308 values | FerrariChat

308 values

Discussion in '308/328' started by Philly, May 19, 2017.

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  1. Philly

    Philly Karting

    Aug 23, 2012
    203
    Maryland
    Full Name:
    Phil Gelso
    It seems like 308s are falling back in value ... How do you guys see them short and long term??
     
  2. derekw

    derekw Formula 3

    Sep 7, 2010
    1,521
    London, UK
    Full Name:
    Derek W
    Yes prices are down about 20% since I bought mine 18 months ago (excellent timing :) Less so for the very best cars. In the short term it means you can enjoy driving your car without worrying about its value and insurance premiums are a little lower. In the long term there will be no petrol and fewer people will know how to drive, if they are even allowed to.
     
  3. Dr Tommy Cosgrove

    Dr Tommy Cosgrove Three Time F1 World Champ
    Owner Rossa Subscribed

    May 4, 2001
    36,434
    Birmingham, AL
    Full Name:
    Tommy
    FML currently shows that asking prices for 2Vi's are higher than QV's

    That is a surprise. Actually, a very big surprise
     
  4. Dr Tommy Cosgrove

    Dr Tommy Cosgrove Three Time F1 World Champ
    Owner Rossa Subscribed

    May 4, 2001
    36,434
    Birmingham, AL
    Full Name:
    Tommy
    What this tells me is that after 40 years, the 308 still cannot climb up into 6 figure prices as a matter of routine (glass excluded)

    In other words, it appears that it will never do what the 250 GTE's were able to finally do
     
  5. Glassman

    Glassman F1 World Champ
    Rossa Subscribed

    Give it another 25 years.
     
  6. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,327
    Montana
    Full Name:
    Kim
    Yeah, last year I said I wouldn't part with my Euro QV for under $115,000.
    Given all this doom and gloom, I'll be lucky to trade it for a cord of firewood.
     
  7. John M

    John M Formula Junior

    Nov 18, 2004
    887
    Kentucky
    Deal! :D

    edit...cord of firewood :D
     
  8. absostone

    absostone F1 World Champ
    Silver Subscribed

    Jul 28, 2008
    10,034
    How many GTB and GTS were made total?
     
  9. Brian A

    Brian A F1 Rookie

    Dec 21, 2012
    3,149
    SanFrancisco BayArea
    Full Name:
    1983 US 308 GTS QV
  10. absostone

    absostone F1 World Champ
    Silver Subscribed

    Jul 28, 2008
    10,034
    So 2993? I'm driving can't read it all
     
  11. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,327
    Montana
    Full Name:
    Kim

    Clearly overpriced.
    A few more months and probably score for half a cord!

    Next year, pay you to take it!
     
  12. vaccarella

    vaccarella Formula 3

    Apr 16, 2011
    2,291
    Full Name:
    Paul
    You're driving and trying to read web pages at the same time? Have you lost your mind?
     
  13. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,380
    Houston, Texas
    Full Name:
    Bubba
    There's a '77 for $105K
     
  14. Philly

    Philly Karting

    Aug 23, 2012
    203
    Maryland
    Full Name:
    Phil Gelso
    Well I just bought a fine 23k mile just serviced super original and excellent 84qv for a lot of money by my chinsy standards ... And I like it ... I just hope it's always worth 75-80 ... And if I ever wanna get outa it I don't get hurt ...
     
  15. Philly

    Philly Karting

    Aug 23, 2012
    203
    Maryland
    Full Name:
    Phil Gelso
    ... Books records full tool set original window sticker ... Original owner until 2015 ... I'm trying to feel good about myself here ... Help a brother out you guys ;)
     
  16. tinterow

    tinterow Formula 3

    Nov 1, 2014
    1,339
    Houston, Tx
    Full Name:
    Chaya Tinterow
    If you are worried about the rising and falling of your car's value than you don't have enough money to own one...Hehehehe :)
     
  17. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,327
    Montana
    Full Name:
    Kim
    #18 308 milano, May 20, 2017
    Last edited: May 20, 2017
    Phil that's quite a stable you have there! What a collection of cars! Welcome to 308 ownership! You will do just fine should you ever decide to sell. Big congrats your way sir! :)
     
  18. Brian A

    Brian A F1 Rookie

    Dec 21, 2012
    3,149
    SanFrancisco BayArea
    Full Name:
    1983 US 308 GTS QV
    Wowzer! Some beauties!

    We would love to read your impressions of owning a 308.
     
  19. Philly

    Philly Karting

    Aug 23, 2012
    203
    Maryland
    Full Name:
    Phil Gelso
    This is my 4th 308 ... But the first one that's been well sorted and pristine - you really get a better sense of what they were like new ... They are low torque rev happy gliders - second gear still requires familiarity and skill - your left foot still hangs up on the dead petal area when depressing the clutch etc. they're wedgey but beautiful - I love the door latches the switch gear - the classic Italian driving position - it's a car I will drive often and enjoy - I hope I can control my impulsivity and she stays in my collection for a long time ...
     
  20. absostone

    absostone F1 World Champ
    Silver Subscribed

    Jul 28, 2008
    10,034
    oh well
     
  21. Labman

    Labman F1 Rookie
    Silver Subscribed

    Jun 25, 2010
    3,801
    Long Island, NY
    Full Name:
    Steve
    I still don't see how these cars won't rise the way the Dino did. I think the 308 is one of the most iconic, beautiful Ferraris ever made. I'm not sure what the trigger will be but at some point we will see a rise in value again. I just don't know who will be able to drive a stick anymore as the younger generation are able to buy these cars. At least in the USA anyhow.
     
  22. detroiter

    detroiter Karting

    Apr 30, 2013
    200
    Munich, Bayern
    Full Name:
    Carter
    Forget that the prices ever went up... get back to driving and enjoying.
    Was nice to imagine for a short time that I had a half decent investment.


    Gesendet von iPhone mit Tapatalk
     
  23. Brian A

    Brian A F1 Rookie

    Dec 21, 2012
    3,149
    SanFrancisco BayArea
    Full Name:
    1983 US 308 GTS QV
    Thats it! Best wishes with the acquisition. Personally, my 308 has everything I want in an antique exotic. Its great to drive and great to just stand there and look at. You forgot to mention that the darned thing smells good.

    Values have doubled in the last 5 years. "Drivers" used to be $25k; now they are $50k. Because prices were triple and have come back down doesn't mean the market has proved something.

    Obviously, the price run-up made a lot of owners think about what else they could do with $90k and they listed their cars. It was amazing the volume of cars that came onto the market and with hopeful "asking" prices.

    308s are still rare cars that people desire; in a weird sense it was a buyers market recently as so many owners made their cars available for sale. In the past, it took a lot of hard looking to find a good one. The higher prices shook a lot of nice cars loose.
     
  24. Dr Tommy Cosgrove

    Dr Tommy Cosgrove Three Time F1 World Champ
    Owner Rossa Subscribed

    May 4, 2001
    36,434
    Birmingham, AL
    Full Name:
    Tommy
    But we have been saying this now for 25 years.

    Aside from a few blips on the radar and a handfull of really nice non-drivers here and there, non-glass 3X8's across the board just refuse to get over that 6 figure mark and stay there.


    I am about to give up ever thinking it is going to happen.
     

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