Your thoughts on my 308 for $35K | Page 2 | FerrariChat

Your thoughts on my 308 for $35K

Discussion in '308/328' started by PeterS, Dec 10, 2004.

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?

This car should have a sale price of

  1. $25K

  2. $30K

  3. $35K

  4. $40K

Multiple votes are allowed.
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Page 2 of 4
  1. PeterS

    PeterS Five Time F1 World Champ Silver Subscribed

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    Do you have a link to state this as fact to confirm your findings?
     
    PeterS, Dec 10, 2004
    #26
  2. GrigioGuy

    GrigioGuy Splenda Daddy Lifetime Rossa Owner

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    GrigioGuy, Dec 10, 2004
    #27
  3. Ira Schwartz

    Ira Schwartz Formula 3 Silver Subscribed

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    If only '75 and earlier cars are now smog-exempt, that should go a long way towards reducing the disparity in value between Series 1 308 GT4s and carb GTB/Ss, at least in CA.
     
    Ira Schwartz, Dec 10, 2004
    #28
  4. Joe G.

    Joe G. Formula 3 BANNED

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    thanks Tillman.
    i especially took note of the part where is says old cars potentially pollute 155 times more than a new car,,,or sumthin to that effect

    Ira,
    true, i know someone who knows someone yada yada
    who recently bought a '75 GT4 vs. a '77 because he saw this coming
    he actually paid asking price for the car, just to never have to deal with the b.s.
    also, injected cars, especially QV's will be far more desireable in the 308 market

    also Peter, no disrespect
    but having an early VIN doesn't mean anything
    because 308's aren't collectibles anyways
    carb cars are viewed as simply old cars
    now after the new law has passed, they'll be viewed as simply old cars that are a PITA to own

    sorry for being so blunt, but you asked for the honest truth
     
    Joe G., Dec 10, 2004
    #29
  5. PeterS

    PeterS Five Time F1 World Champ Silver Subscribed

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    This is interesting. The DMV stated that I can get a historic plate for my 308 by filling out the REG17A & REG343 forms with a $57 filing fee. The rules are for cars that were built after 1922 and are at least 25 years old.
     
    PeterS, Dec 10, 2004
    #30
  6. kenster888

    kenster888 Formula Junior

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    kenster888, Dec 10, 2004
    #31
  7. matteo

    matteo F1 World Champ

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    Pete,

    read the limitations for getting a historical plate.
     
    matteo, Dec 10, 2004
    #32
  8. matteo

    matteo F1 World Champ

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    read section F:

    To qualify for a historical plate These codes apply. I wanted to do this with my 78

    Vehicles of Historic Value


    5004. (a) Notwithstanding any other provision of this code, any owner of a vehicle described in paragraph (1), (2), or (3) which is operated or moved over the highway primarily for the purpose of historical exhibition or other similar purpose shall, upon application in the manner and at the time prescribed by the department, be issued special identification plates for the vehicle:

    (1) A motor vehicle with an engine of 16 or more cylinders manufactured prior to 1965.

    (2) A motor vehicle manufactured in the year 1922 or prior thereto.

    (3) A vehicle which was manufactured after 1922, is at least 25 years old, and is of historic interest.

    (b) The special identification plates assigned to motor vehicles with an engine of 16 or more cylinders manufactured prior to 1965 and to any motor vehicle manufactured in the year 1922 and prior thereto shall run in a separate numerical series, commencing with "Horseless Carriage No. 1".

    The special identification plates assigned to vehicles specified in paragraph (3) of subdivision (a) shall run in a separate numerical series, commencing with "Historical Vehicle No. 1".

    Each series of plates shall have different and distinguishing colors.

    (c) A fee of twenty-five dollars ($25) shall be charged for the initial issuance of the special identification plates. Such plates shall be permanent and shall not be required to be replaced. If such special identification plates become damaged or unserviceable in any manner, replacement for the plates may be obtained from the department upon proper application and upon payment of such fee as is provided for in Section 9265.

    (d) All funds received by the department in payment for such identification plates or the replacement thereof shall be deposited in the California Environmental License Plate Fund.

    (e) These vehicles shall not be exempt from the equipment provisions of Sections 26709, 27150, and 27600.

