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I got a 1990 Ferrari 348 TS -Pinafarina as a divorce settlement. The car is red/tan and has 49K miles. I would like to sell the car, but I have no idea how much I could sell it for. I will appreciate your help.

Thank you.
 

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I got a 1990 Ferrari 348 TS -Pinafarina as a divorce settlement. The car is red/tan and has 49K miles. I would like to sell the car, but I have no idea how much I could sell it for. I will appreciate your help.
Can't evaluate the vehicke w/o knowing more- condition interior and exterior, services performed, etc.

Ferrari's are very different from other vehicles.

Where is it located?

Pictures?

Tell us more and we can help.

Could be from $35K-$50K depending.

Do you know it's value from the property settlement?
 

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I don't know anything about the car. It looks nice. I've noticed that the console is sticky though. Seats are in good condition. Carpet in the driver area is worn out. It has nice Ferrari mats. Body is nice and shiny. I just drive it down the street once a month. I've attached some pictures from two weeks ago. The date on my camera was incorrect. No I don't have an estimate value of the car. I had the option of keeping the boat or the car. I thought the car was less maintenance.
Thank you for your reply.
 

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The car looks nice as well as its owner!

Where is it located? Florida?

Actually the boat would have been less maintenance.

Sticky console is characteristic but correctable.
 

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A few tips about operation. There is no power steering so you'll find that challenging at times.

It is very important that when you drive that car you do so for 10-12 miles minimum to make sure it fully warms up. You can't drive it as if it's a Chevy. It is not made for just local driving and that will damage the car.

Be very careful when shifting into 2nd gear when it's cold.
 

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I got a 1990 Ferrari 348 TS -Pinafarina as a divorce settlement. The car is red/tan and has 49K miles. I would like to sell the car, but I have no idea how much I could sell it for. I will appreciate your help.

Thank you.
Welcome back I was wondering what ever happened to this car, I see you still have it and glad to hear you are taking it out on a regular basis. Curious why haven't you tried to sell it yet the market is absolutely terrible now for the 348 I would advise you in holding on to it it possible for now.
 

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+1 on the hold it comment. The market sucks. Hold for a year or 2 could double the return.

I to am glad to see you've bee trying to drive it. I recall our conversations last year when you got it. It appears that the front wheels have not been swapped yet.
 

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I got a 1990 Ferrari 348 TS -Pinafarina as a divorce settlement. The car is red/tan and has 49K miles. I would like to sell the car, but I have no idea how much I could sell it for. I will appreciate your help.

Thank you.
Suggest you check the classifieds on www.ferrarimarketletter.com to give you an idea on what similar cars are selling for at the moment. You can also check: http://www.anamera.com/

Finally I would contact Mike Sheehan (he is a broker). His phone number is listed on:www.ferraris-online.com . He will also be able to give you an idea of what it will currently sell for.
 

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prior to the economic collapse (september 2008) 348's were going for around 50k and (some say) possibly starting to rise. present economic conditions put most average examples in the 35 to 40 range. I expect that the stabilization of the conditions that caused the economic problems will allow 348's to return fairly quickly to there pre-collapse values. wait another year and a modest rise may be possible.

Doubling in value from the 35 range...maybe not....but getting to 55 or 60. I'd say its very possible.

Thats my perspective anyway
 

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That's a good take.

Now makes sense.

This makes me think that mrestivo's car is now at the lower end of the scale with worn inner carpets and seat bolster as that may indicate other deferred maintenance.

If I could get her to respond I'd have a friend there go take a look at it.
 

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Discussion Starter #12
Thank you guys. I really appreciate all the tips and suggestions. I'm still not sure if I want to keep the car. The local Ferrari Specialist offered to sell it for me. That's where my ex husband used to take it for maintenance. Thank you for the websites. I'll certainly check them out before making any decision. Thank you again. ;-)
 

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I don't know anything about the car. It looks nice. I've noticed that the console is sticky though. Seats are in good condition. Carpet in the driver area is worn out. It has nice Ferrari mats. Body is nice and shiny. I just drive it down the street once a month. I've attached some pictures from two weeks ago. The date on my camera was incorrect. No I don't have an estimate value of the car. I had the option of keeping the boat or the car. I thought the car was less maintenance.
Thank you for your reply.

