Why the bifurcation of 328 prices? | FerrariChat

Why the bifurcation of 328 prices?

Discussion in '308/328' started by Gray Matter, Oct 1, 2004.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Gray Matter

    Gray Matter Rookie

    Jul 30, 2004
    17
    Portland Oregon
    Full Name:
    Brian L
    Looking at Glass 308s and QV 308s but I keep running across 86 328s in the mid/upper $30s. 87s and up seem to start at $45 and go up. The 86s usually have less than 50k with as low as 35k miles. Ads often say service/belts recently done and assuming (big assumption?) they are in decent condition, why the discount. I like the GTB lines but a newer 328 GTS that is 10 years newer than a glass and has a few refinements over the 85 QV seems like a deal. The saying 'always buy the newest best example you can afford' seems to apply here. The 308s basically all have 30+k miles (more if glass) like these 328s but there are less ragged out 328s around. In summary, why are the 86 328s, or quite a few of them, edging into 84-85 qv territory? Any reason to avoid these assuming a PPI comes back realatively painless? Sorry for being long winded.

    Brian
     
  2. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    37,094
    Cowboy Capitol of the World
    Full Name:
    Brian Crall
    I do not follow the market prices so I will accept your numbers, but there is no reason to shy away from 86's they were exellent cars.
     
  3. Theo

    Theo Formula Junior

    May 6, 2002
    359
    Westford, MA
    Full Name:
    Theo Pappas
    Where are you finding these 86 328s in the $30K range? There shouldn't be that big of a discount from an 87/88. 89's do fetch more money since they have ABS and better suspsension.

    The only reason for the (lower) price, I think, would be high mileage, needing the 30K service, off color, or salvage titled/ rebuild title.

    Theo
     
  4. Gatorrari

    Gatorrari F1 World Champ
    Silver Subscribed

    Feb 27, 2004
    16,460
    Georgia
    Full Name:
    Jim Pernikoff
    I paid $35K for an '86 that was in fine condition up top and in the drivetrain; the owner just wanted to sell the car to an "enthusiast" and didn't particularly need the money. The car has had $2K work done on the suspension--the one area that was somewhat neglected--and will need about $1K more, so my real cost was about $38K. The car has 51K miles and has been serviced by the book, so I'm confident it won't let me down.

    Admittedly most of the '86s I've seen advertised range from about $40-43K, more if being sold by a dealer. I agree that the only cars that should differ substantially are the late cars with ABS, which probably will go for over $50K.
     
  5. Ricambi America

    Ricambi America F1 World Champ
    Sponsor Owner

    Interesting observation. If you want to see examples of 328 owners who obviously smoke crack, look at the classifieds in this months FCA newsletter. It's simply astounding what some people think their 3x8 cars are worth. 50K? 60K? Gimme a break.


    -Daniel
     
  6. mk e

    mk e F1 World Champ

    Oct 31, 2003
    13,736
    The twilight zone
    Full Name:
    Help me get this thing finished! https://gofund.me/39def36c
    With most cars, the first year of production has bugs that get fixed over the production years with the last year of production being the best example of the model. The 328 may be different because it's mostly a 308, but if I had 2 cars to look at, I'd pay more for an 87 than an 86.
     
  7. Oneday

    Oneday Karting

    Dec 19, 2003
    139
    Colorado
    I've begun to notice this in several different places as well. Not sure why, but seems like all of the sudden people are asking more for their 3x8 cars.
     
  8. N24RE

    N24RE Formula Junior

    Dec 8, 2003
    532
    Greensboro NC
    Full Name:
    Steve Jones
    The 86 is just as good as an 88 as long as the oil cooler lines and the suspension updtes are complete. It is simple a 308 Modificato and so all the bugs are fixed in the 83 and 84 QV.

    308 and 328 are going to be the future of classic Ferraris, along with early TRs....just watch. They are the last if the cars that the shade tree mechanic can repair with realtive ease.

    I wouldn't be surprised to see the prices go up in the next 5 to 10 years for well kept examples.


    ciao'

    Steve
     
  9. gmoore

    gmoore Rookie

    Jul 18, 2004
    19
    Seattle, WA
    Full Name:
    Greg Moore
  10. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,116
    E ' ' '/ F
    Full Name:
    Snike Fingersmith
    Less than 4000 miles, and a rare color. It's probably worth $65K to the right buyer, but it will take a long time to sell it. For some reason, there's quite a few very low mileage 89 328s out there, and when they do sell they seem to go pretty high.

