| Author | Message | ||
| VS (Vs1)
New member Username: Vs1 Post Number: 21 Registered: 10-2002 |
Congrats again Carl. Also many thanks for taking the time to send out the books & CDs on the 328 and the manual on stainless steel brakes for C2/C3 Corvettes  | ||
| Carl Rose (Carl_rose)
New member Username: Carl_rose Post Number: 13 Registered: 10-2002 |
Red/tan it is. Full books/manuals/history, I'll be third owner. Working on buyer's agreement now. Haven't really gotten excited yet as I have a few weeks before it arrives. Figure if I've wanted one since 18 can't think I've made a poor choice... Thanks again, Carl P.S. For anyone contemplating purchase of a 328 - if you need any help/reviews/CD, etc. I'll be happy to pass along the wisdom I've learned through members of this forum. And just for reference (was a concern of mine) I'm 6'4" and at about the upper limit of fit in a GTS. | ||
| Fred (I Luv 4REs) (Iluv4res)
Junior Member Username: Iluv4res Post Number: 204 Registered: 8-2002 |
All things being equal, I would rather have a low mileage car than a high mileage car. However, the prices are not always equal. | ||
| Dave328GTB (Hardtop)
Member Username: Hardtop Post Number: 280 Registered: 1-2002 |
Carl, Smart move. Almost everyone has great luck with 328's. With a 30K done, you should get many years of cheap and hassle free enjoyment. Dave | ||
| BobD (Bobd)
Member Username: Bobd Post Number: 736 Registered: 3-2001 |
Congrats Carl.... you'll love it. Hard to go wrong with a 328! Red/tan? | ||
| Carl Rose (Carl_rose)
New member Username: Carl_rose Post Number: 12 Registered: 10-2002 |
Hi everyone, Just thought I'd post here to thank everyone for their help. Yesterday I bought a 1988 1/2 with 9000mi that will be undergoing it's 30k service next few weeks, so I may see it by the end of the month. Ultimately came down to a decision of "less $, completely gone-over car" versus a 700-odd mile car with semi-unknown service history; Cosmetics apparently marvelous but afraid I'd be looking at another $7-10k once I started actually using it. And as has been pointed out, the depreciation would be substantial. Thanks again, Carl | ||
| Dave328GTB (Hardtop)
Member Username: Hardtop Post Number: 279 Registered: 1-2002 |
There are a number of very low mileage 89 328's in existence. The market was hot and people put them away as an "investment"! Algar has an 89 with 700 miles on it. They are asking 82,500 and it's been for sale for a while. Another GTB is for sale with 300 miles on it asking low 70's. 89K is absurd, particularly for an 88 which would be worth substantially less than 89's. The other problem with ultra low mileage cars is that the first 2000 miles you put on them will be very expensive in terms of depreciation, probably on the 10K region. You can buy 5K cars that will have no mechanical issues, look like new and sell for way way less money. Dave | ||
| BobD (Bobd)
Member Username: Bobd Post Number: 732 Registered: 3-2001 |
$89K is beyond absurd for any 328... but all it takes is one idiot who really wants it... and there's probably somebody out there. | ||
| magoo (Magoo)
Advanced Member Username: Magoo Post Number: 3455 Registered: 2-2001 |
Tommy, I agree with you. How many of these cars will be sold for the big money they are asking because they have been garage queens. If it were a older special Ferrari like a 275 GTB/4 with some potential value then OK. My 79 308 GTS had been in storage for 18 yrs. It only had 5200 miles on it when I bought it. I didn't pay more than market value for the car. I collect old cars so I will enjoy this car for a while then if I decide to sell it I will expect the going market price at that time. These cars are Ferraris but nothing special because there are so many others. They will bring the market price, maybe a buck or two more, unless someone decides to make a museum piece out of them and then who knows what the future will be. | ||
| Dr Tommy Cosgrove (Vwalfa4re)
Member Username: Vwalfa4re Post Number: 419 Registered: 5-2001 |
One more thing, after you spend the 100K, try to sell it for a profit. | ||
| Dr Tommy Cosgrove (Vwalfa4re)
Member Username: Vwalfa4re Post Number: 418 Registered: 5-2001 |
NO 328 is worth 89K. As they state in their email even this one needs an expensive service. It needs it if you drive it, it needs it if you don't. You can pay 89K for the car, then another 3-5K for what they didn't fix for "free" after you get it home. Then you have to pay the tax, tag, title, etc. Now you have yourself a $100,000 328. No thanks. You can have two really good ones for that. | ||
| Hans E. Hansen (4re_gt4)
Member Username: 4re_gt4 Post Number: 434 Registered: 4-2002 |
With VERY few exceptions, you're not going to make money just looking at a car. Quite a few guys around here are mothballing SS Camaros - last year of production, yada, yada. | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1486 Registered: 9-2001 |
A 348 Ts with 100 miles just sold at auction for $66k. The car cost $110k new, so the owner lost $44k and didn't even get to drive the car. What a shame. He could have driven it 30k mile or so and still got $50k for the car and at least got some enjoyment out of it. | ||
| Hans E. Hansen (4re_gt4)
Member Username: 4re_gt4 Post Number: 415 Registered: 4-2002 |
