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Discussion Starter · #1 ·
Does anyone have a good idea r

Does anyone have a good idea regarding what a good, solid, not concourse but close, Daytona is bringing? My first inclination is to take 10% off the FML asking index as a start and call it say $120,000.

Any help appreciated.
 
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Discussion Starter · #2 ·
Drew,

120k should buy you a


Drew,

120k should buy you a pretty good example. What I'm told is the running value of these cars right now is 120-140k USD, that's coming from a broker though. In my search I've found that there aren't enough sellers out there to really justify a certain market price. Most seem happy to just wait for the next "sucker" to say OK to their offering price. Keep in mind, with this price you should get a very solid car with history and all services done and accounted for in documentation.

That said, have you considered looking in Europe? Prices there are much lower and the 70s cars are getting to be exempt of a lot of things now. Also, in Europe you'll find more of a selection. Although I must admit I have not heard too many encouraging things when it came to shipping the cars and the regulations they have to meet.

Welcome to the board!

Cheers
 
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Discussion Starter · #3 ·
Drew,

take at least, 10% o


Drew,

take at least, 10% off FML prices and probably a good bit more. At least the last time (and historically for decades)I looked at FML the prices were on the highest end of the spectrum, and FML seems to have been taken hostage by brokers & dealers, last I checked.

But like Taek mentions, most Daytonas are owned by the most Affluent there is and trying to low ball those types rarely works well, although nothing ventured nothing gained.

I'd kick a bunch of tires till you find the one you want and just work on them for awhile. The number I hear kicked around a bit is $110K for average to above average cars. Have you considered a 365GTC, (they have better AC & Power Steering & very rare),? or some of the other outstanding older cars, like Boxers?


Welcome to Ferrari-Talk

Regards, JRV
 
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Discussion Starter · #4 ·
Thanks for the response guys.

Thanks for the response guys.

JRV, I had a Daytona in the mid 80's when I lived in Houston. We actually met briefly at a couple of Texas Ferrari Club meetings. I remember filing your name away in my memory banks for when I needed service. Anyhow I ended up selling the car when things went price crazy.

I have a carburated Boxer now that is in good tune and pulls like a rocket. I still like the Daytona. I have never driven a 330GTC or 365GTC but understand they are great cars. I just can't get past the look of the car compared to the Daytona. I guess I am a sucker for the phrase "beauty is only skin deep". Thanks for your suggestions.

Drew
 
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Discussion Starter · #5 ·
I purchased my Daytona #12775

I purchased my Daytona #12775 4 months ago. I am the third owner, the second owner had it for 28 years. I have all receipts, books and records going back to 1973. The car has 65k miles. It received a bare metal repaint by Bo Pirkle a few years back, the paint is really incredible. The engine was fully rebuilt to factory competition specs by a Terry Girrone (sp) in Atlanta in the late 1980s. They spent $8k on machining alone.... The transmission and brakes are new, done by FoA. The interior is excellent. The suspension is tight and has all been rebuilt. It has the euro knockoffs and 9" rear wheels. Full stainless exhaust. Detailed engine bay. It runs and drives perfectly. It has an onboard fire suppression system, an auxilliary oil cooler and ignition upgrades. The engine builder claims 400+hp, it runs VERY strong.

This is a euro car, the 51st Daytona built. I have the complete factory build sheets and a heritage certificate. The build sheets on this car were featured in a 2 page spread in the book Ferrari Daytona by Gerald Roush.

Its not a show car. Its not a #1 condition Pebble Beach contender. It is however as nice a driver as you are likely to find, needs nothing and is a total hoot to drive.

I paid $125K. It came with a complete set of NOS leather Daytona seat covers that Ive been told are worth $5K.

I talked to tons of people during my search. You can buy a running/driving Daytona for $90K. To make that $90K car into my car would cost between $50K and $75K.

So many of these cars had tons of money put into them back during the silly days of values. You can buy them now for the cost of restoration. Given that ready to go, great cars are $125K or so, purchasing a car with "needs" for $90K just does not make lots of sense unless you like doing the work.
 
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Discussion Starter · #6 ·
Terry,

You have to post som


Terry,

You have to post some pictures of your Daytona here. I had a chance to see one (non Euro) and a convertible yesterday and I fell in love all over again.

Drew,

Terry lucked out getting a very special car at what seems a good price. Truly stunning. Be careful of the bad owners out there who tried to cut corners when it came to restoring or servicing their cars. They will have receipts for work, but the work is worthless and will need to be redone. Like Terry's, make sure the work is done at reputable places by reputable folks. I haven't purchased a classic yet but have done a good amount of research in my own search and listening to good advice has saved me from a few moneypits.

