Am I Out Of Price Range For This 308

Is a Euro 308 really the weight he aludes to in the add? Seems really light.
I also agree the car seems high but I think an original Euro 4 valve 308 is very difficult to find and prices are rising on all 308s. Of course this isn't original.....................

 

http://www.ferrarichat.com/forum/showthread.php?t=27084

 

I like "original" as much as anybody else, but this car really captures the best of the 308s, even with the non-ferrari five spokers. . .

IMO, take a look at the car in person, especially the interior. Do the interior mods seem cheap? If so, run away! However, if the leather looks factory (and I mean, does it look like the best darn built interior you've ever seen in your life?), then why not run the mechanicals through a test? Couldn't hurt. . .

 

Sean, take your time man. I looked for over a year, spent time on Fchat, talked with F owners, looked at cars in person, etc before I found the right car. Its worth the wait.

 

Another issue is that people see what ebay prices are for a POS, run into the ground 308 and then when they see a clean original car, they ***** and moan about how over priced the clean car is.

There are two types of older 208 - 328's

Beat to hell and clean and original. Only one will be a 50K in a few years. It's the beat to hell cars that will keep the prices low or extend the price range.

EBay has done nothing for the Ferrari market except make nice cars available to people that cannot afford the upkeep causing a re-flood of what use to be nice cars and deflating the quality car market.

 

From the Ferrari Market Letter. http://www.ferrarimarketletter.com
These are CURRENT asking prices
Current Asking price, model and change from Last year and 2 years ago.
$21,746 Dino 308 GT4
$38,738 308 GTB Fiberglass
$26,327 308 GTB +1.26% +2.90%
$28,566 308 GTS
$27,540 308 GTBi
$31,267 308 GTSi
$32,167 308 GTB Quattrovalvole
$37,531 308 GTS Quattrovalvole +3.65% +3.77%
$38,839 328 GTB 1986-1988 +2.63% +1.88%
$45,806 328 GTB 1989
$45,009 328 GTS 1986-1988
$55,506 328 GTS 1989
$58,355 Testarossa 1985-1987 +7.13% -0.41%
$61,372 Dino 246 GT +0.41% -0.65%

All others went down slightly.

 

Matt, was there any listing or designation for Euro models?

 

I did not specify.

 

seems the olders are rising and newers are dropping.

current price, model, change from 1 year, change from 2 years.
83,330 355 Berlinetta -11.20% -21.10%
94,723 355 GTS -11.53% -20.01%
99,224 355 Spider -12.28% -20.34%

Only the mondial t coupe is rising.
35,546 Mondial T Coupe 2.99% 6.03%

Anything built after the 328 (except the mondial t coupe) is falling.

most cars prior to the 348 are rising

This caught my eye

63,306 365 GT 2+2 +17.47% +32.78%

 

spent 39,100 in july of this yr for my 85 308 qv red/tan 26,400 miles, including the 30 k service and shipping to California from Missouri. If you take out these expenses I really paid approx 35k for the car.

The car was all original, I have put some $ in little items such as light bulbs door seaals etc. dealer started his price at $42,900

Dupont registry has several now and I have notived that prices for the QV have firmed up in the last 6 months, that should give you an idea of where the market is on these.

 

No offense to the 328 guys, but I can't understand the concept that if you can afford an overpriced 308, you "might as well buy a 328." Many of us do not prefer the blah looks of the 328 and would prefer a 308! (Hey, they ruined the nose, what can I say?)

308 prices are following a very predictable Ferrari trend when they depreciate from new until they are around 25 years old then they start becoming collectible and the prices go back up. In 10 years +/-, 308's will be worth the same as 355's as they meet and pass each other, with 355's falling and 308's rising. (Doesn't mean I want to wait that long to get a 355 though! )

Don't believe me? Look at 246 Dinos over the past 20 years. Those things were worth squat in the late 70's. Nobody would have expected them to be well over $70K now.

Birdman

 

According to the auction results on the Barrett-Jackson website they just sold a 1985 308 GTS for $59,400. It’s Red and has 21,000 miles.

 

W-H-A-T?!?!?!? I checked the web page after I saw your post. This is the listing-
1985 FERRARI 308 GTS QV CONVERTIBLE $59400

What the hell? Was anyone there that can shed light on why this 308 sold for so much?

