I thought I'd cross post this here in the regular section since I'm not sure many people check the for sale thread. I don't get it. Everyone that sees this car loves it and is blown away with all of the upgrades and condition not to mention those that have been in it know it runs like a scalded dog. Is this just the most hated used 348 on the market now or does everyone think I should just give it away for the price of some run out old turd that was owned by some knucklehead with no passion or love for the marque? I mean really, no offers?.... real offers! you must be on drugs if you think your gonna get it for pennies. I don't get it. I'm really confused. Image Unavailable, Please Login
Same thing happened to me 2 years ago when i sold my Black on Black spider, fully serviced and in great condition. only offer i got was mid $20's. No offers by way of Ferrari Chat. anyway ended up selling it to a customer of mine.
Nice looking car!! I'm not surprised, I was just on Ebay Motors looking for a car for my oldest daughter (turns 16 in Oct) and thought a Porsche 944 Turbo would make a nice car for her. Tons for sale, yet no bids. And the ones that have bids are ridiculous low bids. I glanced at Ferrari's on there too, everything on there is a low-ball bid. I've been a firm believer that the economy is getting worse, rather than better.
There's just 'something' about destroying half of the wealth in the world, that tends to put a damper on exotic car sales...... I toy with the idea of dismantling all mine for scrap parts, actually.....
I find it kinda funny that I have for the most part all of the upgrades most buyers of plain Jane cars want to add once they get theirs but then freak out at the price of what it takes to make one of these really trick. Usually the first thing guys want to do is add a Tubi or some other cool aftermarket exhaust and cats but end up starting threads complaining about the cost of new and lack of availability on the used market. And when a used one pops up it's still expensive as heck. Custom wheel upgrades aren't cheap but we all know most people take the low road and by some Chinese ebay junk that doesn't fit properly and once again complain. For not much more that a plain Jane roller someone can get the works with this car. You obviously know the car a bit and it hasn't changed much since it left your shop. Still looks and runs great. I added some hill components to finish off the interior and much to Dennis's chagrin put the original tail light assembly back on but otherwise it's the same car. Well, The rear tires are a bit worn but I do drive it and that is typical of these as you know. Oh well!
I know how you feel. Recently, I had a late model M5 for sale with all options and a couple of really nice Dinan upgrades...took 6 months to get it gone. Lots of dreamers and tire kickers (not to mention brokers and online 'ebay specialists'). The right buyer will come along...just hope you're not in a hurry.
It is kinda strange even with everything in the dumps I see people still buying stuff. maybe cheap but they're still buying, sure seems to be a lot of new 348 owners here lately. One very expensive one that I know of recently. So somewhere there's gotta be another good buyer out there. All I'm asking is for someone to buy my good loaded example for a reasonable price not a "I sure f#ck*d him good 'cuz I hold all the money and he probably needed it." price. That kinda **** has got to stop!!
Oh you're asking for it now buddy! Kick a guy when he's down eh? I'm glad you were the one to buy my seats. It makes me feel good to know that I sold them to someone who is genuinely happy with the deal. You deserve to enjoy them in the best of health. Cheers!
If I remember correctly I advertised my 1989 348 with around 30k miles and 3 year old major service for around $42k a year ago. I got a buyer through cars.com for $37,500, and I think it was a fair deal for both parties. Where else do you have it listed? BT
I have mentioned it in the past, I am pretty sure banks like Capital One are still not doing "person to person" (private party) financing. This, along with the economy has killed the car market as a whole. Many buyers are forced to go to a dealer because they either have a trade in or need/want a loan. Cash buyers in today's market are low balling everything (you should see some of the offers I get on some of my inventory, its laughable). Some people are taking the offers, most are not. Just my 2 pennies worth of info
Trust me, people have had enough of the trickle up economic bull$**** theory that our current admin has. I believe in trickle down.....Until that gets healthy again we are F'd! If you currently drink this Kool Aid ask yourself this, when is the last time you worked for a poor man?! Dont get me started......
