So, will testarossa’s EVER go up in value?

I'd suggest worry of service costs, but that hasn't stopped Countach appreciation.

 

No comment

 

Testarossa's HAVE gone up in value, just not as much as you think they should. In 2014 I paid 65K for a 1990 with 14K miles. Six months later i bought another for 60K, but it was really disassembled. I'm sure both of these are worth more than 100K. At the same time I bought my first car- a WHITE one was for sale in Central California for 39K. It was NOT as nice but still 39K- what a deal. That was in 2014- ten years ago.

It IS hard to understand why it's a rare Testarossa that sells for MORE than they cost new. Only the really low mileage TR's manage to eke out their new prices. They depreciated a tremendous amount and are taking longer to gain back value. I have a 3000 mile car, purchased two years ago. that if I wanted to make money, I'd be better off having it in the bank drawing five percent interest. With the Ferrari Chat Testarossa section, we MAY be shooting ourselves in the foot, ,complaining about exploding differentials. I've kept the Testarossa's I've purchased, and have three. Wishing for skyrocketing values, maybe good for some, but I'm FINE they are what they are. IF they were 400K cars, they no longer are a car, but an investment.

Not hard to understand why aircraft have quadrupled. I don't know how there's still many old 1960-70's planes left. Seems every week another one bites the dust. there wasn't an infinite amount of them made. I think back to when my flight instructor offered to sell me his Cessna 150 for FIVE grand.

bpu699 if you have a 930 turbo that's worth 20 times what you paid for it, do you still take it out and flog it? OR has it become too valuable, and you worry too much about damaging it? Appreciation is a double edge sword.

It's interesting to see Ferrari 328's regularly selling for their new prices and MORE these days. Must have something to do with the continual talk about what great reliable easy to work on cars they are. I read about their wonderful attributes, and how they're easily worked on by their owners. IF there's a constant banter about how great they are, then people WANT one. Something that's kind of MISSING when Testarossa's are discussed. Maybe we should discuss our cars with more endearing terms.

 

And what are you considering "New price"? TRs did not sell at sticker.

 

That was sold in 86 with a $5000 deposit probably paid a year earlier near the Oct 85 US introduction. Yes, early on many sold at sticker with early deposits and a long wait. Also for tax reasons many documents did not reflect real selling prices. From late 86 to late 90 the real selling prices climbed to a height of $300,000. Same was going on with the 288 in parallel.

 

I Remember I Coulda Bought A Testerosa For $75k Wholesale A Few Years Ago But Major Service Was Due...Knowing Market Now I Kinda Wish I Bought It..

 

And as I recall in 86 TR Monroney price was below $100,000. A year earlier it was 86 or so? So that invoice does reflect an above sticker price.

 

But condition as always is all important. I just finished a job on a TR for a new owner. Dont know what he paid but he just spent $40,000 and its easily still $20,000 from being a good sound car.

 

And in 2016, Testarossa's were fetching 350K at the Monterey auctions. I KNOW as I was there looking at a white TR that sold for 350K at the auction, along with several other really high prices. I went to look and bid on the car, Understand there's BUBBLES that come and go. When the Testarossa came out in 1986 we were entering a spectacular Ferrari bubble. My 32k Ferrari 308GTS peaked at around 100K in 1988, 1989. So whatever the Testarossa's MAY have sold for, they REALLY collapsed by 1990. Same as the Testarossa I looked at in 2016.Whoever bought that car at the inflated 2016 bubble price, thoroughly lost their butt. The saying you never can pay too much for a Ferrari, just buy too soon, may NOT apply to these cars.

I'm TOTALLY baffled at Porsche prices right now. I paid 12 grand for a 1978 930 back in the late 80's, I was buying and selling 70's and 80's 911's from 9K to 16K. I see these 911's selling for 70-90K and it's shocking. Ferraris are an absolute BARGAIN in comparison. Maybe SINGER should reimagine a Testarossa.

Right now on this page there's FOUR Ferraris for sale in the advertisement. A 1985 Ferrari 308 Quatrovalve with 36,000 miles for 140K, and right next to it is a 1990 Testarossa with 22,300 miles for 136K. Pretty much sums it up doesn't it? Testarossa's are unloved.

 

Terrifying. I was a kid in the '80s and the TR was my favorite Ferrari then. I still think they're incredible, but the service costs are irrational to me, even for a Ferrari.

 

Look at it this way. Almost 7200 TRs were made. The Hemi Mopars, the most collectable of Mopars and one of the most collectible America muscle cars. There were just over 10,000 of the engines made. Racing engines, street engines and replacement engines. Easy to think 7 or 8000 of those were made for street use and it was a production American car. 7200 is a big number for any collectible.

 

20 for a major??? I am not Donnie Callaway.

I sincerely hope anyone paying 20 for a TR major is paying at the point of a gun. Thats an outrage.

 

Yep. Most people can't "mentally" afford an F, and a 12cyl F.

 

If P made the Mondial it'd be worth more than the TR.

If Ferrari made the Alfa SZ it'd be worth less than a Mondial.

 

@Rifledriver is right. There were a lot of TRs made, especially for that era. (I thought the # was 7,077, but I'm not going to quibble with Brian on production #s.)

And it's not the kind of car that owners put big mileage on. So there are a lot of low mileage cars out there. Plus, many were sold during the late 80s, meaning they were part of the huge run-up (driven mainly by Japanese buyers) during that time. Lots of cars were put away as "investments", and when the market bottom fell out, they were held because owners didn't want to take the loss.

Having said that, I wouldn't say that there hasn't been a value increase in TRs over the years. The trend is definitely a value increase over the past 10 years or so, with the expected dips and peaks.

(The market that I just don't understand is the BB market. Those cars should be trading for multiples of what they sell for, but I've also learned that you can't fight the market, even though you may disagree with it.)

 

The real selling price of anything at any time is based on the economic forces at that time coupled with that products reputation. MSRP does not enter into the equation. That applies when sold new or many years later. Bubble then? Bubble now? Its market forces and they are constantly in flux.

Like it or not Testarossa has a reputation of being expensive to own. So do 348 and 355. Fairness or reality simply dont enter the equation.

 

Im going to be in the market for a tr later thi syear. Been doing all my research on issues, prices etc. I have noticed like the same cars on the market this year that havent sold. Quite a few BAT cars that didnt meet reserve either, a few sketchy history tho, so there is that.