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Help with a 348 Spider value

Discussion in '348/355' started by mprewr, Dec 29, 2009.

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  1. mprewr

    mprewr Rookie

    Aug 26, 2009
    15
    Georgetown, KY
    #1 mprewr, Dec 29, 2009
    I am looking at a red/black 1994 348 Spider at around 33,000 miles, belts and clutch done 3 yrs ago at 26,000 miles, cheap exhaust, crack in one fog light, interior and engine need detail and the real kicker is that it went from green to red 3yrs ago to help sale at that time. If the PPI comes back without any major issues, what would be a fair price?
     
  2. mprewr

    mprewr Rookie

    Aug 26, 2009
    15
    Georgetown, KY
    #2 mprewr, Dec 29, 2009
    Forgot to add no tools. Is that common?
     
  3. captglen

    captglen Formula 3
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    Nov 25, 2007
    1,790
    West Palm Beach, Fl
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    Glenn L.
    #3 captglen, Dec 29, 2009
    Color change not good
    Needs a major now
    needs interior work- may have a sticky console
    If it passes PPI- make sure a compression test is done
    Tool Kit will run you about $400
    My guess $30-35K
     
  4. First Ferrari

    First Ferrari Formula Junior

    Jun 18, 2005
    523
    Mahtomedi,MN
    Full Name:
    Christopher Reeves
    #4 First Ferrari, Dec 29, 2009
    The color change can work in your favor price wise. I would of course run through a PPI and see what comes up. The fog lamp is a very, very pricey issue if you chose to replace. Without seeing the car its tough to truly value the car but I would say lower 30K but not more then 32-33K max in my mind.
     
  5. LouB747

    LouB747 Formula 3

    Apr 8, 2009
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    Lou Boyer
    #5 LouB747, Dec 29, 2009
    Wouldn't happen to be in Huntington Beach, CA would it??
     
  6. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
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    Paolo
    #6 ferrari 512 tr, Dec 30, 2009
    a 348 spider
    is priceless
     
  7. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
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    Mike
    #7 AceMaster, Dec 30, 2009
    Last edited: Dec 30, 2009
    Need the compression test for a more accurate value estimate. Do you have a Carfax or Autocheck to confirm there were no accidents?
     
  8. RapidEM

    RapidEM Karting

    Dec 18, 2008
    131
    Los Angeles
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    Edward
    #8 RapidEM, Dec 30, 2009
    $25000. Anything more is throwing it away
     
  9. wingfeather

    wingfeather F1 Rookie

    Feb 1, 2007
    3,653
    rock bottom
    #9 wingfeather, Dec 30, 2009
    I have to agree. The color change will always be an issue that will keep the value down when it comes time to resell.

    40 for a good Spider, minus 9 for a major, minus 5 for the paint... about right.
     
  10. Ingenere

    Ingenere F1 Veteran
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    Dec 11, 2001
    6,451
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    Dino
    #10 Ingenere, Dec 30, 2009
    The low ballers are out for the Holidays!

    There is no reason to consider a car like this, other than spending less. There is no such thing as a 'cheap Ferrari'. Looking at the lowest price cars, will give you a car that needs work, service, missing tools, records, books, luggage, and end up costing more in the long run.

    Buy the best car, and that usually means spending more money. After, you ante up and spend the money, you will forget about it when you are actually out enjoying the car, not fixing everything and moaning that the car doesn't work.
     
  11. Isobel

    Isobel F1 World Champ

    Jun 30, 2007
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    #11 Isobel, Dec 30, 2009
    Should have left it green, quite a rare colour in 348 Spiders.
     
  12. sparta49

    sparta49 F1 Veteran
    Owner

    Mar 3, 2001
    7,804
    LA
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    #12 sparta49, Dec 30, 2009
    I agree
     
  13. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
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    Australia
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    #13 ferrari 512 tr, Dec 30, 2009
    anyone got pics of a green spider
     
  14. wingfeather

    wingfeather F1 Rookie

    Feb 1, 2007
    3,653
    rock bottom
    #14 wingfeather, Dec 30, 2009
  15. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
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    #15 VTChris, Dec 30, 2009
    Last edited by a moderator: Sep 7, 2017
  16. Sandy Eggo

    Sandy Eggo F1 Rookie
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    Jun 4, 2009
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    #16 Sandy Eggo, Dec 30, 2009
    Surprisingly, that doesn't look too bad (to me anyway).
     
  17. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
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    #17 VTChris, Dec 30, 2009
    Last edited by a moderator: Sep 7, 2017
  18. Joe G.

    Joe G. Formula 3
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    #18 Joe G., Dec 30, 2009
    that green looks pretty cool ..... something different
     
  19. Joe G.

    Joe G. Formula 3
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    #19 Joe G., Dec 30, 2009
    that repaint is really the killer

    WAG tells me $29k at best
     
  20. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
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    #20 BigTex, Dec 30, 2009
    Last edited: Dec 30, 2009
    Isobel is right....

    The only 348 you should buy, should look BRAND NEW....they are "out there" and they don't cost any more than the 'market'......that IS the market!!!

    There's thousands of unwanted cars dumped on the selling block today...

    The color change was an act of desperation, and is always "points off" of a Ferrari....speaking for myself only, on a newer car.

    Odd colors are cool.....have you looked into FerrariAds???

    I'll check at Ferrari of Houston.....
     
  21. mprewr

    mprewr Rookie

    Aug 26, 2009
    15
    Georgetown, KY
    #21 mprewr, Dec 30, 2009
    Thanks for all the input, but I have made a deal on the car. I will not give the price, but it was something I could live with and the seller was not pleased with, but in the end it was fair. I hope it will be a while before we start seeing $25,000 348 Spiders out there. The car checked out good and the interior just needs a TLC but is in good shape with no sticky parts. I spoke to several people who knew the car and it had a clean history except for that paint change to help it sale. It was getting at a price point that the paint change was not a huge deal to me because I am buying as a drivers car and have no plans to show or think of as an investment, but just good times with the top down. The paint seems to be a good and no where on the car have I been able to tell it had a color change. It also has 360 wheels on it and includes the orignal wheels, which will go on my Mondial 3.2. Let me know if anyone has a spare set of tools or 348 exhaust they wish to move on.
     
  22. wingfeather

    wingfeather F1 Rookie

    Feb 1, 2007
    3,653
    rock bottom
    #22 wingfeather, Dec 30, 2009
    Welcome to the brotherhood! No need to disclose price, we were just offering advice.

    FYI - I turned down a $27k 348 earlier this year, so they are out there...
     
  23. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
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    #23 AceMaster, Dec 30, 2009
    I am not sure I agree with this. Despite the colour change, if no accidents, and the compression test results prove the engine is still pristine, then it is still worth much more.
     
  24. flyguyskt

    flyguyskt Formula Junior

    Sep 22, 2009
    443
    South Dakota
    Full Name:
    sean
    #24 flyguyskt, Dec 30, 2009
    well ill tell you right now... i paid 45 for a 94 spider nero/nero 30k miles. with engine out belts done tensioners done, full fluids. and delivered to me. ive been watching them and a clean one is high 30's to high 40's if a recent service was done
     
  25. BLAMPEE

    BLAMPEE Man Card Status: Never Issued

    Jun 28, 2008
    15,424
    Sunny Heavenly Beautiful Arizona
    #25 BLAMPEE, Dec 30, 2009
    Why do people keep forgetting this...? This is what I based my purchase decision on last year and NOTHING is more true than when purchasing a Ferrari whether it be a Daytona, 355, or even F430.
     
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