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Approx what $$$ to bring this 328 Back to presentable Condition

Discussion in '308/328' started by qedqeq, Dec 27, 2016.

  1. theunissenguido

    theunissenguido Formula 3
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    Jan 21, 2004
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    Guido
    Have seen worse cars sold at those prices. My impression is that many good driveble F's are rebuild "just in case". And I see often here on F-chat that after REBUILD cars starts to develope more problems...ending in soaps of problems and forced selling.
    Also noticed that a car like this for sale, some are trying to scare buyers of. Why ? Maybe they hope to buy that car themselve at reduced prices.
    If realy intrested in a car like this, go check yourself and take a real "specialist" with you.
    And even then, after a test drive and general impression, you still think its for you, dont hesitate : buy that "thing". You never regret it. You will when not buying it, in the future !
     
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  3. piezo

    piezo Formula 3
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    Was really curious about your previous comment "Buy that car and drive it. When there are problems, just deal (repair it) with them." while the ad says clearly "recommissioning" needed. So your impression of that stated recommissioning in the ad means unnecessary rebuild as you sounded like so in your previous comment by saying "drive it".

    And your assumption of others that have responded here seem strange to me. And that's a lot of assumptions indeed.
     
  4. Dr Tommy Cosgrove

    Dr Tommy Cosgrove Three Time F1 World Champ
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    May 4, 2001
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    2 years ago I was about to bring home a 81 GTB. For this crowd it would be "rough" to say the least but mechanically it was fine, in fact it would scream. It had a very simple electronic FI system installed but it really woke that engine up. Not fast by today's standards but if you have been driving 308's for 20 years like me it would put a smile on your face.

    Windshield was scratched, no tool kit, front bumper was puling apart from water getting around the turn signal and rusting the metal part down in there. Leather was tearing from various places on the console. Just a bunch of stuff. I seem to remember the roof was dented in slightly (the type of "dent" that you only notice if you stoop level to it and look).

    But I knew the car and was going to pay $25,000 for it and drive it every single day. All the time. It was going home with me and would be my new daily driver rain or shine, summer or winter.

    Before I could close the deal someone offered him $10,000 more as is on the spot. It was worth every penny of $25,000 to me in that day's market, but not $35,000. I passed but my point is you can find these and just use them and I had every intention of doing so and I was going to leave the windshield and bumper alone.

    These cars have a market out there but the price has to be right. If that car needed engine work I would have walked away if he wanted $20,000.
     
  5. Rifledriver

    Rifledriver Two Time F1 World Champ

    Apr 29, 2004
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    Correct and the market will not support a smart buyer paying 50+ for the car in question.
     
  6. bpu699

    bpu699 F1 World Champ
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    As someone who has brought a Porsche 930 back from the dead... DON'T DO IT!!!

    If you add up your time, hassle, unknown costs, parts, lost time, time fiddling, yada, yada... I could have bought a perfect spec fully restored 930... or 959 for that matter :). And, the car is nowhere near done...

    Restoring cars makes sense if your time is worth ZERO, or your bank account is worth INFINITY.
     
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  8. Rifledriver

    Rifledriver Two Time F1 World Champ

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    Been saying that for a long time but you just can't help some people.
     
  9. Albert-LP

    Albert-LP F1 Veteran
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    #32 Albert-LP, Dec 28, 2016
    Last edited: Dec 28, 2016
    If you are satisfied with a car in average conditions, if you don't care about something bad working or in bad shape and you can stand a Ferrari that no more looks like what it was when new, this (or another one like this) is your car.

    I got my drysump at 50 k two years ago. It worked, I drove it from the seller home in Milan to my mechanic shop in Maranello (200 km) without any problems. The first picture in my thread "the last but one drysump is almost ready" is that 50 k car. The last picture is a 133 k euro car: The difference is 83 k

    Ciao
     
  10. dflett

    dflett Formula 3

    Jun 24, 2005
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    Or if restoring cars is a hobby that you are happy to spend money on without being concerned about if you are under or by how much. You pays your money and takes your choice.
     
  11. bpu699

    bpu699 F1 World Champ
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    That's the only way it makes sense... I tell myself it's a hobby...
     
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  13. pad

    pad Formula 3

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  14. ferrariowner

    ferrariowner Formula Junior

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    You see cars like this all the time. Sometimes its a Ferrari.

    You can't restore this car and be anywhere near the market price of a nice one. You probably can't sell it for parts and get your money back.
    So why bother (there's a sucker born every minute). Don't be a sucker.
     
  15. tbakowsky

    tbakowsky F1 World Champ
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    She needs work for sure. but I don't see it being really that bad. It is defiantly priced to high.
     
  16. Brian A

    Brian A Formula 3

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    There are a lot of us who throw a lot of love at our cars. I am sometimes surprised at how much rationalizing goes on among we owners of cars from one of the most prestigious automobile manufacturers in history. We tend to wring our hands too much.

    It took me a long time to understand the folks who restore (or restored; they are getting kinda old) the likes of 1955 Chevrolets. They'd spend $40k, $60k, $80k building them, and upon completion become immediately bored and sell them for 10% of their cost. I now understand that the joy was in the restoration process; not the end result.

