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Cheap 348 92' on Ebay $39K

Discussion in '348/355' started by 308GTS, Nov 26, 2003.

  1. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
  2. Bmyth-FDC

    Bmyth-FDC F1 Rookie

    Oct 4, 2002
    2,742
    Southern California
    Full Name:
    Byron

    That's very cheap... my initial reaction is that the car will probably need a 30k service plus some work on the interior console pieces... that should put the car price at/around the $45-47k range. For a car with 31k miles, that is probably priced right. The paint looks pretty good, though... seats don't look like they are worn too badly. Engine shows some rust?? Probably just rain exposure.

    However, for a first ferrari, this doesn't seem like that bad of a buy... anybody ever deal with or buy from bayshore automotive?
     
  3. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
    I think it is a steal. I would pick it up in a second if I just didn't buy a car. I may still see if I can pick it up. It would be fun. Plus I would like to take a trip to Florida right now.
     
  4. L8Braker

    L8Braker Formula 3

    Nov 10, 2003
    1,561
    Asheville NC
    Full Name:
    Jeremy Stafford
    Ok I'm interested in buying this car........what should I be looking for as this would be my first Ferrari. Any help is appreciated. I bid on it to $25,000 but I know the reserve is going to be around 36-37,000.

    Lets say the 30k service is not done how much will that cost?

    Thanks
    Jeremy
     
  5. wax

    wax Four Time F1 World Champ
    Advising Moderator

    Jul 20, 2003
    41,725
    SFPD
    Full Name:
    Dirty Harry
    Whoa, hold your horses and that money burning a hole in your pocket, young man - know before you go.
     
  6. L8Braker

    L8Braker Formula 3

    Nov 10, 2003
    1,561
    Asheville NC
    Full Name:
    Jeremy Stafford
    Meaning??? I'm asking for your help which is the second step. I've been lurking the forum and several ferrari sites for information regarding 348 ferrari's for quite some time now. I haven't just come to a snap decision, please help me fill in the details.
     
  7. Tillman

    Tillman Splenda Daddy
    Global Moderator Owner

    Nov 26, 2001
    22,932
    E ' ' '/ F
    Full Name:
    Tillman!

    Your profile doesn't indicate where you're from. The price of a service can vary widely depending on (a) where you are (b) whether there's an authorized dealer or good independent or both in your area and (c) what else is required in addition to the 'normal' major service.

    Call around, and also call Norwood Performance (they're a sponsor on the board).

    It's standard for a potential buyer to get a pre-purchase inspection on the car. This entails having a mechanic of your choice check out the car and tell you everything that needs repair on the car. A Ferrari specialist is helpful at this point, although not all cars are going to be near a specialist.

    You can also ask a local Fchatter to go check the car out for you. I've done this for a few people in the Dallas area.

    Then go with your gut. I did none of the above, but ended up with a good car because my local mechanics knew and recommended the car.

    Assuming that it needs the service and isn't a wreck, you'll probably be 45K or more into the car after purchase price/taxes/repairs. That's not a bad price for the car, actually.
     
  8. L8Braker

    L8Braker Formula 3

    Nov 10, 2003
    1,561
    Asheville NC
    Full Name:
    Jeremy Stafford
    MANY THANKS TILLMAN

    I updated my profile while you posted haha. I'm in NC. I'll check to see if my sister in sarasota can find a ferrari mechanic and have it check out for me. Thanks again for the great advice.

    I want to join you guys as a Ferrari Owner however I want to make sure I will enjoy that glorious screaming V8 as much as I can. There is a local 348 owner whom I'm going to contact and see if he can also give me some pointers.

    But like you say Tillman 45k with tax/service is not a bad price.
     
  9. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
    For this price I don't think it will be around long enough for you to set up a PPI and inspect it yourself. I agree that you should have a PPI especially since this is your first Ferrari plus it could have had some type of damage and someone bought it and repaired it, then carfax won't pick it up. Just to be honest though I think it will go quick.
     
  10. sparta49

    sparta49 F1 Veteran
    Rossa Subscribed Owner

    Mar 3, 2001
    7,794
    LA
    Full Name:
    Frank
    That does look like a good buy, I just purchased a blk / blk 91 348tb for 39K with 2 years left to go on the major service
     
  11. L8Braker

    L8Braker Formula 3

    Nov 10, 2003
    1,561
    Asheville NC
    Full Name:
    Jeremy Stafford

    How do you like it so far? Any quibles? Or anything much better than you thought?
     
  12. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
    Well the Buy It Now is gone. He is going to let it ride. Now it will probably go to $48K or so.
     
  13. racedecknc

    racedecknc Karting

    Nov 24, 2003
    198
    Winston Salem
    Full Name:
    Ed
    I think his reserve was extremely reasonable. It will be interesting to see how far it goes.

    Ed
     
  14. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
    I agree. I was going to go ahead an hit the buy it now but someone hit the reserve. The bad part is that they probably aren't a serious buyer and if they didn't bid I would have a 348 now. Now if I can only get him to retract his bid the BIN will come back LOL!
     
  15. Tyson

    Tyson Formula Junior

    Jun 5, 2003
    636
    Idaho
  16. 308GTS

    308GTS Formula 3

    Dec 27, 2001
    2,220
    TN
    Good Detective work. He maybe uping the bid. I can't stand that with ebay that or the seller has another account to up the bid.
     
  17. zjpj

    zjpj F1 Veteran

    Nov 4, 2003
    5,938
    USA
    Ugh! That's so annoying. Why even pay for a Buy it Now if you are going to meet the reserve yourself? Good luck with the car - it looks great. I always liked 348s
     
  18. f355spider

    f355spider F1 World Champ
    Rossa Subscribed Owner

    May 29, 2001
    16,555
    USA
    Full Name:
    Hugh G. Rection
    CiLKy,
    You are bidding on a car with no idea what the major service costs, and could potentially entail? Ebay Motors preys upon the unknowing....There are rarely "bargains" in exotic cars, especially on Ebay...let's face it guys, ALL cars look pretty good based on a few digital photos. Things can really change when you show up in person, see it "in the flesh", and have a proper inspection done.

    I see two "red flags" right off the bat:

    1) If this is a true "one owner" car, why wouldn't the owner sell this car himself as a private party, instead of using a broker/dealer?

    2) Why is the "reserve, below wholesale book", (through a dealer no less) if the car is such a prime example? The owner is going to net very little for his/her car, but selling cheap, and through a dealer.

    There is something wrong with this car, that is not being disclosed...either a wreck, flood damage, or major malfunction....something.
     
  19. Im definetly with dave its really easy to detail the worse of looking cars and make them look new again and then sell them. Even though they have some major flaws not visible to the eye.
     
  20. matteo

    matteo F1 World Champ

    Aug 1, 2002
    13,748
    On a plane somewhere
    Full Name:
    Heir Butt
    My old 308 showed up on ebay as a "perfect" car. It needed a 12K engine rebuild when I traded it in.

    If it's too good to be true, then it must be.
     

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