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Are 50k TR's in our near future??

Discussion in 'Boxers/TR/M' started by gsworld2014, Jan 29, 2016.

  1. gsworld2014

    gsworld2014 Formula 3

    Dec 23, 2014
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    I asked the question to see opinion. I honestly did not expect hostility that I got from some of the posters. I'm a Ferrari owner and will always be one. I agree about he 80's when I was a kid I had one on my wall lol.

    You own a testarossa, right? Would you love it any less if it was worth 50k? Probably not.

    that's why I don't understand the hostility in some of the posts, So intent on proving they are correct.
     
  2. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
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    Then why are you in this section and why are you asking such an inflammatory question?
     
  3. ttforcefed

    ttforcefed F1 World Champ
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    I like combatting nonsense when i see it. You were throwing sand into a sand box you have no interest playing in. Its rather obvious. My initial response listed some data points from the auctions and asked you to substantiate your question. You weren't able to respond with a thoughtful/substantial answer.

    my response to you other post which was 2 mins behind this one in a different thread:

    "you posted here at 11:23am eastern and then you created a new thread at 11:25am with the same title. Maybe I'm not understanding how these boards work or what you 2 posts were inquiring. So can you help me? In 120 seconds you make 2 posts about 50K TRs. To anyone with a 5th grade reading level that's rather specific I wld say. You cld have posted in the general forum or in one of the other 3 auction threads or one of the other 50 bubble threads but instead you come to the TR subforum and post that twice. In your sister thread you go on to state you weren't a buyer of TRs at 50k and you aren't a buyer at 150K so what are you doing posting that here? you don't have skin in the game. You aren't a buyer and haven't been one. So you are trolling? Or did we misinterpret your post? were you in fact trying to engage in a debate regarding geopolitical issues? interest rate forecast for the rest of 2016? "
     
  4. Newman

    Newman F1 World Champ
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    Trolling
     
  5. boxerman

    boxerman F1 World Champ
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    Car prices shot up unreasonably, along with a whole host of asetts creating mini bubbles due to cheap money. Now it is recorrecting. Some people jumped on a bandwagon of prices always going up. Others got drunk on huge increses.

    When the dust settles Testarossas will be worth more than before, as they should be, but will not be huge price cars. My guess is real prices are somewhere between the high 90's and low 120's for nice cars.

    Along the way with the price increases a lot of cars got defrerd maintanace done, and heavy work done. Cars that would have been parted out got saved.

    In the next car cycle somewhere in the next decade( 2-10) years testarossas will climb again, they are out of old used car territory.

    Ultimately testraossas can go far, not only were they the icon of the 80s, but they have both some classic ferrari atributes and have things like ac that works. Its an eminently useable classic. Its stylimg while polarising will be to the 80s what a pink 57 caddy was to the 50s's. This will make testraossas appealing. Its also one of the few classics that could work somewhere like China.

    The long term trend for these cars can only be up. Maybe it takes two cycles, 20-30 years to get to 500k but thats where they are going.

    In the short term all those people thinking their testraossas are 175-250k cars are just giong to have to cool their jets in the area between 90 at the bottom and 150k at the very top.

    Just look on fleabay. We see 328s with asks over 100k and others which look to be similar with asks below 100k. Same with 308Qv's. Now I know not all cars are equal and puttign a car right is very expensive, but the market has changed. Right now its not going up for serial prodiction cars, its slowly deflating.

    Dealers report less sales overall in 15 than 14, that means inventory is building.

    Nice Testarosas have gone from 75-80k cars to 120K. Thats a 50% increase, a good place to stop and breathe.

    The only people who are unhappy are those who buy because they wnat a car as an appreciating asett, and get too little joy from the driving. Drive and enjoy, keep it anotehr 10-20 years and all your costs will be covered from appreciation.
     
  6. boxerman

    boxerman F1 World Champ
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    1991 Ferrari Testarossa | Arizona 2016 | RM Sotheby's

    Thats what the best one went for. So a ropey one that runs 75K at worst. And you know that it will cost more than 75K in work to try approcah the best one and can never get there.

