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

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

  1. Nader

    Nader Formula Junior
    Silver Subscribed

    Feb 12, 2011
    990
    East of Seattle
    Good on the buyer for resisting "paralysis by analysis."
     
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  2. rmani

    rmani F1 Veteran
    Silver Subscribed Owner

    Nov 1, 2003
    7,087
    NJ
    Full Name:
    RMani
    very good point. I wasn't trying to totally diminish the 348. The styling is just so awesome
     
  3. vdettore

    vdettore Formula Junior

    Mar 3, 2017
    353
    Georgia Coast
    Full Name:
    Vince
    I paid about the same for my 348 almost 2 yrs ago, but after a major, a block repair and a few other things I’m in it over $50k. I learned a low entry price for a Ferrari probably means money will need to be spent (usually the major at minimum).
    And that’s ok .



    Vince FerrariChat.com mobile app
     
  4. Wade

    Wade Three Time F1 World Champ
    Rossa Subscribed Owner

    Mar 31, 2006
    32,197
    East Central, FL
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    Wade O.
    And today's traffic! :(
     
  5. Wade

    Wade Three Time F1 World Champ
    Rossa Subscribed Owner

    Mar 31, 2006
    32,197
    East Central, FL
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    Wade O.
    Bravo Sir.


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  6. taz355

    taz355 F1 Veteran
    Silver Subscribed Owner

    Feb 18, 2008
    5,300
    Indio Ca/ Alberta
    Full Name:
    Grant

    Yes but niw you have a well sorted car for 50 you can drive. Good decision.
     
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  7. Outrun

    Outrun Karting

    Somehow it doesn’t hurt so bad if you pay the damage bit by bit!
     
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  8. vdettore

    vdettore Formula Junior

    Mar 3, 2017
    353
    Georgia Coast
    Full Name:
    Vince
    Oh I agree. And I know the ins and outs of this car now.


    Vince FerrariChat.com mobile app
     
  9. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Or you could buy a low milage example for 50k that needs a service then worry about how many miles you put on it. Id rather drive the heck out of it and have 50k in it.
     
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  10. Chupacabra

    Chupacabra F1 Rookie
    Rossa Subscribed Owner

    Sep 30, 2005
    2,572
    Behind a drum kit
    Full Name:
    Mr. Chupacabra
    Agreed...and there are things you can do if you want more performance :) Of course, I’m the type that would spend 458 money on modding a 308 to go like a 458 because I like the styling of the 308 more!
     
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  11. roobarb

    roobarb Rookie

    May 15, 2014
    5
    Buy it now, and cheap price, I would want to see it and check numbers before I parted with cash.
    Plenty of scams lurking on ebay.
     
  12. BT

    BT F1 World Champ

    Mar 21, 2005
    14,623
    FL / GA
    Full Name:
    Bill Tracy
    The buyer finished his semi-restoration and major service recently. The car looks, sounds, and should drive fantastic! The wheels he got are dynamite! I'm guessing he is in it for about $35k at this point maximum.

    :)
    BT
     
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  13. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Hi, thanks. Yes it is almost done. Ive taken off the fuel lines that I had a company remake now so its not running again and I am putting on different ones now with Aeromotive adjustable fuel pressure regulators as well. Thinking of doing turbos later on.
     
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  14. Ferrarium

    Ferrarium F1 Rookie
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    Jul 28, 2018
    2,628
    Central NJ
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    Eric
  15. jferrante

    jferrante Formula Junior

    Jul 9, 2016
    445
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  16. Ferrarium

    Ferrarium F1 Rookie
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    Jul 28, 2018
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    Eric
    He had big plans for it. Turbos and all that. I wonder why hes really selling it?
     
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  17. FSM348

    FSM348 Formula Junior
    Rossa Subscribed

    Feb 13, 2017
    386

    Most likely figured costs for turbos on a Ferrari 348 when for same money you could sell it and buy a cheap 430.
     
  18. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Hi, yes it is up for sale now. I did have plans to turbo it ect....however in January an old friend asked me to do a new business adventure with him. I have since done so and could use the money for the new business as we grow. Had I known about this idea before I spent so much money on the car and all the parts ect....I would not have done so.
    I have another car at the house I simply cannot part with and to me is not replaceable so I decided to let this one go. My buddy at ATS exotic just finished another turbo Ferrari, a Mondial. At 6.5 psi of boost it put down 410 whp. He has a 308 that makes over 550 whp. This would have been a fun car to turbocharge but plans have changed for now. I plan in the future to build another one but at this time I think (and hope) I'm making the best decision on selling this car. My partner keeps telling me not to but I would feel better about having the extra cash on hand with having a new business and all that goes into making it all work.

    I look forward to my 3rd Ferrari ownership and again it will be another 348. I love the feeling of a true drivers car and to me the 348 is the car of choice for just that.

    My instagram is also Vbturbo2 and I did a build page on Facebook "Ferrari 348 Maintenance " I also have a build page for my other car my MR2 which is "MR2 JGTC build"

    Thank you and good luck to everyone
     
  19. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    I would rather have the 348 personally. I'm only selling due to a new business venture, but will turbo a 348 one day. For now I have another toy in the garage so I decided to sell this one for extra capital.
    Thank you
     
  20. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Selling do to a new business venture.
    Thank you
     
  21. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Part of me wants to keep it and risk it but the better side of me says to sell it just in case so I'm taking the sell it route. You never know what a new business will do so for now it will go. So much work went into this car and money and I don't see myself being able to replace it for what it will sell for but it will make my relationship with the wife a little easier as well haha. Stress of any new business can get to you so this will ease some of that emotion with the wife hopefully. I will purchase another one in the future I hope but for now it will have to go as we strive to grow in this chapter of our lives. Best of luck to everyone!
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  22. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    #72 VBTURBO2, Aug 7, 2019
    Last edited: Aug 7, 2019
    For those of you without a Facebook account here are a couple of pics of my pride and joy MR2. It took me 3 years to complete this car. I rebuilt it from a shell up using all new OEM parts as well as all custom made wheels, suspension, engine, roll bar ect.....I spent over 2500 hours alone hand building the body for the car which is made of fiberglass and aluminum. On low boost the car puts down 635 whp as it sits. I did the entire car myself (minus painting) in my garage including wiring, engine building, brake ducts,rebuilt transmision ect........... 90% of the parts on this car were hand made by me. I shaped, welded, wired, tuned, molded, glassed, bent aluminum until I could not stand it and then some.
    I copied the 1990s JGTC Momo car and its the only one in the world besides the real car. I even had center lock wheels for it but decided to keep the 3 piece wheels for it at this time.
    I hope you can understand why I chose to keep a Toyota over a Ferrari, this car is my heart and soul. I have much more time and money invested in this car to even discuss.
    Thank you
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  23. steved033

    steved033 F1 Rookie
    Silver Subscribed Owner

    Apr 12, 2017
    2,814
    Atlanta, GA
    Full Name:
    Steve D.
    I love that MR2.

    sjd
     
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  24. VBTURBO2

    VBTURBO2 Karting

    Jun 21, 2010
    71
    Thank you, this one will never leave the family.
     

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