348TS (euro) with accident history | FerrariChat

348TS (euro) with accident history

Discussion in '348/355' started by pez, Jan 20, 2005.

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  1. pez

    pez Rookie

    Jan 10, 2005
    22
    I've been lurking for a couple of weeks & finally need some wisdom from the board that the search button could not suffice...

    I have the opportunity to purchase a '90 348TS (Euro) with 10k km on it. I know the mileage to be genuine but I also know that the car was involved in a rather heavy accident a few years ago(a fact that the seller noted to me). There was no structural damage, proven by the ferrari dealer with the whole thing on a jig and fluoroscope - & the insurance co. coughed up for all the work to be done (by the ferrari dealer).

    A couple of questions..
    1) Knowing that the car was in accident would this put you off?

    2) What to you estimate the value of the car ? (In very good condition with it just having had its annual service & the cam belts done ?

    3) Anything in particular I should ask about re: this car or 348TS's in general ?

    Thanks!
     
  2. Ricambi America

    Ricambi America F1 World Champ
    Sponsor Owner

    Keep looking.

    There are plenty of 1990 348ts cars around without accident history in good shape. How can you have a "pretty heavy accident", and no frame damage? Either the accident wasn't that bad, or there was likely some damage. One side of the equation doesn't seem right.


    Anyway, having said all that -- a Euro car, with an accident history might straddle the 40K mark. Resale will be time-consuming.


    -Daniel
     
  3. 348 Turbo

    348 Turbo Formula 3

    Jul 17, 2002
    1,837
    If you can buy it right, and you love it, go for it. So, it was in an accident, are you trying to win the concourse? If not, it was fixed, period. I'd not let it discourage me, if I loved the car. It is worth what you're willing to pay for it; not a cent more.
     
  4. PassionIsFerrari

    PassionIsFerrari Formula 3

    Aug 15, 2004
    2,454
    Definitely low ball him if you buy because its gonna happen to you when you sell it. People look for a reason to save and this is a big reason. Its all about how much you can get it for. $20k yes (ill buy it if you dont), $30k yes....$35k probably, $40k....probably not....$45k...nope, pass....Thats what my price structure would look like.
     
  5. johng

    johng Formula 3

    Oct 23, 2004
    2,298
    northern va
    Full Name:
    john g
    i agree with the above comment that it's tough to get into a heavy accident without frame damage. and you could go to 4 different shops to have the car checked out and could well end up with 4 different opinoins. my feeling is don't save money now just to get hosed down the road.

    john
     
  6. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,294
    Colorado
    Full Name:
    Dave
    Most Ferrari models are pretty tough structurally, so it could be OK. It's easy to run up a big body repair bill without damaging the frames, etc. Being a Euro car, it probably will not pass emissions in many jurisdictions. Engine management, cam timing, etc. could be different from US. Having said that, if it drives out well and you can buy it cheap (like 30K) and you really want one to drive the crap out of, this might be your car. If there is a plus about a car with accident history, it is that you won't be obsessing abut the car's condition, incidental damage, wear, etc. You can just drive and enjoy. You couald probably put 50K on it and sell for 25K as parts car. Cheap driving by Fcar standards.

    Dave
     
  7. DaMonsta

    DaMonsta Rookie

    Dec 22, 2004
    13
    south of France
    Full Name:
    Jim Ashley
    Heavy accident, in my opinion, keep looking. Just because it lines up now doesn't mean it'll line up after a couple of thousand miles of driving. Be thankfull they were honest with you and move on, is what I say.

    Regards,
    Jim
     
  8. pez

    pez Rookie

    Jan 10, 2005
    22
    The car has a FFSH just had an annual service with the belts done. In great condition with v low mileage.

    Surely most ferraris on the road have been in a bang of some sort but if the car has been ok'd by ferrari should this significantly devalue the car ?
    As you can tell I'm trying to get an idea on mkt sentiment :)
     
  9. Kevallino

    Kevallino Formula 3

    Feb 10, 2004
    2,257
    Mid-Ohio
    Full Name:
    Kevin
    I am one of the 'buy it cheap and drive the crap out of it' types. So have it checked out - maybe spend the money to have it checked on a frame machine and if it is straight, why not???

