Testarossa Value Today and Crystal Ball

$66,000~78,000 is what I see on cars.com or autotrader for asking price. Assuming a $7000 service is part of the price I'd say $74,000 is a pretty safe bet, if everything else comes back clean. Resale red and the higher cost of living in California will lead to higher prices than a blue example in Montana.

 

Well, I own an 87 (white/red ). When I was shopping for it 1 year ago, red ones (pre 88.5) were in the high 50's, very low 60's)...off colors about 5000$ less...

I have seen several red testarossa's in great shape sell for 60-ish, with a recent major.

I do believe that these cars will appreciate some over the next 10 years - at least enough to cover my ownership costs over the same period. After 10-15 years, I think they will go up dramatically. Cars seem to be worth the most 30-40 years after their inception...so we have a little ways to go yet...

There is very little chance you would get 74,000$ for the car you described - though I wish it were true .

The cost of a major needs to be taken into account, but you will NEVER recoup the full cost. The difference in price of a car with and without a major is usually about 3000$. My car recieved 15,000$ worth of work in the 6 months or so prior to its sale...and I bought it in the low 50's (9000 miles, immaculate). Do you really think the owner would have sold it for 35,000$ without the major? Uh...No.

 

I've seen some sold for as much as 79k. That is sold price not listing price.
Is yours pre 88.5 or post? That makes little difference too in my opinion.
Lot of ferrari mechanics who knows TR will tell you to purchase 88.5 or newer.
Lowest I've seen in great shape was 47k. It was built in 90 with 50k miles, Red/Tan with major done. I almost bought it.

 

For an '85 to '88? Yeah right. That is crack money. A good pre-88'5 Testa should be in the mid '50's or lower. An '88.5 to '91 can be as high as low 70's for one with few miles (but not collection-esque miles).

 

I am assuming the 79$ was for an exceptional car. Now don't get me wrong - I WANT these cars to be worth a lot...

Here are recent sales in the midwest:

1) My 87, white/red (yes, off color), 9000 miles, recent major, looks pristine. Paint immaculate, some light fade to leather but almost zero wear, some dash shrinkage...SOLD low 50's. Asking price in the high 60's to 70's when first listed. (LFSC)

2) 88.5+ red tan/ advertised as 15,000 miles, looked like 40,000 to me. Recent major, sold for high 50's. (LFSC)

3) 89/90 or so, red/tan, immaculate, original owner, looked concours...bought from continental by a member here. Paid high 60's (ask was low 70's). This car was perfect.

4) 88.5 red/tan...concours winner in florida, offered to me for low sixties when I was looking. I didn't want to drive to florida...

These cars are NOT selling in the 70's. You can but nice testarossa's in the 50's without too much work...

And if anyone wants to pay in the 70's, you can have mine today... .

I have seen high mileage testarossa's listed for high forties by dealers...I suspect they sell for 10,000$ less...

 

Say you take 80,000....put it in a mutual or tax free and get 5% interest.
After one year you have 84,000. after two years you have 88,200 and after 3 you have $93,000.00...And so on.....Is there going to be a boom in Ferrari vintage, Probably not for another 20 years.....Enjoy your Money or Enjoy your Car!

 

www.ferrarichat.com/ferrariads/showproduct.php?product=367&sort=1&cat=12&page=1

 

JIM...thats an asking price...and its in CANADA...

A 1986 is worth something in the high forties very low fifties...tops...

 

First off, the discussion was about a 1988, not a 1986. If you subract out the 13% for currency the asking price is $69,000 USD. Who would take $20,000 less than asking price?

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&searchType=21&paId=132510979&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&recnum=8&leadExists=true&criteria=K-%7CE-%7CM-_51_%7CD-_1416_%7CN-N%7CR-10000%7CI-1%7CP-PRICE+descending%7CQ-descending%7CZ-07866&aff=national

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&searchType=21&paId=181392102&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&recnum=6&leadExists=true&criteria=K-%7CE-%7CM-_51_%7CD-_1416_%7CN-N%7CR-10000%7CI-1%7CP-PRICE+descending%7CQ-descending%7CZ-07866&aff=national

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&searchType=21&paId=190413632&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&recnum=2&leadExists=true&criteria=K-%7CE-%7CM-_51_%7CD-_1416_%7CN-N%7CR-10000%7CI-1%7CP-PRICE+descending%7CQ-descending%7CZ-07866&aff=national

 

Jim, the reason I mentioned an 86 is because THAT is what your link showed. So, you mentioned it first, buddy. Look at your own link...

