General Car Talk Discussion Thread
#9521
Chapter Leader (Southern Region)
The following 4 users liked this post by Majofo:
#9522
Moderator
#9523
Senior Moderator
#9525
The following users liked this post:
charliemike (07-30-2014)
#9526
Team Owner
Mine will be SSFTXX. I respect his consistency. probably the most idiotic and consistent person i have talked to.
#9528
Senior Moderator
Thread Starter
spotted at O'hare today.....
The following users liked this post:
Aman (08-01-2014)
#9529
nice....
#9530
Senior Moderator
So, you want a Ferrari...well, I know I do...
Probably old news for some of you...but, FYI if you didn't know!
http://www.wheels.ca/feature/psst-wa...i-for-35000-3/
Probably old news for some of you...but, FYI if you didn't know!
If you thought buying a Ferrari was out of reach, Rocco Solmito has news for you.
“If you get the right car — and it has to be the right car — you can get a Ferrari for $35,000 to $60,000,” says Solmito, whose Rock’s Auto Restoration restores, repairs and services all manner of Ferraris and a few Lamborghinis and other exotics at a shop that sits at the southwestern edge of Scarborough.
A Ferrari for $35,000? Be still, my beating heart! There has to be a catch, and of course there is. First, forget the vintage classics. At an RM Auctions sale in Manhattan last November, a 1964 250 LM sold for $14.3 million (U.S.) ($15.3 million Canadian), a record for that model. Top price for a Ferrari is the 1963 250 GTO racer, which fetched $52 million in October.
But that doesn’t mean there isn’t a sweet spot for the entry-level investor, says Solmito, a self-confessed gear head who started swinging wrenches just before he learned to shave.
First, at $35,000 you’re going to have to expect to put some money into it to bring it up to standard.
“Maybe $15,000, $18,000,” he shrugs. “But now you’ve got a car which should be fine. Like any car, things can go wrong, but if it’s the right car you should be able to drive it for a few years with just basics like oil changes, brakes and regular maintenance.”
What you’re looking for in the value market, Solmito says, are 1970s, 1980s and 1990s model Ferraris. After 2000, he says, it’s more of a rich man’s sport.
Of course, the price of anything is determined by demand and the higher prices are driven by people in their mid-30s to 40s who are lusting after the automotive dreams of their youth, for the most part. Finally, never forget, we’re talking used cars, some of them 30 years old or more. Age is always going to be a factor.
“They end up parked outside, they’re corroded,” he says. “By the mid-1980s they were undercoated pretty well so if you see a 328 with rust, something’s wrong. It’s been hit and repaired.”
Buying too low because it seems like a deal is not a good idea either.
“I’ve known one car, it was terrible. The guy said he got a deal. It was no deal. Four years later it is still not on the road. I know what’s wrong with the car and it’s gonna cost a fortune to fix it.”
The key, he stresses, is to have someone who knows the car.
“We’ve gone all over the place looking at cars or they ship them to us to check,” he says. “Even from the pictures you can tell details. Some are terrible and you don’t want to touch it.”
Still, he adds, if the car is “super rare” you’ve got to be willing to overlook some details because the value of the car will support the work needed over the long run.
The 328, he insists, is the one potential bargain in the stable. The model was made from 1986 to ’89 with the last years being the most valued because they benefitted from upgrades and refinement, he says.
“They have a better suspension and there’s a noticeable difference when you drive them,” Solmito says.
“Still, it’s about condition,” he adds. “I’d rather have an ’86 in perfect condition than a worn out ’89.”
Prices range from mid-$50,000 to mid-$60,000 and he has several customers with those vehicles who are quite happy.
“They don’t break down and they are very reliable for a Ferrari,” he notes.
The 348 and 355 models are another story, he says: “They seem to have more problems with electrical and the parts are more expensive.”
Once you’re out of the 328 series and into the 348, parts climb faster than a F50 launching from the line.
“A clutch in a 328 is about $1,500 to $1,800 but for the 348, $3,000,” he says, pointing to the 348 Challenger which he’s working on one Saturday morning while we chat. “It’s more complex, with a double disc clutch.”
At the other end, 308 GTB and GTSs, made from 1975 to ’77 in fibreglass and 1977 to ’85 in steel with the Pininfarina-styled bodies and a 3.0L V8 made famous by the Magnum, P.I. TV series are iconic but are at the stage where they need to be rebuilt — Solmito has two fibreglass shells on his hoists being restored.
“They’re worn out,” he says. “They’re hard to find in good shape. People do rebuild them, but then why would they sell them?”
Maintenance will run $1,500 or more a year for oil changes (about $300 to $500 a pop), fluids and brake pads. And while doing your own work is an option, he cautions at resale time the new buyer may be skeptical and it could depress the price.
