Old challenge cars don't retire! | FerrariChat

Old challenge cars don't retire!

Discussion in 'Challenge/GT Cars/Track' started by rob lay, Aug 22, 2005.

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  1. rob lay

    rob lay Administrator
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    Proof old challenge cars aren't only good for dusty showrooms and the occasional track day.

    There is growing support as you have seen first with HSR and now with another vintage organization starting next year for old challenge cars to race.

    NASA is also another venue that has regions across the country and doesn't have the same rules against the FIA cages that SCCA has.

    We have been welcomed enthusiastically by NASA Texas www.nasatx.com to start a Ferrari racing series and they'll provide all the support they can. This year they ran 6 race weekends at 4 tracks in Texas, Oklahoma, and Louisiana. The entry fee is $280 for the entire weekend that includes a little over 2 hours of practice, qualifying, and racing. These are full racing rules, not the typical vintage or NASA rules held elsewhere in the country. We can have our own Ferrari classes, but this year we have been running with the Super Unlimited Over 3 Liter with the Vettes. They also put the American Iron Mustangs and Camaros in our group. This past weekend at Texas World Speedway there were 32 cars in our group. Mark and I in 355 C's were the only Ferraris.

    You don't need to spend thousands or tens of thousands to race Ferraris. This weekend only cost me about $650 with everything included. I get one or two heat cycled tires from the Grand Am series for $75 a tire.

    With so many challenge cars out there and especially the 348's and 355's being easy to self maintain, I think a series like this could be really successful. The NASA Texas organizers are really interested in a Ferrari series. Please let me know if interested one way or another and also consider that other regions of NASA may be interested in this too.

    Link to the NASA Texas weekend at Texas World Speedway.

    http://www.ferrarichat.com/forum/showthread.php?t=69384
     
  2. BigHead

    BigHead Formula Junior

    Oct 31, 2003
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    Rob, I've got 6-12 355CH and 360CH owners up here in the Northeast that would LOOOOOOOOOOOVE to participate in something like this. But NASA is not very active uphere, AFAIK (Lime Rock, NHIS, Watkins Glen, Tremblant).

    Man, I am envious. If you hear of anything going on up here, let us know!

    (as an aside, what sizes/brands are the Grand Am slicks you get? I'm getting a set from Martin, assuming they fit.)

    vty,

    --Dennis
     
  3. redcar1

    redcar1 Formula Junior

    Nov 3, 2003
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    Rob,

    I couldn't agree more. See my response in the other thread, but I think these cars would make for a great series.

    This past wknd I had 8 hard HOT sessions, with zero problems, something I never did racing the Cobra. I did have some initial problems earlier this year, with the Ferrari, but they were no worse than any other race/track car. An electrical gremlin that turned out to be an air flow sensor and a broken ball joint.

    The cars drive beautifully and they can be purchased fairly reasonably. Last wknd I ran fresh Pirellis, which are expensive, but you can save $100+ per tire by using one size larger than the Ferrari spec (Ferrari tax?).

    As I wrote in the other thread, I think the one negative is going to be the cost of an engine, transmission, or majot shunt, which will be a LOT more than the AI and T1 Corvettes, Mustangs, Camaros that we run with.

    I'm looking forward to the next race and trying to get some more cars out there.

    See you at the races.

    Mark McKenzie

     
  4. fatbillybob

    fatbillybob Two Time F1 World Champ
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    Aug 10, 2002
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    Rob,

    You are lucky to have A buddy to play with. I can't find a single Ferrari racer in So Cal. I never been in a race group with another Ferrari. If I'm lucky I'll see one guy in a DE. I hope the NASA thing turns on in So Cal.
     
  5. WCH

    WCH F1 Veteran
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    Mar 16, 2003
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    Rob, I am VERY interested, but need to know dates as far in advance as possible as I would have to travel to get there. 360Ch modified with the Grand Am style wing and a splitter.
     
  6. WCH

    WCH F1 Veteran
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    Mar 16, 2003
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    BigHead: if you've got 10 guys who are interested and willing to fly in, I'm sure we could get transport. I might be able to talk FoW into transport, if they're available. They have a very busy schedule.
     
  7. rob lay

    rob lay Administrator
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    NASA TX won't release 2006 schedule until maybe November, but it will be similar to this year...

    - March 5-6, 2005 / NASA, MSR
    - May 21-22, 2005 / NASA, MSR
    - June 11-12, 2005 / NASA, NPR
    - August 20-21, 2005 / NASA, TWS 2.9
    - September 17-18, 2005 / NASA, Hallett
    - November 5-6, 2005 / NASA, MSR

    MSR is Motorsports Ranch in DFW where 2001 Annual FCA meet was.