Second, the examples you show prove MY point. Two of them are for cars with 4000 miles or so. Otherwise known as museum pieces. The posters car doesn't fall into this category...

And if you don't think people will discount their asking price 20% or more - well, you are wrong there also. Asking prices on ferraris are VERY optimistic. When I was looking, my car was originally listed for 20,000$ over what I paid...at a dealer...with a full service...

Most folks I called who had cars listed for 69,000$ or so, ended up selling for an easy 10,000$ LESS THAN ASK. I didn't even bother calling on these cars as they were overpriced. If I knew the sellers would drop 10,000$, I would have broadend my scope dramatically...

 

I am glad to see this thread. I just literally came from a test drive of an 85 one. I was expecting a heavy and un-wieldy (compare to a 328) car due to its weight and size. I was pleasantly surprise to its nimble and quickness, although since it's not my car I babied it. The dealer asking price is $70K. This is too much of course, particularly it needs belt, and still has the center hub wheels and metric tires. From the test drive I am even more smitten, although it'd probably take quite a while to find a convertible one.

- Nguyen

 

Jim,
don't get discouraged by the talk on this board. Your point of view is a nice counterpart to the 'This board is devaluing Ferraris' thread. Based on your advice, I looked up the 348 on cars.com and guess what? You were right on the money for the 348 pricing. All the sub $50k cars were generally high mileage or questionable. The lowest priced decent car seemed to be priced around $52k.
Thanks. I was thinking of selling my 348 in the spring, and I probably would have listed it too cheap.
BT

 

If you bought the car because you wanted it ( I bought a TR for the same reason) and you dont intend to sell what does it matter what some mythical prediction in Feb 2006 says?

 

THE VALUE ON A TESTAROSSA HAS TO DO WITH THE YEAR MILES AND COLOR... IN TODAYS MARKET THE EARLIR TESTAROSSA ARE BRINGING FROM 55,000-80,000 THE 512TR ARE BRINGING FROM 89,000-120,OOO THE F512M ARE HOLDING STAEDY FROM 150,000 -180,000. I WAS OFFERED 185,000 FOR MY 1995 F512M... I TURNED IT DOWN SINCE I OWED 95,OOO ON IT STILL.. DID NOT MAKE SENSE FROM AND ECONOMICAL STANDPOINT...
IF YOUR NOT SELLING THE CAR DOES IT REALLY MATTER WHATS IT'S WORTH?
JOHN

 

I have the same love hate relationship and am fortunate to have a 355 Spider to satisfy the convertible urge. I still would not part with the TR its a classic if I were forced to have one the TR would stay it would be a hard decision but in the end the design is timeless.

 

As a pretty classic model, I think prices can only go up....maybe $200,000-$250,000 in 5 years....

 

Please pass the crack pipe!!!

Testarossas will never see $200k + . 512TRs are holding in the $90k - $120k range and have been for a long time now. 512Ms are rare finds and command $150k - $180k and will do so for a long while to come. 512Ms will see higher prices in the coming years simply because of the rarity (Only 75 US 512Ms).

I parted ways with my '91 back in October. '91 TR RED/TAN 31,500 miles , Major service done January '04 at 16,500 miles, new clutch + slave cylinder, new tires, TUBI, K&N, HID headlight upgrade, V1 radar in rearview mirror, front spoiler just redone. Thoroughly sorted and driven regularly. I sold it to Tom Papadopoulos of Autosport Designs for $53k. He then sold it to Olivier (GRANDSPORTC3 here on F-Chat) for ???? (Olivier - chime in here buddy !! ). The Testarossa is truly a great car, and I loved mine for the 2 1/2 years and 20k miles I had with it. I will get another someday!

 

I let it go because I had other things going on in life (Moving from CT to North Carolina), and didn't have the time to sell it privatley for a few $$k more. I'm quite happy to see that my TR is now with another great owner and F-Chatter!!

I think I got that shirt from WWW.SPEEDGEAR.COM Thanks for the compliment !!

 

Whats this worth any idea now, 5 ,10 years from now? its going to take a long toime to get to purchas price unless something changes? Deffinetly not a good investment so far !
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now, 18 years later, one has been sold at BAT for 97k US $ yesterday
https://bringatrailer.com/listing/1985-ferrari-testarossa-17/?utm_source=dm&utm_medium=email&utm_campaign=2024-04-29

 

65,000 miles.

That’s like a Toyota with 800,000 miles…