Why did this 348 sell for only $25,000? | Page 2 | FerrariChat

Why did this 348 sell for only $25,000?

Discussion in '348/355' started by ohio1121, Nov 8, 2018.

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  1. NeuroBeaker

    NeuroBeaker Advising Moderator
    Moderator

    Oct 1, 2008
    38,744
    Huntsville, AL., USA
    Full Name:
    Andrew
    I've been kept busy in F1. :oops:

    It's the one that came up for me in the OP link. I was preserving it before eBay removed the expired advert. What car came up for you?

    All the best,
    Andrew.
     
  2. PaulK

    PaulK F1 Rookie
    Silver Subscribed

    Apr 24, 2004
    4,603
    Michigan
    Full Name:
    Paul
    Apparently... That one...

    I swear it was a different one! Sorry!
     
  3. NeuroBeaker

    NeuroBeaker Advising Moderator
    Moderator

    Oct 1, 2008
    38,744
    Huntsville, AL., USA
    Full Name:
    Andrew
    o_O You were distracted by your 355 beckoning you from the garage, weren't you?

    "Paul, drive me!"

    "I can't, it's winter."

    "Go on, I'm ready!"

    "No, baby, no... it's not safe, it's salty out there..."

    "Awww..."

    :D

    Maybe I'm the one cracking up... :oops:

    All the best,
    Andrew.
     
  4. FSM348

    FSM348 Formula Junior
    Silver Subscribed

    Feb 13, 2017
    469
    Midwest
    Full Name:
    Dan Smith
    Holy hell. I would have bought it in a second.
     
  5. Whisky

    Whisky Two Time F1 World Champ
    Silver Subscribed

    Jan 27, 2006
    25,293
    Upper Great Plains
    Full Name:
    The original Fernando
    Or they just simply don't want the hassle of dealing with buyers.

    If it was a divorce, then her Attorney would be all over this, questioning as to why the
    other party would sell it so cheap, short-changing his client in the process.
     
    BT likes this.
  6. Jakuzzi

    Jakuzzi Formula 3

    Mar 26, 2005
    2,072
    PR, TX, GV
    Full Name:
    Jaime
    Fixed it for you. ;)
     
  7. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    But some force you to liquidate within a very short time for "division of marital assets".
     
  8. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister

    while not the norm or my original plan, I bought one owned it for 4 years and sold it for $7K more than I paid and only put $800 worth of tires into it. No, not particularly proud of my deadbeat stint as it's owner, but it didn't cost me much annually to run it ;)
     
    steved033 likes this.
  9. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    75
    Image Unavailable, Please Login Hi, I purchased this car. It runs and drives great but was indeed in need of a major ect....badly. I have started a build page on face book
    https://www.facebook.com/groups/2059778644080591/
    I have been upgrading the car since I got it home. New custom wheels were built for it, H&R springs added and now the engine is out getting all new parts.
    Feel free to follow along on the build page. The car itself is fine but for the mileage does need some tending to. The rear grille on the lights was broken so I also replaced it. Ricambi did get a new seatbelt for it for me a long with timing belt ect....I hope to have it put back together after the holiday and waiting on parts.
    Thanks
    Albert
     
    WJHMH, sammysaber, steved033 and 8 others like this.
  10. nismodrifter

    nismodrifter Formula Junior

    Jun 11, 2008
    528
    YYC/YVR
    Full Name:
    Navdeep
    Well done!!
     
    VBTURBO2 likes this.
  11. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    15,983
    Menlo Park, CA
    Full Name:
    Paul Chua
    holy smokes, well done sir!! welcome and keep us updated.

    Cheers
     
    VBTURBO2 likes this.
  12. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    75
    I had a 348tb I sold a few years ago and just missed having a Ferrari. I drove a few of my friends cars 355, 430, and a 458 (out of my price range) and just missed the feeling of Driving a car not the car driving me. So while looking for a new toy I decided to go back to the raw feel of a 348. After looking for a couple weeks this one popped up so I grabbed it. I didn't care what it needed, I figured at this price who cares.
    Glad to be back behind the wheel (or soon enough).
    Image Unavailable, Please Login
     
  13. nismodrifter

    nismodrifter Formula Junior

    Jun 11, 2008
    528
    YYC/YVR
    Full Name:
    Navdeep
    Wheel setup looks amazing. Specs?
     
