Pricing advice for a 87 328GTS

Sounds like a good parts car.

30 grand at best.

 

LOL.

$50k feels like a good asking price. Maybe a little higher if you would like to see what it would get ($55k) or a little lower if you want the car to move ($47k).

-F

 

I think this is very optimistic.

The car description is a no.4 by hagerty standards.

One can only assume that with no service records, the car in question needs more than a belt service. It would be safe to assume that the hoses, fuel lines were not changed in 2008 when the car was 20 yrs old , therefore it's now a stick of dynamite in the back

Not to be offensive, but the description without pictures leaves much to the imagination , especially since the windshield could, or could not need replacing. I could go on,but I won't.

Price Guide Report

 

Agreed, do the needed service work and it would be a 3 and $35-40K... do nothing and you have to find an unknowing buyer to get $25-29K

 

Perhaps. I'm just shooting from the hip based on what I know of the market. Maybe it's skewed because only higher rated cars have been hitting the market, good condition, lower miles, recent service. And these prices are from dealers who are able to do the work before the car hits the market.

Fair enough. Let's say $15,000 to make it right in the engine bay. Belts, clutch, brake pads, fluids, hoses.

So I guess the OP can ask $45,000, with the service needed, or get the service done and ask $60,000, which is not too crazy high given the market.

And there is the cosmetic stuff which can be detailed for another few grand.

So yeah, maybe my estimate was a little on the high side. So hey, get the service done, detail the car, and ask $57k-$60k. Or do nothing, ask $47k and see what happens.

-F

 

Furmano, I don't think we are that far off -

328 Gts's are not rare.....money is rare

 

Apparently you'd be lucky to give it away before it explodes. So maybe donation to Kars 4 Kids?

I'd say 55-ish. If in a hurry high 40's.

 

How about donating it to the local school and they can raffle off $100 tickets for 500 tickets at a total of $50,000. Then, you write off your $50,000 tax deduction for a benefit of $30,000 assuming you're in the 60% total tax bracket.

 

Now there’s a oxymoron – “needs brakes and clutch … runs strong”. 63K miles, paint needs work, windshield replacement, interior fair (needs replacement) , and no service records . Plus it needs a complete service including all belts and hoses, not to mention tires. And I bet the AC is not quite pushing cold air…. It takes a lot of money and labor to bring a Ferrari from a #4 to a solid #2.
Sounds like a below $30K car to me.

 

It's so funny how these discussions go! On the one hand everyone is touting the "new era" of much higher 3x8 prices. And on the other, every car that is honestly described seems to be a $20k car. There has to be some middle ground that represents reality.

One other observation: if you post photos here that don't show grey primer or a car up on blocks, the comments are all "Great Looking Car! GLWS!!!" But an honest description with no pics brings "sell it for scrap." Again, is there a middle ground?

 

Fortunately we have the incredible beauty of the marketplace to separate the wheat from the chaff. List it for sale at a high price and see what happens.

 

Not sure how 30 grand is considered scrap. Last time I checked, 30k is good money.

Have you even priced out what a windshield is on a 328 ? The OP has an honest description, and he is getting honest feedback, amped a hagerty assessment as benchmark.

If this car was described like this 4 yrs ago, it would certainly be a 20k car at best. I suggest a bit of research with work hours and parts prices to determine how much money it actually takes to bring a car back.

As mentioned in the post above you, bring a no.4 car to no 3 or no.2 will take Some serious money in the Ferrari ....no black magic here , just parts and labour facts.

He should list in the mid /high 40s to see what the feedback is,but really be prepared for the first digit being a 3

 

That's a complete load of BS. Price it like you want and let the haters hate.

 

Do you know serial number of this car ?

 

There's a big spread between the pristine 328s going for six figures, and nice drivers.

There isn't as much middle ground as you might think.

 

This. The spread is pretty wide right now.

Below are some screen shots of a Vast - Search Millions of Cars, Vacation Rentals & Homes for Sale search of Ferrari 328. Many of the adds are old but it gives a little insight as to what the market is, or maybe was 6 months ago. Maybe it's not an accurate representation because many of the adds are old but it's a starting point.

BTW, this search was sorted by price, low to high and this just shows the cheaper half of the search. There are many cars that come up with a higher price point (+$45,000).

So yeah, maybe this car is a bit doggish and needs a lot of work to bring it up to a $60,000 price point.

-F
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The couple cheap ones are well below the next tier of $38k. Seems like they'd be salvage or fraud at that rate.

 

Yeah, I figured there was something weird with those cars but I kept them in the search. And like I said, many of those cars have been sold for some time. I just thought it was at least a starting point to get the discussion going.

-F

 

Here are current listings on cars.com, minus three Marshall Goldman cars that don't have a price listed:
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I purchased an '86 328 GTS last month with 67,XXX miles on it. It has service records dating back to the mid-90's and last major was done 8 years ago with not many miles done since. Tires are good with lots of tread but 8 years old.

Body is straight with "normal" chips, interior is fairly clean with one seat tear that I need to address with good leather otherwise and I need to replace the cloth in the rear window area. Has all tools and books. Runs strong. Brakes good. Overall I'd rate this car a 3 with the potential to go to a "high mileage" 2 with some time and money invested. I paid $37,500. Several other owners that have looked at the car have indicated that I bought it below value and I agree.

Based on the limited information that you have posted and with prices on these cars rising, I would price yours in the mid to high $40's range ($47 - $49K) and expect it to sell not too far off that mark.

 

Hell, adding R12 to TrojanFan 328 alone adds ... $1000 to the value.

 

Yeah, I think those cars, and others, have skewed my sense of the market because they are generally in good condition, have up to date service, and sometimes, though not always, low miles. And they are being offered for $60k+.

So when a car with so-so condition and a lot of deferred maintenance comes on the market, the price should be adjusted down accordingly.

-F

 

I've looked at several 328s recently. I'd say from your description, and assuming it's red, it would sell for the upper 40's if you have the major done, detailed with paint correction, and the windshield replaced. Without those items being addressed I think it's a $40k car.

 

Many of those ads are more than just old...they are ancient.

I chased a couple of those almost 2 years ago....