Is this high end of the 3x8 market? | FerrariChat

Is this high end of the 3x8 market?

Discussion in '308/328' started by Duane_Estill, Oct 30, 2010.

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  1. Duane_Estill

    Duane_Estill F1 Rookie
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    #1 Duane_Estill, Oct 30, 2010
    Last edited: Oct 30, 2010
  2. 308gts79

    308gts79 Formula Junior

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    #2 308gts79, Oct 30, 2010
    Last edited: Oct 30, 2010
    The 328 GTB is rare especially a late production concave style wheel which most people prefer. The 89 has convex wheel with ABS. With $11K fresh service and low 22K miles, the asking price is not much of line.
     
  3. st@ven

    st@ven F1 Rookie

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    Nowadays in the most of Europe about any 328 is advertised beyond the 348.

    A nice 328 ( gts/gtb) is valued at about euro 40K. 348s are about 7-10 lower.
    In EG the UK the dfferences are even bigger. Most 328 are going to US$ 50K and beyond. Many 348 are advertised for less tha US$ 40K.

    Esspecially in the Uk 328s are on average in 355 regions now.
     
  4. Bullfighter

    Bullfighter Two Time F1 World Champ
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    Same in the States.

    I think Sport Auto is a little optimistic on this one, but silver is a rare color. ~20K-mile 328s in nice condition have been ~$50K cars for quite a while.
     
  5. Bullfighter

    Bullfighter Two Time F1 World Champ
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    They have a GTS with more miles priced the same. While I agree with you on the concave wheels, I think odometer is the overriding factor. Here's the "ideal" 328 for most buyers, with ~12K miles, asking in the mid $60Ks:

    http://www.mgmsl.com/nlisting.cfm?ID=95bae49c%2Dcfe7%2D4926%2Daafe%2D55b7738c918e

    I don't think any 328s are/will ever be regarded as "rare". They're just good to own/drive/look at.
     
  6. scoobysteve

    scoobysteve Formula Junior

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    The car looks nice but it's not perfect.

    In this photo either the rear deck doesn't latch properly or the photographer (and dealer putting up the photos) are incredibly sloppy:

    http://www.sportauto.us/02_inventory/ferrari/1988_Ferrari_328GTB_Silver_5speed_K035_%20For_Sale/images/1988_Ferrari_328GTB_Silver_5speed_K035_%20019.jpg

    Then, it becomes apparent they are showing interior photos from 17,000 miles (and probably several years) ago; either that or they have the mileage wrong in their ad. Check out the odometer reading here.

    http://www.sportauto.us/02_inventory/ferrari/1988_Ferrari_328GTB_Silver_5speed_K035_%20For_Sale/images/1988_Ferrari_328GTB_Silver_5speed_K035_%20023.jpg
     
  7. Kds

    Kds F1 World Champ

    #7 Kds, Oct 30, 2010
    Last edited: Oct 30, 2010
    Silver on Red is a fabulous and desirable color combination, just like yellow on black...........that a small minority of people (like me) will pay up to 10% more for, whereas red 3X8's are a dime a dozen. Not knocking red Ferrari's, just talking stats.

    328 GTB's are very rare regardless of color.........and it is represented as very low mileage with a recent major service and clutch. Many lesser priced cars commonly need $$ spent at time of purchase, or very soon thereafter.......as is usually the case.

    Worth every penny IMHO to the "right person" if it checks out. If you think it is too much $$ you can always go and buy the other one. What's that you say ???........there is no other low mileage freshly serviced silver/red 328 GTB for sale anywhere ??? Oh silly me..........marketing 101 class dismissed.
     
  8. hardtop

    hardtop F1 World Champ

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    I'm a B owner but I think the price is out of line. I sold an 89 R/T with 24K on it and fresh service last year for 56K. 89s are worth more, like it or not. I love the silver but red interiors are a tough sell on 328s. 328 prices overtook 348 prices some time ago and now there is significant overlap with 355 prices. I think a real nice QV would now bring more than a comparable 348TS or TB.

    Dave
     
  9. shashi27

    shashi27 Formula Junior

    Jan 7, 2006
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    Beautiful car, love the color combo. Maybe a little high but they did just drop $11K on a full service.

    There were a couple GTBs for sale about six months back, at least one by an FCHAT member if I recall and I think they were about $40K.

    328s are not my fav but the GTB is quite striking.

    Good luck to him/her I hoep they get every dollar they want for it...unless you are buying that is. :)
     
  10. MS250

    MS250 Two Time F1 World Champ
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    if it wasnt for the cheapest priced (kumo) tires on the car i say it looks good and some wiggle room....and for 11k worth of service, they could have at least polished that rad reserve ;)
     
  11. Argento839

    Argento839 F1 Veteran

    Oct 21, 2005
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    Pretty car but the price seems really high...
     
  12. mike996

    mike996 F1 Veteran

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    Somebody's balloon hasn't landed yet...

    Can't imagine anyone paying that price for it but then again, if a person who wants that exact color and model shows up, it's a possibility, I guess. I've seen an item sell on Ebay for 1k when most of the time the same item might sell for 4-500 bucks. One never knows and if the seller doesn't really HAVE to move it soon, what the heck, might as well stick it up there for whatever. The bad part about listing it for an artificially high price is that if it doesn't sell and just stays there, it starts to look rather stale to folks looking at listings.
     
