Will modifying it KILL value? | FerrariChat

Will modifying it KILL value?

Discussion in 'Ferrari Discussion (not model specific)' started by dreamcometrue, Aug 4, 2012.

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  1. dreamcometrue

    dreamcometrue Rookie

    Aug 4, 2012
    9
    Minnesota
    Would performance modifications to a used Ferrari (1980-2000 say) destroy it's value on the collector market, or might it actually improve the value? (say if you create a 328 that will hang with an F430)
     
  2. Splitting Atoms

    Splitting Atoms Formula 3

    Sep 18, 2011
    1,557
    South Carolina
    Full Name:
    Eric
    Most individuals shopping for a Ferrari, as I am currently doing, are leery of performance modifications. I would prefer stock or minor reversible modifications. In the example you mentioned, it would take so much money to make a 328 perform like a 430 that you might as well purchase a 430 to start with.

    I am leaning towards a 360 or Testarossa. I want the 360 to be completely stock with the exception of aftermarket exhaust, Tubi in particular, and factory F430 wheels. I would pay extra for those modifications. In the case of the Testarossa, there are some upgrades, such as the differential, that I would pay extra for.

    If you are considering resale, when in doubt leave it stock.
     
  3. muk_yan_jong

    muk_yan_jong Formula Junior

    Oct 11, 2008
    569
    Full Name:
    Brian McK
    Modify all you want, but retain the ability to return it to stock. Yes... It is yours, but there are a finite number of these cars and (just search Vintage) there will always be top dollar and desire for the "as designed" configuration.
     
  4. ztarum

    ztarum Formula 3

    Mar 30, 2008
    1,302
    South Jersey, USA
    The answer to your question is yes.
     
  5. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
    35,532
    Victory Circle
    Full Name:
    HUBBSTER
    I agree, just do bolt ons & keep original parts and you''l be fine
     
  6. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    Or? How can you kill something that isn't there?

    What value. $20 to 50K? Do what makes you happy. Some say they will go up in value, some say they are stuck. Do what makes you happy and value doesn't matter. Besides, from my reading, you can take a 40K 328, put about $30K into it and have a fast car that is worth $40K. Money isn't often made on modifications. And that's only if the mods are good and marketable. If you make a 328 that fast it will have lost all of it's feel and charactor. You might be able to graft a rat 328 body onto a botched up 360 cheaper.
     
  7. up4speed

    up4speed F1 Rookie
    Silver Subscribed

    Feb 16, 2012
    3,693
    Long Island, NY
    Full Name:
    Chris
    Bottom line. A lot of people are uneasy with modifications on these cars. Most people like these cars stock. You will limit the available audience when you want to resell it, if it is modified. Plus if you do a modification that causes a problem, it can be very expensive to fix.
    For instance if you put a turbo on a Honda civic, and blow the head gasket from too much boost, it may cost $750 to repair. Throw a turbo on a Ferrari 328 and cause the same damage $6,000. Those are totally made up numbers, but I'm trying to get a point across, and who knows, I may not even be that far off on the costs.

    If you are talking about cosmetic mods, or stereo modifications, they are a little more accepted, but you will still have people avoid your car because of that. I'm one of those guys. I wanted 100% stock when I was looking to buy. A small modification wasn't a deal breaker for me, and they sometimes do look nice, if done properly, but definitely a negative tick mark though.
     
  8. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    I have modified two of my Ferrari's. I don't think it's hurt their
    value.
     
  9. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    By Pinninfarina :D
     
  10. texasmr2

    texasmr2 Two Time F1 World Champ
    BANNED

    Oct 22, 2007
    22,232
    Houston
    Full Name:
    Gregg
    That is best approach imo aswell, retain all the stock parts so you can include them in a future sale.
     
  11. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,540
    Charleston, SC
    Full Name:
    Curt
    I don't recall seeing any pimpin chrome rims, tiger print or "leather" wrap on any of your cars... ;)
     
  12. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,481
    Buyer: What is that hole pattern on the top here?

    Seller: That's where I had the supercharger mounted
     
  13. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,481
    Ferrari as a brand/lifestyle discourages performance modifications. But go look at the premium you can ask over stock for a twin turbo Gallardo.

    This, as much as anything else helps differentiate the two brands. Its a cool difference in perspective.
     
  14. NeuroBeaker

    NeuroBeaker Advising Moderator
    Moderator

    Oct 1, 2008
    40,019
    Huntsville, AL., USA
    Full Name:
    Andrew
    LOL! Yeah, but... you modded with an excess of panache, at levels not normally achieved by mere mortals. :D

    All the best,
    Andrew.
     
  15. daytona355

    daytona355 F1 World Champ
    BANNED

    Mar 25, 2009
    12,655
    London
    Full Name:
    Sid Korshak
    Exactly...... Don't add stripes and blue neons!
     
  16. tundraphile

    tundraphile F1 Veteran

    May 16, 2007
    5,083
    Missouri
    Anything other than name brand exhaust and maybe wheels will be negative to value.
     
  17. Miner_31

    Miner_31 Formula Junior

    Jun 27, 2008
    376
    Summerfield, NC
    Full Name:
    Mike
    Mods generally drop value. Just because you like the mods doesnt mean someone else will.

    I think about it this way...no one steers away from cars that have NOT been modded. On the other hand a lot of people that will stay away from modded cars. The average person that would like a modded car would want to pick the mods themselves. When I looked for my 360 I wanted it to be bone stock.

    When It comes to value it's about appeal, so if your car is only appealing to half the buyers then the value goes down. This is generally the case with modded cars, especially at dealerships where these cars will end up being wholesaled if they are taken in on trade.

    I have modded most of my cars but make sure that everything is reversible and I keep all the old parts for resale sake.
     

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