A 308 Do It Yourself Anniversary- Counting the Costs | FerrariChat

A 308 Do It Yourself Anniversary- Counting the Costs

Discussion in '308/328' started by Fairview, Feb 2, 2012.

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  1. Fairview

    Fairview Formula 3

    Mar 16, 2009
    1,109
    Waynesboro, Virginia
    Full Name:
    Jeff Ward
    #1 Fairview, Feb 2, 2012
    Last edited by a moderator: Sep 7, 2017
    Here's some information for those of you thinking of buying a 308, especially if you plan to do your own work:

    It was almost exactly a year ago today that I started a “major” service on my then newly-acquired 1978 308. This has been a do-it-myself project (except for mounting tires and installing springs on my new Konis). This has taken far longer than I ever dreamed.

    In January of last year I bought a gorgeous 1978 308 GTS. It was tidy top and bottom, and had been serviced by a big name Ferrari dealership for things like a recent clutch, oil changes, chasing a miss, etc. When I bought it, I realized that the timing belts were slightly out of date, and the engine was running a little rough (missing, snorting/popping). But, I figured with 4 or 5 weekends of work, heck, I’d be in business just in time for spring thaw. That was quite a miscalculation on my part.
    It has really taken me a full year to get my 308 sorted out the way I want it to be. I kept my time until June, but then lost track. I’d estimate that it has taken me 150-175 hours total to complete the work I have done (from timing belts, to carbs, distributors, air conditioning, brakes, wheel bearings, seals, gaskets, valve adjustment, install new Konis,and on and on).

    My time figure doesn’t include all the time I have “frittered” away searching FerrariChat archives, studying shop and owner’s manuals, looking online for the best deal on parts, etc. And there was no catastrophic failure with my 308, all this work is what I would call general maintenance and freshening up age-related items.

    For those of you considering such a purchase (i.e. a pretty 308 that hasn’t been used much lately- as most of them on the market appear to be), here is a compilation of what the parts cost me. Included in this list are tires and new shocks, which you may or may not need, but everything else is pretty much mandatory in freshening up such a 308. And bear in mind that I shopped the prices quite a bit as I’m no rookie in restoration work, plus I’m kind of a cheapskate.


    A) Ferrari Parts Specialists (Ricambi, T. Rutlands, Superformance) $2,072.92

    B) General and Local Parts Suppliers:

    NAPA 170.42
    Eavers Tire (Michelin Pilot PE2 (x4) alignment) 894.83
    Advance Auto Parts 158.29
    Baldwin Filters (x6) 65.00
    Fisher Auto Parts 66.32
    E&M (paint supplies) 17.64
    C) Other suppliers
    Leatherique 81.24
    Autoparts Warehouse (spark plugs) 57.57
    RA Hoerr (ATE brake fluid) 16.00
    Applied Bearings (wheel bearings, seals, air con idler bearing) 186.64
    Kingsborne Wire (extenders) 107.00
    Weber Carburetors Direct (idle and main jets, etc.) 81.69
    Air conditioner compressor 240.00
    CDOC- Redline 75W90 etc. 125.00

    D) Individuals:
    Koni Shocks, new set with bushings 625.00

    Total $4,965.56

    Remember to factor in the time, too (and then triple or quadruple your estimate). It would have made much more economic sense for me to have hired all this work done, rather than devote 150-175 hours of my time. But I have learned quite a bit, freshened up old skills, and amazed my family and friends! However, it has given me a new appreciation for the guys who make their living working on these Ferraris. And I have a new appreciation for the added value of buying a 308 that has been brought up to a good level of service. If only I knew then what I know now…

    Finally, I want you to know that I am extremely happy with the results. The engine really is a sweetheart and very responsive. And the handling and steering are a delight, unlike anything I’ve owned before. There is nothing I can add to what has been said here before- a good 308 is still quite a sensation wherever it goes.

    Best to all, Jeff

    p.s. Bringing it home a year ago (on my farm trailer- see, I told you I'm a cheapskate!):
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  2. Matto

    Matto Formula 3

    Dec 26, 2011
    2,085
    Mooresville, NC USA
    Full Name:
    Matthew
    A great and helpful tale, in numbers and time. I'm well into it myself, and look forward to the end result. Congratulations :)

    A beautiful car.
     
