How do you value a "major" done by a DIY owner? | Page 2 | FerrariChat

How do you value a "major" done by a DIY owner?

Discussion in 'Technical Q&A' started by bpu699, Jul 18, 2006.

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  1. JTranfield

    JTranfield Formula Junior

    Dec 29, 2003
    665
    NYC, London
    Full Name:
    J Tranfield
    As the cars get older I think the value of dealer servicing diminishes. I don't see 246 Dino owners nearly as preocupied with dealer histories and their cars sell for way more than 308s/328s. Two guys I know work on their own Daytonas! By the time a 308 or similar is 30 years old does it really matter who is maintaining it as long as someone competent is. Condition is all that counts. The TR may be slightly different as its newer and more complex.
     
  2. fatbillybob

    fatbillybob Two Time F1 World Champ
    Consultant Owner

    Aug 10, 2002
    29,255
    socal
    BPU,

    Did you buy the car for you or the next owner? DIY is part of the love of the hobby. Are you into it? or ARE YOU IN TO IT?
     
  3. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,457
    On the Limit
    Full Name:
    Dino
    I have done my own majors on my 308, Mondial t, 348, F40 and TR and I never had problems selling.......and I got top dollar on the sales. So, this dealer service argument is BS. Incidently the only time that I have had major failures after a major was when I reluctantly let Scottsdale Ferrari do a major on my TR.........engine failure that of course they denied obvious fault. Followed by a failure to put a ground strap on my 348............that caused a failure of the shift cables and throttle cables, and again claiming innocense.

    The best thing you can do is learn to work on your car and do it right.
     
  4. bpu699

    bpu699 F1 World Champ
    Owner Silver Subscribed

    Dec 9, 2003
    17,819
    wisconsin/chicago
    Full Name:
    bo
    Well, I do love working on my cars - it is a large part of the fun of ownership. Quite frankly, if I hadn't found ferrarichat, I would never even contemplate it :).
     
  5. zakeen

    zakeen Formula Junior

    Aug 29, 2004
    989
    Czech Republic
    To me it seems your worried about the money side. Loss of value.

    If I was in your shoes I would work out how much money you would lose when you make a DIY and sell the car. Work out how much money you would save by making a DIY and you still might be on top. Then you still have the chance of finiding a buyer that "doesnt care"/"would rather a DIY Love nut" service. Which would put you in a much better situation.
     
  6. Birdman

    Birdman F1 Veteran

    Jun 20, 2003
    6,689
    North shore, MA
    Full Name:
    THE Birdman

    Wiseman has hit the nail on the head here. For his example, $20K in dealer service would possibly net him $5K more in selling price. Pay $20K to make $5K. Good investment?

    That's like not paying off your home loan because you lose a tax deduction.

    Birdman
     
  7. Huskerbill

    Huskerbill F1 Rookie

    Sep 6, 2004
    4,126
    Oconomowoc, WI
    Full Name:
    Bill
    In honesty, knowing in the future, I would be selling the car, I would rather buy from someone that had all service done at a dealership. But, if I was buying a car from someone and truly wanted a NICE car that was well sorted, I would rather buy it from someone who did their OWN service.

    A guy who can wrench on his own car is more apt to fix something as SOON as he thinks there may be an issue. Something like timing or a valve adjustment may go unnoticed or untended to by a regular owner who has to take it to the dealership at $135/hr. The guy who can do it himself will take care of it that weekend.

    I would LOVE to buy a Ferrari from a guy who has done his own majors many times over....
     
  8. robertgarven

    robertgarven F1 Veteran
    Owner

    Feb 24, 2002
    5,322
    Ventura, California
    Full Name:
    Robert Garven
    #33 robertgarven, Jul 22, 2006
    Last edited by a moderator: Sep 7, 2017
    I would be more concerned about the overall condition and treatment of a car by its owner. I am speaking about older cars as that is all I am famililar with (dont you need a $25,000 extention cord for the new ones? :p).

    Everything I have done I learned on this board, the Ferrari-list and Carl Jones's Yahoo tech list. I am not a mechanic nor that smart or I would be wealthier so I could have owned more Ferrari! However I have what most dealers or even the best trained and experienced tech's on this list have, unlimited time. For example I have been thinking for two weeks about the best way to unhook my front brake lines to replace the wheel bearings. I still haven't decided how to do it but with the input from all of you there is no doubt I will come to a conclusion soon!

    That is why I am so respectful of all the trained Ferrai techs and experienced real mechanics (and I am including non-professionals like Steve M and Ric R. etc.) they have made my Ferrari experience a wonderful journey filled with excitement, fear, satisfaction, sense of accomplishment, self esteem and fulfillment!

    quote from above post "The way I see it, a major done by a DIY owner CAN BE more detailed than done by a dealer. The DIY will likely detail the motor and bay, replace a lot of cosmetic parts ( think of carguy on this board), replace more hoses, etc. "

    Who would not buy a car treated like this?
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  9. JAYF

    JAYF Formula 3

    May 13, 2006
    1,140
    Westchester, NY
    Full Name:
    Jay
    I too am in favor of the diy'er that has good documentation. My TR came with 23,000 dollars worth of receipts for work done in the last 3 years-count them twenty -three-thousand dollars. This was done by a supposed reputable shop that charges a fortune and does 1st class work-yeah right
    1 month into ownership of the car the plug wires caught on fire and melted the cap, the new windshield they put in has sealant everywhere but on the windshield, the new seals on the valve cover-leaking, the motor was degreased with such a harsh cleaner that it took off the cadium plating on the bolts and the list goes on. I have spent in excess of 4k to rectify these problems and now the car is great. However my 2 cents is this : if you are a competent diy'r and have experience working on cars, then go for it otherwise find an independent repair shop that is small and will let you hang out and watch while they are working on your car. I do a combination of the both. I have a binder with every receipt for everything I have ever done on it. I agree with Birdman, his rationale makes the most sense.
     
  10. MRFOTOS

    MRFOTOS Karting

    May 26, 2003
    232
    Maui, Hi
    my 2 cents,

    If you DIY you know it was done with Time, and care and KNOW it was done right.

    With a Dealer you know it was rushed,done for the $$$ and HOPE it was done right.

    The Value is in the wallet of the beholder
     

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