Thanks, I trust you know I posted in jest... I do love those seats. I recently cleaned them thoroughly and now they look like new (I had the small cut fixed and the area where the hand touches the seat using the emergency brake). I'm sure you'll find a buyer. Worst case, you just have to keep enjoying it yourself. Kai
I'll answer the question. I am looking to buy a 348, do not require financing, and am ready to pull the trigger. I exchanged some PM's with John but never made an offer. I'll list my reasons, and let the board weigh in. Ultimately, I am looking for SS or better, but I will consider a car at the newer end of the 89-92 range. Deal Killer: Reluctance to submit the car for a PPI including compression/leak down. John is basically asking that the buyer trust his butt dyno. My mechanics here say that early valve and/or ring issues won't necessarily be easily detectable by seat of the pants feel. And while previous service by a respected wrench is a plus, it is no indication of current condition. I think it is completely within John's purview to not want someone messing with his engine to do the compression/leak down, but this may deter some buyers. Deal Bummers: 1) Lack of original parts (brake calipers, wheels). I doubt I'll ever want to concourse the car, but if I want to not having these items is, to me, a negative. 2) Highly valuing Stop Tech brake upgrade. For street use, I believe that I can get exactly the braking feel that I want with pads (custom Cobalt Frictions, probably) and the stock calipers. 3) Highly valuing Ronal wheel upgrade. Aftermarket wheel value is in the eye of the beholder--and while I don't think the wheels look bad (and would rate them as better than stock), they aren't my favorite, and therefore aren't worth much to me. 4) Milage. Jon is to be HIGHLY commended for being honest about the replaced instrument cluster and the true milage. Having said that, the milage is high. Yes, I know parts fail based on time, based on disuse, etc., but they also fail (or plain wear out) based on milage. 5) Highly valuing exhaust. I was happy with the factory exhausts on my previous F-cars. Most Tubis that I have heard have been a bit loud for my taste, though I have not heard the 348 version. Nevertheless, I would rather have a car with the stock exhaust and the free cash to choose my own aftermarket exhaust, should I decide the car needs one. John's car appears to be very nice. It has numerous small upgrades that will greatly appeal to some. I did not make an offer because there is the price I am willing to pay for the car without a full PPI, and the price with a full PPI, and neither is what John is asking for. Ultimately, I think the answer to the question, John, is that your car is unique, and it will take "just the right" buyer to appropriately value the upgrades it has. And it is exactly because I believe that you will ultimate get a buyer at the price you want that I did not make an offer. Plus, as others have pointed out, now is not the best time for selling used cars.
Scotty, I never said I wouldn't allow a full PPI, you never fully asked! It will not be at my expense if one is ordered by anyone and it will not be at the local dealer that's for F'ng sure. What I did say was that a local trusted F-car mechanic doesn't believe the leakdown and compression are necessary unless the car shows signs that it might be needed. He will do whatever you want but again it's on the prospective purchasers dime not mine. BTW, I'm sorry that i turned such a rare and valuable car into such a rolling piece of **** by having aftermarket components and expensive ones at that. Holy ****, I almost forgot to mention that I also have some stone chips up front. Let's take another 10k off because of that. I guess my good friend Bushwhacker should be nailed up on the cross next to me since he did most of this. Bush you and I should be banned forever!
Wow, John, just wow. I am totally sorry if I misinterpreted your comments on the PPI. Of course any PPI would be at the buyer's expense. This sounds like my communication mistake, and I take full responsibility for it. Please accept my apology. However, otherwise, I gave you my honest reaction to your car. A little of the tone of the e-mail above came through in your private responses to me as well. Perhaps I am being to sensitive, but you might consider that in reasons you haven't gotten an offer. Whether you like it or not, I answered the question you asked. You might re-read my post. I said that your car appears to be very nice. I mean that. What you may not be getting is that the value you place on the upgrades may not be the value that others place on the upgrades.
Stuff is selling for market value, but market value is way down from where it was a while back. The cars maybe "should" sell for more, but when financing is hard to come by and many cash buyers would prefer to have it sitting on the sidelines than tied up in a car, it reduces the buyer pool and that means prices sink like a rock. As the guy above said, most people prefer stock - upgrades don't generally add any value. There are some people who will pay for it, if those are the things they would have done themselves, but that seriously reduces the buying pool. Only choices are to drop price or wait until someone comes along willing to pay the price asked for the upgrades included.
My humble opinion based on my own experience owning and selling a 348, the price is high considering the mileage and 4 year old major service ( 06 if I read the ebay ad correctly) also factor in the economy and I think 38 - 40 is a fair price. I barely sold mine for $42,000 4 years ago with a 4 month old major service and about 51,000 miles on the odometer. The tubi I would add value to the car, the wheels and brake kit and bezels add nothing if not detract on resale, I'm not saying they aren't a valuable addition just that they are kinda like a swimming pool they aren't going to add value and may deter some buyers if the original parts aren't included in the deal. BTW the car looks great .
Well there's a first step, take the wheels off and sell them to a 348 owner who values them and slap the hideous OEM wheels back on
John, if putting on the stock wheels is gonna make your car sell better, please do it and PM me as I want to buy your devalued Ronal wheels for sure. Seriously, I was trying to get them some time ago only to find out they are no longer made so I went to the 360 wheels for my 348 spider. Jeff
This situation is like another car that has been pimped on here for months. Said car has been the topic of numerous posts, wherein members expressed amazement that it hasn't sold. The issue with that car, much like the car in this thread, is that it has been modified. Remember guys, to many more is less. A Ferrari is special enough - it does not require a bunch of cheesy (to some) add ons. IMO