    Pangea likes this.
  14. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    75
    Thank you, I had them custom built. 18x8.5 and 18x10.5 I can get more, it normally takes about 4 weeks to get a set.
     
    crinoid likes this.
  15. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Wow, that's impressive looking!
     
  16. carnutdallas

    carnutdallas Formula 3
    Rossa Subscribed

    Nov 11, 2010
    1,685
    Dallas Burbs
    Full Name:
    Rob
    Man, those wheels are spectacular! They might look great on my 355?!?


    Sent from my iPad using Tapatalk
     
    VBTURBO2 likes this.
  17. crinoid

    crinoid F1 Veteran
    Silver Subscribed

    Apr 2, 2005
    9,414
    Full Name:
    LaCrinoid
    Are they from a Texas company ?
     
  18. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    75
    No ,from a local company BCforged wheels.
     
    crinoid likes this.
  19. Outrun

    Outrun Karting

    That looks great, congratulations for having the balls of steel required to take on an un-inspected older car. Top man!
     
    VBTURBO2 likes this.
  20. rmani

    rmani F1 Veteran
    Owner Silver Subscribed

    Nov 1, 2003
    7,299
    NJ
    Full Name:
    RMani
    348 still looks so good. shame the performance never matched the style.
     
  21. steved033

    steved033 F1 Veteran
    Owner Silver Subscribed

    Apr 12, 2017
    7,676
    Atlanta, GA
    Full Name:
    Steve D.
    Great buy! thanks for the ADD on FB.

    sjd
     
    VBTURBO2 likes this.
  22. bjwhite

    bjwhite F1 Rookie

    Mar 17, 2006
    4,676
    Seattle, WA
    Full Name:
    Brian White
    For the era though, it did.
     
  23. Ferrarium

    Ferrarium F1 Veteran
    Rossa Subscribed

    Jul 28, 2018
    5,624
    Central NJ
    Full Name:
    Eric
    ugh.... Ok I'll bite by what standard? One has to look at the time period.
    If you judge by HP then few things are as awesome as a crappy Mopar Hell Cat.
    0-60 times? Subarus can do better than a F40 did, that those did not perform?
    I can go buy 2004 Mitsubishi EVO right now throw a gt30 on it with a tune for less than 10K and turn the same lap times lap times on a closed circuit as a 430 and absolutely spank it if wet. That means a 430 does not perform?

    The 348 was and is great. The market crashed when it came out and people could not count on buying and flipping and making money so it stopped selling and developed a bad rep. Years later the same rags that trashed the early 348 positively gushed at the Spider. The markets recovered. The 348 suffered some issues but the biggest was the timing of the release. Car rags just echo market sentiment.

    The 348 was and is great. Better looking Ferrari's? Have not seen it yet.
     
  24. sammysaber

    sammysaber Formula Junior

    Dec 21, 2011
    553
    My friend had 2 while I had a 928gt - after driving them I thought that my GT matched the performance - my thoughts were quickly dismissed as those of a jealous person :D

    Beautiful car and well done to the buyer :)

    Wheels look great as well - on the main board in the news section where I saw the thread the car has 355 style back lights - looks great as it is and hope the new owner has many years of enjoyment :cool:

    Best,
    Sammy
     
    VBTURBO2 likes this.
  25. Whisky

    Whisky Two Time F1 World Champ
    Silver Subscribed

    Jan 27, 2006
    25,293
    Upper Great Plains
    Full Name:
    The original Fernando
    Yes, but not at a huge loss as compared to market value.

    If I was getting a divorce, could I sell my 355 to my best friend for 25K, give her 12.5K, and buy it back for 25K, a 12.5K loss but I am able to keep my car?
     

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