Yet another 3x8 price thread! | Page 2 | FerrariChat

Yet another 3x8 price thread!

Discussion in '308/328' started by davew, Jul 29, 2014.

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  1. Yo328

    Yo328 Karting

    Jul 26, 2014
    181
    Brentwood CA
    Full Name:
    Yoram Limor
    Looking at a 88.5 328 with 26,500 miles for $50K. 2 owner. Was a museum car and current owner has been driving it and done recent major service. Has all tools and service records. Seems like a good deal. The museum part in its early life is a worry but all service is up to date and current owner says car is solid and has put 3K miles on it in the last 4 years. Any thoughts?
     
  2. furmano

    furmano Three Time F1 World Champ
    Silver Subscribed

    Jul 22, 2004
    31,915
    Colorado
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    Furman
    I know it's been a long time coming but the rise in values is real and the old prices probably aren't coming back. The same thing happened to the Boxer. Not loved, not loved, not loved, and then bam, loved.

    As Bullfighter mentioned, when everything else around the 308/328 (and the Boxer for that matter) went to $250k+, (more like $300k+) a $40k 308/328 (in good condition of course) didn't make sense anymore.

    -F
     
  3. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,421
    USA
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    Max
    What holds these cars back from being real appreciators will always be the new models. Unlike 911s where the aircooled cars came to an end in 98.

    While I personally would prefer a very nice 308 v a very nice 360 very few others would. A 360 offers most everything a 308 does with modern safety etc. AND its fast vs the 308. You could travel long distances in a 360 with little fear of a break down. Its a modern Ferrari.

    360s with MTs are selling in the $50s...Spiders in the $60s-70s. Until those cars level off in terms of depreciation there is a natural ceiling on where 328/ 308 values will go.

    A boxer was Ferrari's ultimate car in the day not their bread and butter car like 308.

    I won't pay more than $40k-ish for a very nice 308. I am a real buyer who is actively looking. I can't rationalize more than that because for slightly more I can get a significantly 'better' car that offers the same overall experience.
     
  4. Brian Harper

    Brian Harper F1 Rookie
    Owner Silver Subscribed

    Feb 17, 2006
    4,078
    San Jose area
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    Brian Harper
    #29 Brian Harper, Aug 2, 2014
    Last edited: Aug 2, 2014
    But when it does break you are far more likely to be screwed. That car has way more computers, sensors, electronics, etc. that the 308 lacks. Right now the 360 is more reliable perhaps, but in 10 or 20 more years? How long until that high tech stuff is NLA? Then what? And the 3X8 is made up of plain parts - hoses are just hoses, not specialty molded pieces specific to that model, for instance. It is easy to buy generic parts at the downtown Podunk Napa store a drive on with a 3X8. Stone simple has advantages in the long term.

    Better at what? A Camry is more reliable and has a better record of reliability and just as quick and costs about the same. Perhaps you should look at one of those? I'll bet you had all kinds of Camry posters on your bedroom wall when you were a teenager. Yeah, I've been waiting forever to buy a Toyota.

    OK, not really. I've wanted a Ferrari. And a Porsche/Lotus/Corvette/Mustang/Caterham/Fiero rebody/whatever won't scratch that itch. And for that itch there is nothing more accessible than a 3X8.

    Nothing is better at being a Ferrari than a Ferrari. And right now nothing is better at being a "cheap" Ferrari than a 3X8. (But the 348 is closing in.)
     
  5. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Good price, I'd buy it.....
     
  6. greg 19425

    greg 19425 Formula 3

    Jan 6, 2011
    2,471
    Wake Forest, NC
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    Greg
    so I hope I get this right, what your attempting to say is a 550 (the ultimate car in the day) not the 360 bread and butter car? One thing you might like to know is that the Boxer was not brought into the USA when new. There was no car above the 308 here in the USA in 1976. :) Glad you want to get a 308, might want to hurry............:)
     
  7. jsa330

    jsa330 F1 Veteran
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    Oct 31, 2003
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    75225
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    Scott
    Try finding a set of curved dash vents at NAPA, or anywhere else for that matter...
     
  8. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
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    Bubba
    Verrell has them, and they are 3D printing them, in Europe...need some?

    You should just keep your car.....

    The ROUND vents are NLA though.....very valuable, I don't even TOUCH mine!!!!
     
  9. jsa330

    jsa330 F1 Veteran
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    Oct 31, 2003
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    Scott
    I got a very nice replacement set from an Fchatter in Australia - been a couple of years, don't recall his screen name.

    99% sure that the sale of my 308 will be completed on Monday.
     
  10. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
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    Bubba
    Congrats!!!
     
