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Help with Ferrari purchase

Discussion in 'Ferrari Discussion (not model specific)' started by Orthoferrari, Apr 30, 2009.

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  1. Orthoferrari

    Orthoferrari Karting

    Feb 29, 2004
    72
    Clearwater, Florida
    Full Name:
    Chris
    #1 Orthoferrari, Apr 30, 2009
    Looking at a Testarossa at Lamborghini of Denver. 1989 with 12,000 miles;however they are "unsure" of service being done. They are asking 60,000 and will split the service. They intially said 5,000 for major. When I checked with Ferrari of Denver they said 10,000 for major and that 5,000 is fluid and belts only. Is anyone familiar or have owned this one. Also is 60,000 plus half of the service so 65,000 a reasonable price for this car if otherwise in good condition? I plan on having an inspection done by Ferrari of Denver.
     
  2. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,671
    South East
    Full Name:
    Jimmie
    #2 greyboxer, Apr 30, 2009
    How about trying for a big cash discount and having the service done by a local known mechanic ?
     
  3. Orthoferrari

    Orthoferrari Karting

    Feb 29, 2004
    72
    Clearwater, Florida
    Full Name:
    Chris
    #3 Orthoferrari, Apr 30, 2009
    What do you think I should ask for in terms of price, what is a reasonable selling price for this car with no service?
     
  4. Mondog1

    Mondog1 F1 Rookie
    Silver Subscribed

    Jul 27, 2006
    4,238
    Philly burbs
    Full Name:
    Robert
    #4 Mondog1, Apr 30, 2009
    Since you have no idea what the service is going to require, I'd lower my offer by worst case for service repairs. 10k discount to start.
     
  5. Ashman

    Ashman Three Time F1 World Champ
    Owner Silver Subscribed

    Sep 5, 2002
    33,288
    MA
    Full Name:
    John
    #5 Ashman, Apr 30, 2009
    Last edited: Apr 30, 2009
    Agree, with no information about service means "assume no service". 12k miles on a 20 year old TR means that it has spent most of its life sitting which is very bad for countless parts. Call the Ferrari dealer or good independent shop of your choice near you (there are several in Florida) and ask them what they would charge for timing belts change plus all of the other things (all fluids, all hoses, all belts, potentially a lot of other stuff) to make a garage queen road worthy and reliable and start from there in your negotiations. I think that you will be better off negotiating the discount on the car "as is" and having the service done near you where you have more control over the quality and outcome (local shop will want your repeat business) plus it is easier to go back and have things redone if needed.

    I can't add any good information on current TR pricing.
     
  6. docf

    docf Formula 3

    Sep 14, 2008
    1,422
    Florida
    Full Name:
    Gary
    #6 docf, Apr 30, 2009
    Contact Dave Helms owner of Scudera Rampante. Location Bolder Co. for your Ferrari needs!
    Dcof
     
  7. UpNorth

    UpNorth Formula 3
    Owner

    Sep 30, 2006
    1,769
    Quebec, Canada
    Full Name:
    Francois
    #7 UpNorth, Apr 30, 2009
    I'd say with the limited info here that 10000$ at an AD in the bare minimum. There will be "while we're at it" stuff.
    I'd add another 5K$ for that.
    Just my 2 cents with recent experience.
     
  8. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,600
    Gates Mills, Ohio
    Full Name:
    Jon
    #8 Bullfighter, Apr 30, 2009
    Last edited: Apr 30, 2009
    US$10K for a TR major service is a lot more realistic than US$5K. I just paid $5500 for a major on a 328 at an independent, and the dealer wanted $9300. Check the TR parts price list for common stuff -- dist caps, wires, etc. -- and you'll see the tab can add up pretty fast. The car is 20 years old, so there will almost certainly be incidentals (fuel lines being foremost) that are going to need replacing while they've got the engine out.

    As far as the price, I think $65K for that car with a fresh major completed by Ferrari of Denver is pretty fair, assuming the cosmetics on the car are as good as the low mileage would imply. It's not a steal, but a few thousand dollars either way is inconsequential compared to the running costs.
     
  9. ace_pilot

    ace_pilot Formula Junior

    Sep 6, 2007
    921
    Long Island, NY
    Full Name:
    George
    #9 ace_pilot, Apr 30, 2009
    I'd say 60k is fair price only if need the low mileage. Double the mileage and the price drops 10-15k. There are a lot of TRs that can not be sold because of the service costs. I'd say haggle them to death and wait. It will not be sold for 60k in this economy.

    Ace
     
  10. JF308

    JF308 Formula 3

    Jan 17, 2007
    1,263
    Boulder, CO
    Full Name:
    John Feeney
    #10 JF308, Apr 30, 2009
    PM sent
     
  11. rimoore

    rimoore Formula 3

    Nov 18, 2004
    1,353
    Island in Maine
    Full Name:
    Richard Moore
    #11 rimoore, Apr 30, 2009
    Last edited: Apr 30, 2009
    I have an 85 with a recent service that I'll make you a really nice deal on if this car falls through.

    http://cgi.ebay.com/ebaymotors/Ferrari-Testarossa-TESTAROSSA-1985-FERRARI-TESTAROSSA-RED-TAN-CLASSIC-BEAUTIFUL_W0QQcmdZViewItemQQ_trksidZp1742Q2em153Q2el1262QQcategoryZ157049QQihZ012QQitemZ220401307571
     

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