Re: Holy Cow! and Clyde's help
From: Clarence Romero Jr. (clyderomerof4gmail.com)
Date: Fri, 7 Dec 2018 03:35:52 -0800 (PST)
How long did you have the car ?



     RF4-4EVR

Scars are Tattoos with better stories !

If you have no enemies, you have no character !

Clyde Romero    


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On Dec 6, 2018, at 10:47 PM, Hans E. Hansen <FList [at] hanshansen.org> wrote:

Hmmmm.   Not sure where to come down on this.....

I sold my recently departed (2 years ago) 308GT4 to a very prominent used car dealer. The price he offered (well, not the first price he offered...) was pretty close to auction prices, and well over twice what I paid for it. 

This is a dealer that routinely deals in million $$ cars. I assume he knows the market. 

Hans. 

On Dec 6, 2018 6:48 PM, "Clarence Romero Jr." <clyderomerof4 [at] gmail.com> wrote:
Dennis thanks for the praise
Didn’t mean for you to come out on this 
Happy holidays my friend 



     RF4-4EVR

Scars are Tattoos with better stories !

If you have no enemies, you have no character !

Clyde Romero    


Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.
This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged.  If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED.  If you have received this transmission in error, please immediately notify us by reply e-mail at Clyderomerof4 [at] gmail.com or  by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.

On Dec 6, 2018, at 8:51 PM, Dennis Burleson <d_burles [at] bellsouth.net> wrote:

True, Clyde was indispensable in his help with the sell of my vehicle. It was/is a very beautiful car and I hated to sell, but health and financial issues dictated otherwise.

A 1985 308, I spent over a year and over $18K in parts and materials, basically taking apart and reassembling the car. New leather upholstery (original Connolly hides), engine out service, new suspension bushings, retrofit 134 ac, etc. Did it all myself. I reupholstered the seats in the "Daytona" style.

Health problems earlier this year initiated the decision to sell. I didn't want to deal with tire kickers and hagglers, so Clyde was the go-to man. I knew from previous experience that he could provide expedient action. He did not disappoint. Two phone calls and 48 hours later, a car hauler and three individuals were at my shop.

I think, as best as I know, that the car sold for VERY CLOSE to the sticker price for a 308 in 1985. Keep in mind that the car; 1) had 54,000 miles, 2) DID NOT have the original window sticker, had spotty service records from the early 90s, and 3) DID NOT have the original jack or tool kit (I made these myself). Also, as was pointed out to me, that I WAS NOT a factory certified Ferrari technician (although I am a retired ASE certified Master Technician and former master tech with two domestic car lines). Also, the paint was starting to show its age.

As the man who purchased the car from me said, "The 308s that are worth $100,000 now will still be worth whatever the equivalent of $100,000 is in the future." In other words, the cars (read: any Ferrari) with low miles, belt service done yesterday, all documentation, and with jack and tool kit will be the ones that bring the big bucks. And by his reckoning, that means the value will increase based on inflation (and maybe some attrition), as is the case now.  

Are 308s worth $100,000??? Clyde probably wouldn't want to drop that kind of money on one, but as was pointed out to me, there are a lot of 30 somethings out there that want one in the year they were born. Now we're back to the Magnum PI resurgence. Kids that remember seeing the show who love the car and want to own one.

Unlike Brian, I am not a Ferrari expert, nor an expert of any type. But I have a 22 year old son, and he tells me that none of his friends would give two dumps about "old Ferraris." They don't really care about cars at all. They just want surface transportation. In addition, Brian has my deepest respect, as I have monitored this list for over 12 years and have read everything he has ever posted. I hold his opinion in high regard, especially anything concerning Ferrari.

So, like Clyde, I feel that the "old car" market for ordinary people is dying. Not just Ferrari cars, but the muscle cars, and the other cars, whatever you want to drag into the conversation. A guy I know has some Model A and Model T Fords that have lost value because the market is dying off. Literally. I'm not dissing on car collectors, these will be the people that will continue to pay money for "collectible cars." Cars that my progeny will look at in museums since fossil fuels will probably be illegal to burn without permits. Then they will get into their autonomous vehicles or board mass transit systems and go home.

Pardon my post, but Clyde mentioned me and my transaction. Thanks again for your help, Clyde You are top shelf and top gun.

DB
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