Ferrari 348 buying advice please
Discussion
If you're talking about a proper convertible, then go with that as they were made in very low nombers near the end of the run. Bit more powerful and lots of niggles ironed out.
If you're talking about a TS though (targa), then I would strongly advise against. The panels squeak, cream, and leak. And when you do have them out, they sit behind the seats and destroy your legroom.
My Berlinetta was a great car by the way. Nothing sounded as good. Now sadly exported to Australia.
If you're talking about a TS though (targa), then I would strongly advise against. The panels squeak, cream, and leak. And when you do have them out, they sit behind the seats and destroy your legroom.
My Berlinetta was a great car by the way. Nothing sounded as good. Now sadly exported to Australia.
jtremlett said:
A 348 is not an investment. I adore mine - had it for more than 15 years. But they aren't cheap to run and you aren't going to make money out of owning one. So either buy one to use and enjoy it or don't buy one at all.
Jonathan
^^ THIS ^^Jonathan
I've had 2 and personally love them! Cracking little car, mini Testarossa looks, drives great (don't listen to the bandwagon jumpers who say otherwise - one of the best for steering feel out there), sounds good - what's not to like.
However prices have not / never really moved so unless you know that the market for these is about to go crazy stay away for investment and buy to enjoy the miles.
- To add, if you want to have fun I had both the TB and TS, enjoyed the TS much more as gave the best of both worlds.
Edited by Slickhillsy on Wednesday 9th September 14:29
Slickhillsy said:
.....However prices have not / never really moved so unless you know that the market for these is about to go crazy stay away for investment and buy to enjoy the miles......
I can only assume you've been asleep for the last 5 years plus!Edited by Slickhillsy on Wednesday 9th September 14:29
5 years ago RHD 348 TB's & TS' were selling for £18K~£23K and had been for years on end.
Then a couple of years ago they started to move upwards to £22K~£25K.
Last May you needed @ £28K~£33K to get yourself a RHD 348 (I know this to be true because I bought My 1990 348 TS from a very well known Ferrari Specialist for £33K last May, when all the £28K, £30K, £32K cars were sold already when I rang up about them!).
12 months down the road, I've just been offered £50K for My car (and there would be @ £5K+ of dealers commission on top that the buyer would have to pay, so that makes it a £55K car).
So that's an overall increase in value of £22K in the 12 months I've owned the car. If that's not a real move in value then I'd love to know what is!
However, I would say that the 348 has probably topped out now at @ £50K~£60K for the top end cars, and a price drop could come any time soon, so from an investment point of view I'd say: "Bad luck! - You've missed the boat!"
4rephill said:
I can only assume you've been asleep for the last 5 years plus!
5 years ago RHD 348 TB's & TS' were selling for £18K~£23K and had been for years on end.
Then a couple of years ago they started to move upwards to £22K~£25K.
Last May you needed @ £28K~£33K to get yourself a RHD 348 (I know this to be true because I bought My 1990 348 TS from a very well known Ferrari Specialist for £33K last May, when all the £28K, £30K, £32K cars were sold already when I rang up about them!).
12 months down the road, I've just been offered £50K for My car (and there would be @ £5K+ of dealers commission on top that the buyer would have to pay, so that makes it a £55K car).
So that's an overall increase in value of £22K in the 12 months I've owned the car. If that's not a real move in value then I'd love to know what is!
However, I would say that the 348 has probably topped out now at @ £50K~£60K for the top end cars, and a price drop could come any time soon, so from an investment point of view I'd say: "Bad luck! - You've missed the boat!"
+1. I bought a very good 348 for just under £30k about 4 years ago, when the price of average cars was around the £20-25k mark. I sold it 3 years ago for about the same. If I wanted to buy it back from it's current owner - despite the higher mileage it has now - I'm pretty sure the price would start with a "5".5 years ago RHD 348 TB's & TS' were selling for £18K~£23K and had been for years on end.
Then a couple of years ago they started to move upwards to £22K~£25K.
Last May you needed @ £28K~£33K to get yourself a RHD 348 (I know this to be true because I bought My 1990 348 TS from a very well known Ferrari Specialist for £33K last May, when all the £28K, £30K, £32K cars were sold already when I rang up about them!).
12 months down the road, I've just been offered £50K for My car (and there would be @ £5K+ of dealers commission on top that the buyer would have to pay, so that makes it a £55K car).
So that's an overall increase in value of £22K in the 12 months I've owned the car. If that's not a real move in value then I'd love to know what is!
However, I would say that the 348 has probably topped out now at @ £50K~£60K for the top end cars, and a price drop could come any time soon, so from an investment point of view I'd say: "Bad luck! - You've missed the boat!"
It's not the case that 348s "might" increase like 360s have as somebody else has suggested. I'd say the 348 has increased more in the last couple of years than most, relatively speaking.
The time to buy was a couple of years ago, although I think few people would have expected the sharp rise. I liked mine a lot - but I have to say, I wouldn't want one at todays prices.
Bo_apex said:
As an investment? You're going to need to pay at least 50-60k now for a decent rhd model. Will they go up further? Who knows? Running these will eat into that anyway £700-800 annual service and cam belts every 3 years at a cost about £1600-3k(depending on independent or dealer).
Buy because you want one, if you walk away years later breaking even its a bonus. Depreciation is not like buying a new car though.
As for living with one. They are great fun, it's not a modern car and doesn't pretend to be. That brings a lot of appeal. They drive really well with correct geometry set up.
Be mindful that most are now approaching 25yrs old. They will all need something doing/tinkering with. Such things that are cropping up are bushes/fuel pipes/coolant hoses. Age related perishables rather than failing.
Buy on condition, good history and get an inspection. A lot can easily be missed.
Gratuitous photo davek_964
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