Thoughts on this 328 (for purchase)? Premier Sports Cars Co. in Missouri

Fellow F-chatters,

I'm a current 308 owner looking to move on to a 328. I've been investigating them for a while, and like with 308s, many of them have issues, some are misrepresented, etc.

I'm looking for a fair price on a strong 328, and wanted to see if anyone had any information on this one.

It's being sold through Premier Sports Cars Co. in Missouri (website: http://www.premiercars.com/).

Here's the car:
http://www.premiercars.com/details.php?Stock_Number=2569

VIN: ZFFXA20A4H0067021

Cosmetically, it looks inline with a pretty good 328. I don't have any pictures of the engine bay, though. Carfax reports three owners.

The car spend some 10k miles and 5 years in New York before going to Illinois--is the Northeast location a big concern (rust, wear and tear)?

Anyone in Springfield care to have a look for me?


--Mike

 

Premier provides a carfax on the car on their website (see above link). Here's the text from the carfax... No issues, looks like three owners, and the mileage history doesn't raise any suspiscions.


CARFAX:


GOOD NEWS - CARFAX Certified History - Guaranteed!
This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) qualifies for the CARFAX Certified History, a guarantee worth up to $5,000 that protects you from buying a vehicle that has had any of the following problems reported to a Department of Motor Vehicles (DMV): severe damage, major odometer problems, or Lemon history.


CARFAX Talking CarTM
The story of this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) according to our interpretation of the information reported to CARFAX:
This convertible has had at least 3 owners. The first title for this convertible was reported to CARFAX by a New York DMV in 1990.
It has had no minor or moderate accidents reported to CARFAX.
It has had no DMV-reported total loss events, like a major accident, fire or flood.
It has a consistent mileage history with no indication of an odometer rollback. The last odometer reading, reported on 02/15/1996, was 20,924 miles.
It was not reported to a DMV as a Manufacturer Buyback (LEMON).
Go to the Detailed Vehicle History for the complete history and a glossary of terms.


Report Summary
1. ACCIDENT CHECK

Total Loss Check No Severe Accidents Reported to DMV - GUARANTEED!
Other Accident Indicators No Accident Indicators Reported
2. MILEAGE ACCURACY CHECK

Truth-In-Mileage Check No Odometer Problems Reported to DMV - GUARANTEED!
Odometer Rollback Check No Potential Odometer Rollback Found
Mileage Consistency Check No Inconsistent Odometer Reading Found
3. LEMON CHECK®
No Manufacturer Buyback Reported to DMV - GUARANTEED!
4. OWNERSHIP CHECK

Number of Owners 3 Estimated Owner(s)
Type of Owners Checked 9 Types of Vehicle Registrations
5. RECALL CHECK
FERRARI does not report recalls to CARFAX
6. WARRANTY CHECK
No data reported to CARFAX
DETAILED VEHICLE HISTORY 7 HISTORY RECORDS REPORTED
Tell us what you know about this vehicle







Year/Make/Model: 1987 FERRARI 328 GTS

Body Style: CONVERTIBLE
Fuel: GASOLINE
Driveline: REAR WHEEL DRIVE
Manufactured in: ITALY
Safety Equipment: Active (manual) belts


--------------------------------------------------------------------------------

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Total Loss Check:


GOOD NEWS! This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) has had no severe accidents or other total loss events reported to CARFAX from a Department of Motor Vehicles (DMV). This vehicle qualifies for the CARFAX Certified History, a guarantee worth up to $5,000.

No Salvage Title Reported No Loss Due To Fire Title Reported
No Junk Title Reported No Flood Damage Title Reported
No Rebuilt/Reconstructed Title Reported No Hail Damage Title Reported
No Dismantled Title Reported No Canadian Total Loss Record Reported

Other Accident Indicators:


This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) has had no accident indicators reported to CARFAX from its sources. This section checks for accidents and/or related damage reported from many public and private sources. Not all accidents are reported to CARFAX. A vehicle inspection completed by your dealer or professional mechanic is recommended.

No Salvage Auction Record Reported No Crash Test Vehicle Record Reported
No Fire Damage Record Reported No Airbag Deployment Record Reported
No Police Accident Record Reported No Damage Disclosure Record Reported


CARFAX depends on public and private sources for its accident data. Each one of these sources has different processing times. CARFAX can only report what is in our database on 23.Feb.2004 10:41:34. New data will result in a change to this report.
Not all accidents are reported to the Police. Tell us if you know of other fender benders, accidents or damage.

Accident Check FAQs:
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Truth-In-Mileage Check:


This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) had no odometer problems reported to a DMV under the Federal Truth-In-Mileage Act. This Act requires owners to disclose odometer problems and an accurate reading when a vehicle is sold. This vehicle qualifies for the CARFAX Certified History, a guarantee worth up to $5,000.

No Not Actual Mileage Title Reported:
Title issued by DMV when the owner discloses mileage fraud or a broken odometer.
No Exceeds Mechanical Limits Title Reported:
Title issued by DMV when the owner discloses an odometer rollover.


Odometer Rollback Check:


CARFAX found no odometer rollbacks for this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021). Rollbacks reported in this section originate from readings collected by a DMV or other verifiable source.

Mileage Consistency Check:


CARFAX found no inconsistent odometer readings in the mileage history of this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021).

Date: Mileage:
01/02/1990 12,874
04/06/1995 20,886
02/15/1996 20,924



Do you know this vehicle's current mileage? Tell us and help protect others from mileage fraud.

