How much less is a storied car worth compared to a clean one?

it is what it is
my old 1995 355 spider had a small ding in the door....in order to repair it properly the whole door needed re-painted. I disclosed this when I was selling it and it wasn't an issue....
Dings and dents vs real damage are two completely different scenarios.

If you don't have clear bra on the front clip and front of mirrors you'll get stone chips. Im sure theres a lot of guys on here that have had clips, mirrors etc resprayed.

 

just adding my opinion, I believe the difference is approximately $15,000. That is comparing a car with up-to-date maintenance and belts versus one that needs all sorts of things like axle boots, alignment, belt service, sticky fix, new tires. I paid 45 thousand for mine with 14,700 miles and I had to put approximately 15,000 into it. In my honest opinion I think it is now worth 65 though I have it insured for 70. mine came with no service records and that is probably why I was able to pick it up for 45,000. They wanted 50k. I told them with no service records and the convertible top not working that I will have to put at least 10,000 into it so they knocked off five thousand. My driver side header cracked 2000 miles after I bought it. It is "pay now or pay later" my friend. I had to pay later.

 

Wow and that car still has the oil leak after $15k of work? Did FofLI resolve the issue ?

I bought my car serviced, I think a dirty Carfax or story car has a $5000 impact max if the car is otherwise ok with no issues. But if it needs mechanical work then yes deduct more accordingly.

 

I think you are way ahead having the car serviced since you have peace of mind. I have seen many fake repair orders and people claiming to do work on Ferraris that never gets done. Oil filters have a date code go check yours its right on top with a light and compare it to your service receipt to see if something simple like a filter change was performed.

 

Perhaps an even more interesting question might be:

"How long does the story stay relevant?"

If a car had an "event" 12 years ago and was properly corrected. Is it still relevant? If that car has been driven without issues and it's on the third engine out service with excellent analytics and ongoing service, does that matter?

Does a perfectly presented, well maintained, accident corrected Dino go for less money today than an accident free one? If so, how much?

 

The story will not matter to everyone. There's an as* , err, buyer for every seat . My salvage 348 had very minor damage , I have 3 regular customers, who I know mean what they say , remind me weekly that they would be ready to write a 40K or so check to buy my car , problem is my car is not for sale . And its not that i don't think that's a great amount of money for it , its just that i don't need or want to sell it , its kinda like selling your house now knowing they want to build a casino on your property a few years down the road .But to answer the question , you cant put a number on how much less , if any , each situation is different depends on the buyer , depends on the story. The guys that want my car all saw it , (and i took pictures before we fixed it) , they would not flinch in regards to buying the car. all depends on the story .

In regards to the example of the dino's mentioned , in the days before carfax , whos to say what the history of a could have been , i'm sure there's cars out there that were complete losses , being passed of as mint examples . Watch barret jackson , there's cars described as being past race cars , like a boss 429 mustang i saw , now completely restored , no one bats an eye at paying top dollar . You know before the car was restored it was a complete heap of crap .

 

IMO a perfect example is that spider in the other thread in NE.

If that car is not being bought because of that carfax blemish I would say it is a 10K or more hit on it.

That really sucks if there isnt something else unknown there.

 

carfax should allow the owner a chance to post pics of damage and repair.... I was in a small accident with a car I owned. I hit right on the airbag sensor both airbags deployed. I was on my way to Ohio from central Mich, I cut the airbags off and continued on. There was no major damage at all. In fact there was very little damage. Bumper cover air bags and a cpl other small parts, you would never have known. Carfax reported a major accident front end both airbags deployed.....its stupid

 

And many of you continued to rely on and swear by this Carfax thing while it is full of "stupid" stories.

 

Nindia. Is this the car being sold by Bo from European Auto? If so, do not believe a damn word he says. I can get into further detail if youd like.

 

If I'm looking at a car I will read the carfax but It's not the kiss of death for me if a car has been in a accident before...It might be to someone else though

 

I love buying cars with bad Carfax. Everyone is scared of them and I always get a killer deal. Its because of forums like these that you can buy a Ferrari for around 35k and feel /look like a million bucks!!!!!!

