There are "cheap" F-cars -- the key is to look at cars advertised around market value, then negotiate down. You're not going to find one at a dealer...certainly not one like Gullwing. Low-priced cars at dealers mean it's a disaster under all the wax and Armor-All.
Undermarket ($) Ferraris can be either a long term $ drain/nightmare or a fun project. If you can do things, are willing to get your hands dirty, patient and aren't affraid of a challenge, then dive right in. If your skills are limited to writing checks, then simply write "one" for a good car. I bought my car for under $20K 6 years ago and with a lot of help from F-chat, some experience, etc I've put together a car I can be proud of and wont ever lose $ on. I couldn't have the car I do today if all I could do is bring it to the shop. Cheap doesn't always = bad just a possible black hole if you don't know what you are getting...kind of like anything in life.
EBAY item# 220070827506 $13,300 USA, reserve not met.....? two days to go.. Image Unavailable, Please Login
UnFREAKINbelievable. I swear, you put a good car on eBay and it struggles to make $25K. You put a POS parts car on there and it takes $17K. There is something magic about a Ferrari under $20K, no matter what condition! If I ever sell my 308 (OK, not gonna happen), I'm going to say it's a complete beater, fixer-upper, needs tons of work, excellent opportunity for someone to get one cheap, and it will sell for more than if I was honest and said it was a good car that was well maintained! Birdman
Looks like it probably needs a service and some TLC, but looks like a good buy. If I hadn't spend my dough on that 400i project, I'd be on this like white on rice. http://cgi.ebay.com/ebaymotors/1981-FERRARI-MONDIAL-RED-NO-RESERVE-RUNS-GREAT_W0QQitemZ230081809913QQihZ013QQcategoryZ6212QQrdZ1QQcmdZViewItem
There was an 83 Wht/blk Mondi that went for $10500-$11000 (less commission) at the rescent Russo & Steele Auction in Scottsdale.... this past weekend. I looked at the car and it was maybe a 7/10 car... had no real idea about the service history, but it's hard to go wrong at the $ for something that runs/drives and needs some TLC. I've got to finish my own projects and I'd like to find a blk one if I could, other wise I'd still be one the road driving it home.
Cheap '81 Mondial Euro: http://cgi.ebay.com/ebaymotors/Ferrari-8-1981-FERRARI-MONDIAL-RED-NO-RESERVE-RUNS-GREAT_W0QQcmdZViewItemQQcategoryZ6212QQihZ013QQitemZ230081809913QQrdZ1
Probably delamination of the safety glass. Not repairable if this is the case, you're looking at living with it or buying a new windshield (if they're even available). It also needs a belt/tensioner change right now!
For $13K it would be a fun car to have; of course I'd drop $6K in it and do the belts and retrofit the engine to 1976 spec with 250 hp....
The hits keep coming. http://www.autotrader.com/fyc/vdp.jsp?car_id=215303144&dealer_id=1388266&car_year=1981&search_type=both&num_records=100&keywordsfyc=&make=FER&transmission=&model=&distance=0&make2=&address=91776&default_sort=priceDESC&advanced=&certified=&max_mileage=&max_price=25000&sort_type=priceDESC&min_price=10&body_code=0&end_year=2007&keywordsrep=&color=&start_year=1981&drive=&engine=&fuel=&doors=&style_flag=1&cardist=2193
Here's the car I refered to a couple of posts ago http://www.russoandsteele.com/collector_car/1983_ferrari_mondial/6969.html
http://sfbay.craigslist.org/nby/car/274463518.html I haven't seen this car, but I've seen the ad before. I know it was for sale when I bought my car in October, but I don't remember why I didn't go and look at it. It was over $20k back then, I believe. At $16k it is approaching a good deal even if it needs some $TLC$.
I called the guy a while back. He does not have a computer or the ability to send any electronic pictures....
Tell him to find a High School kid and rent some terminal time... Sometimes those are signs of a good sleeper.....
