Discussion
Ladies and gents,
Having just spent the last week with a stunning Prancing Pony 328 GTS around the Highlands and North Wales I am sorely tempted to bite the bullet and get one but is it just me or have prices gone a bit crazy over the past few months? I've kept half an eye on prices for quite some time and it seems that the dealers now are trying to push asking prices for good ones to the £40k mark and beyond with garage queens going for £50k+.
Is there anyone on here in the know able to say whether these prices are actually being realised? My gut instinct says that we're in a bubble as they have shot up so quickly and perhaps I should sit back and wait but my heart keeps shouting buy buy buy before they disappear well outside my price range!!!
I'd really appreciate some more thoughts.
Cheers
Having just spent the last week with a stunning Prancing Pony 328 GTS around the Highlands and North Wales I am sorely tempted to bite the bullet and get one but is it just me or have prices gone a bit crazy over the past few months? I've kept half an eye on prices for quite some time and it seems that the dealers now are trying to push asking prices for good ones to the £40k mark and beyond with garage queens going for £50k+.
Is there anyone on here in the know able to say whether these prices are actually being realised? My gut instinct says that we're in a bubble as they have shot up so quickly and perhaps I should sit back and wait but my heart keeps shouting buy buy buy before they disappear well outside my price range!!!
I'd really appreciate some more thoughts.
Cheers
It is the best cheap ferrari to own and the prices are reflecting that. mine featured in last years classic and sports car buy a cheap ferrari article. (august ed I think) Like the 308's in general they are fairly cheap to run and maintain. I had noticed prices going higher in particalr for low mileage garage queens. As these cars are now at least 22 years old low mileage ones will be rarer and rarer. They attract a a particular type of buyer who will pay a 'premium' for a mint car. Sadly these cars are very unlikely ever to be driven as intended as like all non driven cars they collect lots of faults through non use and become a potential liability if driven properly.
Money has been pouring into classic cars of late and I think this time round it's real money not borrowed money so prices are more stable and less likely to go wild.
Also due to the weak pound a lot of these cars are going abroad holding prices firm.
If looking for a good car go to a good dealer. Suggest Mike Wheeler of Rardley. Sold ONLY ferraris for 25 year and doesnt sell scrap or crap
Paul
xx
Money has been pouring into classic cars of late and I think this time round it's real money not borrowed money so prices are more stable and less likely to go wild.
Also due to the weak pound a lot of these cars are going abroad holding prices firm.
If looking for a good car go to a good dealer. Suggest Mike Wheeler of Rardley. Sold ONLY ferraris for 25 year and doesnt sell scrap or crap
Paul
xx
paulqv said:
It is the best cheap ferrari to own and the prices are reflecting that. mine featured in last years classic and sports car buy a cheap ferrari article. (august ed I think) Like the 308's in general they are fairly cheap to run and maintain. I had noticed prices going higher in particalr for low mileage garage queens. As these cars are now at least 22 years old low mileage ones will be rarer and rarer. They attract a a particular type of buyer who will pay a 'premium' for a mint car. Sadly these cars are very unlikely ever to be driven as intended as like all non driven cars they collect lots of faults through non use and become a potential liability if driven properly.
Money has been pouring into classic cars of late and I think this time round it's real money not borrowed money so prices are more stable and less likely to go wild.
Also due to the weak pound a lot of these cars are going abroad holding prices firm.
If looking for a good car go to a good dealer. Suggest Mike Wheeler of Rardley. Sold ONLY ferraris for 25 year and doesnt sell scrap or crap
Paul
xx
good advice here, I loved both my 328's and they really are a joy to own. Prices are definitely on the up, I sold my last one (nr mint condition and circa 30k miles) around 14 Months for £33k, reckon it could go for £38k to £40k nowMoney has been pouring into classic cars of late and I think this time round it's real money not borrowed money so prices are more stable and less likely to go wild.
Also due to the weak pound a lot of these cars are going abroad holding prices firm.
If looking for a good car go to a good dealer. Suggest Mike Wheeler of Rardley. Sold ONLY ferraris for 25 year and doesnt sell scrap or crap
Paul
xx
Thanks for the input guys, very helpful. With regards to long term values what are peoples thoughts on whether it should be ABS or Pre ABS? I've only had experience of Pre ABS and for me the brakes were absolutely fineso that isn't an issue but I realise that as time goes by people have a habit of leaning towards one particular option with values on the other being hit.
rubystone said:
paulqv said:
Usual rule with Ferrari is, the last cars are the best built! Think it is a choice/gamble on which one!
Paul
xx
Generally true, but I really love the Fibreglass 308s for their purity.Paul
xx
Cactussed said:
Pre-ABS have nicer wheels.
Here's a cheap one, http://www.rdsalvage.co.uk/detail/FERRARI%20328%20...
What a shame?
