Any upside to Daytonas left?

Terry is a really good guy and does not over price cars.
I bought my Dino from him and it has been a great car.
While I am shocked at the price of 275s, it would not suprise me if it sold soon. When I last spoke to him, he said there was not much of a difference between wholesale and retail on these cars as the demand is so high.

Maybe they were cheap for too long.

jts

 

Second that. He sold me a great 300SL Roadster that is everything he said it was and the price at the time was absolutely in the middle of the market. He did me a great favor as those cars are now skyrocketing into Gullwing territory and beyond.

 

Wow Dave, I just saw it sat!

 

Nice!

 

Dave,
Any word on the final sales price?
Happy Holidays,
Scott

 

Nope.

Kind of a difficult question to ask. I'll see what I can find out. Dropping the Dino off today for year end service.

Dave

 

$188k start / $239k BIN
Very original and only needs detailing to be concours
http://cgi.ebay.com/ebaymotors/1971-Ferrari-Daytona-365GTB-4_W0QQitemZ130060784486QQihZ003QQcategoryZ6212QQrdZ1QQcmdZViewItem

Does this seem like a screaming deal or priced about what lesser cars went for a year ago?

 

If the car only needs to be detailed in order to be "concours", then why wouldnt the seller splurge the few hundred bucks to have it detailed and then sell it as a concours car ????

This car looks like a pretty decent buy to me as a "nice driver" but I believe if you wanted to enter it into FCA concours stuff... you would either need to be happy scoring silly low or be prepared to pony up $50K+ for the "detailing" job.

Look at the suspension, underside, door jambs and nooks/cranies in the engine bay. This car is a nice driver. Thats how its priced as well. I do love the color!




Terry

 

I have just completed a long search for a great Daytona and I have to agree, this car is just a driver, definitely not even within striking distance of "concours." Another key negative factor with this car that is not discussed above is that it is (i) a Euro car, and more importantly, a (ii) plexi nose car. In my experience, these cars always trade at a discount to the pop-up style, to the point that an overwhelming majority of buyers will not even buy such a car, no matter how cheap. Let's face it, if a guy can spend $240K on a car, he car afford to hold out for exactly what he wants and spend $275 instead. My feeling about this market (having just been in it) is that an honest nice car with no stories or imminent deferred maintenance problems is going to run no less than $250K. A show car will run substantially more.

Michael

 

How much of a price variation for Borrani's vs Alloy's vs Both?

 

Thats interesting. It seems most folks in the trade say the plexi nosed cars trade at a premium, not a discount. They are certainly more scarce and pure to the design.

When I decided I wanted a Daytona, it was plexi nose or nothing. Styled by the D.O.T. just didnt appeal to me. I find the plexi nose to be FAR superior in looks. Its cleaner, more aggressive looking and its lighter.

It is true however that they screw the functionality of the headlights. I drive around at night with the brights on all the time as the dims are a joke.



Terry

 

While it's true the plexi cars are far more rare than the pop-up cars, as anyone who trades in vintage merchandise will tell you, rarity alone does not determine value. As we all know, there are plenty of rare things that will never be worth as much or as easily sold as more "common" things that may be, for a variety of reasons, more appealing to collectors. While the headlight change may have been initiated because of the DOT regulations, the revised Daytona was still pure Ferrari and Pininfarina.

When I started looking for at Daytonas last year, the last "cheap" one in the US was a plexi car that sat, unbought, at $135K for months after the prices had otherwise risen to around $175K. This wasn't some hidden car, either, it was nationally advertised and located at a major dealer's facility.

Michael

 

So, your saying that this car that was unsaleable, even at a far lower price, was perfect in every other way and the ONLY reason anyone would have ever had to not want it was the plexi nose?

I have followed every Daytona advertised over the past 4 years. Which one was this? Which dealer and what time frame?

Eye of the beholder I guess. Like I said, I wouldnt own anything but a plexi nosed Daytona. I love mine. The plexi nose looks much better to me. I dont think I am the only one who thinks so. I believe there are dealers who have posted in this very thread that plexi nosed cars usually command a small premium. The recent Daytona article in Classic Cars magazine had dealers quoted the same.




Terry

 

And sold to Europe not America for approx 125K may I add,
I believe we are speaking about the same car at Auto Gallery in Woodland Hills CA

 

The car was at Heritage Classics in West Hollywood, CA. I believe it sold about a year ago, if I remember correctly. I didn't PPI the car, but I am sure there were things that needed attention, as with any old car. Overall, it looked like a nice enough car, and I did see it in person so I have some idea what it looked like.

I realize there are folks out there who prefer a plexi car and would not consider anything else, but I can tell you there is at least one guy who wouldn't, and I voted with my money.

Michael

 

So Tom, you agree the plexi nosed cars are unsaleable dogs with far less demand? Or does it depend on whether your buying or selling?


Where do you see the overall Daytona market, currently and over the next year?




Terry

 

Plexi nose cars are appreciated by Japanese market, european understand them and appreciate them and educated only american collectors, that have experience or are enthusiasts know what they are about.
Kinda like "L" series dino.

I would venture to say plexinose cars need to be discounted to sell to the American market place. I have never had a first time Daytona buyer START looking for a Plexinose car. That is an aquired taste.

BTW: It is my preference, but what do I know.

 

Funny you write that... because I am just beginning to consider a daytona (and prob 2 years away from being able to pull the trigger...) and am deciding if I prefer the plexi or "DOT" nose. I'm on the fence. I suspect most US buyers search for a DOT car, because of the feeling, right or wrong, that it is the more desired model.

I don't know which I prefer... but I do like my cars "as enzo intended", which would imply that I should prefer the plexi-nose (as I don't feel it would have been changed except for the gov regs.)

Hopefully, I'll be able to let you know what I decided in a couple years...

 

As an un-educated american (in terms of ferrari daytonas) what exactly is there to understand and appreciate that makes the plexi-nosed cars so much different.

Personally, the cars don't appear different enough to even make a difference to me for making a purchase.

 

Actually, I think the US model flows better aesthetically since it's not broken up in front as the plexi-nosed cars are. Obviously it's all a matter of opinion.
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in the dec 06/ jan/07 CAVALLINO. daytona coupe low $200k high $350k...spyder low $675k high $775k expinaton of 'low';"indicates cars in poor condition, or with dubious history, or no competition history,etc" high ; indicates cars in excellent condition, or restored cars, or cars with proven histories, or with competion histories etc. appears to me the arrow is pointing NORTH! and i think they are still under priced for the longer term.

 

Interesting revisiting these price projections today.

 

daytonas are a hell of a buy now but many are in less than ideal condition and others fluffed up. buy the best you can.
and, only real men need apply

 

So you personally work on modern Ferraris (with your Leorando tablet) and find them easier than the old-school?
Carburetors and points are more complicated than the ECUs, TFTs, and black boxes in current cars?
Tinkering with them since the '70s, I've met plenty of young and old gearheads who know how to work on Enzo-era machinery.
Paraphrasing, I think it was "Rifledriver" who said, "the last running Ferrari will be a 275 or 330...."