What's the $$ market for a red 328?

Uhhhhhh...year model?

GTB or GTS

You looking at the one in Dallas, that came with the Jag and 330GTC????

 

average deal.........

For $35K I can put you onto a '76 Glass Red/tan

OTOH, if you like it, get it! It sounds nice enough.....

 

Cavallino breaks down the 3X8 market fairly well, you can see the range there........

 

Greg's is a 308qv

 

Bag it, do the belts, see ya in New Orleans!

No wait, big FCA party here in Houston, April..........

 

5 years is the current wisdom, correct.

 

35k is a pretty good deal for this car, assuming no stories / no accidents. In fact, if it were openly advertised, it would probably be yanked right up, in my opinion.

I use an 87 328 with 30k miles as a "median" benchmark. Your car is a bit older, but with lower miles, so it tends to even out a bit.

You will need a belt service, probably (how many miles has it been?). The trouble is, at 22k miles, you're technically due for a 30k major service in another 8k which includes a belt change and runs 3k to 6k, depending on what you have done.

No matter, though. In my (relatively disciplined, 2nd time around ibuying a Ferrari) search for a 328, if I found the car you were looking for, I would have identified as below market and would have bought it, assuming it was in the same condition as the one I got (pretty much perfect).

The issue is, is it below market for a reason? Mine was slightly below market, because the seller was not as tied in to the market as a really, really agressive seller would have been; and he also wanted to get it sold.

What's this gentleman's circumstances? Is he widely advertising the car, or is he keeping it low profile, just toying with selling it, and mentioned it to you?

The other maintenance item is the clutch ($1k to $2k, $1500 median). In my search I saw a lot of 328s with clutched done in the 15k to 20k range (waaay to early, if you ask me!).

If this is your dream, and the car is sound, and you have the cash, do it. You could probably sell it for more (as long as it has no hidden issues). I have found the 328 to be a very well built machine and very reliable. I'll have it for a long time to come, and this is a common sentiment among 328 owners.

Good luck!

Edit: I see you mentioned the car had a recent clutch, and a set of new shoes (tires). Yeah... If the car has been serviced, and has had no accidents, this is certainly a better-than-fair price in my opinion. A dealer would do a major service on it, give it a nice wax job, ask 50k, and sell it for the first 47.5k / 45k.

 

No, no you've got it all wrong!

You need a SPARE one, for when they call for public appearances and the first one is "in the shop".......

That's what I decided anyway!


As you know it's 'condition, condition, condition'.....

Heck, it sounds like a brand new car, to me!

 

A clutch can last 20K miles, or one parade = 20 burnouts.

 

You really DO NEED an extra Ferrari. Mine has been down since I sent the wheels and ruined the ones on my car. The new wheels just came today so I'm on my way to recovery. I remember the good old days when I had a 328 and a 348 in the garage. If one went down, the other was always available. I've been down now for over a month. Oh the pain! Go for is, the price sounds pretty good to me. The service on a 328 is a lot easier and less expensive then your 348. I miss my old 89 328! (Not that I don't love the 355)

 

A guy I kow sold an 87 R/B last year with about 24K on it, new service for 43 or 44K. I have forgotten precisely. It was a good, no stories car with good history. This car needs a service certainly. Question is, what else? If you can get someone to do a PPI, that would be great. Get a carfax done. It is, however, probably a good car. After a service and inevitable "while I'm at its" you should be in 40-42K which would be good. Don't sweat the oil leak unless it's bad. Oil leaks are inevitable.

DAve

 

Yea, I keep mine parked on gravel........what leak???????

 

If the car is in nice condition, that is a good deal.

Hope all goes well, good luck!

 

I paid the exact same price for my '86, and it had had a service done recently as well as a new oil cooler. The owner was planning to move and just wanted to sell the car to an "enthusiast" (which I guess I convinced him that I was!), so price was not that important to him (his other car was a Testarossa!).

The only real problems the car had were a torn inner rear CV boot (since fixed), worn bushings throughout the suspension (replaced on the rear, pending on the front), leaking shift shaft seals (next to be replaced) and rather old and hard tires (since replaced). There are a few niggling problems with interior pieces but those are not a big deal. By the time I take care of these problems (none of which affect the car's driveability) I guess the "real" cost will be closer to $39k than $35k, still a good price IMO.

And I should point out that my car had about 48k miles on it, now closer to 52k.....

 

Have a PPI with a leakdown or compression check done. If everything comes back OK, $35k for that car is a fair price. Most 328's in good condition seem to be going for closer to $40k range.

Please don't tell me you're suggesting that if he had the belt service done now, then put 8000 miles on it in the next two years he'd have to turn around and do it again? If so, please explain the thinking behind this...once it's done, it's done and good for 5-years and 30,000 miles AFTER the service is done, not once the car reaches 30,000 miles.

But the car has 31k on it anyway so the 30K needs to be done regardless. The fact that it's been sitting for 5-years with little driving pushes getting the belts done more than anything else.

 

So...NOT the door buster good deal we thought it was. More like average deal.

I think we need to start driving the belts to failure, noting the elapsed years and mileage.

We'll build a quantitative data base that way, and get real good at engine rebuilds........

 

I'm serious!

All this changing of belts every time it sells is rediculous!

I've been 4,000 miles on 12 year old belts and it was the melting fuse blocks that finally put it in the garage last week!

I mean, c'mon.....one poster noted a car that had never had belts in twenty years...he had SAVED enough money to buy the engine!!!

I'm really just joshin', sorry this wasn't a cream puff and a steal of a deal.
Still thinkin' about it???

 

Belts every five years makes great sence for the dealer. Non of the 4 Ferrari owners manuals that came with the cars I have purchased ever recommended replacing the belts after 5 years.

 

With few records, an old service, and dirty interior, I wonder if 31K is correct mileage. I know from experience that 328 interiors hold up very well-better than 308's or 348's. Exterior chips wouldn't bother me much, especially in Amarillo. CArs get chipped quickly here in Colorado also. However, this does not sound like a well cared for or loved car and I suspect there are more problems lurking. I would rather buy a well cared for, freshly serviced example for 40-42K.

Dave