper or a TR for "under 50"? | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 715 Registered: 8-2001 |
Hi again Jeff: While we agree, unfortunately, this does NOT take into account the seller that MUST sell, whether a TR or Viper. This is a car that will sell for BELOW it's value......I just hope that there aren't too many......however, the buyer only needs one. Fortunately I don't HAVE to sell.......this way I will put LESS miles on my Boxer. I can't help but read your threads about the small problems sorting your car out. I hope it finally ends.......the car does look nice. Bruno: What TR are you actually trying to get for under 50? Do you work on them yourself, or rely on a dealer? I disagree with your statement "too many for sale...". The offers I had, came from the East and West coast....I live in the Midwest. If your statement is correct, then why can't they find one where they live? | ||
| Bruno (Originalsinner)
Intermediate Member Username: Originalsinner Post Number: 1130 Registered: 5-2002 |
under 50. Dont buy any without ppi and up to date maintenance. Too many for sale cheap. Car is out of favor. Trying to buy 1 myself right now. | ||
| Jeff Green (Carguy)
Member Username: Carguy Post Number: 294 Registered: 10-2002 |
RIGHT ON HENRYK !!!!!!!!!! I was actually looking at buying a Viper GTS prior to getting my TR, but prices would not go below about 50k no matter what. After looking at maybe 15 cars I finally went to a gathering of Vipers and started asking questions. Several owners did admit that it was an "unwritten rule" not to sell your Viper for less than 45-50k. If you don't get your asking price then you don't sell it. I absolutely believe this to be true. I wanted a '96 or '97 blue w/stripes or a later silver one and it had to be trashed to be priced in the forties. We Ferrari owners should consider a similar policy. There is something wrong with the picture when a car is worth more if it's parted out than if it's whole! And that's where TRs are headed unless something changes. I say let's start RIGHT NOW! THANK YOU HENRYK FOR REMAINING TRUE AND STEADFAST! | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 712 Registered: 8-2001 |
When I put my 88.5 TR for sale last year, I asked upper 40's, on other peoples advise.....namely the dealer. It had 63K miles on it, and it was totally original and US model, except for the new Tubi exhaust (had the original).....NO SALE!!! After Winter storage I thought the price was too high, so I lowered it to the mid 40's, FIRM. I did feel guilty selling it at that price. However, I ended up with a couple of offers for around $40K.....I said no.....then took it off the market. To prove that this was a "no stories" car, I put 3,000 miles on it this Spring, with NO money spent on repairs......not even a quart of oil. I think I did every TR owner a favor, by NOT selling the car. If I did, then it would only prove that TR prices are at rock bottom. Final impressions of buyers: They only want to steal the car, giving excuses of the economy, and especially, the so called high miles. I recommend every TR owner to hold firm on the price, or not sell......ONLY then, will the price stay reasonable. | ||
| TR Heaven (Johndillinger)
Junior Member Username: Johndillinger Post Number: 120 Registered: 7-2002 |
ultimate ass  | ||
| wm hart (Whart)
Intermediate Member Username: Whart Post Number: 1107 Registered: 12-2001 |
Chicks? (Sorry i couldn't resist). Where is Will H.? He knows a shitload about TRs, not to take away from any of the advice you have been given here. They were never my favorite (i like the looks and more archaic quality of the boxer), but now that the 80's are truly over, and the gold chain crowd has moved on, there is something quite appealing about them. I was following Hutch's TR periodically on our way to Reading last weekend, and it looked wonderful from the rear (where most people should be seeing it), as well as from a side profile, in motion. | ||
| TR Heaven (Johndillinger)
Junior Member Username: Johndillinger Post Number: 116 Registered: 7-2002 |
i saw and dismissed a lot of so called "mint" TR's before i found mine. Traveled many miles, only to be extremely pissed off after viewing the cars. you get what you pay for - remember that - i would (if i buy a 360) ask around 70k for mine - and i consider it one of the "few" clean TR's ive seen. | ||