    So yeah 120k for a really good one sounds right.

    50K for a running car sounds like dreaming, as does 175-200k for a great one.
     
  7. turbo-joe

    turbo-joe F1 Veteran

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    I totally agree
     
  8. MS250

    MS250 Two Time F1 World Champ
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    Actually, this piece is incorrect and a myth. The real problem was a majority of these cars were too low for to long to begin with and they were that GOOD of a car.

    A Dino , a boxer, 308 etc should have never been the initial low price it was , hence it allowed dreamers ( not enthusiasts ) into the cars with no budget to drive for years because the cars were built so well for the period. When those lucky people who got in had to now spend money after 3-5yrs of decent driving, the real sticker shock came in way of parts pricing etc.....

    Peopek think that the 3x growth price in the last 3 yrs is a bubble, when in fact, it's not because when those dreamers sold to the next owner, that owner started to spend money to drive ,maintence was still feasible to be an enthusiast for under a 100 grand. Now those people that have 100k+ in the car or over are selling for the correct price we see today. If they don't get it, most end up continuing to keep it now as opposed to "dumping the car"

    The only people crying about prices are the once stuck looking in - it's this entire socialist mentality that has taken over all over the world that it's someone's right to take or downgrade someone else's property so they can have it. Something like car wealth distribution :)

    Pricings are not softening, they are stabilizing , the ones that did well were the lucky ones that bought cheap, couldn't afford to service or maintain and sold at a profit. They should be celebrating that , not diminishing it.
     
  9. boxerman

    boxerman F1 World Champ
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    Why is it when someone sees price trelaity its diminishing something, does a car only have value if its price rises.
    Just look at asking prices at autions and fleabay. Unrealsitic. And there were lot of peopel thinking this was going to be the norm. And lots of people buying who had no intetion of really ever driving the car, or nay reall appreciation for what it is, otehr than the investment and showoff potential..

    How many adds do you now see that say this car or that car is a blue chip investment.

    Nothing to do with socialism, more to do with valuing the thing for what its truly is, not primarliy as an investment, but as motive art to enjoy for its own sake.

    Capitalism has its crass behaviour and overshoots. The crassness can be seen in your basic Mcmansion, someone spending a lot of $$$ for a house with cardboard walls and plastic pipes to impress, whereas the same $$$ in a slightly smaller house with design and imagination would make a much nicer house.

    Similarily while gov may have kicked off the suprime runup, it was unfettered captilaism that drove itself into the wall.

    No one is excorciating any of us for picking up less expensive property once the bubble burst. Nor can anyone think that the current runup in car prices was not partialy driven by central bank fiscal polices which have everything to do with financial enginereing and are far away form pure capitalism.

    Similarily cars may have been underpriced, and may now be overpriced due to the above factors. I agree some cars like TRs maynot be intrinsicaly overpriced, but in terms of capitalism, ie supply and demand they have been overprice hyped. For me aDino is overpriced, espcialy when you see what a 308 is worth.

    Its simple supply and demand. the higher prices have induced poeple to sell, bringing out more inventory. Somehwere along the way dealers and acution houses started beating a drum and it got overplayed. The question is by how much, and for how long and at what price do people hold inventory or fold. Thats capitalism as it applies to cars and its brutal.

    If you like a car buy it drive it. Dont debase the whole thing by turnign them into pure investments. Cars are art true, but they are motive art, part of their beauty is in the motion, and by motion I dont mean driving across a concors lawn.

    For those who bought at 100-120 thinking they were going to 200 tough noogies. Drive and enjoy, and if you cant enjoy through driving I have zero pity.
    If you bought a car you love driving then keep it, the nice thing about older ferraris is just like real estate sooner or later you get your money back. if you want it.

    You talk of capitalism. In pure capitalism markets crash without gettign bailed out. For those who have the $$$ and the balls thats when to buy, when no one else is. So maybe soem pure capitalist see cars as asetts and want the price to crash so they can play the inveitable up cycle all over gain..

