testarossa thread

[ro55a]

38,000 miles but with a fastidious service history. So what does the asking price say about the market for these cars?

[ro55a]

512TR with 15,000 miles and £150k, strong prices now.

[ro55a]

Out this week.

[ro55a]

Might be a good idea to check your agreed insurance value if you currently own a testarossa!

[Dinoboy]

I'd say these prices say that some people are going to get their fingers burnt.

[RevHappy]

ro55a said:

38,000 miles but with a fastidious service history. So what does the asking price say about the market for these cars?

That's a bit wishful thinking, even in resale red. I think I'll wait a year before pushing up the agreed value.

[ro55a]

Three of these have literally popped up over night. The £220k car has been on the market for a while and has been £200k for the vast majority of that time. Whether the prices will be achieved or not, it does appear to represent a positive view around the model and suggests movement in a similar direction to the predecessor, the 512BB, which are now routinely touching or exceeding £200k. They stayed firm at £80k for quite a while and then very quickly started to move and continue to do so. Will be interesting to see how long the posted cars remain on the market, whether we see subsequent price drops or due to short supply, the go very quickly?

[ro55a]

RevHappy said:

That's a bit wishful thinking, even in resale red. I think I'll wait a year before pushing up the agreed value.

Ps.
Rev, was your car at Autoitalia this year, in the main Ferrari car park, very, very nice indeed, if it was yours?

[Nmj]

ro55a said:

Out this week.

typical chancer i reckon !!!

[RevHappy]

ro55a said:

Ps.
Rev, was your car at Autoitalia this year, in the main Ferrari car park, very, very nice indeed, if it was yours?

Can't take the credit for that one, only got the car back from a service and a few added bits on the Friday. With Cliveden the following week, I didn't want to push my luck.

If you see a black one parked up its the Nero Stellato paint is the give away

[speedster87]

if it was a black one seen at auto italia it will probably of been mine

RevHappy said:

Can't take the credit for that one, only got the car back from a service and a few added bits on the Friday. With Cliveden the following week, I didn't want to push my luck.

If you see a black one parked up its the Nero Stellato paint is the give away

[speedster87]

Time for all new belts, seals and a full inspection ready for the summer

[belleair302]

Anybody who calls a car a potential investment knows little about investing. A risk when selling yes, a guaranteed return no, especially on a 512 TR or a Rossa. A risk and some people as ever are asking silly money. It will end in tears before the end of the year when interest rates rise by 2% and again in Feb 2015.

[ro55a]

belleair302 said:

Anybody who calls a car a potential investment knows little about investing. A risk when selling yes, a guaranteed return no, especially on a 512 TR or a Rossa. A risk and some people as ever are asking silly money. It will end in tears before the end of the year when interest rates rise by 2% and again in Feb 2015.

If I had accepted the offer made to me by a dealer last weekend, a dealer, not private, then I would have made more money on my TR in 2 years than my house has made in the same period. Of course I know nothing about investing whatsoever but am able to use the calculator on my iPad.
It's funny because a few years ago someone told me I was insane buying an old VW Splitscreen camper van and that it would be a waste of money, again, what do I know about investing other than the fact that it has an agreed insurance value 10 times the price I paid for it with a network of people who know the vehicle and would buy it for more than that, in the time it would take to finish writing this sentence.

But what do I know??

[ro55a]

speedster87 said:

Time for all new belts, seals and a full inspection ready for the summer

Is that your workshop and are you doing the full belt service yourself, look sexy with carbs!

[f1ten]

The h1ema car was the one sold at auction last year with only 1000 miles on the clock and was the subject of 1 of my topics on here ! As we all know the problem with that car is it hasn't been driven so could need money spending to get it back to tip top condition although then it would be instantly devalued having some mileage put on it!
It's sad to say it will probably always remain a bit of car art.

[Robert W]

...A Testarossa that no one dares drive - a bit like a massively expensive bottle of wine that no one dares open... kind of defeats the object somehow.

[speedster87]

ro55a said:

Is that your workshop and are you doing the full belt service yourself, look sexy with carbs!

All the work was carried out at Auto Italia, I had some other issues ironed out as well and areas improved while the engine was out. Now you could eat your dinner off any part of it.

[speedster87]

belleair302 said:

Anybody who calls a car a potential investment knows little about investing. A risk when selling yes, a guaranteed return no, especially on a 512 TR or a Rossa. A risk and some people as ever are asking silly money. It will end in tears before the end of the year when interest rates rise by 2% and again in Feb 2015.

I bought a testarossa 16 months ago and never got round to using it for various reasons so I sold it to a dealer for 25% more than what I paid for it. Car prices crashed last time because people were buying with borrowed money but not this time why would you have your money in the bank doing nothing or in control with people that couldn't manage to find their way out of a paper bag might always put your money somewhere it can be enjoyed.

[Adz The Rat]

The engine looks fantastic there, very shiny!