Further proof testarossa's should skyrocket in value... :).

Looked over my recent Excellence mag for porsches. They had their market analysis on porsche 914's. I am going from memory here, but it was something like this:

2001 $2000
2002 $2400
2003 $3000
2004 $4000
2005 $6000
2006 $8500

And these are not "retail" prices either.

This was for an "average" car. They stated that the 914/6 for selling for much much more, perhaps 5x what they were new.

So, here we have a car where only 117,000 were made. Most have over 100,000 miles. Pathethic performance, "not a real porsche", its really a VW, with a motor shared with a VW bus... (not my thoughts, personally).

Yet, 30 years after its creation, cars are worth about 3-5x what they were new.

Testarossa 100,000$ new, give or take.
10,000 or less made.
Way more desirable.

Now about 20 years old...give it 10 more years... Should be a 300,000$ car .

I paid about 4000$ for my 914 recently. Had 2 folks run up already and offer $8000 for it (one is my neighbor).

I keep joking with my wife, that I should start hording my dream cars from the 80's, might be better than the stock market .

 

I'm sure the tr cost more than $100k new

 

you may be on to something

 

Much more. IIRC the '84s were Fetching $130K+.
The 512M were well over $200K.

 

Window sticker on my 91 was 175,xxx.00 It sold new though for $140,000.00

 

Are you saying that a dealer sold the car for $35K LESS than sticker??

 

In 85 the MSRP was about 92 or 93K.

My 90 was around 150 or 160 but it sold for 325K.

Personally I think anyone that thinks the cars will go up much more than inflation for at least another 10 years, if at all, is indulging in wishful thinking.

 

I just sold this car for $30K Canadian..............and as there are more nice TR's than 914's.............I'll hold my breath.......thank you very much.

http://www.rennsportcalgary.ca/inventory/?function=detail&id=83

 

The market hasn't always been the same as the current one...

 

There is a big issue with the TRs and the Miami Vice generation. Those that are getting cash flow up to buy one have been spoiled by reliable and relatively cheap to maintain cars. TRs are and always will be expensive to keep on the road. That will scare off many and will result in more rough cars being brought to market.

The car will hit $30k before it creeps back up.

 

It will also cause the fleet to become rougher (fewer good cars buy a large %) before it creeps back up. Even with the dramatically reduced # of good clean cars I still don't see an increase in price happening and if it does it will be a long way off. It may get lower as you say. Parts are every day getting harder to get. The ones you can get are getting more expensive. When that car was built there had been no good fast cars available in the US for a long time. Times are different. The world is full of really good fast cars of every price range. I really love the TR but I see it in business every day. More cars than buyers, few really committed to pay the cost to maintain the car. Many of those that have them consider it an interim until a 360 or 550 comes in range.


Too bad, great car. I plan to ride the elevator to the bottom.

 

Sticker $169,000 plus $5,400 gas guzzler tax, plus$1,100 destination , plus $450 prep =total $175,950

Sale price$135,000 plus 1,000 sales tax plus 55.00 license, plus10,500 luxury tax total $145,555

 

When I mentioned to Hugh Steward of FoA that I had read about a TR selling at auction for $35k, he responded with "...how many do you want for that price?..."

 

Wow, that just seems amazing to me given the current waiting list and sticker price ++.

 

Dear Ferraristi,

As y'all know, I drive a 91 TR and I'm a huge fan of the Testarossa. There really isn't any other Ferrari that I would rather own. (not fantasy f 50 talk here )

Just wondering:

The high maintance cost? Is it really that much more than any other "engine out" Fcar? ...F355, 360. Even my 308 was about 5k for a major.

" Parts are getting harder to get"...I find this for every older Ferrari. My dealer says "10 years...then forget real dealer support"

The TR was made in HUGE numbers....7000..2000 US versions. How about a 360, 16000 made. Wait till they get a little older. Even now, My F dealer has nothing but 360's

I'm not saying this to defend the TR but I wonder if all of the above will affect all the modern-day F cars since the TR .

We can talk resale value all day, but do you like driving the car?

Are you keeping the miles low by depriving yourself of the drive...to preserve the future potential payoff?

Come on, you're fooling yourself if it's an "investment" Buy properties when all the interest-only ARM's come due. There you'll see real deals !

Enjoy the car.

Shamile

Freeze...Miami Vice !

 

I've bought the last two at what seems to be the bottom, this one will be no different...

 

I'd say a Testarossa is an expensive car to maintain compared to its V8 stablemates (although the F355 seems to have the potential...) Maybe 360s aren't old enough yet to have the horror stories, but so far they seem like good cars.

The splitting differential issue described in Testarob's thread is enough to make us mere mortals hesitate. Given a 328 and early TR at the same price (and they're getting close), I couldn't say I'd go for the TR, even though I'm a fan of the styling.

$5K sounds like an expensive major on a 308. My 328 major was $4K with the usual stuff plus water pump rebuild and the fuel lines replaced.

 

On average 355 is more costly and I think that will hurt it as well. 360's and 550's are cheap compared to either. We have had a good idea about all those for a long time. There will be no surprises. There is nothing going wrong with any of those models that we did not know within 3 or 4 years after intro. I am just rebutting the idea that suddenly in a year or two that we will have an investment on our hands. It about as good an investment as Enron stock, but so what.

 

i think porsche should have bought them all back when they were under 2k and dumped them in the ocean.

 

ouch!!!

 

How can anybody place a value on a human life? In a similar vein, how can anybody place a value on someone's dream car? If NADA, KBB, or Edmund's says it's worth $30k or $300k, that's fine by me. I still plan on driving mine every other weekend for enjoyment until one of us is unable to continue...

 

Let's just say that the Testarossa did skyrocket in value -

For the sake of argument, let's say that they suddenly became worth about what an old 365GTC is.

Now, how many current Testarossa owners would willingly haul the old friend to Barrett-Jackson, cash in, and then go buy a 430 with that F1 transmission?

I didn't think so.

Those new mid-engine Fcars may have gained a lot in technology, but they lack something in the soul. Testarossa will always have this "Queen of Hearts" factor.

James

 

The point I was trying to make, is that even borderline desirable cars from the 70's are now worth 3-5x their original purchase price.

Yet the same discussions come up: testarossa's are expensive to maintain, too ordinary, too many were made, blah blah blah.

Given this, how does one explain the surge in prices for a basic 914? Even the early 911's (almost all of them), have doubled in price.

5 years ago folks were arguing about the lack of desirability of the 2.7L 911's. Crappy engines, pulled studs, etc. Guess what, these went up in value too.

Wishful thinking? Perhaps.

I still can't believe that folks argue that the tesatrossa will become a 30,000$ car. WOW. Was there any other ferrari that reached 20% of its original sales price? If we are talking about sales price, and not sticker, then we are talking 10% of sales price...

 

FYI, early TRs are already selling at auction in the mid $30k...albeit not #1 or #2 cars...

 

Franklin, that may be so. But shouldn't we compare average selling prices, not dealer auction prices?

The general consumer, and even a well healed one at that, can't buy a testarossa for 35,000$. Even a piece of sh*t one.

Thats like saying a new modena is only worth 90,000$, because thats what the factory paid for it...

If someone has access to buying TR's for 35,000$, they should do us all a favor and buy them for folks searching for one, and add on a 1000-2000$ finders fee. This would save folks on this board a lot of money....