 

Do they serve alcohol at the auctions?

 

Paris Hilton sat in the car without any underwear.

 

After only being in the market for a relatively short time for one of these cars, it seems like they are very simiar to the Porsche's I've owned in the past.....every car has it's right buyer. I remember I got my first 944 turbo for only $6K because the young guy that had it wanted a crotch rocket so bad, he could wait to get rid of the car......I ended up selling the car after 2 years for 14K.

It seems like a "regular" 308 will go in the 30K-40K range. After that, it's the price the right buyer is willing to pay for the right car. That is where I think we are seeing the outragous prices. The downside of this is in the resale, you may be stuck holding a car that you'll never get you're money back out of.

 

Must have been this one:

http://www.barrett-jackson.com/auctionresults/common/cardetail.asp?id=178210

I really want some of what the buyer was smoking. The picture looks like a photoshop job changing the color to Rosso Rubino. If the pic is even remotely accurate it had a crappy repaint, notice that the beltline indentation that should be black is body color and the lower rocker panels are body color as well. Description is a "Quatra" valve and it has a "Nomo" wheel.

EDIT

Found this poking around on the BJ site:

http://www.barrett-jackson.com/auctionresults/common/cardetail.asp?id=170500

Same description and serial number and a higher than expected selling price. Color was black three years ago. Almost makes me wonder if people are bidding on what's stored in the trunk of the car.

And yet again in 2004, still black:

http://www.barrett-jackson.com/auctionresults/common/cardetail.asp?id=177247

 

LOL! good one.

Yeah, that pic looks a little hinky, touched up, etc.

 

As the owner of the at issue 308, let me make a few remarks in response to some of the posts.

First, please people, as these Ferraris are not only sports cars but investments, please do your research FIRST before making some pretty wild and unsupportable claims.

I suggest you go buy Keith Bluemel's "The Original Ferrari V8". You will have many of your claims and questions responded to in black and white.

For instance, the Euro QV is substantially lighter than the USA cars. Page 38 lists weights of Euro as 2956, USA at 3229. My personal car is lighter due to the improvements and weights under 2900 pounds (confirmed with scales). For cars making under 250 hp several hundred pounds less weight makes all the difference!

Now, if you think installing aluminum pedals, 3 piece GTO style wheels and refininshing the targa panel adversely affects the 308s value then your clearly confused.

First, all these are "improvements" as noted by the fact that Ferrai made the identical modifications to later cars! All Ferraris now have aluminum pedals. The removable roof was body color painted on the 355 and 3 piece wheels were fitted to the GTO and optional on the 348 etc. Moreover, all of these modifications are easily reversible! Its not like the car was painted purple and a wing was fitted!

More to the point, Ferrari produced more than 3000 QVs and approximately 15,000 308/328! Spectacular looking car? Yes. So rare that changes from 100% original affect value if properly performed? NO! Sure, alter a '64 GTO or '65 250LM or 212 and people will rightfully scream bloody murder. But alter a 308? Go ahead so long as its done properly.

Next, you guys saying for that money you could buy a 328 just don't get it. As for me, call me a snob, but I spend a great deal of time travelling and, having extensively visited all of the world's major art musuems, consider myself well-exposed to art and design. Now, an art/design critic will tear apart a 328 compared to a 308. I've owned many of both and the differences are substantial.
Take a look at the 328 instrument panel. WHile the 308s panal has chrome ringed gauges with white tipped, tri-color pointers, the 328 has Fiat X1/9 style orange numbers and a white and orange pointer with black plastic trim rings. Take a look at your center console. THe 308 has gorgeous chrome knobs and slides with a prancing horse on the ash tray. The 328 is all 80's cheap plastic. WHile the 308s dash is curvy and blends beautifully into the cockpit surrounding armrests, the 328 has squared edges that end in door handles/grips. That giant stuck on bumper spoiler on the 328 adds weigh too much to the appearance of ungainly overhang. At the rear there is that squared rear end. On the other hand, the 308 shares the beautiful angles of the 288 GT0: a shark nose and a cut and angular tail.

Hey, once upon a time people liked the "newer" squared alfa spider tail with its ugly ass plastic spoiler on the rear end. But you know what, the classic Duetto, with its original lines is the one that commands respect and the $$$ because its design is pure!

