OK 348ts Buyers! Where are you all?

Just keep it

 

I second the above....

 

Many 308/328 owners who move "up" to a 348 end up regretting it and regress to the earlier cars. If you are crazy, so am I and many others.

Dave

 

Couldnt agree more!

 

I have not regretted moving up but I sure did like seeing "my" car again when some new pics of it showed up on eBay. I like my Spider MUCH more than the 308. The 308 is a great car. Mine had 79k+ miles and ran superb.

And on topic - wait until the warm weather of April is in the air and sell that thing. Right now you are in a rough market. Note that this is when I bought both of mine.

 

Thought not too long ago you said that you gave up and would just start using it, not to worry about miles or paint chips? Looks clean and for a decent price IMO.

 

That's not what he said.

 

It's the miles. I had the same problems selling mine with 59K miles and a fresh 4 month old major service with new water pump. I wound up selling it local for $42K. I was getting offers in the 30's on it.

 

I agree on the miles thing. I had a red 1990 ts w/40,500 miles and a fairly fresh service + brand new 355 rims, and I took $43K for it almost exactly a year ago. I figure those last 750 miles cost me a solid $2K. Yours is worth more than my 90 was because yours is newer, but I would still think you'll have to go $42-$43 to sell it within the next month or two.

Another thing working against you is the time of year. It could very well bring $45K in April if you could hang on.

This is a GREAT time of year to get a deal on a Ferrari; not so good a time to sell one.

 

Not to add fat to the fire but I agree with Husker & Sparta.

I recently bought a June 91 build 15000 mile car with 2 majors in the past for $51K. I think I left a few dollars on the table there though.

Your car has 57000 miles --> 42000 miles more than mine. I think apart from the miles we have very similar age cars in great condition. So it is a good basis to compare prices.

Assuming a depreciation of $0.2/mile, the price adjustment for miles would be $8,400 thus arriving at a target price of $42.6k for your car assuming my car as the baseline.

I really hope you can get your $45k asking price because it makes my car price look like a bargain!

 

Sorry, but this is not the correct forum to find 348 buyers since we all have one each already.

Nevertheless..........GOOD LUCK

B

 

I would think this is where potential 348/355 buyers would hang out to get a perspective from owners.

 

+ 1 yeah like me a few months back

 

It's the same classic market economy paranoia that creates recessions and drastic drops in the stock market needlesly.Word of mouth becomes reality if you talk about it enough. Some of us 348 owners are our own worst enemies sucumbing to pressures created by a few. It's interesting to see people that have never owned a Ferrari let alone sat in one come onto this site and elaborate on their great knowledge and expertise of the 348 all based on hear say and B.S.created by a few self proclaimed experts. Luckily, we do have some very knowledgeable individuals such as Chaa, Plugzit, No Doubt, Rifle Driver and Pap to steer us in the right direction but
being a public forum we also get the so called know it all rookies as well....that's o.k. it's a public forum and everyone's entitled to an opinion, But it's up to the individual to take it upon themselves to discern the B.S. from the facts.
Just in the last year I've seen on this site the perceived value of a 348 drop almost 10K, from the low, mid and high 50's to the high 30's or low 40's. All this because a few "shopper experts" think they expect and deserve the perfect 348 with super low miles,a recent major,new tires,clutch and brakes, a PPi,all the paperwork,etc.etc. for 40K.and a limited edition 348 SS for only a couple grand more if that.......give me and all of us owners a break! Do yourself a favor and cruise the other Ferrari sites classifieds or Yahoo Auto, Exotic Trader, Hemmings, E'Bay and the European versions of the same, good cars are still in the 50's and rightfully so. Hey!,if you can get a great 348 for 39K go for it but it's probably a trasher with falsified odometer readings, been in a wreck and not reported ,or you've just got really lucky and someone's in need of cash, etc. Old sayings pertain here "Buyer Beware" and "You Get What You Pay For". Again, we're own own worst enemies,if you're afraid to drive your car because of the affect the mileage will have financially later or if you sell your car too cheap out of "fear", you're only adding fuel to the fire.If you sell out too cheap for whatever reason you're only hurting yourself and the rest of us and even the guy you sell it to. Say it and act upon it enough and it will become reality, the choice is all of ours.Sorry, but it's just something that had to be said, Just my point of view.

