What's a good, actually sorted Mondial REALLY worth?

As they say, it's worth what someone will pay. And most of those people go by a source, (eBay) to determine value. These cars are very under appreciated. Many people I see at gatherings have no idea what my car is. A well maintained Mondial is something people will be looking for. It has so much going for it, I don't know why it is, or has been, so unloved for so long.

 

US and EU Market are different. I'm only in the EU Market:
8 , cond 2- , NOT red ... 38k €
QV , cond 2- , NOT red ... 40k €
3.2 , cond 2- , NOT red ... 48k €
t , cond 2 , NOT red, NOT yellow, NOT black ... 50k €

3.2 and t in similar condition meet similar price range.
8 and QV in similar condition meet similar price range.


Best wishes
Markus

 

Thing here in Belgium is that dealers are asking the same €€€ for crappy cars as for cond 2 cars. And for the moment, 95% of Mondials here are trying to get sold by dealers.

Like some weeks ago when I confronted a dealer with a grey Mondial 3.2 that was resprayed over the rust. He said "yeah, that's what it is, but it will get sold". He was right, it sold for the same as a condition 2 car. Now I'm convinced that a lot of buyers are as blind as a mole !

 

I agree for sure, in fact I believe Rpalyea's car is worth far more.
A closed car, well maintained 3.2, and a rare and awesome color.

I believe tides are turning on our cars, but I don't want to change the intent on this thread and they will soon be sought after more than they are today. It's already starting.

Well sorted and documented is the key here. If you can find one that has been owned by the same guy for a while and he can show that he maintained his car properly and the car shows as it has, then the cost of that car should be far more than on that has questionable history.

Getting one of these things sorted is where the money really starts to add up.
A proper major, and I mean a proper major will cost you the better part of $7000.00 or more. Nowadays, we also need to be sure that all fuel hoses are replaced which is another grand or so. B Pillars and Roof Toggles another $1800.00, fues box's $800.00, window motors, switches, ....... And the list goes on an on.......

You could be spending $15K getting a car sorted where the purchase price for some of these cars is close to double that. Ultimately a good sorted 3.2 Cab should be in the area of $50k in my opinion if it has been properly maintained and is in good shape.

 

I think one of the things that is happening is some people in the market for 3x8's are becoming priced out. Another thing that is happening is people are catching on to what a great car the Mondial is. I bought my Mondial coupe just before the 3x8 market exploded but in looking for a 3x8 I wasn't finding anything I was happy with i.e. a car with a full history and basically no stories and while I did find my dream car a 84 gtb and would of bought it except for one thing I couldn't fit in it. I had looked at a few 308's at a dealer and he tossed me the keys to a Mondial coupe and once I drove it I didn't want to get out of it I loved it but it was priced pretty high so I looked at a few more 308's and my thoughts kept going back to the Mondial which was a no stories car with history back to day one. So over time I was able to work out a deal for the Mondial (rap's current car) which was a lot less than any 308 would of been and was very happy with the car. I'm noticing more and more people are looking for 3.2 coupes and seeing less being offered for sale so I would say the days of a good sub 30k Mondial qv and up are over.

 

And for those who think the Mondial is a great car wait until you own one. They are not great, they are fantastic. Very seriously I should have kept mine.

Buy one soon and keep it! You won't regret.

 

I agree it is or was one of the best kept secrets in the sports car world.

 