As one magazine put it, the 308 was "corrupted" into the 328. Another noted that the "328 is often dismissed as a tarted-up, even more Fiat-ised 308 for yuppies."

(Still, they noted the 328 was better than the "wooden chassied 328").

Bottom line, you want newer? Buy a C6 corvette! You want classic? Then you must learn to recognize what is classic and what makes something a classic.

An educated debate is great so I encourage anyone looking to buy a V8 Ferrari to buy the above referenced book.

 

Yea, I pegged you as a dealer, with your "TR Conversion Straman?" thread, my pop up blocker is only now recovering! LOL!

Look, if there's an owner here that wants to pay you a premium for all that bling pedal, trim and paint cr@p, they'll pipe up.

The rest of 308 guys are pretty knowledgable on these cars and our preference is for OEM fitment, not "remodeled, in the shop down the street"......

Best of luck with the sale.

A friend of mine here in Houston handles 4,000 - 6,000 titles a month, his advice: "Cut the price 'till it hurts, and get rid of it!"

That source of info you cite has several known misprints and outright errors in it, I wouldn't use it as a Bible..............

 

I'm changing mine to metal flake hot pink..............kind of a "Paris Hilton meets Barbie" thing.......

 

We're confused????

If you want to put all that on the car you're entitled, but to ask someonoe to pay extra for all of it, when it detracts from the historical accuracy of the car is whacked out.

If they had done all that to the vintage Ferraris you cite as examples, they'd be deemed idiots.........

"They made a million 308/328s"....that's what we hear from the used car shills.
That's why a good unmolested Non Catalyst carb car is so easy to find!

 

"If they had done all that to the vintage Ferraris you cite as examples, they'd be deemed idiots........."

You've clearly missed the point. If the production run is limited then altering the original is improper. E.g. you wouldn't do any particularly unoriginal modifications to a 250 SWB spider. (However, you might upgrade your cooling system if you actually drove it and there are people that do.)

Take it to an extreme, you wouldn't alter the Mona Lisa. On the other hand, if they made 15000 posters of the mona lisa altering one would not be a sin.

As for people willing to pay for a properly sorted and improved 308 they are out there! If you prefer to drive a slow and anemic 308 that leans in turns than so be it.

Here in BH where there are lots of 308s, 328s, 355, 360 Enzo, etc, this 308 gets nothing but rave reviews and tons of attention. People who see it next to other 308s can hardly believe this is a 308 because it looks so much better than the "regular" 308s.

Also, I used an accurate computer scale, which measures weight on each tires, to confirm my vehicles weight. The quoted number in the book is from Ferrari, as indicated by my OEM owners manaul.

And for the clearly uninformed, the Euro lights / bumpers are not "modifications". They are OEM ferrari! Moreover, the orange lights and ugly US bumpers are not really Ferrari. They're more what the US govt forced Ferrari to do! Pinin Farina did not design those ugly, heavy American bumpers!

How about this. Everyone who writes in critisizing my car has to include a picture of their Ferrari 308! Put up or shut up I say!
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I don't think anyone was saying the car didn't look good . they were saying you shouldn't pay a premium for a molested car. And even though your mods may look good the car is no as it was when it left the factory and therefor eit is a molested car. Ugly US bumbers and all left the factory. Also all cars are a limited production run once they are no longer being produced

 

According to the last post, "all cars are a limited production run once they are no longer being produced"

Really? So the Chevy Nova and Chevette are limited production?

Let's get this right. Limited production is when only few dozen or maybe a few hundred/couple thousand cars are made.

Y'all need a reality check. Limited production: e.g, Maserati Khasmi 421 produced/Bora 571/Ghibli Spider 125/Lambo Islero 225/Ferrari Daytona spider 127/ Ferrari 275 GTS 200.

Now, these cars are "limited production" and truly rare. Even still, most all of them, save the Daytona Spider and 275GTS, can be had from $25k to $50k. Thus, even rarity does not assure high values.

Now, from 1976 to 1989 they made approximately 15000 308/328 cars!

So, don't begin to tell me that adding drilled pedals or Ferrari GTO style wheels hurts a 308s value. I have real world experience that says anyone with such an opinion is flat wrong.

I repeat: PUT UP OR SHUT UP. FOR ALL YOU CRITICS, LET'S SEE YOU'RE FERRARIS IN YOUR REPLYS!