A 348 spyder 43K for $35,000 anyone know it? | FerrariChat

A 348 spyder 43K for $35,000 anyone know it?

Discussion in '348/355' started by medic1, Nov 22, 2010.

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  1. medic1

    medic1 Rookie

    Aug 12, 2006
    34
    Hi everyone, I don't post too often but I have been a long time reader here.

    I was curious if anyone knows this particular car for sale at Gullwing motors in NY or could give some critique. I've not heard too much about this dealer recently. But I think some people have mentioned things like old/tired cars in need of servicing in the past, I prefer to withhold judgement until I actually hear from someone who has dealt with them personally. Anyway the car is a 94 348 spyder with 43K on it. No mention of a major service in the ad. In fact no real useful information in the ad at all. He's asking $35,000 for the car which leads me to believe there must be some deferred maintenance or issues in need of attention. Anyway, here's the website:

    http://www.gullwingmotorcars.com/detail-1994-ferrari-348-spider-used-6274406.html

    I look forward to your learned responses.
     
  2. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    Looks good, but no mention of any service records or service history?
     
  3. unfunnyclown

    unfunnyclown Karting

    Jan 29, 2010
    51
    I love how they mention that it has heat, but nothing of the service history. I remember reading along time ago a post about a 911 on ebay and one of the options were windshield wipers. It must have been rare because I had never seen it before;-)
     
  4. anunakki

    anunakki Seven Time F1 World Champ
    Owner Rossa Subscribed

    Oct 8, 2005
    78,876
    Las Vegas Nevada
    Full Name:
    Jerry
    My favorite color on a 348....get a PPI and go git her !
     
  5. Chupacabra

    Chupacabra F1 Rookie
    Owner Rossa Subscribed

    Sep 30, 2005
    3,525
    Behind a drum kit
    Full Name:
    Mr. Chupacabra
    +1! That is a beautiful color. Do your due diligence and proceed if it looks right! If it checks out, you'll get a nice car for a good price!
     
  6. Rob'Z

    Rob'Z Formula 3

    Mar 29, 2008
    1,024
    Tucson,AZ
    Full Name:
    Robert
    Also looks to be a super-rare SOHC version. The engine is lighter with less reciprocating mass. ;-)
     
  7. flyguyskt

    flyguyskt Formula Junior

    Sep 22, 2009
    443
    South Dakota
    Full Name:
    sean
    just plan on an extra 8-10K for service and your good to go.
     
  8. tajaro

    tajaro Formula Junior

    Mar 22, 2009
    686
    Gulfport Florida
    Full Name:
    Erik V
    I've been a follower of this site for years- great project and dream cars to provoke thought. I think they are all honestly marketed and the prices reflect that. None are perfect and all have potential. At least they are always interesting (like the Montreals and '59 Alfas).

    Give them a call and ask.
     
  9. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    go get it brother

    you will luv the 348 spider
     
  10. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    that looks so beautiful in that colore
     
  11. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    AWESOME colour!! :D:D
     
  12. captglen

    captglen Formula 3
    Silver Subscribed

    Nov 25, 2007
    1,790
    West Palm Beach, Fl
    Full Name:
    Glenn L.
    You will love the 348 Spider, Get a PPI, and do a compression test. If all checks out you should be good to go. Find out the last Service and call a few Ferrari dealerships with the Vin and see if they have anything on it. Check the Top and see what condition its in. Take her for a test drive, you will not get into 2nd until she has warmed up, thats pretty normal. Let us know how you make out.
    Good Luck
     
  13. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    I agree. As long as you plan on spending more that just the $35k you should be fine. Just don't get into it and not have anything extra. The inspection is well worth the price.
     
  14. jmiff348

    jmiff348 Formula 3
    Rossa Subscribed

    Nov 30, 2006
    2,369
    Texas, USA
    Full Name:
    Jarrett
    Nice looking car! Like the others have said, get it checked out. If you decide to buy 'er, be prepared to: 1) spend some money on the major service, 2) have some fun getting 'er all sorted out, and 3) find a good dermatologist to help you fix the stretch marks on your face that will be caused by the endless ear-to-ear smile!!!
     
  15. rbellezza

    rbellezza F1 Rookie

    Jun 18, 2008
    2,793
    Henderson, NV
    Full Name:
    Roberto Bellezza
  16. Chupacabra

    Chupacabra F1 Rookie
    Owner Rossa Subscribed

    Sep 30, 2005
    3,525
    Behind a drum kit
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    Mr. Chupacabra
    Yes...Have an available reserve, of course :)
     
  17. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,325
    Palos Verdes
    Full Name:
    Vince V
    Nice color, not too common. Makes me nostalgic for my old Spider...
     
  18. carguyjohn350

    carguyjohn350 F1 Rookie
    Silver Subscribed

    Mar 7, 2007
    3,985
    Houston, TX
    Full Name:
    John P
    Funny, I was just looking at this car on their site not 20 minutes ago. Sadly, for the time being I am just dreaming though ;)

    The front spolier looks to have some rock chips and the interior looks like it might be a little tired, but for the price those are probably small considerations and relatively easily corrected as long as the car is in good mechanical order.

    I concur that the color is very nice looking! :)
     
  19. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,380
    Houston, Texas
    Full Name:
    Bubba
    John,

    Moorespeed in Austin had a 348 coupe this color, IIRC......or did.

    All services up to date, etc.
     
  20. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    Which means it was actually driven, as opposed to sitting around rotting away ;)

    I concurr
     
  21. medic1

    medic1 Rookie

    Aug 12, 2006
    34
    Thanks for the replies everyone, I sent an email asking about the service particulars of the car. Will post back with the reply. Thinking about the financial reality here too. How much more do you guys think this car will depreciate in the coming years. What do you guys think is a reasonable yearly service budget? I'd likely drive it about 3000-4000 miles per year and would appropriately service the car as I do all of my cars.
     
  22. I'm gone

    I'm gone Formula Junior

    Feb 5, 2006
    619
    Phoenix,az
    Full Name:
    Brian
    In 1992 I bought a new 4x4 pickup (and still have it) for $22,500, it's probably worth $2,500! I'd be surprised if you would loose $20,000 on your car like I did on my pickup! Just one way to look at it. For maintenance, after you do the major and have good tires on it, throw $50 per week in a cookie jar and you will be close for oil changes and your next major.
     
  23. Isobel

    Isobel F1 World Champ

    Jun 30, 2007
    10,630
    On a Wave's Chicane
    Full Name:
    Is, Izzy for Australians
    Gullwing. Hmmm.
     
  24. medic1

    medic1 Rookie

    Aug 12, 2006
    34
    I just looked at a site called Bradan he quotes a major at 4700, which is not too bad considering I spend that every couple of years just maintaining my 750iL.
    OK Isobel, I'll bite, what's with the Hmmmmmmm......
     
  25. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,566
    San Carlos, CA
    Full Name:
    Mitchell Le
    I bought a brand new M3 in 1998 for $40,000. I still have it 12 years later, 130,000 miles in perfect shape, and it is probably worth $8K. A loss of $32,000.

    I bought a 308GT4, drove it for 6 years, sold it for about even money.
    I bought a 328GTS 3 years ago, still have it, and I would be surprised if I did not make money when I sell it, if I sell it.
    I bought a F355 this year, if and when I sell it 10 years from now, i would be surprised if I lose any money at all.

    However, now is a lousy time to sell a car, any car. And buying any car thinking it is an investment is absolutely foolish. Buy it, drive it, enjoy it and worry about it when you sell it.
     

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