High Mileage = High Resale Value, Proof! | FerrariChat

High Mileage = High Resale Value, Proof!

Discussion in '308/328' started by No Doubt, Feb 4, 2007.

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  1. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    Page #104 of the March SCM.
    VIN ZFFXA20A8G0061575

    1986 Ferrari 328 grey/black GTS coup just sold for $41,800 at the Hilton Head auction.

    It had 99,899 miles on the odometer!
     
  2. jmiff348

    jmiff348 Formula 3
    Rossa Subscribed

    Nov 30, 2006
    2,369
    Texas, USA
    Full Name:
    Jarrett
    Could the miles be a typo error, like it really should have read 39K instead of 99k? If it really had 99k miles, that's an amazing amazing price!
     
  3. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways

    Not a typo.
     
  4. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,236
    Mount Isa, Australia
    Full Name:
    Pap


    Any pics ND? Was the car immaculate for that price? :):)
     
  5. chefrobear

    chefrobear Formula Junior

    Mar 6, 2002
    463
    cravanzana, Italia
    Full Name:
    Robert Ginsberg
    Why sound so shocked? Yes, it's high miles but shouldn't 328's bottom at 40k?
     
  6. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,447
    E ' ' '/ F
    Full Name:
    Enzo Gorlomi
    We in the Texas section had a bit of a contest about that car. There's a pic in that thread
     
  7. finnerty

    finnerty F1 World Champ

    May 18, 2004
    10,406
    Sometimes I get sick of all the attention ($$$) paid to mileage on used F-cars. Unless it's a collector Ferrari worth $150K or more, mileage shouldn't matter so much -- so long as the car has been treated properly and well maintained.

    I have an '81 308 with 84,000 miles on the clock. The engine has never been rebuilt. Throughout the entire time of my ownership (I bought the car at 50K miles) as well as the previous owner's (original owner), the car has always been very well cared for and serviced diligently.

    It is still very tight, and in many ways better than when it left the factory. The engine is still very strong.

    I'll stack my "driver" up against any other 308 out there, and I see no reason whatsoever why the 'market' thinks my car is worth $5,000+ less than some garage queen with only 20K miles on it.

    Bull!@#$!! If I ever want to sell it, and no one wants to give me a reasonable price just because they don't like the mileage, I'll likely part it out, instead...
     
  8. Steve King

    Steve King F1 Rookie

    Feb 15, 2001
    4,367
    NY
    So this is less then 5000 miles a year. Sounds like a low milage car to me. Now if it had 20,000 miles a year I would call that a high milage car. Come down to earth folks.
     
  9. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,236
    Mount Isa, Australia
    Full Name:
    Pap
    #9 PAP 348, Feb 4, 2007
    Last edited by a moderator: Sep 7, 2017
  10. rolindsay

    rolindsay Formula 3

    Jul 14, 2006
    1,022
    Houston, TX
    Full Name:
    Rick Lindsay
    #10 rolindsay, Feb 4, 2007
    Last edited by a moderator: Sep 7, 2017
    I don't equate "high mileage" to "abused". In fact, a car with higher mileage has been driven and probably been maintained well. My 308GTB has about 75k kilometers on it and is GREAT. I plan to add many more. :)

    rick
    Image Unavailable, Please Login
     
  11. bergxu

    bergxu Formula 3

    Aug 16, 2005
    1,307
    OnTheSerpentMound
    Full Name:
    Aaron

    Well put my good man. Here's to high-mileage 308s! 81K here.


    Cheers,
    Aaron
    '82 GTSi
    '83 400iA
     
  12. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    Interestingly enough, Ferrari NA itself says that the average Ferrari is driven 4,000 miles per year and lasts (i.e. driven on the road) for 9 years.
     
  13. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways

    It needs a Major Service (~~ $3k for a 328 in the U.S.). Add in a ~~10% auction fee and that 99,899 mile 1986 328 cost the buyer $49k to do it right.

    $49 grand for a high mileage 1986 328. Remember that when people tell you that auctions aren't the right venue for selling Ferraris.
     
  14. johng

    johng Formula 3

    Oct 23, 2004
    2,298
    northern va
    Full Name:
    john g
    that is a great looking gray color. anyone know what exactly it's called?

    john
     
  15. Jbryant

    Jbryant Karting

    Sep 23, 2006
    220
    California City
    Full Name:
    Jeff Bryant
    Same Here
    1981 GTSI with 72K and going very strong
    Jeff
     
  16. BillyD

    BillyD Formula 3
    Silver Subscribed

    Feb 28, 2004
    1,837
    Pacific Northwest
    Full Name:
    Bill
    So with proper maintenance how many miles will a 3X8 motor/transmission last b4 rebuild?
    Bill
     
  17. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,447
    E ' ' '/ F
    Full Name:
    Enzo Gorlomi
    Grigio -- Italian for "grey". It's a metallic color. See http://ferrari328.com/gallery.html for mine in the same color

    I have almost 100,000 miles on my 328, never been apart, still pulling factory horsepower numbers on the dyno.
     
  18. johng

    johng Formula 3

    Oct 23, 2004
    2,298
    northern va
    Full Name:
    john g
    thanks tillman. very cool color on a 328.
     
  19. finnerty

    finnerty F1 World Champ

    May 18, 2004
    10,406
    What is the context of this statement? Is FNA saying that after 9 years or 36,000 miles, the cars are toast? Or, are they referring to the average span of the term of ownerships lasting 9 years before changing hands?
     
  20. mid328

    mid328 Karting

    May 4, 2006
    195
    Glen burnie, Md
    Full Name:
    Sam
    the mileage thing is alot of bull i have an 89 328 we have had since new it has 48,000 on it and runs like it did in 89 every thing is still tight body and doors included,has had proper service and care always also i know someone with a 308 with over 90000 on it and its a good running and sound car so it seems to me that the great mileage myth on the ferraris is just that a myth there have been alot of threads on here with people talking about their mileage being above 80,000 and still going strong so if it was properly maintained and cared for,body and interior are tight you are better off with some miles under its belt no sitting in the garage leaks etc.
     

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