Asking Prices are getting higher all the time | FerrariChat

Asking Prices are getting higher all the time

Discussion in '308/328' started by Wade, Sep 23, 2006.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
  2. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    people throw stuff on ebay for ridiculous prices all the time. doesn't cost anything. does not reflect any rise in actual sales prices.
     
  3. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    The recent issue of the Ferrari Market Letter Asking Price Index shows a 17.40% increase over six months ago for a 308 GTB QV and 15.9% for GTS QVs. They're now in the high 30s/low40s price range ($29.5k for a 308 GTB). Does the FML use eBay as a source of data?
     
  4. chefrobear

    chefrobear Formula Junior

    Mar 6, 2002
    463
    cravanzana, Italia
    Full Name:
    Robert Ginsberg
    You can ask all you want. what counts is what the car sells for!!
     
  5. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,187
    E ' ' '/ F
    Full Name:
    Snike Fingersmith
    Hell, I'm asking $75,000 for my 94,000 mile 328... :D
     
  6. flyingboa

    flyingboa Formula 3

    Nov 27, 2003
    1,564
    Italy
    Full Name:
    Eugenio Dalla Rosa
    This guy dreams. And if he will ever find someone who pays that amount of money, really there is something wrong out there.
    Ciao
    Eugenio
     
  7. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Hurry up and drive it over 100k, then you can list it as a rare under 5000 mile example ;)

    Maybe having "Bhagwan Bob" as a previous owner elevates this to a celebrity car.
     
  8. Bandit

    Bandit Formula Junior

    Dec 21, 2003
    493
    Central MS
    Full Name:
    Mike B.
    The car is actually a 1985 QV Euro.

    It is priced at what I would expect for a concours condition for the claimed mileage of 24K.

    Based on his description, the car needs work. Major service due, aftermarket switch to control the headlights, quite a bit of front spoiler and seat wear, needs tires, no jack or tools, and is unwilling to part with the original service records.

    On the other hand if everything else is in good shape and the car passes a PPI with good results, I wouldn't think a price around $30K would be unreasonable.
     
  9. MREUS

    MREUS Formula Junior
    Owner

    Jul 24, 2006
    832
    Huntington Beach, CA
    Looks like he put in the wrong title. Everywhere else it says 1985...and it's a Euro version. Does not look like they kept it up though.
     
  10. MREUS

    MREUS Formula Junior
    Owner

    Jul 24, 2006
    832
    Huntington Beach, CA
    Did you read this?

    "There is a small imprint on the left front fender where I stood on the car to change a lightbulb in the garage."

    DOH!
     
  11. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Now there's a conversation piece!!!
     
  12. johng

    johng Formula 3

    Oct 23, 2004
    2,298
    northern va
    Full Name:
    john g
    that alone makes me not want to buy this car.
     
  13. James in Denver

    James in Denver Formula 3

    May 23, 2006
    2,136
    Centennial Colorado
    Full Name:
    James in Denver
    Seriously, who steps on a Ferrari to change a light bulb? (there's a joke in there somewhere).

    But I mean, is this guy to lazy to get the keys and back the car up just a bit to get to the garage light bulb?

    2 things I would infer:
    1) The guy is lazy in general and would I trust that he gave the car so much as an oil change?
    2) He doesn't respect the car enough to think stepping on it would be acceptable. If he doesn't respect it, why would I think he would take care of it?

    Anyway, I didnt click on the link, it just strikes me as odd that someone would use thier Ferrari as a step ladder.

    James in Denver

     
  14. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,601
    Gates Mills, Ohio
    Full Name:
    Jon
    It's called "patina" and it's worth a premium. ;)

    They are hard to find nice. The '89 328 is a little easier to find (because they were often bought as investments), but based on the time it took me to find mine I can see how someone would pay a premium for a really good 308. Now, whether a boot print on the fender really adds to the charm of this one is arguable...
     
