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Fair Price

Discussion in '308/328' started by jim94-348, Nov 11, 2015.

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  1. Dino246gt

    Dino246gt Formula 3

    Mar 26, 2007
    1,035
    Winnipeg, Manitoba,
    Full Name:
    Dennis Ezmerlian
    I also LOVE Prugna, and on a GTB qv, most excellent!
     
  2. miketuason

    miketuason F1 World Champ
    Owner Silver Subscribed

    Feb 24, 2006
    15,783
    Cerritos, CA.
    Full Name:
    Mike
    #27 miketuason, Nov 12, 2015
    Last edited by a moderator: Sep 7, 2017
  3. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    #28 jim94-348, Dec 6, 2015
    Last edited by a moderator: Sep 7, 2017
  4. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
  5. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    #31 jim94-348, Dec 6, 2015
    Last edited by a moderator: Sep 7, 2017
  6. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,455
    San Carlos, CA
    Full Name:
    Mitchell Le
    What it has going for it: GTB.

    What it has against it:
    Rough interior, $10K
    Rough engine, $10K
    Driver exterior: $10K

    So, if the GTB with everything done is $80K, then this is $50K.

    Good luck. I would not buy it for myself. It is not worth my effort, but someone else would.
     
  7. Imperial Stormtrooper

    May 7, 2014
    148
    Far, Far Away
    Full Name:
    George
    A year ago, when I was shopping for my first F-car, I wasn't interested in prugna, but if I were looking for a 2nd car (I wish!), I would. It's a beautiful color, but I think it's a color that primarily appeals to those looking to add to/diversify their collection of F-cars.
     
  8. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    What about mileage? At 73900 miles do you see this as high mileage? I own a couple Testaroosas and 40k is currently considered high there.
     
  9. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,312
    Montana
    Full Name:
    Kim
    $48-50k. This also appears to be a Euro GTB? If that's the case I'm going to say $55k
     
  10. Foster

    Foster Rookie

    Sep 29, 2014
    28
    Purley
    Full Name:
    David Foster
    I have a 93,000 mile 308 GTB in Verde Medio. I personally prefer a higher mileage car, that has been regularly used. They drive better and you can drive them without worrying that you are devaluing your investment.

    If you consider that a buyer of a sub 20K mile car becomes an investor not a driver !
    I had a low mileage Dino and only drove 4k mile in 14 years, stupid !

    A rare colour like prugna, will I am sure be a wise investment and it looks great.
    I would value it at $45k as you will have large investment to made in restoring it and there could be serious unforeseen issues.
    Good Luck
     
  11. Steve King

    Steve King F1 Rookie

    Feb 15, 2001
    4,367
    NY
    That would be my thoughts too.
     
  12. John M

    John M Formula Junior

    Nov 18, 2004
    887
    Kentucky
    Its running correct? Its a euro GTB QV in a rare color with realistic mileage. This car looks like it would clean up nice. If you are getting for less than 60K, I think its worth buying and bringing it back. Definite keeper if YOU like the color. I do. To put into perspective, someone bought a basket case of a 78 euro GTB with a blown motor (described as an 80) this week for $45k on ebay.
     
  13. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    The car is running with no issues. Aren't the earlier gtb's selling for more?
     
  14. Sean F.

    Sean F. F1 Rookie

    Feb 4, 2003
    3,066
    Kansas
    Full Name:
    Sean F
    The market of folks who don't think it's a problem is very, very small.....and even they will discount the offer for such a car b/c they know they can. The market is what it is....
     
  15. 308 milano

    308 milano F1 Veteran

    Jan 15, 2007
    5,312
    Montana
    Full Name:
    Kim
    Sounds like the underlying issue here is sticker shock. While you may wish to offer this Lady a fair market price, seems the idea of getting a screaming deal is outweighing this desire . ( as I'm sure it would with all of us. ) IMHO it might be best to have a third-party handle this pricing issue and go from there. Might help to save a friendship down the road.
     