“Still, we’ve got some guys who do their own work and they are very good,” he says. “And with shops too, some are better than others. You want to keep all the documentation. With no service records or history, it’s not the end of the world but it makes it difficult to check the car.”
Still, it doesn’t sound too bad really, does it? Just $50,000 to $60,000 and you’ve got a piece of automotive art in the driveway which makes a statement and elevates you way above those mere Fords and Hyundais of the neighbours.
Cheaper than a boat, argues Solmito. Well, yes, and no. Don’t drive more than 10,000 kilometres in a season or your maintenance costs will rise. In fact, 5,000 kilometres a year is where you want to be.
And don’t park in the driveway. Nope. That baby needs to be parked indoors and not just any garage, it needs to be heated or rent a place at about $200 a month for six months.
“They don’t like the damp and cold,” says Solmito. “I’ve seen leather seats with mould because they weren’t stored properly. I can tell a car stored improperly; the coating on the metal parts inside is all gone. Outside, under a tarp? That’s not stored, that’s abandoned.”
Mouldy Ferraris? We can’t have that, so you’d better renovate the garage to add some heating.
Yes, they’re prima donnas. Finicky princesses. They cost money just sitting there, and they have to be coddled.
“Some guys start to think, ‘why do I bother?’” says Solmito, who runs tech workshops for owners. “Then they drive it and all is forgiven.”
“If you get the right car — and it has to be the right car — you can get a Ferrari for $35,000 to $60,000,” says Solmito, whose Rock’s Auto Restoration restores, repairs and services all manner of Ferraris and a few Lamborghinis and other exotics at a shop that sits at the southwestern edge of Scarborough.
A Ferrari for $35,000? Be still, my beating heart! There has to be a catch, and of course there is. First, forget the vintage classics. At an RM Auctions sale in Manhattan last November, a 1964 250 LM sold for $14.3 million (U.S.) ($15.3 million Canadian), a record for that model. Top price for a Ferrari is the 1963 250 GTO racer, which fetched $52 million in October.
But that doesn’t mean there isn’t a sweet spot for the entry-level investor, says Solmito, a self-confessed gear head who started swinging wrenches just before he learned to shave.
First, at $35,000 you’re going to have to expect to put some money into it to bring it up to standard.
“Maybe $15,000, $18,000,” he shrugs. “But now you’ve got a car which should be fine. Like any car, things can go wrong, but if it’s the right car you should be able to drive it for a few years with just basics like oil changes, brakes and regular maintenance.”
What you’re looking for in the value market, Solmito says, are 1970s, 1980s and 1990s model Ferraris. After 2000, he says, it’s more of a rich man’s sport.
Of course, the price of anything is determined by demand and the higher prices are driven by people in their mid-30s to 40s who are lusting after the automotive dreams of their youth, for the most part. Finally, never forget, we’re talking used cars, some of them 30 years old or more. Age is always going to be a factor.
“They end up parked outside, they’re corroded,” he says. “By the mid-1980s they were undercoated pretty well so if you see a 328 with rust, something’s wrong. It’s been hit and repaired.”
Buying too low because it seems like a deal is not a good idea either.
“I’ve known one car, it was terrible. The guy said he got a deal. It was no deal. Four years later it is still not on the road. I know what’s wrong with the car and it’s gonna cost a fortune to fix it.”
The key, he stresses, is to have someone who knows the car.
“We’ve gone all over the place looking at cars or they ship them to us to check,” he says. “Even from the pictures you can tell details. Some are terrible and you don’t want to touch it.”
Still, he adds, if the car is “super rare” you’ve got to be willing to overlook some details because the value of the car will support the work needed over the long run.
The 328, he insists, is the one potential bargain in the stable. The model was made from 1986 to ’89 with the last years being the most valued because they benefitted from upgrades and refinement, he says.
“They have a better suspension and there’s a noticeable difference when you drive them,” Solmito says.
“Still, it’s about condition,” he adds. “I’d rather have an ’86 in perfect condition than a worn out ’89.”
Prices range from mid-$50,000 to mid-$60,000 and he has several customers with those vehicles who are quite happy.
“They don’t break down and they are very reliable for a Ferrari,” he notes.
The 348 and 355 models are another story, he says: “They seem to have more problems with electrical and the parts are more expensive.”
Once you’re out of the 328 series and into the 348, parts climb faster than a F50 launching from the line.
“A clutch in a 328 is about $1,500 to $1,800 but for the 348, $3,000,” he says, pointing to the 348 Challenger which he’s working on one Saturday morning while we chat. “It’s more complex, with a double disc clutch.”
