Looking to sell Mint 1986 328 GTS 1-owner

Hey Guys,

Looking to sell a mint 1986 328 GTS and wanted your opinions please before posting in classifieds...

$139,900 Located in Chicago suburbs

The 328 GTS is one of the most reliable vintage Ferrari’s you can buy, period. This 328 GTS is like-new and with one owner for the entirety of the 30-year span. This car has ultra-low miles!! It has never been involved in any kind of accident and as such everything is as it was from the factory!

The paint is immaculate, the engine runs like a top, and the interior is near perfect.

Last timing belt, service etc done Nov 2013

Simple things like brakes cleaning/fluid done buy competent local sports car shops several times.

Low Miles, 11,800 (the Odometer is off on the car from a previous service issue, can be fixed)

All accessories, fans, and controls are 100% fully functional

The original A/C is great and blows cold air.

New tires several years ago

Always garaged with moderate temperature conditions.

Always removed from service in winter, never got any road salt on it, ever.

Hardly ever got rained on in 30 years. Maybe a couple times like 2 or 3.

Covered 99.999% of it life. No fading of anything, has had very little sun exposure.

All documentation available.

Even have the can of paint Ferrari supplied with new cars at the time.
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Opinions? Remember everyone has one and your car is only worth what someone is willing to pay for it...$139K?...No way

 

Thanks for the quick feedback. I've seen a couple going for $169 with slightly less mileage. This car is so minty fresh that I think there might be a collector wanting one so perfect.

 

This car has more miles and who knows about it's story/history:
Cars for Sale: Used 1987 Ferrari 328 in GTS, Addison TX: 75001 Details - Coupe - Autotrader

 

Sorry, my opinion as well, must agree with tinterow.

Regards

 

And a mint condition '87 with all docs and immaculate maintenance just "SOLD" for $80K. Thats the difference. If you're fishing, ask $200K like another F-Chatter was. If you want to sell it, be prepared to take less than $100K...just being real...good luck with the sell

 

Ok, Thanks for the opinion...so, what's a 328GTS in mint condition worth with 11,800 miles?? It's gotta be pretty rare, no?

 

Hagerty pegs a concourse quality at 113,000$, But not concourse quality 88600$

https://www.hagerty.com/apps/valuationtools/1986-Ferrari-328_GTS

If it was me, I would imagine mid $80,000s

Good luck with your sale!!!!!!!!!!

 

Interesting. Thank you. I'm sorry but I'm newer here. What denotes concourse quality and how can I get the car rated?

 

Usually, from what I read, getting a "Classiche" designation from Ferrari gets you around the concourse level.

But I could be mistaken about that particular certification process from Ferrari.

Regards, and GLWS!!!

 

I sold my 89 GTS w/19k miles and Cavallino platinum award for 100k about a year ago. Granted market is different versus a year ago but an 86 is worth less than an 89 and has it been shown and judged to be a platinum car? I am not saying your car isn't in that condition, just that people want proven provenance when paying top dollar. Therefore, if I had to guess where your car would actually SELL today and assuming it is truly MINT with those documented miles, I would estimate right at 100k - maybe up to 110k if you can find the right buyer and it is up to date on all services, tires, etc.

 

Perfect. Thanks! Good feedback.

 

Boeckman2003 -- "Concours" means that the car is FLAWLESS in every way shape and form. You could enter it in any regional Ferrari show and win the class, or in an international show like Concorso Italiano in Monterey, your car would be first, second or third.

A concours car has no excuses: all the wear items are as-new spec. (All the belts and hoses are the correct make, orientation.) Everything is detailed to dealer-new condition. Once the car gets 60 or so years old, a concours car can be perfect original with some warts, but the originality trumps the light wear.

The general rule is that on a 100-point scale, most cars that are frame-off restored are done to 90 points. From 90-95 points, each point costs an extra $1,000. From 95-100, each point can cost $10K. Now, this is just a catch-all, as some cars are less expensive (say a Triumph TR3) and others are far more expensive (a Bugatti T57C).

A concours car will start at around 95 points...and look perfect to anyone except for Ferrari 328 experts, who will recognize the wrong radiator expansion cap or wiper blades.

Your car is beautiful -- without a doubt. Just for argument sake (and I am an experienced collector car judge, so this is just second nature), a quick look at your photos show a couple "point" deductions. Some are easy to fix: the Mobil 1 oil filter should be a UFI. Your expansion tank has dirt/water spots. The engine bay is not detailed (especially around the edges of the hatch area). The fuel injection module is dirty/faded. The others will cost money: your floor carpets/mats are faded/stained. All nitpicky stuff that doesn't matter to me or most car guys, but is important in why the perfect cars (#1) bring so much more $ than #2.

Make sense?

A concours car is for someone who doesn't want to drive the car. It's for someone who wants to own the perfect example and show it. An 80-85 point car (like mine) is what most folks have and are willing right now to pay for, since the 328 is a driver's car. As the values increase, though, that will change. Again -- don't take the nitpicking the wrong way -- your car is beautiful and well worth whatever someone pays for it.

 

Stick to your price and post in the European markets, you will get your price. Beautiful car!

 

Where is a good place to advertise a 328 for the European market?
I'm going to put it up here 4 sale next week when I get it out of the shop.

 

Talk a little more about this

 

I just did a search on Auto Trader. Is there a better site?

The average 1986 328 GTS has 43,532 miles and has an average price of $86,753 listed.

If I were to put just a $1 premium per mile since this car has low miles, that would get me to $118,485 starting listed price.

I guess I gotta believe that someone wants a 328 GTS with only 11,800 miles on it and is willing to buy at a fair price?

Or does miles not matter on these older cars? I know on the 430 and 458, it has traditionally been a depreciation of $4 - $5 per mile driven and $10,000 per year.

 

I think "one owner for 30 years" adds a lot to the pedigree of the car, especially if you happen to have old parts and all the service records. Hopefully, records can prove that the odometer is not an issue. Somebody in the world wants a car like this. You just need to make the right buyer aware. The auction houses would love to have a car like this. GLWS.

 

Classiche inspection has no relationship with "concours quality" or for that matter overall condition.

 

I hope that you get your asking price

 

Nice car... but belts last changed in 2013? Here in the Uk and I believe Europe the 328 should have its belts changed every 2 years, regardless of miles etc.. It also shows that the owner cares and looks after the car. For the money that you are asking which is don't think is silly, but I would expect the belts to have been replaced.

 

29 months on the belts, or almost half the 60 month (5 year) interval customary in the US. As a point of reference, changing the belts every 2 years at about $5,000 per pop on this car would would amount to 15 replacements and $75,000 in expense, almost the value of a lesser condition car.

 

Yes, I have all of the service records and related items and Lake Forest Ferrari has always serviced the car, for 30 years. So, they have records as well. I even have the cars original paint can direct from Ferrari in 1986.

This car has been a garage sleeper for 30 years with one owner and always serviced by Ferrari. With only 11,800 miles, I have to believe there is a wanting buyer out there.

 

I don't think so !

European doen't want US car. And not at this price !

 

Don't worry, I wasn't planning on trying to sell in the European market where they know everything. And, price is in line with the market for 11,800 mile 328 GTS' ....Oh wait, how many 11,800 mile GTS are for sale online? Not too many my French friend.