I was referred here by a friend of mines. I am looking at selling or trading my Ferrari 328 GTB Replica. The platform is a 1985 Fiero GT 4 speed. There was over $50K spent on this very well documented build. Unlike most Ferrari replicas, my car has the interior completely converted as well. Please look at the pictures I took this weekend of the car:
Why in the world would you spend $50k on a "replica" when, according to Wikipedia, "In 1985, the 328 retailed from $58,400-$62,500 ($126,400-$135,300 in 2013 dollars) in the United States." ??
Well lets do some simple math here and see how close we get. We will even go high-end:
* 1985 Fiero itself....not worth much $2000.00....very expensive for an 85 * Ferrari 328 GTB body kit...lets use EVM_Rob and his 328 Kit for comparison and we can throw in Rodney's Euro bumper for more cost $4500.00 * Rims...well I can pick of a set of the Cromadora rims for $1500.00 * F355 Interior by Amida...not that less expensive one that is installed in this one: $6000.00 covered in Vinyl...add another $1000.00 for leather * Paint $3000.00 * Actual labor cost $10,000.00
This at best is only going to be around $25,000.00 if everything is done correctly....so where does the other $25,000.00 come into play?
Well lets do some simple math here and see how close we get. We will even go high-end:
* 1985 Fiero itself....not worth much $2000.00....very expensive for an 85 * Ferrari 328 GTB body kit...lets use EVM_Rob and his 328 Kit for comparison and we can throw in Rodney's Euro bumper for more cost $4500.00 * Rims...well I can pick of a set of the Cromadora rims for $1500.00 * F355 Interior by Amida...not that less expensive one that is installed in this one: $6000.00 covered in Vinyl...add another $1000.00 for leather * Paint $3000.00 * Actual labor cost $10,000.00
This at best is only going to be around $25,000.00 if everything is done correctly....so where does the other $25,000.00 come into play?
If you go to the picture link there is a picture with a cost to build break down:
Car: $17,157.03
Suspension: $1,770.20
Interior: $22,411.53
Engine: $747.47
Stereo: $5,946.39
Alarm: $1,989.50
Total: $50,022.12
[This message has been edited by BlackThunderGT (edited 05-06-2014).]
I meant no disrespect...but if I am looking at purchasing an item for sale. Shouldn't I have the right to ask where the $50K price came from and if it is justified? ....I honestly missed the build cost information.
This is a very nice looking vehicle even without an engine swap. The the price for a show quality paint job can easily run $7,000 to $10,000 and I see a lot of high end stereo equipment that is not inexpensive. That appears to be an Amida interior and could easily run $6000 to $8000 depending on what materials were used. The instrumentation could add around $1000 and the wiring for my VDO instruments was painful even using a PISA harness as a starting point. The $50,000 price appears to be a bit high to me but depending on what his labor cost was for fitting and prepping the body I am certain that it was not cheap. Many of us invest hundreds or thousands of hours of labor in a project and do not really expect to get all of it back when/if we sell a car.
I will just wish this gentleman good luck in selling his rebody and hope that he gets his asking price. I do not regard that as likely but it would be nice for it to happen. Then I might be able to get $50,000 for one of my show Meras.
Thanks, for all the feedback....The previous owner spent over $50K to create this replica. I actually traded a vehicle plus some cash to acquire the car about 3 years ago. I am not asking $50K for the car. I am an enthusiast of rare European automobiles and this is the only "kit car" that I have ever owned. It is a very well executed Ferrari replica, that peeked my interest. I own, and have owned many cars, but have yet to see such an extensively documented vehicle. I literally have every receipt for this car down to nuts and bolts purchased. I really am not sure how to price the car, and that is why I am open to full or partial trades. I would appreciate any input from you all as to value. I think it would be a very special car indeed with an LSX engine swap:-)
Respectfully, if I were selling, I'd ask $30k for it, but be willing to take mid twenties. If someone has a 3800 on a cradle from their car & did a swap, they'd have a car that matches looks to performance, but I suspect the stock engine is one of the things which would hold the price back.
Why in the world would you spend $50k on a "replica" when, according to Wikipedia, "In 1985, the 328 retailed from $58,400-$62,500 ($126,400-$135,300 in 2013 dollars) in the United States." ??
I'd be interested if anyone has hard numbers on the 328 kits (Fieger kits from Canada ?), but i'd guess that the 328 kit is rarer than the MERA and 308; not sure by how many, but see a lot less of them. Personally i'd generally not compare a replica to OEM; kinda like comparing Hillary Clinton to Ciindy Crawford.
Just my take, but i've never seen a 308 or variant get more than about $11,000 with a stock engine and upgraded interior. There is a guy in the San Jose area that said he sold his testarossa replica last month (stretched and interior upgrade with stock engine) for $16,000. Saw pics - looked real nice. I've seen Meras listed locally around here for 11,000 in nice shape - stock engine and interior; stock 308 and variants $5000 - $6000 in Real nice shape.
quote
Originally posted by Blue87t-top:
If someone has a 3800 on a cradle from their car & did a swap, they'd have a car that matches looks to performance, but I suspect the stock engine is one of the things which would hold the price back.