Frankly, I can't blame them for asking the moon for these new/unused 328s. They probably belong in a museum. And, yeah, a car that has been in regular service will also probably have fewer 'issues' with seals, misc rubber parts, etc., etc. | ||
| Bill Steele (Glassman)
Junior Member Username: Glassman Post Number: 121 Registered: 4-2002 |
Carl, I disagree with the comments so far. If the car is within current price range ( I know nothing about 328 pricing )it starts up and runs, I would buy it in a second. Unless it was stored or exposed to extreme temperatures I think it will probably be fine. | ||
| VS (Vs1)
New member Username: Vs1 Post Number: 15 Registered: 10-2002 |
Below is an e-mail I received on the black one @ Symbolic. I believe this was about the sticker price as well??? There are a lot of cars I would consider for $85K and a 328 is not one of them. "Sir we are asking 85k for the 125 mile 1989 328 GTS black/tan, can arrange to have the belts and service done as part of a deal, feel free to contact sean hughes at symbolic for further details." | ||
| Mark Foley (Sparky)
New member Username: Sparky Post Number: 19 Registered: 3-2002 |
A few weeks ago, Symbolic Motors in Lajolla, Ca had 2 low milage 328's. One was a red '89 GTB with 1000 Mi (they were asking the sticker price of $75 K) and the other was a black GTS with 100 Mi.! They had just received this one--no price yet. | ||
| VS (Vs1)
New member Username: Vs1 Post Number: 14 Registered: 10-2002 |
"Apparently the salesman I spoke to actually sold two identical cars to the owner new & this one was traded in recently on a Maserati." Carl - do you know if the owner still has the other 'identical' car. How many miles did that one get? I'd highly doubt this car was 'properly' run every month and yet only averages 4-5 miles per month. Rubber deterioration, I believe, is both age and use related. Seals tend to dry out, crack & deteriorate if not used/moistened [like a wine cork]. FYI - My 1969 Corvette has sat for the past year in my parent's garage. I'm just now getting it back into shape. Stuck calipers, flatspotted tires, & dead battery are the first things that need fixed. Then I'll be able to determine what other gremlins crept in. With all that said. We once bought an airplane that sat for the better part of a year. It cost many, many, many $$$ to get everything back into shape - but now is the best one we have every owned [and we've gone throught a couple others since then as well - but we still keep this one]. It's by far the most reliable [it should be - we've replaced almost EVERYTHING]. Good luck as the search continues. PS - have you replaced the brakes on your '67 Vette with stainless. I'm about to undertake that task and may call you for insight. | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1637 Registered: 9-2001 |
If the major hase been done inquire about hoses, seals etc etc being replaced, how often was oil and coolant replaced, water pump seals etc etc. Make sure car is cold and start it up and run it for a good two hours and shut it down and go over it with a fine tooth comb for leaks etc etc. Since you are going to drive it don't pay a premium for a low milage car like some of these bozos want. Also the paint and leather should be perfect!!!!!!. Check the drivers bolster. Also check the exhust pipes for rust - if they started it every once and while it is possible water became trapped in the exhust. | ||
| Matt Lemus (Mlemus)
Member Username: Mlemus Post Number: 381 Registered: 8-2002 |
I am always sceptical of a "low" milage car. F-car speedo's are very easy to disconnect. I'd take a close look at consumables such as tires, belts, pads, and the like. They should all be original if the car has less the 1000 miles. | ||
| Carl Rose (Carl_rose)
New member Username: Carl_rose Post Number: 11 Registered: 10-2002 |
Hi again everyone, (this is further thoughts on my previous thread) The 735-mile car (88 328 GTS) I *don't personally* know. Car is being sold through Ferrari dealer who has done complete PPI & found no problems. Apparently the salesman I spoke to actually sold two identical cars to the owner new & this one was traded in recently on a Maserati. The previous owner repotedly did the major service earlier this year - dealer has reciepts & owner was involved in auto-related business so probably has know-how & recources - which the salesman said their mechanics can inspect and see if parts were replaced properly, etc. to determine if appropriately done. Car still hasn't ever had a radio installed but was apparently "run every month" which I take with a grain of salt. Now opinions on these ultra-low mileage cars seem to be very divided. I *will* actually use this car but probably <1000mi/yr & am not planning on reselling. I realize undriven cars have issues with calipers sticking & flat-spotted tires, but wouldn't rubber item deterioration (as one gentleman mentioned) be age-(and not use-) dependent? I.e. would this be an issue regardless of mileage? And I am trusting (tough word to use in purchasing used cars) that the dealer has gone through the car & would not represent a car they thought it had serious flaws. However, the dealer is across the country from me so we're realistically probably not looking at long-term relationship. I'm considering flying out there (12hrs) to inspect the car this weekend. Any reccomendations specific to this low mileage? Carl (still quite determined to find a car) |