308/328 Values
Discussion
baypond said:
Yes ABS. I prefer the non ABS rims but that is nit picking and there are not enough 308/328s around to be choosey.
Isn't it funny how the majority (52 yr old me included) think the 308 chrome switches are so much nicer, and then comes along a 30 year old colleague and raves about the 328 instrumentation. Everything has it's day it seems.
Just looking at a couple of 308s available, and I agree, the mechanical switches look better on the 308 than the push-button switches on the 328.Isn't it funny how the majority (52 yr old me included) think the 308 chrome switches are so much nicer, and then comes along a 30 year old colleague and raves about the 328 instrumentation. Everything has it's day it seems.
That probably makes the 308 a more desirable car than the 328, tactility (is that even a word?!) being better!
not sure if this link will work but here goes !
http://s1182.photobucket.com/user/sng45/media/3232...
http://s1182.photobucket.com/user/sng45/media/3232...
sng45 said:
not sure if this link will work but here goes !
http://s1182.photobucket.com/user/sng45/media/3232...
Great combo - A 1989 Carrera is next on my list.http://s1182.photobucket.com/user/sng45/media/3232...
sng45 said:
not sure if this link will work but here goes !
http://s1182.photobucket.com/user/sng45/media/3232...
Lovely couple of cars! Congratulations!http://s1182.photobucket.com/user/sng45/media/3232...
This didn't take long to sell
http://www.joemacari.com/All-Cars-for-Sale/_prod_F...
Shown as "under offer"
http://www.joemacari.com/All-Cars-for-Sale/_prod_F...
Shown as "under offer"
A word of caution!
At the moment the prices of just about all Ferrari's are climbing, and for cars like the 308/328 series they are rising rapidly (almost at a silly rate!).
People are just starting to get their confidence back in the financial markets and are starting to invest in such things as Ferrari's. For many, this will be seen as more of an investment rather than a genuine interest in owning the car. This is driving the values up, and as the cars get rarer in the market place, people are having to spend even more to get the car they want.
As a result of the interest being generated in the more popular models (308/328/355), the values of the less popular models (308 GT4/Mondial/348) are going up too, as the supply and demand situation takes effect.
This is all great for current owners as they are now sitting on a little goldmine that is currently making money faster than just about anything else!
For those looking to get on-board the Ferrari gravy-train, they need to do it ASAP due to the speed that the values are going up by.
So it's all good news? - Right?
For now, I'd say yes it is, but in the long run I can see things changing.
The "second hand" Ferrari market is very cyclic. It tends to have periods where the market remains a bit static and prices don't move by much, followed by periods of steady rises in interest/prices. This steady rise in interest/prices then tends to get noticed by speculators and investors who start to buy Ferrari's to make money on, generating rapid rises in interest/prices. This is sustainable for a while but eventually the market "tops out" and the prices tend to either settle at a level for a while or even fall back slightly.
This is still good news for owners, as the value of their car can now be double/triple or even quadruple what it was.
The problem comes when the confidence in the financial markets starts to falter. People start to see the Ferrari market start to drop and next thing you know, the market gets flooded with cars as "owners" try to sell their cars before the value is less than what they paid for the car. In a worse case scenario (confidence in the financial markets collapsing), the Ferrari market can collapse and suddenly, £100K cars are selling for £20K! (anybody else remember the late 80's/early 90's when 308 GTB/GTS'&328's were trading for £100K+ one day and the next day plummeted?).
For the genuine, long term owners, a market collapse is not really a big deal because they will keep the car regardless of market value - Basically the value is of no real relevance to them because they love the car.
For the casual temporary owners/speculators (Not just the big money investors! - I'm also talking about people who only plan to have the car for a couple of years, hoping to run it for nothing in the end or even make a few grand on the car due to rising prices), this can be a disaster! They can find themselves in a situation where they either have to take a massive hit on the car or, if they can afford to, put it into long term storage and ride out the storm.
By the same token, If you play the market right and have the cash available to buy a Ferrari when the prices drop/crash then you can get an absolute bargain!
Okay, I'm being a major doom-monger here and the chances of a complete Ferrari market melt down are slim - But we thought the same back in the late 80's/early 90's!: It was just never going to happen! - And then it did! - Overnight! (And we still haven't really learned the lessons from the past! - as the more recent financial difficulties have shown us!).
My concern for the market is based on the current rate that the prices are rising by!
As owners are already stating, the values of their car has almost doubled over the last 12 months!
The rate of price rise is not quite as rapid it was back in the late 80's, but the trend is very similar!
