Wanted 348 - 91 VIN 89300 or higher

Stupid question, but I have to ask since im selling my 1995 Spider.

Why are you capped at $50,000 for a 95?? For only about $218 more per month (or less depending on term), you can increase your budget to $66000.00 and get a car that will need nothing and be in prestine condition. One that will hold its value and youll either make money or break even when the day comes that you decide to sell. I shopped 348's for a long time (years) and when I was serious to own one and get mine, took a few months and countless hours to look at cars and weed out the crap on the market. I found plenty of spiders that could be had for around $60,000 +/- (never found any near $50,000) and most needed paint work, interior work, tires, glass or just plain old routine $$maintainance$$.

If youre a cash buyer, make sure you research and see in the form of legitimate repair orders the maintainance that was done, who did it, when, where, parts replaced, oem, aftermarket...etc...

Anyone here will tell you an extra hour of research and a few bucks for a qualified person(s) to check the car could save you thousands of your hard earned dollars. Bottom line, dont skimp. You get what you pay for.

Shameless Plug - http://www.ferrarichat.com/forum/showthread.php?t=90914

 

Someone did some homework...


Here are the improvements that were made during Ferrari 348 production:
http://webpages.charter.net/aircover/348/1994Ferrari348Spider.html


1. 05/30/91 differential side seal—production improvement
2. 05/30/91 Bosch starter motor changed to Nippon—production improvement
3. 10/10/91 cam seal housing modification—reduced oil leakage
4. 10/10/91 double plate-clutch changed in favor of single-plate clutch—production improvement
5. 10/10/91 new alignment specs—improved handling
6. 10/10/91 improved mounting of front bonnet grill to address warpage
7. 10/10/91 front suspension shocks and springs—production improvement

 

I do know a little bit about auto loans.. Its only been my career for the last 8 years.

Dont know if youve applied yet or even if you where going to use a conventional auto loan to get your car. There are a few out there that specialize in exotics and classic cars. They will do terms up to 96 months i think with no pre payment penalty. Fair rates, too. Forget Capital One and the such. They dont specialize or give friendly terms to these kinds of cars. Theyre strictly new/late model used car banks. Ive been dealing with COAF for years. Interesting bank to watch thru the years (buying patterns)

 

Capital One was great. Lowest rate period. They didn't care what kind of car I was buying. Just checked my credit report, and sent me a blank check. Of course, I don't think you can get terms for a billion years (96 months???).

 

I'm sure you looked on Ebay. There is a 91 Red/Tan with the vin requirements you want. I just saw it there.

 

Mike it sounds like you are looking for the same car that I am. Unfortunately I have found NONE in that price range in the condition your looking for. every one keeps telling me anything over 55K is too much but thats where they are all priced. I have a flawless one in my area with 20k miles but needs service for 60K asking price. This seems to be the norm not the exception. Look at the ones liste on this site. Not one onder 55K, yet people on this site will tell you not to spend that. HUH???

 

I had exactly the same when I was buying mine in the UK Michael. I too was only looking for later cars past a certain VIN no. I kept reading "You should only spend $??? on one" - but the ones at $??? were earlier cars or bad cars (or a combination..).

 

People love to say what a car should cost on this site. The reality is, you'll have top pay about 5% - 10% more than what they are telling you.

If you wait long enough and find the right seller, you may find a car in that price range. It's just not the usual. With that said, people do love to over-price Ferrari's. Red/Tan and Red/Black will command more $$..

LSU308's price rang is close to accurate, except for a 95 Spider, you'll never find one you want for $50k (I think he knows that though).

Also, I think you should be a little more open to a 1991 or earlier. These cars are old and if serviced properly, they'll be fine. Despite what people say.

The improvements that the 348 had in 92, are not that big a deal, and like I said if you find a well maintained car you won't even be able to tell the difference. There is a sublte difference between a 94 and all others, but even that isn't that a big a deal.

 

IMHO, the biggest change from '92 onward is the switch from dual-disk to single-disk clutch. With the dual disk, if it can't be resurfaced, you're looking at $2200. more in parts to replace. If upwards of 40K miles, I'd make a comp./leakdown a definite rather than a definite possibility, just for peace of mind.

I won't comment on correct pricing, but just say that I'm amazed at the number of crap 348s out there, and what some people consider to be good examples.

Jimbo.

 

Why should you care what year it is as long as all of the updates have been done? I have a 1990 that has all of the same stuff in it as the most up to date 348's out there. Most owners who actually drive them do these things when they do the major service. As long as you have documentation of these changes from a reputable dealer it should not matter what year it is. The only one that is really expensive anyway is the clutch update and you can do that one yourself for about $5K. All of the others are common knowledge to the dealers and are recommended at the time of the major service.

 

Black/black at Tonkin.......Go tigers!

 

I found this to be true on my hunt for a 328. Many people here said "low $40K range", but when you start looking at actual cars for sale it does seem to hold that the best cars (original, great paint, overmaintained, etc.) sell for more. The low prices on this site probably stem from cars being sold directly between f-chat'ers. You can probably find a 348 for $40K, but there will be a reason(s).

Dealer prices will always be somewhat higher due to overhead and the fact they have to stand behind what they sell -- i.e., if your engine blows 3 days after you get the car home, a private seller might send you a sympathy card, but the dealer may well be on the hook, if for no other reason than his reputation.

Given the maintenance and service costs of a 348, it may be a case of 'losing the forest for the trees' to sweat the last few $K of price negotiations.

 

other side of the pond mike but brand new and for sale m8 348ts
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