HOW MANY YEARS until Ferraris APPRECIATE?

It's not just a question of time, as you go back into the 70's and earlier, the number of cars produced and surviving per model decreases significantly.

 

Dude, early '70s 308s popped $5K last year....I don't understand your question....

Any model after the '80s is just a used car, following normal curves.....the special 288GTO, F40 F50 and Enzo excepted, but even they have settled down pretty predictably ...

Study FML for awhile, you'll understand....

 

I have thought about this same subject before, and I am there with you.
Some people may say that the production numbers have been increasing since the 70's and that will keep the prices from ever going up much.
While this may be true, I think that the market is expanding much faster than Ferrari's production numbers.
How may people in China, Russia, India, etc, knew about Ferraris in the 80's? I bet far less than now. So even if Ferrari keeps cranking up cars at a fast rate, I think that over time all the Ferraris will turn up give the expanding market.

 

Consider cost of maintenance, in the calculation, that is why TRs are so unloved by many.......chose wisely!

The computer cars will be a nightmare as corrosion to the systems takes hold.
Re: 456GTA - unrepairable trannys.

 

I think in the long run its simply a matter of supply versus demand. As these cars get older and remain attractive to the general Ferrari population, and are proven from the standpoint of reliability and performance, they will appreciate.

If you look at the above mentioned post relating to Daytona's and Dino's, the reason they might be appreciating is because there are not alot of good examples out there, or for sale.

Time alone is not an indicator proven by the 308 which is over 30 years old. It might have stabalized but not necessarly appreciating.

 

No, they were flat for many years but Cavallino and others now give them an "arrow up"...I'l agree it's due to falling quantities of remaining nice examples.....

Boxers are definately firming up as well ...

 

The answer probably varies by model - I think the poll question needs to be narrowed a bit.

It's also too simplistic to say that because there are 7000 Testarossas that they'll never be worth anything. Fact is, many of them are falling apart and being used up, and at a time when restoration costs exceed the cost of just going out and buying another one. Ditto for 308s and 328s. Eventually, the supply of ready-to-drive 20K-mile 328s will be tight and we'll all be fighting over the last unobtainium bits like the Daytona guys.

But it will take a while before the experts recognize that there's anything newer than the Daytona worth preserving. By the time my 328 is worth $100K again, I probably will have spent half that much on servicing and refurbishment.

My two lira.

 

Awe come on...I love when people point out that "so many" 308's and tesatrossa's were made... Geesh.

How many VW bugs were made? List price, 800$ or so. Find a nice one now, 7000-10,000$. And these things are hardly collectible.

Porsche 914's. The bottom of the barrel. Not even a real porsche. Number produced? A gazzillion (Just to keep the math simple ). Cost new? 2000$, maybe? Just bought a nice one for 4000$. Got offered 8000$ for it last week (which is overkill...).

So lets see, these cars are worth 4-10 times more than when new. And these are hardly collector cars. And of course, part of this is due to inflation - so be it.

Lets extrapolate.

125,000$ testarossa, when new. = 600,000$ car at some point (Keep inflation in mind)

60,000$ 308, = 240,000$ car.

Give it 15 more years...

 

From your lips to God's ears...........I may not have 15 years LEFT! ROTFLMAO!

So I drive 'em .........

 

IMO the value curves of limited production cars (pre-308) can not automatically be applied to the high volume (post-328) cars.

All daytona's have value because there are relatively few of them...

IMO, the high volume cars will not appretiate until enough of the cars are parted out to significantly reduce here number.

The computer driven cars have other issues / complexities and IMO may only appreciate in "show" quality. Is there any natural bottom to a high mileage 456.... or 612.... time will tell.

 

I don't think maintenance has anything to do with a Ferrari becoming collectable and the prices rising. These are the consernes of owners of modern cars. Who cares what it costs to maintain a vintage car. If you can't affored the cost then let it sit in the garage until you can. Would you get rid of a 60's vintage race car because it was becoming difficult to " propery maintain "?

 

I gotta agree with you. The tr seems so expensive in maintence becuase in the late 80s they were getting large hay, dealers were flipping them like candy...same with the 288, and f40s. Maintence got deferred, plus a few cowboys drove these cars like Mustangs....and bingo.....30k for trannys, turbos and they got this bad rap.

I think if you ask a 275 owner, parts must be custom, or the Dino. Getting any of these cars to refurb correclty has to cost some serious coin. Its only a matter of time before the 328, 308, tr, boxer prices start to climb. Give it 10 more yrs, when the 355, 360s and 430s will flood the used car market.

 

The highest-valued (priced) Ferrari's are always the oldest. That should tell you something.

