Is the 348 the new Mondial?

So... then it becomes "just a car"? (although very cool and fun to have)

 

Who cares? If you bought any high production car with the intent of making or not loosing money, then you are just a fool.

 

This

 

Who says they are continuing to fall???

 

Yeah I don't see that. In Canada at least a nice 348 is $40,000-$50,000. Have been for years.

 

I believe Mondials are beginning to go up. I know for sure, mine is !! Good 348s will appreciate right along with.

Cheers,

Hank

 

I can tell you for a fact that here in the UK 348 prices are on the rise.

8 months ago you could pick up a top condition 348 for @ £28K. Today you need to be spending @ £33K~£36K for a similar car!

 

Making rounds of the forums throwing grenades in the fire, are you? This grenade's a dud.

 

Are you serious?

 

Anyone have a nice 348 for $30 K. I could use another one.

 

+1
Total troll

 

Me too. Heck, a nice 348 for 30k, I'll take two...

 

Sign me up for a $12k Mondial and a $30k 348...

 

The whole, "Just because people ask X dollars for a car doesn't make it an X dollars car" is not necessarily true. We've seen it happen before.

The looks...well, maybe they aren't appreciated by some folks in the Ferrari world, but I assure you they are widely appreciated.

 

Yes, it is. 348's and 355's are rising around the world but not as much in the States for some reason. It will happen here in short order, just wait! Not selling my 355 anytime soon.

Anybody remember when E30 M3's were considered ugly, slow, and basically a joke? You could buy a mint one with low miles for $10k in 2000. Try that now, you're looking at $40k
at least, going up steadily and quickly. It's still just a slow, ugly BMW that has a lot of kitsch and racing history... Never should have sold mine, even though I sold it for 50% more than I paid! Oops.

 

Sorry Russ not the case in Oz....Here the 348 is actually holding and/or going up (depending on condition) to a point where they are crossing over with 355 and 360 prices....see recent posts in another string (348 vs 355) below. I'm confident I could sell my car for around 5-10K more than I paid for it 5 years ago (not that I'm looking to or care about making money from it).

Quote:
Originally Posted by Steve355F1 View Post
With respect, that is not quite true.

Analysing all the 348s, 355s, and 360s currently for sale in Oz shows:

348: Asking $80k to $115k. Average $95,000 (that is discounting the very rare and valuable GTC)

355: Asking $105k to $152.5k. Average $135,000 (that is discounting the ultra low mileage car in Adelaide I mentioned earlier)

360: Asking $95k to $150k. Average $120,000

This shows that the average asking price for a 355 is more than 40% greater than a 348, and 12% greater than a 360.

I would venture that there is a similar pattern in the UK and other RHD markets.

A reasonable conclusion may be that the 348 and 360 represent very good value for money!

Quote:
Originally posted by Reddesire View Post

The one thing you fail to mention here is that I was comparing average to good which I mentioned in my earlier post.

Using the figures you have kindly supplied, assuming an average car would sell at the average price or below and a good car would sell at the average price or above then an average F355 would sell in the range of $105 - 135k and a good 348 at $95 to 115k and accordingly an average 360 would sell at $95 - 120k.

Based on this I would suggest that my conclusions on the current Australian market for 348, F355 and 360's are, in fact, pretty much spot on and supported by you own numbers. It also shows that the much maligned little 348 which is really punching above its weight category here is doing pretty dam well all in all !?!?

Of course the other issue here is no Ferrari ever sells for the asking price. One may want $152k for his/her 355 but will they get it. It would be very interesting to compare actual sale prices as opposed to asking prices !?!?

 

I like mondials and 348's. They are both pretty in person and very unique cars in a limited landscape.

People are realizing that there is only a finite number of unique cars to be excited about now that the automobile is moving to a self driving social media hub.

It seems that there is somewhat of a goldrush to get a car you like while prices are reasonable. That's why prices are escalating across the board on older 911's, e30 m3's and others.

The only reason for me not to have bought a mondial was that I could afford a 328.

The only reason for me not to still have a 328 is that I can afford a 355...

And it keeps going.

Robb

 

The 348 being below $40k (see ebay for prices) isn't a bad thing. Using the one ebay Black/tan Texas car that originally sold for $24k as a global statement is incorrect. Its an outlier.

Everyone constantly uses Australia as a great example why 355 and 348's are so highly priced. Its a ridiculous comparison to make to the US. Here's why:
1) Import nubers. How many were imported? If there are less than 1000 in the country, where there are equal numbers of 348s and 3 times the number of 360s. Well.. supply and demand within Aus to explain the price numbers above. Consider there are 27 355's on the US ebay right now. There are 0 in Australia. 4 360's on Ebay ins Australia, 64 in the US. For a Country with about 23 million people vs. US 318 million, there aren't many for sale proportionally.
2) If a 348 is $40k here.. why wouldn't I import it to Aus and make a killing? Because importation duties and takes are in part what leads to Ferraris being priced double in Aus.
3) Cost of maintenance. Here a engine out is $5-7k. If its $1500 USD equivalent, of course it won't be factored in the selling price or the cost of upkeep, thus the selling prices will be higher. Just like 430's with their chain drive.. you don't have to factor in belt replacement and the prices are thus higher.

A silly comparison to bring up the Aus numbers in any comparison to the US. I don't mind that 348 prices are low.. I hope they stay that way until I get one.

 

Plus, some seem to forget that Australians are limited to vehicles with RHD, which reduces the supply significantly. So, like you say Curt, a ridiculous comparison.

 

Please someone! Tell me that I'm not the only one that payed the asking price.......

 

Probably...but that's OK. Research shows that the closer to asking price that customers pay the happier they are with the purchase process.

 

If the price was reasonable based on the product, its market and the buyer's desires then, sure, why not?

 

I'm quite worried about prices rising before I can afford one, making it a moving target.

The 348 has had some undeserved kickings in the past and I think it's reputation is more than recovering. People are realising it was one of the last truly great simple and raw analogue production Ferraris. Before I say too much that might drive the price up even more, I'll stop there...

All the best,
Andrew.