94 512TR Blue

Ferrari : Testarossa 512 TR in Ferrari | eBay Motors
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Beautiful. Love the colour combo.

 

Beautiful color combo. Definitely unique compared with the reds and blacks.

 

This TR was up for auction at Mecum a couple weeks ago. The price got up to ~$55k.

 

So would that be 60K with a buyer's premium?

 

I ran across this 512TR again today on eBay, the color really look like Blu Sera to me (same as my TR) but they claim it is "Swatters Blue". I know Swatters was available on the 456 in 1995, but was it ever available on the 512TR?...

 

that is a gorgeous car, Ferrari or not, I would be stopped in my tracks to see that car! wonderful color combination!

 

Not really into it. But to each their own. What I don't get is how dealers try to gouge people with these prices. The fact that the bid on this type of car only reaches 55k and the asking price is 100 tells all. Huge difference between actual market value and asking price. The most this car is worth is 60-65k. You see some listed at prices north of over 100. I guess these are sellers that aren't interested in selling and just want people to look at their cars but don't touch. I made an offer on the 1990 at the MAG dealer that was more than reasonable few weeks ago and they told me that they wouldn't go any lower than 1k below asking price? It's been for sale for over 6 months, has a cracked winshield, destroyed front bumper, and plenty of stone chips, and has over 40k miles. Needed 10k worth of work. I guess they just like to look at them in their show rooms

Pre-Owned FERRARI Testarossa in Dublin Ohio

I always liked this shade of blue
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It is just like anything else, you like and want something bad enough, you will have to step up to the asking price. These cars are becoming rare and good ones are hard to find. Without any regrets, I did pay top dollars for mine 7 years ago.

 

Right, but becoming rare and being rare are two different things. They are not rare yet, and that blue car will not be worth 100k for at least another 7-10 years. So unless the dealer wants to keep it that long, then they need to ask a realistic price. The high bid was spot on. And it was low because it is not a high resale color and the mileage is high. If it had been red or black it would have pulled a little more money

 

And it has no major/spotty service. Just keeps better and better LOL. I take it back. That car is worth 52-58k. SHould have taken that high bid. That car is staying right where its at.

 

In your profile you only list the Testarossa and the 512TR in your "wanted Ferrari" section.

Let me guess, you talk them down claiming a 512TR is worth 52-58k, until you buy one, and then as soon as you have one, you'll tell everyone they are ridiculously undervalued?

 

ROFL............TR's will never be worth $100K again...........even in 7-10 years.

 

so what now? never or even in 7-10 years or also then not?

sorry please for my question but I don´t understand this right

 

Here in the uk the average value of the cars for sale at the moment is £60k happy days folks

Tr boy

 

avg. value for ALL "series" of testarossa in UK?; 1985-91 tr; 92-94 512 TR; then M 1995 by itself.
my understanding is '85-91 < 92-94 TR <<< M (way more). So in UK a 512 TR avg 110-120k USD? and an M? (USA prices greater as only 75 US market)....w/c when you see advertised many dealers will say "only 75 ever made", forgetting about the other 425 Euro cars. Back to blue car; yes, pulled from auction (reserve @ 65k); offered FML@79K, (ad still listed); on dealers lot 99k w/o service or tools, very spotty records, 30k miles, speedlines have been replaced with stock rims and new tires. I offered 70K and was told "no way". Keep in mind three prices have been advertised (65k auction, 79k FML, 99k on lot..so WHAT PRICE is it I asked...."high 80's-low 90's" and therefore the car still sits!

 

what other color combos do you guys like? haven't seen too many yellows with either blk or tan interior. thanks

 

Not at all. I am going by what the auction value is and comparing it to the tangibles. Mileage, color, condition, and service. Facts are facts. The only cars that bring in the big bucks are the mint low mileage cars with desireable colors. FACT. The market price is set by availability and what people are willing to pay. I would never claim that it is undervalued nor have I claimed this. In the present time, that car is worth 52-58k. The auction results prove this, not me

 

Good luck on your search. Nothing wrong about having a dream... The only thing that is better than having a dream is having the dream to turn into a reality. You can part out a TR and get 60K. Just try to buy fenders, quater panels, lights etc. and see what it will add up to be.

 

To recap......

The standard Testarossa was a "volume" Ferrari.........over 7,000 built.......I am not referring to the 512TR or M.

Here in North America they start at $40K USD and up.....and IMHO the average asking price (without doing statistical research, this is just a gut call from years of market watching) is $55-65K......and has been for 10+ years now. 512TR's are under $100K now.........and they've been dropping fast.

This means that they start in the same price category as a fully loaded Dodge Caravan or a used sports car from several other makers, and often attract the same class of buyer, that is, someone who may not fully do their research and end up buying one of the less desireable ones, or buying a reasonable one, and pawning it off on the next guy when he finds out he cannot afford to fix it because of what it is.

The transaxle issue is a big $$ problem, as is the cost of maintenance and repair in general, when compared to other F-cars.

