Hello all, Considering picking up a 348 but figures seem to be all over the place on these. I'm eying a 90 348 TS with 32k miles, extra clean. Belt service is due in a year. What would something like this be worth? Assuming the prices on these have well bottomed out by now? Any help would be appreciated, Thanks
Indeed. I haven't noticed any in the 20s...... Something tells me though, if I ever wanted to sell a 348 it would take awhile.. I've noticed a few cars that are still for sale, from when I was slightly interested almost 6 months ago..
I'm in the market rigt now and there have been several cars dip into the $20k's from fairly used up cars to ones that actually aren't too bad (albeit looming service inside of 2-3 years). A few up to date serviced cars have been going in low $30k's you can search sold and completed ebay auctions by loading "ferrari 348" in the search bar. It will pull up all things 348 related. Go to the left and scroll down to "show only" box. You can filter by "sold listings", and "completed listing." Click those and filter once more by scrolling up on the left to "cars and trucks." This will bring up a couple previous months of auctions. Mecum and Auctions America have also had 348 go for under $30. It's a buyers market right now IMO...and that's a good thing. A lot of car for the $.
Thanks, I didn't really think about Ebay. Not where I would think to shop for a F car. I've always loved the styling of the 348 and 355 more then other F cars that are still in my price range.
Nice 90 348 with a year left on service is worth about $32k. Decent cars in the 20s are very hard to find, may leave you without a Ferrari if you have to have that. 348 market is much tighter than 355, prices firming. Been involved in the purchase of 4 in the past 6 months. You can price check all day every day, but ultimately if you want one, you gotta just buy it. So what if you pay $1000 too much? You're driving.
Someone else posted that the car I asked about should be high 20s to low 30s. I just don't want to drastically overpay for one because I'm excited about ownership
So let me understand this: albeit looming service inside of 2-3 years. Belts just done = belt service due in 3 years = reduced value Belts done a year ago = belt service due in 2 years = reduced value Belts never done = belt service due = reduced value How about I give you $1000 to PLEASE get this, always needing belt service nightmare, off my hands. You guys really need to relax with the belt service nonsense. Pick a different car if the belt service bothers you because if you buy it, guess what happens when you try to sell it?
No it's certainly not the place to "define" the market, but a lot of cars move through there and it's just more piece of the overall puzzle
"Should be" is the key phrase. If it isn't, then it isn't. Are you going to just "wait til the right deal comes along", or are you a buyer? If you're a buyer, then make some offers. If they're all turned down, then you'll have to offer more to get one. If there are no more on the market, that means nobody else is willing to sell. Then you have no car. Ferrari dream unrealized. If you want a car, then you have to choose from what's available. That's the market.
Yeah, I must not get it... Most of the 3 series owners are going by 5 year service intervals but not everyone. So two identical cars, year/miles/color/condition. One just out of fresh service and the other 5+ years since last and or unknown history and both cars should be valued equally? I think no, but obviously I have no clue. Servicing a car does not cumulatively add to it's value...service is a cost of ownership, but more "recent" service carries value with it.
That one seems to be a bit of an outlier due to mods/upgrades. I don't know what it sold for either but it was listed at $45K and was due for a major service (last major completed 7 years ago).
I got mine off of ebay, couldn't be happier with it. Only thing that has gone wrong so far in 1 1/2 years is the alternator. And I found a good replacement for that with a lifetime warranty on it. With any F-car purchase, a good PPI is required and a personal inspection is a definitely recommended! Paid mid 30s for mine with 24k on it but it was in great condition. My car now has 31k on her and she still gives me chill bumps every time I push the start button!
Overall maintenance is a major factor in price to me, not just time since last service. These are old cars, lots of things are wearing out even if they sit. Don't worry so much about how long ago the service was, and focus more on the quality of the overall upkeep, service records, and the experience of the person servicing it. I'd take a 4 year old service from a known pro over a recent service from a no-name exotic shop any day. You'll see the terms "major service", "belt service," and "30k service" get tossed around, and they are often used interchangeably by owners and shops alike. However, the amount of "service" a car actually gets during this process can range from a $2,000 quickie belt swap to a $12,000+ comprehensive service and refresh. Clearly a car with a 3 year old full major with water pump, clutch, valve shims, proper timing, new tensioners, belts, etc. will be a better value than one with original everything except for a shiny new Dayco timing belt. Those belt services are pricey, but there are plenty of other things that are expensive too. I say this simply to ensure you recognize that not all "service" is equal. If the service, or lack thereof, become a point of contention in the price, be aware that unless you can verify exactly what was done, you can't hang a true value on the service either, and that's a huge chunk of the price. In conclusion, if you can't verify the service history to your satisfaction, there is a good chance you are gambling 1/4 of your purchase price anyway. Don't sweat a few thousand. Make sure you have some cash on hand for the inevitable expensive repairs, then get the one you love, service it well, and drive it like you stole it. Good luck!
Not going to sweat a few bucks but I also don't want to pay top dollar for a car that will need a major. I don't keep cars long at all, so I'm usually a little patient with finding the right car as almost always I come out ahead when I sell a used car I've owned.
After all the cars I owned, upgraded, driven to death and babied I bought the 348 because my wife finally said she really hated the Porsche turbo. The $ was the other 1/2 of the decision though added an engine work fund that the car really does not need right now. Love driving both cars on roads unknown. The balance is whichever car I like today gets the upgraded parts on it.. and you drive the other while its apart. Sweet !!
I'm not real fond of the early 348's so I would go with the OP's price range. Hate to see any 348 in the 20's but weaker, problematic cars need to be priced there. Everything else is in the 30's up. For me, a 348 in the $20's is an opportunity to make some money on repairs, enhancements and a flip.
That, coupled with knowledge, is all you need. So long as you avoid the "red mist" you'll be fine. There are plenty of good cars out there, and lots of great ones too!
I'll let Chad chime in if he so desires about our negotiated price. I will say I got damn close to my asking price and all you guys and gals sitting on the fence need to start getting serious cuz kids, prices are creeping up. My car was exceptional even with out the big mods, those just made the pot sweeter. It may just be my ego but I think Chad got the car that you all wanted but were afraid to go for it for one reason or another. Good cars will always sell for more and those who buy 'em will always be the happier ones.
IMO, a 348 priced in the 20's probably needs belts, a clutch, tires, a transmission, and some cosmetic TLC. Unless. Of course, you stumble across a true desperation sale...but most people who can really afford to maintain their cars will not likely get to that point.
I am not an expert like so many on here and I dont do any work on my car. That being said my advice as a relatively new owner of a 1994 348 Spyder (Dec of 2012) is to buy the BEST CAR you can find and not contiunually look for the cheapest. There will alwayss be one that might be a little cheaper. However while you are continually looking you will miss the super pleasure of owning one of these cars. I bought my car from a dealer and paid a good price but the car is absolutely perfect and it had service records from a reputable shop. Belt service was done 3 years before i bought it. The dealer had the car for two days when I wandered in and saw it. Since that time I have driven the car all over and it has performed flawlessly. In Dec of this year it goes in for a major and belt service. Try to find a car from a member on here who has taken care of the car, and if you have to pay a little more for it, in the long run it will be cheaper and you will have a great car to own and drive. These cars may be expensive to own and maintain but they are worth it. Mel
Anyone want to chime in on what my 1994 348TS Challenge is worth? (13 Produced) Major done at FOH this past Oct. Interior stickies are all done. Interior is dang near perfect. Engine and bay are perfect. Everything works. Paint is original but a 7 out of 10. Tools, Owners manual, car cover, seat covers and wheel cover included. 28k miles. Image Unavailable, Please Login
