Not another what's it worth thread. | FerrariChat
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Not another what's it worth thread.

Discussion in '308/328' started by Jdubbya, Sep 22, 2015.

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  1. Jdubbya

    Jdubbya The $10 Trillion Man
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    #1 Jdubbya, Sep 22, 2015
    Well I hate to post this but it is what it is and I find myself in need of some cash...pretty quickly. I've made the hard decision that it's time to move my '78 308GTS on to the next caretaker. I haven't been showing it the love that it deserves anyway so it's really actually overdue.

    I have a bit of a dilemma though as there are a few issues...

    1) it's a high miles car at just north of 105K.
    2) I'm currently in the middle of trying to get timing and carb balance issues sorted
    3) It needs a few things but I've also put a LOT of work and money into over the 11+ years I've owned it.

    I'm honestly thinking that the market is nuts and I don't want to leave a bunch of money on the table. BUT I also am realistic and know the poor running (if I don't get it sorted in the next couple days) and other small issues mean it's a risk for someone to take on.

    I recently did a compression test and all cylinders were well within 10% with only #3 being off by about 8%.

    So my thinking is this.... throw it up for around $50k and see what happens and where it shakes out.

    Opinions are greatly appreciated. I honestly really hate even posting this but like I said to open, it is what it is.
     
  2. Kidasters

    Kidasters Formula Junior

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    #2 Kidasters, Sep 22, 2015
    It sounds to me like you are asking too little. Original, decent cars with no rust are priced at 80-100. You need to recalibrate.
     
  3. T308

    T308 Formula 3

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    #3 T308, Sep 22, 2015
    I think you're selling short as well. If you're in a big hurry and you need $50k now put it on ebay with a BIN of $55k and somebody will step up even with the issues you describe.
     
  4. Sean F.

    Sean F. F1 Rookie

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    #4 Sean F., Sep 22, 2015
    Not cars with 105,000 miles on them that need a tune up.
     
  5. Jdubbya

    Jdubbya The $10 Trillion Man
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    #5 Jdubbya, Sep 22, 2015
    Yeah I dont think $50k is too awful low for what it is. I really dont want to sea with fleabay or stealpal if I can help it. But can't live in it so off it goes.
     
  6. ColoradoTiger

    ColoradoTiger Formula Junior

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    #6 ColoradoTiger, Sep 23, 2015
    Hagerty values your car based on condition, not mileage. Check their website.
    1978 - 1979 Steel GTS:
    Condition 1 - $110k
    Condition 2 - $88.5k
    Condition 3 - $71.3k
    Condition 4 - $53.9k

    If it needs a few thousand dollars to get it to a condition 3 or 2, go for it.
     
  7. Kidasters

    Kidasters Formula Junior

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    #7 Kidasters, Sep 23, 2015
    Plus - I personally think Hagerty values run about 20% low.
     
  8. AaronMeisner

    AaronMeisner Formula Junior

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    #8 AaronMeisner, Sep 23, 2015
    My advice: Contact PenFed and refinance the car to get the cash out that you need short term. Next, sort the car out over the winter. Sell in the spring for a full and fair price. Rates are too low to let short-term issues drive long-term decisions.
     
  9. GrayTA

    GrayTA F1 World Champ
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    #9 GrayTA, Sep 23, 2015
    I know several people who would snap it up at that price.




    PDG
     
  10. onefastman

    onefastman Karting

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    #10 onefastman, Sep 23, 2015
    +1
     
  11. Jdubbya

    Jdubbya The $10 Trillion Man
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    #11 Jdubbya, Sep 23, 2015
    That's not really a great option for me right now. Just not in a great situation. But I think I've also pretty much resigned myself to it going.

    I hope there are those folks out there. I'm going to try to get some time to work on it tomorrow and Friday evenings and see what happens. I think if I can get it running "better", it runs now just not great, I will probably post it up here in the next few days.

    I really need to make a list of all the extra stuff I have too. New and used parts etc...and see if they go with it or sell separately.

    Thanks guys for all the opinions.
     
  12. chris_columbia

    chris_columbia Formula Junior
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    #12 chris_columbia, Sep 23, 2015
    If you look at what open auctions really sell for on ebay, his price might be a bit high. Lots of people ask big $, but look at what things sell for. Good running steel 308 and 308QV with 50K-70K miles sell for around $50-55K. If it is running poorly, it will definitely sell for less. I think best place to list it is here, as the fees aren't crazy like ebay. I've sold a few high dollar items lately, and I'm giving ebay and paypal over 10% of the sale! Also, people here will understand what it needs better and not discount it too much.
     
  13. rdefabri

    rdefabri Three Time F1 World Champ

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    #13 rdefabri, Sep 23, 2015
    Yes, but I'm not sure eBay is the best data point. A lot of those auctions go unfulfilled, and eBay in general is a different crowd / market.

    Private sale, I think $50K is too low if the car is in decent shape. I'd think - as noted by the post above with the Hagerty valuations - $70K is about right.
     
  14. Sean F.

    Sean F. F1 Rookie

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    #14 Sean F., Sep 23, 2015
    My attempt to sell my condition ~2.5 car says otherwise.
     
  15. Sean F.

    Sean F. F1 Rookie

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    #15 Sean F., Sep 23, 2015
    Ebay fees to the seller for cars sold over $2,500 are $120. The buyer pays nothing.
     
  16. etip

    etip Formula 3

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    #16 etip, Sep 23, 2015
    John!!!!! WTF?!?
    Man... I'm so sorry to hear this.
    Don't sell the twin!!!!
     
  17. Jdubbya

    Jdubbya The $10 Trillion Man
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    #17 Jdubbya, Sep 23, 2015
    Yeah sad but true. :(
     
  18. etip

    etip Formula 3

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    #18 etip, Sep 24, 2015
    I'm so sorry to hear that.... Maybe I can buy it from you and sell it back if or when you are ready???
     
  19. Jdubbya

    Jdubbya The $10 Trillion Man
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    #19 Jdubbya, Sep 24, 2015
    Thanks I appreciate the thought but it's time to move it on to it's next caretaker. I'll be back in one car or another though. :)
     
  20. BigTex

    BigTex Seven Time F1 World Champ
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    #20 BigTex, Sep 24, 2015
    I would get it into the hands of an expert, to solve the running issues.

    THEN, put it out there at full retail $$, expecting to take a hit, from there, on the "high miles" issue.

    Which in fact is not high miles, for the years, but high miles in "Ferrari Land"!
    GLWS!
     
  21. Jdubbya

    Jdubbya The $10 Trillion Man
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    #21 Jdubbya, Sep 24, 2015
    Well I am giving up. Posted in the ad section. $52,500. Get it while its hot.

    I just dont have any more energy or time to put into it. On to its next home.
     
  22. Jdubbya

    Jdubbya The $10 Trillion Man
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    #22 Jdubbya, Nov 30, 2015
    It would appear the shysters in CA have found a new home for my former car in the UK somewhere. I've gotten a few messages from a gent saying he bought the car and would like any info I have. I just hope they were at least somewhat honest with him. Will post updates as I find out more. I will of course gladly share records and info with him.
     

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