| Author |
Message |
Mark (Study)
Member
Username: Study
Post Number: 526
Registered: 10-2001
| | Posted on Tuesday, June 24, 2003 - 1:41 am: | |
It took Ferrari 30 years to build as many cars as Ferrari builds every 10 years starting in the modern period of the 1980's
The wild F-car market of the 80's was caused by lots of money going after a small number of cars.
Now we dump 40,000 F-cars every 10 years into the pool. (someone check my numbers... just trying to make a basic point). The mathamatics of F-car values have changed forever. |
PeterS (Peters)
Member
Username: Peters
Post Number: 888
Registered: 1-2003
| | Posted on Tuesday, June 24, 2003 - 1:35 am: | |
I bought my '77 Euro 308 for $15.5K last Feb (very low chasis #). It will be on the road in about three weeks after some high-end TLC. I will post pics. It will be drop-dead gorgeous. I would be very interested to know what the masses here feel the value may be. |
Mike B (Srt_mike)
Member
Username: Srt_mike
Post Number: 255
Registered: 12-2002
| | Posted on Tuesday, June 24, 2003 - 1:27 am: | |
I wonder what the endgame is for these cars. As new cars are pumped out, it will necessarily depreciate older ones. Yes, parts value will set a floor, but if the parts value of a 308 is $20k, what happens when the 360 is where the 355 is, and the 355 is where the 348 is, and the 348 is where the 328 is, etc, etc. What does that do to the prices? If the spread continues to diminish, how close does a 348 get to a 328 before people skip the 328 and go to the 348? Same with the others.
I'm not sure... |
rob guess (Beast)
New member
Username: Beast
Post Number: 25
Registered: 5-2003
| | Posted on Monday, June 23, 2003 - 10:29 pm: | |
Jack;
Or you could have used my first car as an example. A Pinto station Wagon with a 302 under the hood. The head cheerleader at my high school crushed it with her daddys jacked up 4wd truck then drove off. I am just suprised it did not burst into a ball of flame. Remeber that pintos were famous for that one.
the most i would ever bit for a pinto in showroom condition would be $5.00
But John still wants to part with a tr for a $1.00 i would give him $2.00 and even pick it up :-) |
Jack (Gilles27)
Intermediate Member
Username: Gilles27
Post Number: 1062
Registered: 3-2002
| | Posted on Monday, June 23, 2003 - 3:52 pm: | |
An extreme example of course, since I wouldn't be surprised if people crush perfectly good Pintos merely out of sport! |
J.D. Smythe (Jeff)
Junior Member
Username: Jeff
Post Number: 202
Registered: 2-2001
| | Posted on Monday, June 23, 2003 - 3:03 pm: | |
This is somewhat related to the question. I was watching the last Barrett-Jackson Auction on tv and the future value of Ferraris came up. One of the announcers made an interesting comment that in 10 years a Ford Pinto would bring more money at an auction than a Ferrari (he didn't mention a model or year of Ferrari). His reasoning was that Ferraris keep getting restored whereas the Pintos were crushed in some salvage yard. Pintos will be a rarer car than an old Ferrari. There is probably some truth to this. I can't remember the last time I saw a Pinto on the street. |
Ken (Allyn)
Intermediate Member
Username: Allyn
Post Number: 1011
Registered: 10-2001
| | Posted on Monday, June 23, 2003 - 2:03 pm: | |
Every car has a theoretical bottom end value as parts. Given the high cost of lots of Ferrari replacement parts, that will keep any Ferrari that's "all there" at some threshold.
The more pertinent question (which has been discussed in other threads) is at what point does the repair/maintainence cost for a car become so much more than the value of the car that only core enthusists and/or the insane keep/restore it. My car, a top condition Lotus Europa Twincam, falls into this catagory. I've spent double its resale value so far and I'm not quite done yet. While I've seen its value go up incrementally I hold no illusions that it will ever be as sought after as a Daytona or 246.
I think cars like the 308 will fare a lot better as I believe the inventory of top condition ones is really falling fast due to tougher economic times. Anyone notice how many low $20k 308's are popping up? I don't think any of these cars have been very well taken care of and will not be around in another few years. By the same token, truly nice 308's *seem* to be at least $30k, even the early 80's i models. Several members here have looked long and hard to find such a car so they are not common even now. I think prices for top condition 308's are actually on the rise even now. |
wm hart (Whart)
Intermediate Member
Username: Whart
Post Number: 1304
Registered: 12-2001
| | Posted on Monday, June 23, 2003 - 1:40 pm: | |
I gave my 124 sport FIAT to the mechanic after a small electrical fire, cause the cost to fix it exceeded it worth. If he hadn't moved back to Italy, he would probably still be driving it today. |
arthur chambers (Art355)
Intermediate Member
Username: Art355
Post Number: 1930
Registered: 6-2001
| | Posted on Monday, June 23, 2003 - 1:38 pm: | |
If the car has been maintained properly, never. If it hasn't, you'll have to part it out to get any money for it. Just like airplanes. At some point the parts are worth more off the car, than the car is worth ready to roll.
Art |
Faisal Khan (Tvrfreak)
Member
Username: Tvrfreak
Post Number: 291
Registered: 3-2003
| | Posted on Monday, June 23, 2003 - 1:19 pm: | |
Today. If you have one, I will be happy to give you a $1 for your Ferrari. |
James Glickenhaus (Napolis)
Intermediate Member
Username: Napolis
Post Number: 1805
Registered: 10-2002
| | Posted on Monday, June 23, 2003 - 1:19 pm: | |
I sold my 88TR with 115,000 miles in good mech. shape but with chassis rust for $23,000. |
John Striegel (John328)
New member
Username: John328
Post Number: 24
Registered: 1-2003
| | Posted on Monday, June 23, 2003 - 1:16 pm: | |
1988 TR FERRARI, runs good, 88,000 miles, clean body, red/tan, all this cars needs is a major service, $1.00 or best offer.
At what point does a Ferrari have a zero value due to high parts and service costs |