A couple of years ago I started saving to buy a 308 GTS/328 GTS. At that time you could pick up a nice example of either for @ £25K, and they stayed around that price for a long time. Then, just as I got close to being able to go ahead with a purchase, the prices went ballistic and simply out-ran Me! Suddenly, 328's were trading for @£45K and 308's for @£50K+.
In the same period, 348's were selling for @ £18K~£22K. Today they are £28K~£36K (and the £28K cars are getting harder to find!).
I suspect that the market will continue to rise for the next couple of years (possibly slowing down a bit in a years time), and then hopefully, will level out for a while.
However, if the financial markets suffer any kind of loss of confidence or collapse then the Ferrari market will also suffer!
At the moment the prices of just about all Ferrari's are climbing, and for cars like the 308/328 series they are rising rapidly (almost at a silly rate!).
People are just starting to get their confidence back in the financial markets and are starting to invest in such things as Ferrari's. For many, this will be seen as more of an investment rather than a genuine interest in owning the car. This is driving the values up, and as the cars get rarer in the market place, people are having to spend even more to get the car they want.
As a result of the interest being generated in the more popular models (308/328/355), the values of the less popular models (308 GT4/Mondial/348) are going up too, as the supply and demand situation takes effect.
This is all great for current owners as they are now sitting on a little goldmine that is currently making money faster than just about anything else!
For those looking to get on-board the Ferrari gravy-train, they need to do it ASAP due to the speed that the values are going up by.
So it's all good news? - Right?
For now, I'd say yes it is, but in the long run I can see things changing.
The "second hand" Ferrari market is very cyclic. It tends to have periods where the market remains a bit static and prices don't move by much, followed by periods of steady rises in interest/prices. This steady rise in interest/prices then tends to get noticed by speculators and investors who start to buy Ferrari's to make money on, generating rapid rises in interest/prices. This is sustainable for a while but eventually the market "tops out" and the prices tend to either settle at a level for a while or even fall back slightly.
This is still good news for owners, as the value of their car can now be double/triple or even quadruple what it was.
The problem comes when the confidence in the financial markets starts to falter. People start to see the Ferrari market start to drop and next thing you know, the market gets flooded with cars as "owners" try to sell their cars before the value is less than what they paid for the car. In a worse case scenario (confidence in the financial markets collapsing), the Ferrari market can collapse and suddenly, £100K cars are selling for £20K! (anybody else remember the late 80's/early 90's when 308 GTB/GTS'&328's were trading for £100K+ one day and the next day plummeted?).
For the genuine, long term owners, a market collapse is not really a big deal because they will keep the car regardless of market value - Basically the value is of no real relevance to them because they love the car.
For the casual temporary owners/speculators (Not just the big money investors! - I'm also talking about people who only plan to have the car for a couple of years, hoping to run it for nothing in the end or even make a few grand on the car due to rising prices), this can be a disaster! They can find themselves in a situation where they either have to take a massive hit on the car or, if they can afford to, put it into long term storage and ride out the storm.
By the same token, If you play the market right and have the cash available to buy a Ferrari when the prices drop/crash then you can get an absolute bargain!
Okay, I'm being a major doom-monger here and the chances of a complete Ferrari market melt down are slim - But we thought the same back in the late 80's/early 90's!: It was just never going to happen! - And then it did! - Overnight! (And we still haven't really learned the lessons from the past! - as the more recent financial difficulties have shown us!).
My concern for the market is based on the current rate that the prices are rising by!
As owners are already stating, the values of their car has almost doubled over the last 12 months!
The rate of price rise is not quite as rapid it was back in the late 80's, but the trend is very similar!
A couple of years ago I started saving to buy a 308 GTS/328 GTS. At that time you could pick up a nice example of either for @ £25K, and they stayed around that price for a long time. Then, just as I got close to being able to go ahead with a purchase, the prices went ballistic and simply out-ran Me! Suddenly, 328's were trading for @£45K and 308's for @£50K+.
In the same period, 348's were selling for @ £18K~£22K. Today they are £28K~£36K (and the £28K cars are getting harder to find!).
I suspect that the market will continue to rise for the next couple of years (possibly slowing down a bit in a years time), and then hopefully, will level out for a while.
However, if the financial markets suffer any kind of loss of confidence or collapse then the Ferrari market will also suffer!
4rephill said:
A word of caution!
At the moment the prices of just about all Ferrari's are climbing, and for cars like the 308/328 series they are rising rapidly (almost at a silly rate!).
People are just starting to get their confidence back in the financial markets and are starting to invest in such things as Ferrari's. For many, this will be seen as more of an investment rather than a genuine interest in owning the car. This is driving the values up, and as the cars get rarer in the market place, people are having to spend even more to get the car they want.
