NADA Values 308/328

While at the bank today, working out a loan for a 328, the NADA values were addressed by the banker. Seem "strange" to me:

82 308 GTSi 20,775, 26,775, 37,775 (low, average, high).

87 328 GTS 25,600, 34,650, 40,150 (low, average, high)

Seems low for the 328 yet high for the 308. That having been said I would love to get that for my 82 2 valve. In realistically doesn't sound correct.

Opinions?

 

NADA values are worthless

nobody uses them
that i know of

that's why they're called "NADA"
nada means nothing in spanglish

 

oh yeah, i forgot to mention,
Nada guides are almost as worthless
as FML prices

 

I rather suspect that answer is spot on!!! Collecting Ferrari, by Keith Martin, states 22,500 to 27,500 for the 308 GSTi and 35,000 to 50,000 for the 328.

Thanks

Steve Schroeder

 

Actually that is not exactly true. Many financial organizations (AKA banks) will use NADA or one of the other resources out there such as Kelly Blue Book, etc. to establish what they will be willing to loan on certain cars. However most will use this as a guideline - and will vary on loan amounts as needed. I also believe that insurance carriers that establish an agreed upon valuation or replacement cost - will use this as a guidance to establish the amount. (This is true unless it is a very rare collectable or low production car - AKA the F40, F50, Enzo, etc would not be used to establish this). Case in point I purchased my new Gallardo with all the options - for 30K less than the agreed upon replacement value. When I looked up my car in NADA - the exact amount that they listed is the amount that NADA valued the car at.

PS. Yes the values in these books are often bogus... I found the same thing on a 95 and 96 spider as opposed to a 97 - which was valued in NADA as less than the 95/96 spiders? Why - who knows.

 

Seems like they are lumping all the 308 models in that mix even though it says '82. I would agree with the low figure for a well used 308 GTSi and the high figure for a very good condition 308QV. Even in perfect shape though, I don't see a GTSi going for much over $30K.

The low figure for the 328 does seem a little low. I've seen very few go for less than $30K.

 

You are correct. How long has it been since an 82 went for 37K? It's been a while.

 

My bank valued my 79 308 at 29,000 and didn't even look at it.

 

Too many people think of the NADA book as a catalogue. You can't just order a car at the prices listed.

The other valuation problem is the service factor. A car that needs a full service is worth $5,000 less than one with a fresh service. Unfortunately a lot of would-be Ferrari sellers think their out-of-service cars should bring top price.

I think this may be a little less a factor in older 308s, which are often bought by DIYs who can do a service for a few hundred bucks worth of parts.

This distorts the market a bit and actually probably makes the older cars sell for more than those of us who contract out the service should pay.