Factory Restoration of 1983 308GTS 45563

That's actually my point....where can you buy a "new" 308 for ANY money? If you want one....I think, unless you find a museum piece (and even then you have problems of 30 yr old seals, belts, etc.) the Classiche program is your only option. My dream car is a 206/246...if money was no object (ie if I had 250K to spend on a Ferrari) I would do this in a heartbeat as opposed to buying a new 430. I might be the only one on the planet with a "new" 246...how much is that worth?

 

Why would anyone buy a Ferrari when some Subarus outperform them? at some level, doesn't "rational" thinking go out the door with these cars?

 

My gut feeling has to agree. Maybe not to $100K anytime soon, but maybe $50K+ for cleaner models in the 2020's. WIth that said, it's still foolish to ship a 308 off to the factory for a restoration. There are just too many 'clean buys' out there to get close to the same result.

 

Rational thinking goes out the door with a lot of things in life...

- paying millions for guys to run into each other, roll balls into holes, etc..
- buying compressed carbon for millions with highest use "gee it sure is sparkly"
- "Art" that sells for millions that most 3 year olds produce on a daily basis
- closets full of shoes that go from priceless to ghastly in 3 months
- and on, and on...

So a Ferrari isn't all that irrational is it??

 

Man, you got that right! The art scene is a mystery to me. My 3 year old paints like Picasso; why isn't her stuff worth millions? My wife has 10,000 pairs of shoes, probably worth $2.6 million in original cost. I coulda had an Enzo!

I'm sticking with $100K for a 308 within 10 years, if not sooner. Look at the 246 and the Boxer. It's a natural and predictable cycle. At a certain age, Ferraris go from classic to vintage and the price goes up. Maybe by then people will stop getting hung up on whether or not the 308 has enough horsepower and focus on how beautiful it is (like the Dino).

The vast majority of people who love the 308 are still too young to have them. The guys who drove up the muscle car prices are the guys who lusted after late '60s and early '70s muscle cars but couldn't afford them or justify them until they were in their 40s-50s. The 308 nuts like me are mostly mid to late 30s right now. Most of them are raising kids, makingt house payments and dreaming about a 308. Very few of us said the hell with it and bought one anyway. (Kudos to us forward-thinking Fchatters!!) Give it another 5-10 years for these guys to be in their financial prime and they are going to be hunting for 308s. By then, the supply will be even more limited because dudes like us 308 nuts that bought early will already have one and we won't be selling. Then there are the beaters that get bought and sold to people that want to drive a cheap Ferrari for image. They are going to be beat up, worn out, and in need of a "Factory Refurb". And don't forget the ones that are lost all the time to fires, accidents, parting out, etc. People like to say that a lot of 308s were made and this is true by Ferrari standard, but not by muscle car standards. Don't underestimate the value in the 308 being the most recognizable Ferrari ever made, even if they made more than they did Dinos or Boxers.

Birdman

 

OK. Then you take "New" 120K 308, turn the "New" key, start driving it within a month, you've now got yourself a "Clean" 308 that's worth 80K less on it's best day!

...at least to a real world buyer.

 

What happens when Ferrari wakes up and sells the Espresso? When they start seeing old 308's going for $75K, don't ya think they will roll a retro out for $65K? Detroit finially did it! Why should we assume the Italians would be any less smarter? It's all about the money.

 

Nothing wrong with having the best $35k 308 that $65k can buy. Ask me how i know

Some Fcar guys have different motives for <cough> investing <cough> money into their 308. Perhaps a bit more misguided than others

 

Not sure 'misguided' is appropriate. A guy buys a 308 and keeps fixing little things. $100 leads to $500. $500 leads to $2500 and so on.

 

NEVER happen!!

 

I would say $50K+ before 2020. The very nice/clean ones are in the $40s now...based on my recent purchase.