  3. Steve King

    Steve King F1 Rookie

    Feb 15, 2001
    4,367
    NY
    This seems to be a trend for some who buy these cars. My plan always was to enjoy the drive as much as possible but do normal maintenance a little at a time. I don't want to take the car off of the road for long periods of time to fix non critical issues. We seem to get into this trap and then continue to spend money to get EVERYTHING done at one time and then not have time to drive the thing. My suggestion is to take on small projects that only tie the car up for a day and drive it in between. Pace yourself and it will also spread the costs.
     
  4. Crowndog

    Crowndog F1 Veteran

    Jul 16, 2011
    7,042
    Fairfield,Pa
    Full Name:
    Robert
    +1
     
  5. Fairview

    Fairview Formula 3

    Mar 16, 2009
    1,109
    Waynesboro, Virginia
    Full Name:
    Jeff Ward
    Steve,

    I definitely didn't fall into that trap. I've put 1500 miles on my 308 while doing this work (which is higher than the "official" annual average of many 308s!).

    Many little things, such as rejetting the carbs, figuring out the shocks needed work, lubing the steering rack, replacing bushings in the suspension, realizing the thermostat is opening too soon, chasing down oil leaks, only come to light with use.

    So that part of the process spans a good bit of the calendar, but doesn't always disable the car, and certainly is enjoyable.

    Jeff
     
  6. M.James

    M.James F1 Rookie

    Jun 6, 2003
    2,721
    Worcester, MA
    Full Name:
    Michael.C.James
    Sellers of 'cheap' Ferraris can be VERY deceptive (or just downright clueless) with regards to the amount of maintenance that has been deferred. Let's review what 'deferred' means - things the car needs, but someone is too lazy/cheap/careless to actually perform when it needs to be done. This attitude is all-too-common with 'toy' cars where time and labor equate to four or five digits of cold, hard cash. So, you bought a Ferrari - you may also have bought a hand grenade, with dozens of potential detonators inside that engine compartment. Any one would leave you stranded and ruin your day, and a few more would burn your car to the ground - seriously. A SMART person would find those things BEFORE a $300 part causes $5,000 worth of damage when it fails. How do those fuel hoses look????
     
  7. Fairview

    Fairview Formula 3

    Mar 16, 2009
    1,109
    Waynesboro, Virginia
    Full Name:
    Jeff Ward
    #7 Fairview, Feb 2, 2012
    Last edited: Feb 2, 2012
    Is there ever a cheap Ferrari? Use will wear them out. Abuse will destroy them. Lack of use will consume them. Any possible scenario will require the right care and money.

    Good cars such as mine, that have been serviced at prestigious places, can still consume quite a bit of effort to get exactly right.

    It was that last 5% that almost drove me crazy. It takes time. It takes money. It is worth it.
     
  8. M.James

    M.James F1 Rookie

    Jun 6, 2003
    2,721
    Worcester, MA
    Full Name:
    Michael.C.James
    Oh, absolutely - many sellers COMMAND 'top-dollar' for their car, without a clue as to how much work their car really needs before the next owner can go to redline with that 25-year-old drivetrain. Mine is just a general rant against the 'red-mist' phenomenon, and the number of people who get burned by it.
     
  9. i-velocita

    i-velocita F1 Rookie
    BANNED

    Sep 9, 2006
    2,520
    Colorado
    Full Name:
    James
    "But I have learned quite a bit, freshened up old skills, and amazed my family and friends!"

    There is value to be found (not just added) in doing the work yourself. It makes for a much different ownership experience. I've really enjoyed it!
     
  10. Steve King

    Steve King F1 Rookie

    Feb 15, 2001
    4,367
    NY
    We all know there is no such thing as a cheap Ferrari. I got mine in 1999 and have put $9K in parts and 300hrs of my labor. Most has been required maintenance but if it weren't for the "horse" parts it has not been that expensive to own. For those that pay for their labor then it's a whole different ball game.
     
  11. lostbowl

    lostbowl Formula 3

    Apr 30, 2009
    1,246
    Michigan
    Full Name:
    Tom
    You didn't need to remind us!!!! Yuk Yuk
     
  12. maestro8

    maestro8 Formula 3
    BANNED

    Dec 2, 2009
    2,054
    Nor Cal
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    Jason
    +1

    I bought an old Italian supermodel because I wanted to skin my knuckles the fun way!

    I wouldn't have it any other way. I'd feel weird owning a car I couldn't crack into when something goes awry...
     