Every clean Carfax car I have seen has more paintwork and evidence of undisclosed prior repair than one with accident reported. I have seen, total loss, salvage you name it. Sure some are actually bad cars but those are easy to rule out when inspecting the car.

This poor red spider in the cheap 3 pedal thread now has a black mark on it from ferrarichat. I'm sure it will sell to someone who doesn't care about the rental/tmu thing tho. All that's left is to post the vin .

 

The VIN is in the ad. The SELLER posted the vin and it is in the carfax that he readily sent. The SELLER is the one who told me about the blemish on the carfax. HE DISCLOSED IT READILY.

Quote from his email:

Attached is the CarFax as requested.



As you will see, California issued a branded title back in 2000, I have spoken with the California DMV and as they reviewed the records they are assuming it was a clerical error, but they only keep their records for 7 years so they could retrieve anything back 15 years.



From there I hired a Massachusetts licensed vehicle inspector to inspect the vehicle, his conclusion is it’s the original mileage since he found no evidence of any tampering. Furthermore, it you follow the history report at no time did the mileage ever go backwards, the mileage increases have been consistent throughout its life.



After California, the state of New Mexico issued a clean title, and then the state of Maryland issued a clean title which I have in hand.



As far as the maintenance, I had everything done at Ferrari of New England, the major service (engine out) was completed less than 500 miles ago at over $16,000. This vehicle needs nothing and can be driven for several years with just simple fluid services.

AS far as buying a car with a ding on the carfax, if you get it cheap unless you play games on the sell, you will sell it cheap as well to the next guy.

 

I know the vin is in the ad, however its standard procedure to post it in the thread here so it shows up in the Google search. Along with any negative photos of its condition.

Sounds like a great car nonetheless!!!

Dirty Carfax cars are a great way to save money and enjoy the hobby! And yes you don't have to sell for cheap unless you are desparate and need to unload. Stories need an explanation , someone with knowledge to explain what has happened. Buyers are very comfortable buying cars like these but don't admit to it on message boards.

If I was in the market for another spider this would get strong consideration.

 

What kind of games do you refer to?

Common misconceptions about Carfax reporting cause buyers to be apprehensive, sometimes wrongfully so. To people who know cars, a carfax is a good starting point but irrelevant because the car can be totally different than it's made out to be in the report. Plenty of high end cars are sold with dirty reports. It all comes down to what one is comfortable with.

Cheap is a subjective term. Everyone should remember that for their dealings.

 

Value...

Nice stories free car> car with stories>car with clean title but branded in the past> car with clean title but branded recently>rebuilt>current salvage.

A car with an accident in its history is probably about 10% less than pristine. Clean title, prior salvage, -15-20%?


Here is an important distiction. It makes a huge difference as to what the current title is.

A current clean title, salvage in the past - usually NO issues. Insurance doesn't care. State doesn't care. Easy to insure.

Car with current salavge title: hard to insure.

 

Yep the title is what counts I agree with above post.

 

Alongthe same lines , 80's , 90's porsches had a small nylon gear that drove the odometer , they all failed , the teeth stripped off the gear many owners drove for years with this , the speedo kept working , just affected tho odo, the only person who would know would be the owner ,fix the gear before selling and voila , low mile porsche for sale , and no way for it to show on carfax . Unplugging the speedo drive on a 348/355 is so easy , i'm sure there are many low mile cars that truly arent. Especially when it comes to cars that are coveted for low miles. Valve jobs at 20k miles , lol , maybe it really isnt 20k miles


1994 ferrari 348 spider , third owner purchased may 2013 w/ 27804 miles

 

Lmao driveitdaily. So true. Valve guides don't just explode overnight.

I was gonna post a pic of my speedo working for these guys but why ? So they pick on something else? I have nothing to prove to anybody here but they all call my car a tmu because it allegedly didnt work when a ferrarichat "guru" drove it. I forgot Ferrari chat is the new DMV authority when it comes to branding car titles, what your state DMV rules are don't matter on here! They decide the branding for you, salvage , tmu, you name it.

All I know is if you can't tell the difference in bolster wear and other major components to see whether they are commensurate with mileage you deserve to get hammered on your "low mileage" beauty purchase. Carfax means nothing until you inspect the car. At best a negative report will save you money. I like when dealers tout about service records being in the carfax as if that matters.