Ferrari Mailing List: Re: Likely Future 308 Price Appreciation

[Michael James (cavallino_rapante]

Tell him to forget it.  Although 308s are a classic design, the vast majority of them are case-studies in deferred maintenance.  A cheap car that has suffered under CHEAP owners - a 308 is not a Bugatti or a Daytona ("just fix it, cost be darned").  We're talking about a car with a book value of less-than $30k, but will require maintenance that makes them an instant money-loser if your friend has any ambitions beyond static lawn-ornament status.  Fuel, Oil, air, and coolant system parts are getting scarce, and those that are available are getting STUPID expensive fast.  The NLA item-list is getting longer and longer.  The day where many of these machines no longer run is coming, and those that do run will be doing-so on non-factory and home-fabricated parts.  These are no-longer cars for the 'limited budget' crowd - anyone who says different should look at my engine rebuild receipts to have their tune changed.  I could have bought a 355 for what I have into this car right now....and I'm not the only one in my circle of friends.

 

Appreciation? Only the Michelotto rally racers and the Fiberglass cars are seeing value up-swings. 

 

M

--- On Thu, 9/13/12, Larry Bard <larrybard [at] hotmail.com> wrote:

From: Larry Bard <larrybard [at] hotmail.com>
Subject: [Ferrari] Likely Future 308 Price Appreciation
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Thursday, September 13, 2012, 5:06 PM

(Yeah, I know we covet Ferraris because we love them, not because we think we'll make money if we ever sell them, but I'm asking for a friend.  Really.)

A friend who is an extremely capable and experienced mechanic asked me which 308s were likely to appreciate over the next 10 years or so.  Not being even remotely competent to answer that question myself, I thought I would pass it along to this list, whose members doubtlessly are better able to intelligently formulate reasonable answers. 

The friend who is asking has a very limited budget, doesn't seem to have performance as high on his list as most would-be owners might, likes old classics, and specifically asked about possible appreciation over something like the next 10 years.  My guess is that he is in fact far less interested in the possibility of making any money, and much more interested in avoiding any serious loss if he were to buy one and sell it in about 10 years (though I am personally inclined to believe that any well maintained 308 is likely to at least hold its value over the next 10 years, assuming one buys it at not too far in excess of the "Clyde" price).

I know the QVs have always been highly regarded, but what do all of you think about specific model years, etc?  European 308 GTBi/GTSi QV?  Relatively rarer fiberglass rather than steel? Injection vs. carburetor?

Any words of wisdom I could pass along to my friend would be greatly appreciated.

Larry

 

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