Absolute Bottom Price for a Running FCar?

Are you talking private sale only or including auctions?

 

Two years ago I sold my 348 with less than 30K in miles for $35K. It was part of purchasing the 360 coupe for $80K.

 

I paid $25K in January of this year for a running/driving nicely sorted 85 Mondial QV.

Major service was done 3k Miles ago, in 2012. I plan to drive it for 2 years for doing another major.

Sid

 

Pretty sure there isn't a smooth-running Ferrari for sale under $30k. Some might go under for a quick sale, but even non-junk Mondials are asking serious money now. 348s, the next "misunderstood Ferrari," are quickly shedding their former reputation and are starting to take off.

The Ferrari itch is affecting a lot of nostalgic young people, and the cars are now within reach of earlier Millennials with pent-up demand. We are seeing the effects on all models, multiplied by rarity.

 

car price aside, insurance and maintenance cost too much.

 

Don't think it is nostalgia impacting young people, though may depend on how you define young? Young people today care less about Ferraris (or cars in general) than pretty much any other time. There is still a decent car culture but it is a niche and much smaller than it was 30+ years ago. If by young, you mean 30 year olds? I don't think they are driving demand for 348s and mondials. I think it is just the market overall has moved up and some of the spreads start to look difficult to defend... sorta like rising tide lifting all boats.

All of the above hurts me, personally, since I'm a car fanatic. But I think it is the same demand base, with speculation lately, lifting values. That's all.

BTW, in support of my comment about niche market, check out Chris Harris or any of the "household" car reviewer names. Their Youtube hits aren't enough to say they are capturing a serious share of youth today... they are getting a very, very sizable share of the existing market, but it isn't a huge market.

Top Gear is as much a comedy show as a car show. My wife enjoys it and finds it funny but she really doesn't care one iota about cars. If it were truly enthusiast focused (aka 5th gear) it would be ... well... as successful as 5th gear...

 

I would agree. At least where I live in California, the divide between between upper and middle class grew drastically over the last few years. These cars are more expensive to get into. If mine wasn't left to me, I wouldn't be on here posting with all of you. (though you could say I earned it through waxing it a million times in my youth at no charge).

There is a whole trend of car spotting that has taken over the youth. It is much cheaper to buy a camera and take a picture, then post your experience to facebook and instigram than to actually buy a car. That is why I try to give rides to people that show interest in something older - so they can see how wonderful the experience is!

Kids now have a new set of unicorn cars they played in video games. They do love cars. They can afford something that is Japanese or Euro and they like to tune and customize. There is a whole movement around these cars. When they grow up more, mature and get more money, they will want an exotic.

The cars I consider to be in trouble are the brass era cars. What is that market going to do when the current group of owners isn't around to care for them.

Ferrari's, as long as the company is around, will always have a market because it is a Ferrari.

Just my .02

 

I would totally agree with that statement. When I was 16 years old I had my license on my birthday and a car to drive 2 weeks later. All my friends did whether they were driving around with a piece of crap or if mommy and daddy bought them a new car. I have run across a lot of young people in there early 20's that don't even have a drivers license and don't care. I think to a lot of these young people social media is the most important thing in their lives. Have a car rates down the list. I think the collector car hobby will really shrink in the next 20 years. I just don't see the Interest out there like when I was a kid.

 

There is always an inexpensive yet to be discovere ferrRi.
Dino's were a 10-15k car in the late 70s
308gt4s in the early 2ks

These days I think you could find a pretty decentt runing 2 valve mondial for 25k
These cars are slow as in 0-60 in more than 8 secs. But they also drive And feel great.

A lot of un-discovered ferraris are zooming like tr's and a lot of pedestrian ferraris are being temporarily pulled in their wake

For 15k in the late 70s you could have a new Cadillac or a Dino.
Today 50k+ is a caddy and the same money could buy a really nice 456.

As we know in the 50-100k range which is the price of most luxury sor near luxur sedans there are many many f car choices from 308's to 360's not coincidentally that's the price range for the bulk of used fcars and the value even the newer v8 ones seem to decend to.

I think one needs to also be very aware of the difference between asking and actual transactions because there are a lot of really bold asks out there.

 

Here you go:
Cars for Sale: 1985 Ferrari Mondial in Englewood, NJ 07631: Convertible Details - 386861458 - Autotrader

 

Actually a couple of comments.

There seems to be a very healthy car culture with the younger crowd. After I got my Ferrari this year, I started going to Cars and Coffee in Dallas. It's a huge show, 500+ cars every month, and thousands of people. Lots and lots of young people. Lots of young couples both showing and looking at cars.

My own 27YO is also a "car nut" (probably genetic). He has his own "vintage" Saab, and he greatly helps me with my Ferrari maintenance.

I'm greatly encouraged by what I've seen. I think the Car culture is alive and well.

Sid

 

Keep in mind they have the same drivetrain as the 3x8s of the same year, and no one complains about those cars.

I own an 85 QV Mondial. What a fun car to drive. Handling is superb - some say better than the 3x8s because of the slightly longer wheel base. It feels fast, sounds great, and is a blast to cruise around in. And, that backseat is a bonus if you have kids. I've never met a kid that doesn't love riding around in a Ferrari!

Mondials are a great value right now. 2v (80-82) run in the low 20's. 4v QVs (83-85) run in the mid 20's to mid 30's. 3.2s (85-89) run about 30-35k. And ts (89-93) run about 35k plus.

As I mentioned above, I gave $25k for my Mondial Coupe in Jan. It's in almost perfect running/driving condition. Cosmetically - she's a 15footer. The PO tracked her so she has a zillion rock chips up front. Mechanically - almost perfect.

Sid

 

I agree modials are great. a Qv is very different to a 2v though.

 

within the last 12 months I've come across at least 2 dozen mondials both coupe and convrt for well under $25k. There was an 8 coupe here recently for 14.5K. They have been much more rare as the market has moved up, but there are still some hiding out there sub $20K. Obviously in that price range those cars will need things and are only for a veteran owner or DIYer type owner for it to make sense.

 

I know your question was about the price of cars but it seems the discussion turned to include who is buying. I think that the internet and the basic skills of being able to take a picture and or video and ask for help online has opened up the pool of potential buyers. Think about the access we have now. That sure gives me some confidence to be an exotic owner, where before......no way Jose!

 

At the moment Mondial 8 are at the lowest running F Car priced around $20K

And hey its a Ferrari!

So you can afford your DD and an exotic too!

All cars need work and god knows how much Ive left on the table with my worthless DD but its nice to have my exotic in the garage too!

 

I paid $10,000 for my 1982 Mondial 8 last October. Running, driving, less than 30,xxx miles.

The past owner had put approx. $11,000 into it from 2010+
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That's the winner!

 

..................good looking car Ken.

 

Thanks Greg! She's all tucked in for the year unfortunately as of right now (I'm deployed) but I plan on DD'ing her when I get back in May.

Also, I have a friend looking at a '93 348 TS Red/Creme too this month, it's $26K, due for a Major, but it shows that there are still deals out there!

 

excellent !

 

^^^^^

What he said . Ladies and gentlemen we have a winner !

 

Bear in mind that the most expensive Ferrari you'll ever buy may well be the cheapest one you can find.

Mike