There was a guy from Texas (Harold) a while back that had a black 308 with a 3800SC conversion. Nice car with upgraded interior. He sold it, a new owner had it for a year or so and it sold again. It went for $25000 one time and $18500 the next. A nice (non-lambo) replica with a 3800SC or V8 engine conversion, upgraded interior and everything working (including A/C) should get $20,000 - $25,000 from what i've seen. [lambos should bring quite a bit more but they cost a Lot more to build and not too many ever get finished).
[This message has been edited by PaulJK (edited 05-09-2014).]
Why in the world would you spend $50k on a "replica" when, according to Wikipedia, "In 1985, the 328 retailed from $58,400-$62,500 ($126,400-$135,300 in 2013 dollars) in the United States." ??
That is a beautiful car... would own this over a "real" one in a heartbeat (made that decision many years ago after talking to the owner of a 308 who also happened to be a certified Ferrari tech).
Here's a very nice 1985-based 328 with stock interior that just sold on eBay for $6400. With your beautiful interior and documentation, I'd hope you get much more than that but that gives you a recent data point.
It's very nicely executed, but the market dictates price and this car without an engine swap will be lucky to fetch $15k. The economy is not good for trying to sell one of these. You have to find a cash buyer. You never know though, with patience and luck some times you can get lucky. This would make for a nice 4.9 swap. V8 rumble with similar performance. With head work, a reground cam and a tune and you would probably be faster than the real thing. What are you hoping for in a trade?
Why O Why does every time we see a very very nicely done replica of a Ferrari (and this a nice one).with a stock Fiero engine .............. do they have to put the cheapest Ferrari sticker on it?
And before someone says ..
"It would look stupid with a Fiero still on it".....
Nope it looks worse with a cheap Ferrari sticker.
[This message has been edited by fireboss (edited 05-12-2014).]
The car has Bilsteins on all four corners, not sure on the springs. The brakes and steering are stock but have been refreshed.
So far, two offers submitted for $11.5K and $12K...might switch the ad to an auction?
Beautiful car.
I would compare it to a Ferrari and note that it is NOT a Ferrari.
Comparison selling is an easy way to sell: Example "Our product cleans as well as the competitor at half the price."
Maybe try something along the lines of, "Why pay $60-90, for a Ferrari when you can have it for 1/3 the price?" Then try to sell for $20-35k! Just my thoughts! Good luck with sale!
------------------ Fitness Motivation Specialist US Army Veteran Founder - www.FitnessPatterns.com
The car had a PPI and appraisal done on 11/19/2014. It appraised for $18,500 and the PPI only revealed the disclosed headlight issue and battery drain issue due to the alarm.
So far, two offers submitted for $11.5K and $12K...might switch the ad to an auction?
If those are real offers (on eBay it's a 50 / 50 chance), you should grab one of them. They're TWICE as much as I've ever seen a 308 / 328 with stock drive train sell for ....
If those are real offers (on eBay it's a 50 / 50 chance), you should grab one of them. They're TWICE as much as I've ever seen a 308 / 328 with stock drive train sell for ....
Both offers were from car dealers with high feedback and transactions on eBay...
Good lord people. It amazes me whenever someone posts an ad like this the BS responses they get. This is a VERY beautiful and well executed kit car. I can easily see a LOT of money was invested in the car and if you know anything about the infinite little details that it takes to build a car like this you would know that. Who gives a crap what an original sells for this is not an original ferrari it is something completely different and stands by itself for that. I wish the seller the best luck with it and I hope he gets as much cash as he wants for it. Seems like everyone is willing to pay top dollar for the latest tech or sportscar nowadays but when it comes to something truly hand built with love we get comments like this? Someone loved that car and was willing to invest a LOT of time and money into it. That is worth something and it is really up to the seller to determine what that is and how much he is willing to part with it for. Keep your negative BS comments to yourself and wish the fellow some luck and show some appreciation for a beautiful build. Jeez.
Pete
------------------ "May the grins begin when you turn the key and hear the engine roar over your shoulder" ......Gall57 (slightly modified LOL)
Well the highest offer buyer on eBay flaked on me, so I will probably wait until after the holidays to re-list the car. At this point the car appraised for $18,500 and I have settled on $17,900 obo. If anyone is interested feel free to email me at collin380@yahoo.com...
Happy Holidays!
Alex
[This message has been edited by Collin380 (edited 01-04-2015).]
While I'm normally opposed to owning any kind of "kit car" [no offense to anyone, just personal preference], I have to say this one is amazingly well done and if I had that kind of money you would have a sale. Simply put this thing is beautiful. The attention to detail is pinpoint. Someone who will love it needs to own it. Oh, and a proper swap to match the looks would be in order. I wish you luck on the sale, and someone else will be very lucky to own it.