    But definitely buy it cheap because when (if) you go to sell it you will have to sell it cheap too.

    Cheers
    Kevin
     
  10. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    If it was fixed properly then who the heck cares? Surely a good body man can look at the car closely and tell you what you've got. The racing Ferraris had "9 lives" thanks to patching, re-patching, repainting, etc. One might even make the case that a Ferrari surely hasn't even been broken in rightfully and properly without a fender bender of some sort.

    Sort of like little boys. If they don't have cuts and scrapes and bruises, they aren't being little boys.

    Buy it!
     
  11. dapper

    dapper Formula Junior

    Nov 10, 2003
    711
    Bristol, UK
    Full Name:
    Dave
    "Knowing that the car was in accident would this put you off?"

    Yes, I'm one of those who would walk, sorry but you did ask.
     
  12. Higgins23

    Higgins23 Karting

    Jul 16, 2004
    179
    Europe
    I would only touch it if I was planning on driving it into the ground and was absolutely sure that the frame was straight. Suggest you get a second & third opinion on the chassis. If you are looking to resell in a year or 2, you likely will have major problems.
     
  13. tjacoby

    tjacoby F1 Rookie

    Nov 1, 2003
    2,857
    Vancouver Canada
    Full Name:
    tj
    good cross-section of opinions, probably typical of what you'll encounter when it's time to sell. Lots will walk, and low, low, low-ball you. If the price is right, you like the car enough, don't care about resale, and everything checks out - go for it. But there are lots of 348's out there to look at. But looks like it'll be a tough sell later with two strikes against : Euro, and "major" damage.
     
  14. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,058
    Savannah
    i am running late so sorry if this is short. i had a 308 with frame damage. i got the car cheap, fixed it properly and drove it and enjoyed it. i am sorry but most of the folks here are cry babies with too much money and all they care about is resale and depriciation. buy the damn car if it passes a inspection and PPI and enjoy it. the 308 i had drove fine and was in perfect alighnment when we got done with it. i have deatailed pics i can post later. these cars are very strong, i am sick of the cry baby types who do nothing but pay others to work on thier cars , yet they have such great opinions on here .

    these comments are not directed at anyone who has posted in this thread, just a general statment. how many folks here have been under thier own car on a frame machine after working thier day job for 12 hours?????? not many i bet. if one can onw a "whatever" cheap enough, and the car has been properly repaired, i would jump all over it. wait till i get a beater 512BBoxer. :)
     
  15. 348SStb

    348SStb F1 Rookie
    Owner

    Shave 10-15K right off the asking price (at least).

    Given that it's a Euro model, it's worth less.

    Pay in the mid-to-high 30s for it. No one else will pay more...
     
  16. PassionIsFerrari

    PassionIsFerrari Formula 3

    Aug 15, 2004
    2,454
    I concur. Mid 30s is where you want to be. If it were me, the highest i would go is 37K...at that point i would find something that is between 42-45K with no accident history.
     
  17. sparta49

    sparta49 F1 Veteran
    Owner

    Mar 3, 2001
    7,804
    LA
    Full Name:
    Frank
    I bought my US 348 tb 1991 for just under 40K . All dealer service no accident history. I'd say a max of 30K for this car. There are too many never wrecked 348s around in the low to mid 40's plus it is a gray market car.
     
  18. pez

    pez Rookie

    Jan 10, 2005
    22
    cross section of opinions.. just what I was looking for thanks guys !
    by the way when I say euro I just mean it is not a US spec car & since I'm in Asia it's not a problem :)
     
  19. Higgins23

    Higgins23 Karting

    Jul 16, 2004
    179
    Europe
    If you are in Asia, then I would see the Euro spec car as being a plus vs a US spec car.
     

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