The Lotus Cars Community banner

1 - 20 of 45 Posts

·
Vendor
Joined
·
6,305 Posts
Discussion Starter #1
I've got a potential lead on a Testarossa and am curious if the car is worth purchasing from a quasi investment standpoint. In general, these cars seem to be some of the cheapest to buy F cars out there... besides that awful 4 seater and some of the 308/328s/348s... I'm not really looking for a cheap F car, but finding a Ferrari model that's near the bottom of the depreciation cycle and that would be "cool" to own would be of interest...

So will the Testarossa ever increase in value or will this classic super car turn into Ferrari's version of the Esprit?????

I can see pricing on such places like Ebay, but are there certian things with the Testarossa that I should be looking for? The PO is compalining of 12-15k service bills, which doesn't sound good on one hand... but on the other, atleast he's servicing it:) I don't want to post on F-chat, as that baord is flooded with threads like this:rolleyes::D

Thanks!

Phil
 

·
Registered
Joined
·
1,208 Posts
Terry at George's had one in for a "major" the last time I was there. You might see if the owner will allow you to take a look for you?
 

·
Vendor
Joined
·
6,305 Posts
Discussion Starter #3
Terry at George's had one in for a "major" the last time I was there. You might see if the owner will allow you to take a look for you?
Shhh... That's likely the same one I'm looking at! ;)
 

·
Registered
Joined
·
1,328 Posts
My mechanic had one at his shop for some work. I was thoroughly un-impressed by the car. It's huge, gaudy as hell, and relatively slow for what it is. Sorry, not a Ferrari guy here...
 

·
Registered
Joined
·
840 Posts
Above post is correct as to size. These cars are HUGE..long and wide. Plus they scream 80s. I frankly don't understand the attraction, but to each his own.
 

·
Registered
Joined
·
7,115 Posts
from everything i have heard they are dogs - hence the lack of market value. and not cheap to keep running. one way to look at it is the car is a summary of all things that were wrong at ferrari in an era.

i am ok with the styling, you have to take it for what it is in its time and place.

i think there are better drivable investments in that price range
 

·
Registered
Joined
·
3,449 Posts
The flat twelve in the Testarossa is a maintenance whore. That's probably the biggest reason that those cars can be had for so cheap.

If five figure "maintenance" bills are the norm. I can't imagine what a repair bill would be if something went wrong.


.
 

·
Registered
Joined
·
11,221 Posts
The only appeal of the Testarossa, IMO, is the mid-mounted V12.

Only Ferrari snobs and ignoramuses see that alone as appealing. It's what it can actually do on the road that matters. :p


348s aren't as much of a handful to run in terms of cost (YMMV), they lack power steering, they share design elements with the Testarossa, they aren't bohemoths, and they do hold their value well. That'd be my pick. Now I shall brace myself for the barrage of comments about how unreliable 348s are, etc.
 

·
Banned
Joined
·
3,227 Posts
Phil

There is a member here (Jerry) who bought a TR few years ago from FL. That car was preserved in a bubble, and was immaculate. He also has an Elise, which was for sale here recently. I am sure he will respond to this thread when he sees it. I have seen the car in person, and it was nice, if 80s F cars are your thing.

If you want my opinion, buy the 512 TR, that is the best of the breed.

If you want entry level buy the 355. Stay away from the 348. 355>NSX>348. As with all Ferraris, maintenance records (engine out service) are crucial. If you look at 355s, PM me, I will give you a heads up on the headers/valve guide issues.

Personally I love the 550/575. Will park one of those in my garage for daily driving duty next year when I come back from England.

Good luck with the F car search.
 

·
Registered
Joined
·
11,221 Posts
Phil

There is a member here (Jerry) who bought a TR few years ago from FL. That car was preserved in a bubble, and was immaculate. He also has an Elise, which was for sale here recently. I am sure he will respond to this thread when he sees it. I have seen the car in person, and it was nice, if 80s F cars are your thing.

If you want my opinion, buy the 512 TR, that is the best of the breed.

If you want entry level buy the 355. Stay away from the 348. 355>NSX>348. As with all Ferraris, maintenance records (engine out service) are crucial. If you look at 355s, PM me, I will give you a heads up on the headers/valve guide issues.

