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Mondial t values

Discussion in 'Mondial' started by jonesdds, Sep 2, 2007.

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  1. jonesdds

    jonesdds Formula 3

    Aug 31, 2006
    2,163
    SB,CA & Park City UT
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    Jeff
    #1 jonesdds, Sep 2, 2007
    Just looked at a clean, no stories(at least not told) 1989 Mondi t convertible. Black on tan. 348 wheels decent tread on the tires. Had major service done 2 months ago. Also has original wheels and tires. Also, tool box complete. Complete manual and records said to be available but in the hands of the current owner, the cars a consignment car. 24K miles, paint/body 9/10, interior an 8/10. Drove, idled etc. as expected, no issues noted. Not sure about the top operation, I'm told its near perfect shape and operates just fine. What is a fair price range for this car? I'm going to assume PPI will come back clean but work down if things are needed. Obviously the huge expense, the major, has been completed-was done at Auto Gallery in LA-SF valley. I was amazed how nicely the car drove out, quite a different feel than my 328, easy to drive daily.

    Jeff
     
  2. hank sound

    hank sound F1 Veteran

    Jan 31, 2004
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    Hank Garfield
    #2 hank sound, Sep 2, 2007
    Hey Jeff,

    Is it the car that you want - the color that you want - the interior that you want? If the answer is "yes" to everything but the interior, then the enswer could be "go for it". (Interiors are easily changed) -------- truly:)

    Good luck,
    Hank
     
  3. buzzm2005

    buzzm2005 Formula 3

    Aug 23, 2005
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    Buzz
    #3 buzzm2005, Sep 2, 2007
    Up until 2 months ago I would have said $45K for that car on but now? $42K. Get a PPI.
     
  4. hank sound

    hank sound F1 Veteran

    Jan 31, 2004
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    Hank Garfield
    #4 hank sound, Sep 2, 2007
    ($42k) Based on what?
     
  5. jonesdds

    jonesdds Formula 3

    Aug 31, 2006
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    Jeff
    #5 jonesdds, Sep 3, 2007
    Cavillino states $40K as a low and 70 as a high.

    Jeff
     
  6. buzzm2005

    buzzm2005 Formula 3

    Aug 23, 2005
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    #6 buzzm2005, Sep 3, 2007
    Based on:
    1. What I paid for mine 2 years ago
    2. Mileage factor
    3. Credit market collapse factor
    4. "It's all going to h*ll; get a Ferrari!" factor

    This is Bell curve stuff. Outstanding examples -- like the $70K 4500 mile t in south Jersey or whatever the improbably low mileage was -- command premiums.
     
  7. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
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    Art
    #7 2000YELLOW360, Sep 3, 2007
    I thinnk that the values are going up, at least for now. I suspect a 90 T is probably worth about 50 - 55 in today's market, if it's a good car. If the credit crunch gets a lot worse, then maybe the price will drop. These are so cheap (for Ferraris) that I suspect 90% of the buyers pay cash, so credit isn't or shouldn't be a problem.

    Art
     
  8. WilyB

    WilyB F1 Rookie
    Rossa Subscribed

    Feb 23, 2007
    4,272
    AZ
    #8 WilyB, Sep 4, 2007
    My own 1990 "T" I have owned since new has only 5,000 miles. This is unfortunate, but there are real life circumstances that make improbably low mileage cars a reality.
     
  9. jonesdds

    jonesdds Formula 3

    Aug 31, 2006
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    #9 jonesdds, Sep 13, 2007
    I'm getting serious about making an offer on this car if I can get rid of another car and I'm able to fit lift to double stack the cars-can't leave it outside, especially a convertible. I'll get a PPI on it but one question about that is what is the typical procedure on that? Do most make an offer contingent on a PPI and it coming out clean or get the PPI first? I wouldn't want to lay out the cash for a PPI first but this car I'm 90% sure is already fairly priced if clean.

    Also, what are the major problem areas to look at? Its had the major within a few months ago and the only thing that didn't work on my inspection was the rear trunk release button didn't work, had to use the "emergency" pull behing the driver's side rear seat. Few button issues with the boot as well, both easily fixed I'm sure. I know that the suspension systems can be expensive to replace but don't know the details. The clutch seems to function fine but it is really different than my 328, long travel before it engages-is this normal or is some adjustment needed or potential problem exist? I know the electrical systems in Mondials are not as good, is this true even in a more modern Mondial? Any other areas specifically to have checked, especially areas that are expensive to fix?

    Thanks

    Jeff
     
  10. davebdave

    davebdave Formula 3
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    Mar 18, 2007
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    Dave W
    #10 davebdave, Sep 13, 2007
    Hi jeff,

    we bought our '92 t early this year and I asked for PPI advise also. here is a link. Very good advice and lots of details.

    http://www.ferrarichat.com/forum/showthread.php?t=143116

    The boot snaps and buttons are avail online (they are not Ferrari specific). As far as the clutch goes, ours engages very late also (original clutch with 9,000 miles on it). I was worried about this at first but now I think it may be normal. The clutch is solid as a rock and has not changed at all in 2000 miles of driving.

    We love this car more and more every day.

    Best of luck, Dave
     
  11. Michael B

    Michael B F1 Rookie
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    Apr 28, 2004
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    Michael
    #11 Michael B, Sep 13, 2007
    Yes, the electronic pull on these are big, and can burn up if the dash switch sticks for even less than a minute. I always double check the dash switch after I use one to release a hatch.

    Anyhow find the large electronic pull in the trunk area and see if its burnt. If it is they can be expensive to replace. Look at $500 to find a factory one (retail is about $1000 each) and used is around $100 +/-. But again, I would bet the electrical dash switch was the fault to begin with so check or fix that 1st be fore installing another electronic pull.
     

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