Have to sell my 328, what do you guys think?

For a "normal" car (like a Porsche or BMW) being sold to a "normal" buyer, those things would not be huge problems.

For a Ferrari, esp. a 3X8, you might as well give the car a coating of bubonic plague to go along with that repaint, nonoriginal interior and those miles. Oh, and apparently "conventional wisdom" being that you are now due for a tbelt change.

None of those things would stop me from buying your car (well, maybe the bubonic plague would give me some pause), in fact, I'd prefer it. A car you can actually drive. And, also . . . drumroll . . . on a nice Saturday morning, WASH! WITH ACTUAL WATER!!!

If you want a guess, I'd guess you'd have a hard time getting a price that starts with a "3." Advertise at $32K and sell in the midupper 20s.

 

Wow, beautiful. Really nice restoration. No matter what the buyer pays they're getting a great deal.

 

Nice car! Unfortunately it's not a seller market and likely will stay that way for sometime. Personally I think you do the right thing putting the money on the home, I'd rather buy another home than another Ferrari, but that's just me.

 

wow, i dont "like" 328's much, but your car , and all the work that went into it are really amazing.

I am sitting on my cash for a euro QV, (which i have not found yet,) but i will let some of my buddies that are not online know about your car.

wow!

Good luck with your sale, this is a great place to find a serious buyer.

 

400 miles since re-paint and you already have some road rash? Selling quick might be easier on this sight. A place like ebay, and you could be chasing winning bidders who don't show up. I would think high 20's low 30's should sell quick. It would be a steal at that price. It looks like a new car. I assume it runs well too.

 

Wow, wish I was ready. Hope it stays local. Better yet...sell the house and keep the car!

I thought of you when I saw this article: Raccoon terrorizes family

 

I bought my last 328 (Black/Tan '87 GTS with 74k miles) in August 2007 for $31,500. Obviously the market was better then but you have a red/tan car that doesn't need anything. I think that you should still be able to get somewhere between $25k-$30k for the car. Good luck!

 

DMury - i just saw the refresh pics you did. I will not even venture what you should list your car at in this market. But i will say this - the numbers posted above i think your making a big mistake to sell the car. I think you should keep it -

 

Ouch!

Of course only you know the full details (finances, use, enjoyment, sweat and love, etc.) - buit it sure seems like a shame to sell that vehicle with all you have done to it.

This forum is very probably the best place to advertise it - knowlegeable buyers will appreciate your car much more than a typical "Ferrari inexperienced" prospect.

I have never considered a 328 but your car makes it tempting...however my Mondi is serving me well....

Best of luck on whatever you decide to do....let us know how it trns out.

 

Neither do I. I'm happy to hear you're keeping the car.

 

You probably don't get the statement because you like to drive your car (as do I - and DB6 was not expressing his opinion...)....but if you look at other threads you have to admit there are lots of Ferrarti enthusiats that value original equipment above all...

+1

 

IMO the only issue you have is the miles. Plague??? forget it. The car looks beautiful.

My guess 28-32k.

25K is thievery (at that price I'd be happy to steal it though!)

 

+1 If I were in the market I would consider this a steal even in the low $30's.....



PDG

 

I agree with everything you've said.

I don't get the "bubonic plague" thing with a 71K Ferrari either - but it exists. There's a weird odometer fixation with buyers of these cars, where a "25K mile" dog is worth more than your excellent car. (I put "25K mile" in quotes because I think at least half of those are really 75K+ mile cars). For many buyers, the number on the odo means more than the actual condition of the car.

I agree on the low mile time capsule cars. I've owned them in the past, own one now - but never will again. I'm with you, I'd rather have a car to drive and have fun with. My next one (if there ever is one) will be one exactly like yours. IMO they are the best value and the most fun.

I don't see your car as a $25K car, even in today's bad market. I think if you put it up for $25K, you'd sell it in a week, maybe even a day. That'd be a steal. But when you start to get to an actual sales price in the 30s, you are starting to compete with a lot of "low mile" "original" cars.

 

Being offered in the 40s is a lot different than being sold in the 40s.

 

You said you wanted numbers for selling quickly. Those are numbers you got. You could get $35K, but it might take some time, and a few people coming to look/drive/etc.

 

When I purchased my car I was offering low (in the range I could afford) and the PO asked me what I thought the car was worth. I said 30K, but XX is all I can offer. I was the only person to look at his car in over 6 months and I got it. Your car is likely worth 35K, but if no one will give you that for it inside of 6 months it isn't worth that on a quick sale. At 25K with people here who know it you would move it. At 30K it may even take a few months unless the planets align correctly. I hope you can keep the car. Terrible economy, few people are spending cash on non essentials.

I don't think anyone here is trying to say it's only worth 25K, they are saying based on market and your desire to sell quickly it would be 25K, or 27 or 30,500? Many people with more money than that are looking to 360s, not all, but some.

 

"Worth" is like "value." It is only what someone will pay to buy something, If it won't sell for 35k then it's not "worth" 35k. That may change if the economy turns around but I'm not sure we'll ever see these cars "worth" what they used to be. Even if the economy dramatically improves, a lot of people are going to have a bad taste in their mouth and I think the long term effect is that even if they can afford it, people are going to be reluctant to spend money in the future on luxury items, especially items that have little practical use...like our old Ferrari's,

 

IMHO, The market for your car WILL improve--------------don't take a bath let the swimming pool wait a few years. I would say 3-5 yrs and you would see 50K. Lost

 

You have a beautiful 328 there. I would guess you could get $30-35K for the car - she shows very well and looks like she's in very good mechanical shape.

After putting so much time and effort and $ into your car you should enjoy it for a few years! It's a rotten time to sell, so don't sell unless you really need to. And, the market may have recovered in a few years and you'll get the enjoyment of driving your car, and selling it from more $ down the road.

 

well, from a financial point of view, don't confuse more money later with less money now; they are not the same. Inflation, cost of ownership/maint/insurance means that selling it in 5 years for 40k is probably the same as selling it now for 30k as far as actual money is concerned.

It's like saying that since a new 89 328 cost 86k (per my sticker), the fact that it sold in '07 for 54k means that it only lost about 1/3 of it's price. But, of course, it actually lost 2/3 of it's price when inflation is calculated. But in addition to inflation you have to figure in the cost of operation, insurance and maint. Those items alone are likely to be at least 10k in 5 years.

So if you want to sell the car, you have to consider what it REALLY costs you to keep it when GUESSING on how much the economy MIGHT improve in the time frame...

 

wow with comments like that please sell the car! if some one talked that way about my girl WATCH OUT

funny thing is I remember my cousin not buying a nice 72 Dino back in the mid 80's for peanuts because so called Ferrari 'experts' said the same things !!! go figure...


btw, do you also own a porsche??

 

A year and a half ago, when I was looking for a 3x8, I would have jumped on this for $35K.

Maybe I'm in the extreme minority, but I didn't care about mileage; the interior and exterior restoration would have made it a no brainer.