| Jeff Green (Carguy)
Member Username: Carguy Post Number: 293 Registered: 10-2002 |
All you guys with pristine TRs are lucky. I'm a poor boy so I had to buy one with some stories. My car has excellent mechanicals but did not receive the best care in it's life till now. I'm slowly getting her back in top shape. It's my first Ferrari and I've learned a lot working on it and enjoyed it immensely. It certainly won't be my last Ferrari as I've got the fever bit-time. It is definately a buyer's market right now. I kinda wish prices would start climbing, but I still wonder if they have hit bottom or not. I bought my "stories" TR in the mid forties and am happy. But I know now that I could have gotten it cheaper if I could have kept my emotions in check. Oh well. I still did okay. Like Preston says...you get what you pay for. There is no such thing as a "cheap" TR as you'll sink lots into it getting it back to top standards. The money is better spent up front for a perfect car in my opinion. I think 65k is a reasonable price if no major services are required for a few years. And red with red is a rare color combination. | ||
| Preston Davis (Pdavis)
New member Username: Pdavis Post Number: 5 Registered: 4-2003 |
I think everybody is right to some degree. I think you get what you pay for with these cars. For a really clean example,ie., no road rash-virtually no wear on the seats, a clean engine with major recently done and low mileage with a good service history - I think low $60s is a fair price. My opinion. pd | ||
| Ralph Koslin (Ralfabco)
Junior Member Username: Ralfabco Post Number: 151 Registered: 3-2002 |
COUNTACH QV Ahhhhhhhhh | ||
| luis lecusay (Testaroja)
New member Username: Testaroja Post Number: 1 Registered: 5-2003 |
I own a 1988 testarossa and its got 31,000 miles. Its got a fresh $12,000 major service done at ferrari dealer by a formula one mechanic who was in the factory team for the last 5 or 7 years not really sure which, I bought it with 9,000 miles and the 15,000 service 3 years ago more or less for $82.000. If I was to sell mine you can be sure that it wont be in the 50's or 60's. | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 711 Registered: 8-2001 |
Preston: Remember, one can pay retail, ANY day of the week. Why should one pay retail in this economy? If I wanted another Ferrari right now, regardless of model, I would only buy it if I could STEAL it!!!!!!! | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 710 Registered: 8-2001 |
Preston: Haven't you figured it out yet, that those FML prices are over inflated? I stand by my mid 50's price. | ||
| Preston Davis (Pdavis)
New member Username: Pdavis Post Number: 4 Registered: 4-2003 |
According to the latest Ferrari market letter a 1989 car in great condition (great is a relative term) should sell for low to mid 60s. I recently purchased a 1988.5 for $62,000. Hope this helps. pd | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 689 Registered: 8-2001 |
How many previous owners? At 11,000 miles, it should look PERFECT. NO seat wear whatsoever, with perfect paint. If not, then someone disconnected the speedometer...a very common practice, and very easy to do. When was the 9K service done? I just had an 88.5 TR for sale. I took it off the market, because, the fun factor was WAY more than the offers. The TR is really in a slump right now......prices VERY low! I would say mid 50's. Good luck | ||
| CHAD STEVENS (Tahoecrs)
New member Username: Tahoecrs Post Number: 44 Registered: 6-2002 |
my dad has always loved the tr's. He has been considering getting a 500sl, then came up with a chance to buy a 1989 red/red tessarosa, it has 11,000 miles, tubi exaust and it hasnt been conformed if the 15k service has been done or not but there was servicing done at 9k. i was wondering if this is a good buy, what to look for, problem areas, it was made feb 89. i dont know if there is a way to look up by VIN # i dont have a carfax account but the VIN # is ZFFSG17A8K0080371, the asking price is 65k. i have seen on ebay right now most trs are going around 50k. what would be a reasonable price? any help would be great. thanks chad |