I just bought an 89 TR and people have told me they are going to sky rocket! Thoughts???
Maybe. In time perhaps. If you bought the car for an investment, you could do better. If you bought the car for enjoyment...you won't do any better!!
I have a 94 512tr and I highly doubt they will sky rocket. I can pretty much assure u they wont. why wld they? cld really clean ones continue to hold value or go up a little? sure. are they all going to go up? no way.
Apparently for many reasons they will not go up for many years to come. That is what I've been told and the reason given had lots of sense. Good for me I guess.
I HAVE A 308,348, AND A 456....BUT THIS IS MY FAV BY FAR ! ANY IDEAS THOUGH IF I DID WANT TO PARK SOME MONEY IN A F-CAR WHAT WOULD THAT CAR BE?
F-40, Enzo, F-50, LaFerrari. The list goes on! Buy what you like and can afford. The rest is what it is.
It is funny to see the same cars on ebay listed over and over again, some for years! Find the lowest priced one and take off 10%, that's the ONE that will sell.
I don't see TR prices taking off, not in this economy, but they should remain steady IMO, especially excellent examples
Any preEnzo car will have a lot more potential to go up and some have gone up significanly already. The only postEnzo cars that have skyrocketed in the past 2-3 years are the supercars. Are they going to continue to go up or they are at their peak that's the question.
One thing is almost sure is that the TR are probably at their lowest price right now. So they can't go lower I guess. You are almost sure to enjoy a iconic Ferrari 12 cylinder with no depreciation. That is not bad.
If you wouldn't mind sharing I'd love to hear the reason. I think that the stifled values is hurting the model, as long as prices stay low and the value doesn't rise then proper care and maintenance will falter, given a long enough time line of low value the model may never rise and when it does the number of decent examples may be non-existent. look at the Mondial, never a big collector nor highly valued, more then likely never will. the number of good ones are dropping by the yr. 3x8's also seem to suffer this problem, an engine rebuild costs 90~200% the value of the entire car! the prices should start around 100k and go up, similar to the 246 Dino. just my .12
Since 2008 TR prices have not only stabilized but are beginning to climb......slowly. But if you want a car that is fun to drive and own.....now is the time.
The reason given to me by two different person that are in the business were: Many were built and many are for sale. The maintnance cost is expensive for most everyday man. Only the prime exemples will sell at higher price to the collectors. It all make sense to me.
FWIW, it is important to note that there are two tracks for Testarossas. There are the collectors, who want all original low mileage cars, with the expectation that they will rise, and there is everybody else. Among the collector market, prices are increasing steadily. Auction results for a couple of the crop early single mirror cars, as well as private sales I have been privy too support this theory. Moreover, I have been offered for my personal car substantial sums on a few occasions, which I have, perhaps unwisely, turned down. For the vast majority of purchasers, the supply of solid, dependable cars, that have minor defects, higher mileage, or later years, still outstrips the demand, so I expect prices will remain stable on these cars but not rise as fast as say, Sandy Eggo's low mileage, pristine, rare colored single mirror TR. As an aside, the 512TR market in general certainly appears to have picked up quite a head of steam in the last few months, anybody else notice that! Just my. 02
Nobody can predict the future. But what I do know is this. The Lamborighini Countaches were at the bottom in the late 90s early 2000s. You could get them for the same price as the TR. The same type of buyer for a Countach is more or less the same type of buyer for a TR. They are both iconic, both v12s, both very flamouyant/extreme in design, both from the same era, and were both the IT supercars of their heyday. Countaches are flying, selling at 140-160k these days. Reason being the production is much lower than the Rossa. The reason this car bottomed and has taken awhile to rise is a result of the large supply, not the maintenance. Once the Testarossa becomes rare it definitely will rise and rise high. It is just a matter of when. Also, we are seeing more and more Testarossas selling at prices over 100k at auctions which hasn't happened in a long time. Somebody posted a mediocre 87 with 10k that fetched over 100k at an auction recently. All current signs point to a steady rise IMO. I don't buy cars to speculate, I buy them for the love of the game. I love my TR and will never sell her. But obviously it will be fun to sit back and watch her rise!
That is an accurate statement. But they have also seen many leave the road. Maintaining one isn't cheap, but if done by a quality independent shop, not outrageous. Many gentlemen here perform their own service saving them a considerable amount of money. Very knowledgeable people on this site that can offer valid tips, recommended shops & fair deals on parts for said vehicle. If you want a iconic Ferrari....then the TR is one of them. I know this because I am a member of the club. Love the 80's and the car of the 80's.....Ferrari Testarossa.
I just drove my single mirror today for the second time this year, and noticed I have 62,200kms....oh my how 13 plus years have passed .... I guess it's only worth 50 grand.... How about I just keep it with a blanket in the garage and whoever wants one goes and finds their own For those of you on the fence, you better hurry, they ain't making any more of them
Oh by the way, I believe clean cars don't last... this one is now pending on the website. 1991 Ferrari Testarossa San Diego, California | Jake's Motorcars
Next year the earliest of the TRs turn 30 which will allow them to be classified as 'old timers' in Germany. This allows them to obtain more favourable registration / road tax treatment which could help dry up the market in Europe over the coming years. Something to think about (I already have my '91 so I am covered).
I own a 1987......................stone chips on the front end............."whiskey dents" here and there................NON-OEM, Gold Kit/Hoses/Billet diff/shift linkage/Driven constantly/52K miles............A well sorted and driven daily car.......Priceless!! Me