  16. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    That's not the issue. I have a couple dealers here that are friend's and their pricing is much lower. A few thousand dollars to this estate is peanuts. I just wanted to put pictures out there to so people have a better feel for the actual pricing. I know that it is hard to get a consensus since a person with a high mileage car thinks mileage isn't and issue and a person with <10k thinks it is a total rebuild. Mileage is in the eye of the beholder. In the TR world it is a major deduction but it appears to be less so in the 308. I don't know think I will ever sell the car if I buy it but I am out of garage space since I have 3 other Ferraris and since the estate isn't going to a widow with nothing I don't want to pay a premium either.

    I know that fair market to an owner is generally a little higher that reality. If you asked me what my 1986 TR which is concours level is worth, I'd probably say $180k plus. I'm sure a dealer might put a number on it less than that. I'm just trying to get a median value of this car from those in the know. I feel the car needs $15k of work to get it back to concours quality assuming no real gotchas like bad valves or other engine worth. I do all the work myself and that is the price to have someone else do it. If the car is worth $60k in nice shape that means the max I want to spend is $45k, correct? That's what I am trying to get a feel for.

    I really have through today to decide so any input is much appreciated.
     
  17. mike996

    mike996 F1 Veteran

    Jun 14, 2008
    6,848
    Full Name:
    Mike 996
    based on your description/expectations, 45 sounds reasonable to me.

    The mileage IS an issue re price. I know folks often say it's not and that a high mileage, regularly driven car is better but that isn't realistic as far as "market value" is concerned. No one is going to pay as much for a 70k mile car as they will for a 30k mile car.
     
  18. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,338
    Houston, Texas
    Full Name:
    Bubba
    I would get a dealer's input....NADA certainly CAN put a factor (decreasing the value) on both the mileage and the "unusual color"...not that Prugna is a bad color....
     
  19. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,455
    San Carlos, CA
    Full Name:
    Mitchell Le
    Offer $45K. If it is accepted, great. If not, walk.
     
  20. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,338
    Houston, Texas
    Full Name:
    Bubba
    Yes, that was a NON CAT Euro dry sump, not exactly the case of your thread....motor was not "blown" it had bent the valves....
     
  21. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,338
    Houston, Texas
    Full Name:
    Bubba
    I would agree at $45K is more than a fair value....

    You will find BUYERS in the 308 market are every bit as harsh on mileage as the TR gang.
    Nice '86TR in our ads just cut price to $105K.
    Not really high miles and tons of $$$ in current service.

    See how that works..
    :D :D :D

    It's a nice thing you are doing.
     
  22. Hannibal308

    Hannibal308 F1 Veteran

    Jan 3, 2012
    7,177
    Arizona / Hawai’i
    Full Name:
    Hannibal
    #48 Hannibal308, Dec 7, 2015
    Last edited: Dec 7, 2015
    I guess I'm one if those guys that would put your complete running euro prugna gtb as being more desirable than a red US gts any day of the week. I think it could sell fairly easily at $60k if marketed widely. Very cool car. I really think $45k is stealing it.
     
  23. jim94-348

    jim94-348 Formula Junior
    Owner Silver Subscribed

    Aug 19, 2010
    981
    Greenville, NC
    Full Name:
    Jim
    I've asked a couple dealer friends and few deal in 308's much anymore. At least that has been the response. It is looking more and more like $45k is the ceiling. I;m not sure if this car is a class 4 but I would think it is close. Hagerty has it listed at $43,600. Input?
     
  24. carguy246

    carguy246 Formula 3
    Silver Subscribed

    Nov 8, 2006
    1,197
    Maryland
    My best guess is that $45k is fair to both the buyer and seller here. Some value a euro more than a U.S. model, but I personally would not pay more for a euro car. I could see someone who really wants the car paying more, but again $45k seems fair to all concerned.
     

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