Cheers
 
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Discussion Starter · #8 ·
Hi Terry,

Nice car. When I


Hi Terry,

Nice car. When I lived in Atlanta there was a psychiatrist who had a car that looks like the one you have now. I bought a 83QV from him back around 1990. Can't remember his name. Is this the same car?

I think I'll end up spending about what you did.

Drew
 
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Discussion Starter · #9 ·
Yup, Dr. Gronsbells car. If y

Yup, Dr. Gronsbells car. If you met him, you know how incredibly anal he is about his cars. Fanatical on maintenance and preservation, exactly the kind of person to buy a Ferrari from!

Terry
 
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Discussion Starter · #10 ·
Where's Bill Bardurski?

Where's Bill Bardurski?

He needs to chime in here with a few thoughts. He has 2 Daytonas I believe and surely keeps an eye on values and perhaps even a few cars to consider.
 
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Discussion Starter · #11 ·
That's it, thanks. I had

That's it, thanks. I had just sold a Daytona in Houston and Steve Ahlgrim sold me his QV out of FAF. His QV was perfect. The joke use to be everyone hoped he cared about his patients as much as he cared for his cars. I'm sure you got a very nice Daytona. We have to hook up some time and share some stories.

Regards,

Drew
 
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Discussion Starter · #12 ·
Hi all. Well, here's the &

Hi all. Well, here's the "Daytona fanatic's" response. A good car should be in the $125-140 range (coupe not cut). Typical repair costs are $3k for minor transaxle rebuild with new synchros amd $20-25k for complete engine overhaul. Rust repairs to doors and quarters can be very costly, so price is difficult to pin-down. Other common problem with older rebuild is oil leakage, especially from the myriad of O-rings between the timing chain case and block. This repair is an engine-out job. Best to find one with recent overhaul and/or good compression and leak-down numbers. One of these should fall within the price ranges above. Otherwise, anything over $90k will easily put you over market by the time it's made perfect again. The good thing is that these cars are extremely reliable and very strong, so once you get one that's in good order, it takes little effort or expense to keep it that way. Good hunting!
 
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Discussion Starter · #13 ·
Bill: I had a Daytona once.

Bill: I had a Daytona once. To me it is not worth the $125-140K price.......but, someone else may pay that......that is up to them.

For $10K more I will be looking at the new Bentley Continental GT......seems like an awesome car. NO rust......NO rebuilding ANYTHING!!!!!!

Ferrari.........beware!!!!!!!!!!!!!
 
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Discussion Starter · #14 ·
Henryk,
I respect your opinio


Henryk,
I respect your opinion. The Daytona is not for everyone, that's for sure. I personally like them very much, as is obvious because each time I bought a different Ferrari, I replaced it with another Daytona. For me it's a fun car on weekends to be driven simply for the experience of a period Ferrari. My daily transport is much more conventional.
 
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Discussion Starter · #15 ·
I have spent a small fortune r

I have spent a small fortune restoring a 1971 daytona...and I am now ready to sell it, not because I don't like it but because I have two of them and I kusting for a 550 maranello...no more room in the garage, breezeway, etc... I think it is worth 135,000.00 and I have someone looking at it right now. I have restored the body (all rust removed) car was taken down to bare metal, and an atlanta artist resprayed it. I have done many many restorations and this car is as original as any I have seen. It probably could have more done to it...but then .... it looks and drive beautifully. If anyone is interested, I have some photos I can email

Thanks
 
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Discussion Starter · #16 ·
"It probably could have mo

"It probably could have more done to it...but then .... it looks and drive beautifully."

I think that could accurately describe ANY Ferrari that is over 10 years old! I once read where someone posted that an old Ferrari was like an airliner. There is ALWAYS something needing attention. You keep a clipboard and list everything as it comes up and then correct things in the order they appear. Getting the mousehair on the dash replaced and re-wrinkle painting all the engine heat shields is next on my list....

You should try to bring your Daytona down to Atlanta sometime soon. I would love to see it! PCA is sponsoring a ralley Nov. 3 or so....
 
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Discussion Starter · #17 ·
when I used to be an FOC membe

when I used to be an FOC member, I volunteered to be a daytona consultant. I learned quite a bit about originality in those cars simply by talking to many people who owned daytonas. I have put that knowledge to use on my cars, and needless to say, after spending tons of money...I have managed to keep the cars as original as possible..and yes Terry, I will bring it to Atlanta soon, we are in the midst of football season and my weekends can be horribly busy since I cater to Clemson fans who attend games..I sell Clemson merchandise on www.tigersports.com and in my two Clemson stores...thanks for the invite
 
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