'86 328 GTS barn find. How much would you pay? - Ferrari Life
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post #1 of 22 Old 10-01-2010, 05:27 PM Thread Starter
 
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'86 328 GTS barn find. How much would you pay?

I found this 1986 328 GTS. http://picasaweb.google.com/Nonaggin...eat=directlink

I went to inspect it yesterday and took 59 photos. Here is the information I have been told (non verified). Car purchased from an IRS auction in 2005. Last registration was 2007. Never serviced but always ran fine(right). The owner has not started the car in a year and is out of state. I am looking for some credible opinions from experienced Ferrari owners especially 328 owners.
My first impression is to walk away since there is no documentation but I thought I would throw it out here, let you take a look and give me your opinion. I coul dnot start the car (the owner claims an alarm is preventing the ignition from engaging. Take a look a the photos and the comments. Tell me if it is worth buying and if so, for how much. I could always make the purchase contiengent on a full inspection of the engine by a qualified mechanic. The body and interior also needs work.
The objective is to have a medium project, have a working car that looks good (7 out of 10) and not be upside down too much. Is it a money pit?
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post #2 of 22 Old 10-01-2010, 07:56 PM
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post #3 of 22 Old 10-01-2010, 09:52 PM
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With so many 328s for sale in these dire times, why would you want to go there?

The money this 328 requires to be a good car again will never be recouped. An extremely conservative figure would be $10k, but depending on what is wrong that could easily double or triple. I know someone who bought a 308 that was apparently in great condition but it still required a $20k engine rebuild. So who knows what lurks here?

Personally, when it comes to Ferraris, I always say: buy the best you can find. Much of the ownership joy comes from being able to actually get in your car and drive, not fearing it might need a tow truck to come home.

Best of luck.


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post #4 of 22 Old 10-02-2010, 01:03 AM
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Not to be offensive but if you need a mechanic to tell you the car's state than you probably will have all work needed performed by other as well.


Only if you are a good DIY mechanic AND you feel like working on a car like this is part of your joy of owning it, go for it. if not find another, there are plenty available
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post #5 of 22 Old 10-02-2010, 02:08 AM
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Quote:
Originally Posted by [email protected] View Post
Only if you are a good DIY mechanic AND you feel like working on a car like this is part of your joy of owning it, go for it. if not find another, there are plenty available
Yes, sound advice [email protected], if you enjoy working on a car like this it is a different proposition. I had assumed that that wasn't the OP's intention. The majority of cost is down to labour. Nevertheless, parts can be very expensive too.


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post #6 of 22 Old 10-02-2010, 09:46 AM
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The value of the 328 in question is what you would make if you parted it out.
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post #7 of 22 Old 10-02-2010, 10:25 AM
 
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328 gts barn find

seems like a nice project but i agree with Onno, nonaggging.

i run into a 308 when i visit a vintage motor and car event here in Holland
it looks nice but it is not even not for the price: 28.000 euro.
the inside was worn out and teh paint was with blisters and i think
repaint for a quick result, but stl bad.

just zoom in in the rear fender just behind the wheel you can see
craters all over. stil this car comes with all the bills and history,
so the seller says.

i think your car is even worse than this one

greating
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post #8 of 22 Old 10-02-2010, 10:55 AM
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To answer your question, 12k
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post #9 of 22 Old 10-02-2010, 03:15 PM
 
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That 328 is a parts car. Do not invest a dime to repair that car.
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post #10 of 22 Old 10-04-2010, 07:49 PM
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Unless you can steal it and can do most of the work yourself run away as fast as you can.

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post #11 of 22 Old 10-04-2010, 07:52 PM
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Quote:
Originally Posted by JazzyO View Post
With so many 328s for sale in these dire times, why would you want to go there?

The money this 328 requires to be a good car again will never be recouped. An extremely conservative figure would be $10k, but depending on what is wrong that could easily double or triple. I know someone who bought a 308 that was apparently in great condition but it still required a $20k engine rebuild. So who knows what lurks here?

Personally, when it comes to Ferraris, I always say: buy the best you can find. Much of the ownership joy comes from being able to actually get in your car and drive, not fearing it might need a tow truck to come home.

Best of luck.


Onno
From the pics the body and interior repairs would be over $10K. Then you find out why it was no longer driven? Engine failure or electrical problems?

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post #12 of 22 Old 10-04-2010, 09:35 PM
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Quote:
Originally Posted by KKRace View Post
From the pics the body and interior repairs would be over $10K. Then you find out why it was no longer driven? Engine failure or electrical problems?
This is a negative value 328. Potential cost of bringing it back up to good condition is more than what you would be able to sell it for. It is good for parts or as a base for a stripped down race/rally car.
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post #13 of 22 Old 10-04-2010, 10:24 PM
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Run!

Unless you want it for parts or landfill.

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post #14 of 22 Old 10-10-2010, 04:54 AM
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Hi,

poor car - stay away. If a car is in such a bad shape from outside and interior, you can bet that the technical stuff is in the same shape. It can cost you a hell of money and you will not have fun.

Howdie

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post #15 of 22 Old 10-13-2010, 04:15 PM
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If you get the car for free and want to make a project out of it, go for it. Other wise do your homework and find the beat car you can afford. Most of the fun besides driving is the search and learning all about a vehicle.
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post #16 of 22 Old 10-13-2010, 04:32 PM
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Quote:
Originally Posted by netman View Post
If you get the car for free and want to make a project out of it, go for it. Other wise do your homework and find the beat car you can afford. Most of the fun besides driving is the search and learning all about a vehicle.
I agree with that last comment there. Much fun there. w/ smiles Jimmy
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post #17 of 22 Old 10-13-2010, 05:26 PM
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Does anyone else think this looks like possible flood damage? I say run away quickly.

Best regards,

Robert
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post #18 of 22 Old 10-14-2010, 03:42 AM
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Quote:
Originally Posted by Jimmy Chen Shiba DDS View Post
I agree with that last comment there. Much fun there. w/ smiles Jimmy
Intersting (and a little off topic, I apologise) but I agree Jimmy. Much of the fun is in the searching for the right car and the excitement of preparing to buy.

Yet everytime I do this (be it for a car, bike or whatever) all I want is my new toy in the garage right now. It's only after the event that I think "ah the search was fun", but it's too late then.

Am I alone in this???

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post #19 of 22 Old 10-14-2010, 04:43 AM
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No Barry, that's part of the Human condition.
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post #20 of 22 Old 10-14-2010, 04:59 AM
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Quote:
Originally Posted by Barry View Post
Intersting (and a little off topic, I apologise) but I agree Jimmy. Much of the fun is in the searching for the right car and the excitement of preparing to buy.

Yet everytime I do this (be it for a car, bike or whatever) all I want is my new toy in the garage right now. It's only after the event that I think "ah the search was fun", but it's too late then.

Am I alone in this???
So glad to know that you are one, healthy, hman being ...Barry. w/ smiles Jimmy
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