NEW! Award 24: 1982 Ferrari 308 GTSi Targa – $68,500

Nov 2019 | NEW Award

While not the fastest Ferrari you can buy, the 308 GTS sure sounds great going putting the engine through is paces as you shift gears through the gated manual shifter. Rosso Corsa-colored examples such as this 1982 Targa model listed here on Craigslist in Elizabeth, New Jersey can be a real head turner. Unfortunately, the private seller’s asking price is an unrealistic $68,500, which based on the Hagerty Insurance Online Valuation Tool confirms the seller is attempting to get $13,500 more than the #1 “Concours” estimate of $55,000. That’s a lot of money for a 308 with over 65K original miles – a figure most Ferrari Tifosi will call extremely high mileage. Consequently, we’re giving him our latest “NEW!” (short for “No Effin Way!) Award as his expectations are completely out of line with the current market.  If you’re serious about trying to negotiate a fair price fro this Ferrari, you can start the conversation by texting the seller at (908) 612-7933.

Ferrari introduced the V8-powered, mid-engined 308 as a replacement for its 246 Dino series for the 1975 model year.  The GTB Berlinetta models are fixed roof coupes while the GTS models such as the example featured here have a removable targa style roof.  For 1980, Bosch K-Jetronic mechanical fuel injection replaced the previous carburetors to meet U.S. emissions laws and consequently, power decreased to only 202 horsepower, making these cars the slowest two-seat, mid-engine Ferraris ever produced.

While we decided to feature this Ferrari as we’ve always love the styling of the 308, we caution anyone interested in this car to do a thorough inspection as well as have the owner be able to provide a complete maintenance history of his car.  While the  Without that, be prepared to walk away, especially given the unrealistic current asking price.  We also recommend you coordinate an independent pre-purchase inspection to ensure you have an unbiased account of the current condition of this Ferrari.  If everything checks out and you’re able to get the seller to accept a much more market-appropriate price, you’ll be the envy of just about every other RADwood Event participant you meet. Good luck with the purchase!

Here’s the seller’s description:

“1979 Fiat 124 Spider Roadster. 65298 Actual Miles – Extensive documentation to include log book.
Recent tune, oil service, safety inspection, new battery, new tires and new soft top.
NO RUST EVER – Runs and drives 100% – Interior is flawless and as new to include simulated wood trim.
Paint has high luster and free of chips / scratches.
All previous documentation, tire tools and top boot are present and included.”

Do you have a Ferrari story you’d like to share?  Comment below and let us know!

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