+ 1! @ I think it's almost to the point today that receiving a first phone is a bigger deal than the first car @ I am happy this is only the case for SOME kids ... but I must agree that the RUN on the Galaxy S4 also is started over here in Europe ....
These cars were taxed to death in much of the market, that market is just waiting for the car to come to a certain age. Most any (exotic/limited) classic car will see the value increase when hitting 30 years of age, most countries have a sliding rule for import of classic cars. It happened to the early 911, and now good early 911 SC's are up to $20k+, they were trading at $10-12k just 5 years ago. Good classic cars are being shipped out of the US in thousands every year, ie less on the market with a constant demand. The Testarossa is now almost a Classic cars = low road tax and cheap insurance, whats a $10k service every 5th year (though less in europe) when tax and insurance may run to $250 a year? It may not skyrocket but I think when the US herd is being thinned out the prices will go up.
From when I purchased my Testarossa in the uk back in 2008 the asking prices on autotrader have now doubled. So that's a 100% increase in 5 years... You Yankees need to somehow follow suit. Btw I must say, my family and I thoroughly enjoyed my last trip to USA visiting San Francisco, doing some fact finding in silicon valley, taking the drive to LA, of course overnighting in Pebble beach then Las Vegas and Hawaii. Now planning to expand my business over there. USA watch out...another Aussie may be invading.
Come on over Dean, you're welcome. I too am from Melbourne (North Fitzroy) but have been in the US for over 12 years. Seriously, this is by far the best place to live. I couldn't dream of owning a TR back home. PS. does that TR still get parked outside Cafe Sienna on Chapel St.?
Hard to find Fosters in Australia or at least an Aussie drinking it. It's as common as Taco Bell in Mexico
Thanks for the welcome guys. We don't see many Testarossa on the road here anymore. Most are garage queens. Including mine. I'll bring along some good and wholesome Aussie meat pies. Steak and mushroom Lamb Shepherd pie with mash potato. And possibly some gourmet ones as well.
the Tr was always a car between the old ferrari and the new. A bit hard core but softened for fat yanks with ac that worked. So will it be a dpreciated used car like say the 360's orwillit catch on. I thik we all know that nay teatrosa is going to need 25-50k to be running as the factory intended. So they really have to become 100K cars to be worthwhile. Enjoy them as they are, its old school enough to enjoy on a weekend, and practical enough to drive a distance, its price is low enough so tht you can really drive the wheels off without worrying. What coms after this, the 550, surely not even close. Yeah I would love to buy a tr, but the thought of another ferrari, that llooks good and runs but that will realiisticaly need brakes hoses belts wires shoks etc etc is aturn off. I mean where does it end, and that is what keeps prices down. One day they will be coveted enough that the survivors will all have the necessary $ spent, just like a Dino, so figure 10-20 years to get there. Basicaly when boxers are over 200K trs are next to go up, untill then drive and enjoy.
if the target market was for fattys, then they would have dropped in some autos besides, I'm of average build and it's still a real pain in the balls getting in and out of these. TR's are certainly not a fat mans cars. I'll be convinced Ferrari has gone too far appeasing the US market when they release an SUV.
Funny, I'm looking to do the opposite which is trading in my 360 for a TR. it ain't all about maintenance and performance....
Having a '78 BB, '91 TR and the regular use of a friend's '00 360 F1, I cannot say that the BB or TR are over or under valued (I bought my TR for $25k and drive it by far the most) but I can say that I detest the electronics on a 2000 360. That alarm system is the most diabolical thing ever devised by man and will ensure that you will be visiting dealers for as long as you own a 360. Had I known, I would never have suggested that my friend buy a 360. Sure, it is easy to drive and the quality of the chassis, body and drivetrain are quite good, but the interior is cheap and the electronics are an abomination. Search 'alarm' in the 360 section and you will see what I mean. I would prefer my TR, fusebox, diff and all, over the 360 at any time. Mind you, if someone in the market were to make an affordable aftermarket ECU which removes the 360's alarm system from the equasion, I would want one. Comparing a TR to a 360 maintenance wise is misleading, both need belts, but the 360's crap alarm electronics (which can only be replaced at the dealer along with the engine ECUs, key fobs, etc due to the 'security' features) will cost more over the long run.
Hold on, being a 360 owner for the last 7 years, I can attest to the fact that you do not need to go to the dealer for the alarm when the battery decides to leak. It's a pretty easy fix whether you replace the unit or make a slight mod in which the battery( incased in the alarm horn) is replaced with a rechargeable one...Not a real reason not to own a 360 as the alarm unit ( as badly designed as it may be) will last up to 5 years before crapping out, but that is subjective just like the case everyone is making for the TR... Too many people have influenced my decision against buying a TR in the first place years ago because of all the stigma it carried with regards to maintenance and drivability. One guy who owned a black 512TR would tell me how he needed a nap after a two hour drive because the car was so demanding... He traded his car in for a 360 spider and I think he regretted it. Not that he hated the 360 or anything, I think he realized how special the 512 was despite it being "difficult" to drive as he puts it... I think my seven years behind the wheel of a 360 has given me the experience and a certain insight as to what I really want my ownership experience to be regardless of what that may cost in 30K services and scarcity of parts etc. I do a lot myself as it is when it comes to service thanks in large part to my brother... I think for me a slightly vintage discontinued mid engine V-12 is where I may belong... Isn't that all part of the package ?
Dino 246s are among the all-time classics -- chrome bumpered versus painted plastic; classic headlights versus pop ups; simple shoulder belts versus motorized mouse; chrome-ringed gauges versus black plastic with orange Tron-style numerals; metal switchgear versus Fiat-sourced plastic... No mystery to me. Dino is timeless. TR is a bargain due to its styling and maintenance costs. I'm an '80s child, so I get what a white TR is all about, but long term market potential is flat, IMHO. Agree -- expensive, and everyone has to make his/her own decision as to whether it's worth it.
Psorella, i totally agree with you. There is such a negative energy around the TR. I have spent many hours talking with owners that actually drive their cars and they all LOVE them. The flat 12 engine is one of the all time greats (aside from the F50 engine) I have gone back and forth on whether to get a 360 or a TR. Done a ton of research on both, and have decided to get the TR. Looking forward to you getting yours and hearing your driving impressions. As for the values of the TR, I think they are definitely at the bottom, but i believe it will be a few more years before we get any appreciation. There will definitely be a chasm in price between the loved and the unloved TRs. Matt
Yes, in an effort to fix the latest alarm glitch I replaced the siren. The batteries were not leaking and it was not the fault. The issue was a software problem and the dealer needed to clear the alarm's memory. In 2 years we have had zero mechanical issues, but 4 dealer trips to buy replacement fobs, reset alarms, clear error codes caused when the battery went flat, etc. As the car is never placed anywhere where it might be stolen and the alarm drains the battery in short order, an option to disable the alarm would be a major improvement. It makes me love my older cars much more.
With the massive production numbers that Ferrari are cranking out (nearly 40,000 units of 360 + 430 in all flavors), I can't see their exclusivity being regained. The TR had styling by Pinifarina which Ferrari recently dropped and the newer cars are not looking pretty.
Totally agree ! After 5 years (mech. ups and downs) I did decide NOT to buy a very nice 599 .... and keep my 512TR
I go through cars at quite a clip. I have really bad ADD in that regard. However, in the two years since her purchase I sincerely cannot think of any car I'd rather own. It is an unmatched truly epic Ferrari. Moreover it is among the most beautiful machines I have ever seen. I attribute that partly to my formative years being in the 1980s, but guys.... It's a fricken testarossa. Enough said.