News

Testarossa Price Trends

Discussion in 'Boxers/TR/M' started by Mr.Chairman, Dec 9, 2010.

  1. Mr.Chairman

    Mr.Chairman F1 Rookie

    Mar 21, 2008
    2,920
    New Jersey
    Full Name:
    Robbie
    Greetings.. Seeing a bunch of Testarossas for sale on Ebay. Prices are really tanking.. A bunch of low mileage examples selling for the 40K range.. Guess its a great time to buy for people in the market.. Any thoughts?

    R
     
    MrFast likes this.
  2. Jagbuff

    Jagbuff Formula 3

    Jan 13, 2004
    2,265
    Site of US F1 Race!
    Full Name:
    Franck
    Are they actually selling? I think they might be going for even less...
     
  3. ralfabco

    ralfabco F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    19,496
    Dixieland
    Full Name:
    Israel Beiteinu
    The unserviced 7 owner drivers with mechanical and cosmetic issues, are lucky to get 30K cash.



    The bottom of the barrel prices, put pressure, on the good cars that are for sale.

    An owner of a good car, may not be willing to wait for an educated buyer looking to spend more money, for a much better car. If the seller of the better car is impatient, he may grab a 40K offer. The real loser, is the buyer who purchases the 30K car. Look what you can buy today, for another 10K.
     
  4. Rifledriver

    Rifledriver Two Time F1 World Champ

    Apr 29, 2004
    25,495
    Austin TX
    Full Name:
    Brian Crall
    Have you been watching any other non investment grade Ferrari?


    They are all down and falling.



    Seems I read somewhere that there are problems with the economy.
     
    Natkingcolebasket69 and Shamile like this.
  5. Juri

    Juri Formula Junior
    BANNED

    Mar 15, 2010
    604
    Houston, TX
    Full Name:
    Juri
    In a couple of months (in 2011) it will be good time to buy, IMO (even if for spare parts...).
     
  6. Spasso

    Spasso F1 World Champ
    Silver Subscribed

    Feb 16, 2003
    14,612
    Land of Slugs & Moss
    Full Name:
    Han Solo
    #6 Spasso, Dec 9, 2010
    Last edited: Dec 9, 2010
    Yeah, I am trying like hell to stay out of my piggy bank and buying another one of these great deals. It would be even better if I sprung for a late 1994 512TR with the -M differential.

    The prices on 550's are VERY attractive and if someone offered me the right price for the TR I would be inclined to go for the switch. The trouble is, I would miss that old clunky TR if I did sell.
    You just don't get the same reaction from people looking at a 550 as you would when they look at a TR. Even little kids know what a TR is and go apesh!t when they see one.

    If the market is still down in 2011 I may do it anyway. I need a yellow one to go with my boring red one.
     
  7. speedy

    speedy Formula Junior

    Oct 18, 2005
    613
    Plano, TX
    Full Name:
    James Gardner

    You should... TRs are IMO the best bang for the buck out there.
     
  8. Sandy Eggo

    Sandy Eggo F1 Rookie
    BANNED

    Jun 4, 2009
    3,275
    Encinitas, CA
    Full Name:
    Rick
    Not what I wanted to hear having just made my purchase...o-well, it'll be a couple decades before I sell (if ever). By then, my hope is that inflation and appreciation will make me look like a genius. lol.

    I take some solace in the fact that I paid $35-40k in 1986 dollars (adjusted for inflation) for my 2,000 mile TR. Nothing wrong with buying a fully depreciated car in brand new condition.
     
  9. Testarossa Lover

    Testarossa Lover F1 Rookie
    Rossa Subscribed Owner

    Dec 31, 2006
    3,450
    Newport Beach, CA
    Full Name:
    Haig Barsamian
    Rick, don't worry about the market. Your car is beautiful.
     
  10. Testarossa Lover

    Testarossa Lover F1 Rookie
    Rossa Subscribed Owner

    Dec 31, 2006
    3,450
    Newport Beach, CA
    Full Name:
    Haig Barsamian
    We should come up with TR Rescue FUND. We all chip in and buy the cars and eliminate the inventory.
     
    Natkingcolebasket69 likes this.
  11. UpNorth

    UpNorth Formula 3
    Owner

    Sep 30, 2006
    1,731
    Quebec, Canada
    Full Name:
    Francois
    Funny. I was thinking just the same. But as mentionned time, inflation and a couple wrecks (not wanted) once in a while will do the thing. Anyway, MY TR IS NOT FOR SALE!!!
     
  12. tundraphile

    tundraphile F1 Rookie

    May 16, 2007
    4,162
    Missouri
    Doesn't the market usually go soft during the winter? You certainly see fewer cars for sale, presumably by sellers that can't wait until warmer weather.
     
  13. UpNorth

    UpNorth Formula 3
    Owner

    Sep 30, 2006
    1,731
    Quebec, Canada
    Full Name:
    Francois
    End of driving season could bring prices a little lower but I think it's more the economic winter that is to blame.
     
