Help with Ferrari purchase

Looking at a Testarossa at Lamborghini of Denver. 1989 with 12,000 miles;however they are "unsure" of service being done. They are asking 60,000 and will split the service. They intially said 5,000 for major. When I checked with Ferrari of Denver they said 10,000 for major and that 5,000 is fluid and belts only. Is anyone familiar or have owned this one. Also is 60,000 plus half of the service so 65,000 a reasonable price for this car if otherwise in good condition? I plan on having an inspection done by Ferrari of Denver.

 

How about trying for a big cash discount and having the service done by a local known mechanic ?

 

What do you think I should ask for in terms of price, what is a reasonable selling price for this car with no service?

 

Since you have no idea what the service is going to require, I'd lower my offer by worst case for service repairs. 10k discount to start.

 

Agree, with no information about service means "assume no service". 12k miles on a 20 year old TR means that it has spent most of its life sitting which is very bad for countless parts. Call the Ferrari dealer or good independent shop of your choice near you (there are several in Florida) and ask them what they would charge for timing belts change plus all of the other things (all fluids, all hoses, all belts, potentially a lot of other stuff) to make a garage queen road worthy and reliable and start from there in your negotiations. I think that you will be better off negotiating the discount on the car "as is" and having the service done near you where you have more control over the quality and outcome (local shop will want your repeat business) plus it is easier to go back and have things redone if needed.

I can't add any good information on current TR pricing.

 

Contact Dave Helms owner of Scudera Rampante. Location Bolder Co. for your Ferrari needs!
Dcof

 

I'd say with the limited info here that 10000$ at an AD in the bare minimum. There will be "while we're at it" stuff.
I'd add another 5K$ for that.
Just my 2 cents with recent experience.

 

US$10K for a TR major service is a lot more realistic than US$5K. I just paid $5500 for a major on a 328 at an independent, and the dealer wanted $9300. Check the TR parts price list for common stuff -- dist caps, wires, etc. -- and you'll see the tab can add up pretty fast. The car is 20 years old, so there will almost certainly be incidentals (fuel lines being foremost) that are going to need replacing while they've got the engine out.

As far as the price, I think $65K for that car with a fresh major completed by Ferrari of Denver is pretty fair, assuming the cosmetics on the car are as good as the low mileage would imply. It's not a steal, but a few thousand dollars either way is inconsequential compared to the running costs.

 

I'd say 60k is fair price only if need the low mileage. Double the mileage and the price drops 10-15k. There are a lot of TRs that can not be sold because of the service costs. I'd say haggle them to death and wait. It will not be sold for 60k in this economy.

Ace

 

PM sent

 

I have an 85 with a recent service that I'll make you a really nice deal on if this car falls through.

http://cgi.ebay.com/ebaymotors/Ferrari-Testarossa-TESTAROSSA-1985-FERRARI-TESTAROSSA-RED-TAN-CLASSIC-BEAUTIFUL_W0QQcmdZViewItemQQ_trksidZp1742Q2em153Q2el1262QQcategoryZ157049QQihZ012QQitemZ220401307571