    I am not commenting on any car in particular and certainly not offering judgements on value for money regarding the car in question. I am just calling out that different people enjoy different challenges and "sick puppies" call some people more strongly than might be financially rational.
     
  17. dflett

    dflett Formula 3

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    For some, travel is about the destination. For others it's about the journey. It's the same for classic cars.
     
  18. Albert-LP

    Albert-LP F1 Veteran
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    #40 Albert-LP, Dec 29, 2016
    Last edited: Dec 29, 2016

    Correct. There are too many that just look at classic cars like an investment. A classic Ferrari can be also your youth dream, or your love, or your son, or just a fantastic looking car you like more than the modern Ferrari. It's up to you. Everyone can do what he wants with his money, there isn't an unique way to spend (or save) them.

    If you want to maximize your profit (or minimize the losses...) the best way is to buy the best car available and keep it as is, but the restoring process of an old wreckage that once was a Ferrari and seeing it while it reborns, it's priceless! But it's very expensive and maybe you will lose some (or much) money the day you will resell it.

    Coming to topic, this 328 doesn't look so bad, in picture (but the judgment must be done in person so I would recomend a correct PPI even if the price is very attractive).

    ciao
     
  19. Dr Tommy Cosgrove

    Dr Tommy Cosgrove Three Time F1 World Champ
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    It isn't as much how bad this one looks as it is how much this one costs.

    Someone is getting intoxicated at a "low" price for a 328. They aren't really so excited over THAT 328 - just the price.

    Buying that car for that money would make perfect sense to me if it had some sentimental value for whatever reason but that is it. Other than that, the numbers don't work.

    Why spend that for this and then more to make it less good as one that costs less and needs nearly nothing? Without an emotional attachment, how does that ever make sense?
     
  20. JV's89

    JV's89 F1 Rookie
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    When I see a car this deteriorated I wonder what circumstances could have led to such a waste.

    Looks like a $20k car to me; but only to someone looking for a very big and expensive project.

    This may be a case of it being worth less than the sum of its parts.
     
  21. DGS

    DGS Four Time F1 World Champ

    May 27, 2003
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    And that's part of the trouble trying to evaluate a car from an ad.

    From the coachwork and interior, we presume the mechanicals are thrashed also.
    Probably so.

    But this car is in Queens, NYC.
    That's not a place you're going to keep a car's exterior in concours condition.
    (Two years around DC inflicted a lot of parking abuse on my EVO.)

    Way back when, in the NY metro area, I've seen cars (mostly American) mechanically modded and built to the nines, but left with thrashed coachwork in order to deter theft.

    Not saying that's the case, here.
    These days, NYC is as much about show as go. It's not the city I remember.

    But when I bought my 328, it was only "fair" (not as far gone as this one).
    I rammed the price down, and then put a bundle into getting it mechanically perfect, but left the coachwork "fair".
    And then used it as a summer daily driver, not having to worry about parking lots.
    17 years later, I still have it.

    So we'd really need more information on the condition of the chassis, mechanicals, and electrics to really know just how overpriced this edition may be.

    Even a reseller might not know for sure, as it may be something taken in trade and then transferred to another reseller.
    But since even the ad indicates it needs help, it's probably thrashed across the board.

    Just saying that sometimes a car may be in better shape than it looks.
     
  22. Rifledriver

    Rifledriver Two Time F1 World Champ

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    Well put.
     
  23. Rifledriver

    Rifledriver Two Time F1 World Champ

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    And it might be but that still does not make it worth anywhere near 54G's.
     
  24. furmano

    furmano Two Time F1 World Champ
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    Yeah, $55,000 to buy, $15,000 to paint, $15,000 to redo interior, $20,000+ for engine/trans, that alone results in a ~$100,000 328 GTS. Plus there's probably $15,000 worth in other stuff (wheel refinish, electrical, bits and bobs, etc.).

    So realistically, this might be a $120,000+ GTS.

    The math ain't adding up.

    I bet a really nice black pre-88.5 GTS could be had for less. Definitely could be had for less headache. :)

    -F
     
  25. JV's89

    JV's89 F1 Rookie
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    Interesting perspective, and if I understand your post, no self respecting car thief would be caught dead in this particular car. :D

    I wouldn't be able to enjoy a car in need of so much cosmetic work, (at least as far as the interior is concerned) regardless of mechanical condition.

    I hope someone saves the car from a one-way ticket to Rutlands, but at $54k, it's hard to imagine.
     
  26. Rifledriver

    Rifledriver Two Time F1 World Champ

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    Well Ted passed away and it remains to be seen how eager the others are to buy a running car and take a sawszall to it. A lot of us gave Ted a hard time for that but he helped keep a lot of cars on the road that way. He stopped by once on his way home with a decent looking 81 308 on the trailer he was going to part out. It was a decent looking, driving car but was worth more in parts than it was complete. That's just the economics of the business.
     
  27. JV's89

    JV's89 F1 Rookie
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    Including mine. He gave me a great deal on re-manufactured heads several years ago. Spent some time on the phone with him and he was great to deal with.
     
  28. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
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    This is correct....the current values cannot support a full restoration.....
     

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