| Author | Message | ||
| Jack (Gilles27)
Member Username: Gilles27 Post Number: 453 Registered: 3-2002 |
Horsefly, I think you're right about the general perception of salesmen. Had a similar experience with a former girlfriend at a Mazda dealership. We knew what her car should cost, so we offered that price. He went through his salesman routine and said no, so we got up to leave. On the way out, he attempted to reconsider, which confirmed our price. Bought the car at a different dealership. We had no intentions of leveraging the dealer, but after his spiel we just couldn't bring ourselves to give him our business. The best part was that we used to see him at a local bar all the time, and we'd give him a hard time about it. Ironically, I felt more comfortable buying my Mustang from an individual, yet better about getting my Ferrari from a dealer. | ||
| Jeff Edison (Euro308guy)
New member Username: Euro308guy Post Number: 3 Registered: 7-2002 |
OK, I found him. I'm not so sure $45 is so high. Did anyone happen to check out the link posted by Tim? www.thecarexperience.com Can anyone find a nicer example? I'd be happy to compare photos of anywhere on the car. Not that mine is a concourse winner, but is obvious it has been worshipped. Nicer or not, $45k or it stays in my name. I'd be happy to keep it forever, (and at a minimum of $45k, I may have to!) 8^) Jeff | ||
| Jeff Edison (Euro308guy)
New member Username: Euro308guy Post Number: 2 Registered: 7-2002 |
Who's Jack? | ||
| Ken (Allyn)
Member Username: Allyn Post Number: 481 Registered: 10-2001 |
I wouldn't part with my Europa for less than $20k but there are plenty as nice as mine for a lot less money. I think Jeff feels the same about his 308. If I were buying a Europa I wouldn't pay $20k for mine nor would I pay $45 for Jeff's 308. Until a buyer and seller make a deal, a car has no firm value. | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 65 Registered: 5-2002 |
Jack, perhaps you purchased your Mustang at a dealer instead of an individual, I don't know. But I know dozens of Corvette enthusiasts, and not one of them ever purchased their cars from a collector car dealer. Everyone, including myself, bought their cars from individuals back BEFORE everybody and their dog was opening up a classic car lot. I've lost track of how many classic car lots have gone in, and out, of business in my locale. They all seemed to have a semi-shady, wheeler dealer, reputation. Everyone that I know bought their antique cars from individuals at prices that were light-years BELOW collector car lot prices. As for "giving something away", I don't expect to get something for nothing. I bought my '66 Corvette convertible in 1988 for $6500 and drove it home. I could probably have sold it for double that without doing a thing to it. Did I steal it from the seller? Well look at the numbers. He bought it from a used car lot in 1968 for $1800, drove it for 20 years, and sold it to me for a $4700 profit. Isn't that enough profit? It was for him, but I'm sure it would not have been enough profit for a wheeler dealer car lot. I later talked to 2 different guys who had heard about the same car and were searching for it, but I got there first. I still own the car. The thing that I hate about dealers is their wishy-washy tactics. Walk onto their lot at 10 AM wearing overalls and get quoted a price on a car. Walk back onto their lot at 2 PM wearing a suit and tie and get qooted a price on the same car. Do you think you will get the same price? HAH! Wishy-washy wheeling and dealing as usual. As for starting high and working down, why not be honest and simply hang the price tag that you really want? Unless of course, you're not really being honest. But hey, that's the used car racket, right? | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2422 Registered: 5-2001 |
There is truth to that when it comes to exceptional cars, and just look at the engine bay and you know this is exceptional! | ||
| Jeff Edison (Euro308guy)
New member Username: Euro308guy Post Number: 1 Registered: 7-2002 |
I am the owner of the 308 depicted here. Thanks for all the frank discussion about the car. I truly appreciate all the kind as well as critical discussion here. As far as it being "for sale", not really. Would I part with it? Yes, but it would take a high price to get it. Price is not based solely on what one would pay for the car, but also what one would take for it. Is $45k too high for the car? Well, you may critisize it, but an educated critic would be more apt to actually SEE the car before "valuing it". For less than $45k I'll just keep it............. | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2418 Registered: 5-2001 |
