| Author | Message | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1158 Registered: 1-2001 |
David C. -- ditto Michael K's and Frank P's messages (I thought I was tough on used F values, but "essentially unsaleable" -- ouch! I'd hate to hear his description of selling a TR in this market). I don't think that you'll ever have to worry about "to be the model all the people later say is the least desirable" -- enough years have passed that if that was the case the secret would be out by now IMO. Like Michael said, late 348s are just under 355s in the F V8 food chain (and a red/tan spyder is a plus) so I think you've got it pegged right that in a couple/few years, and 5K more miles, you might see something like $50K (maybe a little less if you get deeper into the 40K miles). Although if you put 5~6 K miles per year on it over the next ~5 years and then sell it (at 60K miles and needing it's next major service) for less, I'd say that's the better way to go  Are you thinking of making an offer that starts with a "5"? | ||
| neal (95spiderneal)
New member Username: 95spiderneal Post Number: 37 Registered: 3-2002 |
my previous sports car was boxster and i switched to 1995 348 spider last year but had both for 9 months. car had 9k mi was in great condt with 15k svc done. i paid $70k and seller paid tax to leasing co so i didnt have to. i would think 65$ would be reasonable now. your car should go for 60$ max at this point, IMHO. as far a porsche comparo i was initially very disappointed in fcar build quality as it reminded me of 77 pontiac trans am in that regard esp compared to pcar. boxster was a mini panzer tank. now that porsche is gone i dont sweat quality issues anymore. besides fcar is pure fantasy compared to mundane pcar esp on track which i do about 10 X year. go to ferrari and you wont ever want a porsche | ||
| Michael Klein (Malibumk)
New member Username: Malibumk Post Number: 40 Registered: 5-2002 |
David: My 2cents; 33k '94 Spiders should go in the low $50's at best. Your seller may be unwilling at that price, but the market won't pay more. The car is essentially unsaleable in this market and that fact hammers the price in a big way. If you are willing take the miles( and I for one like the hi mile/low price formula a bunch) then you have to get the low price. I'm seeing sub 10k mile red/tan '94 348's at $70 asking. Don't pay too much. By the way, an alternative would be a newer, 40k mile 355 which is even more unsaleable....at around $75-85k, if you can find one. Somewhat more car in my mind. Good luck to you. Mike | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 754 Registered: 6-2001 |
Arlie: The 348 Sypder? What year was it built. Some of the 94s were actually built in early 93, but they are all 94s. With that many miles, I would have someone take a good look at the nose. I would be willing to bet that it has been repaired and repainted, and most of the time, the repair is not properly done. I think that the 348 has seen all or most of its depreciation, and until something crazy happens you won't lose much on the depreciation. Art | ||
| Horsefly (Arlie)
Member Username: Arlie Post Number: 354 Registered: 5-2002 |
On a 348, don't you have to pull the entire engine just to replace a water pump? And how much would that cost? Something to consider. | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1467 Registered: 9-2001 |
Steves correct. The Spider, Serie Speciale and GTB/GTS models had a little more horsepower(312 vs 300 I believe), a lower final gear ratio for better acceleration, better ECU system(2.7 vs 2.5), freer flowing exhaust(sounds better and more hp), wider rear track for improved handling, spoiler/sills/rear grill painted body color, more leather in the interior, battery moved to front of car for better weight distribution/handling, and a few more odds and ends that substantially improved the car. | ||
| Steve Holden (Sf_348)
New member Username: Sf_348 Post Number: 9 Registered: 10-2002 |
sorry David i was writing as you posted. i'm sure i'm right in saying the '94 has the later more powerful engine so should be a big difference to the 1 you drove b 4 | ||
| Steve Holden (Sf_348)
New member Username: Sf_348 Post Number: 8 Registered: 10-2002 |
Steve's right , give us a bit more info , If your paying top wack you'll loose more ! Tool kit as mentioned -no problem , my old testarossa had no kit , my 348 has a kit that looks like the owner drove over it! A 348 will be bought when you come to sell by someone that likes a 348 ,i was offered a 308 & 328 at good prices but got the 348 cos i prefered it .As mentioned by Mitchell previously, you have to buy a Ferrari cos you love them , they will never be a sensible mans option like the Porsche , but BEWARE once you drive the Ferrari you can't turn back . Take it from me i owned 1 traded it for a 993 , longed for another F-car but couldn't loose the Practicality of the Porsche ..........consiquently sold my house to finance my 348 ! & kept the Porker ! Luckily my girlfriend is Italian so kind of understands ! | ||
| David C. (Worth_it)
New member Username: Worth_it Post Number: 3 Registered: 10-2002 |
Keep the information coming -All your opinions are important to me. As for more information - Red / Tan - photos show all looks great Interior is clean - Front lower air dam has been re-sprayed Factory wheels and exhaust Stereo upgraded Asking $69,000 - buying in lower 60's price depends on results of professional inspection. What do you guys think ?? I am hopeful the market will hold around $50,000 as the years pass. I hope to fall in Love with it as I have my other cars. To date I have only driven a 90 348 and a 89 Testarossa. Being a convertible guy the Spider is what I need. The 90 348 was a little rough but I have to believe a 94 will feel good. I just don't want my first Ferrari to be the model all the people later say is the least desirable. Even if I love it I have to feel like it is a wise investment. | ||
