Euro Conversion Value Implications | FerrariChat

Euro Conversion Value Implications

Discussion in '308/328' started by samsss, May 3, 2023.

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  1. samsss

    samsss Karting

    Apr 17, 2021
    67
    Full Name:
    Sam S
    Wanting to open up a chat about the following:

    Just purchased an '84 QV USA. It's been repainted (original color) and has around 50k miles on it. Apart from that (and a cat upgrade) the car is largely original. What, if any, value changes would be associated with converting it to euro look? Changing bumpers, mirrors, grille, and eventually swapping out the diaper for a rear valence.

    I suppose everything will technically be reversible except for if bodywork is required to change the rear valence... Thoughts?
     
    miketuason likes this.
  2. Cameron Henlin

    Cameron Henlin Karting
    Silver Subscribed

    Jul 3, 2020
    151
    Roseburg OR
    Full Name:
    Cameron Henlin
    I'm doing a lot of the same to the 77 GTB that I recently purchased. I've already updated to euro bumpers, etc. My strategy is that I have been bagging, labelling, and then boxing up all of my original parts. That way I can make the car the way I want it to be, but I (or someone else) could always restore the car to original condition in the future.
     
  3. Ferraripilot

    Ferraripilot F1 World Champ
    Owner Project Master

    May 10, 2006
    17,863
    Atlanta
    Full Name:
    John!
    When done right I don’t think it affects the value up or down, but the weight savings definitely makes a difference you can feel. Easy to knock off some 150lbs in bumpers and a lighter exhaust. Those original mufflers are heavy!
     
  4. ducowti

    ducowti Formula 3

    Jan 27, 2008
    1,557
    NY/SC
    Full Name:
    David
    I dunno, but my euro 328 was totaled April '22, and as I stressed to the insurance appraiser the fact my car was a (grey market) Euro (no cats, all the unadulterated aesthetics, etc...as Ferrari intended) he said here in the US that makes it less valuable. How much, he didn't say.
     
  5. topcarbon

    topcarbon F1 Rookie

    Nov 3, 2006
    2,605
    I love the look of my small bumper, little side marker 308. I think it influenced my decision to purchase mine with the euro conversion over non modified versions.
    I didn't think about the next guy who is going to buy my car when I was buying my car, I was thinking of me.
     
    Patrick Dixon likes this.
  6. Ehamilton

    Ehamilton F1 Rookie
    Rossa Subscribed

    Jun 13, 2010
    2,663
    Durham, NC; USA
    Full Name:
    Eric Hamilton
    Anything I do that might reduce the resale value of my car…. That’s a problem for the executor of my will not me.
     
    smg2, RodC328gts, Du_Man and 4 others like this.
  7. Hannibal308

    Hannibal308 F1 Veteran

    Jan 3, 2012
    7,177
    Arizona / Hawai’i
    Full Name:
    Hannibal
    Euros simply look way better...someone will prefer it if you ever sell. Keep the original stuff if you can.
     
    Ferraripilot likes this.
  8. Ferraripilot

    Ferraripilot F1 World Champ
    Owner Project Master

    May 10, 2006
    17,863
    Atlanta
    Full Name:
    John!
    People may forget, but European manufacturers were forced to make modifications to the original (European spec) design. The Euro specification is what the car is supposed to be, meaning the US spec additional garbage is just that, garbage. Everyone has their own opinion on this, but it's my personal position that any car from that era from Europe that has that forced garbage removed is valued higher as it brings the car to what it was originally intended to be.
     
  9. mike996

    mike996 F1 Veteran

    Jun 14, 2008
    6,876
    Full Name:
    Mike 996
    " it's my personal position that any car from that era from Europe that has that forced garbage removed is valued higher as it brings the car to what it was originally intended to be."

    If by "valued" you are referring to money, I don't think the market will agree with you. Unmolested cars sell for more than modified cars, regardless of what those modifications may be. That's proven literally every day in the used car market. OTOH, if, by "valued" you mean it in psychological way - "I value my travel experiences" - sure!
     
  10. 4rePhill

    4rePhill F1 Veteran

    Oct 18, 2009
    8,265
    Worcester, England
    Full Name:
    Phill J
    Converting US-spec 308's to Euro-spec has been going on for many, many years now in the USA, so what is the general price differential between "unmolested", still factory US-spec 308's, and "modified" to Euro-spec 308's?
     
  11. kcabpilot

    kcabpilot Formula 3

    Apr 17, 2014
    1,608
    California SF bay area
    Full Name:
    Paul
    Here's the bottom line. If you're going to buy a 308 and constantly worry about it's "value" you're barking up the wrong tree. How can you possibly enjoy a wonderful sport car with that weight constantly hanging over your head? Buy it, own it, drive it and make it whatever you want it to be.
     
  12. mike996

    mike996 F1 Veteran

    Jun 14, 2008
    6,876
    Full Name:
    Mike 996
    I totally agree - I have modified brand new cars the day AFTER driving them home from the dealer. My most extreme case was probably driving one home and pulling the engine to install different pistons, cam, intake/exhaust system, etc! But the point was made about "value" and most mods reduce the "value" of the car to a future buyer. IF that's important, don't make mods that can't easily be removed/returned to OEM.

    Re mods that aren't easily returned to OEM:
    I would not buy a modified car even if I had planned to make those same modifications. Unless I was involved with making those mods, I have no idea if the modifier actually knew what he was doing. IOW, I'd have to tear the engine down myself to be sure it was OK so I'd rather make my own mods.
     
    Hannibal308 likes this.
  13. Hannibal308

    Hannibal308 F1 Veteran

    Jan 3, 2012
    7,177
    Arizona / Hawai’i
    Full Name:
    Hannibal
    That’s nice but I honestly think there are people who would jump on a cleanly updated early US steel GTB that had outwardly perfectly positioned and installed euro bumpers and front side markers, deleted rear side markers, and a clean outwardly stock 3.6L wet sump and dual exhaust running on nice 16” speed lines with or without a deep front spoiler. I know…I am one of those. Would love not to have to spend time and money to do it or have it done and would pay more for said car. It could all be easily undone in 50 years when a US wet sump GTB is the “in thing.”
     
  14. topcarbon

    topcarbon F1 Rookie

    Nov 3, 2006
    2,605
    Mostly description of mine Image Unavailable, Please Login
     
    Hannibal308 likes this.
  15. Brian A

    Brian A F1 Rookie

    Dec 21, 2012
    3,150
    SanFrancisco BayArea
    Full Name:
    1983 US 308 GTS QV
    The 308 is a hard car to buy. There are never that many up for sale and they always seem to be across the country from where the buyer is located.

    To me, this means the condition of the car and the confidence the buyer has in the seller (communication transparency, vehicle maintenance documentation, etc.) far outweigh details such as mirrors style or crash safety specifications. Those things can be customized, and customizations reversed, according to the new owner's preferences.

    The 308 is in a funky place in the automobile Pantheon; it is a $100k car when it should be a $250k car.
     
    stoked_7 likes this.

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