Googling did not help - it seems to be very early 328 This car is local and I am looking at it tomorrow. Stories don't add up so far, pitched as a private sale but it looks like a dealer from his emails: http://atlanta.craigslist.org/atl/cto/1430412096.html For quite a while I've been hankering after one of these. With the recession are they coming up for sale more often? I can wait for the right car but not forever. From research I was thinking $25->30K if the car is in reasonable shape - i.e. running with all the correct parts and not too tatty. I already know it will need new wheels ($3K+?) The plan is to find something drivable and budget $10->20K over the next few years to get it into good shape. Mechanicals will hopefully be DIY, with a quality strip down and respray (~$10K?) when the rest of the car is up to scratch
It doesn't pay to buy a mediocre 328 and try to get it into good shape. Budget $50K for a good one, $60K for a low mileage queen. I don't about this one, but if the ugly wheels, door speakers and rust in the engine bay are an indication I might keep looking. 54,000 miles is fairly high, and if you buy at $30K and put another $20K into it you'll have a high mileage 328 with a stack of body shop and parts bills, assuming you're a competent Ferrari mechanic. And, you'll have a car unlikely ever to be worth much more than $35K-$40K. If you want red, you might consider the two for sale at Sport Auto in NC. (There were three, but one of them sold.)
Thanks for the reply Bullfighter, I passed on the viewing. The 'owner' would not give me a street address and said "call my cell when in the general area". Visions of being mugged at gunpoint came to mind so I passed Color-wise I think I'd like a cheap red car and eventually turn it yellow or blue. Resale is not much of a consideration, it's going to cost a chunk of change and I aim to enjoy it not treat it as an investment