Someone got a bargain!!

What did it sell for Steve? I saw it online last week, looked like a great car before it was destroyed.

 

Still a good price IMHO

What did the 355 go for?

 

Wow! Thought someone would have paid near $200K for that one.

Too much money, that needs to be taken to the dump!

 

You didn't look anywhere near hard enough by the sounds of it.
Big question mark over engine health as oil level was questionable. It had the full monty Novitec supercharged motor, might make you ponder drivetrain health?
It needed a new body shell as it had nasty structural damage in the front. Virtually every panel was cactus, suspension was rooted and on it went.
Parts car at best, $50k if you had time and patience to part it out and flog on eBay.

Car was originally Srecko Lorbek's in Melbourne, then sold to WA and hot rodded.

 

Not worth the $111K plus hammer fees, Scud parts are not cheap. I was in for $60K with $60K to fix as a keeper long term repair. You could not sell the car once it's fixed.

http://www.manheim.com.au/damaged-vehicles/itemimages/zoomdisplay?itemID=000000000004243160&divID=DV&title=2008+Ferrari+F430+Scuderia+Coup%C3%A9&price=NA&divID=undefined&defaultImage=0#

 

Pure gambling buying that car. I assume it was a repairable write off as well?

Might as well put it on black at roulette

 

JDM in Adelaide have a motor for that car.

 

If you have the skills to repair it yourself the maths is a bit different if you don't put any value on your time; but it's still not worth $100k.
Assuming the project made it to completion (few of these do in my experience) you would have an unsaleable car. Not many buyers out there for a repaired stat write off that can never be registered.
Having owned and played around extensively with a Scuderia myself, I agree the parts can be extremely expensive. Today the wholesale value of an average Scuderia with no stories is circa $250k, so what is the value of this one at completion given the history and the fact that it can't be registered?
I would say $150k in todays dollars IF you could find a buyer. IMHO it would be pretty much saleproof. So if you paid $100k you would have $50k to repair the thing which is completely impossible, even with free labour.

I've seen this happen over and over and over. The guy who buys it does a few reapirs before he realises that he is in way over his head. Then he sells it on for a loss to the next guy who thinks he can make a killing. Repeat infinitum.....

 

Dunno what was spent on supercharging it; but the kit goes for $75k from memory. Hard to see the finished product costing twice the parts; but who knows.

My mail said new shell required and not just structural extremities. Didn't eyeball it myself, so who knows. Wouldn't take the risk myself.

 

Genuine Scud motor or plain Jane 430? The Scuderia motor has lots of external and internal differences.

 

I think he means a motor for the 355

 

Oops.

 

There's a panel beater in Horsham who could fix that.......

 

I priced it up at about $200-$250K to put it right. In other words, about $300K to $360K from being a $150K car when it's done! And it's two years out of your life.

Good luck to the buyer, you'll need it! Seen this sooooooooooooooo many times before. There's a very good reason why insurance companies put these broken cars into Auctions rather than fix them themselves for a profit, isn't there?

 

Steve, a friend priced up the parts out of the USA (New parts) and came to $125K to $150K in parts alone, the rest in the panel shop. If you can fix it, and fix it well for less, you go for it! I can't!

I certainly can't re-shell any Porsche in 40 hours. I might be able to solder together a new loom for a 356 in 40 hours. Might...