    (f) As used in this section, a vehicle is of historic interest if it is collected, restored, maintained, and operated by a collector or hobbyist principally for purposes of exhibition and historic vehicle club activities.
    bbbb
     
    matteo, Dec 10, 2004
    #33
  9. tritone

    tritone F1 Veteran Silver Subscribed

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    WARNING: HIJACK IN PROGRESS!


    I lived in California for quite a long time, and I can't recall ever seeing a "motor vehicle" with 16 or more cylinders manufactured at ANY TIME!

    So, I guess the guy with the only supercharged Miller V-16 motor in the world will not be able to put it into a street-legal car? Boy, I guess the eco-freaks really dodged a bullet there........

    james

    PS: END OF HIJACK ALERT
     
    tritone, Dec 10, 2004
    #34
  10. M.James

    M.James F1 Rookie

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    Sorry, but I'd never, never pay more than $30K for a carb'ed 308. Even a dead-stock car with a complete engine/suspension/brake/gearbox rebuild, ceramic pipes, TUBI, new rubber seals/tires/gaskets/bushings, etc.

    It wouldn't matter if Barbara Streisand were a previous owner and Luigi Chinetti serviced it. Carb cars have their niche, but that group is small and getting smaller. With winter setting in and the holidays on everyone's mind right now, you may not move this car until spring unless you offer the car at a price that will get some attention.
     
    M.James, Dec 10, 2004
    #35
  11. parkerfe

    parkerfe F1 World Champ

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    Rule for buying/selling sports cars: buy in the fall/winter - sell in the spring/summer
     
    parkerfe, Dec 10, 2004
    #36
  12. Bandit

    Bandit Formula Junior

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    IMO you will be lucky to get more than $30K, and that would be from someone who knows the car and isn't holding back some funds for unanticipated problems. $35K is well into low mileage QV territory and will even get you a very close to a good early 328.

    Personally, I would probably be willing to pay no more than $27,500 for the car as described. 70K miles may not be a lot overall, but there are plenty of cars out there with 30K or less that are selling for not much more. The lack of working A/C would also be a concern.
     
    Bandit, Dec 10, 2004
    #37
  13. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    Two of you gentlemen are DEAD wrong on the attractiveness of carb cars over the neanderthal, power robbing, early FI models......

    As far as this target audience getting "smaller and smaller" again, wrong!

    The carb cars will outrun the later "common' cars as collectibility of these vehicles INCREASES, every time some cat equipped car goes up in flames or some newbie wipes the front end off, in destruction.


    Early GTBs were hand built in small quantity runs..........that's pretty close to the description of 'art'.........and definately matches the description of "Collectible", as well as "big fun".......

    Watch your on baord extinguisher gauges, men! LOL!


    But pay no attention at all to this rant, as I back another 1977 into the barn.
    See you twenty years from now, and we'll compare depreciation curves on YOUR selection.........

    All the "Sky is falling" smog compliance talk only applies to the left coast, man!

    It's a state by state criteria, and some states aren't run by eastern bloc movie stars!
     
    BigTex, Dec 10, 2004
    #38
  14. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    The lowest 308QV currently listed in the FCA Newsletter is $37,500. FYI.

    TTYL
     
    BigTex, Dec 10, 2004
    #39
  15. rob lay

    rob lay Administrator Staff Member Admin Miami 2018 Owner Social Subscribed

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    Appears to be one of the nicest 308 GTS's. I would put at low $30's if it could get a FCA Platinum with little trouble. If just a Gold car, then high $20's. Mileage might scare away a 328 buyer, but seems to be inline of about 3k a year, which is normal.

    There are really good 328's selling right now for $35k, so most of your potential buyers would sway that way. You will have to sell at a price that fits within my "Ferrari buyers ladder progression theory" or you'll have to sell into the niche buyers market for carb cars to get more than its ladder position.

    Personally, I've thought about a 308, but would probably choose the GTB carbed.

    My final answer is you could get $30k if willing to be slightly patient. Should sell at $28k within weeks.

    One positive to think about, you should be able to get a very nice 348 for $40k (not $45-55k like some will claim).
     
    rob lay, Dec 10, 2004
    #40
  16. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    ....or less, as days go by....:rolleyes:

    You guys should make some charts and look at them to determine pricing trends...hmmmm, I wonder if anyone has thought of this.......
     