 

That sums up how I feel about the 355........ You have some people who have all these insecurities plus lack of real experience and want the "perfect" f-car for the price of a toyota. They will waste everyones time asking tons of questions and in the end don't even end up buying an f-car.

Speaking for myself, I did not ask anyone if it was a "good idea" buying an f-car. I found this site long after I already bought one. I felt I had enough
"first hand" car knowledge/experience to make a decision for myself.

Had I listened to some "friends" and other "nay sayers" I would have never even invested in RE or bought my first p-car almost 20 years ago.
Then again I am a stubborn person who very rarely takes advice/direction from people. I have learned most of what I know from first hand experience. Good or bad that is the way I am.

I believe f-cars are not for the faint of heart. Especially used ones......

 

Good post bushwhacker!

I agree that the prices and nitpicking is more severe on this forum. I could perhaps use the fchat prices as the minimum floor price and work upwards of it a bit.

The best bet for getting the price you want is to sell the car locally and in the ideal months (April-Sept?). Patience helps too. Selling in winter makes you more vulnerable to price pressure as in most states you can't really drive the car.

I agree with you that that finding a perfect low miles car at 40K is a fool's errand.

But it is possible to get a great 20-30K mile 348 tb/ts with a recent 30K service for $48-52K. An SS and Challenge are in the mid/late $50K and beyond price range. Those should be your starting point where you can add or subtract $$ based on year of manufacture, extra features, miles, etc.

Pity the man who buys a $70K Series Speciale and then tries to sell it a few months down the line. He might be in for a long wait to find a buyer at that price.

 

Peter, I wish you the best selling the car...eventually it will go.

This issue comes up all of the time, and the reality of it is, MOST people don't want a 50k mile plus ferrari. And of those who do, and are willing to risk being its "final owner", they want to mitigate the risk with appropriate pricing.

If a perfect 348 (or testarossa, or dino, or whatever) is 50,000$ and has 10,000 miles on it...then a 60,000 mile car ISN'T worth only 7000$ less. 40,000 miles for 7000$, is what? 17 cents a mile? Seriously?

Thats the reality of it, even if it were a honda, or BMW, or a caddy. I know we all love these cars, but we have to be realistic...ITS A CAR, and high mileage matters.

The mileage deduction may be 15-20 cents a mile for a Ford, but its higher for a ferrari.

Some possible hints for selling it:

Try to advertise in Vette magazines, etc. Or place it on the showroom of a high end American car dealer (Viper, whatever). These folks are shopping for a 40-50,000$ car. What would you rather have, a 3 year old vette, or a FERRARI?

Your best bet to sell high is selling to an impulse buyer, who isn't going to reserch it to bits. That excludes everyone on here. You need some one who loves the car, and doesn't realize the price spread for the car.

For most owners, who will only put 5,000 miles of use on the car per year, a 50,000 mile difference is light and day. And when that car crosses 80,000 miles, it will be worth 20,000$, if that.

Listen, we all love the cars. But we are also doing a disservice to ourselves by preaching that a very high mileage car is worth the same as a very low mileage car. IT ISN'T. Some on here will preach that garage queens are an accident waiting to happen...so is a high mileage car.

I don't know what Peters car is worth - its whatever the market decides. But a word of wisdom, when you go to buy that high mileage ferrari for yourself... bargain hard, because you will have to sell it one day too... What did henryk get for his 60,000 mile Testarossa? I believe it was in the low forties, AFTER he put money into it and did a major.

If you really want to know what your car is worth, call a dealership and ask them the trade in value, then add 5-10,000$ to it.

 

The problem is that 95% of people who can afford 45K for a Ferrari can spend 50K for a low mileage example.

Dave

 

Wow some interesting reasoning going on here....

A buyer beats the seller up on price...then brags to everyone they met about the get buy they got on a LOW mileage car....

If you want to sell this may not be the forum....

People with the means to buy do a lot of research...and nit pick the decision to death...that approach to life may be the reason they have the money in the first place...

But Guys....this should be FUN first and a posible investment later...

Look at your American Express account and add up how much you spent on dinners out....Ferrari's are cheap....and they are still there the next day...can't say the same for the dinner.

 

Good analysis!!!

 

That's right, which is why it's probably a $42-43K car.