308 almost paid off - what should I get next? | FerrariChat

308 almost paid off - what should I get next?

Discussion in 'Ferrari Discussion (not model specific)' started by Giallo, Jun 26, 2007.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Giallo

    Giallo Karting

    May 31, 2005
    239
    Portland, OR
    Full Name:
    Barry
    Hey, folks!

    I have a carbed 1978 308 GTS, and I'm finally getting close to paying it off - should be all mine in less than a year.

    So what should I do next? I haven't had very many mechanical problems with it, and it's been a lot of fun. And I just bought a house, so I can't increase my payments by very much. I figure I could borrow up to another $20k or so.

    I could sell it and put all the money towards a Testarossa, but I've been told they have lots of mechanical trouble. It'd be nice to have something that looks a little more modern, though.

    I could sell it and might be able to put all the money towards a Jalpa. I've never seen one in person, and don't know much about them.

    I could keep it and buy an older Lotus Esprit...those are supposed to fun. Or keep it and buy a Maserati Merak?

    What do you folks think?
     
  2. ZINGARA 250GTL

    ZINGARA 250GTL F1 World Champ
    Owner

    Jun 21, 2002
    17,499
    PA
    Full Name:
    Ken
    As a previous Lotus Esprit owner, let me say you'll regret it. While a nifty thingy, it ain't what you got, bud.



     
  3. BLUROAD

    BLUROAD F1 Veteran

    Feb 3, 2006
    6,081
    Tustin Ranch, Cali
    Full Name:
    Enrico Pollini
  4. mgtr1990

    mgtr1990 Formula 3

    Mar 30, 2005
    1,580
    Naples Florida
    Full Name:
    Martin Graham
    Get a 348 or 355 you will not regret it its a great upgrade
     
  5. sindo308qv

    sindo308qv F1 Rookie

    Nov 1, 2003
    3,575
    miami.fl.
    Full Name:
    sindo
    Keep it for a while, unless you're coming up to an engine rebuild. If not enjoy it, and no payments for a couple of years. Then go with a 355 or 360.
     
  6. BLUROAD

    BLUROAD F1 Veteran

    Feb 3, 2006
    6,081
    Tustin Ranch, Cali
    Full Name:
    Enrico Pollini
    #6 BLUROAD, Jun 26, 2007
    Last edited by a moderator: Sep 7, 2017
  7. Cicada

    Cicada Formula 3

    May 22, 2005
    2,439
    Indian Wells, CA
    Full Name:
    Bryan
    i'd say enjoy not having a car payment for a while :p
     
  8. ShaiHulud

    ShaiHulud Karting

    Oct 10, 2006
    141
    Zürich / Switzerland
    Full Name:
    Sarah Roth
    Keep it for a long while. Keep the savings. Start buying cars only if YOU really like them and can pay them with what a part of your savings allows.
     
  9. Giallo

    Giallo Karting

    May 31, 2005
    239
    Portland, OR
    Full Name:
    Barry
    Yup - a 355 or a 360 is well out of my price range for now.

    348s sure look nice....how much trouble are they to maintain? I like this one: http://cgi.ebay.com/ebaymotors/1989-Ferrari-348-TB-Coupe-53K-Yellow-Tan-Very-Rare_W0QQitemZ160129751853QQihZ006QQcategoryZ6212QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

    I think you're all right about enjoying the extra money....my daily driver is seriously raggedy, and I'd like to buy an old rat bike, because I get some funny looks when I take the F-car to the dive bars...
     
  10. miketuason

    miketuason F1 World Champ
    Owner Silver Subscribed

    Feb 24, 2006
    15,808
    Cerritos, CA.
    Full Name:
    Mike
    That's not a bad price for a clean 348
     
  11. 4redno

    4redno Formula 3

    Mar 21, 2006
    1,067
    Seattle, WA
    Full Name:
    Keith Mitchell Wintraub
    Ask yourself what you would do if your 308 engine needed a complete rebuild due to an unforseen incident. I think you should build up a buffer and buy another car when your account can accomodate an unforseen incident and a second Ferrari. Then, buy a Dino or a BB.
     