As a result of the interest being generated in the more popular models (308/328/355), the values of the less popular models (308 GT4/Mondial/348) are going up too, as the supply and demand situation takes effect.
This is all great for current owners as they are now sitting on a little goldmine that is currently making money faster than just about anything else!
For those looking to get on-board the Ferrari gravy-train, they need to do it ASAP due to the speed that the values are going up by.
So it's all good news? - Right?
For now, I'd say yes it is, but in the long run I can see things changing.
The "second hand" Ferrari market is very cyclic. It tends to have periods where the market remains a bit static and prices don't move by much, followed by periods of steady rises in interest/prices. This steady rise in interest/prices then tends to get noticed by speculators and investors who start to buy Ferrari's to make money on, generating rapid rises in interest/prices. This is sustainable for a while but eventually the market "tops out" and the prices tend to either settle at a level for a while or even fall back slightly.
This is still good news for owners, as the value of their car can now be double/triple or even quadruple what it was.
The problem comes when the confidence in the financial markets starts to falter. People start to see the Ferrari market start to drop and next thing you know, the market gets flooded with cars as "owners" try to sell their cars before the value is less than what they paid for the car. In a worse case scenario (confidence in the financial markets collapsing), the Ferrari market can collapse and suddenly, £100K cars are selling for £20K! (anybody else remember the late 80's/early 90's when 308 GTB/GTS'&328's were trading for £100K+ one day and the next day plummeted?).
For the genuine, long term owners, a market collapse is not really a big deal because they will keep the car regardless of market value - Basically the value is of no real relevance to them because they love the car.
For the casual temporary owners/speculators (Not just the big money investors! - I'm also talking about people who only plan to have the car for a couple of years, hoping to run it for nothing in the end or even make a few grand on the car due to rising prices), this can be a disaster! They can find themselves in a situation where they either have to take a massive hit on the car or, if they can afford to, put it into long term storage and ride out the storm.
By the same token, If you play the market right and have the cash available to buy a Ferrari when the prices drop/crash then you can get an absolute bargain!
Okay, I'm being a major doom-monger here and the chances of a complete Ferrari market melt down are slim - But we thought the same back in the late 80's/early 90's!: It was just never going to happen! - And then it did! - Overnight! (And we still haven't really learned the lessons from the past! - as the more recent financial difficulties have shown us!).
My concern for the market is based on the current rate that the prices are rising by!
As owners are already stating, the values of their car has almost doubled over the last 12 months!
The rate of price rise is not quite as rapid it was back in the late 80's, but the trend is very similar!
A couple of years ago I started saving to buy a 308 GTS/328 GTS. At that time you could pick up a nice example of either for @ £25K, and they stayed around that price for a long time. Then, just as I got close to being able to go ahead with a purchase, the prices went ballistic and simply out-ran Me! Suddenly, 328's were trading for @£45K and 308's for @£50K+.
In the same period, 348's were selling for @ £18K~£22K. Today they are £28K~£36K (and the £28K cars are getting harder to find!).
I suspect that the market will continue to rise for the next couple of years (possibly slowing down a bit in a years time), and then hopefully, will level out for a while.
However, if the financial markets suffer any kind of loss of confidence or collapse then the Ferrari market will also suffer!
so what did you buy in the end then ??At the moment the prices of just about all Ferrari's are climbing, and for cars like the 308/328 series they are rising rapidly (almost at a silly rate!).
People are just starting to get their confidence back in the financial markets and are starting to invest in such things as Ferrari's. For many, this will be seen as more of an investment rather than a genuine interest in owning the car. This is driving the values up, and as the cars get rarer in the market place, people are having to spend even more to get the car they want.
As a result of the interest being generated in the more popular models (308/328/355), the values of the less popular models (308 GT4/Mondial/348) are going up too, as the supply and demand situation takes effect.
This is all great for current owners as they are now sitting on a little goldmine that is currently making money faster than just about anything else!
For those looking to get on-board the Ferrari gravy-train, they need to do it ASAP due to the speed that the values are going up by.
So it's all good news? - Right?
For now, I'd say yes it is, but in the long run I can see things changing.
The "second hand" Ferrari market is very cyclic. It tends to have periods where the market remains a bit static and prices don't move by much, followed by periods of steady rises in interest/prices. This steady rise in interest/prices then tends to get noticed by speculators and investors who start to buy Ferrari's to make money on, generating rapid rises in interest/prices. This is sustainable for a while but eventually the market "tops out" and the prices tend to either settle at a level for a while or even fall back slightly.
This is still good news for owners, as the value of their car can now be double/triple or even quadruple what it was.