Um, just asking: ya' come with the car :D might bring a premium :D

just kidding

looks like it was kept in a good climate so that's a plus.

BTW, have a serial number, might be able to get more data for that possible sale.

THese cars are one of three that have the highest maintenance costs for the more mass produced, late model Ferraris...
having said that, this one can command a very good price between easily if sorted and documented/maintained correctly from the $40k[very low] to the mid-high $70k range.

those sticky parts are minor. The maintainence and documentation of such is key.

The exact model year is also a factor...some had different 'options' features albeit your's looks fairly straight fwd.

better to have that car than the boat...as there are a TON of boats getting hammered out there.
 

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Discussion Starter #16
It's me again

I am really thankful for this site. You guys help so much that I've came back to ask your opinion. A nonprofit organization offered to raffle the Ferrari for me. Do you think it's a good idea? I'm afraid they won't sell enough tickets and I'll have to give the car away.

Thanks again guys!!!
 

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Question

What do you guys do besides of chatting here? Do you get together, organize events, etc??? I'm just curious...
 

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I am really thankful for this site. You guys help so much that I've came back to ask your opinion. A nonprofit organization offered to raffle the Ferrari for me. Do you think it's a good idea? I'm afraid they won't sell enough tickets and I'll have to give the car away.

Thanks again guys!!!
I'm not sure what the idea of the non-profit would do for you...is it that you will get some of the money and they the rest over a certain amount. or are they expecting you to give away the car?

I would sell the car, donate some money etc. but there might be tax angles to this whole thing I don't see, a CPA would know.

As for the amount to you should they 'buy' then sell the tickets, well it's up to the market...I don't think it would generate much money though in these times as that/any Ferrari is high maintenance in any common giveaway....many would balk. Better off to raffle a Prius.

However, assuming all in the up and up, you need to let us know more on what YOU want out of this.

What do you guys do besides of chatting here? Do you get together, organize events, etc??? I'm just curious...
I work all day for the present, retirement off now with this economy....so, I have days in front of a computer where I keep screens up...have several monitors, and [wait...a database question just flashed.....DONE]
so, I have a multitasking ability...read a lot of news 'stuff' and research.

events: ya' there are lots, GCalo has fingers into lots :D
I attend the big ones, in that weekends are usually taken up playing water volley ball, or floating about a lake at my resort.

rik
 

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----A nonprofit organization offered to raffle the Ferrari for me. Do you think it's a good idea?---
Huge mistake as this "non-profit" will be more interested to fill their pockets before yours.

My suggestion is to have the car looked at so we have a value. Then consider what you would like to get from the sale dollarwise from a realistic standpoint.

You could then list it here as well as possibly a few other Ferrari sale areas. List higher than what you feel is realistic for you, and then you can negotiate to your desired price point.

Remember that the car will get comments about care and prior services, and w/o satisfactory responses the price will drop! So be prepared.

If you are not comfortable with the sale concept find someone you can trust to do that for you. It is not for the faint of heart!

As to functions from the members here the difficulty is that we are mostly distant. Local folks will do local things similar to what we do here in Northern California.

However I am sure there are many members here who would go the country mile to come there to arrange a function that could include you.

And there is EuroSunday which is great fun. You would enjoy that and you could meet a few folks there as well.

See this link for Florida: http://eurosunday.net/miami/index.htm
 

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Discussion Starter #20
The only thing I know is that this nonprofit organization wants 10% of the sale price. They are talking about 1000 tickets at $60 each...but I I doubt they will sell 1000 tickets.

Anyway I've checks Ferrari sites in Italy and the prices there are much better than here...maybe I should advertise there...do you think it would be a good idea? how about you Mr. Multitask?

I'm thinking about taking the car to the local Ferrari shop for maintenance. They told me they will teach me to drive the car in no time...yeah right! ;-)
 
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