328 on BAT

Hello all,

I have been looking at the 328 world for a while now as I have had 5 Ferriais but missed the 328. There is an interesting low mileage car on BAT now.

https://bringatrailer.com/listing/1986-ferrari-328-gts-30/

My first observation is the several rust spots which I would think for a 1 owner Ca car is a little different. Of course location of the car to water etc , yes many-many variables. Like to see some opinions on the condition of this car with the stated mileage of this car which I am having a bit of a problem with. I have had 2000 mile 18 year old cars that were flawless.

look forward to the group input

thx

 

Rare to see one owner car 36 years later.
Should have all the maintenance records and original collateral.

 

Agreed, however, the question remains, does this car's physical condition align with a car with 7100 miles that has been well cared for.

thx alot

 

Thx.

I am referring to pic #127 thru # 131. Any thoughts on those pics? thx Rob

 

The rust at the front of the car is a bit weird. That's a really CRUSTY rust spot, more going on there than meets the eye. I have three 328's including a car that was from Pennsylvania, that when I purchased it in about 1990, had 85 thousand HARD miles put on it. Living the beginning of it's life obviously driving on salted roads, there's NOT rust like this car has. The rust around the passenger side radiator top.is curious. Water is going to stream down the hood and theoretically DRAIN through the two holes in the front shroud. The passenger side hole could have been plugged for a LONG time.

I really DO think the miles are legit. The guy LOVED the car in the first few years and then simply stopped driving it. With pictures of the service and smog receipts it's pretty verifiable. Car didn't get driven a thousand miles in the last ten- twelve years! They sure got carried away with the undercoating on the car.

The low miles MAY be appealing, but not driving the car is pretty bad for it. I just purchased a 3000 mile, one owner Testarossa last year, and what he went through on the fuel injection components was shocking. In my FIRST drive in the car the fuel accumulator started leaking like a sieve. Leaking at the crimped joint of the part. I've never replaced one in any other Ferrari in forty years. Having gas just SITTING in metal parts is bad news. Much better to drive the car, and keep the gas fresh. My Testarossa was purchased off of BAT. I don't think I'll do that again. It's not possible to really tell how good or bad a car is in pictures. Nothing beats just being able to kick the tires and SEE the car up front. The glare of a shiny car in pictures can hide a LOT of sins.

 

Thanks a lot! Yes, There is MORE going on! The hunt continues.. Thanks again

 

That rust would be a deal breaker for me. It seems like a good car, but that is not good at all!

I was very lucky and got a 328 on sept at BaT and get a really great car for 82k

 

I know the area very well. Its a pretty dry area. The rust is a result of washing the car more than driving it. I believe the mileage. I also know the guy taking care of the car. He's one of the good guys. I'd probably buy it but I'd try real hard to get a discount for the rust repair.

 

Sounds like a good guy from his posts at BaT.
Do you think then it’s not due to an accident?

there’s rust as well under… this pic.

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Ooohhhh Didn't notice that bit!

thx

 

Where would you put the value of that car price-wise then? By the way, it seems last night after a short drive with a prospective buyer ,it is now dripping oil he states.

thx much

 

wouldn’t mind that. I made the full service at Ferrari and one month later there are a couple of drops on mine…. Simple job.
Of course if it’s only from the pan, not elsewhere.

 

I don't keep track. I promised my mother I wouldn't practice law or sell cars.

 

Year and mileage please?

thx alot

 

1988. 46k

 

I'm not going to say it's never just the pan, but it's almost never just the pan. The way the engine is designed it looks like the pan is leaking whenever something above is leaky.

Oil has been sitting in the pan for years and not leaking? The car is driven and suddenly that which has been submerged this whole time is leaking? Doesn't it seem more likely that something that is pressure fed when the engine is running, or gets splashed on when the engine is running is much more likely?

Oil leaks aren't the end of the world, but go in with your eyes open.

 

I saw you get this car. Really good buy.


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We will see what the PPi reveal on Monday.. Love the input as it does seem more logical!

thx

 

It certainly is appealing to buy a car that only has 7100 miles on it, but the car is 35 years old. The engine emissions decal is almost wiped out. None of my cars looks anything like this. It's almost like they used some highly alkaline cleaner to wash this car. The decal is normally protected by the engine cover. Combine this along with the streaks showing in the front valance where undercoating was stripped off in streaks. It's really strange.

The car has less than a thousand miles on it over the last 10 years. One would think sitting in a garage with a car cover on it, this car would be pristine- unless some residual cleaning chemical was just working away on some of the car. All three of my 328's have ZERO rust at the weep holes at the front of the hood. Where the rust is located the front shroud is welded to the underlying frame of the car. It could be ignored, but to fix it, is going to be a bit of money. I'm betting at some point, somebody used a really awful cleaning product on this car Rinsed the car off, dried the exterior but never opened the hood to clean and dry out the crack. I open and dry everything when I wash a car. If the hole was plugged and the car put away wet for a year or more at a time, bingo rust. The seven thousand miles is a bonus on the interior. The seats, carpets and the rest of the upholstery is spared all the wear and tear.

With the value of money plunging, I'd rather buy a car like this than have money sitting in the bank. The values of Ferraris certainly show this right now.

 

I have been watching this auction on BaT from the beginning. The seller seems to be an honest person,, even offering to schedule a PPI on the car on Monday. I would not be hesitant about buying the car due to this issue. The new buyer should expect to deal with several issues from the car being unused for several years. My 328 was purchased last Fall and it also had sat for the majority of time since 2017. I am going through the car, replacing things as I find them. This car needs the suspension bushings replaced and the oil leak needs addressing, but I think it will make a great car.

 

And then we have this. Ten times the mileage, yet it is mint! Where would you park your money
https://www.ferrarichat.com/forum/threads/86-328-gts.652408/

 

Well, the reality is that if you are going to "park" your money, the BAT car is a better "investment" because of the mileage (assuming the mileage is correct/verifiable. That's just the way it is. If you are going to USE the car, that's a different issue especially because adding mileage to the BAT car will steadily reduce its "value."

 

About a year ago I decided to "park" some money in a 3000 mile Testarossa. In retrospect, I think it was stupid, because I like to DRIVE my cars. If you want a car to just LOOK at it, and make it pristine, buy the low miles car. BUT if you want to drive it, buy one that's been driven, but loved.

I've driven my low mile TR- ONE mile. Cautiously, because frankly I didn't trust it. Good thing too, because on it's maiden voyage with me behind the wheel, it was spewing out fuel from the fuel accumulator, on one side.

The other way to look at it, is if you can find a low mile car, and you want to drive the daylights out of it- who cares. The person who bought my Testarossa new, paid MORE for it in 1991, than I did 30 years later. I SHOULD just look at it and think it's no different than buying a 458 and putting ten thousand miles on it, every mile was an EVENT! Who KNOWS whether we're going through a weird bubble right now or not- but currently ANY car is a good investment. I can sell my 458 right now for what I paid for it six years ago. But what FUN is just having the money?

At what point will a 328 be like a Dino? Who cares how many miles are on the cars. There's NO punishment in value for driving them .