Time to sell my 1975 308 GT4. what it's worth?

I think a major that's 4 years old is another problem. It's due, regardless of how you look at it.

 

So start it at $24k and take offers... I think it's time we stop beating our own cars down. If we want to pick apart an obvious disaster on eBay, fine, but to perpetually have our feet on the necks of our own cars' values by deeming anything short of a 95-point car a "parts car" is ridiculous.

 

I really have no basis for suggesting a price. The only thing I have to add is to market in CA. A 1975 is the last year of smog exempt. It will be an easier sell in CA than a 76 or later. There is a small market of people who are looking for a 75.

Restoration will put you upside down to sell. Sounds like a nice driver.

I'd love to see some pictures. I'd love to own a gt4 but sadly I'm not in a position to be in the market.

For me, the miles are what they are, I don't think they will hurt the value of your car given that it needs paint and some rust repair. Sounds like it would be a great weekend driver for the next owner.

 

Agree, post a few pics. Had a Series one USA spec 308 gt4 Dino and a Euro 208 GT4 Dino.
( yes "208" )

edit: as i can never remember to look at my vin's in my own profile: 308GT4: *09362*, Euro Dino 208 GT4 *13648* ,

 

Yes, no way to say until we see some photos. However, I would say your price range sounds fair to even a little low. Does the car have US or Euro bumpers?

 

Yup, drivers, (that really drive) should be in the $25K area. Post pics...

 

Exactly.

 

Where are you moving? When I purchased my car all I had was a carport at home so I rented a 10x20 storage unit and it sat there when I wasn't using it. I heard this is fairly common. I heard a story of a fellow who had a bunch of these units. He would drop one car off and pick up a car he wanted to drive for a while. He would cycle them out. If you have family classics you can't get rid of but don't use often, they might be eligable for the storage unit and the gt4 might be in your garage. When we don't use them we can forget, but what you have is a special car and from the drivers seat is reported to be one of the best 308s for driving and handling.

I even asked my wife just now if I could buy another Ferrari if it ran well and was at the bottom of your range. I got the answer I expected

$17K is a project car IMO. I agree with the $25K. There aren't too many of these that are on the market at any time, but as with all the cheapest Ferraris, it's hard to move them unless we drop prices. Might take a bit of time to get $25K but it should be worth it.

 

I think therein lies the the issue - "it's hard to move them unless we drop the prices." There are too many "distress sales" happening over the past 4-5 years with the economic downturn. At the entry level of the F-car market, people were finding it hard to justify the $35,000 hole in the garage that needs $2000-$5000 infused every 5 years, so prices came down (or stayed down, in the gt4 and Mondial segment). If people could just collectively agree that these cars ARE worth more than current "low market" selling prices, set their asking prices accordingly and wait for the right buyer, I think we'd have something - not necessarily a run-up in prices, but at least a steady *appreciation* in value.

 

25k

 

In business, that is called collusion and it is illegal in the US. It would apply to car dealers as well. In private sales, there is not enough information flow among the seller to collude, but the idea of every seller agrees to a higher price lacks the essential part of competition.

In practice with private sales, there will always be that seller who must move it because ... divorces, loss of jobs, medical issues, loss of interest, cheating husband (saw that), interested in something else, or pure ignorance such that there will always be someone that will sell it low and thereby set the low market points.

 

Pictures??

 

you have said it as well as could be said!!!

 

lol...i am quite certain a few 308 gt4 owners agreeing that they should not fire sale their cars and attempt to derive a bit of upside will fall well below the collusion test...lol.

 

But there is a difference in having a car available for sale, versus being in wanting to / have to sell it position.

Sometimes its best to sell the car for what the market will bear and move on.

Winter time + economic post election uncertainty has certainly curtailed my spending until i get a feel for my future employment situation and the state of the economy. 1st quarter 2013 is going to suck.

 

The problem with this car as far as resale goes is the metal.

A little "Bubbling on the bottom of the doors" means a bare metal respray with (most likely) substantial welding to replace rusted metal. I can't imagine any halfway reputable shop touches this job for under $20K.

With clean rust-free cars trading in the low $30s it makes these types of cars difficult to sell.

There are always people who will buy into the Ferrari dream with their eyes closed, so there's a $22,000 buyer for ANY Ferrari...

 

Unless you're in the business those kind of discounts don't apply to Ferraris. Also, even the most famous of car flippers (Wheeler Dealers) had to do a full repaint on their GT4. Only a rust repair and touch-up was previously planned.

 

I think you could properly fix the rust and flash in the paint, personally.
That's how they fix damage in the Real World...


I'd like the wheels, if they don't go with the sale.

We are going to miss you (even if we have not SEEN you, in awhile!!)