Ken, Jeff just told me production sdate 6/1985 and the VIN is 58939 | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2416 Registered: 5-2001 |
Dave, I am not certain I mentioned a 1989 328 for $45K. Although I believe that is where they should be. I also agree that a common 308QV should be low to mid 30s. As for your GTB that was a regular price. Not particular high but not the cheapest you could get either. I am sure well worth it. We have a 1987 328GTS that has only 22K Miles and is in near perfect condition red/tan for $45,000 and you may pick this baby up for low $40s. When I say near perfect I mean it! The miles are documented. I have seen the car and can attest to them! | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2415 Registered: 5-2001 |
Eric, yes, this is Jeff's car. He has talekd to me about the 348TS I have in stock. He wants to upgrade to a newer car. I am not involved in that dael and would just pass along his e-mail if anybody is interested. I am a big defender of prices here. In general I would agree than NO 308 is worth $45K. In his case this car is suberb and besides the aftermarket wheels, he has the original TRX and all books and records and photos from 1986 till today. I do not want to copy the e-mail Jeff sent me last night with some details on the car. I had specifically asked him about how he manages to get the engine this clean, but will forward it if anybody has interest. I will also check on his VIN. | ||
| Jack (Gilles27)
Member Username: Gilles27 Post Number: 451 Registered: 3-2002 |
Horsefly, it sounds as if "dealing" to you means practically giving something away. Would you do something like that if you were selling your house? 50K minimum, then whatever people bid it up to? He11 no! The difference in today's market is that sellers and buyers now have many more resources at their disposal. Broader exposure increases the likelihood of getting a better price. When I bought my '65 Mustang in the 80s, I don't really recall the market being some sort of friendly mom 'n pop, c'mon in and stay a while type environment. I do, however, remember looking at dozens of cars that didn't live up to their billing or asking price. I agree that there are a lot of high prices out there, but as a seller, isn't it better to start high and work down? | ||
| Dave328GTB (Hardtop)
Junior Member Username: Hardtop Post Number: 194 Registered: 1-2002 |
Sorry Martin, a Euro QV with aftermarket wheels is not worth 45K period. You can buy nice 328's for that and they have more power than any stock 308. In fact, I'm still waiting to find that perfect 89 328 for 45K you have said can be bought. I have not heard of any QV's selling over 40K unless they are perfect 5K cars with restoration done to make them drivable. Here is some up to the minute market info. Just sold my 85 GTB with 39K miles for 36. Got paid yesterday. This car is nearly perfect and every system has been sorted (at great expense on my part). It also looks like a 20K car and scored 98 points last year. The new owner will be able to turn the key and enjoy. However, I think 36K is all the money. I think the only reason I got this much is that QV GTB's are very, very rare in the US and the buyer wanted one. Horsefly, I agree that if you have a decent car and a decent price, they sell quick. I have sold 5 Ferraris in the past 5 years, all went pretty fast, but I see lots of dreamers out there pricewise. Rarity is not the only factor in the value of a collectible, be it cars, stamps, coins or beer cans. In the US, there will always be more Corvette buyers than Ferrari buyers, so Corvettes will bring relatively a lot. 308's are likely always going to be viewed as the lowest common denominator of Ferraris. They are often viewed as Ferraris that people buy when they can't afford a better one. I think that is unfair, I really like 308's myself, but I understand the market psychology. Dave | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 62 Registered: 5-2002 |
It seems back in the '60s, '70s, and early '80s that people who listed collector cars for sale actually WANTED to sell them. "Hey you, come kick the tires, take it for a drive, we'll work out a deal". For the last decade or so, nobody really WANTS or NEEDS to sell their car unless their overly optimistic selling price is achieved. That's why everybody tries to sell their cars on the net, on e-bay, in Hemmings, etc. If anybody has ANY car that is really in demand and REALLY wants to sell it, an ad in the local paper will easily sell any car at a fair price. I think most everybody within the past decade is just fishing for a big buyer with more money than brains. Why not just post any 308 or 328 on e-bay with a $20,000 reserve and just let the market decide what it is REALLY worth. Will it go for thirty or forty thousand like everybody THINKS it should? I thought the old saying was, "Something is only worth as much as somebody will give"? Oh sure, if the car isn't up to par like the seller represented then the deal will fall through. Well, if somebody drives across town to buy your car and the car is not up to snuff, then the deal will also fall through. Too many high dollar dreamers trying to sell, but not enough actual dealing. I guess the economy is not really that bad because the sellers aren't really that hungry yet! | ||
