Hi, I'm looking for a Red or Black 348 TS 1990-94 with less than 30,000 miles and belt/major service performed within the last 5000 miles. Please supply pictures (including VIN plate) with emails. To save everyones time, I am willing to pay up to $43,000 USD depending on condition, no more. I have researched current actual selling prices through 2 brokers here in N.Y. as well as most of the Ferrari and Car sites. That seems to be the average selling price. I will not consider cars outside the U.S.. Car must be available to view and I will not pay a deposit before seeing the vehicle. I have cash in hand. I can be contacted here: [email protected] Thanks for your time, Mike
Are you interested in a project (less $) or are you looking for a ready to drive car? I don't know if it's still there, but I looked at a 90/91 TS in the Twin Cities area a couple of months ago...needed work and I think it was less that $24K. GT Cars in Bloomington, MN...try google for the ph #
A project would be O.K., dependant on how much needs to be done. I just looked them up, I'll give them a call in the morning. Thanks! --Mike
Mine's a screamer. Black/black/tan. Totally sorted out. 38K miles. Yours for $47K. Need the funds because a BBi looms large. sn 86426
To save everyone's time, mind if I butt in here and call B.S. on this one? 348's are bringing more than your $43K figure at MANHEIM DEALER AUCTIONS for goodness sake. That's dealer wholesale - and most are rated "average" condition. You might eventually meet your price target, but it could be a long wait.
I recently bought a '94 348 tb. Reserch found retail in range of $55 - $60 K. Some earlier ('89) with miles maybe under $50.
How can I say this.............THERE IS NO SUCH THING AS A CHEAP FERRARI!!! My brother went through this a couple of years ago, as did a friend of mine. They both found 'cheap cars' and they both found well sorted cars that were cared for. The cars had a HUGE price discrepency. Long story short...........My bro took my advice and bought the sorted car from Wide World for $68K. Books, records, major, perfect!! My friend bought the cheapy for $40K. The 'cheap' car had no records, needed a major. As time went on the car got a major ($6K), needed repair work to the electrics, AC and ABS and brakes ($10.5K). It also need some shotty body work repaired to the tune of $11K. He suffered with this car for over a year, while my bro was driving and enjoying the car. The car now runs and looks great, but he still has a car that has no records and has been hit....and they ended up paying about the same money............Who do you think has had the better Ferrari experience so far? Ciao..........Dino
I agree with you (not that what you said will sink in to very many people), except for the part about your friend still not having any records. If you aren't talking about concours, then in my opinion just having all records since the last Major Service is 80% "good enough." I mean, do we really care if the water pump was replaced at the first major service AND at the second major service?!
You may be right, but I have always gotten a premium for cars that I have sold that have full documentation from day one. I don't know if its just that I found seriously anal buyers or I just got lucky! Dino
OK, I'll agree with you that having all records is worth a premium. I guess I was just trying to say that a car (only) with all records after its last Major Service would generally be "good enough" record keeping for the non-show car purchases.
JRR, I will consider it. Saw the pictures. Everyone else, you have valid points, however, who ever said I was looking for a concours quality car. I drive my cars and race them too. I am also not new to buying high dollar cars and have owned many well above the value I am offering here. I usually wait for the one that is selling were I think it should be and has excellent quality. Seems to work out just fine if you keep looking. I would like a daily driver or close to it. I have no use for concours cars and polish. As for major engine service records and history I have seen 2 already well within my range that have excellent records. Problem is they sell instantly when they are at the right price. Like it or not prices on some models are down and falling for the time being. Before you respond, take a look at the values asked for the 355, 348 and others over the past two years and look at asking prices now. The F355 is falling like a stone. I won't purchase a F355 for that reason and I believe 348 are leveling out. I simply placed a straight forward post announcing my intentions. I am open to offers but I really don't want to get involved in debate over money and perceived values. My offer still stands and I may be willing to pay more if the car is right for me. --Mike
Mike: Try not to take offense to what I am saying. I think alot of the people here have alot of experience with Ferrari. I have been around the cars for 30 years...20 as an owner...and I am just offering sound experiemce and advice. Your comment about "my offer still stands', reminds me of when I was selling my F40. I had tons of low ballers offer stupid money, and I just blew them off. But there was one guy that would call me every few weeks.........telling me that.........."my offer still stands, and that he can buy these all day for what he was offering". I then would ask him why he didn't buy one of those cars. All he could say was........he wanted to 'help me out and buy mine!' Right then and there I decided that I would NEVER sell to that guy, even if I was going to have to live in the F40!! Ciao........Dino
Ingenere, No offense taken. Part of the problem with written text is you can not always reflect the context that you mean. Maybe, I should have said "If anyone decides to sell their 348 at or around that price, please let me know". I am not looking to low ball anyone and I think I may be a little worried about "helping someone out". You never know about cars people can't seem to unload. I have seen 348's with histories go for the price and condition I think is fair for $43,000 lately, especially in Florida. Being in N.Y. with two business to run I do not always have the chance to fly down and take a look in time to buy ia car before someone else. I am not look for a show car here, but I believe I can find a car within my specs for the money. I will pay more if the car warrants it. The problem is speculation. You guys have to admit there are a lot of people selling cars at prices a lot higher than their value. I have seen fifty thousand mile 85 308QV's attempting to get $60,000. If it were an F40 or 288GTO I can see the reason for such an inflated price (low production, special designs). Now Jack Russell's 348 @ $47,000 is closer to reality and definitely tempting. He has a price I feel is closer to the correct value (Although, I wish it was a little closer ). I do not want to become a fly by night buyer either. I will hang around here and other sites for awhile and watch and learn. When I do buy I'll let you know what I have found and how long it took. In the opposite direction, let me say "I am not trying to low ball or offend", I am just looking for a price I believe is the true fair market value of the car. That is just my .02. --Mike
$43k is not fair and true to the market for what you are looking for. $46k - $57k is the reality. $43k you'll be able to find, but you will need to do a $5k major service. Good luck.
HuskerNTexas has one for sale I think. It is nice red/tan with the 355 wheels and he is only asking around $45k. It is for sale on classic car trader I think. It may be on cars.com. FWIW I bought an 89 348ts in February with 22k miles and recent service for $47k. Have spent about $4k in service and upgrades since. BT
