Some sellers are just clueless... | FerrariChat

Some sellers are just clueless...

Discussion in '308/328' started by johnvan8, Aug 30, 2004.

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  1. johnvan8

    johnvan8 Rookie

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    Hello,
    I was at a classic car show today and saw an '80 308 GTSi (Red/tan) for sale so I asked the owner about it. Here are the basics:
    17k miles, 2nd owner, $45k. The car looked clean but the engine compartment and driver seat showed wear that was not consistent with a 17k miles car. After swallowing hard, I wanted to be polite and asked when the T-belts were done last, to which the owner replied: never! everything original and never been touched, the only things done were oil changes. I gasped: you mean these belts are 24 years old?! Yep! he says proudly.
    Is this guy close to a major disaster? Don't these belts deteriorate over time? Isn't $45k a bit stiff even if the miles are true?
    Jeesh!
     
  2. dakharris

    dakharris Two Time F1 World Champ

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    Yes, yes and yes.
     
  3. judge4re

    judge4re F1 World Champ

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    Dr. Dumb Ass
    Its a good price for a "buy one, get one free" sale.
     
  4. mk e

    mk e F1 World Champ

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    Help me get this thing finished! https://gofund.me/39def36c
    yeah, I guess $20k is a lot closer to what it will sell for....that is if it sells before the belts let go
     
  5. MS250

    MS250 Two Time F1 World Champ Lifetime Rossa

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    Run Forest Run !!!!
     
  6. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    $45k, What planet is he from? Major service alone is worth $8 k off the price. $20k is much more realistic
     
  7. atheyg

    atheyg Guest

    This owner is great and tells us how and why barn finds happen and the mystery behind them.

    He will never sell the car for $40k and when the belts snap he will not have the money or care to fix the car since he will be so suprised his completely original Ferrari did this to him, so he will put it in a barn and it will stay there.
     
  8. millemiglia

    millemiglia Formula Junior

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    Peter B.
    I agree!

    /Peter
     
  9. millemiglia

    millemiglia Formula Junior

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    LOL!

    /Peter
     
  10. Exoticbro

    Exoticbro Karting

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    The $45k is about right, once it goes in the barn for 20-25 years!!!
    I wonder what the age of the seller is?
     
  11. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    I have a car with old belts, I shift about 5500RPM and I'm saving for a nice set of stainless valves...

    You can only do it with the Luck of the Irish.....was he Irish?????

    Four leaf clovers also help..........
     
  12. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    The car with fresh belts you can take to 7500RPM, 7800 if you want but you are passed the peak at that time....

    I missed a gear once and went to 10,500RPM...........but just for an instant......should have seen the carbon come off.....glowing......
     
  13. doug328

    doug328 Formula 3

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    Sure there are some clueless sellers out there, buts whats more amazing is the number of clueless buyers as well.
     
  14. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    That's what P.T. Barnum told me once.........
     
  15. don_xvi

    don_xvi F1 Rookie

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    "Divorce forces sale"

    Think about that one for a minute!
     
  16. BigTex

    BigTex Seven Time F1 World Champ Owner Rossa Subscribed

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    Yea, that's so they don't have to chop it in half, like that one on ebay!

    I kept the Ferrari and got rid of the first wife. Worked out great!

    Five years later I'm back to two meals a day.

    Amanda's 12 now, six years to go there..........
     
  17. rob

    rob F1 Rookie

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    There's an ass for every seat.
     
  18. Sean F.

    Sean F. F1 Rookie

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    You know I did mine last winter and can help you with yours. I'm going to help Jeremy do his anyway so you should just bring your cars over to my house and we can do them all at one time. I have a 3-car garage. We'll put yours on one side and his on the other and mine in the middle so we don't mix parts - ;)

    We're talking <$400 in parts here, and even less if you're seals are good (and I have a spare set so no need to go out and buy them if you need them)

     
  19. f355spider

    f355spider F1 World Champ Owner Rossa Subscribed

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    Speedy, on your 308? Short shifting won't necessarily help you....there have been a couple cases mentioned in the past with a 308 and a Mondial on the Ferrarilist where old, (past their prime) t-belts went at well under 3k rpm. They were just tooling along in traffic, and crunch!
     
  20. f355spider

    f355spider F1 World Champ Owner Rossa Subscribed

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    If he really wishes to sell the car, he will come down $15k or more. Or, he can live in his "fantasyland" and sit on the car as it continues to depreciate....

    When I was shopping around on 328's and 355's a couple years ago, I ran into a few of these guys...the problem is, do you want to try and educate them on the market; wait them out (they will come around on their own eventually) or just move on. I chose the latter.

    Some owners have strange quirks; I had one guy that would not let his car be PPI'd by a well respected FNA dealer, as he felt they were hacks, and he would not let them touch any of "his Ferraris". I had to take the car to a place of his choosing...yeah right! And you wonder why his car had been for sale for over one year....
     
  21. damcgee

    damcgee Formula 3

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    Sadly, intelligence is not a prerequisite for owning a Ferrari :(
     
  22. jselevan

    jselevan Formula 3

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    Perhaps there is a silver lining to these storm clouds.

    I do not know the market price for this car, but if I could negotiate the price of a major service (from a fair asking price), then I would not hesitate. In fact, I would prefer a car that has not be touched in the engine bay. This provides opportunity to have it done by someone you trust. All to often 20-year old cars have been attacked and beaten by a number of incompetents, such that it cost half again the major dollars to return it to original configuration. Too often washers are in backwards, seals are off-set and leaking, thrust washers are on the wrong side of a bearing, aftermarket volkswagen clutch used because the wrench had one on the shelf, etc., etc.

    Give me a virgin engine bay and I am a happy camper.

    Jim S.
     

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