| Eric Eiland (Eric308gtsiqv)
Member Username: Eric308gtsiqv Post Number: 333 Registered: 11-2001 |
Martin...that looks like Jeff Dison's Euro-spec 308, if I'm not mistaken. Didn't realize he was trying to sell. At any rate, he has put a lot of time and effort into getting that car looking and running superb -- not to mention all the mods. He has a nice web page with quite a few pics of his car, including pics of the complete engine detail. Which reminds me, I need to reply to his e-mail  . | ||
| Lou B (Toby91)
Junior Member Username: Toby91 Post Number: 63 Registered: 4-2001 |
Lets get real and look at the data. The Ferrari Market Letter has 24 308's listed for an AVERAGE ASKING price of $26-37 depending on the model. Hemmings is similiar. Only 3 0f the 24 were above $40K ASKING Price with 6 in the $20's. Figure 10%less (?) for sell price and the percentage of $40k 308's shrinks to almost none and would be very very low miliage examples. I don't see 308's (or any modern high production model) as investment grade. See the July13 Ferrari Market letter for a good discussion of this. On the other hand, a good $30K 308 is a hell of a lot a fun for the buck. | ||
| Mitchel DeFrancis (4re308)
Member Username: 4re308 Post Number: 587 Registered: 6-2001 |
I agree with Ken 100%. I too have seen many 308 QVs sell for mid to upper 40s very recently. I have also seen the sub $40k 328s. | ||
| Ken Ross (Kdross)
Junior Member Username: Kdross Post Number: 80 Registered: 2-2002 |
$45K is not an unrealistic number to pay for a top notch 308 QV. Many dealers have recently sold similar cars for $42K-$46K. Martin, do you happen to know the serial number of the car you posted? Mine is a 1985 model with a serial number of 58577 and a June 85 build date. The latest 308 QV I have seen had a July 85 build date and a serial number of 588XX. Ken | ||
| Dave L (Davel)
Junior Member Username: Davel Post Number: 166 Registered: 7-2001 |
Martin thats a nice 308 but its not worth 45k compared to some of the 328's out there with 30k and some records. Its Euro and has more power but its one of the thousands of 308's that were made. The 308 is the trademark Ferrari but to pay over 40k for one that is nothing more than red on tan and not rare, in terms of production, would not be smart. Like you said....REAL ESTATE | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2403 Registered: 5-2001 |
Collin, Real Estate, baby, REal Estate !!!! | ||
| Tim N (Timn88)
Intermediate Member Username: Timn88 Post Number: 1236 Registered: 6-2001 |
in the past week maybe a 10% loss  | ||
| nick l (Nsxnick)
New member Username: Nsxnick Post Number: 46 Registered: 7-2001 |
the dow does not return 10% | ||
| Mitchell L. Davidson (Jussumfastgi)
Junior Member Username: Jussumfastgi Post Number: 143 Registered: 4-2002 |
Collin, try the Dow Jones. ;) | ||
| Collin Hays (Chaysintexas)
New member Username: Chaysintexas Post Number: 21 Registered: 4-2002 |
Thanks guys for the feedback concerning future 308 values, AS WELL AS all of the unsolicited investment advice! I never said I was going to sell my meager fortune and drop the whole thing in two or three 308's! LOL. My question was, basically, where are the values headed - up, down, or neutral? Bruno, if you can locate me an investment paying 10 percent annual, I'm interested. | ||
| Tim N (Timn88)
Intermediate Member Username: Timn88 Post Number: 1232 Registered: 6-2001 |
I noticed alot were going for mid 40's on www.thecarexperience.com They do seem to be going up and i think michael pointed out why | ||
| Mitchel DeFrancis (4re308)
Member Username: 4re308 Post Number: 586 Registered: 6-2001 |
Holy smokes, look at that engine bay!! Oh boy, I need to wash the car now. I think the values of all 308 series will only go up. Thats not wishful thinking. They only made so many, and the numbers are dropping as people crash them or part them out. I think the 308s will only increase in value from here on out. | ||
| Paul Newman (Newman)
Member Username: Newman Post Number: 266 Registered: 12-2001 |
