Could this possibly be only worth 11 K? | FerrariChat

Could this possibly be only worth 11 K?

Discussion in 'Mondial' started by bosshog8, Aug 10, 2012.

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  1. bosshog8

    bosshog8 Formula Junior

    Mar 13, 2011
    448
    Pinelands NJ
    Full Name:
    Demetrius
    Could be a good deal for someone........or a nightmare :)
    http://newjersey.craigslist.org/cto/3114573948.html

    Hello, here is my 1981 Ferrari Mondial Euro Coupe. This car has 14,000 original miles, not 140k. The car is original right down to the tires from 1981. Ferrari red with cream/black leather interior. It has been sitting for a long time. This is a pretty rare early production euro car. One of the oldest Mondial vin numbers known in the Ferrari club. I last drove it on a trip 5 years ago with no trouble although the last inspection sticker is 20+ years ago. The car needs to be restored. It starts up and still runs fine with a charged battery. Do not expect to drive it home. I expect it would need a full service before you drive it. I have owned this car for a long time and planned to keep it. However, I am building a new house so the extra money for the house is better than the Ferrari just sitting not being used. Private owner, me. Cash Offers "Over" $11,000 will be considered which is more than fair for any Ferrari and we all know it. For that low price, there is nothing to argue over. Do not bother to make any lowball offers so save your time with silly offers, otherwise the car can just stay put. Serious cash buyers only. If you do not leave a number, I guess you are not a serious cash buyer. Thank you for your interest.
     
  2. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
  3. hank sound

    hank sound F1 Veteran

    Jan 31, 2004
    5,953
    Burbank, CA
    Full Name:
    Hank Garfield
    Sorry, I can't buy the 14k mileage claim. Why? - look at the driver's seat. It looks as if it was part of NASA's training program. :):):)

    Cheers, hank
     
  4. bosshog8

    bosshog8 Formula Junior

    Mar 13, 2011
    448
    Pinelands NJ
    Full Name:
    Demetrius
  5. JoeZaff

    JoeZaff F1 Veteran
    Owner

    Aug 5, 2007
    5,459
    Philly suburbs
    Full Name:
    Joe
    Hank,
    I have seen verified low mile cars with some bolster wear from the owners and others constantly sitting in the driver's seat and making vroom vroom sounds. However, this is another thing altogether. That seat has serious wear everywhere. It looks far more similar to some high mileage cars I have seen. The pictures could be misleading, but I share your suspicion.
     
  6. godabitibi

    godabitibi F1 Veteran

    Jan 11, 2012
    6,329
    Papineauville, Quebec
    Full Name:
    Claude Laforest
    Guys even with the mileage UNKNOWN this car look in good condition overall. I think it is worth it's 11K asking price, don't you think? Other Mondials I've seen at such low prices were in much worst condition. Am I wrong? I think it could be a very good entry car for a DIY new owner.
     
  7. WilyB

    WilyB F1 Rookie
    Rossa Subscribed

    Feb 23, 2007
    4,271
    AZ
    I bought my Mondial new from Ferrari France in 1990. When I shipped it to the US, it had about 630 km, or 400 miles on its metric odometer.

    The importer added a 3rd brake light and changed the odometer for a new one in miles. The new odometer was, to my surprise, back at 0 miles.

    Today the odometer is at 6869 miles, but the true mileage is 7269 ( a rounding error given the accuracy of these instrument on our Mondials!) ;)

    I therefore suspect that Richelieu’s Mondial is 40000 km + 14000 miles, or 39000 miles minimum.
     
  8. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    The ad states "It has been sitting for a long time.", my guess it that it's been sitting outside for a very long time.

    To answer the question, "Could this possibly be only worth 11 K?" I say yes if bought sight-unseen based on the way it's presented (low-res pics).
     
  9. Richelieu Ferrari

    BANNED

    Apr 3, 2009
    65
    Again with this car? Enough already. Nobody here wants to buy this car anyway which is a real shame because none of you even bothered to come see if it really is a good deal for only $11000, however, everyone fussed and made comments about a car they never saw.... Well it is a great deal for the money. I would love to see another Mondial selling for $11000 that is not a pile of junk/partscar. This car is complete and runs good. If nobody believes the miles, what can I do? Just open the door and smell the leather and look at the original tires. The area on the seat is from sitting around and yes, the car sat outside. Sometimes under a cover, sometimes not. What can I do? I can't kick the 340 America Ferrari outside to put the Mondial in can I? I know Ferraris just a well as the rest of you, maybe more. This is not my first or my only Ferrari. I think the last time I posted something about this car, I offered it to anyone on this site for a best offer over $10000 but still.... Nothing! Why does everyone guess in their minds, it's only worth a few dollars but if it was their car, they would be asking much more than my price. The miles are correct. Nobody showed me anything that proves otherwise. I wanted the car to have a good home so I priced it low so someone can afford to get into a real Ferrari and fix it up a little at a time as they can afford it. I don't know guys. It looks pretty good for an $11000 Euro Ferrari with one of the lowest vin numbers we can seem to find left today....
     