At the other end, 308 GTB and GTSs, made from 1975 to ’77 in fibreglass and 1977 to ’85 in steel with the Pininfarina-styled bodies and a 3.0L V8 made famous by the Magnum, P.I. TV series are iconic but are at the stage where they need to be rebuilt — Solmito has two fibreglass shells on his hoists being restored.
“They’re worn out,” he says. “They’re hard to find in good shape. People do rebuild them, but then why would they sell them?”
Maintenance will run $1,500 or more a year for oil changes (about $300 to $500 a pop), fluids and brake pads. And while doing your own work is an option, he cautions at resale time the new buyer may be skeptical and it could depress the price.
“Still, we’ve got some guys who do their own work and they are very good,” he says. “And with shops too, some are better than others. You want to keep all the documentation. With no service records or history, it’s not the end of the world but it makes it difficult to check the car.”
Still, it doesn’t sound too bad really, does it? Just $50,000 to $60,000 and you’ve got a piece of automotive art in the driveway which makes a statement and elevates you way above those mere Fords and Hyundais of the neighbours.
Cheaper than a boat, argues Solmito. Well, yes, and no. Don’t drive more than 10,000 kilometres in a season or your maintenance costs will rise. In fact, 5,000 kilometres a year is where you want to be.
And don’t park in the driveway. Nope. That baby needs to be parked indoors and not just any garage, it needs to be heated or rent a place at about $200 a month for six months.
“They don’t like the damp and cold,” says Solmito. “I’ve seen leather seats with mould because they weren’t stored properly. I can tell a car stored improperly; the coating on the metal parts inside is all gone. Outside, under a tarp? That’s not stored, that’s abandoned.”
Mouldy Ferraris? We can’t have that, so you’d better renovate the garage to add some heating.
Yes, they’re prima donnas. Finicky princesses. They cost money just sitting there, and they have to be coddled.
“Some guys start to think, ‘why do I bother?’” says Solmito, who runs tech workshops for owners. “Then they drive it and all is forgiven.”
#9531
Senior Moderator
Thread Starter
#9532
Moderator
So, that $63M 1962 Ferrari 250 GTO? Turns out it might not be worth quite that much:
Source: http://www.cnbc.com/id/101883857
A $63 million Ferrari is a fake, expert says
A 1962 Ferrari GTO being offered for $63 million on a German website is being called a contender for the world's most expensive car by some
But it's likely the world's most expensive fake.
News outlets have gone crazy for the 1962 Ferrari 250 GTO that's for sale on mobile.de, which is like Germany's eBay for used cars. A story picked up by Fox News said the car "is one of the first of the 39 250 GTOs to have left Ferrari's factory."
GTOs have sold in private sales for more than $50 million. But the world's leading Ferrari historian and collectible-Ferrari expert Marcel Massini said the car offered on mobile.de is a replica. He has photos and detailed histories of each of the real 39 250 GTOs that Ferrari made, and he knows where all of them are parked.
This car, he said, is not one of them.
"It's a replica," Massini said. "I can tell you that with 100 percent certainty. I know where all of these cars are today. And this is not one of the original GTOs."
He added that the fact that $63 million is being offered on a German used-car website is another clue that the car is a fake.
Mobile.de didn't immediately respond to an emailed request for comment.
"People who buy and sell these cars are sophisticated," he said. "They're not going to buy it or list it on a website like this."
But if you're a billionaire GTO buyer, don't be too disappointed. A real 250 GTO is coming up for auction by Bonhams on Aug. 14 in Pebble Beach, California. The estimated sale price: more than $30 million.
A 1962 Ferrari GTO being offered for $63 million on a German website is being called a contender for the world's most expensive car by some
But it's likely the world's most expensive fake.
News outlets have gone crazy for the 1962 Ferrari 250 GTO that's for sale on mobile.de, which is like Germany's eBay for used cars. A story picked up by Fox News said the car "is one of the first of the 39 250 GTOs to have left Ferrari's factory."
GTOs have sold in private sales for more than $50 million. But the world's leading Ferrari historian and collectible-Ferrari expert Marcel Massini said the car offered on mobile.de is a replica. He has photos and detailed histories of each of the real 39 250 GTOs that Ferrari made, and he knows where all of them are parked.
This car, he said, is not one of them.
"It's a replica," Massini said. "I can tell you that with 100 percent certainty. I know where all of these cars are today. And this is not one of the original GTOs."
He added that the fact that $63 million is being offered on a German used-car website is another clue that the car is a fake.
Mobile.de didn't immediately respond to an emailed request for comment.
"People who buy and sell these cars are sophisticated," he said. "They're not going to buy it or list it on a website like this."