    NPR is No Problem Raceway in Louisiana where New Orleans track day is.

    Hallett is great track in Oklahoma. Paul Newman said it was his favorite track.

    TWS 2.9 is a great track where several original Ferrari Challenge races were held.

    Also, most of these weekends you can pay $200 for all day testing on Friday. Can't beat 3 full days for $480.
     
  8. rob lay

    rob lay Administrator
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    NASA TX really wants this to happen!

    What can they do to entice you to take part? For many money isn't an issue, but they can do something along those lines or free entries. We can also find series sponsors. However, if money isn't a factor, what else would make this more attractive, especially to travel a long distance?
     
  9. redcar1

    redcar1 Formula Junior

    Nov 3, 2003
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    Rob,

    Do you think there's time to rally support for one of the two remaining 2005 events? Ferrarichat.com invitational??

    I have potential conflicts both wknds, but could probably adjust my schedule if there was enough interest. There are at least 5 cars sitting ready to go in garages just in Texas alone...

    I'll definitely try to make most of the 2006 races.

    What do you think?

    Mark

     
  10. rob lay

    rob lay Administrator
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    I'll be doing the Jazz Tour Ferrari event in Arkansas Hallett weekend and for MSR that is opening duck season Saturday and otherwise I would like to run the RX8 Sunday.

    I might just finish up my FCA duties this year and then get a website and promotion going for the start of 2006 season.
     
  11. RussianM3_dude

    RussianM3_dude F1 Rookie
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    How much would a Ferrari race car be worth? I heard around 140K Swiss franks (100K USD) for a good condition 360 Challenge.
     
  12. rob lay

    rob lay Administrator
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    I think $100k for 360 Ch is top end. I've seen many go for $80k. 360 Ch requires much more money and professional work than a 348 or 355 Ch does.

    A 355 Ch is going for $50-75k now. Sometimes the $50k isn't worth it as it needs $30k worth of driveline and other work.

    A 348 Ch might be found in the $30k's.
     
  13. RMV

    RMV F1 Veteran

    Apr 11, 2002
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    Rob: Do you see them coming down any further, or OTOH, do you think they'll ever rise in value?

    Not asking because I want one and I'd like to make money off it, I want to know if they're still going to be affordable when I'm ready to go shopping.

    Thanks!
     
  14. rob lay

    rob lay Administrator
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    I don't know. 355 C's have dropped like a rock for 5 years. You couldn't find one under $100k 3-5 years ago. I bought mine 2 years ago for $75k and that was on the low side for a really good car with new rebuild. I've seen several 355 C's selling for $50-60k, but most are tired cars. If a 355 C is in great shape, has several spares, and a recent rebuild. I think worth about $65-70k.

    360 C's I haven't figured out yet. Going for them is great looks, newer, and fast as heck. Going against them is many have been wrecked, require SD2, and require trained techs with you at the track. The 348 and 355 you can do all track stuff yourself easy. I've heard some great 360 C's go for $80k. For awhile I had a theory the 360 C's would be worth less than the 355 C's someday because hard to maintain yourself. However, there are enough people that want them for the garage and don't mind paying a Ferrari dealer to matain to keep the prices higher. Within a year I think the going rate for a 360 C will be $75k.

    348 C's are all over the map. Old beat up cars that haven't been run in awhile might only be worth $30k. I would price a perfect one with recent rebuild at $40k.
     
  15. RussianM3_dude

    RussianM3_dude F1 Rookie
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    How often do they brake? I.e. If I use one once a month for a track day, can I last a year without expensive repairs? Can I convert one for limited street use afterwards?
     
  16. rob lay

    rob lay Administrator
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    They brake several times a lap. :D

    Hopefully they never break, but racing is hard on the cars. Hopefully it just wears the brakes and maybe a driveline rebuild every 3-5 years. In 2 years of hard use I haven't had anything major go wrong on the 355.
     
  17. rob lay

    rob lay Administrator
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    You wouldn't want to do this. You want a race car or a street car? A mix of the two ends up not being good or safe for either.
     
  18. staatsof

    staatsof Nine Time F1 World Champ
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    I run with the 355 and 360 Challenge cars all the time at the track. From my observations and talking extensively to the guys that drive them here's what I've gleaned.

    The 360 is the fastest but not light years faster.