I had a look at a couple recently, and I would say that some of the prices assume the car being revamped before sale, not the condition they are actually in now. I guess that dealers won't incur the costs if car is going to sit for a while, but you can probably get a good deal if you will take 'as is', and then make your own decisions on what and when to sort.
There's one lowish mileage in the classifieds at the moment for high 30s, which in reality you could buy for £30k (and that was without haggling!), in actual current condition, rather than the condition it would be in if you gave them £38k and was prepared to wait while they brought it up to that level!
There's one lowish mileage in the classifieds at the moment for high 30s, which in reality you could buy for £30k (and that was without haggling!), in actual current condition, rather than the condition it would be in if you gave them £38k and was prepared to wait while they brought it up to that level!
Some very good comments here.
It's hard to recommend buying now or not, because nobody really knows where things are going. What I am prepared to stick my neck out for, is that in the past there have been many people who decided not to buy because they were waiting for prices to return only to find they never did.
My personal feeling is that 328 prices are very likely to keep on rising, albeit more slowly than in recent years. But there's a catch: good ones will keep rising, bad ones will fall. The buying public is getting more knowledgeable and they want a good car. Restoring a 328GTS is, like any Ferrari, expensive and so this will not be a viable option if you want to shift the car later.
My advice: get one, and find one of the best. Very, very likely the car will be worth more later. But if not, you will have suffered minimal depreciation, and had a b
cks load of fun! I love 328's. They're pretty, have the Ferrari blood coursing through their veins, a nice sound, lovely handling and easy and cheap to maintain (for a Ferrari). My brother owned one and it was my first Ferrari experience. I've driven and owned quite a few Ferraris now, but the 328GTS still makes me smile. You won't regret it! Just don't expect a modern car - it is not.
Onno
It's hard to recommend buying now or not, because nobody really knows where things are going. What I am prepared to stick my neck out for, is that in the past there have been many people who decided not to buy because they were waiting for prices to return only to find they never did.
My personal feeling is that 328 prices are very likely to keep on rising, albeit more slowly than in recent years. But there's a catch: good ones will keep rising, bad ones will fall. The buying public is getting more knowledgeable and they want a good car. Restoring a 328GTS is, like any Ferrari, expensive and so this will not be a viable option if you want to shift the car later.
My advice: get one, and find one of the best. Very, very likely the car will be worth more later. But if not, you will have suffered minimal depreciation, and had a b
cks load of fun! I love 328's. They're pretty, have the Ferrari blood coursing through their veins, a nice sound, lovely handling and easy and cheap to maintain (for a Ferrari). My brother owned one and it was my first Ferrari experience. I've driven and owned quite a few Ferraris now, but the 328GTS still makes me smile. You won't regret it! Just don't expect a modern car - it is not.Onno
JazzyO said:
My advice: get one, and find one of the best. Very, very likely the car will be worth more later. But if not, you will have suffered minimal depreciation, and had a bcks load of fun! I love 328's. They're pretty, have the Ferrari blood coursing through their veins, a nice sound, lovely handling and easy and cheap to maintain (for a Ferrari). My brother owned one and it was my first Ferrari experience. I've driven and owned quite a few Ferraris now, but the 328GTS still makes me smile. You won't regret it! Just don't expect a modern car - it is not.
Yes, you'd think the best 328s are likely to keep rising? They're the best of both worlds.cks load of fun! I love 328's. They're pretty, have the Ferrari blood coursing through their veins, a nice sound, lovely handling and easy and cheap to maintain (for a Ferrari). My brother owned one and it was my first Ferrari experience. I've driven and owned quite a few Ferraris now, but the 328GTS still makes me smile. You won't regret it! Just don't expect a modern car - it is not.If I had £40k, it would be this one:
http://www.pistonheads.com/sales/2158134.htm
There must be worse things you could do with the money?
God, 328s are just achingly beautiful 
A 328 GTS is about the only thing that could get me out of my 355 I think. Who knows, maybe one day I'll have the money to own both <wistfullook>
ETA: is anyone here with a 328 going to BTaP? If so, could I trade passenger rides with you?
A 328 GTS is about the only thing that could get me out of my 355 I think. Who knows, maybe one day I'll have the money to own both <wistfullook>ETA: is anyone here with a 328 going to BTaP? If so, could I trade passenger rides with you?
Edited by Mario149 on Wednesday 3rd November 08:53
I bought mine 3 years ago and its funny how perceptions of the car have changed. At the time, it was just a car that just happended to fit the bill, ie, weekend toy, but it could have been one of a number of cars. At the time they were just considered as cheap entry to Ferrari ownership. 355s (which I was also looking at) were £50k-£60k and 360s £65k up. Maybe its the attention the 328 is getting now, but I seem to appreciate mine more than I did back then...
Edited by Aero8 on Wednesday 3rd November 14:55
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