Join Date: Jun 2002
Location: USA & Singapore
Ferrari Life Posts: 5,509
Based on your assumption that the car is mechanically sound, other than the possibility of not being started in 17 years I would ball park a range of $3k-5k. I'm also assuming that the paint and interior are all in great shape. I'm also assuming the car was in a garage and not out back under a tarp.
I am basing this on needing the following work: A thorough inspection, a new battery, new timing belts, all the fluids changed: engine oil, transmission fluid, coolant, brake fluid and the gasoline. The entire fuel system will need to be flushed and cleaned. It may also need new tires. Even if they show no signs of dry-rot they may be flat-spotted so bad that they won't recover.
Normally, anyone here would recommend a PPI. In this case I would probably forgo it and offer a substantially reduced price. They want to get rid of it quick and they may not know it's value, if it goes to auction somebody else will buy it sight unseen and either get a great deal or the bidding will go crazy and the car will sell overpriced. The car is probably worth about $40k. If it were a fully documented car with all the service up to date it would be worth more. Here's what I'd do: I'd offer her a little more than half of what it is worth, maybe $25k but you want to hear it run. If she agrees to that, show up with a cashier's check and arrange to have a tow-truck with a flatbed accompany you. Bring along a new battery and the tools to change it. (the battery is a group 47 and costs about $75). Bring some fuel too. If it starts and runs tell her you are ready to load it up and hand her the check. It is important to be ready to take the car immediately because once she has a running Ferrari she might think it is worth more. I remember once looking at an MG for an extremely low price and told them I would be back the next day to collect it and when I got back there they had already sold it to someone else.
So those are my thought, of course just like your user name I too might be a little off.
'79 308 GTS, '82 Jeep CJ7 Jamboree
"Time is what prevents everything from happening all at once."