What do you guys know about this car?

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=250713977813&ssPageName=STRK:MEWAX:IT

 

There were two wrecks. The current owner had a mishap in the front that was repaired by the local Ferrari shop, so it was done right. I talked to them. The first wreck was fixed by the owner that bought it after the crash, so I have no idea.

It does appear to have a 348 steering wheel and no airbag. It is also due for a Major (time not miles).

What scares me is that I am asking alot of questions and now "I may not be the right buyer for the car".

 

What if you buy cheep and sell for the same cheep price later and the car has no major problems? If you buy a salvage title car for salvage title price and sell the car later for salvage title price, what are you going to lose over buying a clean title car? The same things can go wrong with a $65k car while you own it that will go wrong with a repaired car.

 

Your not going to get any more for your clean title car just because you repaired it either. The value of the car does not change if equally maintained. Salvage car will still be worth salvage price and clean car will still be worth clean car price. You can't "repair in" more value to any of the cars. You can only devalue them by not maintaining them.
I see no problem with a salvage title car as long as you bought it at a salvage title price and it has no problems other than words on paper.

This was not even the point of this thread. I just want to know if anyone knows any history on this specific car.

 

No, I am still looking for a first. Honestly I am about to just give up. It's a pain and reminds me a lot of Russion Roulette I have always wanted a Ferrari at least one time. It's on my bucket list of cars to own before I die and I am through everything American, Japanese, and European (minus Italy). The only thing left is a Ferrari and a Limberweeny (as my dad calls them LOL).

 

No, this is an incorrect statement. I would not be prepared to spend another 15K and would not expect to have to.

I would have at least the motor checked out, unless it was close enough for me to check it out myself. Anything else I am not worried about. I can do any body work, fabrication, interior work, or mechanical work myself. The price just needs to reflect the condition of the car. I would not buy it if I thought I needed to spend $15K on it, I would wait for a different one with a good motor or buy a totalled F360 if I was going to spend any more.

I am not your average "Ferrari guy". I don't pay dealers or any other shop to work on my stuff.

If you doubt what I can do, see the attachment. I turned that heap of rusted out British junk into this:

http://www.cardomain.com/ride/3864482/1970-austin-mini-union-mo-us

I did everything myself in my own shop including the upholstery, fabrication, electrical, welding, body work etc. That car has about 2000 hours of my blood, sweat, and tears into it. This is just one car I have done.
I have been building custom cars, motorcyles, ATV's, and watercraft for 20 years. I have rebuilt some totalled cars as well. In fact I restored a Viper GTS that had the front wheel in the passenger floorboard, and the average joe would never know the difference when I was done.

Anyway, enough of tooting my own horn.......
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I don't know. I made $15K on the last Viper I rebuilt and sold with a salvage title. I drove my last daily driver for free for 2 years because it was hit in the door and I fixed it. I repaired a wrecked Corvette and saved myself $5K (it took a weekend). I fixed a couple wrecked motorcycles drove them for a year and made money when I sold them. I have been doing this for 20 years since I was 16.

I never had a problem selling any of them because I am honest. I don't try to hide anything and the people know what they are getting. I also do awesome work. I don't cobble crap together.

I will fix my cars up and let you guys pay retail

I have bought lots of damaged and neglected vehicles. I never had a problem reselling them and I saved a crap load of cash over the years.

The only new cars I ever bought were a Lotus Elise, a Dodge Diesel Quad Cab 4X4, and VW Jetta Deisel. I just couldn't find acceptable used ones in these cases because the ones I wanted were too new. All those added together I lost 20K from what I paid new.

You always lose money paying retail on anything.....

The only thing that scares me on these 355's are the motors. Even if you buy a perfect pristine one, the motor is no different than one that got wrecked at one time. I am not sure why everyone thinks a previously damaged car is going to have some magic curse that makes it break down more. It's rediculous.

 

I am not sure what you mean. The cars I am looking at are complete driving cars. They don't need parts. The parts on them are just as good as the parts on any other car, so there is no reason for them to be bad any sooner. This makes no sense.

People rebuild salvage exotics all the time. Seems kind of wierd how you can't rebuild a wrecked Ferrari, yet I have found plenty of cars that were wrecked magicaly back on the road.

I never asked for any advice about rebuilding a wrecked car. I think I know what I am doing in that department. It doesn't even matter, because this car doesn't need anything. It may have some wear on the seat bolster and some pulling leather on the dash....Big deal, I can fix that and never buy a Ferrari part.

I wonder how much advice I am getting here from people that have actually built as many cars as I have? I know how to source parts, even for rare cars. It just so happens these cars do end up in salvage yards, and not all parts need to be replaced, they can be fixed.

Like I said, I do not need any advice from people that keep dealerships in business. I just wanted to know about the car I asked about. All these posts are useless and waste time.

I think some people are mad that they can't sell their money pits and all the salvage title cars are selling like hot cakes LOL.