  13. hardtop

    hardtop F1 World Champ

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    #13 hardtop, Oct 30, 2010
    Last edited: Oct 30, 2010
    I decided to consult my GTB data base and I have quite a few entries:

    7/99-17K miles-asking 55K at LFSC
    I actually looked at this car then when I was looking for a gtb and test drove it. The speedo had been changed but the old one was with the car, all documented. I opted out because the interior was just sooooo red. It is much brighter than it looks in photos. Also the price was a little high. IIRC, this was Mancuso's personal car in the beginning. Here are more offerings:

    9/02-19K-49.9K
    9/04-16K? 42.5K cars.com
    11/04-23K 47.5K Ferrari of Atlanta
    11/06-47.5K BIN ebay
    and now.
    Hasn't been driven much the last 11 years.
    I thought an Fchatter had bought this a while back. Have to go to the 328 registry thread to see.
    75912 is also a silver/red GTB.

    Dave
     
  14. db6

    db6 Formula Junior

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    It's just a number, until it sells.
     
  15. mike996

    mike996 F1 Veteran

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    Well said!
     
  16. yelcab

    yelcab F1 World Champ
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    I don't think the stooges are going to like that statement
     
  17. mike996

    mike996 F1 Veteran

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    "328 prices overtook 348 prices some time ago and now there is significant overlap with 355 price"

    Hmmm... I still get "notifications" from a variety of sellers on these cars and what I have received lately shows the same relationship it did when I was looking in '08 With cars in similar mileage/condition, 355s are higher than 348s and 348s are higher than 328s and 328s are higher than 308's. And within each line, the newer the car, the higher the price. THe difference is that between '08 and now the prices have all (of course) shifted downward.

    Like it or not, they are just used cars. They may be cars that don't depreciate as badly as most but they are still used cars, not collector cars with the possible exception of the Fglass 308.
     
  18. red3555gtb

    red3555gtb Formula 3
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    Or maybe we have turned the corner on very nice examples 308/328 "B"cars,and yes they are hard to find in great condition that's why they surpassed the 348 in value and closing in on the 355,and let's not forget 308/348 don't have those crazy service issues the 348/355 have.Owners of 308/328 should be happy with this asking price not slamming it,after all they are not making any more 308/328GTB's.
     
  19. mike996

    mike996 F1 Veteran

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    #19 mike996, Oct 30, 2010
    Last edited: Oct 30, 2010
    "Owners of 308/328 should be happy with this asking price not slamming it"

    Well, to me part of the purpose of this sort of "help" forum is to help someone to NOT pay more than they have to to get the car they want.

    And where is the DATA that shows the 328 is higher priced than the 348? As I said, all the material I get does not agree with that.
     
  20. MS250

    MS250 Two Time F1 World Champ
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    one example right now, in the 348 section there is fchatter with a 348 listed for $35,000 and still no bites.... compare it to this one listed now for $57,000.

    agree with red355gtb - everytime a car comes on here for sale ..everyone hums and ha's its too high, unless its priced under $20,000 - some pleople may actually like a newer 308/328 and drive it down , as opposed too a car, 5 heartbeats away from being a parts car.

    the fact is - a stellar 328 will commad more $$$ than a tired or worn 348/355 - word is out now that these cars 348/355/360 are high on the maintance side.
     
  21. hardtop

    hardtop F1 World Champ

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    #21 hardtop, Oct 30, 2010
    Last edited: Oct 30, 2010
    Find me a 348 with over 20K miles that sold for 56K last year. A quick look shows Bobileff has a 94 spider with 16K and fresh service for 44.9. A comparable 86 328 would bring more than that and a 16K QV would likely bring it as well. Right after I sold my GTB last year for 56K, I found a 97 355TB with the same miles and about 25K in recent service and valve guide upgrades for the same price. There are now many 355 spiders priced in the 50s. Bs are even less. Other than that, I agree they are used cars. I've owned them for 14 years and don't expect they will ever qualify as "investments" in my lifetime. But the fact remains, 348s and 355s have depreciated far more than other V8 models.

    Dave
     
  22. Duane_Estill

    Duane_Estill F1 Rookie
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    I've read on here repeatedly that the 348 was the first F-car that required an engine-out belt service. Also I read generally that the 348 was a low point in build quality, but do not speak from experience. What do these things translate into as far as maintenance costs and having to watch certain things carefully as opposed to the 328's reputation as one of the more reliable of F-cars. No instigation inteded here, just asking.
     
  23. red3555gtb

    red3555gtb Formula 3
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    I'm with hardtop,Investment for profit unlikely in the near future,but chances are that if you buy a very good service up to date 308/328GTB you will have the time of your life for the next let's say 5 years and at that point if you were to sell it I bet you would get what you paid for it including the maintenance costs,and that my friends would be a very good investment in a car...... Try to do that in a 348,355 which I think is a great looking Ferrari,and 360 all of which if the mechanical issues don't hurt you in the wallet the electronics with the orange dash warning lights will be crazy expensive to repair/replace on an on going bases................ I love the adds for the 355:$45,000 asking with $18,000 in routine major service just completed, that says it all for me.
     
  24. AMA328

    AMA328 F1 Rookie

    Nov 12, 2002
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    Unless I go color blind, the red is a show stopper for me. Silver is nice, tho.

    With that pricing, I don't see it selling anytime this century.
     
  25. mike996

    mike996 F1 Veteran

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    "I bet you would get what you paid for it including the maintenance costs,and that my friends would be a very good investment in a car......"

    The "I bet" part is just that... People BET that their 401Ks would never tank and that Bernie Madoff would make them a ton of money. It's all just speculation and wishful thinking. In 20 years? Yeah, a nice 328 might be worth 200k+USD but, of course, 200k+ in 20 years will be less actual money in your pocket than what they sell for today.

    If you bought a new 328 in 1989, you would have to sell it today for 140K to break even which DOESN"T account for any maintenance at all. These are NOT 1971 Hemi Barracudas! ;)
     

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