"Major service performed at a cost of $6,891just 3,600 miles/7 years ago." 7 YEARS AGO!! Time for timing belts and who knows what else.
shmark - good points -- it is due for a major in a year and a half, 38500 miles, everything works, serviced in So Cal by a well renown Ferrari Shop on and on and on but still the economy is not there. As for stating the color it is what it is a dark burgundy or a rich prune color
MBK, you are getting close on price now depending on condition, etc. Prugna is one of those colors that people either love or hate, and you need to find the guy who loves it. Economy sucks which eliminates peripheral buyers, but Ferrari buyers will find it if you price it right. MB
Hey, I like prugna. What is a problem is that not many people are familiar with it. To help market your car you need to be specific. Get pictures that show the real areas of interest: general exterior, good shots of the interior including the normal wear spots, engine compartment - ensure it is cleaned and well detailed. If you say that the maintenance has been performed by a well known shop then say who it is and show the stack of receipts. By date say when the last belt change and water pump was done. Do you know the history of the car? Original dealer, sequence of owners, etc. How complete are the records from new? Do you have the complete tool kit, jack kit with belts, the owner's folder with all the correct books? In this market you need to be able to prove the quality of the car. It is easy to say the words of "great condition", "well maintained", etc. but being able to back that statement up to potential interested parties that are not within easy driving distance is much harder. By the way, what is your serial number and build date? Mine is 54573, 11/5/1984 build, dealer: Monterey, CA (Ray Ramsey) Jeff
Yup. And to someone not wise on ferrari maint.... major 3600 miles ago may sound good. The point is, there are "pretty" cars out there for $19K. They'd prob take $17,500. Pretty soberring IMHO...
This should probably be a separate thread btw... I will tell you that in my humble opinion that is WAAAY HIGH!!!! For 38k that car should be low mileage, immaculate, and have all service records since the beginning as well as be up to date with a major service. As noted in this thread there are 355s selling for less than that car is. I would walk on this one unless he came way down on the price. You have NO idea whats going on with that car and no history to know who has been inside it or when anything was done. Thats my opinion, but there are others who can comment as well, but I doubt they would say much differently. PDG
As bad as things seem right now, for anyone who survived the mid '70s, mid '80s, and the early 90's, then you realize we're in a curve, and most likely at the bottom of that curve. Yeah, there are those saying the worst is yet to come, but I don't think so. There are always people yelling the end of the world is upon us. Fact is, the markets cycle every ten years or so, and while this cycle is lasting a bit longer and went a bit deeper than anyone could have foreseen, it is a reflection of the higher than normal highs we were at before it crashed. Given the world population and the scale of the economy, I don't think we'll be seeing bread lines any time soon. That said, I think anyone in a 308 variant is relatively lucky in that the depreciation hit is negligible as compared to the newer models. When I bought my 308, 355s were $100k-125k, and 360s were $175k-$195k. Now, 355s are mid 40s and 360s are mid 60s, all day long. Obviously, premium versions of either are $5k-$10k more, and aren't being sold on eBay but changing hands quietly. I also think given the relative simplicity of the 308 and TR models, the prices of good examples will recover and the cars will be more desirable 5 years out. The production numbers of the newer cars, and their expensive to fix systems, will be a determinant in the long run. For instance, someone recently told me that a replacement pump for their 360 F1 shifter was a mere $15k part..... Phil
I disagree with this. The worst Ferrari is better than the best Corvette -of equal value, of course. The GTS is the most iconic Ferrari and Ferrari will always represent the apex of the sports car world. I don't think people are terrified. I think when you look at the financing issue, and compare it to the availability of these cars. It is just a bad time to sell. +1 this is a big issue so true. When I was first in the market, I was looking for a driver 308 that I can bring to the track and beat the **** out of. By the time I was ready to buy, the market dropped to the point where I was looking at Testarossas and ended up settling on a lo mile 328 that isn't going anywhere near a race track!!!!!! It's a buyers market. The best advise here is to hold on to your ride and help build that market up. But of course our situations are all different. Seams to me that more collectable Ferraris are just not available these days. The truth is, with having $30k+ on hand, financing wouldn't as big big of an issue and it will get you a much newer ride. I disagree again. @ $20k, this isn't a museum piece. Who cares how many miles are on it? Been a while since the belts were changed, big friggin deal. It's worth it to replace. Anyone who buys this car is buying it for themselves and not the next guy who cares more about the receipts than the actual car. That guy isn't gonna buy this car anyway. To buy a Ferrari that one can drive and enjoy for the right reasons and for under $25g's, sounds like a sweet deal to me.
A thorough major like that would mean you throw belts and tensioner bearings on it and keep on truckin'...probably needs fresh tires too.... To the OP it's the prugna, although there is one here and I think it's a wondeful color! It's just going to take "That buyer"... You can join here and use FerrariAds for free, as you just wrote off $7K spending $15 is a no brainer... Niche audience, in tune with these machines....
