Market Value for 308's

A magnificent steel '77GTB auctioned for $64k not long ago. That car was all-original, one-owner, US car, 8k or so miles IIRC, and in spectacular condition. That car can be classified as the top of the food chain

 

Sounds right to me. I have been trying to buy a friends one for the past year and he is not budging from 45k. Its a 77 in great condition with 45k on it but no tools. I looked at a couple of the 30k ones and they all needed tens of thousands spent to make them as good. New paint and seats are 15k plus alone.

 

It's probably right. $35K-$40K for a good driver, $55K for a great one.

I think there are quite a few that would fall below that range, mostly due to rust -- even in CA the early 308s are hard to find with clean door bottoms, and coastal cars seem to corrode along the seams.

 

values for "good" 308s have been climbing, particularly for early carbs and QVs. there have been relatively few "good" cars on eBay over the past few months, and some independent ferrari dealers don't have any to sell.

 

Is your 308 glass??

 

Subscribe for $15 and you'll see the link to post.

 

So somebady make me an offer too, I need a down payment on the Boxer I have found.....

 

This car was auctioned recently in the UK at the Coys Brand Hatch event....low price imo for a nicely kept GTB in an attractive colour. Albeit a right-hooker.

http://www.coys.co.uk/auctions/lot.php?auction=77&id=60214

19996 GBP was the sale price incl. commission.

 

ok, so where were all these people with cash when my clean black 77 gtb was for sale?

you guys are nuts.

not only that, but i have been seeing threads saying how " desirable" black 308gtb's are, yet mine was on here and ebay, and i got rid of it for $29,000.

sorry, i see people with money holding on to it, and only buying things with "equity" in them, be it cars, guitars or firearms of value.

in this economy we are now in, the middle class buyers are worried about gas and rising food costs, and will not be clamoring to get a Testarossa or 308 anytime soon. i make over $5k a month, am single, and i aint in any hurry to blow my cash on the next shiny thing i see.

i agree nice cars are always worth more, but condition, condition and condition is the key. many people i know would rather have a driver for $22k , than a pristine car they cannot enjoy (and drive anywhere) for $40k .

glass cars are the exception, $25k cash WILL buy you a very nice 308 if you look. and there are still beaters out there that need love that are under $20k.

4 so far and counting for me.

 

Prices are all over the map. You hear about the super low mileage garage queens going for 50-60 k, but as others have pointed out, what are they going to need to spend doing the suspension bushings, coolant hoses, fuel hoses, cv boots, timing belts, gaskets????

If you want a practical car to drive, ( probably has 40-100k miles), you need a good ppi, really good service records and little or no rust, otherwise, you are getting a pig in a poke.

If you are buying the car as a hobby and have the ability and interest to get involved, you can negotiate the known deficiencies. If you are going to have to pay for all of the work, you really need to have the car gone over by a trusted pro or have deep pockets, because 30 year old cars all need a lot of little stuff: (door gaskets, lock cylinders, little trim pieces, horns, washer pumps, little rust repairs, (particularly pre 85?? cars), You just don't want to get blindsided with a low cylinder, major crash stuff poorly fixed, a bad trans....., you get the idea.

So, prices vary a lot and the super low garage queens skew the results massively,

lots of luck,
chris

 

Close. Pre-1984

 

I guess that mean's you wont finance LOL! Mmmm drool Boxer!!!

 

Where's this boxer ?

 

Michael no offense but your black car was nice but no where near perfect and worth about 30k. Your location probably hurt the price. I looked at the old red one you used to own and it was OK at 27-30k but there is a world of difference between those 2 308's and an excellent original condition one which will easily bring 40k like the one I am trying to pry out of an owner here in Atlanta. I personally would rather pay 40k and get one that needed no work. As we all know its much more cost effective to buy the best to begin with. I have not seen a decent early 308 for sale for 25k in years that didn't need another 20k or so spent on it. Those days are gone.

IMHO I also thing most Ferrari buyers (even 308s) do not care about gas or food costs, certainly none of the owners that I know. I think in the future all the decent cars will go overseas or to collectors.

 

IMHO I also thing most Ferrari buyers (even 308s) do not care about gas or food costs, certainly none of the owners that I know. I think in the future all the decent cars will go overseas or to collectors.[/QUOTE]

That's right,
here in Europe are a lot of collectors who won't hesitate to take advantage of the low dollar against the euro.
Good Euro 308's are much wanted here and (Euro) glass cars are the top. Even the GTB/I's swich from owner in a blink of the eye.

 

You need to consider the buying power of the people the car appeals to as well as the rarity of the car. Until the car is actually worth more than the cost of fixing the effects of broken timing belts, rust, and poor maintenance the number of available cars will continue to dwindle as more and more 308's end up being parted out. Apparently the 308 appeals to folks who can afford the car but can't afford to fix them. There was another thread where they tried to estimate the number of 308s remaining in the world. They estimated that less than half of the 12000 or so that were ever made are still in existence and that they are disappearing at a rate of about 2 per week. I don't think we can stop the conversion of cars to parts. I question if there is any advantage to increasing value if you actually want to drive the car.

The following comments are just my opinion so take them with a grain of salt

With all that said I love the 308, it is by far the prettiest car ever designed and I can't explain why it is still possible for someone like me to own one. In my opinion the new Ferraris look too much like Toyotas. The only car that even looks half as beautiful as a 308 is an Acura NSX, and even though they made 18000 of those they still cost twice as much as a 308.

 

I've been searching (as you all probably know) for a excellent example of a 76-77 308 GTB, and as of late there are a few that have crossed my path (not really what I'm looking for), but I'm amazed because earlier, possibly due to economic doldrums, I've had a very difficult time even finding anything offered for sale.

The cost of some of these cars sure seems to have come down a bit since I first started looking. Mind you, I live in Southern California, in which I like to call the epicenter where the Country’s economic doldrums don't really affect our part of the Nation (maybe the housing crises might be an exception?). I'm pretty much in the same boat with Michael (both financial status and mind-set, am married though), in that I'm not in a huge hurry to part with a large some of money. With that stated, I wouldn't pass up on an excellent example though. The amount I'd be willing to pay would be commensurate on condition/color/books/records, etc....

I think at this juncture, I think that I can take the time and review all the available options.

Just my $.02....

Chris.

 

I would think the opposite would be true.

 

I’ve sought the council of a highly regarded Ferrari mechanic in the Southern California (won’t mention names), and sought him for some tutelage on an example that was offered for big money 3 months ago.

He suggested that I was “out of tree” for even considering the car and suggested that for the exception of glass cars, try to avoid the carb’d cars due to excessive maintenance involved. He went on to mention for the amount of money I would be willing to spend, I could go he 308 QV, or 328 route.

What can I say? I love and understand the carbs…..

I’m old school anyways….

Chris..

PARKER: I see you finally got you car out of "Vanity cars," looks great!

 

I don't find my carbed examples to be much of a problem if they are properly set up.
The overall periodic maintenence interval is the same, IMO.


They represent the end of an era before Catalytic Exhausts, so you have to decide if you want a Vintage Ferrari (carbed) or one of the rest of the 308/328 line, with injection that at this point I would argue could be FAR more troublesome than the carbs!
The later cars will reach Vintage status fairly soon though...LOL!


But you are right it is definately a decision as to how you want to use it and why you are going to own one in the first place.....

The same decision effects the Boxer purchase, I am looking at a 1976 carbed example now and would prefer that over a 512BBi but there's a hug personal bias at work there, admittedly....