    This car would appeal to the kind of people who take pride in showing the cars and maintaining them as a sort of caretaker for future enthusiasts. For the enthusiast who likes to drive the car, the depreciation in the first 30K miles would be horrendous.
     
  11. tbakowsky

    tbakowsky F1 World Champ
    Consultant Professional Ferrari Technician

    Sep 18, 2002
    19,949
    The Cold North
    Full Name:
    Tom

    You are correct sir!! (say like Ed McMAnn)
     
  12. Ricambi America

    Ricambi America F1 World Champ
    Sponsor Owner

    While I sort of agree about "the right buyer", it saddens me. Things like a Patek Phillipe watch can be worn, and still preserved for the next generation. A Ferrari should be no different. Personally, I think it'd be cool if they just built these cars WITHOUT odometers. A simple calendar mechanism would inform an otherwise clueless owner when to change oil, belts, etc.

    Think of how much fun everyone would have if the odometer didn't exist!


    -Daniel
     
  13. Gray Matter

    Gray Matter Rookie

    Jul 30, 2004
    17
    Portland Oregon
    Full Name:
    Brian L
    Here are two from ferrariads.com. There are others. Anthem motors in Phoenix just sold one in the 30s. There are quite a few actually... Some may be poor examples but many don't seem to be on the surface. A PPI would be absolutely mandatory.

    Rosso Corsa/ Magnolia Leather, Rosso Carpets. 54K Miles, Excellent driver, maintenance up-to-date & very reliable. P-Zeros with 10K miles left. Receipts/Maintenance history, import papers, prior PPI papers at 40K. Belts/tensioners changed at 48K, in 2002—valves adjusted. Redline transaxle lube. Mobile One engine oil. New Brake Fluid- Castrol LMA. K&N. Blaupunkt premium radio. Infinity speakers. Body is in very good condition with only a very few small dings/scratches. Tools and Jack. Targa Cover. Space saver spare. Spare parts. Service and Parts manuals—hard copy and CD-ROM. Owned by enthusiast/mechanical engineer. $34,500



    Description
    red on black interior. This car had a 30K service in 2001. Only 37K Miles just enough to not quite qualify as a garage queen. Tools, books and some records.
    asking $ 38.500
     
  14. atheyg

    atheyg Guest

    I had my 328 listed on FerrariAds cheap, the only reason was the "stigma" of its higher miles, these cars sound like average condition 328s with dings, scratches, worn interiors and missing records along with higher miles and the prices reflect them.

    All 86 and early 87 328s should have had the recalls done to them, particularly the suspension recall, any changes are very minor up to the ABS 89s, its probably just a coincidence 86s are forsale now with higher mileage and average paint with the lower prices, the po of my car bought a very low mile 86 for high 50s over a year ago so it depends on the condition not the year concerning prices.
     
  15. MARQ

    MARQ Formula 3

    Feb 9, 2002
    1,924
    East Coast US
    Full Name:
    Marq
    Absolutely.
     
  16. Vlad328

    Vlad328 Formula Junior

    Mar 16, 2004
    279
    New Orleans, LA
    Full Name:
    Vladimir Zuzukin
    What's this about suspension recalls on 1986 328 cars? Why did the suspension (maybe among other things) need to be recalled as opposed to simply updated on the next year model cars? Was there a bad problem? And if so, how would one know if the proper updated modification was done on a car for sale?
     
  17. FSC-Mike

    FSC-Mike Rookie

    Apr 4, 2004
    25
    Newport Beach, Ca.
    Full Name:
    Mike Grieco
    As for early suspension...Broken forks (3.2 Mond. also).
    If you really look at the 328 market you will find few clean drivers...328's tend to be "as new" or thrashed. A nice clean driven car is a find. Price out some of the misc. broken items on a marginal car...Turn/wiper ass. easy $1000, cracked front hood, leather, switches, etc. your deal @ $30k+ is gone.
    No matter what car you find HAVE A PREPURCHASE INSPECTION...
     

Share This Page