Personally I love the 550/575. Will park one of those in my garage for daily driving duty next year when I come back from England.

Good luck with the F car search.

Why should he stay away from 348s? :shrug:
 

·
Registered
Joined
·
146 Posts
from everything i have heard they are dogs - hence the lack of market value. and not cheap to keep running. one way to look at it is the car is a summary of all things that were wrong at ferrari in an era.

i am ok with the styling, you have to take it for what it is in its time and place.

i think there are better drivable investments in that price range
All of the above with an emphasis on $$$ to keep running. If I recall, some major scheduled maintenance requires pulling the engine.

A friend had one. I have driven the Testarosa--fun--recall the power. My guess is that you can do better....
 

·
Registered
Joined
·
369 Posts
All of the above with an emphasis on $$$ to keep running. If I recall, some major scheduled maintenance requires pulling the engine.

A friend had one. I have driven the Testarosa--fun--recall the power. My guess is that you can do better....

The 348 is designed to have the engine pulled for servicing. There are 6 bolts to remove it and it takes 1/2 hour to pull.

I have been looking at 348s, actual drove 2 today. The last one I stumbed is silver one, the guy is selling it to remodel his kitchen, is the 2nd owner and bought it from a old man in Brentwood, which all all the sevices records and notes, tool box, manuals, and suit cases still in there orginal wrap. Pull he had ferrari star rim, he said he woulf throw in. Everything works, even tracking seat belts. Drove it through Stunt and Pima, everything felt tight. The 348 is reliable and low maintance as ferrari goes. I looked into the 355, but because this was a new engine the earlier models had value problems and lower mileage cars may have to have the engine update which can cost $20k.

I going through my research I found the following on one of the ferrari site, 348 and before appear to be maintaining or increasing in value, and the 355 and 360 appears to be decreasing in value.

