288 GTO Prices/Availability

It all depends. Does the car have EPA/DOT paperwork? Does the car have a real California BAR label? A real 1500 miles, or just showing 1500 miles? I've seen three used GTO speedometers for sale. I called all three and all three said they were available because the owner of the car wanted a new speedometer because the mileage showing was "too high". I purchased one of them as a spare. It had all of 6500 miles on it.

For what it is worth, I turned down $500K for mine. My car is a real CA BAR label, EPA, DOT currently registered in CA car. I personally think $500K is a bit high. But, the potential buyer really wanted the car and I didn't want to sell. Oh, and it's no 1500 trailer queen. Mine gets driven.

$400K - $450K is probably the right figure for a good, EPA/DOT legal, GTO in the US.

Steve

 

Hey i find one but it´s on belgium.
http://www.belgoexports.com/&03_fiche.php?id_car=95

 

I agree. I was going to say $425-450K. Think you'd be lucky to find one in the low $400's...

Simon

 

To think I was offered a 288GTO in 1986 for $135k by the Ferrari dealer but decided it looked too much like the 308 I had. So I bought a TR instead. Oh well!

 

we all have stories that would have taken crystal balls to imagine how they have turned out....but though scarcer than the F-40, the 288 GTO is a great car, but imho not worth 500,000

 

The other thing I should have mentioned on 288 GTOs is the updates. Ferrari had several updates on these cars, some of them quite expensive. These will effect the price of the car as well. Most GTOs have not had these updated performed on them.

1. Bell Housing update - expensive
2. Oil Update Kit - expensive
3. Seat belt update - free (at least if you are in the USA)
4. Wiring Update - inexpensive

I think there is at least one more, but I can't quite remember off-hand what it was. Maybe something with the fuel lines.

The Bell Housing update is expensive because you have to remove the bell housing, send it to Ferrari in Itay (or, at least you did when mine was done), the actual cost of coating the bell housing was cheap (around $90 at the time), send it back, and then put it back into the car. Most guys just cheat and change their brake/clutch fluid frequently to deal with the gas problem (magnesium reacting with the fluid).

The oil update kit is expensive in parts and labor. This update kit is rare and most dealers, for some reason, don't even know it exists. If you hear this, tell them it's part number 70000-60800-0000 (FNA p/n D1015747) The kit consists of a remote oil pressure sender, ten different steel braided and reinforced oil lines, piles of clamps and fittings, and other misc stuff.

The seat belt update is reinforcing the seat belt mounting points. This was a factory recall and, as such, was done for free.

The wiring update is about shielding the wiring. GTOs, for whatever reason, came with unshielded wiring. This caused no end of pain for mechanics and owners chasing down odd things with the engine management system. One of the most common was one bank of cylinders "towing" the other. Once the wiring was shielded, all this odd-ball electrical things went away (except ones related to the poor soldering on the fuse panels on that era of Ferrari).

When a car has all the updates, it generally gets premium money.

Steve

 

Thanks for that very interesting post on the 288 Updates. There were a couple in there that I was not aware of.

Any other pointers on maintenance issues in your experience?
It seems pretty difficult to locate a good 288, few cars and lots of stories on the cars that are available.