One thing I dont see mentioned that I feel is important to resale value is location of car. If I lived in california or florida, I would be concerned about the other available 308's on the market. Im sure there are more available in the southern states. If you live in Canada like I do, there arent a half a dozen 308's available at any given time. If you are looking for one, you wait until one pops up and you buy it. Chances are when you are ready to buy one, one isnt for sale. I went through this with my 308 and then I got the chance to buy one, I paid to get it. When I go to sell it, I wont be worried about competition in the area because there isnt any. Its more of a sellers market up here IMO and its not worth travelling to the US because of the dollar and the other b.s involved. The other advantage for us up here is if I sell my 308 for say $40k, its cheaper than buying one in US dollars for $28k for obvious reasons but $40k to me is $40k and you only get $28k. | ||
| Ken (Allyn)
Member Username: Allyn Post Number: 480 Registered: 10-2001 |
Great looking car! It's worth whatever someone is willing to pay for it but low 40's seems a stretch to me. | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2399 Registered: 5-2001 |
and here is the exterior .  | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2398 Registered: 5-2001 |
okay pictures do help:  | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2397 Registered: 5-2001 |
This is a car currently for sale. The owner really has maintained this car perfectly. Look at the engine bay. The car is one of the last QVs produced, low miles and is a true Euro (more HP). This car is being sold for $45K. Anybody interested? Car is in TENN | ||
| Ken (Allyn)
Member Username: Allyn Post Number: 479 Registered: 10-2001 |
Rough 308's are turning in to Lamborghini Espada's et. al. They are cheap to buy but very expensive to maintain or restore and you will not get the value out of them if you do. Therefore, the population of these cars will continue to diminish without price appriciation. Unless 308's become unusually popular like the 246 Dinos, they will continue to be limited in value by the used 348 market (which in turn is limited by the 355 market, etc.). Not very many people are willing to shovel the money at a 308 as compared to old Vettes. For the collector car market to go up, the country would need to go through a period of high inflation. In these times, people want to trade cash for things that will increase in value like rare coins, art glass and rare cars. Under Clinton, people had money to spend but there was no inflation so collectables did little. Under Bush, people have less extra cash so again, they just can't justify a toy like a Ferrari. low Low inflation is good for America but bad for investors in art and fine automobiles. | ||
| Scott Anderson (Srandrsn)
Junior Member Username: Srandrsn Post Number: 131 Registered: 4-2001 |
I own 2 66 corvettes and a 69 (all three small block convrts) an 81, and a 308. Comparing the "rarity" of corvettes to ferraris is I think apples to oranges....in 66 yearly production was 27,720 in 69 there were 38,762 corvettes made! And just as an example from 80-82 there were only 1700 or so GTSi's built so thats pretty hard to compare. To call every corvette a collectible is nuts, I mean my 81 can't be worth more than 10K at best and I would never think of spending money restoring it...I wouldn't consider anything after 72 to be worth collecting. As far as high dollar vettes (from that vintage), there is such a huge "industry" around corvettes and their restorartion that I think it keeps the market strong. But perhaps the biggest thing that forces or keeps theit prices up there (mostly talking big blocks) is the NCRS (National Corvette Restorers Society). For those who don't know its like the governing body of the corvette world. They have national and regional meets where you can bring your car to be judged and flighted, gold silver and bronze. So you restore your car you get it judged, they tell you its whatever "flight" and then you either improve it or whatever to get the "certification" you desire. Anyway some of these collector are fanatics (which is fine) but to have a bloomington gold, or NCRS top flight 67 big block in your garage its going to cost you - big $$ and some of those cars are rare enough (color, hp, trans, whatever) that they will always comand a great price. So certain corvettes are going to maintain a certain price level because of their pedigree. Ferrari's are going to maintain a certain level simply because of their "ultra rareness", there are so few and there are so many who still want them, that its not a bottomless pit but it wont be one that goes up that much either. I think solid 308's are fully depreciated and yes you'll find the odd car for 15-18K, but for the most part they will stay in the mid to low 20's for 2V and high 20's-low 30's for 4V. | ||
| Paul Newman (Newman)
Member Username: Newman Post Number: 265 Registered: 12-2001 |
