1982 400i Automatic Rosso Corsa - 38k Miles

1982 400i Automatic
Color: Rosso Corsa
Features: Dual A/C Model

Chassis: 40065
VIN: ZFFEB06B000040065
Miles: 38080

Ferrari Classiche: Has not gone through process, but was told by Continental it would be a strong candidate
Titled: Illinois (Chicago Vacation Home)
Registered: Illinois (Chicago Vacation Home)
Emissions Status: Exempt in Illinois
Currently Resides: Santa Clara, California, USA (Shipped into San Francisco Bay Area to drive around during Monterey Car Week)
CA BAR Sticker: None, no modifications done to engine/emissions/fuel system in order to preserve future Classiche status
CA Registration Information: http://www.ferrarichat.com/forum/365-gt4-2-2-400-412/233297-smog-importation-into-california-400i.html

Reason for Selling: Casa Ferrari Monterey clinched my decision to purchase a 2010 California. Many F-Chatters may disagree, but I do not need 2 prancing horses in the stable.

The car has been professionally serviced most of its life at the original Dealer, Continental Ferrari, and well-preserved by a top notch body shop that shares its space with one of the greatest Alfa Romeo mechanics in the country.

Asking price: $34,900

Price justification: Car is close to Hagerty Vehicle Condition 1 - $39,700 found at the following link.

https://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vbe=83359

Exterior 9/10, Interior 9/10, runs and drives as a car of its era would. It could use the following following parts and labor to reach Condition 1 level, and I have priced this in.

1 105598 Exh Manifold - $1290
1 105598 Exh Manifold - $1290
4 147630 Gasket - $76
4 147631 Gasket - $76
4 146698 Gasket - $76
20 127496 Washer/Lock D.8-14.9 - $20
20 179808 Nut M 8X1.25X7.6 - $20
DUCEL 4888 12V 17A A/C Fan Motor - $300
8 hours of dedicated, skilled Ferrari labor at $150-$200/hr rate

Around $4800 in parts and labor needed

Brand New in 2015:

Full exterior and interior restoration
Full inspection/service + clear, documented bill of health from Continental Ferrari, including engine/transmission service
New Michelin TRX 240-5vr415 tires (less than 200 miles put on them in total)
New Center Wheel Caps
BC1 Terminal
MT-36R Battery
12 100604 Spark Plug
2 113283 Air Filter
M6 Carb Cleaner
M10 Brake Clean
140567 Carbon and Spring
200D Techron
7499 Vacuum Modulator
M7 ATF
S/S-AF45 G OF Freeze
20W50 Oil
2 PH2804-1 Oil Filter
Custom-made exact 1982 Ferrari 400i safety spec retractable seatbelts
Custom-made floor mats that look fantastic
Windshield washer pump
Wipers and blades
Re-drilled distributor cap
Ignition wire
Fuel damper
A/C Retrofit Kit

What is included in sale:

$20,000+ in documented service history
Original well-preserved OEM leather keychain that came with purchase
Original Window Sticker
Original Instruction Book
Original Warranty Card and Owner's Service Book with the tear-out sheets torn out to 12,500 miles
3 ignition keys
1 glove box / door key
412 badge in addition to the 400i badge on the car now
412 matchbox elite car to keep on your desk
Spare wheel and excellent condition Michelin TRX 240-55vr415 tire
$800 custom-made luxurious car cover
The old wheel caps, old spark plugs, old filters
The old seat belts
OEM 4-way lug wrench

Mile-by-mile vehicle history:

Purchased 02/13/1982 at Continental Ferrari per Warranty Card
0-10000 miles: serviced at Continental via Warranty Card
At some point car was sold back to Continental. I have no service records for this time.
08/05/1986: purchased at 29311 miles from Continental by J.P. Hahn
09/23/1988: purchased at ~33000 miles from J.P. Hahn by A. Heidorn
10/13/1988: transmission serviced
01/31/1989: odometer swapped out for 180mph
02/01/1989-07/19/00: self maintained for ~5k miles, garage queen, self-maintained by owner of body shop specializing in Italian car restoration
07/19/00: 37131 miles, minor service by dealer
07/20/00 - 02/21/2015: driven a few miles every month
02/22/2015: I purchased at 37782 miles from A. Heidorn
March 2015: restoration begins at same body shop specializing in Italian car restoration

Refinish roof
Refinish left fender
Repaint bumpers
Replace rear deck (leather)
Paintless dent repair (3 dents)
Refinish rims satin
Rear glass replacement
Metal patch right apron
Recoat right and left rocker
Black out exhaust
Retip exhaust with yellow
Install rear glass
Undercoat
Chip guard wheel wells
Front bumper laumps
Re-align weatherstrips

May 2015, 37809 miles: Full inspection, engine/transmission service, and tires/wheelcaps by Contintental Ferrari, given clean bill of health before shipping to Bay Area for car week
August 2015, 38000 miles: Fuel Damper, A/C service, Washer Pump, Seat Belts, Coolant
Sept 2015, right front bumper loose, fixed by body shop
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Hello everyone, thank you for all the interest and offers. Compression test completed today from the best, Juan from Grand Prix Motors Campbell, CA, USA, revealed that the cause of the slight coolant leak was *not* due to the head gaskets, but due to a variety of hoses and pumps that needed to be swapped out due to age. I have this work scheduled to be done on November 2nd:

Coolant hoses
Rebuild water pump
Water pump kit
Hose clamps
Coolant change
Change oil and filters
Heater hose

Juan did say that the exhaust manifolds could be repaired for much lower cost than replacement, and that the car is due for a completely new exhaust. The 400 forum has a variety of articles on the cost to replace that.

 

I had a few people making offers before the compression test, and I thought those that were on the fence before the test should know the good news. Let's talk over PM. Thanks for your interest.

 

So just to be clear, on Nov 2nd all the coolant leak work will start:

Coolant hoses
Rebuild water pump
Water pump kit
Hose clamps
Coolant change
Change oil and filters
Heater hose

I will not be replacing the exhaust at that time. If I decide to replace the exhaust, I will keep the car. While I'm at it, I would put in a custom-made sound system as well. Juan from GrandPrix told me it would take 4-6 weeks to get the new stainless steel exhaust (probably from Rutlands), repair the manifolds, and do a meticulous installation of the exhaust. He quoted me around $7000 to do that job.

 

Thank you for the kind words. Since determining that the leak is quite minor, I've had a flood of interest.

OH I WONDER what it would take to convert this to a 5 speed! I presume it would be prohibitively expensive.

 

Car has been sold. Thank you for the interest and positive feedback about the car.