How to sell my Ferrari? | FerrariChat

How to sell my Ferrari?

Discussion in 'Ferrari Discussion (not model specific)' started by autophile, Oct 21, 2005.

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  1. autophile

    autophile Rookie

    Sep 7, 2005
    6
    Maryland, USA
    Hey all...

    So here's the story... I have an '84 308 GTSi QV that's been sitting in the garage for the past four years :< Originally I wanted to at least get it started and then sell it. But, unfortunately, now I need to sell it without even being able to get it running, because I got into an accident with one of my other cars that I rely on.

    Does anyone have some advice on this? I wish I could push a button on the car that says, "Convert to cash" but it's never that easy.

    I'm in Rising Sun, Maryland if anyone wants to look at it...

    Thanks,

    --Rob
     
  2. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    FerrariAds on this site (subscribe at silver level) gets a lot of traffic. Also, you can list for free on the FerrariBuy site.

    If it's not running, you might contact a nearby Ferrari mechanic first. The $$ difference between a running car and a tow-away is astronomical, in part because the pre-purchase inspection (PPI) tests requested by buyers require a running engine.

    You will get extreme lowball offers for a 308 with mystery problems making it immobile. It's worth a tow and a look.
     
  3. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
    Full Name:
    David Jones
    No insurance on the car involved in the accident?

    And why has the Ferrari been sitting for the last 4 years?
     
  4. autophile

    autophile Rookie

    Sep 7, 2005
    6
    Maryland, USA
    Hmm, you make a good point. I suppose I could always get the insurance money from the accident, put it into getting the Ferrari running, and then sell it.

    It's not salvage or anything, I have full title, no lien, it looks great, no body damage anywhere, and it did run... 4 years ago. Then I sent it off to a Ferrari place to have it looked at to see what 30k service items would have to be done on it, and got back a laundry list of things that were wrong, plus when I spoke to the guy, he basically laughed at me saying the cost of repairs would cost about a few thousand less than the car was worth. So I took it back, and it's been sitting in the garage ever since. I think I got depressed :/

    I'm frantically digging through my disorganized papers to find that list...

    --Rob
     
  5. El Wayne

    El Wayne F1 World Champ
    Staff Member Lifetime Rossa Owner

    Aug 1, 2002
    18,069
    San Marino, CA
    Full Name:
    L. Wayne Ausbrooks
    Meaning that any sane person would only pay a few thousand dollars for the car as-is. Ouch.
     
  6. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,057
    Savannah
    both of my Ferrari's are sold. PM me the details as i would be interested in your car, "as is" with cash in hand. Michael
     
  7. Bandit

    Bandit Formula Junior

    Dec 21, 2003
    493
    Central MS
    Full Name:
    Mike B.
    For a non-running car, you are only going to get parts value. I would think no more than $15K and probably less.

    You didn't post much on the condition of the rest of the car, but I'm assuming it is not pristine. You know, the normal scuffed leather, slightly faded paint, no service records, higher mileage, etc. If so, you would probably get in the mid 20's if it was running. Like Bullfighter said, the discount for towaway status is astronomical. You just have to decide if you can get it into decent running condition at a reasonable cost.

    I'm also assuming that you don't have the mechanicial comfort level to do the work yourself. Getting someone to do the work is going to be expensive.

    You might stick it on eBay as-is just to see what it would bring.
     
  8. autophile

    autophile Rookie

    Sep 7, 2005
    6
    Maryland, USA
    I remember what was on that list now, although I still can't find it. The only drivability things wrong were that the clutch cable was sticking, making it a bit hard to change gears, and some bulbs wouldn't light, which could either be the bulbs or the wires. Everything else was "cosmetic", such as the driver's side seat not going back, and the automatic windows going down slowly.

    After getting that back without having the 30k service done, I didn't want to drive it for fear of a belt snapping.

    I think I'm definitely going to get it running first, but I'm definitely not going to that Ferrari dealer I went to the first time.

    Does anyone have any experience with Grand Touring in Laurel, Maryland? I've heard some good things about them...

    --Rob
     
  9. ferrarigtofan

    ferrarigtofan Formula Junior
    BANNED

    Sep 26, 2005
    510
    USA
    Why don't you try to jump start it and see if you can get it to start. Once it is running, you have doubled your value IMO. The car may need a battery and shot of ether to wake up, but that's $200 you'll get back 50x over.
     
  10. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
    Full Name:
    David Jones
    I hate to be this way, but...

    This happens more than one might realize.
    A perfectly good Ferrari goes by the waste-side because it's owner lacks good old fashioned common sense, thought he or she could afford the car, but then realized they couldn't, or a combination of both.
     
  11. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,057
    Savannah


    ?????????? are you nuts? you dont "jump start" a car that is fuel injected and has been sitting for 4 years. buy a book on what goes on inside an engine an then realize this is a ferrari with $$$$ parts before you go giving advice.

    the plugs need to come out, all the fuel, all the filters, the fuel injectors have to be cleaned or just replaced, and the engine needs to be preoiled and turned over by hand at the crankshaft prior to using the starter.

    and thats just the beginning.
     
  12. ferrarigtofan

    ferrarigtofan Formula Junior
    BANNED

    Sep 26, 2005
    510
    USA
    He has a car that does not run, whether it is a Ferrari or a 1992 TransAm, it is worth more running than dead. No one would ever do any of the things you are suggesting for a non-exotic car. If he had a Buick you'd be hard pressed to find anyone exerting 1% of the energy you are asking of him. He wants to sell the car, who cares what the long term effects on the cylinders are? Maybe he can get lucky and the car starts, he finds a buyer and all of the Ferrari hysteria goes onto the new owner.

    A dead car is a dead car, and worth a certain amount. How or why the car is dead is not even calculated into the worth, the worst is assumed and budgeted for. The seller has little downside risk, but do whatever you prefer. If it were me and I needed money ASAP and this car was the only thing I had to sell, I'd try to jump it and hope the Ferrari Gods smiled on me today as a way of saying goodbye.
     
  13. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,057
    Savannah


    yes, and when you destroy the engine you have a 308 worth $3000 as a body . i bought a 308 from someone here for $9500 and fixed it. how many ferrari' have you owned, bought or repaired? i am on my third. in a years time.

    you are right, this is not a camaro or a buick, hence the need to not be careless and destroy parts that can be saved.


    edit, at the very least pull the spark plugs and inject marvel mystery oil in it.

    and it aint going to run on 4 year old fuel with fuel injection. so getting it to "turn over" will do ??????? what exactly ???????
     
  14. Auraraptor

    Auraraptor F1 World Champ
    Lifetime Rossa Owner

    Sep 25, 2002
    13,958
    MO
    Full Name:
    Omar
    I am with michael on this one...Not to mention if the belts have gotten a bit stiff from sitting for so long. Stiff rubber forced to bend likes to...

    Seriously, at least do a basic check/inspection on everything and fluid swap. Fluids aren't THAT expensive if you buy them yourself and don't go overboard.
     
  15. aleventhal

    aleventhal Formula Junior

    Jan 11, 2005
    661
    Sparks, MD
    Full Name:
    Alexander Leventhal
    Grand Touring in Laurel MD is as good as it gets. That being said, if you do not want to deal with it, I am an immediate cash buyer for this car - email me at alexander_t_leventhal at yahoo.com with your contact info if you are interested.

    Thanks,

    Alex

    Dino #10704
    365BB #18265
    400i #049773
     

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