  11. jessup

    jessup Formula Junior

    Apr 26, 2014
    403
    Santa Clara CA USA
    Full Name:
    Jessup
    To me the carb 308 was the last "classic" ferrari. The curvy lines, toggle switches, manual steering. It feels like you are operating a machine when driving. Newer cars just don't give that sensation. When it comes to looks there is no comparison. A 360 isn't bad looking, but it doesn't draw me in, no soul.

    Lot of talk about high prices. I wanted a early GTB and any decent example under $50 USD was gone in days (some in hours). I'm new to Ferrari's but from what I've seen the hype is real.
     
  12. Brian Harper

    Brian Harper F1 Rookie
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    Feb 17, 2006
    4,078
    San Jose area
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    Brian Harper
    His point was he could drive long distances in a 360 vs. a 308. I have driven the 308 all day with not only one but TWO cracked curved dash vents and I have to say it didn't detract much from the drivability of the car. The 360 will have its version of the curved dash vents. And someone will print them up. Time will tell how available the computers, sensors, air bags, seat motors, HVAC system, F1 transmission parts, etc. will be over time. On the plus side Ferrari made a bazillion 360s so there should be demand enough for the parts for some one in the aftermarket to step up.

    Disclaimer: As someone who has a VW with a check engine light on that has been to four different VW specialists that haven't been able to turn it off even after spending thousands of dollars, I am, perhaps, a bit overly skeptical of those new-fangled computerized cars right now.
     
  13. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
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    Bubba
    1976 #20405 is running, and off for Inspection and Title.
    I did that, just to show the tire kickers muttering about "ful restoration required, here"...
    It's going to come out of the Paint Booth the original blue.

    Then 1977 #22641 is going in.

    I think $50 - $60K on the early steel cars is today's market.
    Maybe more after Monterrey??
    Look at the nice 1979 GTS on eBay from Houston right now.

    No 308s at all at auction, are there?
    All the 'glass cars are tucked away tight with new owners, looking towards the future.
     
  14. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
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    David Jones
  15. shmark

    shmark F1 Rookie

    Oct 31, 2003
    2,968
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    Mark
    Not true. Ferrari wrote the book on older cars being worth more than newer cars. By your reasoning a 348 and 355 are better, and yet 308s are regularly going for more than those. Oh and some are comfortably exceeding 360s too, so the idea of another dictating a ceiling doesn't wash. The market dictates the ceiling, and right now it seems to be rising.

    And here's the problem. You're still viewing a 308 as "the older model" which is rightly worth less than the newer one. Problem is, the market has started to perceive them as classics which has a completely different valuation, and nothing to do with other models. They are right in that inflection point between old and classic, and it certainly seems they are tilting towards classic status now.

    FWIW I love the 360, and really hope to add one to the garage as a semi-daily driver soon. But my 308 isn't going anywhere.
     
  16. greg 19425

    greg 19425 Formula 3

    Jan 6, 2011
    2,471
    Wake Forest, NC
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    Greg
    Dave, looks like you sold your project? Good for you. :)
     
  17. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
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    David Jones
    Well that was quick!
     
  18. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,421
    USA
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    Max
    I do agree with you in that the 308 is starting to be respected as a potential collector car. Glancing at the Hagerty valuation widget they do show a modest increase in value over the last 12 months or so.

    I also agree that its just plain odd that 308/ 328s have flat lined in terms of appreciation during what has been the greatest run up in collector car values.

    As I previously stated I would prefer a 308 vs a 360.

    Little real world market data for you. There are many 308s for sale if you do a little digging. I cold called dealers and most 'knew of a car'. So, don't assume what is on ebay etc is all that there is. The challenge is finding a previously owned and loved example vs just another used up 30 year old car.

    to the comps..

    Very nice seller on this site just sold his 308 after having it on the market for nearly 6 months. I didn't get a chance to see the car, but it appears to be a good example with only a few needs. Major service being the big one. He sold it in the very low $40s. 83/ red-tan with less than 30k for reference.

    2 other 308s sold in the last 30 days that I was passively following. Both sold were red/ black. I had one inspected and didn't bother with the other. IIRC the miles were in the 30s for both. Both had starting asking prices in the mid-high $40s and sold in the mid $30s.

    Was offered a red/ black 85 with $48k with oddly..40k on the odo. The very well respected sellers rep and I agreed that the sellers asking price was a little ahead of the market and a market correct price would be $40k. With that kind of difference between market correct and asking I didn't bother having the car PPIed.

    I am now working on a 83 in the midwest with an asking in the high $30s. Red/ Black with less than 30k. Hopefully this one works.

    Ideally I would find a 84/85 QV red/ tan priced for this market.

    There are 3-4 308s for sale in the 50s and 60s. I personally know of no sold cars in that price range. Early glass 308s aside.

    Hope all of this real world (not speculation based) market info helps others on the hunt.




     

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