 

As a carb 308 coupe owner I believe the prices will skyrocket. Maybe not in Daytona or Dino numbers, put very healthy. A few factors support my claim. One great thing is that there are many sources for original or close parts like Ricambi, TRutlands, etc and lots of places to modernise the car like Nicks and Superformance. This means many of them are in even better shape then they were 10-15 years ago.
They are also fairly easy to work on. With guys like Birdman, Verell and others that know the car inside out, they are fixable. I am at best a fair mechanic and have done many things myself therefore keeping it out of the shop and allowing me to spend $ on stuff that truly helps the car, like good tires and Birdman's fusebox.
With the cost of other cars so high now, you can't even buy a basic transportation car for less then $20-$30,000.
I know a lot of people that have vettes, audi's, bmw's, subaru sti etc., and as shallow as it sounde the WOW factor of the 308 is off the charts in comparison. I went to an outdoor party recently with all these cars in attendance and the host cleared a spot in the front yard for me to park. Yes I know a lot of these cars will kick my ass, but in reality how fast do you need to drive. I drive mine 3 or 4 times a week including a few hour very quick trip through the twisties as fast as I would ever want to go on public roads, (DISCLAIMER: ALL RUNS OVER SPEED LIMIT DONE ON CLOSED COURSE WITH PROFESSIONAL DRIVER.)
And as much as I like the looks of an old Camaro or or charger etc. it is still an old underengineered car.
In reality it doesn't matter the price to me as I will never get rid of mine. I will probably buy newer and faster Ferrari's, but I waited almost 30 years to get this one and it will always be mine.

 

This is a rather silly question. There are relatively few Ferraris that actually grow in value. Their purchase price rises but corrected by inflation do not go up for the most part. If you look at Ferrari ownership as a way to make money or to keep it, there are relatively few opportunities.

If you bought a 70s 308 in 1988 you could have paid $40K for it. The same car today is no more expensive. If you bought a house in 1988 you could have paid $150 and it would be worth $300 to $400k today.

Buying that same 308 in the early 80s you would have paid $20-25k for it but although you might be able to sell it for $40k today, did it really appreciate? If your money was in the bank or real estate you would have been much better off.

This topic only make sense if you're talking about Lussos, 275s, Daytonas, and older cars. Even some of those cars didn't really appreciate in comparison to inflation IMO.

 

After the initial price gouging on new hot models, I think it takes a long time and has to be a limited car. The ones with 10 remaining is one thing and I think the modern era cars are just too plentiful. Can you buy a car and sell it for more in 5 years because it's a great one, maybe.

 

The Ferraris made in limited numbers under 2500 cars have a good chance of appreciating, anything over that the pristine ultra low mile <1000 original cars could be worth something but nothing significant.

The problem with 308s and other 3xx series Ferraris isas they age the owners get cheaper and cheaper trying to cut costs and skimp on parts and services so the cars are thrashed then sold cheap so it brings down the values as well.

 

I didn't buy my 308qv to make money but just to have fun and HOLD value while I enjoy it for a few years.(driving only occasionally-once a week maybe)
I previously had a new 2003 Sebring convert for a fun occasional driver but it dropped from $28k to $17k in 2 years and it only had 7k miles on it when I sold it !
I wanted a car I could leave parked in the garage without taking a beating in depreciation. The Ferrari is FAR more fun to drive and is holding or gaining in value.(compared to what I paid just 1 year ago). EXACTLY what I was looking for.
Appreciation will come in the 308's- I owned a 70 Vette (std model) for 23 years from 73' to 96' - paid $3200 and sold it for $13k and they made a ton of them vs a 308qv. (similar cars are now $25k)
Our day willl come for appreciation, I sincerely believe the 308-328 are just undiscovered jewells.

 

In my opinion, there are many factors controlling the collector car market.

1. What's the economy like? (is there plenty of cash floating around? - at the moment yes!)

2. What's the flavor of the month? At the moment late '50s to early '70s Ferraris are relatively popular but nothing like American muscle. 365 BBs have taken off, 308s are starting to. In a few years when all of the guys that had Testarossa pictures on their walls will be able to afford them, the prices will jump big time. This also explains why the 2+2s will always considerably lag the 2 seaters even though they were more expensive when new and are usually better cars.

3. Condition vs. restoration costs - on any of the hand built cars presently cheaper than a Daytona, you will be financially underwater restoring them - this limits the value on non-perfect old cars (It's very easy to spend in excess of $150K restoring a Ferrari).

4. Early, racing and one-off cars do not fit in this discussion as they are in a different realm.

5. In my opinion, any Ferrari - Testarossa or older - you will not lose too much during ownership and if you are lucky, you will get some of your maintenance money back or make a bit of a profit. But it isn't wise to buy the cars as investments as there are ways of getting much better returns that don't involve storage and maintenance.

Regards,

Art S.

 

Somehow, the issue of appreciation doesn't concern me at all. I just enjoy and take care of my ride.

 

Anyone who thinks ferrari's (ALL) won't go up in value, is delusional. Again, just think of inflation. Do you really think 308's will cost 30,000$ in 15 years? By then the average family sedan will cost 80,000$. The average house will go from 250,000$ to 600,000$ or so...

If 308's are 30,000$ in 10-15 years, I might just buy 4 or 5 ... but then everyone else would have the same idea...wouldn't they?

Is an old ferrari a good investment? Not really. Think of it more as a hedge against inflation....

Actually, I don't understand the folks who state it will take 40 years!!!! So, a 1980's car has to be 60 years into its life cycle to start appreciating? Are we collecting 1940's muscle cars today? Not really...