Mileage Accuracy Check FAQs:
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GOOD NEWS! This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) has had no Manufacturer Buyback (LEMON) reported to CARFAX from a Department of Motor Vehicles (DMV). This vehicle qualifies for the CARFAX Certified History, a guarantee worth up to $5,000.

Lemon Check FAQs:
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Ownership History:


CARFAX estimates that this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) has had 3 owner(s). CARFAX analyzed this vehicle's title history and other supporting events to identify potential ownership transfers. In compliance with the U.S. privacy laws, CARFAX does not collect or report owner names or addresses.

Estimated Owners: Date: Location:
1st owner No data No data
2nd owner 04/18/1995 Illinois
3rd owner 08/24/1998 Missouri

Types of Owners:


This 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) was checked for 9 types of registrations.

No Personal Use Registration Reported No Fleet Registration Reported
No Lease Registration Reported No Commercial Registration Reported
No Rental Registration Reported No Non-Profit Registration Reported
No Government Registration Reported No Built to Non U.S. Standards Record Reported
No Taxi Registration Reported

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FERRARI does not report recall information for specific vehicles to CARFAX.
Go to the CARFAX SAFETY & RELIABILITY REPORT for recalls issued by the National Highway Traffic Safety Administration for the 1987 FERRARI 328 GTS. You can also contact an authorized dealership or FERRARI at 201-816-2600 to find out if this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) still has recalls that require repair.

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CARFAX cannot calculate the remaining coverage for this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021) because no original manufacturer warranty information was reported to CARFAX by its source.

Estimated start date of warranty: 01/02/1990
Last reading reported on 02/15/1996: 20,924 miles
Today's Date: February 23, 2004

Type of Coverage: Original Warranty:
Basic No data reported to CARFAX
Drivetrain No data reported to CARFAX
Emissions No data reported to CARFAX
Corrosion No data reported to CARFAX
Transferable No data reported to CARFAX
Roadside Assistance No data reported to CARFAX
Safety belt & inflatable restraint No data reported to CARFAX


CARFAX Warranty Check provides an estimate of this vehicle's remaining warranty coverage. It does not take into account some vehicle history events. For example, major accidents resulting in Salvage or Junk titles that may void the original manufacturer warranty or ownership transfers that may decrease warranty coverage. Complete warranty coverage information is available for this vehicle at the at the FERRARI web site.


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CARFAX searched more than 2.7 billion records from over 5,300 sources and found 7 record(s) for this 1987 FERRARI 328 GTS (ZFFXA20A4H0067021).

Date:
Mileage Reading:
Source:
General Comments:


01/02/1990 12,874 New York
Motor Vehicle Dept.
Title issued


04/06/1995 20,886 Auto Auction
Eastern Region
Vehicle sold


04/18/1995 Illinois
Motor Vehicle Dept.
Saint Charles, IL
Title #E9308894
Title issued
New owner reported


02/15/1996 20,924 Illinois
Motor Vehicle Dept.
Chicago, IL
Title #T6046822027
Title issued


11/08/1997 Illinois
Inspection Station
Chicago Heights, IL
Passed emissions inspection


08/24/1998 Missouri
Motor Vehicle Dept.
Kansas City, MO
Title #CA666689
Title issued
New owner reported
Exempt from odometer reporting


08/27/2003 Missouri
Motor Vehicle Dept.
Kansas City, MO
Title #CA666689
Title or registration issued
Exempt from odometer reporting


Tell us what you know about this vehicle
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CARFAX Certified History
is Guaranteed up to $5,000!
A CARFAX Certified History guarantees that this vehicle has none of the problem titles shown below. Should you discover any of these problems during the next three years, CARFAX will pay you 10% of the vehicle's wholesale value - up to $5,000!

This coverage is valid from 02/23/2004 through 02/23/2007 and is transferable to a new owner during this period.


1987 FERRARI 328 GTS
ZFFXA20A4H0067021
Protection From:
Salvage Title
Hail Damage Title

Junk Title
Total Loss (Canada)

Rebuilt/Reconstructed Title
Manufacturer Buyback (Lemon) Title

Dismantled Title
Exceeds Mechanical Limits Title

Loss Due to Fire Title
Not Actual Mileage Title

Flood Damage Title






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*CARFAX agrees to pay to the holder of this report 10% of the wholesale value of the vehicle, up to $5,000 if this report indicates it qualifies as a CARFAX Certified History and a Branded Title actually exists for this vehicle. A Branded Title is defined as a passenger motor vehicle ownership document issued by any of the 50 states of the U.S. (or the District of Columbia) or any province of Canada that bears words or symbols signifying that the vehicle was salvaged or junked; dismantled; rebuilt or reconstructed; flood damaged; fire damaged; hail damaged; bought back by the manufacturer; odometer exceeds mechanical limits; odometer was not the actual mileage; declared a total loss (Canada only), or bears any other symbol or word of like kind. This Certificate along with corresponding full report must be presented in order to be eligible for payment. Terms and Conditions.

 

Thanks for the information, Jamie! I agree 50k is high for this car, and would expect them to move a bit on that price for a serious buyer. What do they need to make to make it worth their while anyway, $5,000?


--Mike

 

Just got off the phone with them. Dick Courtney, nice guy, is calling me back about documentation on the car.

They had the 30k service done before they put the car up for sale... The question is WHERE they had it done, and WHAT did they do... (And... DID they adjust the valves!).

Also, they bought the car from a guy in Kansas City, Missouri... The car doesn't seem to have any history in Massachusetts...

--Mike