| Dave328GTB (Hardtop)
Member Username: Hardtop Post Number: 271 Registered: 1-2002 |
David, With major service and new clutch, this car should give you trouble free service for some time. As long as you have full ownership and service history, I would not sweat the tools too much. The only one you absolutely need is the tow hook. You can probably find an NOS set by checking around with dealers. Do a carfax if you haven't already. Also, a PPI is recommended. 348 spyders have come down quite a bit lately and may be leveling off, at least for the moment. Prices could decline further if the economy remains soft and 355 prices continue to decline which can put pressure on 348 prices. Dave | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 1463 Registered: 9-2001 |
IMHO the 348 Spiders will bottom out in the low $60k-high $50k range and stay there for a while depending on the particular cars condition and/or mileage.The car you are considering should already be in that range with its mileage. Yes, in the world of Ferrari 33k miles is a lot for a 1994 car, something I still fail to grasp as I drive my car 5K to 6K miles a year. I love the styling of the 348 Spider better than the 355 although I acknowledge that the 355 is more modern and faster. Out of the five Ferraris I have owned(328GTS,400GT,TR,330GTC and 348 Spider), the 348 is my favorite thus far. As far as the tools are concerned, a lot of owners remove them when they sell the car so they can resell them later . You can find tool kits for sell at various places on the net as well as places like T.Rutlands for a reasonable cost. To me that would not be a deal killer as you can find a replacement easily. IMHO, a Ferrari will never be as durable as a production Porsche. The 911 series is like a tank where a Ferrari requires more TLC to own and maintain. If you want a Spider, go for the 348. It is a great model that can be had at a reasonable price and performs wonderfully. Good luck. | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1157 Registered: 1-2001 |
David C. -- Give us something to talk about -- what is the asking price and what is your ballpark paying price? (and what country are you in?) Are the colors anything unusual? | ||
| Dave L (Davel)
Junior Member Username: Davel Post Number: 219 Registered: 7-2001 |
The tool kit should not be a deal killer for a car that; 1. You actually want and feel given the paperwork and condition is THE CAR 2. Get on Ebay and get a tool kit or find one some other way to make it complete. 3. Buy this car if its right..and drive and enjoy it. Dont sweat the money later on as you are bound to lose some. The Spider will fare better than the other 348 models, but as Mitchell said you will lose some over the term of ownership. | ||
| Clark Driggers (Clark)
Junior Member Username: Clark Post Number: 68 Registered: 11-2001 |
I would worry about not having the tool kit. Something is not right. I have owned 3 Ferrari's and all my tool kits were still in the original plastic, but I do not work on the cars myself. Even if you did where did they go? That would be the question I would ask the seller. If they do not know ask to speak to the person who last had them. | ||
| Mitchell Le (Yelcab1)
Member Username: Yelcab1 Post Number: 444 Registered: 11-2001 |
From my perspective, the 348 is the most non-descript of the ferrari and will have the most to come down. I personally prefer the 328 before it, or the 355 after it, so I would not buy 348. If enough people think like me, then the 348 will have some ways to go yet in terms of depreciation. But, buy the car because you love it. If you worry about deflation, then you do not love that car so...don't buy the car. There is a price to be paid for car ownership, and it is called deflation. | ||
| ross koller (Ross)
Member Username: Ross Post Number: 491 Registered: 3-2002 |
i think spiders always keep their value better than the others. partially due to lower build runs, and partially because of the open air attraction. a 94 spider with 33k miles should be pretty close to the bottom of the curve by now. you may lose another $10k over 1-2 years, but thats probably less than you would lose on an equivalent priced porsche in the same period. question to the board at large: what kind of deranged numb nut would keep/lose the tool kit on a '94 car? i can understand how on a 50 year old car it can just slip away, but on a newer car, where the owner probably never even opened the toolkit up let alone used it?.....and why would somebody keep it....just to show people that they used to have that car? i suppose they can get stolen, but that is equally depraved. | ||
| David C. (Worth_it)
New member Username: Worth_it Post Number: 2 Registered: 10-2002 |
This is my question - I have found a 94 348 Spyder with 33,000 miles at a fair price. Service records are good, with major and clutch recently done. No accidents, clean car. The car is missing the tools and cover. As I cross over from the world of 911 Cabriolets I am concerned about durability and DEPRECIATION. Many people have written about the service needs of the 348 and I am prepared. My main concern is how low will the re-sale values go on this car ? I have not studied the market for a long enough time to see if the 348 is going to keep dropping or if it is about to level off. I can afford the car and maintenance I just hate to give it away as the car will be used nice weekends only. All advise is appreciated. |