  10. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,012
    Savannah
    Sir, no one is meaning to be harsh with you. I myself have had 8 Ferrari's in the last few years. ALL OF THEM were like yours, needing a major service and some love to make right again. My best freind has a 3.2 Mondial coupe that now has 70,000 miles on it. Car is serviced, has ice cold AC, and runs like a sewing machine. I know he paid right around $15k for his car, as a dealer, and had to put anther $6500.00 in the car to make it nice as it is now. The issue is, he can NEVER get any of his money out of this car, as its still not worth more than $15-$17k, fully serviced, with everything working. I would consider his car, or one like yours as "we" can do all the work here on them ourselves.

    But its the way you are coming across to people here that hurting you.

    We know the car needs its wheel replaced, as you cannot get metric tires for less than $400.00 each. So a major service, all fuel hoses, all cooling hoses, all fluids and filters, Wheels from Superformance in the UK+ tires, you are talking $8000+ just to get your $11,000 Mondial up to a safe standard to use " as a car ". Is the clutch OK? AC work well? If not, that's more money and parts.

    You should look at my profile and see the Pantera, Lotus, Porsche and Lamborghini VIN numbers i have owned.

    I wish you the best with your car. Perhaps you could join FerrariChat and see if someone local to you could help you with the car so you can truly enjoy it rather than selling it?
     
  11. Richelieu Ferrari

    BANNED

    Apr 3, 2009
    65
    It's how, once again, everyone thinks they know what the car needs and how much it will cost to get the car road ready. This is not going to cost $8000 to make the car road ready. If it did, would that really make the car only worth a few thousand dollars? Did any Mondial sell for only a few thousand dollars ever? I am not looking for someone local to help me work on the car. I have too many cars and need to sell some. I can not keep everything. I did not come across wrong in anyway. However, it's getting to be a bother how everyone tells me how much this car needs and what it will cost to fix it. Think about it. Plus, some people are in question about the miles? I do not lie. This car is good for someone who always wanted a Ferrari but is low on cash and can do much of the work himself but nobody seems to understand this. I would like to see another Ferrari in the $10000 range period.
     
  12. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    I think most agree here that any used Ferrari will need a pile of money poured into it to make it right for regular driving. From the cheapest to over 100K and higher. This car looks like a fantastic deal for someone with a dream, limited money and some mechanical skill. Ferrari ownership can be realized for the low sum of 11K. I think this is the cheapest I've ever seen any Ferrari advertised, and I have seen some real disasters for higher prices. Interior didn't look shreaded, body appears very nice. And someone who is broke can mount some Volvo wheels on it with cheap tires for initial drivability tests. There are ways. I hope the right person comes along for it. I know we'd all love to watch the detailed thread where it's brought back to a DD standard. I wish us all good fortune in that happening.
     
  13. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Yes, it's a tough market out there. If I didn't already have a Mondial and if this one was in a color other than red (like Verde Tenue) then I'd would seriously consider it.
     
  14. culo951

    culo951 Karting

    Apr 24, 2010
    97
    Pataskala, Ohio
    Full Name:
    Adam Culp
    I was the guy on Ebay who would of loved to get this car if not for an idiot bidder. I was in the lead and some kid bid then couldn't buy it and by the time I got a second chance I was already into another car. This is a good guy/car and it seems to be a great opprtunity and, if it weren't for idiot people on ebay, this one would be sitting right next to my cabriolet regarless of the miles and wear. Did we forget, IT'S A FERRARI!!!!!


     
  15. godabitibi

    godabitibi F1 Veteran

    Jan 11, 2012
    6,329
    Papineauville, Quebec
    Full Name:
    Claude Laforest
    Hi everybody. I would like to comment. I understand Richelieu in what he is saying. Like PV DIRK and Richelieu I think this car is a good car for the price. Like PV said ALL used and old Ferraris need work when newly acquired no matter how nice and well kept they are suppose to be. I bought a rough project with my 308 and I was NEW to the Ferrari world but never regret it.

    I've been a member of car forums for a while, here and elsewhere. I don't know why but there is ALWAYS someone to bash and give all the negatives when a car is for sale no matter the forum and by doing this he start the war agains the car. I was a ASC McLaren Capri owner and member of the forum. These cars are extremely rare and VERY fun to own. Everywhere you go you have nice comments and when you explain what it is people ask tell WOW it must be a valuable car(expensive). Almost all the members complain about their low value on the market. But as soon as there is one for sale it is always priced to high when you read their comments. It needs this and that he will never get that price for it and on and on. How can a car get respect and value if THE OWNERS themselves always talk in negative about the ones for sale. We are supposed the be the SUPPORTERS of our cars.