  13. Jdubbya

    Jdubbya The $10 Trillion Man
    Silver Subscribed

    Dec 28, 2003
    43,236
    PNW
    Full Name:
    John
    I've touched nearly everye major component on my car at one point or the other since I've owned it. Some of the work I would not do again myself, and there are other things I've not done myself that I will do next time! I know this car better than anyone in it's history has. I'd be willing to be on that one!!

    It does come at a cost but it's also part of the experience for me. Otherwise I'd just whip out the wallet and get it all done by someone else!
     
  14. Sledge4.2

    Sledge4.2 F1 Rookie

    Oct 19, 2007
    4,786
    Marin
    Full Name:
    Geno
    Multiply those numbers by 10 if you buy a car needing work. Don't ask me how I know

    Well bought and serviced Jeff,

    Geno
     
  15. Matto

    Matto Formula 3

    Dec 26, 2011
    2,085
    Mooresville, NC USA
    Full Name:
    Matthew
    +1

     
  16. mwr4440

    mwr4440 Five Time F1 World Champ
    Rossa Subscribed

    Jun 8, 2007
    57,982
    Bavaria, The 'Other' Germany
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    Mark W.R.
    Nice thoughts but not always the smartest way to do things. The "While you are there" should be your guide to doing many repairs.

    It makes NO sense to take things apart 5 times to do things when once would have been sufficient if you just did it all the first time.

    This does keep the car off the road for longer periods the first time, but is shorter in non-driveable status over the long run.

    Consider working smart, before you work hard.
     
  17. Fairview

    Fairview Formula 3

    Mar 16, 2009
    1,109
    Waynesboro, Virginia
    Full Name:
    Jeff Ward
    Thanks very much, Geno.

    By the way, since my 308 is essentially done, I'm starting to get a hankering to buy another one and do it again.

    Seriously, I think I could cut the labor hours by almost half, having been through this once already.

    Jeff
     
  18. Steve King

    Steve King F1 Rookie

    Feb 15, 2001
    4,367
    NY
    So far I have not been presented with a "while you're in there" situation . Most of my work was a planned adventure so no need to replace good parts. I guess the only situation I would consider as "while you're in there" would be if I dropped a valve and needed to open up the engine/transmission. Other then that it's just normal maintenance.
     
  19. mwr4440

    mwr4440 Five Time F1 World Champ
    Rossa Subscribed

    Jun 8, 2007
    57,982
    Bavaria, The 'Other' Germany
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    Mark W.R.
    #19 mwr4440, Feb 3, 2012
    Last edited: Feb 3, 2012
    Chasing a hot header has lead me to: pulling the valve covers and replacing shims, which led me to plating the lower drive gears, leading me to refinish the damper and pullie, which lead me to replacing the POS OEM cam gears with one-piece aluminum. Hot header also lead me to replacing the injectors (no joy) then cleaning and rebuilding my FD (man was it dirty on the inside) and cleaning and replating all FD metal lines, rebuilding the electric looms in the engine bay, replacing coils, caps, rotors, wires, while I am there refurbishing the nasty oil seperator, refinishing all metal pipes & replacing all hoses and on and on.

    There are precious few "properly working parts" on a 30 year old car. There is no way I would do half this in small fits and starts climbing the same mountain several times just to drive a grenade in between.
     
  20. wazie7262

    wazie7262 Formula 3

    Feb 13, 2008
    2,357
    Temecula, CA
    Full Name:
    Scott
    $625.00 for new Konis?? How did you manage that one?
     
  21. stev4266

    stev4266 Karting

    Mar 24, 2010
    186
    R.I.
    Full Name:
    steven gregson
    5,000.00, you got off cheap. I'm way past that amount. If the car broke down I might know what the problem was before I looked at it. You gain knowledge by fixing it yourself. I enjoy doing the work.

    Where did you get those Konis at that price? I need rears for my 84 308.
     
  22. Fairview

    Fairview Formula 3

    Mar 16, 2009
    1,109
    Waynesboro, Virginia
    Full Name:
    Jeff Ward
    I bought those new Konis in the boxes from a member here who was getting rid of his extra parts. Nice guy- he recently sold that adjustable cam pulley set up, had a set of early cams he was selling, etc.

    So yes, I did get lucky.

    Jeff
     
  23. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,586
    San Carlos, CA
    Full Name:
    Mitchell Le
    I am too afraid to start adding ... the bills ... for all the cars ... lest my wife finds out ...
     
  24. Crowndog

    Crowndog F1 Veteran

    Jul 16, 2011
    7,042
    Fairfield,Pa
    Full Name:
    Robert
    These things are best left not talked about. Can we agree on this?
     

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