The problem comes when the confidence in the financial markets starts to falter. People start to see the Ferrari market start to drop and next thing you know, the market gets flooded with cars as "owners" try to sell their cars before the value is less than what they paid for the car. In a worse case scenario (confidence in the financial markets collapsing), the Ferrari market can collapse and suddenly, £100K cars are selling for £20K! (anybody else remember the late 80's/early 90's when 308 GTB/GTS'&328's were trading for £100K+ one day and the next day plummeted?).
For the genuine, long term owners, a market collapse is not really a big deal because they will keep the car regardless of market value - Basically the value is of no real relevance to them because they love the car.
For the casual temporary owners/speculators (Not just the big money investors! - I'm also talking about people who only plan to have the car for a couple of years, hoping to run it for nothing in the end or even make a few grand on the car due to rising prices), this can be a disaster! They can find themselves in a situation where they either have to take a massive hit on the car or, if they can afford to, put it into long term storage and ride out the storm.
By the same token, If you play the market right and have the cash available to buy a Ferrari when the prices drop/crash then you can get an absolute bargain!
Okay, I'm being a major doom-monger here and the chances of a complete Ferrari market melt down are slim - But we thought the same back in the late 80's/early 90's!: It was just never going to happen! - And then it did! - Overnight! (And we still haven't really learned the lessons from the past! - as the more recent financial difficulties have shown us!).
My concern for the market is based on the current rate that the prices are rising by!
As owners are already stating, the values of their car has almost doubled over the last 12 months!
The rate of price rise is not quite as rapid it was back in the late 80's, but the trend is very similar!
A couple of years ago I started saving to buy a 308 GTS/328 GTS. At that time you could pick up a nice example of either for @ £25K, and they stayed around that price for a long time. Then, just as I got close to being able to go ahead with a purchase, the prices went ballistic and simply out-ran Me! Suddenly, 328's were trading for @£45K and 308's for @£50K+.
In the same period, 348's were selling for @ £18K~£22K. Today they are £28K~£36K (and the £28K cars are getting harder to find!).
I suspect that the market will continue to rise for the next couple of years (possibly slowing down a bit in a years time), and then hopefully, will level out for a while.
However, if the financial markets suffer any kind of loss of confidence or collapse then the Ferrari market will also suffer!
slf2012 said:
Jonty355 said:
I have mine at an agreed value of £30k (although probably worth more now) for a GTBi but I only pay £239 with A PLan insurance. They're on the FOC website. Worth a try?
Apologies in advance for my ignorance, but when you state GTBi, you are referring to a hard top non-carb car? Therefore 86-onwards?If you are prepared to part with your car for 30k then please send me your phone number!!
There were only 1,300 GTBs against 6,000 GTSs, and the GTBs were probably better driving cars. Coupled with the reduced production numbers, some of the GTBs would have been raced, and therefore written off, meaning less were available now.
I would hazard a guess that your car would be in excess of 60-70k.
If value goes on rarity then technically this should be worth the most as there are less GTBi cars than any other model, including glass cars! Just 494 of which only 47 were RHD. Mine may be the only one supplied RHD in Silver. However values were originally low because the 2 valve injection cars were down on power. 214bhp compared to 240bhp Carbs and 255bhp QV's.
Nmj said:
we disagree on this matter as you know 
Well, you are a trader and thus have a vested interest I guess...even allowing for the fact that you have a 308 in your personal collection. Andy in any event, I am talking about the rise in prices of the less desirable example of any marque and the effect that a tightening of liquidity has on the investors who jump on the bandwagon by buying these cars.rubystone said:
Well, you are a trader and thus have a vested interest I guess...even allowing for the fact that you have a 308 in your personal collection. Andy in any event, I am talking about the rise in prices of the less desirable example of any marque and the effect that a tightening of liquidity has on the investors who jump on the bandwagon by buying these cars.
yes i am a dealer (not a trader) and before i left the network i owned a 328 for 4 years and then went to a 308 carb early last year , hardly a collection !! however my interest is not just on the fact i am a dealer , anyway a good dealer will make money in a rising market and also a falling market !!! as any good business should be able to , but i do certainly agree with some of the comments made sng45 said:
This didn't take long to sell
http://www.joemacari.com/All-Cars-for-Sale/_prod_F...
Shown as "under offer"
How much was it on for. I tried buying one in this colour for years and never managed to trace one.http://www.joemacari.com/All-Cars-for-Sale/_prod_F...
Shown as "under offer"
erics said:
bertie said:
Nick Cartwright has 2 328s in at the moment that both look as nice and are less I believe.
Yup, but they are not blue and they are POA which is really annoying.Go and try to find a clean 328 gts in black or blue... Good luck!
No plans to let my high spec Chiaro Blue one go ever.
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