Some great advice, After driving a rather rusted Mondial 8 in 1999 which was up for £13k but only being offered £3k for my 944 Turbo from a dealer I became hooked. The Internet and eBay were still quite fresh to most then leaving only classified adverts. I ended up owning my first euro spec Mondial QV in 2003 buying on eBay for £8k which was a good car but had been neglected due to the low market value. I spent loads getting the car up to a decent driving standard and plenty more sorting panel corrosion. I sold it to buy a V8 Esprit followed by a JPS Esprit S2, the Ferrari left an impression so in 2008 I bought the QV cabriolet for £15k which was lovely with FSH and clearly looked after, if it had not been for the fire I have no doubt it would still be my pride and joy.
I ended up buying another Lotus Esprit S1 followed by an Aston DB7 but nothing compared to the Mondial so last year I started my search....
There are as stated so many bad cars still around be dragged out of garages, given a quick going over and being advertised for top money. I really wanted an 8 this time as believe in the first of the marque eventually being the most desirable to collectors of the future and it was the one which got away in 1999. Unfortunately 8's in the UK are very rare as most have rusted away or been messed about with so after looking at my seventh car driving 230miles which was another patched up wreck for £23k decided on importing one.
Prices in the US seemed better but again I contacted many and after asking the awkward questions decided I would have to fly out for viewings. I ended up buying a California Mondial 8 with 26k on the clock for $21k by word of mouth and could not be happier, apart from a couple tiny rust spots which will be getting done soon she is in great shape, like all Mondials it does need the odd job like a new seat belt as stiff, the fuse box needed a clean with new relays due to electrical gremlins, a cracked seat bracket which I obtained from a 365 seat and a couple bits of broken trim which are still available.
I was offered £5k more from the handlers at the port who passed my details to a specialist which I naturally declined after such a long search.
My advice to anyone looking is to inspect any car very closely for replaced or poorly repaired panels, weld repairs, chassis/frame corrosion along with suspension, worn interiors being repainted, incorrect wheels, electrical problems etc etc.
Buy a good one you will be hooked for life, buy a bad one and you will no doubt never own another unless looking to save a car as a project.
Good luck with the hunt as this can be rewarding especially when the right car turns up after looking at the many poor examples.

Dave

 

I got a very well sorted, great looking Mondial last summer. Tools, books, keys, recent major done by Tim Stanford. The entire enchilada!

I felt, at the time, that I should go ahead and buy one before the prices went above my means. I was right.

Does it need anything done now, of course. If there is not something to be sorted on your older Ferrari you either don't know the car very well or don't drive it often enough!

But the things I am doing to the car now (fancy pedals, lock actuators, new steering wheel, getting Ron's B pillars installed, a trim piece or two) will not keep the car on the lift and off the road. That is the heartbreak of buying a less than road worthy "bargain." They do look and sound better from behind the wheel than sitting in the garage.

Biggest choice I make now is should I wash it or drive it today? Usually driving wins 'cause I keep the car exceptionally clean anyway.

Alden

 

Drive it then wash it Alden!

 

Hard to tell when prices will go up dramatically. They have been on a gentle rise for our Mondials.

The modern Ferrari V12's have skyrocketed in the last 2 years. $80k 550's now going for $200k (close to new car price at the time). $50k 456's going for $100k.

Certainly some bias here. But I find the Mondial every bit as good looking as the 328. Essentially the same drivetrain (t has the later 348 drivetrain) PLUS 2 more seats. Marginally slower acceleration based on numbers (can't tell by seat of the pants).

Why someone would spend up to 2x more on a 328 vs. a Mondial escapes me. But as they say, YMMV.

I bought not for fiscal appreciation, but for physical appreciation.

Regards,
Jerry

 

Hi all,
I've bought a Mondial 8 in need three years ago for 18K euro, prices were going up slowly by then. There were others, nicer ones, but out of my $$ range. I knew it was in need of ....well a bit of everything. It had no history, but I fell for it on the spot.
I drove it some time, but now the car has spend more of it's time with me in the workshop than on the road. I knew from the start I will have to put a lot of money in it, but I know it will all be worth it in the end, she my dreamcar after all.
When she will get on the road it will be a 40+K car, that doesn't worry me....in the end she's here to stay.
As Stefan stated before, most Mondials here are for sale with the dealers, asking silly prices for those in the know. But still, they stay the entry level Ferrari. Look at the 308s, 328s, Testarossas, even the GT4s went through the roof.
If we would only have know this a couple of years ago ... imagine telling someone back then what prices (decent) Mondials go for at this day and age, they wouldn't have believed us.
Best
Jurgen
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I bought my Mondial in 2014 when 3x8's were starting to rocket. The meterioc price rises spread across the range, up to and including 360's. Back then there were few cars available and when they came up (3x8's, 355's, 360's, Testarossa's etc) they sold, quick.

