Mondial values rising?

Yesterday I was quoted $47,900 for an excellent, needs nothing red/tan '89 t Coupe (not Cab) with less then 16,000 miles on it. Although I'm looking for a 3.2 if this one were black/tan I'd make an offer.

 

There are 6 QV Cab's for sale right now in the US all with less than 35,000 miles and all for sale for under $26k.

 

hello,

sellers can ask whatever they want. but with mondials, it's the buyer that determines the market. too many produced to be collectors, and no ferrari 2+2 retains their value well.

taken today from n.a.d.a. price guide;

Saturday, October 21, 2006


Original MSRP: $65,500 Low Retail-Average Retail-High Retail

$20,425- $30,700 - $38,050

compared to a '84 308

Original MSRP: $59,500 Low Retail-Average Retail-High Retail

$34,600- $37,500 -$55,725


if anything, the 308's are appreciating a lot lately. i guess the same rule of thumb still applies. buy the nicest one you can afford after a PPI.

kind regards.


joseph

 

The V-8 cars are not in "vogue" now as collector items. Mondials will never be as desireable as the two seat cars, but rising water will float all boats.

As far as numbers, there were far more 308, 328, 348, 355 and 360 cars
produced than Mondials. IMHO prevoius thread is correct about 2 + 2 cars though.

Ten years ago you could by a good running Ford Mustang V-8 car for
$ 2,500.00, all day long! They made over 1,000,000 of them. Same for a Dodge Charger, though not nearly as many were produced. Try to buy a
nice one today. You'll pay $ 20,000.00+

The market is cyclical and run by what's "hot" to quote Ms. Hilton. Not
necessarily the total rarity of a car. V-8 Ferraris will come, just not yet!

The extremely high prices of the pre-seventies V-12 cars has all but
taken them off the table as far as driver/ collector vehicles. They are
close to being very high priced "garage furniture" that cannot be driven
except to a show or concourse.

Of course, the more rare and expensive a car was when new, the higher
price they command, regardless of age, in most cases.

A Duesenberg was NEVER cheap. It ain't now, either.

 

Nice series 1 cars are rising quite a bit. You can still buy beaters for $19 to $22K but an original series 1 car that has been taken care of will run you $30k+.
I've said it other places and I'll repeat it here; a nice series 1 GT4 is a very rare bird. Only 363 made and probably less than 20 nice ones left.
I think I'll go out to the garage and pat my on the hood and tell what a good girl she is

 

I have no plans of selling my 8 and the car seems to get a little better every year as minor issues get fixed.

Not as good a return as my 401k, but I can't drive a Vanguard fund...

 

I just sold my 85 Mondi coupe, sunroof, 3.O with 25K miles, just did service last year, new H2O pump, needed a few things here and there but overall a nice car, couldn't sell at over $20K, finally let it go for $18.5K. Don't anyone dare post that they would have paid $20+K, because where were you all summer!!!!! Just couldn't justify the new 355 and the mondial. But I agree, buyers are settting the market on those cars. Just my experience, off to finish waxing the 355.
David

 

In the Uk Mondials have been making nothing say on fleabay, the trouble is badly treated or rusty high mileage beaters don't make a lot and to the uneducated they base all prices on that not realising the service costs and a decent one should be double the lower value ones, heres a post I did a few days ago

http://www.ferrarichat.com/forum/showpost.php?p=136160077&postcount=10

 

David,
To be honest I think you did ok. Its a shame but notice the above; we're talking about QV CAB's only getting $24 to $26k, not coupes.

 

depending on what the "little things" were, the price is only a little low. also what color was it? you know what they say about "off" colors. i had real trouble selling a 1995 porsche 911 cab a little while ago. took 9 months to sell it, and i thought the buyer stole it from me. sometimes selling is a real PIA.

john

 

I believe that the total number of all Mondials for the 13 years of production are about 6224 units. Where I don't know the exact numbers but I would bet that there were more 360's made in 2 years than the total of the Mondial 13 year production. Does some one have the # of 360s produced per year? No matter how the Mondials are looked at they are still a rare sight on the road compared to the late model Fcars.

My money is in the lower numbers made.

Dave

 

Cavalino Magazine lists the current going price range for the Mondial Cabs as $35K to $45K (poor to excellent).

When I started in earnest to look for an Fcar last winter, it seemed like all the sellers had gotten together and price fixed their asking prices at around $34k to $36K, depending on miles, maint, etc.

I switched from looking for a mondial to a GT4, and, as you all know, could not find a "good" one for a "reasonable" price. Found plenty from sellers who thought they had gold and were asking $30K or above.

Then, out of the blue, I got a call from a mondial seller (whom I had contacted early in my search) who said he was now motivated, having not been able to sell his car all summer.

I'm happy to report, my '87 Mondial 3.2 QV (red/tan) is parked in MY garage as we speak. I paid in the 20's and Tim Stanford only had to change the oil, the plugs, the rubber boots atop the plugs, a couple of plug wires and the belts to the ac and H2O pump!

My conclusion - the buyer DEFINITELY seems to set the price on these Fcars.

You may be wondering why I was limiting my search to the GT4 and Mondial models.
The answer - a wife and 2 kids (aged 20 months and 4 years old).
We all have huge grins whenever we drive the car! And we go topless, a plus here in sunny Florida.

Once the kids outgrow the mondial, I'll get what I really want - a 360. Maybe by then, as one of the above post suggests, since there are soooo many produced, they'll be priced right.

By the way, thanks again to ALL Fchatters for the info and help!

 

To follow up on this, I have long since been amazed that Mondials don't bring more than the do. After all my 3.2 cab is a Ferrari that's a full-convertible that I can actually USE (more than 2 people and/or more carrying capacity) Granted, it's not the fastest thing on the road (nor is a 308 or 328), but it IS a Ferrari, it's as sporty as either of the other two (in my opinion), and it's a full-convertible.....I just can't understand why a convertible "true exotic" won't bring any more than they do. (I have to assume the cost of parts / service has no small part in keeping prices low)

In the late 80's / early 90's, American Muscle Cars went through the roof, then Ferraris followed that same trend. Anything with the Ferrari name commanded BIG money. A few years ago, I noticed muscle cars trending upward again, so I figured I might be wise to buy a Ferrari before the values went through the roof.......unfortunately, my prediction has not come true so far

 

Is that for a QV or a T cab?
If they claim that is for a QV then they need a dose of reality. As I said above I know of a half a dozen QV's cab's for sale in the mid 20's all are low mileage nice cars.
I doubt after doing the research that anyone would pay $40k for a QV cab.

A nice factory correct series 1 GT4 will run you every bit of $30k plus a bit.
Finding one for sale would be tough. A nice series 1 GT4 is a rare bird. There were only 363 to begin with and sadly most of those are long gone or molested far beyond what it would be worth to get them right. In just the past 10 days I've learned of a total of 4 series 1 cars that are no more, and 2 others that it'll take $10 to $15k to get back to original. Not counting mine there are 4 other really nice series 1 owners who are active here on Fchat.

 

Cavalino has a price range for Mondial T's as follows:

Cab - $38K to $70K
Coupe - $35K to $50K

I personally passed on buying a T b/c of the motor has to be removed from the vehicle for a major service.

 

Same here in the US. If you look at the completed listings for Mondials on eBay you will see that most of them do not sell and keep popping up many times. Well kept, few owner, low mileage Mondials with original paint should be increasing in value. However, the "badly treated, rusty, high mileage beaters" probably won't go anywhere, especially as prices for the 348's and 355's are starting to come within reach of potential Mondial buyers.