The styling is similar to the 348, which is also one of the least loved 80's era Ferraris................

Don't get me wrong, I have owned one and I love them, but I recognize them for what they are. Cheap to acquire in relative terms, expensive to operate and repair, as well as overtly plentiful compared to other cheap F-cars, except for the 308/328 series.

FWIW, they really look sexy in any shade of blue......especially Azzuro California with Crema leather.

 

I agree with alot of the last post. Only because I am committed to being an objective buyer. The fact is that when shopping for one of these, you cannot fall in love or become emotionally attached to a car while inspecting it. I know it is a difficult thing to do! I will tell you confidently that nobody in the history of mankind has wanted a testarossa more than me. There are people who have wanted ferraris more than I, I have zero doubt about that. But when it comes to this car, uh uh, sorry when I say that I mean it. However, I refuse to fall into a trap and buy a car that is a basket case or get ripped off by somebody who wants to sell their car for 10-20k over what it is really worth. It is all supply and demand, no matter how much our desires are, this is what sets the price. I have been looking at these since 1992 and have been realistically shopping now that I am able to purchase for the past two years and here is what I have come to realize about the values of testarossas and 512s IMO

1. Testarossas start at 35k for the crap cars, end at 65 for the creme de la creme. I don't care how clean your car is or the history. Sure some private party sales will break 62 but not by much and they are few and far between. Get mad at me all you want and say there are 86-91 cars worth 70-80k all you want. If you don't believe me, take your 75k car to any high end auction across the country and watch your car pull in a high bid of 48-54k max. Sorry, it's true. The only testarossas I've ever seen break over 70k at auction have had extremley low miles. The two I remember had less than 1500 miles on them. And I will have to guess that most people's cars DO NOT fall into that category. If you paid over 65k for a private party testarossa with low to average miles, then you got ripped off. End of story.

2. 512trs are all over the place. 55k low end crap all the way into the low 90s. Clean car good to go in the low to mid 70s. However, 90k is the peak, period. I don't give a flying f explitive deleted what dealer thinks that they're getting 100-130k for it. Fact is, they're not getting it. The blue one and the topic of this post is a pinup example of this. A car that the dealer thinks is worth 40k over the actual market value. I'd love to call them and hear why.

I'm sorry if this offends anyone but the market is the market. When buying this car, it is hard for people like us to be objective when buying because we are passionate about it and want it bad. And as somebody posted before, there are some nuts who will pay a wild sum for a car because they want it that bad. I'm not judging the actual person, and if you want to do that then go for it. Ultimately it will help the market for these cars in the long run. All I'm saying is that the market is the market. Don't buy with your passion and emotions, be patient and reasonable. That is what the long time owners have told me to do, and that is what I'm going to do.

 

I personally think that your post here assesses the TR/512 market perfectly and I agree with your price ranges for the US market.

But I still don't agree when you say the blue 512TR is a 52-58k car that would qualify in your scale as the ultimate crap 512, and even slighty worse.

Jack was right, 70k was the right starting offer, maybe climbing a little, but certainly not 100k as asked.

 

I also agree with a lot what Brad said earlier, but keep something in mind about auctions. The people buying cars at auction are usually dealers, and they have to flip the cars for a profit, so of course their bids will be a bit lower than the market. Remember there are 2 markets, the wholesale....and the retail...they are NOT the same.

That blue/tan 512TR is gorgeous, but it would be better if there was some contrasting color in the interior. I wonder if that car was specifically ordered like that? Normall the upper dash area is a different color than the rest of the leather.

 

Brad,
You're correct, the market is ALWAYS RIGHT by definition. But what's interesting today which is different ever since the TR hit the market is the "cost of capital". In other words, money is so cheap today that owners, especially dealers, can afford to hold onto their cars longer than ever before.

Now for my opinion on future prices.

The TR's have been scraping the bottom for over 10 years now. I remember looking at Canadian TR's at CAD$60k when the USD was about 1.5xCAD (USD$40k). US cars were selling for about $50-60k at the time also. Today, regardless of the exchange rate, good examples are selling for about the same price in both markets. Since then, the arbitrage has been broken and there is no more spread left based on currency exchange alone. Even "Australian delivery" versions selling for over AUD$100k are reasonable due to the scarcity of the RHD. IMO, it makes no sense importing a US car into Australia even though they appear to be half price.....they are not by the time you're done. Also a EURO40k average TR (USD$50) is worth what it's worth in it's respective market.

My point here is that WE HAVE CONSOLIDATION for the first time in TR history. This ultimately means that prices will remain stable for the near future but will start to creep up due to the inherent nature of what TIME does to cars. TIME rots, rolls, writes-off, parts out and simply converts good cars into donors leaving what ever remains out there more valuable due to scarcity. Yes scarcity. 7000 is really not that many considering the worlds population has increased by 50% since 1985 and 20% since 1995. Additionally, in all my life, I have only seen a handful of TR's on the road and you never miss a TR when you see it.

 

what the hell is with the spots on the drivers seat?