lets face it - whether its 38k - 45k or 27k , nobody here wants to buy it unless its 19K 2 Pages of every excuse not to buy it - service, price, off color --- all nonesense. if its a good car , do what you should do , drive it to the ground every day --in the rain, in the sun, drive it to **** --- then wax it , tar up the underneath and place an add on ebay for 15k (which is only maybe 4 - 5 k less then you would get now) and watch 14 pages on fchat in the 308 section , and how someone will buy it, and then high 5 each other on the "DEAL" they got on this great driver ... and the diy attitude that can make look good. thats what you should do mbk
Yes, and I think in this case it could be THE factor. The 308 is often purchased by first time Ferrari buyers and for most first time buyers, a Ferrari has to be red. I know there are others who prefer anything but red. But they are the exceptions, not the norm. I suspect, though I don't have data in front of me to verify this, $31,000 would be about right for lower mileage (20,000 miles or less) red or black 308 QV. What is the mileage on the car? -F
Please post a picture of your Prugna car. That would be the next one my wife would let me buy and i would love to be the owner of one. However I'm not even a tire kicker at this time. I'm going to second Big Tex's comment to subscribe here for $15.00 and put an ad up. It is a cheap ad and isn't range isn't limited to f-chatters. My neighbor introduced me to the f-car world, f-chat, and my car that was for sale here from an f-chatter. My opinion on the 105K mile 308. Engine good for about another 100K, looks to be exceptional condition with all the goodies. That I think is a screaming deal. Needs belts, but I bet that car could take belts and bearings and be good for 5 years. The accelerator pedal has almost no wear. Mine has no paint left through the entire center section and only has 52K documented miles on it. It's an ugly market. I stretched myself to get my car a year ago thinking that the bad economy and my savings put me in a place to take advantage and I got my car for a great price. Still happy as can be. Good luck on the sale, and I will hope for pictures and to see an add in Fchat-ads. Last thought, if you don't have to sell it, don't. And, Honda called a very similar color on the 90's civics camelia red.
My only comment on the color is most people (fchat excepted) don't know what prugna means and if you say you have a "prune" Ferrari, well that right there will turn people off...unless you're after the ensure set. Market it as deep burgundy or the color of a fine wine, and you'll get more mileage out of the ad. Semantics I know. I do think it's a beautiful color. It will take a more sophisticated buyer to appreciate, probably one who has had another Ferrari and admired it. Ditto on the comment, if you don't have to sell right now then don't. It's just about the best buyer's market in history unfortunately....or fortunately.
Totally agree. People always ask my wife what her car color is. She would tell them "Merlot" and they just gaga over it, specially women. I think that color looks best in full sun.
Merlot is a good English translation for the color actually.... "Metallic Metal Flake Barney Purple"!!!!! I love you....you love me......
" I do not think 31K is too much" But you are the seller...the BUYER decides what is "too much." So for now (current market, etc) it is apparently too much if you are really trying to sell it. I paid 53k for my '89 328 in 2008 and in the summer of '09 was twice offered (by different people) more than I paid for it. I don't expect those offers to ever turn up again!
As someone looking for his first Ferrari I would have to agree that anything other than Red is less desirable. On pricing I can only speak for myself but when I see a $30K-$33K asking I am thinking $25K because most of the cars out there need belts to start with and who knows what else. I am looking for a Carbed GTB so the pickens are pretty slim but I think I would still hold to a Red car although I might consider a Yellow one for the right price. FWIW there is a "Burgundy" 82 GTS in boxer trim on fleabay in Van Nuys currently at $24K with less than24 hours to go and one bidder who wants it since it shows 8 bids to the same name ... Although if you look at the completed listings section for 308s, only 3 of the 25 cars listed sold, and nothing over $26K (The $26K car was the 85 Euro QV with the girl on the hood...which fell through and was re-listed which would then make it only 2 being sold) If the "Burgundy" car doesn't meet reserve that could be your buyer but at a more market friendly price since its obvious he is interested in the color of your car and might pay a little more for the more desirable QV. At any rate best of luck
For a 308 GTSi, 20k can be had all day long with mileage in the 20's and 30's. And this was the case three years ago, when I was looking. So for a 100k car, it's range should be 10-15k. Sad but true. Ace
I am looking for a Carbed GTB so the pickens are pretty slim but I think I would still hold to a Red car although I might consider a Yellow one for the right price. Have you seen the 77 GTB for sale on our site (FerrariAds.com)?
"Have you seen the 77 GTB for sale on our site (FerrariAds.com)? " Actually I did see that one..a bit out of my price range (although it is one of the few that I have seen that may be worth the asking price) Also bringing in a car from Canada is a lot of work...I brought a vintage sports racer down from Thunder Bay a number of years ago and luckily I had documents proving it was made in the US otherwise a there are a whole lot of hoops you have to jump thru to bring a car back down here. I actually check the FerrariAds first every morning then CL then Ebay then Vast
Always the case when you're selling. Never the case when you're buying. One of the mysteries of the universe. Disagree? Scrape up $12.5 and look for a 100K 308 attached to an owner who will accept that deal....
Reasonable driver 308s, particularly 2V injected cars, are going for between $20K (tired) and $30K (pretty nice). Anything less than $20K is generally in very poor shape, and not a decent driver (but there are exceptions). This is pretty attractive pricing for an iconic ferrari. I think these 308s, including the GT4, will appreciate strongly over the next 10 years, similar to what early porsche 911s did over the last 10 years. When it comes to 308s, my experience has been that asking price and condition don't correlate very highly. With some modest searching, an educated buyer can get a very strong 308 for a very modest price right now. It's not a bad place to park some cash right now compared to equities or bonds or other interest bearing investments!
We don't know what prices will do. But seeing the recent chatter about so much of Ferrari and other high end cars getting purchased in China makes me think. If other parts of the world want these cars bad enough, specifically Ferrari, there may be a time when they get snapped up here at 20K and sold over there for twice that. That will eventually lead to price appreciation here as the actively traded cars disappear and it gets harder to find any of these older ones for sale. Just something my brain has been chewing on. A bunch of years ago I had two junker vintage BMW motorcycles. Sold both carcassas to a fellow filling a shipping container headed back to Germany.