Horsefly, I was big into mopar prior to the 308. I was tired of the ferrari-like prices people wanted for parts as well as cars. I sold all of my hemi and sixpack stuff to basically cash in. I couldnt see the value in a slapped together challenger for $60,000. I also was interested in a 67 427 tripower vette - way too much money. Not worth it so here I am with a Ferrari instead. Im happy but miss the raw torque of a 440-6pak. Im hooked on Ferraris now and plan to continue with this breed. | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 61 Registered: 5-2002 |
Usually a collector car is one that is somewhat rare and also in higher demand. But RARE is hardly a term that describes most Corvettes. Look at any issue of Hemmings and you will find hundreds of Corvettes, not to mention the various internet sites. Obviously they aren't rare, so unless a particular car has a unique combination of options or heritage, how can they even begin to realistically command those high asking prices? Hardly a week goes by that I don't see an old Sting Ray of the '63 to '67 variety. But with the exception of one local board member, the last time I saw a 308 driving down the street was 10 years ago. They are certainly alot rarer than old Corvettes. Of course it is quite possibly comparing apples to oranges because it does come down to personal preferences. | ||
| Mark Lambert (Mlambert890)
New member Username: Mlambert890 Post Number: 29 Registered: 4-2002 |
I think the Corvette analogy is way off. It may not be a popular sentiment on a Ferrari board, but the Corvette also enjoys an enormous heritage. When you are talking about true collectors cars, I don't think which car draws more attention enters into the equation. I know a few Corvette collectors who would never be interested in buying a 308 over a classic Vette because they have limited interest in Ferrari and no interest in the 308 series. I'm sure they'd kill for something like a classic 365, but a mid-80's 308 over a 60s big block Vette? Definitely not. With truly collectible cars, it all comes down to individual preference and passion. Speculating is impossible because you can never guess which car is going to hold the imagination 50 years down the road and keeping a car in collector condition for all those years is so expensive that the "profit" becomes meaningless... | ||
| Dave328GTB (Hardtop)
Junior Member Username: Hardtop Post Number: 192 Registered: 1-2002 |
I love 308's, that's why I have owned 3 of the dammed things. Investment? You gotta be kidding! Buy bonds and forget about it. Dave | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 60 Registered: 5-2002 |
Most everyone here has posted statements to the effect that one should "buy the car because you like it", not as an investment. With that in mind, I think it would be great if the bottom dropped out of the collector car market and the profit mongers had to run away and feed off some other collecting frenzy. That way, the true enthusiast could buy what he likes at a reasonable price, turn wrenches, restore his project, drive away and have fun. I personally have always wanted a 1967 big block Corvette. But thanks to the investing frenzy of the '80s and '90s, all those cars were bought up by big shots and wheeler dealers who were SURE that they would all be worth $75,000 or $100,000 in a few years. Such was not the case and probably never will be. So now, all the people with those cars will just have to learn to love those cars for years to come because they will never sell them for their imagined profit. The owners won't sell for less than a fat profit. And the cars just aren't worth their high dollar asking price. So the market stagnates. Add bad economic times, a little "post 9/11" pessamistic reality, a dash of corporate world corruption, and what wrench-turning car enthusiast is going to pay those absurd collector car prices. Why would anyone consider paying $50,000 for another '67 Corvette when for $25,000 or $30,000 they could be driving a 308 that is much more unique and will probably draw more admiring glances from everyone in general? I'm a die-hard Corvette buff, but I still think that most of the Corvette prices (and most other musclecars) are absolutely insane. I say, "let 'em eat their high dollar cars" | ||
| Bruno (Originalsinner)
Member Username: Originalsinner Post Number: 263 Registered: 5-2002 |
a 10% interest rate will double your money every 7.2 years. Hard for anyone to really say they made money on a car they held for 15-20 years. | ||
| wm hart (Whart)
Member Username: Whart Post Number: 400 Registered: 12-2001 |
