328 reality check...

The price is a little rich I believe. It's not easy to sell cars needing a major, so I would make an offer on it of 50-52K. If he's willing to pay for half a major up to 2500., he's willing to take 52.5K. Get a PPI for sure. Sounds like a deal that can be done if you are patient and hard ball enough.

Good luck,
Dave

 

I get that it is a 328 or nothing, but there may be a FACTORY RESTORED 308GTS out there somewhere soon...

I'm just sayin-

 

Jeff, it's overpriced!

Is it a consignment car?

 

I would say any price you pay is a market correct price. I paid 64k for my 89 with low miles and no 30 k service. I have 75k in it now after all the service, tires and a 3200 dollar detail job. JJ

 

I know a 328 is considered to be one of the more reliable cars of the Ferrari line, but $55K sounds steep to me. But it all depends on what you really want. If your not really sure, dont bite.

In any case, leave your heart at home when you look and think about it. Because your heart will cloud your vision.

 

Figure a quarter of the purchase price for a service to bring a garage queen up to "daily driver" levels. If you get the appropriate discount for the needed service, getting a car to put into the shop can work out, because then you know exactly how the service was done. Most people don't do it that way, because they don't want to put the car in the shop right off, and because many people selling garage queens think they only need to knock a couple of K off the top market price.

But I'd find a good local shop before you go car hunting. You need to know that you can have a garage queen fixed up properly, and even a "like new" car is going to require regular maintenance.

And a local mechanic may be able to point you to a good car going onto the market.

Everybody has their own negotiation methods. I usually figure that a counter-offer is in the right ballpark when the salesman starts sweating blood.

 

Jeff,

Check the ads here on Fchat - I believe 285ferrari has an 89 still available at a very good price. I think $50k and the service was done in 2004. Red tan 38000 miles or so.

He is near Baltimore.

my

 

Sales Tax would be $3,075 on 55k (without a trade), something else to think about. That's if they charge you WI sales tax (can't remember if they do for sure, but I believe so if you buy across the "border"). That's more than half the cost of the major right there too. Something to drive that price to 60k.

Oh hey Jeff! It's Jim. Let me know if we're going to look at this car. It's a borderline car when taking everything into account..........Is the price worth it, it's really close on this one I believe.

 

I think the price is high, by at least $5k. If the service was up to date, it would be closer.

 

I too have been looking at 328s. 50K+ 328s scare me. I'm not as knowledgeable as some on the list, but I can't see the 50K + trend continuing. Personally, I don't think there is enough difference between the 86-87 vs the 88.5 or 89 ABS models to warrant a 10K price difference.

However, there appears to be alot of "junk" cars out there, so maybe 50K+ for a good car might be acceptable.

The service is an issue, engine in, but it still shows lack of maintenance. Alot of cars go up for sale when the service is due it appears. Owners buy the car and can't afford to maintain them.

As someone else mentioned, Rob (285ferrari) has a 89 Red/Tan ABS model, I've re-considered it a bit. Might be worth comparing to the one you have an eye on.

James in Denver

 

http://ferrarichat.com/forum/showthread.php?t=114872

Just lowered the price to 49K---will be trading it in --in 2 weeks if there is no intrest...

 

if robs is 50k with 38k miles and this one is 55k with 24k, i can't see how there is much difference.(not bustin on robs car) i just paid 54k for a similar 89 with a 3year old service. i think you are "rich" by a couple thousand but so what? it's a 55k car. it's near you, it's available. if it checks out buy it. why nit pick over a couple thousand and lose a good car. i like the idea of buying a car that neads a service but otherwise checks out. you get it done right and you don't have to worry about it for awhile. i looked at several 328's and finding the right color combo, miles ect. is very hard. if you find the right one, don't drive yourself crazy over a couple thousand.

P.S. i also did a clutch and tires and will need rotors and pads soon. could have
waited, but i want it right.

 

You guys can look for "beat down" prices on later 328s all you want, but IMO it's important to realize the huge spread between years.......without going into the garage queen debate, I have seen "as new" sub 1,000 mile cars and they are still in the $60- 65K range....even $70K if in the hands of a dealership.

Admittedly a driver will be less, but I think we have a while to wait before '88 '89 ABS cars go for $30-40K..........

Since you asked......no telling which way the "collectible" factor will swing, in my mind all the injected cars are drivers.....

All dealership cars have what I call the "$5K profit factor" on them, so they'll always be that much higher than a private party.

 

And per FNA your belts/tensioners are indeed due for replacement.....

 

50k+ for a good 328 is perfectly normal and, in many instances, low. There are 88/5's and 89's trading hands consistently for $60k+. The key is getting a good car. I looked hard and pretty much everything that I have seen under $48k is a turd of some sort that needs something. It's nearly impossible to have a great 328 with under 30k miles for less than $50k to $55k by the time you do the service, address any issues, and pay other incidentals (285Ferrari's car notwithstanding, as that seems like a good deal - I think that people are needlessly scared of by the mileage).

Also, why do you not see the $50k+ trend continuing? The prices have been there for years and are consistently creeping upward ot even higher levels. I figure that you must have some very good inside information. Good 328's are hard to find.

 

$55k is way too much for a higher mile 328 in good condition, it should be mint with under 15k miles for that price, I'd say this car is worth $47-$48k max.

 

if it were me i would not pay more than 50K. i also think that it's a good thing the seller is willing to pay for half the major. it would tell me that he doesn't believe there will be a laundry list of items that need to be fixed--that this could be a solid car. of course, that's without the 5K cap. if he's still willing to do the deal without the cap, go for it.

john

 

I wouldn't worry that it's due for a major service if it has a good maintenance history (fluids changed, etc.). The newer clutch is a nice bonus.

Obviously, get the major taken care of ASAP if you buy it. I bought one that was due and had the peace of mind of knowing when the 30K was done, and having it done right because I cared as a buyer. I negotiated a couple thousand off the asking price based on the service being due. I think that's a reasonable/normal way to approach it.

Just under $55K for a nice 328 is fine, assuming the inspection finds nothing big (bad compression, frame damage, grinding gearbox, etc.) There was another post on fchat this week from someone who haggled the last few grand on a primo 355 and ended up having the car sold out from under him. He was kicking himself.

I had a hard time finding a nice 328 last year. For the better survivors, I don't think prices are heading down.

Don't be misled by some of the ratty 308s and 328s out there - I know of a white/tan one in the Pacific NW that has been for sale forever, in the low $40K range recently, because the selling dealer doesn't want it inspected. Low price, doesn't smell like much of a deal to me.

 

That's all I was trying to say, thanks.....

If you grade on a 1 to 10 scale and then review years of production the cars values quickly become a jumbled up mess! LOL!

 

I think Robs car has a few benefits over the original car in question.

89 vs 88.5 - A slight premium, if only very slight.
painted top (some might disagree, I think its a plus)
Much more recent service -- I read alot into this. His car seems to be very well maintained from his posts here and the description for the car.

I think this car (Robs) has become a steal at < 50K. Buy it, do a major next year and still be ahead. It really hurts me that I am missing all of these good cars waiting on my house hunting exercise to end. Otherwise I would be on my way to Maryland. The extra miles would not bother me a bit, I would want one thats been driven, and I would never sell so it doesnt matter. I really can't believe he hasn't sold that car yet. It must be his avatar

 

Now that's funny! His avatar kinda does scare me.

 

It's just me last Halloween!!! playing Grim Reaper with Noah's unibrow..

 

Looks like a clown that doesn't even pretend to be nice or funny. Just pure evil, as all clowns are deep inside.