But if you're a billionaire GTO buyer, don't be too disappointed. A real 250 GTO is coming up for auction by Bonhams on Aug. 14 in Pebble Beach, California. The estimated sale price: more than $30 million.
#9533
Senior Moderator
So, that $63M 1962 Ferrari 250 GTO? Turns out it might not be worth quite that much:
Source: http://www.cnbc.com/id/101883857
Source: http://www.cnbc.com/id/101883857
I JUST finished drying off the ink to signing away my lungs, liver, stomach, face, nose, eyes, and kidneys for this car!
The following users liked this post:
speedemon90 (08-01-2014)
#9534
Senior Moderator
Thread Starter
uh yeah. I suddenly feel the need to purchase a 90's Mercedes V12.
http://www.carthrottle.com/heres-how...-pagani-zonda/
:ibpeoplesayhowunreliabletheyare:
http://www.carthrottle.com/heres-how...-pagani-zonda/
:ibpeoplesayhowunreliabletheyare:
#9535
Chapter Leader (Southern Region)
Except the Pagani is in the trip digits when you hear it, not trodding along at 20 mph
#9536
Senior Moderator
#9537
Senior Moderator
Thread Starter
I just want the sound, I don't want to be doing triple digits. been there, done that.
#9538
I drive a Subata.
iTrader: (1)
The following users liked this post:
Yumcha (07-31-2014)
#9539
Senior Moderator
Thread Starter
stereo is for music IMO
#9540
I drive a Subata.
iTrader: (1)
#9541
Chapter Leader (Southern Region)
I'm not saying it's a civic with a fart can, but it's right between that and a 4th gen mustang gt with glasspacks.
#9542
Chapter Leader (Southern Region)
The following users liked this post:
Yumcha (07-31-2014)
#9543
Senior Moderator
#9544
Senior Moderator
So, since we're going along with stupid, what's German for "VTEC, yo"...?
#9545
Senior Moderator
And ttribe, I see you. ALLLLLLL YOUR FAULT.
#9546
Moderator
#9547
Chapter Leader (Southern Region)
#9548
I am out looking a new cars and I wanted to get another Subaru when the Acura finally dies... but I am disappointed in one key aspect. I am not a fan of plastic intakes on engines because I know they are not going to last the life of the car. I have not seen any of the H6 intake as they are covered by this plastic cover. It seems like everyone is going this route....
#9549
I drive a Subata.
iTrader: (1)
I am out looking a new cars and I wanted to get another Subaru when the Acura finally dies... but I am disappointed in one key aspect. I am not a fan of plastic intakes on engines because I know they are not going to last the life of the car. I have not seen any of the H6 intake as they are covered by this plastic cover. It seems like everyone is going this route....
#9550
YouTube plastic intakes and you will get a ton of videos describing how to fix, replace, etc those things. I can understand the need to save weight but that is taking it too far IMHO...
#9551
I drive a Subata.
iTrader: (1)
I think I'm okay.
#9552
On the GT86 people have replaced plastic/rubber intake couplings with metal piping, and have measured a noticeable different in IATs.
#9553
^Does not negate the fact that plastic has a tendency to break down over time especially when subjected to temperature extremes like -30+F to over 100F year after year. besides in a DD heat soak means what, exactly? Not a thing
#9554
Fahrvergnügen'd
Plastic intakes are less susceptible to heat soak, which is a huge deal. Then you add in the the advantages of lighter weight (especially on top of the engine) and lower cost, and it makes it an easy choice.
On the GT86 people have replaced plastic/rubber intake couplings with metal piping, and have measured a noticeable different in IATs.
On the GT86 people have replaced plastic/rubber intake couplings with metal piping, and have measured a noticeable different in IATs.
#9555
anything wrong with that?
last 2 Honda products have left a lot to be desired in terms of transmissions and you can still get the 2014's with 5at but I would like the better gas milage of the newer setup while having enough oomph to get out of the way if needed.
last 2 Honda products have left a lot to be desired in terms of transmissions and you can still get the 2014's with 5at but I would like the better gas milage of the newer setup while having enough oomph to get out of the way if needed.
#9556
Moderator
#9557
what does it mean? exactly? like you are not going to get from point a to b in rush hour? that your engine is going to detonate? that you might not get the best mpg or acceleration? don't worry you will still get to where you are going in a timely manner...
now if this is your weekend track car, then you might have a concern or two...
now if this is your weekend track car, then you might have a concern or two...
#9558
Team Owner
i guess we really ran out of shit to talk about now...
We are actually arguing over plastic intake tubes... That is almost as bad as arguing over AC vents location.
We are actually arguing over plastic intake tubes... That is almost as bad as arguing over AC vents location.
#9559
^ yeah cause when you pay $30K for a car, you don't want it to last... but hey you want to buy it, more power to you....