Whats this Ferrari 328 worth?

[HardDrive]

Local guy. Looks like its all there, but not running.

What would you offer him?

Ferrari 328GTS

[porsche4life]

All I can think is RUN FOREST RUN!

I don't know spit about Ferraris, just what I've gleaned from being around guys like Javadog, but I feel like that car is barely worth 45k put together and driving....

Basket cases always cost you more than you think, and this looks like a pretty serious one...

[kaisen]

It might be worth the $45,000 asking price if it were complete, running, and up to date with no issues. But as a partially disassembled non-runner!? Half that. Okay, round up to $25K.

There are just too many variables and unknowns in a non-running Ferrari

It would have to be cheap. And it will be, if he ever comes to terms and actually sells it. My guess is he won't, and it will sit there until he gets around to it.

[Don Ro]

"Nothing major, just suffering from neglect from its previous owner."
~~~~~~~~
Sad.

[Gogar]

I agree with the other guys:



If it could run and drive he would have spent the . . . . 1 day? 2 days? to make it run and drive.


He's not necessarily lying, but he's not telling the whole story. Or he's just stupid and doesn't understand the seller needs to show a car that starts and drives down the street.

If it was done and looked great it might get $45K.

[TimT]

10K

At some point you have to get the nitwits that drive prices up back to reality...

Don't pay for what a driveable example is....

Pay for what it is... a bunch of parts from a swap meet...

[sc_rufctr]

Is it just me or do these look similar (in size) to mid year 911 brakes?



Personally I'd take that on as a project. What could go wrong?

[sc_rufctr]

Originally Posted by TimT

10K

At some point you have to get the nitwits that drive prices up back to reality...

Don't pay for what a driveable example is....

Pay for what it is... a bunch of parts from a swap meet...

I'm not sure I agree. The body looks straight and "IF" it's all there surely it would be worth more than 10k.

[gshase]

Tow truck

[Racerbvd]

Originally Posted by sc_rufctr

Is it just me or do these look similar (in size) to mid year 911 brakes?



Personally I'd take that on as a project. What could go wrong?

Well, the 308 uses the same rear brake calipers as as a Porsche 914-6

[widebody911]

I would be cheaper to dig a big hole in your backyard, throw in your next year's worth of paychecks and set it all on fire.

[onewhippedpuppy]

Originally Posted by kaisen

It might be worth the $45,000 asking price if it were complete, running, and up to date with no issues. But as a partially disassembled non-runner!? Half that. Okay, round up to $25K.

There are just too many variables and unknowns in a non-running Ferrari

It would have to be cheap. And it will be, if he ever comes to terms and actually sells it. My guess is he won't, and it will sit there until he gets around to it.

Totally agree. That asking price doesn't say "ready to sell". If it were minor stuff, why hasn't he sorted it out already? I always figure that you should take everything that you see and double it for a project car. Eric is being generous, I don't know if I would give $25k.

[sc_rufctr]

Originally Posted by widebody911

I would be cheaper to dig a big hole in your backyard, throw in your next year's worth of paychecks and set it all on fire.

True but imagine the fun you'd have putting it back together.

Honestly I'd have a go.

[afterburn 549]

I think you guys are a little rough?
How ever One has to wonder what went on there......LOL
I would take a low market price and pay no more then a 1/3 of that.
That allows 2/3 back to at least break even? ( If I had to have it) Its not a investment. its a love.

[strupgolf]

With all the work to do, I'd say 25,000 TOPS.

[HardDrive]

$25k was the figure I had in mind as well.

Unlikely he'll sell. Looks like a kid with the means to have a storage space and a lift. No motivation to sell.

[kaisen]

Originally Posted by onewhippedpuppy

Eric is being generous, I don't know if I would give $25k.

The hard parts and trim parts for 308s and 328s are getting to be ridiculously expensive. The front clip, for example, is worth about $8,000 by itself. So it's easily worth $25K in parts. And that becomes the value if things go sideways.

The gamble becomes:

Buy it for $25K and find out it has a spun bearing. Sell it for $25K in parts. You lost whatever time you invested.

OR

Buy it for $25K and find out it just needed reassembly and minor tweaking. You invested your time and tinkering and have a $40-45K car.

Or, perhaps:

Buy a nice running driving '92 348TS with a previous salvage title for $29K and skip the Magnum PI nostalgia

[Tobra]

Cheeky Aussies, it would be a hoot all put together though eh, red and everything

I thought you guys were kidding with the $45K stuff, GTS, looks like it has the fuel injection, which I hope is Bosch. How much is a rebuild on the motor going to cost, and how much for the rubber stuff to go with the injection, all questions I want answered. Everything in the pics looks pretty good though, might just be able to buff that paint out. Detailed, with the right wheels, definitely a looker. I am not much of a F car guy, but I always had a soft spot for that series of Ferraris. I blame Magnum PI. I understand they are relatively not that bad to work on, but have never had one on a lift.

It does have the motor in the right place. What is shipping from Wilmington to Adelaide? Probably a lot, and the steering wheel is on the wrong side, but you would get over that.

Not one shot of a wheel...

[onewhippedpuppy]

Originally Posted by kaisen

The hard parts and trim parts for 308s and 328s are getting to be ridiculously expensive. The front clip, for example, is worth about $8,000 by itself. So it's easily worth $25K in parts. And that becomes the value if things go sideways.

The gamble becomes:

Buy it for $25K and find out it has a spun bearing. Sell it for $25K in parts. You lost whatever time you invested.

OR

Buy it for $25K and find out it just needed reassembly and minor tweaking. You invested your time and tinkering and have a $40-45K car.

Or, perhaps:

Buy a nice running driving '92 348TS with a previous salvage title for $29K and skip the Magnum PI nostalgia

All depends on your spare time I guess. Parting out a car would be painfully time consuming. Dis-assembly, marketing, packing, and shipping take a ton of time and space. Maybe I'm just cynical, but I assume that any car that only needs "minor assembly" actually needs anything but. Just like every car with inop A/C "just needs a charge". Riiiight.

I think I'll take door #3.

[sc_rufctr]

Oh. I thought we were into cool cars.

Old Scool Ferrari! I bet you'll be kicking yourselves in a few short years