Barnfind 308gt4 I posted about around 15+ years ago

I guess it depends what standard of presentation you are looking for in the completed car. If you want an above average driver standard car in my opinion you would be better off starting with a nicer example that runs. If you don’t care about the cosmetics you maybe lucky in getting it on the road with just a deep clean, flush of gas tanks, rebuild carbs, new spark plugs and wires, all new hoses, fresh fluids, filters and belt change. Just not many people are that lucky.


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That's a tough one.

From the few shots you've shared, there's definitely a destroyed interior, parts missing, and things that aren't original. I have a strong passion for the 308 GT4, and I hate to see any of these go to waste. In the hands of the right person, this could be brought back to life.

I happen to own a 308 GT4 that sat untouched for 25 years. I wasn't the one who found it and got back on the road, I bought it after all that was done. I'm not sure what the previous owner paid for the car for back in 2014 when he bought it, but I'm pretty certain it was under $10k, possibly half that. His receipts totaled a bit over $40k (and he did a lot of work himself, so there's no receipts for that).

The car your friend has in that condition is not worth much. If I were to buy it, I would probably only offer $5k, and I'd likely still never make money on the car.

But, I'm no expert. Just my thoughts. I once backed out of a sale of a 308 GT4 that I could have picked up for around $15k, but it needed way too much work (but less than the one you've pictured), and I knew there was no way I'd ever recoup my expenses.

 

15-20k. Save its life
At 15 I would come and get it, at 20 I would not. There is a collective of 20k to get the DaddyO Dino back in running order and that’s with me doing absolutely everything. I paid 11k to save its life

 

"....trying to turn it into what would look like a period rally racer. Toss out the trashed interior, put in a roll bar and lights.. "

An excellent idea... but having done that over a good few years, it's only affordable doing the lion's share of the work yourself (see mine below). Clearly any GT4 should be saved but we all know how much these things cost to get right, especially a 30yr garage find. You know you want it really !

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Maybe you can help find a buyer who has the same goals and actually wants the car. It sure would be an adventure to restore it.

 

That would be very cool. Need to keep it from bring parted out if possible.


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Do you have the vin # ? It could be one of the missing GT4’s in another thread here?


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This is an excellent candidate to continue that habit.

 

I would be able to bring that car back to life and I can do everything except paint. Even with that ability, I would not touch that for more than $10K. That project would eat up all my spare time for the next 5 years, $50,000 in expenses, and a permanent parking spot somewhere. I really don't need that. My first Ferrari was a 308GT4 and I don't need to go back to that.

 

Once you get into it and drive it you’ll be hooked!



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It's such a shame that people want to buy with their wallets in mind rather than their hearts. When I bought my gt4, 37 years ago, I never even considered whether I would make money on it. And I haven't. Even if I sold it for ten times what I paid then, it wouldn't cover all the money that's been put in to it over the years.

I understand the point that if you want one it's better to buy the best one that you can to save money in the long run, but actually the journey is part of the fun. And if you do (or commission) all the work, at least you know what's been done and that it's been done properly, because the seller will probably lie to you or just won't know the history.

 

@Patrick Dixon, I agree with you, and I think most of us here are in that same boat. We always wanted one, were passionate about ownership. We did buy with our hearts and not our wallets in mind. But Chelle came here with a different mindset, as he started above. From the perspective of someone who isn't passionate about a GT4, it's a bad idea in general and this particular car is going to be a lot of time or money. Or both.

 

This one's a clear example of "free isn't cheap enough"

Now, does that mean I wouldn't want to save it? Hell no.

But deep pockets and patience are the only formula that works on a car like this (unless you want a 25 year restoration...)

 

It sorts of depends on what your heart is set on.

If it's set on owning and driving a GT4 that's in decent condition, there are far cheaper and faster ways to satisfy that need.
If your heart is set on restoring a GT4 for the joy of restoring a car, cost-be-damned, this one certainly is one of those.

I love a great latte. I wouldn't spend $8K on an espresso machine and a cow, when I can go buy one for $4.

 

Yes they are all good points and I'm not saying just overpay for a wreck, but sometimes there is 'sense' in spending the money on getting a car that's 'yours' and getting what you want over a period of time. Of course if you want it all 'now' and/or to be able to flip it when you get bored or you need the cash, then it's not the right way for you.

On the other hand if another one gets scrapped then that makes mine rarer and more spares available, so it's all good really.

There was that white one in the UK on You Tube and even I wouldn't be advocating saving that (and not just because it's white).

I'm just glad I never bought a 246. I'd have been richer, but poorer at the same time.

 

A Euro 77 GT4 just sold today on BAT for $141K. The math on the barn find could be changing.

 

Chelle, sent you a PM.

 

Since it’s worth more for parts, you have little downside risk trying to save it. You might get it running, fall in love with it, or just find it a new home. If I had the space and a little time I’d do the same.

 

Any update?


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