  14. Scaledetails

    Scaledetails F1 Rookie
    Silver Subscribed Owner

    Nov 19, 2003
    3,924
    Las Vegas
    Full Name:
    Stephane
    LOL!!!!
     
  15. EMILIO

    EMILIO F1 Veteran

    Feb 23, 2006
    6,346
    Italia
    true!
    it is SOOOO easy to spend 10k$ on an old 12 cilinder italian car!!!
    if you are looking at a 365 BB you have not many choices...but with a testarossa you have a lot of cars available
    take your time, see some cars and make sure to buy a very good one
    sometimes it is worth to pay those 10k$ more ;)
     
  16. Spasso

    Spasso F1 World Champ
    Silver Subscribed

    Feb 16, 2003
    14,612
    Land of Slugs & Moss
    Full Name:
    Han Solo
    I bought mine in February 2008, right before the BIG SLIDE. I was pissed six months later when the TR market took a 15% dump.
    I felt a little better when I realized the stock market took a 30% dump during the same period.

    I still feel I got what I paid for

    Your timing was good and you got yourself a nice car. Even if you think you paid too much you'll find that in the long run you didn't.

    It's all relative, and you know how we feel about relatives........................;)
     
  17. ralfabco

    ralfabco F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    19,496
    Dixieland
    Full Name:
    Israel Beiteinu
    What about the people who purchased the car in 1987 and sold in 2005 ?

    Even worse, are people who purchased the car as-new, as a long term investment ! Today, it is not difficult to find a new 1989 Anniversary Countach, with delivery miles. The blue chip investment, was not much of an investment. In addition, they never drove the car around the block.
     
  18. Spasso

    Spasso F1 World Champ
    Silver Subscribed

    Feb 16, 2003
    14,612
    Land of Slugs & Moss
    Full Name:
    Han Solo
    That relativity thing again....................................:)
     
  19. ralfabco

    ralfabco F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    19,496
    Dixieland
    Full Name:
    Israel Beiteinu


    When I was in Hi-School in the early 80's, you could buy a 300SL Gullwing for the bottom 30's.


    I asked dad to buy it - true story :D.
     
  20. Spasso

    Spasso F1 World Champ
    Silver Subscribed

    Feb 16, 2003
    14,612
    Land of Slugs & Moss
    Full Name:
    Han Solo
    30k was a lot back then......................still.
    Coulda, shoulda, woulda...................................
     
  21. Spasso

    Spasso F1 World Champ
    Silver Subscribed

    Feb 16, 2003
    14,612
    Land of Slugs & Moss
    Full Name:
    Han Solo
    I paid an extra 15k for mine and it still had a few flaws cosmetically. The mechanical condition made the deal.

    There is nothing wrong with paying top dollar for a top car. I think Rick did well. A love affair has been born.

    He's probably sleeping next to it right now.:)
     
  22. Sandy Eggo

    Sandy Eggo F1 Rookie
    BANNED

    Jun 4, 2009
    3,275
    Encinitas, CA
    Full Name:
    Rick
    Pretty close...I did just come back from the garage...staring at it a while...you know, the usual. I have no regrets.

    I was just telling my wife at dinner that driving the TR is like dating a supermodel - she's very b!tchy if you don't treat her right but when you do the rewards are wonderful. Whereas with the F355, you can get in, whip her hard and she just loooooves it & will never complain. Sorta like that hot, dirty girl you dated in college.

    Paging Dr. Shamile for pics to go along with this thread. hehe. :D
     
  23. finnerty

    finnerty F1 World Champ
    Silver Subscribed

    May 18, 2004
    10,341
    #23 finnerty, Dec 10, 2010
    Last edited: Dec 10, 2010
    EXACTLY.

    I'm sorry TR owners, but the TR is simply not a collectible Ferrari (maybe someday, but not today). Right now, it is an older, outdated car, with relatively (very) high maintenance and parts costs ---- that does not equate to "desirable" for most folks :)

    If the 308's & 328's weren't so much cheaper to maintain and run, relatively --- their prices would probably have crashed farther than they have, too....
     
  24. brettski

    brettski Formula 3

    Feb 29, 2004
    1,754
    north of toronto
    Full Name:
    brett swaykoski
    yup...and the exact same thing can be said for your 550...
     
  25. deangpsx8

    deangpsx8 Formula Junior

    May 2, 2008
    467
    Melbourne-Australia
    Full Name:
    Dean C
    Hmm just because the yankee economy is screwed and over populated with TR's does not mean that they are not collectable.

    Prices in Australia are stable.
    Prices in UK have actually increased about 40% in the last 4 years.

    The Testarossa was the last V12 rear engine product made in Enzo's days.
    Enzo Ferrari said that a true Ferrari must be a V12 Rear engined motor car.

    I have a TR and Countach and consider them a great investment.
    So far they have been better than having the equivalent money invested in shares or in the bank.
     
    Natkingcolebasket69 likes this.

Share This Page