  15. BLUROAD

    BLUROAD F1 Veteran

    Feb 3, 2006
    6,081
    Tustin Ranch, Cali
    Full Name:
    Enrico Pollini
    Is there such a thing as Bad Patina rather than GOod. JJ
     
  16. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,601
    Gates Mills, Ohio
    Full Name:
    Jon
    Kinda depends on if you're buying or selling...
     
  17. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,079
    Savannah

    :mad:

    what a freaking idiot. i would not buy it either, just for this one sin, much less all the other crap thats wrong with it.
     
  18. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    if you don't know, you need to subscribe.
     
  19. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    I'm still current, that's where I got the info for post #3 of this thread :) Their site doesn't mention where they obtain data for the API. I'd like to assume they don't use eBay based on the amount of scams that seem to occur there regularly.

    From Volume 27 Number 22 "The FML A.P.I. was intended as a barometer showing where the market was headed, which is why figures from the past are also shown. That was important when it was first created because prices were changing rapidly. Maybe it’s a fallacy, but I believe as asking prices go so go selling prices. If the A.P.I. figure for your particular favorite model has gone up 20 percent in the past two years then there is a good chance that selling prices have likewise gone up 20 percent, and of course the opposite is true."

    This car is probably a decent project for someone but it's the $40,000 starting bid price that got my attention.
     
  20. branko

    branko F1 Rookie
    Owner

    Mar 17, 2003
    3,710
    Birmingham, Alabama
    Full Name:
    Branko Medenica
    IMHO, I like the fact that asking prices are going up. Just makes mine more valuable.
     
  21. gerard.hansen

    gerard.hansen Formula Junior

    Jun 29, 2004
    665
    Hattiesburg/Petal MS
    Full Name:
    Gerard D. Hansen
    I'm with you Branko. Forza October issue has a market report on V8's. They report a $5000 increase in prices on most models between '05 and '06.
     
  22. Challenge64

    Challenge64 F1 Veteran
    Owner Rossa Subscribed

    Jul 28, 2004
    6,366
    Full Name:
    Ron
    FYI - This car was advertised in the FML page 15 of issue V31 #7 - April 8, 2006.

    description was - "1985 Euro Prod. Red with tan interior. One owner since imported. Reasonable offers entertained. 37,850 km $40,000."
     
  23. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,386
    Houston, Texas
    Full Name:
    Bubba
    2 threads on this car.... it is a 1985 if you read the description......

    Good value I'd say, you can also change light bulbs with it.......
     
  24. Sean F.

    Sean F. F1 Rookie

    Feb 4, 2003
    3,066
    Kansas
    Full Name:
    Sean F
    Well I used to think I'd never list my car if I sell it so you guys can chop it to bits but this thread confirms that. I've already got three interested parties so I'll go to them first.

    Stood on the car to change bulb....yeah, it was stupid. Anyone here driven over 100mph on a public road. Yeah, that was smart. But I'd like the poeple here whove NEVER done something stupid in their whole life, and then realized afterward "WOW, was I dumb" to please stand up......just what I thought silence.

    If he was a member here you'd all be patting him on the back for "being honest" about the car. But hey, this is Ferrarichat and nothing less than a bare metal strip down and respray for $15,000 will even be considered for fixing this small dent! In fact, you'd better replace the whole front end.

    If Norwoods serviced the car as he claims, he has all the receipts (& Norwood can confirm all this if you ask them!) and other than the tools/books/jack and the small dent in the front, what is really wrong with this car? Not much.

    Euro 308 have a strong pull for many poeple and I'd say it's worth at least $35k. Considering a no stories US car (with tools and no dent) in similar condition would easily sell for $40k, I'd say this one is at least worth close to $35k. In the end, it's worth whatever someone will pay for it.

    Sorry for the rant, but sometimes you guys are little over the top.
     
  25. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,386
    Houston, Texas
    Full Name:
    Bubba
    I said much the same brudda!

    A one owner Texas euro car with some characters in the history!

    You getting out of yours?

    Ours are so well kept an ad in the Chronicle would move it out the door!
    Or as trade in over at FoH!

    Watch ya gonna get instead? Good pic in the A/C thread of your helper!
     

Share This Page