Pride v Pride

1980 FERRARI 308GTBi - $53000

What is the popular opinion on this asking price?
How do you approach someone with such an estimation of their own cars worth?

A

 

Offer him/her what you are willing to pay... and then wait for that shocked look... then say, "here's my card, call me if you can't get a better offer". When out of ear and eye shot, laugh uncontrollably, it's good for you!

 

Yep. No point in bashing asking prices if you're not seriously in the market for the car. If you are, make an offer and see what happens. If he wants it more that you do, let him keep it.

 

It's not a surprising amount over here in the UK. Values have edged up over the past few years.

http://www.pistonheads.com/sales/3747179.htm

and all 308s:

http://www.pistonheads.com/sales/list.asp?s=190

 

Agreed. In my opinion, 308s are undervalued right now, especially in the USA. If you look at similar cars in Europe or the Uk, you'll see them commanding much stronger prices over there.

 

That may be true, but is that because of availability? I have no idea what the numbers were that were sent to the US vs the European market, but that could explain it rather than the cars being undervalued here in the states.

 

I don't know but these UK values are 50%+ up on their historical levels, say 10-15 yrs ago. The GT4 has lifted, too but the 328 not so much it seems.

 

Asking prices are just that, asking prices. Selling prices are another issue all together.

 

Looks pretty nice, but I think it's unlikely to sell at or near that price. I would think high 30s / low 40s to be the upper limit for a very good 1980 GTBi.

 

Maybe he got his pricing from this guy?


1985 Ferrari 308 QV - $70000 (Crownsville)

http://annapolis.craigslist.org/cto/3057176181.html

 

You know, when I was growing up, my perfect car was the 1985 GTS QV... In Rosso Corsa. If that car is exactly what the owner says it is, and he is indeed the original owner, I could see it selling for $55K... Maybe even $60K. His asking price is a little rich, but then again, that perfect Vetroresina car went for $95K last week.

 

The Europeans also got the much better 308s.

If I were legally allowed to register a European 308 in California, I would definitely pay more for one of those.

 

The real issue here is which is better, carbs or FI?


No wait the real issue is timing belts, 3 years or 5?



Mark this thread dead horse....


Can we make a sticky for each of these topics?

 

How can our car go up in value if we keep complaining about these prices.
I can just imagine the Dino owners are laughing at us 3x8 owner.

 

You can only lift yourself up so far by pulling on your own boot straps!

 

Maybe not impossible, and maybe even a good (or quite fair) deal. Consider the money and time you could sink into one of these to sort out. The economy is still a bit sideways and some folks are selling cars due to necessity which may be very nice. This holds the market at bay, but as sorted cars become more scarce, all of them climb.

 

The 308 "market" is a single-car market. It's so small, relative to other cars, that every car has to be evaluated on its own merits. There are real-world "values" from $5k to more than $100k and they are all worth it, depending on the car. So debating what 308s are worth is useless. Can you get a good car for $25k? Yes. You can also get a basket case for the same price. Can you get a perfect car for $50k? Probably not. Is an '80 worth $50k? Well it would have to be a very unusual '80 with an unusual buyer.

 

Nailed it on the head. They are all over the board. Depends on version, maintenance, color combo, time, shape, right seller, right buyer, location, mileage, etc...

 

So, you could equally argue that debating any rare old car's value is useless. Of course it isn't.

There will always be a median price and knowing it is of great value to potential buyers as they ponder the pros and cons of various Ferraris and other marques.

I don't much care what they are worth as I'm not selling mine nor am I buying another (though I've always felt good that once of a certain age, Ferraris tend not to depreciate).

 

There's a difference between debating a 308's value vs. 308s, note the apostrophe. We can debate any old rare car's value all day long, and that can be fun. That vetroresina car rumored to go for $95k...might be excellent value but it for sure takes a special buyer. Note how long it sat on the market before getting that price. What's the time value of money, of the difference if he had sold it quickly for $50k? He might have been able to turn it into $100k in the same time frame, and in that case he lost money on the deal.

I'm sure my car is worth at least $100k but finding a buyer to agree with me might take a while, and I could probably make up the difference in the time it would take to sell. But you're absolutely right, I like the fact it's not depreciating and I like to tell myself it's slooooooooooowly going up, true or not.

Now an '80 will typically sell for less than comparable-condition carb or QV cars. So if an '80 is "worth" 50 grand, then a comparable carb car is at least 60 and there you're starting into Newman territory. That '80 better be damn good.

 

The carb vs. injection debate will go on forever but a 308i is valued less by the market than a comparable carbed 308 or 308 QV. If this car was a carbed 308 there would be less resistance to the higher asking price.

-F

 

One thing we all can agree on - it isn't worth anywhere NEAR 50 large.

Case closed.

 

Precisely. The transition from carb to FI was not pretty, in a performance stand point, and it wasn't corrected until the QV came along. The market expects each subsequent year to bring enhancements in style, appointments, safety <shrug>, and especially performance. The early cat/FI cars did not improve upon performance. Lovely cars, but the discriminating market discounts them a bit.

 

Nope, case open. Maybe it's the weak dollar but it might get 50 over here. But through a reputable seller, not a craigs listing.

 

I stand corrected.

But not over here, that is for sure.