Damn these 308 prices are going up fast!

time to start buying 308's!!!!!!

 

The word is out, and that's how the market works, as it moves.

Low miles, new interior, great (reshot) paint..

That's the 'new' $25K, man!!!

"Asked with peace and love"......love that sheeit....

 

it's worth the extra money to NOT have to deal with the one at Schmidt Motors, St. Louis, MO

 

That car is drop dead gorgeous!

 

Just by the pics if any steel 308 is worth this money it's this one.

 

I Await Carreaper's and others to start blowing a head gasket when they see this one

 

I thought Schmidt Motors was more of a Rolls Royce Camargue coupe kind of guy...
CH

 

Certainly a great price for the Gotta-have-it-now types.

 

I'm not sure how good a Platinum award is but if it is as clean as it looks then it will probably bring a little more money than an average clean driver GTB. Award winning or freshly properly restored cars are the exception not the rule. Plus that is their buy it now asking price, not selling price.

Don't get me wrong, I think 308's are undervalued for sure but that's why I bought 2 of them in the last year and at reasonable prices in my mind compared to other sports cars. The GT4 I bought last month had an article in the paperwork from 1989 saying exactly what everyone has been saying for the last 6 months on here (actually I guess the last 20 years). I'll have to print a copy because it was all about how 308's are about jump in price any day and how they are the best Ferrari value for the money, next in line to become a collectible. Well, it's 15 years later and everyone seems to be saying the same thing. Probably next year, right.

 

At least 95 points

 

Two spare plugs, one of each heat range, there is a place in the jack bag, to tuck them in.

Belt set correct, as the 1977 only has two fan belts, if equipped with A/C, there is a tiny one for the air pumps though..
Nice books, nice tools...

That's a very late 1977 to have a hard washer bottle, probably in the 23xxx range?
Don't see a VIN?

 

If it is actually true that 308 prices are going up, that is music to the ears of this 308 owner who is waaay "invested" in a 308 that was restored and classiched at the factory.

 

Pretty sure I saw this car at Cavallino. It was stunning.

 

Excellent example of a as new car. The spare tire area is not period correct as they had a vinyl cover unless this was a very late 77. The molded spare was in the 78 model. This is not a typical example so maybe it will get a good price. Lets see what it sels for.

 

Then compared to an early 911, this GTB could be a bargain. Or at least a fair albeit high price.

 

Those ebay ask prices are pretty strong. I wonder how many are moving at those figures?

 

Your 308 sir, is in a different league!

 

Not surprised prices are moving up. Now only a matter of time before the bashers chime in.

 

I think what we're seeing is mostly more price differentiation happening with excellent examples. The overall average price has been moving up but not by a whole lot. Wouldn't be surprised if steel cars in great shape climb into what used to be glass car price territory.

 

Me neither, but then how much are glass cars going to cost in a few years? ;-)

 

Thats the key. It's good to want but lets wait and see what it sells for before cracking open the champagne.


And for all you guys sitting on the edge of your seat wanting these cars to go up in value never forget that is a very sharp double edged sword. A rise in value naturally puts more and more cars further and further out of reach for enthusiasts but we all pretty much know that. It does inspire more people to tool up and make hard or impossible to find replacement parts and that can be a good thing.But if you like the price of parts now you wont like the price of those parts. Insurance will go up and almost every cost associated with keeping a car or service and repair will go up as well. Do you really believe a shop, any shop services a 250 GTO for the same price as a 308? Extreme example I know but a valid one. The prices I charge absolutely by business necessity are effeced by the value of the cars I work on. What do you think doubling the price of a car will do to the price of the parts. And forget scronging a substitute that will work. Now that will destroy the cars value.

Just ask Ed Niles or Dike Ridgeley if they would have had a lot of fun with GTO's,SWB's and Cal Spiders back in the 60's if those cars had the value then that they do now. Why do you think those cars seldom see the light of day today?

Money spoils the fun of these cars, it doesn't improve it

 

I am glad I am famous enough that you and others actually give two ****s what I think. Like I said before: These were fun cars when I was buying them cheap. After having 11 of them so cheap, I for one have moved on as they are not worth the stupid prices. The majority of them need valve jobs and the head gaskets replaced, if you want to protect that crappy $25,000 engine, or just pay the experts to "hopefully" rebuilt it properly.

Way too many things out there to spend the money on.

308's are not one of them.

 

What an interesting perspective. I've never really thought about it in those terms (but then I'm also not an avid tracker of car values).

I think you are dead right though.

 

There were quite a lot of 308s built. Not in the 3 -30 range of ultra rare Ferraris or even 250 - 700 like early handmade Ferraris.

Also in regard to 308s, a competent backyard mechanic can perform 95% of the work on these cars. They are not that complicated and the earlier cars are even easier to work on as they have carbs not FI - and even the FI system is quite rudimentary and widely used in German cars. Some of the body trim parts are from several different models and so are the components like ball joints, bushings and such, so it's not like there is not an adequate supply out there. Aftermarket parts are even available.

308s are iconic, fun cars to drive, so why would a person not want to buy one for X or so and enjoy it. 80K got you Newman’s pristine 308 several years ago. Everything has gone up since then. Heck a loaded Honda Accord is 35K+ now.

If they go up a lot great, if they don't no big deal as i already have a nice one. Regarding insurance, I don't think a 80K 308 will cost much more than maybe $1000.00 to insure. Not a lot of money.