Anyone know anything about a 92 348 in AZ for sale? ZFFRG36A9N0091315 http://www.canamimports.com/inventory/view/2805711/1992-Ferrari-F348 how about the mechanic - Falbo? Spoke with the dealer who's selling it for a friend of his. Here's what he told me -- Car in 2006 was "parked at CC and parking brake wasn't engaged properly.... car rolled down hill and hit dead square on a concrete column. V'd the front bumper and cracked the hood. both of which were replaced. Also the spare tire housing was replaced. All underbody pieces were also replaced with new old stock. No frame damage" Thoughts? I know the value is going to take a hit - I've bought some salvage cars in the past. I'm looking for a driving car, not one I'm going to part with next year. and hell yes I'll get a PPI with leakdown/compression test. Thanks in advance. David
my 'spare tire housing' was a can of tire-inflate-goop, didn't think any 348's had a spare tire? the car looks clean - but they all do when they're for sale. You're probably looking at a $10k hit on resale because of the salvage title. No - it doesn't make sense, but that's the way it works.
Didn't we have a member here whose 348 had exactly the same damage several years ago? Was it Dr Stranglove?
I've heard Falbo's name numerous amounts of times in the Valley and in the AZ section. I believe I've seen this car before as well, not sure if it's the same one though.
Yah..that's just what the guy said to me. So 10k off the 38? I'm finding a big discrepancy between what the cars are worth and what's being asked.....
Yah..that's just what the guy said to me. So 10k off the 38? I'm finding a big discrepancy between what the cars are worth and what's being asked.....
Does anyone else ever think it's strange that every salvaged car being sold has no frame damage? I mean really? They totaled it for a bumper, trunk tub, under body pieces and hood. Am I really supposed to believe this? I know they are just trying to sell their shiny turd but when they don't even know the car has no spare tire it just proves that you can't believe ANYTHING they say. I have seen these salvaged cars floating around for in the 20's regardless of condition. Some of the better ones in the high 20's. Never pay 30 anything in my opinion.
Right, and a little old lady drove it back and forth to church too. It has a salvage title for more than a parking brake accident. Unless it fell off a cliff.
LOL.. I was thinking the same thing. I don't have a problem with a salvage per se.. if I get it at the right price and have a good idea of what's wrong with it.
cars are still for sale because the owner feels it's worth more than the buyers. Realize most 348 buyers will avoid any salvage title, at any price, and are that much tougher for you to sell later on. I'm a fan of buying the best you can find, ymmv. There's so many things that could be wrong with these cars, and a PPI can't find everything (different subject!). I thought I had a good deal, but had $30-60k of mechanical needs, even at 'free' it wouldn't of been much of a deal, (it was shiny too).
With a front end collision, the insurance companies are going to want to repalce everything with new parts - no used and no repairs. They are concerned about liability issues later. MY 348SS got a small hole in the front bumper at speed on the freeway. Also smashed the lip spoiler. This should have cost $2500 to $3000 total to repair, but the estimate ran to $9000. New bumper cover, new this and that. I can see how the cost of the replacements for NOS parts could lead to a salvage decision. So, that said, don't judge too harshly on the finished product. Car might be absolutely fine, but saddled with the salvage title albatross. Still, I agree this is a $10K issue for resale purposes. If you are never going to sell the car, it's worth what it's worth to you.
I spoke with this dealer a few months back...was told nearly the same story, they didnt seem interested in budging on price at the time. I will point out that the tires are mismatched brands... and the front lower air-dam is custom.
If Ferrari parts are anything like Viper parts (I'm sure they're worse) a 'fender bender' could easily mean a total by the insurance company. If the hood on my Viper GTS received the slightest crack the car would be a complete loss. The hood from Dodge is over $18,000 not including paint etc. Don't confuse (properly) repairing a damaged exotic with an Accord, what could be a simple fender/door replacement is almost certainly an ordeal with a limited productionn vehicle. As others have said a salvage title will hurt the value no matter the reason but if you plan to hold onto it 'forever' don't get hung up over a few grand. Good luck and let us know how it goes. Rob
http://dallas.craigslist.org/dal/ctd/2907148916.html No affiliation. Looks ok, needs a 30k. Meh, check it out anyway.
I was also looking at this 348 in AZ. Was told the same story. They had FALBO motorsports do about 6K worth of work to it. I'm looking for a 348 to hold onto as long as I can. Not really looking at selling again in the future. So for me, if it all checks out, a low, low off might be coming.
Did you run the VIN to see if it is actually a salvage title? Usually they pull the VIN plate off the hinge pillar when salvaged unless it was bought back by the owner sometimes it stays intact.
I saw the tires but didn't even catch the air-dam. Good catch. Also the FR fog lamp is missing the black side cover. If you get really picky, it also looks like the RF bumper cover is up a little higher than the right where it meets the body. The dealer made the comment "it was repaired so well they probably wouldn't even notice it at Pebble Beach". I bet they'd catch that air-dam. As for pricing, I get the impression he's not willing to come to a realistic price either. He said he's had offers of 25k, 30, 32k and 35k and he thinks it's definitely a "38k car". I'm still waiting on pics of the engine bay. Interesting they aren't on his site. As I've said, I'm looking for something to drive and would consider a salvage car as I'm not really looking to sell it. But I do have to always think about my exit strategy and if I buy it wrong then it's no worse than the Yahoo stock I'm still sitting on at $15... which no one wants either.....
I've seen a copy of the title. According to the dealer, the owner threw a fit with the insurance company and forced them to total the car. The inference is the owner bought the car back but that's just my opinion listening to the whole convo with the dealer. I asked for pre-repair photos from either the dealer and the owner (he says he's friends) and of course "they don't have any". Every car I've ever wrecked I took my own photos --- I sure as hell would take my own photos of my totaled Ferrari. Even if it was just a "V" to the front bumper.
Sounds like a case of insurance fraud that he got away with. If it accidentally rolled down a hill, and just happened to hit a pole square on, then the owner got pissed about the insurance, he wanted it gone, but couldn't sell for what he thought it was worth.
David, I live in Scottsdale, AZ and know this car. PM me if you like and I can give you a detailed report on it and Andy Falbo's shop, Ferrari Motor Service (FMS) in Fountain Hills.
Have never ever seen a vin removed , neither by insurance company or salvage auction 1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
Well , i bought mine from hagerty ins with a cracked front air dam , cracked rocker panel cover ,2 cracked wheels and a bent lower control arm , so it does happen , and i took pictures to prove it . As far as value , it depends on the car and the story . I own a dealership / repair facility , so my car is always in view , i have three regular customers , and i say that because i know who they are and that they mean what they say , who have made offers from 40k to 45k , they are not concerned about the story , they just want it for the car that it is , an absolutely flawless car.all i need to do is say its for sale , but . Unfortunately , for them its not for sale . 1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles
