Current Testarossa Values

I don't understand this sell-it-because-I-love-it perspective. I drive my Porsche 356 whenever I feel like it. It was restored once, had a couple of strong showings at major concours, and can be restored again if needed. It's one of my bucket list cars like your TR was for you. I hope I put 100,000 miles on it and wear it out for my heirs. Whatever breaks is fixable, and no one cares about the odometer.

My only fear is soccer moms texting in SUVs, but that's another story...

 

I assure you I am not. I have met quite a few in the TR brotherhood and love the car. I have every right to have an opinion on what the car and market is, just like everybody else does, and also respect everybody's opinion on here. I have never incited a dispute nor want any part of one.

 

Not trying to add flame to the fire but Brad Williams, where are these 55k Testarossas you are talking about? If you can point me to their direction I will gladly pay you a finders fee. I wouldn't mind having a spare Testarossa at that price. I'll be standing by with cash in hand. I have a feeling that I'll be waiting forever for that price. But just in case I'm wrong please feel free to pm me with the list of the cars I can choose from.

 

I understood that's what he was implying but I couldn't help myself and had to ask! I agree with you 100%. I think prices will get to the top and scale back but never that low again like a few years ago. That's my opinion also. My actual opinion is less time spent on the value discussion and more time behind the wheel!
Btw, BradWilliams already pmd me. There was no list of cars

 

Well, if nothing else this thread shows how much love there is for the Testarossa!

Whether it`s talking values up, talking them down or just trying to give a fair view for interested people - the fact is everyones`s talking about them!

If no one cared, no one would even post on here - but it`s the exact opposite....


To an 80`s kid (and plenty of other ppl too), 30 years later it`s sill the most iconic Ferrari ever!


Dom.

 

If I could do it again I would have bought a driver quality car with mileage that was a little rough around the edges. Maybe then I wouldn't have felt the pressure to keep her in that original time capsule bubble. The first year I was carefree and enjoyed her, but I had a couple of close calls and soon my sphincter tightened and I became a custodian.

I wish I shared your mentality...but I could never get there and after a few years of obsessing over this childhood hero sitting in my garage I decided to move on...

I love driving...I love cars.... The MGB reminds me every day what it means to be an enthusiast.... I ultimately decided it would be better to have something to compliment the MGB and fill the gaps when using the MGB would be unrealistic than to spend that time in the garage with a q-tip and leather conditioner.

 

Joe, Some people love keeping their cars as show cars only. Michael is that type of owner and he drives them occasionally as well. But when I hear people say they want to drive their car, but it is too nice, it's nuts IMO. I like driving a nice car, not a mess.

Shamile, they are all replaceable. People are flogging 60s GTOs and they are also replaceable.

 

Got it. Yeah, I think the mileage thing is a lesson learned (then forgotten, then re-learned) for me as well. That may be the best reason to (a) go vintage, where mileage isn't generally a concern, or (b) get something that has >30,000 miles on it already, or (c) get something easily repainted. A pristine TR might cause heartache on all three counts.

An MGB (I had one in college) definitely is an enthusiast car, and they're not terribly hard to respray or retrim. I am fastidious about my cars, but I'm done with trying to preserve something in like new, original condition. The guy who trimmed my 356 interior is 10 miles from my house - so, I'm careful not scrape up the seats, etc., but worst case is a few thousand bucks and they're back to looking like new again. THAT is the liberating part. Not staring a time capsule car that I somehow feel I don't deserve to drive.

 

It the cars fall back in some time, this is what you can still use them for
Image Unavailable, Please Login

 

Thanks for the comments Wayne. You analysis of what I said is exactly what it is. Nothing more, nothing less.

My gear-head brain thinks EXACTLY like yours. I think that many of the cars will come down in the range that you have predicted.

However, my logical brain tells me otherwise. Any bubble that is driven almost entirely on speculation ALWAYS resets to the previous levels. Many times it actually dips lower than the starting point. Time will tell. I personally enjoy talking about the cars for what they are. The way they look, feel to drive, and sound. Not bitter about selling my car. Any bitterness I have is attributed the fact that the culture has become inundated by people flipping cars. People who have no appreciation for them and just want to make money. It is turning me and alot of other long time enthusiasts and would be enthusiasts away from the brand.

A friend of mine invited me to Monterey next month for some events, as I am the biggest car-nut he knows. I told him I have zero interest in going. I don't want to sit around a bunch of special cars, and listen to a bunch of people jabbering about which car is going to be next in line to appreciate. That's not fun, and that's not what the hobby is about. And until these people get their heads knocked off financially, the car culture looks like it will sadly continue to suffer. The purchase of a Ferrari does not come with a certificate that states (20 percent return guaranteed in two months).

 

On man, can't wait to see what happens to this thread (again) when Hagerty updates their valuations (again)! Should be soon, no?

Sent from my Nexus 10 using Tapatalk

 

Test pipes $350, Gas $20, Dinner $40 having people honk at us with thumbs up while driving last night.....priceless.

I really wanted to get a condo in Florida for cheap in 2012. Prices are up 60% so im out. It doesnt matter why prices are up today (investors, speculators, cheap interest rates), it is what it is. If I want to play, I gotta play. I can sit around all day hoping the market will 'correct' to my previous 'correct' price point.

The recent jump in TR values caused me to A) Adjust the insurance value to reflect the replacement cost, B) Find better parking spots, C) Look for a 911 to add to the 'fun car' lot and D) Spend more time correcting the littlest of things. As of right now, she would sail through the toughest of PPi's. Any future maintenance is truly preventative.

I bought this car (my second TR) because It checks off every box on my want list. The list of replacement cars is short (599 or Aventador). Thankfully the 599 scares me from a maintenance standpoint, and im not a player in the $400k car club. So no change in the Italian line up any time soon.

Joe, I think the Haagarty graph will shallow out to a 45 degree climb from a 80 degree climb.

 

Your agreement with el Wayne is nothing but nonesense and a smoke screen on your part - el Wayne uses facts to back his claims and his discussions, unlike anything you have been saying or posting since you sold your car.

Dino's were 70k and bb boxers 100k for the longest of times , now with their price curve people like you continue this embarrassing rant of "bubbles" when there is less of those cars today listed for sale at the sky rocket prices then when they were sub 100k cars - how's that for some facts ! Less of those cars listed today at triple the price than a few years ago . Imagine that one.

I got a news flash for you and others praying for this crash/bubble burst - the high earners that have skin In the game will unemploy your sister, aunt, cousin before they unload such a car for 30,40, or 50 percent less than they purchased - which would either cause people like you to help them out, or they move in with you , and we all know how well that will play out if you ended up buying a Ferrari as opposed to helping them get back on there feet.

Have fun hoping/ dreaming , and slamming the dealer network for holding strong on a few cars while continue to post on fchat your grievance of pricing as opposed to getting a better paying Income so to afford a car that wasn't rebranded/re titled

Not a fan of negative people like you wishing / hoping for the demise of others and finding pleasure in it just so you think you can be right .... Good luck with that one.

 

Could you be any more condescending???

You don't know my financial situation. My income could be 50x what yours is. Why go there? Unemploy my family?? Who are you?? Go measure your ego somewhere else. I gave a post on what I thought a car was worth. Every one of your posts aimed at me has been based purely on assumptions you have made without ever speaking to me personally or meeting me, along with getting personal and spewing venom. I'm not going to do the same back at you, as I have nothing to prove to you. Also, I have backed up what I've said with facts before, I'm not going to be redundant.

 

Sorry , Gotta come out and say it..
"Egotestical Dickhead of the year award!"
C'mon now.......We all know better than to talk like this.
I say permanent Ban!!!!!Yes Yes Yes...Ban Ban Ban !!
Live by the law....die by the Law!


On 2nd thought..This thread 79,000 views...I say we capitalize on this...remake
Rob Lay as Moses...
chairman...as Dathan.. Edward G Robinson
El Wayne...Jason the stone cutter..good perks on this..you get Bo Derek...
who else wants in???..Ramses anyone?
https://www.youtube.com/watch?v=Id6oS3L-D9A

 

Come on guys.

 

Guys,

Just two years back we were all friends here helping each other and most every post found was about how do I fix, help or best of all the drives and gathering posts.

Amazing how money can change our mind, our soul and separate friendship.

Back then TR ownership was never a wow it is gone up in price. It was a wow that is a beauty, wow nice color combo, wow how clean it is, wow great pictures and list goes on.

Examples of such is what inspired me to keep ownership, be proud owner of something unique and not something that was worth 150K.

After 35,000 mile driven in 7 years that dream shattered by my accident. You see it didn't matter what the car was worth after the accident, what mattered was I was no longer able to sit down and drive her.

When I sold her, I had no regrets and I still don't. The car was offered back to me several times before it last sold and I didn't buy it back. Yes, I saw the values going up but I was not going to buy the car back for that reason only as I already had the money working for me.

When I sold her, she was replaced with a Jag XJ Super Charged. I invested the funds in real estate deal and done well enough to buy back two TRs at today's prices.

What's the point??? For me watching prices go up or later come down does not matter.

When one sells a TR, he sells his dream and it took me a long time to realize it. Stop talking about $$$ values, and start talking about the love of ownership behind the wheels.

TESTAROSSA LOVER and my user name will never change!

 

Love that picture, thanks for sharing!
HM

 

There is no doubt in my mind that you are most likely a great and like able guy in person. I'm sure you have plenty of friends around you.

But your constant "mission statement " about prices, bubble etc is no longer an assumption on anyones part about you. It's a fact , you are OBSESSED with this endlessly throughout fchat threads - just get over it and move on !

So serious question - when you and Mr Chairman had brunch which one of you told the waitress you found a hair in the food and requested a free brunch ? Be honest

 

I don't participate in degenerate activity such as demanding free stuff on a whim. I leave that to the Obama-bots. However, I do find this bubble to be fascinating, as it is the first time that I've spotted one as it is expanding and getting ready to pop. I was too young to understand this stuff when it happened in 89. This is not an obession with the car market, it is a curiosity about human behavior. The fact is nothing goes up 350 percent in 18 months without the price getting manipulated or the supply running out. The only way this could have happened is if somebody literally threw dynamite into the cabins of all of the 308s, TRs, air-cooled porsches, etc., hooked them up to a single charge and then obliterated them from the entire planet. Leaving only a small number of them left. Since it is safe to say that this did not happen, then I find it absolutely mind-boggling that smart people can believe that a 350 percent increase in 18 months on is rational and sustainable. Especially when the asset produces no yield or cash flow. And do I wish ill will and negative outcomes for people? Absolutely not. Do I have any sympathy for the people who started flipping cars in the past year? The ones who will be left holding the bag when the air escapes? No way. They let their greed overshadow their reason and logic, and are going to get what's coming to them.

Again, all I did was state an opinion on what a car was worth, and then explained why after I was asked. If you don't want my rationale, don't ask. If you don't like my opinion, disregard it, disagree with it, do as you please. Or you can continue making the childish comments.

 

And yet all you do is troll on every thread from Countaches to Dinos to TRs and everything in between talking about overvaluation of prices. See the irony?

 

It's not the cars themselves, it's the behavior, as I stated earlier. I'll tell you what, I won't post a word about values until it's over. Heck, I won't even gloat when it really hits the fan. If Big_Red wants to bet the box of cusano 18s that this thing doesn't crash and burn by december of 16, I'm game. I'll gladly send it with a note saying "My Ferrari knowledge sucks." I'm no sore loser. But if I'm right, then I get a box of Cusano 18s and an apology for getting personal.