    I advertised my ASC for sale at reasonable price but not cheap just to cover my cost. I tought it wouldn't sell because of the market and how they are unknown and unloved. It did sell in 3 days. Car was described honestly and the buyer did not know of the existance of the ASC cars before he read my ad. I bet if he would have known the ASC McLaren forum and read all the negatives he wouldn't have buy. He is still very happy with the car. He even spent much more money on it to make it better. Like we all do on our cars.

    How many of you would sell their complete and running car for $11K even in rough condition?

    It think it is a very strange attitude......

    We should educate people not scare them.
     
  16. Aerosoloverhaul

    Jul 24, 2012
    13
    Palm Beach Gardens
    Full Name:
    Ryan
    This Ferrari has severe rot in the rear were the lights are.
    It also has severe rot in many other places.
    It is not worth fixing for today's market values.
    It would cost far more to fix than buying a decent 20k
    car. Stay far away.
    This is a fact. Not an assumption.
     
  17. Richelieu Ferrari

    BANNED

    Apr 3, 2009
    65
    #17 Richelieu Ferrari, Aug 12, 2012
    Last edited: Aug 12, 2012
    Hey Ryan, you are still just mad because I would not sell you the car for $8000. You wasted alot of my time with your BS. I already asked you to stop wasting time and go away. You never saw or drove the car in person pal. If you think this car has severe rot, you are not a body man like you claim. To top it off, for you to come on here and bust on this car just because you could not buy it makes you no man at all but just a mean lost child. It's guys like yourself who do not belong here or at car shows. Why are you so rude and mean? Just who do you think you are?
     
  18. Aerosoloverhaul

    Jul 24, 2012
    13
    Palm Beach Gardens
    Full Name:
    Ryan
    Lets let the forum members be the judge.
    I offered 6k not 8k.
    You have not shown any photos of the completely rusted out rear section or doors,
    nor fenders. Your photos are taken from Mars.
    Come on now.
    Don't judge me. I'm just stating the obvious.
    So post the photos NOW!
     
  19. WilyB

    WilyB F1 Rookie
    Rossa Subscribed

    Feb 23, 2007
    4,271
    AZ
  20. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Info on that website:

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  21. Richelieu Ferrari

    BANNED

    Apr 3, 2009
    65
    Oh wow Ryan, that sure looks like a ton of rust........... Just look how the rear of the car looks so rusted away that it's going to fall off like you told me....... Look how totally rusted off the fenders and doors look....... They look like they are about to fall off too right? Ryan, do you really see a ton of rust in those photos? Those are not huge areas of rust, any expert will tell you this. I said the car has rust areas. Come on now. It's fine that you posted those photos. I think at least most guys will see that those rust areas are not quite the way you claim. Oh and yes Ryan, you did offer 8g after you saw the photos, not 6g....You are still just mad because you thought you found a sucker. You told me how you like to really lowball a car and maybe get lucky. Remember? It did not work with me so you are mad. Big deal. Except for those areas, this car is solid including the underbody. Why would you think you were the only interested guy I sent the same photos too? Everyone who was interested has the same photos too. It looks like you just joined this site to insult my car. Against the rules Ryan.... I still am waiting to see you find a Ferrari that runs this good for under 10g that you can drive and enjoy while you are working on it...............Ryan?
     
  22. gsfent

    gsfent Formula 3

    Nov 16, 2009
    1,101
    PB County, Florida
    Full Name:
    Jerry
    I've got no dog in this hunt, but so far, the marketplace says the Seller is optimistic about the pricing.

    If he believes it is worth $10 or $11k great, as long as he is truthful about disclosure and pictures, the marketplace will decide.

    He only needs 1 person to agree with him to make a deal!! On the other hand, if it is listed for months, and people ARE looking for Ferrari's (they are) with no sale, then the only conclusion one can reach is that the purported price is too high and the perceived value is not there.

    Time will tell.

    Regards,
    Jerry
     
  23. 328turbo

    328turbo Formula Junior

    Jun 15, 2009
    306
    nyc
    With the low res of those photos, you don't know if wear comes from use, age, or elements.
    The car is only 31 years old.
    It's so classless and really speaks to ones character when cutting up someone else's car for sale.
    To do it on a forum were ppl are pretty much face & nameless is also cowardly.
    If you were asking top dollar for bottom of the barrel, thats another matter.
    ......But that's hardly the case here.

    RF, I'm like'n those GN's in the photo! '86, '87?


    Word!
     

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