Forza stated that "great ones will bring $37,000+" in 10/2000
Forza stated the high of $45,000 in 10/2006

That would mean an estimate of $50,333 in 2010...for the great ones.
$63,666 in 2020.

 

According to the FerrariClub website, MSRP on a 1980 308 GTSi was $53,385. In today's dollars that is $130,741, according to the government's inflation calculator. http://data.bls.gov/cgi-bin/cpicalc.pl

 

I'll take that bet at $1,000.

 

yes, it is a mystery to you. you think she paints like picasso. even if she really did paint LIKE picasso, it won't sell. when she becomes the NEW picasso, maybe. i can copy a gto, but it's just a copy and worthless. when i design and build a car as beautiful as a gto, then it may be worth gto money.

 

You fail to recognize humor. Let me add this: Now do you get it?

 

Well, in five years (December, 2011) if this site still exists, we'll pull up this thread and see if I'm right. I don't care enough to actually wager money on it though....even though in 5 years $1,000 will probably be about the equivalent of $100. Note:

I honestly wonder why everyone seems to feel that 308s will never be worth what EVERY other Ferrari over a certain age is worth? Name ANY vintage two-seat Ferrari that is not worth $100K . Go ahead. Name one. The only vintage Ferraris not worth 6 figures are a couple four seaters, which are sometimes slow to appreciate. All I can say is enjoy it while it lasts. In a few years you will all be kicking yourselves, wondering why you didn't buy one before they were out of reach, the way I do about 246 Dinos all the time. Only 10 years ago, Dinos were $40K cars or less. The same price as 308s now. Now they are $100K+. Often VERY +. You could swap a good Dino for a 355 and get change. A lot of change.

Birdman

 

Wow, I think you are way off, but hey, we are both speculating, so one guess is as good as another. These things are not linear. Once they take off, the price ramps up quickly. 2020? That's 14 years from now! They will be worth more than $50K just from inflation, even if the value of the car remains fixed.

 

Ya. And the same people that B&M about high-mileage Ferrari's now will be on the board in ten years bashing the $100K price!

 

I do not know in the States, but in Europe (check www.autoscout24.it - all countries) this is the present situation:
a 308 averages 32.000 &#8364;: 50 cars for sale;
a 328 averages 42.000 &#8364;: 56 cars for sale;
a 348 averages 44.000 &#8364;: 150 cars for sale;
a 355 averages 65.000 &#8364;: 110 cars for sale.

308 / 328 price is steadily going up since 2 years, 348 and 355 are still going down like stones.
If the market does not get crazy, a good 308 / 328 (rare to find) will be more valuable than a 355 (relatively easier to find) within 10 years.
Ciao
Eugenio

 

There's only one solution isn't there.

 

Sounds like a real hoot! Kinda like putting a glass wall between yourself and Salma Hayek lying on a bed while playing wth herself.....

 

Some of us just like to watch!!!

 

darth550 your point is true assuming the purchaser of this car has any interest in selling or actually cares about losing money on his purchase....generally speaking if that were the case very few would purchase a ferrari. But remember this is the buyers dream car and he/she has loads of disposable income, and has no intention of selling it...just wants as new a 308 as one can obtain.

Your point about depreciation is valid but that's a fact of life for any new car including the current mass produced ferrari line up. While I concede there'd be depreciation I don't agree with the amount you suggest...why would a factory restored 308 with say 1000 miles on essentially all new mechanicals, interior etc be worth the same as your average $40K/ 40K mile example? I know which one I'd buy even at a premium.

 

Bada Bing Boom Bam......unfortunately NO BOP!

 

Someone who would incur the (all encompassing) expense of doing a factory resto on their 308 would have a much stronger emotional connection to his/her particular car than someone else....

So are you telling me that if you were ready to purchase a 95+ point car, and were presented with two identical examples, the first being restored by a highly respected shop here in the US and the other restored by the factory (neither of which you had ANY emotional tie to), you'd spend the extra (maybe) 40-50K for the latter car just for the cert? Really?