He looks at 'em and doesn't drive 'em. The Clough service mob are 100 yards up the road from my shed. He has a small collection of pristine early Holdens plus a wanky looking late 80's early 90's 911 convertible thingy with the guards and flares in black..he looks a complete tool driving it,but then he is a retired K1W1 school teacher.
How much was he asking for it privately? I would have msg you but can’t seem to, probably not enough posts.
You're on fire today Simon. No maintenance since 2018. There's the brake system, belt, water pump and possibly a rotten cooling system right there. Not to mention incidentals like tyres and a host of rubber components. That car has been advertised for years.
I last saw it 3 years ago,as stated he doesn't drive 'em . I really DGAF but it's a nice thing...given that I've seen another well known rat infested 348 that lives in FNQ
Something silly like $225K originally. I can try to get a hold of him to see where he's at now if you like.
Someone whom has a hundredK short of $250K I suppose and whom is happy to drive the socks off it and isn't too worried about resale.
Ok, look at it in another way - is a LHD 308 GTS worth $150k? No IMO, therefore that car has to be less than an original LHD car
He seems to be doing stuff on the cheap. If he really wanted a sale then do a major service, cambelts, hoses, tyres etc then put it on the market. Otherwise sell as is and be happy to take $90k, I know of a recent sale in that range for a similar 348 with deferred/no maintenance
Having just been to see him re the enquiry here,he is more than aware of the milage,age/service situation and that it's an engine out job. He is prepared to negatiate that into the selling price if it does not sell today. He has a very reasonable reserve compared to all the 348's for sale,all bar the blue Aussie TS are from out of the country. The tyres are new but not Potenza's,I think he said Goodyear's.
Well, there's two quick ways to find out the value: 1. Drive it into a dealer and see what they'll pay for it on the spot. 2. Put it up unreserved on a known auction site and hold on tight. The fact is that the 348 has been on the market for years with no movement suggests it's simply overpriced. I recall seeing it first on the market pre-covid. The vendor needs to accept that the purchasing landscape has changed. Drivers are sick of cars being tied up for months waiting for parts on a car they've already paid good money for. The car will pass in, and we'll be having the same conversation in 12 months time. Pricing your car in relation to other 348s is largely irrelevant if you want to sell it. Especially in this case, because none of the others on CarSales have sold either. I also have a 348. A 52,000km Australian specification vehicle. And that had annual maintenance from a local specialist including a recent belt change when I bought it. When going through the records however, the was no evidence of it ever having the valve clearances set. I pulled the motor/cradle out again, found a weeping water pump, the valve clearances were incorrect, the clutch slave cylinder was leaking and small gussets around the base of the cradle were where the lower suspension pick up points are located, were rotten. Furthermore, the suspension bushes were shagged and the rear dampers were leaking. Most of this I already knew about, and paid accordingly. However the remedial work already exceeds $30,000 at my shop rate of $200/h. Obviously the parts and subcontract work is at trade however that doesn't assist the voracious appetite a 33 year old Italian car will Hoover up hours. Assuming you actually want to drive it. Be warned.
No, a cheapskate. Imagine a 75,000km 308 GTS, Australian delivered turnkey (Yeah, I know that's an ask) for $150,000. Next to it is a 75,000km USA 308 GTS turnkey, for the same price. Which one would you buy? Assuming you were going to continue living here, you'd take the Australian car. The only reason the LHD (and LHD to RHD converted cars) are purchased is to save money. Invariably, this translates into how the rest of the car is maintained. Yes, there are poorly maintained RHD Australian cars too, however the owners tend to have more realistic expectations about maintaining the RHD cars.
Great post. I agree, something like the 348 listed you would need to go into with eyes wide open. Pick it up at a low price and then be prepared to spend 30-50k possibly getting I right.
Some of these cars have been for sale for years, they don’t sell but the owners keep putting the prices up lol. Interesting sales tatic.
To all and sundry here,very few pre 90's cars are selling,Aussie,UK,USA/LHD (particularly) HK and anywhere else out of town irrespective of condition. The market for enthusiast cars has been in the toilet for about 5 years....unless a vendor is prepared to do a gun deal to be rid of it. I don't see a light at the end anytime soon either.
My E Type is a L to R as you probably know and yep I bought on price and condition..and had to do some minor remedial work which I knew about on negotiation. It drives brilliantly,I don't know what a L to R 308 drives like or how the conversions translate to driving mannerisms,please enlighten if you know. Most postwar Pommy sportscars were designed to be L or R so conversion was easy/straightforward...export or die postwar for the Poms. I'ts not as though 308's and E Types are thin on the ground and the person looking at a L to R will be looking yes at saving bucks given the,obviously,silly dosh Aussie delivered owners are asking,as has been discussed in this segment.
Good boy, that's the attitude. BTW, I also had to change the two engine mounts on mine, they cost 1001 GBP each for the genuine article. Landed with tax was $4,973.