The latest issue of FML has a cover article that is dead on: leaving aside truly rare ferraris, like 250 GTO's or early one-offs, these cars have not been good investments since the late 80's speculation boom. If you are buying these for investment purposes, you are probably just as safe in the stock market, or perhaps, buying bordeaux futures.The problem with "investors" is that they push prices up artificially, and take the cars out of the hands of those that would otherwise buy them to drive them. That market actually wound up hurting more speculators than enthusiasts, when people got caught with 1/4 million dollar "new" testarossas, etc. Only good thing was that alot of people put serious restoration money into cars that would not have justified the expense in a rational market, and some of those beauties are still available today, 10 years later, at prices which are a fraction of the restoration cost. As to new models pushing older model prices down, i have seen the opposite occur. When the 360 was introduced, 355 prices went up! The Daytona, superceded by the Boxer, still commands more than its successor. As to 288 GTO's and F-40s, i put those in the category of "specials," but even then, do you really think either of them will appreciate considerably from a 300k $ price point today? (Yeah, if you bought a 288 at sticker when they came out, the thing is worth 3.5 times what you paid, but i bet you could have made alot more in the stock market or in real estate with the same money over that period of time). | ||
| Terry Springer (Tspringer)
Junior Member Username: Tspringer Post Number: 134 Registered: 4-2002 |
I dont see 308's ever going up in value. I also dont think they will go down much more. $20K seems about the bottom for a running/driving but somewhat tired car. One reason may be that if it get much below that, it makes more sense to part it out. The equation about all older cars going down in value as each new model comes out has one big flaw: you assume that the newer models coming out will not also come with a very large price increase. I believe that Ferrari will jack the price tremendously when any 360 replacement is announced. Thus, 360 prices will definitely drop as will 355 and maybe 348. However the 355 and 348 drops will be proportionatly less with the gaps between models being smaller. Condition of the car will become a much greater factor than it is even today. We have seen this in the P-car world for some time. Even as the new 911 came out, the older cars did not take huge hits in value. The 993 and 964 dropped some, but the older cars stayed the same and the early cars have increased a decent bit. Dont compare early 911's to early 308's though. The 911's are more and more being snatched up to vintage race or do track events. I cant see 308's ever getting pushed in price for this reason. Anyway, the bottom line is that buying a 308 for investment purposes sounds like an excellent way to lose some money. The only cars that are really good investments are those with a serious pedigree including limited production, racing history etc. A 250 GTO, 550 Spyder, 340MM etc. There are also other cars in the 308 price range that I think will do much better in holding or gaining value over the next several years. How about a '72-73 2.4 911S. You can still find them for under $20K and they are very hot. I expect $30K+ in 2 or 3 years. Also Jaguar Series I XKE roadsters are moving well and you can find decent cars at $30K. If you insist in investing in cars, try 1 of each of these and spread your risk around. You may also have more fun in the bargain! | ||
| JPM (John_308qv)
New member Username: John_308qv Post Number: 39 Registered: 4-2001 |
With 308's condition is everything. These cars are getting pretty old now and the cars that need work are going for lower prices. I cannot see a 308 qv with in good condition, reasonable miles and complete records ever going for less than 30k. Of course, I am a little biased. John | ||
| Paul (Pcelenta)
New member Username: Pcelenta Post Number: 11 Registered: 7-2002 |
I doubt that good quality 308's will ever go below the 20K mark...junk on the other, cars with no documentation,no tools, crappy repaints, south of the border upholstery will go for less, as they are now (sad how many I've seen on e-bay etc. fact is that many of these cars have been purchased by those who can't/won't maintain them properly. A $15k E-BAY special will easily set you back another $10k just to make it right...so your back at $25k again. the last time we had speculation in the Ferrari market most of us enthusiasts were chased out...100K glass 308, 75k for GTS, it was ridiculous...Buy the car because you enjoy it!! | ||
| David White (Dwhite)
New member Username: Dwhite Post Number: 12 Registered: 7-2002 |
Done! | ||
| Willis Huang (Willis360)
Member Username: Willis360 Post Number: 795 Registered: 8-2001 |