http://www.ferrarimarketletter.com/pdf/3215 API.pdf

Pasted just in case the link does not pull, need to aline the models with the prices
2007 FERRARI MARKET LETTER ASKING PRICE INDEX
SIX MONTHS AGO ONE YEAR AGO TWO YEARS AGO
V. 32 N. 15 V. 32 N. 2 Change V. 31 N. 15 Change V. 30 N. 15 Change
250 GT PF Cabriolet Series II
250 GT PF Coupe
250 GTE 2+2
250 GT/L Berlinetta Lusso
330 GT 2+2, 2 & 4-Headlight
275 GTB, All Variations
275 GTS
330 GTC
330 GTS
275 GTB/4
365 GT 2+2
365 GTB/4 Daytona Berlinetta
365 GTB/4 Daytona Spyder
365 GTC/4
365 GT4 2+2
365 GT4/BB Berlinetta Boxer
400 5-Speed & Automatic
512 BB Berlinetta Boxer
400i 5-Speed & Automatic
512 BBi Berlinetta Boxer
Testarossa 1985-1987
Testarossa 1988-1991
412 5-Speed & Automatic
512 Testarossa
456 GT/GTA
F512 M
F50
550 Maranello
456M GT/GTA
550 Barchetta
575M Maranello
Enzo
Dino 246 GT
Dino 246 GTS
Dino 308 GT4
308 GTB Fiberglass
308 GTB
308 GTS
308 GTBi
308 GTSi
Mondial 8
308 GTB Quattrovalvole
308 GTS Quattrovalvole
Mondial Quattrovalvole Coupe
Mondial Quattrovalvole Cabriolet
288 GTO
328 GTB 1986-1988
328 GTB 1989
328 GTS 1986-1988
328 GTS 1989
3.2 Mondial Coupe
3.2 Mondial Cabriolet
F40
Mondial T Coupe
Mondial T Cabriolet
348 TB
348 TS
348 Spider
355 Berlinetta
355 GTS
355 Spider
360 Modena
360 Spider
Challenge Stradale
237,917 217,969 9.15% 236,132 0.76% 203,599 16.86%
156,733 129,427 21.10% 142,364 10.09% 77,914 101.16%
114,314 89,892 27.17% 90,063 26.93% 55,644 105.44%
391,240 334,516 16.96% 299,458 30.65% 288,237 35.74%
78,904 74,427 6.02% 72,372 9.03% 58,591 34.67%
456,250 344,117 32.59% 328,273 38.98% 320,086 42.54%
320,500 279,146 14.81% 231,283 38.57% 196,519 63.09%
207,724 170,488 21.84% 180,125 15.32% 116,714 77.98%
431,274 296,806 45.31% 297,455 44.99% 245,363 75.77%
714,304 592,921 20.47% 536,591 33.12% 499,009 43.14%
85,213 77,688 9.69% 76,974 10.70% 70,357 21.12%
313,786 255,776 22.68% 241,830 29.75% 142,674 119.93%
740,053 566,500 30.64% 534,455 38.47% 525,649 40.79%
113,741 86,787 31.06% 75,105 51.44% 64,376 76.68%
30,702 30,572 0.43% 33,861 -9.33% 28,666 7.10%
88,000 91,451 -3.77% 88,333 -0.38% 75,700 16.25%
24,056 24,320 -1.09% 24,920 -3.47% 24,437 -1.56%
76,867 64,274 19.59% 83,500 -7.94% 72,671 5.77%
28,330 29,471 -3.87% 29,334 -3.42% 26,048 8.76%
115,664 92,933 24.46% 92,917 24.48% 80,550 43.59%
62,977 51,434 22.44% 63,414 -0.69% 54,443 15.68%
72,306 67,497 7.12% 75,767 -4.57% 67,440 7.22%
40,111 39,210 2.30% 42,392 -5.38% 39,201 2.32%
108,535 103,843 4.52% 104,196 4.16% 99,006 9.62%
73,833 78,743 -6.24% 80,387 -8.15% 84,866 -13.00%
156,148 120,736 29.33% 131,547 18.70% 139,808 11.69%
499,529 603,378 -17.21% 638,111 -21.72% 581,617 -14.11%
118,661 120,609 -1.62% 125,793 -5.67% 128,707 -7.81%
110,516 105,016 5.24% 114,909 -3.82% 132,677 -16.70%
232,589 245,624 -5.31% 229,638 1.29% 256,794 -9.43%
167,401 173,350 -3.43% 176,068 -4.92% 189,461 -11.64%
1,029,545 1,051,686 -2.11% 1,038,258 -0.84% 1,071,032 -3.87%
135,822 89,454 51.83% 86,904 56.29% 67,129 102.33%
162,611 138,277 17.60% 106,000 53.41% 88,144 84.48%
25,450 24,970 1.92% 25,980 -2.04% 22,320 14.02%
49,312 45,024 9.52% 49,938 -1.25% 43,541 13.25%
32,592 27,146 20.06% 28,004 16.38% 25,682 26.91%
32,514 29,403 10.58% 29,050 11.92% 27,532 18.10%
32,597 28,260 15.35% 26,664 22.25% 26,719 22.00%
32,170 34,282 -6.16% 35,696 -9.88% 31,856 0.99%
22,978 21,256 8.10% 22,669 1.36% 20,921 9.83%
38,774 37,566 3.22% 35,936 7.90% 32,215 20.36%
38,951 39,015 -0.16% 40,702 -4.30% 37,821 2.99%
27,554 22,398 23.02% 21,486 28.24% 22,965 19.98%
29,630 27,403 8.13% 28,578 3.68% 27,635 7.22%
333,250 265,598 25.47% 266,667 24.97% 265,283 25.62%
41,291 40,988 0.74% 39,867 3.57% 40,108 2.95%
56,144 50,968 10.16% 47,500 18.20% 46,603 20.47%
45,510 43,033 5.76% 50,148 -9.25% 47,525 -4.24%
59,193 57,890 2.25% 59,094 0.17% 57,344 3.22%
29,467 28,249 4.31% 26,492 11.23% 26,772 10.07%
35,472 33,070 7.26% 31,975 10.94% 34,942 1.52%
367,979 329,802 11.58% 318,421 15.56% 310,963 18.34%
33,620 32,722 2.74% 34,830 -3.47% 32,886 2.23%
47,067 46,047 2.22% 48,427 -2.81% 47,002 0.14%
47,890 47,329 1.19% 46,694 2.56% 49,728 -3.70%
53,554 52,084 2.82% 58,438 -8.36% 53,795 -0.45%
67,601 67,089 0.76% 67,965 -0.54% 65,528 3.16%
80,245 75,948 5.66% 79,488 0.95% 78,531 2.18%
81,644 82,733 -1.32% 84,128 -2.95% 90,532 -9.82%
88,510 90,468 -2.16% 93,446 -5.28% 97,775 -9.48%
150,095 147,929 1.46% 149,518 0.39% 156,479 -4.08%
183,602 184,440 -0.45% 188,755 -2.73% 204,525 -10.23%
184,951 201,256 -8.10% 194,890 -5.10%

Just my 2 cents.
 

·
Vendor
Joined
·
6,305 Posts
Discussion Starter #16
The 348 is designed to have the engine pulled for servicing. There are 6 bolts to remove it and it takes 1/2 hour to pull.

I have been looking at 348s, actual drove 2 today. The last one I stumbed is silver one, the guy is selling it to remodel his kitchen, is the 2nd owner and bought it from a old man in Brentwood, which all all the sevices records and notes, tool box, manuals, and suit cases still in there orginal wrap. Pull he had ferrari star rim, he said he woulf throw in. Everything works, even tracking seat belts. Drove it through Stunt and Pima, everything felt tight. The 348 is reliable and low maintance as ferrari goes. I looked into the 355, but because this was a new engine the earlier models had value problems and lower mileage cars may have to have the engine update which can cost $20k.

I going through my research I found the following on one of the ferrari site, 348 and before appear to be maintaining or increasing in value, and the 355 and 360 appears to be decreasing in value.

http://www.ferrarimarketletter.com/pdf/3215 API.pdf

.

Thanks for the comments everyone... This pdf was a good reality check as well... I'm not looking for a lottery ticket here... just an interesting car to own that will hold and likely appreciate in value (sans maintainance costs of course;)). I don't plan on driving it much, more something to park in the garage and adore:D I've been eye-balling the 308/328s for a while as well. I can't seem to get excited about the 348s, although I understand what you guys are are saying about it... the 308/328 is a body style that I prefer (mush less 80's ish). I think that car would be worth more if it weren't for the magnum PI stigma:rolleyes:

Anyone else like the 308/328? Doesn't seem like it should get too much cheaper than it currently is... Hard finding a clean one though, since so many of them were drivers...

Thanks again!

Phil
 

·
Registered
Joined
·
4,451 Posts
Oy! Enzo would roll in his grave if he heard you didn't want to drive his cars :) this is from Wiki so take it with the requisite grain of salt, but....

Wikipedia said:
....Enzo Ferrari reluctantly built and sold his automobiles to fund the Scuderia [racing team]. While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers, most of whom he felt were buying his cars for the prestige and not the performance.
SRC: http://en.wikipedia.org/wiki/Ferrari#1947.E2.80.93present

....but back on topic, seems like most here will tell you to stay away from the (second) Miami Vice-mobile.
 

·
Registered
Joined
·
1,157 Posts
Anyone else like the 308/328? Doesn't seem like it should get too much cheaper than it currently is... Hard finding a clean one though, since so many of them were drivers...
I rented a 328GTS when I was in Hawaii years ago and though I wouldn't consider it a particularly fast car, but it was still reasonably quick and allot of fun for the day. Of course there is always the droolworthy soundtrack that nearly every F car will produce.

I remember the radio not working and there were a few interior panels that were screwed together with oddball screws in weird locations. I also recall a slight ticking noise in the engine bay just above idle, not horribly obvious but still noticeable. Again to be fair, this car was a rental.

Noble
 

·
insert clever title here
Joined
·
7,702 Posts
Above post is correct as to size. These cars are HUGE..long and wide. Plus they scream 80s. I frankly don't understand the attraction, but to each his own.
I think it's exactly that which will make this a potentially great investment. The Testarossa is the embodiment of the 80's supercar era, the only other comp is a Countach (IMO). It's got a big engine, large presence, really could be a good investment. As others pointed out, not a good choice for a 'driver'.

The only appeal of the Testarossa, IMO, is the mid-mounted V12.
Flat 12, not V-12.
 
1 - 20 of 45 Posts
Top