    You can't do much of anything yourself to this car except break it or wreck it. Two years ago I saw 4 of them wrecked to the tune of $40K plus each at the track, two in the same day. They appear to be very safe in a crash but unstable at the limit for beginners. I don't think this is a good 1st track car. A lot of guys I know just pay the dealer to maintain it and transport it to and from the track. That's the only time they see the car. If you can afford it this seems like the way to go. They appear to me to be of a higher build quality than the 355's, maybe too high.

    A lot of guys like the 355 a whole lot and as for myself I enjoyed the ride in that car a lot more than the 360 which I found too sterile, boring (as a passenger) and hot.

    I agree with the part about the 355's being pretty tired by this point in time. I know of 2 guys that sold last year to avoid the engine/trans rebuild. That means someone else got stuck. So get one with proven fresh mechanicals.

    It was pointed out to me by someone that Ferrari would be less than thrilled with the idea of a vintage 355 challenge as they probably would perceive it as detracting from their current challenge series. I think they(Ferrrari) would be wrong to think that way, different people involved, but I'm guessing that's how they'd see it. They probably wouldn't think too much of the people involved if that matters to anyone. I hope I'm wrong because I really like the idea.


    Bob S.
     
  19. Juan-Manuel Fantango

    Juan-Manuel Fantango F1 World Champ
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    There was a 1997 Challenge car "converted" to street use on ebay last week that said buy it now at 59K. All of the spares were there as well to convert back to track only. The seller said it could be registered to drive on the street...

    95 was the last year of the title, now bill of sale. I have driven my 348 Challenge (formerly Jim Kenton's 96 348 Series Champion) over 20,000 miles in the last 1.5 years, with only a "drop gear" failure. Been stopped 5 times, one "dumb" incident on the way to Indy FCA and F1, (1728 miles that week), and several track events. Also Daytona 24 Rolex, Amelia Island Concours, VIR Track Day, Petit LeMans, ALMS at Road Atlanta, Ferrari Challenge at Road Atlanta, Roebling Road track day, www.tailofthedragon.com 4 times, and many other events. Carolina Trophy, Eurofest, and the French Quarter Classic should round out my year.

    I paid 58K when I purchased it. Too much? I would have paid more for this experience. I am creating memories that will last my lifetime.

    I love this car...
     
  20. Cavallino Motors

    Cavallino Motors F1 World Champ
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    I have my first NASA race next weekend. Looking very forward to it. NASA just started in Florida last year and have gone strong since. They hooked up with a group PDC and came together with them. Maybe that is the way to look into the future up there especially if you have already a group of guys.
     
  21. rob lay

    rob lay Administrator
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    Not like most Challenge drivers need money, but Ferrari drivers do like to brag how much they won at the track. Do you think if I started off FerrariChat.com sponsoring the series with cash and then worked a few other sponsors, if that would be worth the time and effort? I don't want to put all that in, if we're still going to have 4-5 cars either way.
     
  22. Cavallino Motors

    Cavallino Motors F1 World Champ
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    Rob:
    I think that is a start. You have to start somewhere. Get 4-5 guys that commit to run your series. I would hook up through NASA and see if there is enough interest for them to group you with Porsche like the CHRA does.
    I would not go out and sponsor an entire series. I would hook up and also get the credit through the series. Let me see how many guys will come to do CHRA in September and if there are some I will talk to them and to the organizer of CHRA and maybe we can splinter off a Porsche and Ferrari series that we can take to places in Florida and Texas and in between (Barber etc).
     
  23. fatbillybob

    fatbillybob Two Time F1 World Champ
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    Rob,

    If a lowly 348C can run I'd do it. There is no way I'd be competative but i'm out for fun anyway. I'm in Cali so questions I have are things like:
    To be legal to race with NASA you need what? Race license other club like AROSC? or special NASA race school or skippy?

    What have you guys been doing to get racecar transport. I have a tow rig but I would fly in to drive Texas, La. etc... You guys know people or are there other Cali racers to get in and share car transporter cost? You got any ideas of how that gets done with minimal pain?
     
  24. rob lay

    rob lay Administrator
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    I will never ever get involved with a stand alone series, however, let NASA do the dirty work and take the risk. We'll just show up to race and cash the sponsor checks!
     
  25. rob lay

    rob lay Administrator
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    NASA will accept SCCA or FIA license for sure. Others would be iffy and you might have to do their race school. If you have some experience, you should be able to school Saturday and race Sunday. They aren't quite as strict as SCCA, but getting closer as they mature.

    We hope to get several 348's out. They would be the most cost effective cars for those wanting to jump in. If you don't run the car much where you live, then just store in Texas for the season.
     

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