Rebuilt title or high mileage... which one is worth more? | FerrariChat

Rebuilt title or high mileage... which one is worth more?

Discussion in '348/355' started by shotjock, May 1, 2009.

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  1. shotjock

    shotjock Rookie

    Apr 16, 2009
    8
    Hello all,

    I have a line on 2 '91 348's. Both look to be in excellent condition, drive well, and both had majors at Ferrari selaerships in the last 6 months. One has 60k and original and the other is a rebuilt title and 30k.

    For 35k I think either is a decent deal... But if I want to come close to getting most of my money back in the next yr or 2, which one would be worth more in your opinion?

    So basically it's a matter of what dings a car value more... 30k miles or rebuilt title?

    Please advise,

    Sincerely a 1st timer (Maybe)
    Thank you!
     
  2. CRAIGF355

    CRAIGF355 Formula 3

    Nov 13, 2005
    1,019
    NJ
    Full Name:
    CRAIG ANDERSON
    high mileage would be the best way to go. My 2cents
     
  3. deluboz

    deluboz Formula Junior

    Dec 9, 2008
    298
    Plano,Texas
    Full Name:
    John C. Lin
    +1
     
  4. 355 Fixer-uper

    355 Fixer-uper Karting

    Jul 27, 2005
    126
    Chicago
    Full Name:
    Andrew
    Do you know the type/extent of damage that was done to the rebuilt one?
     
  5. UConn Husky

    UConn Husky F1 Rookie
    Silver Subscribed

    Nov 11, 2006
    4,425
    CT
    Full Name:
    Jay
    High mileage is perfect - you can drive lots and not change value as much.
     
  6. ernie

    ernie Two Time F1 World Champ
    Lifetime Rossa Owner

    Nov 19, 2001
    22,634
    The Brickyard
    Full Name:
    The Bad Guy
    High milage.
     
  7. f355spider

    f355spider F1 World Champ
    Owner Rossa Subscribed

    May 29, 2001
    18,059
    USA
    Both will be a tough sell, but high mileage will be easier than one with a rebuilt title.
     
  8. gf1red

    gf1red Formula Junior

    Mar 5, 2006
    413
    Staten Island N.Y.
    Full Name:
    Mike G.
    High mileage.
     
  9. shotjock

    shotjock Rookie

    Apr 16, 2009
    8
    Hello!

    Thank you for the responses, All I know is that it was front end and the engine was not harmed. For some reason, i thought the lower milege one would be, just because of the new parts/paint, etc... but that is why joined you guys in advance of taking over the massive responsibility orf owning everyone's choldhood dream!

    Please keep the opinions coming!
    Thank you again!
     
  10. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,442
    Taxing Jersey
    If you plan to keep it go rebuilt. But you really need to know what the original damage was and how it was repaired. Frame damage is a no no
     
  11. rbellezza

    rbellezza F1 Rookie

    Jun 18, 2008
    2,793
    Henderson, NV
    Full Name:
    Roberto Bellezza
    High mileage is your best choice, the rebuild title always creates some question marks
     
  12. hacker-pschorr

    hacker-pschorr Formula Junior

    Sep 27, 2006
    584
    Land of Lambeau
    I love high mileage (well maintained) cars that are priced right.

    I will only buy a rebuilt title car if I saw the "damage" in person before the repair, and I know who did the repair work.
     
  13. blackforestauto

    blackforestauto Karting

    Jul 6, 2007
    185
    Cleveland, Ohio
    Full Name:
    Bob
    I think there's some wisdom in both of these statements...rebuilt rightly carries a much larger "fear of the unknown"...at least among knowlegeable buyers.
     
  14. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,329
    Palos Verdes
    Full Name:
    Vince V
    Do I really need to chime in here? Go for the high mileage.
     
  15. Huskerbill

    Huskerbill F1 Rookie

    Sep 6, 2004
    4,126
    Oconomowoc, WI
    Full Name:
    Bill
    High mileage.

    A well documented, high mileage car is perfect in my book. All the kinks have been driven out of it and you know you aren't going to get a garage queen that might not like to be taken out of the garage.

    With a high mileage car with receipts you know exactly what to expect down the road.
     
  16. First Ferrari

    First Ferrari Formula Junior

    Jun 18, 2005
    523
    Mahtomedi,MN
    Full Name:
    Christopher Reeves
    I vote for high mileage also, well cared for high mileage that is....
     
  17. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,442
    Taxing Jersey
    This is interesting... most hi mile cars that are on the market are treat like they have a plague because everyone avoids them.
    In the Ferrari world hi miles is 30k plus.
    I dont understand this especailly when most guys use synthetic oil. So 30k in reality is barely broken in.
     
  18. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
    13,259

    I think we all agree :)
     
  19. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,622
    Gates Mills, Ohio
    Full Name:
    Jon
    Neither of the above. The market is very low right now, so if you have the cash I would take advantage of that and get into a lower mileage car with no issues.

    If it really is a choice between these two, and only these two, then I agree with the high mileage voting bloc here.
     
  20. shotjock

    shotjock Rookie

    Apr 16, 2009
    8
    Hey guys,

    Thanks a lot for all of your help! Looks like high miliege it is. The dealership that the guy traded it in just got the timing belt, can belt (not sure if this is the same thing) and clutch plate done @ certified dealership, has paperwork of what they had done because the guy ended up not bringing the paperwork like promised.

    So looking at paying 36k delieverd for a 90 in excellent shape and 65k miles. Is that a good price?

    Thank you all again my new friends!
     
  21. gothspeed

    gothspeed F1 World Champ

    May 26, 2006
    10,244
    U.S.A.
    Full Name:
    goth
    High mileage!! ................. never trust an f-car with low miles ........ its actual care and history are suspect ......... as anyone who does not drive their f-car(s) has potentialy very serious mental problems ..................... :(
     
  22. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,793
    Ontario, Canada
    Full Name:
    Mike
    Congratulations and welcome to the brotherhood....don't forget to post pictures once you take delivery.
     
  23. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
    Rossa Subscribed

    Jun 9, 2004
    4,686
    LA & OKC
    Full Name:
    Kevin
    #23 RossoCorsaItaly, May 4, 2009
    Last edited: May 4, 2009
    High mileage any day of the week.

    High miles is the only way to go for me. I won't buy a garage queen, not worth buying a car that was sitting in a garage for God knows how long.

    Ferraris are often fixed cheap, they fetch a high demand when wrecked because it is still very profitable for the car to be a parts car. I will not touch a rebuilt one unless I know the FULL 100% history.
     
  24. shotjock

    shotjock Rookie

    Apr 16, 2009
    8
    When I finally become one of you. I will definately start posting a lot!
     
  25. SonomaRik

    SonomaRik F1 Veteran

    #25 SonomaRik, May 4, 2009
    Last edited: May 4, 2009
    High mileage is better than low: It has probably been sorted and driven so much is in order.

    The only reason to buy the rebuild, IMO, is for low, entry into a Ferrari, with no reason to get much out of the future resale, IF that is what one wants.

    or more importantly

    using it as a track car: that price would be nice for tracking IF the rebuild was done correctly, if not, it needs to come way down even for track.
     

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