    The car market is cyclical, has been for the past 40 years. Question, is this a big cycle correction or small one, no one knows. My sense is those that thought/hoped every year it would go up and overextended are hoping its just a blip, or are getting burned pretty hard.

    For those who saw prices rising too fast for whatever reason, (which is never good for market stability), may now have the opportunity to buy a car they really like at a price that is for sure higher than 4 years ago, but probably reasonable in context. Hopefully these peopel are motivated to buy for thing as it is rather than the $$, and that can only be good for the art of the hobby.

    For sure if car prices rise 2-30% every eyar they become asetts not for driving. So a topping and recorrecting of the cycle allows cars to remain as soemhtign to drive and savor. For that reason, I have no issue with pricss recorrecting. And as i said above the crazy runup meant a lot of cars got taken care of and saved, thats a good result form the largess of the cycle.

    None of this is unique, its the exact same motivations and patterns as happened to american muscle pre 07, now tht that got overplayed, the same players have runup classic euro iron. Prices will probably follow the same trajectory. tehtruly rare and exceptional will go intot heir own orbit(hemi cuda converticle, GTo etc) and the rest will settle by 20-30% while a more rational and reasoned buyer emerges. Lets call it a mature capitalist market.
     
  10. Todd308TR

    Todd308TR F1 Veteran
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    Mine may soon be for sale, I won't sell it for $50K though. LOL
    If they drop that low I'm buying another one.
     
  11. gsworld2014

    gsworld2014 Formula 3

    Dec 23, 2014
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    Not inflammatory ... I didn't say a TR sucks.... I said I think the market is in for a correction.

    If you love your car, who cares how much it's worth?? There are a few people mad here that really shouldn't be
     
  12. ttforcefed

    ttforcefed F1 World Champ
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    the question you aren't answering is if you haven't been and will never be a buyer of a TR why are you concerned with this topic? how is that unfair?
     
  13. gsworld2014

    gsworld2014 Formula 3

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    That is the answer!! Finally someone. Thank you. I was looking for a logica answer not the crazy "my car can't lose value" I think you are spot on.
     
  14. gsworld2014

    gsworld2014 Formula 3

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    As a person interested in all Ferrari I can be concerned with it.. We are still in America, right? At least I am..
     
  15. gsworld2014

    gsworld2014 Formula 3

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    Lol if your selling I hope they don't drop that low.. I think we are at the height of the market for s while.
     
  16. gsworld2014

    gsworld2014 Formula 3

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    Now that is a funny post!!! So if you comment on something being inflated you are a socialist?? Lmao. Nice one Captian!!
     
  17. gsworld2014

    gsworld2014 Formula 3

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    + 1
     
  18. DanielG

    DanielG Formula Junior

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    Times two
     
  19. 512man

    512man Formula Junior

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    +1
     
  20. gsworld2014

    gsworld2014 Formula 3

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    Nah, just want to engage in real conversation....
     
  21. gsworld2014

    gsworld2014 Formula 3

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    Nope.. Did not expect such a negative reaction from the TR owners and it was funny to see people upset about prices.. When real Ferrari enthusiasts do not care about how much the car is worth. They enjoy the drive!!
     
  22. Statler

    Statler F1 World Champ
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    Have you looked at the post histories of all the people you just said weren't real enthusiasts? Hahahahaha.
     
  23. barabba

    barabba Formula Junior

    Jun 7, 2007
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    Prices of TRs in Switzerland are going south and supply is accumulating. I wonder if the same fate will happen to 328s. I would like to trade-up my 328 for a TR. If the divide will get thinner (like it was until some time ago) I might be able to jump in.
     
  24. BaronM69

    BaronM69 Formula Junior
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    50k TRs are part of our near past
     
  25. vincenzo

    vincenzo F1 Rookie

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    #50 vincenzo, Jan 31, 2016
    Last edited by a moderator: Sep 7, 2017

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