TR's increasing in value?

Everybody buys TR's in the winter because the heater is so good?

 

Don't know about elsewhere, but with the recent weather we are having up here in the PNW, many are using the Testarossa to power their houses.

 

I thought that everybody bought TR's in the summer because the a/c is so good.

 

The thrasher 50K cars are either parted out, or used as race cars, or junked. I think they bottomed out, i know of a few good 86trs asking strong 90grand CDN.

 

I believe the poster is talking about 512TR's not the earlier version. And yes, they are becoming expensive again, not that they ever got inexpensive. There are not taht many made compared to TR's and if you want the best, have the money and want a Testa Rosa, that's the model to have.

 

don't all price increase arrive "suddenly?" daytonas went from 115K to 150K to 200K fairly quickly. it's as if people who are interested wake up and take notice at nearly the same time, and they all want one right then and there, so prices jump up. but who knows, really. i'm still looking for a plain jane testarossa. the market on those hasn't jumped...yet.

john

 

Ya that and the defroster kicks ass(at least mine does) but more because with so much weight on the rear end you get great grip in tricky conditions. Unlike RWD pickups.

 

Don't mistake "asking prices" for selling prices. It is very, very common for asking prices to suddenly spike. The 20-year mark is extremely common for this to happen.

What generally happens is that a few owners put their well-kept original or totally restored "classic" on the market for well above market value. When others go to place their car for sale, they reference other advertisments for data points for value. Soon you have a gaggle of cars asking way over what the market will accept.

It is very uncommon for any car to surge in value between 20 and 25 years. Generally speaking, the 20-year mark is considered the low point of value. The value between 20 and 25 years tends to creep as enthusiasts (like us) restore cars (and restore interest.) At 30 years from the near end of completion of the model is when the sales prices tend to take large jumps.

There are some caveats, of course. An external force, like a very popular movie or television show can cause a car to spike in value at 20-25 years... (By the same token, a car that has already spiked and cooled can see similar gains, such as the Hudson Hornet Club Coupe, which had been seeing general market inflation gains since the early 80s got hot again with the release of "Cars.")

So given the age of the TR, and the lack of outside forces right now, I'd guess we're still on par to see these things rocket up in price in about 7-10 years. Prices might creep up between now and then, so it's a great time to buy one. (Is there ever a bad time to own a TR, other when it's time to pay for a major!?!?)

Sam

 

I've seen prices going up slighty. I think they will continue in that direction until the sudden surge.

 

I've been eyeing the pre '88.5 market and prices over the last 6 months seem to be basically flat. $55k-~$70k

-F

 

Only people that live in Oregon because they don't know what a hot day is.

Hows the A/C in Sparky? Or do you just slide the canopy back?

 

The 512 tr may be climbing but is it really? if you consider the cost when new in 1992-1994 say mid $180,000 plus. In todays market $110,000-140,000. I think what happend or what pushed the prices high was the used car market. The 512 tr was a low production car to began with. Its all demand and supply. fewer cars and more demand for them pushed the prices up. I think since there is fewer quality cars; maybe those owners are asking more for them. After they sell maybe the prices may adjust accordingly.
Also buyers for this type of cars worries them because of parts service cost etc. especially for first time ferrari buyers. will have to wait and see what the market does in the next few months. It may be a bubble like the housing market in the end it burst.

 

The standard Testarossa as well as the 512 are iconic Ferraris. People who saw their first Testarossa as a kid in the 80's grew up lusting after them and collecting such fantasies of ownership in form of posters and matchbox cars are beginning to be in a financial position to afford one. This drives up demand, and in extension, prices. I have seen a solid hike in prices over the past year in nice TRs, this is in the selling price, not just what people are asking. Clean, serviced, no stories cars are at the top of the price list as always, but prices across the board are on the rise because of simple supply/demand laws.
I am also seeing a rise in the Countach and 930 Porsche cars... all were on the "Reasons for Higher Education" posters and all will become collectable by people what were car loving kids in the 80s. These are the future collectable cars, the ones that will do crazy money at Barrett Jackson like auctions in 20 years when people in my age bracket are trying to regain some youth by purchasing a car they lusted after as a kid.

 

Hi Chris
I have a 93 TR red on tan, 23k ,2nd owner
looking to sell it soon

 

When I was building the mustang, I actually considered an a/c unit. Your buds the Whitts had their P-51H rigged up with the a/c unit out of a King Air. Bill said it worked very well....that is if you believe Bill. Rule of thumb that its 20-30 degres hotter inside that it is outside. Hell of a cold weather cruiser, but brutal in the Vacaville summer. Open the canopy at 260 mph and it gets a little sooty inside and sometimes actually gets hotter with the stacks only a few feet away. And the noise becomes muchos bados. Coolant and oil lines run under the floorboards and the losefitting canopy causes a venturi effect that sucks the under floorboard air right up and out and around your scalding body. Flying is fun. Stay cool by flathatting up the beach.
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According to the pricing guide in Forza magazine a month or so ago, the prices seemed to be climbing.

 

(It is due for a major, so deduct $7,500 from FMV for that) What kind of documentation does it have? Is it in perfect condition? Those are the major considerations, everything else being equal. Model Year doesn't matter as much as documented mileage. Can you get a better one for the same price? If not, buy it.

 

A 512TR is a sweet car, but its crazy to me that a first gen Testarossa goes for less than half that of a 512TR ($50-$60k for a Testarossa). Is it that much of a better car, because I know its not much more reliable?

IMO: $135 for a car that needs a major is crazy unless the car has 1000 miles on it.

 

seems high to me too. let it sit in their showroom for a while. price will become more flexible.

john

 

I agree. Elsewhere in this subforum there was a recent mention of an excellent metallic black 512M which sold for $129K.

Here it is:


1995 Ferrari F512M
Item number: 110075098034
Winning bid: US $129,970.00
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Ended: Jan-09-07 18:45:00 PST
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Sells to: United States
Item location: Newport Beach, CA, United States
History: 29 bids
Winning bidder: ferrarispy( 18)
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Seller: newport_european( 1 )
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The 512M sale through e-bay never happened. I'm happy to report that I'm the new owner as of last Friday. Listed price was 159,900 ended up being 145, which I think is a really good deal. I'll post some pics once I get her to sunny Arizona

 

As a data point, SportAuto has a 92 512TR, with 27K for $99K.
Granted, it's not a 94, low mileage, but 30K difference is a lot. And SportAuto has a great reputation on the cars they sell & service.

http://www.sportauto.cc/inventory_ferrari/1992_512TR/index.htm