$$$ Going rate for a Dino? Value forecast? | FerrariChat

$$$ Going rate for a Dino? Value forecast?

Discussion in '206/246' started by Husker, Apr 20, 2006.

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  1. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    Hello guys...I've been a 308 owner and a 348 owner. Enjoyed them both. But am thinking about an older Ferrari for my next purchase, more specifically a Dino convertible (the 246 style). I have a few questions for you Dino owners out there:

    1. If the car is well-sorted, just how reliable is it? Does it need constant "tuning" as purported?

    2. What is the going $$ rate for Dino convertibles?

    3. What are the values of the Dinos doing? Is this the wrong time to buy if considering what the car might be worth a year or two from now?

    4. Any other miscellaneous advice?
     
  2. dinogts

    dinogts Formula 3
    Owner Rossa Subscribed

    Suggest you post this on the 206/246 sub-forum. The "convertible" is the GTS.
     
  3. tx246

    tx246 F1 Veteran
    Owner Rossa Subscribed

    Nov 4, 2003
    6,660
    Texas
    Full Name:
    Shawn
    to answer:

    1. i haven't had any problems with my dinos once they are set up correctly.

    2. this is the subject of much debate....

    3. the values are rising, but like i said in no. 2......

    4. buy a solid car that has history
     
  4. dm_n_stuff

    dm_n_stuff Four Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2003
    43,710
    26.806311,-81.755805
    Full Name:
    Dave M.
    my GT is very reliable. but it has had about $20K in engine and $8K in gearbox/cooling system work to get there. I'd drive it cross country without concern at this point

    I saw a bad one sell for $80K, then get flippied twice, until it sold at about $100K. My PPI put a price tage of $40K on it to get it right, and then it would be a very good driver car, not a concours winner. I know of a very nice fly yellow car that sold for more than $130K recently, it was in very nice shape, had a couple little issues nothing major.

    3-For the moment, UP. Where they will settle, nobody can tell. GT's are creeping over $100K for excellent cars, GTS's getting towards $150K, even if they only rise 10% this summer, (less than the last two summers) you are looking at pretty expensive cars.

    4. The market is being driven by collectors, not speculators, although there is certainly some of that going on.

    Want one? If it runs, and isn't too rusty, now's the time to grab one.

    Disclaimer - this is all just my conjecture, I could be completely wrong.

    DM
     
  5. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
    Full Name:
    Scott
    The Dino dub-group seems to have quelled both Dino topics and topics in the Vintage forum as they both seem to have slowed significantly since the break up.


    Sale at $125K, see bottom
    http://www.ferrarichat.com/forum/showthread.php?t=93378
     
  6. richard_wallace

    richard_wallace Formula 3

    Feb 6, 2004
    1,957
    Cincinnati, Ohio
    Full Name:
    Richard Wallace
    I know of a 1973 Dino GTS by a collector that I have bought 2 cars from over the past few years. It is in very good condition - needs some work but when I saw it last I would say it is a 7 of 10 (10 being concourse 5 being a driver).

    You can look here for the information: http://www.exoticperformanceplus.com/autoForSale.php?auto=36

    The collector is Mike Westrick - contact information is on the site. He is a straight up guy and has owned more Ferrari's than I can count. As I have said I bought 2 from him - at very good prices - he is always upfront and honest about his cars.

    It is listed for 83K - I am sure you can get some off of that - it as been for sale for a while - but he only advertises on his site - so not a lot of traffic. He is in Ft. Wayne Indiana - so not a lot of traffic there either.

    If you are interested - just tell him Rich Wallace sent you his way and that should open the door a little for you.
     
  7. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    Keep in mind that most of the great cars are not for sale. If you find a great car, it will be expensive. Why would someone sell a great car? A great car will be one that someone purchased many years ago and sank 100k plus into it at a well known shop.They may be ready to move on to a different model or need the cash. Fixing these cars properly is expensive. You cannot cut corners in restoring these cars. Only a handfull of people in the US really know how to properly restore them. Do not rush into it. If you find a car you are interested in, learn about WHO did the work on it. The car may look great from the outside, but do not let the nice paint full you. The word "restored", or "well sorted" can mean different things to different people.I think a great car recently sold for about 150k, but it was restored by one of the best in the business. That car next to a 90K car may look the same but the 90K car is most likeley a can of worms. I am not a Dino expert, but have learned an expensive lesson on a project I am in the middle of. TAKE YOUR TIME!
     
  8. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    Check out the car on autosportdesigns website. That car is, was expensive, but looks like it has a good history. The people who restored it are the best of the best. It is a better deal than a 90k car in my opinion.
     
  9. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
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    Scott


    Waiting for J Corbani/Omjgon to chime in and counter the above myths.
    While most of the drivel is plausible, this struck me as an odd statement.
     
  10. dm_n_stuff

    dm_n_stuff Four Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2003
    43,710
    26.806311,-81.755805
    Full Name:
    Dave M.
    I don't think it's a myth at all.

    If the point of the repair is to make it concours quality, which is what the current standard for "great" cars is, then it is expensive to do.

    Sure, you can tear the car apart yourself, or rebuild and cobble together the bits and pieces, but if and when you go to sell the car, it's not going to be a "great" car, it's going to be, at best a "driver" car, and the selling price will reflect that.

    J. Corbani's car is wonderful. He's done a great job keeping it running, driving like it was meant to be driven. But that doesn't maximze its value, it has maximized HIS fun. Which is what it's all about.

    I have a ton of money in my car now, but not more than its market value. All of the repairs have been professionally done, and the parts have been sourced carefully, to insure longevity. All the rust is gone, all hte mechanicals are excellent, and the interior is too. Believe it or not, I've enjoyed the process. Learned a ton, made some great new friends, and would do it again in a heartbeat. I also drive the car about 3,000 miles a year, so I have my FUN, too.

    Much of the work could have been done by me, if I had the time or the skills, but I don't. I learn well, and someday may take on a project like this.

    DM
     
  11. Vintage V12

    Vintage V12 Formula 3

    Aug 11, 2004
    1,451
    Can't help to reply again. Simply put, Ferrari ownership is an expensive hobby. I really feel sorry for the people that really want to get into a vintage Ferrari that take out a big loan, talk their wife into it, get the car, then end up with a car that has expensive issues. It would be better to wait for a "great" car. A great car will always hold its value and will be more enjoyable to drive. Not everyone wants a show car, but keeping a car mechanically sound is expensive as well.
     
  12. tx246

    tx246 F1 Veteran
    Owner Rossa Subscribed

    Nov 4, 2003
    6,660
    Texas
    Full Name:
    Shawn

    this car sold some time ago
     
  13. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
    Full Name:
    Scott
    Seems to be a self made man
     
  14. dinogts

    dinogts Formula 3
    Owner Rossa Subscribed

    I agree about the consequences of the Vintage/206/246 breakup, but I suggested that his post be moved to this group since I had seen that other new threads about Dinos made to the Vintage group were going unanswered.

    Although I can always go through the Vintage posts separately, I miss not seeing the 250/275/330/365 posts sprinkled around our posts.

    Mark Nerheim
     
  15. richard_wallace

    richard_wallace Formula 3

    Feb 6, 2004
    1,957
    Cincinnati, Ohio
    Full Name:
    Richard Wallace
    I did not know that... Do you know who bought it?
     

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