I hope that he gets his asking price but think that it is a bit high for somewhat screwed up/rebadged MERA. It would be worth more to most people as an original MERA than as a fake Ferrari. I am not certain about the HO V6 since the Mera came with a stock 2.8 L V6 engine. Even the side markers are a mix of F car and Fiero components. The accepted number of Meras produced is 247 and it was only available as a dealer option from a Pontiac dealer. Looks as if it needs some paint also but I do not see anything "special" about this vehicle except for the asking price.
Well, if it was made from a GT Fiero, it would be unique? I thought they were all made from notchbacks, but dunno about the pre-'88s.
I can't see a Ferarri owner being fooled. The body panels set differently. The exterior bore a resemblance, but that's about it. The back end with the engine lid open looks terrible.
If it is one of six 88 GTs converted into a MERA it is somewhat unique if you want to get technical. They do actually exist and I have one of them. The rest of the 88s were supposed to have been Formulas prior to the conversion IIRC.
I think Concepts who did the conversions, made molds as close as possible to a real 308. The body is actually pretty accurate as well as could be. There are dead givaways, but only real Ferrari aficionados KNOW the difference. Some stand out differences are the side windows on Ferraris have a triangle vent window, the rear window curves to the back on the ends, the door handles are all wrong and the headlite louver covers are one piece instead of 2. I put all the proper Ferrari emblems on mine, including real center caps on the faux Ferrari wheels. Mine was a kit that was cloned from the MERA parts. My interior was even stitched up to match a 77 308, the only year the real one was also fiberglass. Id say this car without seeing it might be worth about 1/2 of what he wants. I used to do body and paint on Ferraris and picked up my parts from the local exotic dealer. One of the salesman met me once and asked if I was wanting to trade it up for a newer model. I had to open the engine cover to show him it was a kit. The actual dimensions between the MERA and the real one were only fractions of inches...stuff like 92.4 inches vs 93.2 inches, so anyone that said they could tell it was smaller was full of crap. I went to the Auburn Fiero Show one year with a friend who brought his real 308 to park beside mine for comparison.