Thinking of selling TR....need help with price!

I didn't install them yet, I sent them off to be "Jet-Hot" coated. As nice as they looked when I got them back from you, Jet-Hot said only $35.00 to coat both in bright silver (ceramic/aluminum), so I did it. I'll post pics when I get them back.
Trust me on selling the TR and don't listen to the nay sayers. After all, 64,000 miles is only 4000/year. Just explain to the potential buyer that Ferrari's are meant to be driven and it is actually worse for them to be garage queens. Then turn the potential negative of you doing your own work, into a positive. Tell them that no repair shop would have been as meticulous as you were with your own car (if you have photos of the work in progress as it was being done, this will be a great help). Add that this is your 6th Ferrari so you know them inside and out. You are not lying to anyone, simply finding and accentuating the positive. Good luck!

 

>Owner service, to me, means more pride and care in the car. I have read many posts where the dealer performed unsatisfactory work.........or even charged for work NOT done. The PO of my car had the F dealer do EVERYTHING!!!!!!!!!!! When I got the car, and later changed the oil, I found the drain plug threads on the oil tank where almost stripped.......I fixed that. Several sheet metal screws where missing in several places. The little brackets, facing the engine, holding the lower panels beneath the fuel pumps where broke off (all 3).........from the previous majors done......by the dealer.


Wow! Henery, that is *exactly* one of the things that I discovered when I worked on my TR. Those little brackets were broken and I had to get out my Lincoln TIG to repair them. No one else would have known.

>I have not decided what I am going to do. I know that I will NOT sell the car for $40K, or anywhere near it. It is just worth more to me than that.

Good for you.

> I feel something is wrong. Didn't many of us agree, in other threads, that these engines are "bullet-proof"? Apparently some of us really don't believe this.

I talked to Nick over at Forza at length - great guy! - about the longevity of the TR engine and he was talking well into the 100 to 200k range. These do have a removable liner that isn't all that difficult to replace.

We were discussing the feasibility of my fabricating up an exhaust for a twin IHI turbo setup, (not 2 hard) and his possible direct coil pack setup for a 12.

The idea still interests me, but there seems to be too little interest from enough 12 cylinder owers for him to do the same direct fire idea for the 12s that he sells for the 8 cylinder.

And why would this be hard to understand? My oldest son's 94 Mustang, despite my not doing anything to it, except for changing a balancer/pulley assembly, has over 150k, and is going strong.

What, Ferrari engine not the equal of Ford? I think not.

Expensive to maintain? Hey, as no one here has ever hesitated to remind me when I *****ed, it's a Ferrari..

Well, again, best of luck - Hey, don't forget, if you ever do have another set of test pipes left over - give me a PM!

 

I must say I totally agree with Jerry (tork1966). Any TR in the forties is a good deal. Maybe their are TRs bought for around 40k, did anyone here get a deal like that? If so....please elaborate on the condition, completeness, and how current the services are. I do remember a decent TR actually selling for something like 46k with something like 50k miles on it....but I believe that is a RARE thing and not as common as people are saying. My TR has many stories and issues, which I'm correcting slowly, and I wouldn't let it go for $49k. They'll have to bury me in it first. It only takes one or two people to cave-in and sell cheap, word gets around and tall tales get told, and then values keep going down. The market just has to start going up some day. But if it doesn't and keeps dropping, then I will get another TR because the value in these cars is incredible. Well....I'm sorry about ranting and raving about these cars, I get emotional sometimes.....even starting to foam at the mouth....so I'll go. Good Luck Hank whatever you decide. If I had the funds I'd take her off your hands.

 

Henryk
Clearly you are a knowledgeable enthusiast. I think the issues you are facing are two fold. First, the mileage of the car is "high" in comparison with "typical" comparables; Second, you've done the work yourself and a buyer doesn't know you.

First factor will impact price at some level (as it should, after all, it wears [out]). How much will be determined by the market.

To help deal with the 2nd issue, why not have it inspected by a well regarded dealer (LFSC, AutoSprint or CFM) when you are next in Chicago region? Ask them to give you the equivalent of a PPI. Yes, it'll cost you $500 or so, but you can use this to support your contention that the car has been well cared for and remove some of the concerns around owner maintenance.

Also, remember for most owners, the cost of a major on a TR is what $10 - 12k at an authorized dealer? (20 - 25% of the value of the car). Knowing this has been done recently removes an additional "wild card" and will clearly help price. I've got to believe the "bargain basement" priced TRs out there will have to have an expensive service within a short period of ownership.

HTH & good luck.
Philip

 

henryk, unless you absolutely need the money, or have to sell this in order to get the next ferrari, then my advice would be not to sell it. $40k is really very little vs the enjoyment that you will get out of it over the next many years. obviously everybody has their own financial restrictions but i am firmly of the opinion that you only go round this life once, and if an object of $40-50k value gives you a lot of pleasure then you should keep it and enjoy it.

 

I don't know HenryK personally, but he posts in the tech Q&A all the time and from his posts I would not hesitate to buy a car from him. He knows his stuff for sure. And since when is 65K miles a high mileage car? PLEASE people! They tell you not to buy a low mileage "garage queen" then in the same breath, you are told not to buy a high mileage car either. Someone please define high mileage. A car made in 1988 that has 65K miles has been driven 4,000 miles a year for crying out loud. 65,000 miles sounds very "middle of the road" to me. 100,000+ is a high mileage car. TR engines are bulletproof, especially when properly maintained by an enthusiastic and knowledgable owner. Henry, if I had the $49K I would happily buy your car for $49K and tell all my friends how I talked you down from $60k. Don't you dare lower your price! That is more than fair. Look around and find me a halfway decent TR for $40K even with more miles than you have. No way.

Birdman

 

Birdman,

Well said, and if i had $50k i'd beat out your $49k offer Have always wanted a 308 AND a Testaroosa in my stable.

 

You know something Henry? I think you need something to brighten up your garage a little........................like a nice YELLOW 308 and some cash on the drivers seat!...........mileage is half way between low and high. PERFECT!
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A few months ago when I mentioned to the owner of FOA that I read about a TR selling for $35k at an auction, his response was"...how many do you want for that price...?

 

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Oh well, I had to try................................