Now, there are dozens of 328's and 308's and they don't seem to be going anywhere fast (except perhaps for the ultra low mileage garage queens). I think the rises on other models have pushed interest into the "unloved" (to the unknowing) Mondial - a rising tide floats all boats. If demand is weak in that previously strong "modern classic" / Enzo era market, the tide may turn, and affect all those same boats. The coming summer season will be an interesting barometer on whether things have settled.

What one is worth today is one question, what it's worth tomorrow is another. I bought my car because I loved it and plan to keep it to pass down to my sons in 20-30 years. Prices are therefore somewhat irrelevant to me, although the price appreciation does help to convince my wife that I spend the money needed to maintain it.

 

What a great project Jurgen, I really like the Mondial 8 in grey as well and the colour I really wanted with black as a close second.
I will follow you on Tumblir as you are doing a great job and similar to an Esprit restoration I undertook.
Very jealous of the Mondial 8 key ring.....I want one now!

 

Thanks,
everybody's asking me when we start the Mondial talk what colour? When I explain them it has almost the same colour as my BMW they're a bit disappointed, a Ferrari should be red. But when they see the car in the flesh everybody's in awe .
Then add the blue interiour = 80's all over again.
The key ring, guess they're quite rare, found this one on Ebay, Canada.
Best
Jurgen

 

I wish I could respond to all the posts here as they all contain gems of wisdom, instead of spamming I'll just say excellent thread!

And to answer the original question. To hard to say prices are all over the map!!!

I will throw this out there though well sorted reasonable miles (less then 40k) - circa 2016 q2

8: 35
Qv: 40
3.2 45
T: 50

 

Well, you can get a 456GTA for reasonable money. And 456 GT's are getting up there. But the 456MGT 6 speed 3 pedal manuals are going for over $100k, with some crazy ASKING prices.....Two years ago a well sorted one would have been $60k-$70k ish.

Compared to the similar two seat two door 550's, the 456M is a "bargain".

Regards,
Jerry

 

I forgot to add that I went to a Ferrari dealer in 2001 with the money in my pocket to buy a 308/328, about 35K then, I did not fit, too small for my 6'4", 200 lb frame. No way I could drive the car.

Took me a long time to get over my disappointment and start looking at the Mondials.

Until you see one in person and drive it, it is hard to appreciate the beauty and grace of the car.

Now, even with my seats raised 1" I have plenty of headroom and fit quite nicely in my Moni. I even took a couple of teenage male relatives for a ride on Easter Sunday, they loved it! (Three is the limit, no one can fit to sit behind me when I am driving!)

Great Ferrari, my Wife can sell it for big bucks when I am dead!
Alden

 

It's a good question and for me this is a very important one. Sadly my own Mondial 8 is in need of a fair amount of 'cancer' repair. Both fenders, lower rocker and rear quarters where the hideous rubber flying sails meetup. Interior is still brand new, well still looking brand new from the restore I did on it 9yrs ago. The rest... well after 6yrs on the coast, the salt air and really taken a toll.

Do I find another decent 8 and start over or sink 25~30k into paint and body on this one?

Hopefully by the end of the yr I'll have it in the shop and stripped down to asses how bad it is. I'm leaning towards simply repairing this one only because even with one in better shape the rust proofing is non-existent and any of them will have hidden cancer due to the craptastic metal quality ferrari was using. I figure that if I strip mine down and have it repaired, dipped and done right I won't have to worry about rust again in my lifetime.

 

Well said, I've seen this as well

 

Last year around this time I pointed out that Mondial prices were on the rise, and that a new price trend was starting. I was mocked by some on this forum for saying so, but I was shown to be correct in my analysis.

Right now I think the market is at a crossroads. No one expects the Mondial to be expensive; they think it's somehow untouched by the forces at play in the rest of the car market. I've noticed that the 3.2's with asking prices over $40k seem to sit, as if people find that price hard to swallow.

It's my opinion that we're going to see a bit of a plateau on Ferrari prices, at least for awhile. It may take a month or two to manifest but the sentiment is there.

 

Finding a truly rust-free Mondial 8 would be an adventure in itself.

This guy, Tim Simpson, makes the alternative (as you suggest) look easy.

http://www.ferrarichat.com/forum/mondial/350474-1980-green-mondial-8-rebuild.html