  12. BillyD

    BillyD Formula 3
    Silver Subscribed

    Feb 28, 2004
    1,828
    Pacific Northwest
    Full Name:
    Bill
    I vote a Corvette Z06 or Porsche 930
     
  13. jeffashcraft

    jeffashcraft Formula Junior

    Jun 14, 2006
    277
    Dallas TX
    Full Name:
    Jeff Ashcraft
    +1 --- enjoy 'no payments' while you can
     
  14. BriSalig

    BriSalig Formula Junior

    Aug 29, 2002
    330
    Atlanta
    Full Name:
    Andrew
    I dont know how clean it will be from that dealership....
     
  15. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,324
    Palos Verdes
    Full Name:
    Vince V
    I think you are ready for a 308GT4. You already are familiar with the mechanicals. It's another version of the 308 series and you can haul the kids. Plus I believe they are shrewd purchases right now that prices are realistic. Go for it!

    Don't forget to check out the GT4 support group in the 308 section - you know who they are - for help in selecting a decent car.
     
  16. whart

    whart F1 Veteran
    Honorary Rossa Subscribed

    Dec 5, 2001
    6,554
    Austin, TX
    Full Name:
    William Maxwell Hart
    Keep the 308 for any number of reasons, including that it is a classic, it's carb'd, it is small and tossable and you have presumably sorted it.
    Among relatively cheap sportscars that are fun that you might consider adding to your garage:
    older British: MGA, Morgan;
    older German: lot's of 60's MB's; later P-cars;
    older Italian: Alfa Duetto, even a clean 124 Fiat spider;
    US vintage: from late 60's Caddie convertible, to various hot-rod projects based on clone 32 Ford bodies.
    The point is, there are endless opportunities for fun, at relatively low cost, especially if you can do your own work, or are patient at slowing bringing a car back to snuff.
    A modest Ferrari upgrade may not turn out to be a real upgrade in driveability or fun factor.
     
  17. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    jalpa-piece o crap. don't borrow money to buy toys. pay off the one you have and start saving.
     
  18. peter5

    peter5 Formula Junior

    Aug 13, 2005
    519
    NoVa
  19. potxoli

    potxoli Formula 3

    Mar 22, 2007
    1,716
    Washington DC
    Full Name:
    Eric B.
    Join the brotherhood! 348s are great and while not cheap to maintain, definitely cheaper than a 355.

    The car above is overpriced in my opinion. 50K miles is a lot, should be more like $40k
     
  20. Auraraptor

    Auraraptor F1 World Champ
    Lifetime Rossa Owner

    Sep 25, 2002
    13,958
    MO
    Full Name:
    Omar
    I would get a Esprit V8 if any.
     
  21. kovachian

    kovachian Karting

    Jun 27, 2006
    228
    central Indiana
    Full Name:
    Ron
    You must be hopelessly addicted to car payments. I had that problem for the longest time. Since the car has been good to you, return the favor and be good to her. Just let her entertain you for a while longer, payment-free, and save up some cash in the meantime. I may be wrong but I'll bet you'll be glad you did.
     
  22. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Not wrong at all, that's what I'd do too. :)

    The 308 is a classic Ferrari and definately a keeper. But like any other, one misstep can cost you a years worth of 355 payments.

    To Giallo, if you're looking for the "Ferrari Experience" then by all means sell it before it'll cost ya. Then buy the next one "up" but only if the previous owner has already paid for its recent service etc. Keep doing the two year hop and before long you'll be able to say that you used to own almost all of the mass produced Ferraris.
     
  23. I'm gone

    I'm gone Formula Junior

    Feb 5, 2006
    619
    Phoenix,az
    Full Name:
    Brian
    Car payments bad! pay cash for car's if you really want to get ahead in life.
     
  24. Ken

    Ken F1 World Champ

    Oct 19, 2001
    16,078
    Arlington Heights IL
    Full Name:
    Kenneth
    Jalpas and Mereks are frightfully expensive to maintain, and parts are an issue, especially with the older Maseratis. The Testarossa is also an expensive proposition if anything goes wrong, and even routine maintenence isn't cheap. Not to discourage you from these cars, just do your homework before you buy so you're not in over your head.

    I've driven a turbo Esprit and it will run rings around a 308. But you won't get the snob appeal of a Ferrari so that depends on what you want in a toy car. (Typical conversation:

    What kind of car is that?

    It's a Lotus.

    Who makes it?

    Lotus.

    That's a Pontiac, right?)

    You might try a 348 or 355 as they have more power and good examples won't be the money pit some other cars might be. How about a Mondial T? That's a wonderful car with good power and great as a daily driver.

    In the end though, get what you like!

    Ken
     
  25. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    +1000
     

Share This Page