    BigTex, Dec 10, 2004
    #41
  17. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    Here's some sound wisdom from an old friend of my family who wholesales 4000-5000 cars a month, here in Houston:

    "It's worth what you count in the plam of your hand, as you watch it drive away....."

    I realize that's not the quantitative reply you requested...it IS in fact always 100% accurate! LOL!
     
    BigTex, Dec 10, 2004
    #42
  18. 8valve

    8valve Formula 3

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    Quote by BIGTEX: "Why wouldn't it be dry sump?????

    School me up on that..........."


    It's easy: Only GTB's were ever produced with the dry-sump engine. And then only GTB's for the Euro market.
     
    8valve, Dec 10, 2004
    #43
  19. Chiaro_Slag

    Chiaro_Slag F1 Veteran

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    Cizeta Baby!!!!
     
    Chiaro_Slag, Dec 10, 2004
    #44
  20. rob lay

    rob lay Administrator Staff Member Admin Miami 2018 Owner Social Subscribed

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    We do. FML has the asking price index. FC Rossa has the sell price index.

    http://ferrarichat.com/forum/showthread.php?t=31407

    To give you a taste, here's the data we have so far for 308's...

    -'78 308GTS Paid 19.5K. Have since put in upwards of 24K in restoration..suspension, bodywork, paint etc.
    -I paid 34K for my 84 308 GTSi in Sept 97. It has 57,000 miles then
    -Bought in December 2002. '78 308 GTS, #26581, 41,500 miles. New belts, waterpump, fuel lines and clutch done in the fall of 2001 - Asking price 30k. Sale price 28k
    -'78 308 GTS #23421 just under 90K miles on the clock. Paid $20K December '03 - I just roughly added up the receipts for the last 9 months and I'm up to about $11K.
    -1984 308 GTS QV --- August 30, 2001 with 22,000 miles just had 30,000 mile service. Purchased from Cauley Ferrari with 6 month warranty
    they had put $6000.00 into new parts. Paid $43,000.00
    -1975 308 GT4, Purchased Nov 2002 $18,000 ($8k worth of service work since)
    -'82 308 GTSi Bought from Foreign Cars Italia with 32k miles back in June of 2000. Paid $34k put $17k into it over 3 years in mods & 1 major service. Sold to ASD in Jan of '03 for $30k, with only 38,600 miles.
    - 78 308 gts #24825 with 44k on the clock 8-2000 31k OTD from Symbolic Motors in LA.
    - 83 308 gts #45563 with 42k on the clock 7-2004 39,800k fresh engine rebuild from FoBH
     
    rob lay, Dec 10, 2004
    #45
  21. thecarreaper

    thecarreaper F1 World Champ Silver Subscribed

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    i have an early VIN 308GTB. big deal. i sold the Marrone car for $22,500 and it was an off color car with frame damage. your price point depends upon how fast you want to sell it to get something else. i had serious buyers lined up for the Marrone car if the deal fell through with the first buyer. no offense to Ferrariads but after sitting with no calls , i put the car on the Autotrader and it sold the first day. my GTB will be for sale in a few months in the low $30k range. i dont like to keep my toy cars for too long anymore and i want to get a nice 308GT4 and a carb Boxer / early Countach.

    i voted $30k , but take your time and drive the car while its for sale, or sell it cheap and go get the newer fcar and be done with it.
     
    thecarreaper, Dec 10, 2004
    #46
  22. PeterS

    PeterS Five Time F1 World Champ Silver Subscribed

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    Last edited by a moderator: Sep 7, 2017
    PeterS, Dec 10, 2004
    #47
  23. Jerrari

    Jerrari F1 Veteran

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    Hold out for $35,000 or at least $33,000. I got $31,000 out of my '79 GTS w/ 99,700 miles last March.
     
    Jerrari, Dec 10, 2004
    #48
  24. Jerrari

    Jerrari F1 Veteran

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    BTW buddy, your car looks awesome, especially that interior, that is one of the best looking interiors that I have ever seen on a 308!!
     
    Jerrari, Dec 10, 2004
    #49
  25. Oengus

    Oengus F1 World Champ Rossa Subscribed Silver Subscribed

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    Peters,

    your car is really nice, I'd holdout for 35k.......I know I wouldn't sell mine for anything less.
     
    Oengus, Dec 10, 2004
    #50
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