Rebuilt title or high mileage... which one is worth more?

Hello all,

I have a line on 2 '91 348's. Both look to be in excellent condition, drive well, and both had majors at Ferrari selaerships in the last 6 months. One has 60k and original and the other is a rebuilt title and 30k.

For 35k I think either is a decent deal... But if I want to come close to getting most of my money back in the next yr or 2, which one would be worth more in your opinion?

So basically it's a matter of what dings a car value more... 30k miles or rebuilt title?

Please advise,

Sincerely a 1st timer (Maybe)
Thank you!

 

high mileage would be the best way to go. My 2cents

 

+1

 

Do you know the type/extent of damage that was done to the rebuilt one?

 

High mileage is perfect - you can drive lots and not change value as much.

 

High milage.

 

Both will be a tough sell, but high mileage will be easier than one with a rebuilt title.

 

High mileage.

 

Hello!

Thank you for the responses, All I know is that it was front end and the engine was not harmed. For some reason, i thought the lower milege one would be, just because of the new parts/paint, etc... but that is why joined you guys in advance of taking over the massive responsibility orf owning everyone's choldhood dream!

Please keep the opinions coming!
Thank you again!

 

If you plan to keep it go rebuilt. But you really need to know what the original damage was and how it was repaired. Frame damage is a no no

 

High mileage is your best choice, the rebuild title always creates some question marks

 

I love high mileage (well maintained) cars that are priced right.

I will only buy a rebuilt title car if I saw the "damage" in person before the repair, and I know who did the repair work.

 

I think there's some wisdom in both of these statements...rebuilt rightly carries a much larger "fear of the unknown"...at least among knowlegeable buyers.

 

Do I really need to chime in here? Go for the high mileage.

 

High mileage.

A well documented, high mileage car is perfect in my book. All the kinks have been driven out of it and you know you aren't going to get a garage queen that might not like to be taken out of the garage.

With a high mileage car with receipts you know exactly what to expect down the road.

 

I vote for high mileage also, well cared for high mileage that is....

 

This is interesting... most hi mile cars that are on the market are treat like they have a plague because everyone avoids them.
In the Ferrari world hi miles is 30k plus.
I dont understand this especailly when most guys use synthetic oil. So 30k in reality is barely broken in.

 

I think we all agree

 

Neither of the above. The market is very low right now, so if you have the cash I would take advantage of that and get into a lower mileage car with no issues.

If it really is a choice between these two, and only these two, then I agree with the high mileage voting bloc here.

 

Hey guys,

Thanks a lot for all of your help! Looks like high miliege it is. The dealership that the guy traded it in just got the timing belt, can belt (not sure if this is the same thing) and clutch plate done @ certified dealership, has paperwork of what they had done because the guy ended up not bringing the paperwork like promised.

So looking at paying 36k delieverd for a 90 in excellent shape and 65k miles. Is that a good price?

Thank you all again my new friends!

 

High mileage!! ................. never trust an f-car with low miles ........ its actual care and history are suspect ......... as anyone who does not drive their f-car(s) has potentialy very serious mental problems .....................

 

Congratulations and welcome to the brotherhood....don't forget to post pictures once you take delivery.

 

High mileage any day of the week.

High miles is the only way to go for me. I won't buy a garage queen, not worth buying a car that was sitting in a garage for God knows how long.

Ferraris are often fixed cheap, they fetch a high demand when wrecked because it is still very profitable for the car to be a parts car. I will not touch a rebuilt one unless I know the FULL 100% history.

 

When I finally become one of you. I will definately start posting a lot!

 

High mileage is better than low: It has probably been sorted and driven so much is in order.

The only reason to buy the rebuild, IMO, is for low, entry into a Ferrari, with no reason to get much out of the future resale, IF that is what one wants.

or more importantly

using it as a track car: that price would be nice for tracking IF the rebuild was done correctly, if not, it needs to come way down even for track.