1983 Red QV...is this just too many miles???

120K miles is nothing if it's a well maintained and respected car. Specially if it still has good compression.

 

The car is perfectly capable of 100K+ miles. I know of several in that range, and my 328 is 100K+. I strongly suspect that many of the 30,000 mile cars out there are actually 100K+

HOWEVER

The market punishes mileage heavily. That car is unsaleable at anything approaching normal market price for a 308. If you do buy it, buy to keep because now -you- own a car that is sale-proof.

$25,000? Not a chance, even it if were a platinum winner. As it is, the plenum is painted oddly, the plug wires aren't right, there's non-OEM hoses in the engine bay, the trunk cover is missing...what else is happening?

 

That's a 30 year old car, so, it's all about condition, not miles....at least in my opinion. Check the compression/leakdown, check the synchros (2nd), and look for any major corrosion. If the paint and interior are good then it's probably a $20-25K car.

As another poster said, I suspect that plenty of the low-mileage 308s out there are actually quite high mileage. I've seen plenty with worn out seats and pedals and really tired mechanicals that are supposedly 20,000 mile cars....

 

"is this just too many miles???"

Yes.

 

+ 100

If it has good history and bills to back up use along the way -

 

Not necessarily... if everything is in order, compression is good, service up to date,
and the price is right... NO Ferrari of "normal means" should be considered an investment.
Buy it to DRIVE it - not to pay for your kids' college tuition in 10 years. Just my opinion.

Jedi

 

Vehicle History Report within auction says accident or damage reported.

 

Then I guess this one has more than the 100k miles on the odo, if we were to presume that most 3x8s have "false" mileage. There is a mileage point where most people would not touch a car unless it is ridiculously cheap (as in giving it away). Conditions may be one thing but I would never go see a car if it had that many miles.

Ace

 

I didn't suggest that "most 3X8s have false mileage". I suggested that there are some out there that do based upon obvious signs - big difference.

I'm not intimidated by such a car as I can easily rebuild all the components with my own skills and facilities if necessary, so that's a car I'd go see for a reasonable price.

 

How about a silver with blue interior 1979 GT4 with records back to original owner?All original car,all original interior but drivers seat needing work on vinyl.
With all books except service book, all tools,jack and bag etc.Some tidying up required,has 100k miles up.Some original paint in good condition but needs a respray in other areas.16 inch Compomotive wheels.
Whats that worth, $15k?
Just curious.

 

well said.

 

here?

with us knowing the cars?

$15-18k for a quick sale.

i had a series one dino that i loved. they are great cars, but parts to tune them up alone are expensive, plus belts, tensioners, motor mounts are a fortune, car may need bushings, ball joints, fuel hoses, cooling hoses, brake flex lines,....."THAT" is what makes buying the "cheap" 308s not really feasible for most people.

its one thing to want to purchase old 308s to love, its another to "end up with" one just because it was cheap and "cool". you gotta have the cash to buy what you need on a punch list as soon as the car arrives, or it will be months before it can be used like a car.

with all that said, some of us here just love the old, slow 308s for fun. it makes no sense at all !

 

"The ironic thing is that you always hear about how exotics suffer a lot of their ills due to NON-use which makes total sense. Then... you see cars with miles on them and most everyone claims "No way" they'd touch i"

That is, of course, an excellent point and I agree so in essence I feel strongly both ways!

As an example, assuming good condition otherwise, I readily admit that I would not consider a Ferrari with mileage beyond 30-40,000 whereas I would buy an old US car with any mileage at all with no concern whatsoever. Part of that, of course, is that working on/buying parts for an old US car is easy/cheap...

 

Like I posted in another thread... High miles does not bother me as long as it is a good car. How many people shopping for a 63 250 GTO would turn one down because it had 125K miles of racing history?

 

Until 308s are old enough not to simply be considered "used cars" the odometer will make a major difference in values. As the cars age, condition will surpass mileage.

 

Seems to be a good car, I know the owner and he has always had 308's a lot of them. He buys keeps for a while and resells. I am sure it is exactly what he is advertising. The only thing I don't like is that it is not the original color. The car started life in Blue Chiaro and was changed to Rosso Corsa. Sold new by FAF in Ga.


Wade

 

I readily admit that I would not consider a Ferrari with mileage beyond 30-40,000 whereas I would buy an old US car with any mileage at all with no concern whatsoever. Part of that, of course, is that working on/buying parts for an old US car is easy/cheap.


--Appreciate your honesty Mike, but I have an 83 308QV with ~48k miles, and that equals about 1800 Miles a year for 27 years...would you not consider such a car due to mileage over 30-40 thousand miles?

On the other hand 100k plus, and you better have your wallet ready because with ANY car that kind of mileage means cash expended, so I do see your point.

MB

 

Yup, you're exactly right. Without skills or facilities it could get very expensive quickly....maybe not, but you never know. I think that it's DIYers that support the prices of really tired/worn 308s other wise they would be almost free given the parts costs and labor costs of a good mechanic familiar with ferraris.

What's really discouraging about the situation is that the parts prices are just out of control. I know it's a matter of supply and demand but there's no reason why parts costs for a 308 should be as high as they are. Lots of the parts are relatively generic and common to other cars....shopping around and cross referencing parts #'s can pay dividends. OK, I'm done complaining now!