Ferrari Mailing List: Re: Likely Future 308 Price Appreciation

[Gavin Bedggood (gavinnz]

One correction their Jeff... the Euro spec steel 308 has dry sump engine... at least the 1978 has as I have one in my shed.

 

Regards

Gavin

--- On Sat, 15/9/12, Jeff Kennedy <jkennedy.design [at] gmail.com> wrote:

From: Jeff Kennedy <jkennedy.design [at] gmail.com>
Subject: Re: [Ferrari] Likely Future 308 Price Appreciation
To: "Gavin" <gavinnz [at] xtra.co.nz>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Saturday, 15, September, 2012, 1:30 AM

Here is my take on the hierarchy of the 308 line as desirability according to the original question:

 

#1 - Euro Fiberglass - this was the only one that was dry sump.  But only do an unadulterated one that has not been Federalized, or at least in no discernible way. 

 

#2 - US Fiberglass 

 

Further note on Fiberglass cars - These already trade a a major premium to the rest of the 308 market.  There was not GTS ever as a fiberglass.

 

#3 - non cat steel, 1977. If one could come up with a non-cat GTS that would be special.

#4 - QV.  As a durability issue the 1984 and 1985 have better rust proofing.

 

Although there are some people that do prefer the federalized Euro over a US version I do not unless it is de-converted. 

 

Originality - no aftermarket changes.  No color changes.

 

GTB vs. GTS - a personal preference issue.  GTB proponents will argue about the lower production rates and somewhat stiffer body.

 

Condition - start with the right car don't try resurrection unless you are a masochist and doing the all work yourself plus get parts at wholesale. 

 

Mileage - be careful about the low mileage cars.  They could be a bunch more mileage than that if the speedo cable had been disconnected.  Also be real careful that low mileage (under 30K) is also going to mean that driving the car will be devaluing it.

 

So there is my take.

 

Jeff

 

From: Larry Bard [mailto:larrybard [at] hotmail.com]
Sent: Friday, 14 September 2012 7:07 AM
To: Peter Pless
Cc: The FerrariList
Subject: [Ferrari] Likely Future 308 Price Appreciation

 

(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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