I really dislike the term "investment" and Ferrari used in the same sentence. Makes me cringe. Please stop doing that. | ||
| David White (Dwhite)
New member Username: Dwhite Post Number: 11 Registered: 7-2002 |
Anyone investing in Ferraris is a pig and pigs get slaughtered. However, Dinos sell for 50 - 110K(I mean Dino 206/246) BB's sell for 50 - 100K. It's what someone will pay. If enough people want a 308 the price will maintain or go up. No more are being produced(I know we all took Eco. 101). The cars are not mass produced and there will always be someone who gets addicted, we all did. Besides, I don't see a time when you can either get a new Hundai or a decent 308. PS: If we all get together we can collude on the price. | ||
| bruno bandaras (Originalsinner)
Member Username: Originalsinner Post Number: 260 Registered: 5-2002 |
I dont expect a repeat of the run into hard assests like the 80's. Buy the car as a car not an investment. I see good 308's at 15k in another year. There is limited interest. Everybody who relly wants one has one.The higher end cars 355,360 will eventually sell for 1/2.jmo | ||
| Tim N (Timn88)
Intermediate Member Username: Timn88 Post Number: 1226 Registered: 6-2001 |
People are paying the same for 328's and 348's though. | ||
| Mitchell L. Davidson (Jussumfastgi)
Junior Member Username: Jussumfastgi Post Number: 141 Registered: 4-2002 |
Does anyone really see a time when a good 308 could be had for under 20k? It would see that, starting with the 308, Ferrari's tend to push the prices down from the top. Example: V8 360 Spider: 215k 360: 160k F355 Spider: 120k F355: 100k F348 Spider: 80k F348: 65k F328: 50k F308: 38k In a few years it may be: F420: 215k 360 Spider: 160k 360: 120k F355 Spider: 100k F355: 80k F348 Spider: 65k F348: 50k F328: 38k F308: 25k?? Can anyone see paying more for a F355 than a 360? No? How about paying more for a F348 than a F355? More for a F328 than a F355? 360? It would seem as the top car gets bumped every car "under" it goes down in price. The same can be seen in V12 cars as well. Maybe they just made too many Ferrari's to have them hold their value as collectors cars in any meaningful way? How low can they go however? In 15 years when we have three? new models out in the v8 world, I can't imagine a 10k perfect 308. However, if you can buy a great F348 for 30k, why would you pay that much for a 308? .... interesting | ||
| Ken Ross (Kdross)
Junior Member Username: Kdross Post Number: 77 Registered: 2-2002 |
Collin: This is just my opinion, but here goes. As an owner of a 1985 308 QV, and one who has followed 308 prices for the past 10 years, I think that 308 prices will start to drop soon. Prices during the past year or two have increased greatly where an excellent example of a late model 308 QV will run you about $40K0$45K. I seriously doubt that they will ever pass $50K, and will only start to decrease in value along with our poor economy. With that said, I would only purchase a 308 (or any car for that matter) because you like the car. You should not buy it as an investment. And if real estate starts to fall, or if the market takes another significant hit, you will probably see Ferrari's at an all time low. Ferrari's are toys that people purchase when they have extra money. If there isn't any extra money (as in your example of a depression), then no one will be buying any new toys and the market will be flooded with a surplus of Ferraris being sold very cheap. As to your question as to which 308 demands the highest price, a red/tan 1984-85 QV will be the most expensive of any 308. This is followed by a very close second to the early fiberglass dry sump cars with the carb'd and 2V injected cars following behind. Red will always be the most popular and expensive (resale red), but you will never go wrong with a black car either. Just about any color other than white or brown will not too hard to sell. Hope that this helps. | ||
| Collin Hays (Chaysintexas)
New member Username: Chaysintexas Post Number: 20 Registered: 4-2002 |
I am interested in objective input regarding thoughts on where the $$ values of 308's are headed. With the stock market having burst, and real estate not far behind, I am wondering about investing in a couple more of these. I want to stick with the 308 because I am somewhat familiar with the car and its nuances. Are there certain 308's that will hold/appreciate more than others? (year models I mean) How much are the values tied to "orignality and correctness"? (For example, finding a rear spoiler on an '82 308 when it wasn't even offered as far as I know at that time) Any colors to stay away from? It seems like many 308's from 80-82 can be had for low $20's, and they go up from there. Are these prices higher/lower than a year ago/two years ago? Thanks in advance for your thoughts!!! |