1991 Ferrari 348

Ferrari 348 (1991)
for sale

Price: US $1.00

Description:

This is a rare black on black 1991 Ferrari 348TS (Targa Convertible) that has been on the west coast for all of its life. Always garaged, never smoked in, never exposed to salt, with no visible rust. This is a low mileage, well documented and regularly serviced Ferrari its in great shape and functions as it should.
With over $20K in receipts and this summer it had it’s engine-out, major service recently completed (@40, 794) less than 500 miles ago. At that time, anything found to be askew, was repaired. The following items were addressed:
Timing belt, all fluids and filters changed (air, oil and fuel), cam seals and valve cover gaskets replaced as well as necessary seals. Replaced all belts and timing belt tensioners were fit with the desirable Hill Engineering tensioners (better than OEM). Replaced the AC belt Idler with new bearings, as well as coolant hose under intake manifold. A fresh battery was installed as well as fixed a small leak at the CV Boot with full boot kits for the rear end. All new spark plugs were fitted and all fluids (gear, coolant, brake) were flushed and topped off. The car ran great before, but now it starts up great, drives and shifts very smoothly.
I have owned many cars, but preach and practice the same regiment. I always make sure I find a great driving condition car (meaning not a perfect example, not a 10/10, not a condition #1 car) and then I make it run like a top. With this car, I found one I liked and I had it repaired/maintained in order to be able to enjoy the car, as it was designed. A properly running example, such as this, gives you the true experience of the 348TS and all of its glory. The black and black combination is the icing on the cake (for me, as I don't resonate with red/tan combination Ferraris). Overall, this car has been really well preserved and taken care of throughout the past 24 years. It has been in really good care while its time with me, but its time we part ways and I hope this vehicle creates as much enjoyment for its new owner, as it did me.
Clutch engages low to the floor with good feel and runs great both at idle and under load while traveling down the road. The lack of engine noise as well as creaks and rattles, one would expect an older vehicle to have, is quite amazing. Always have run premium gas and synthetic oil in the vehicle. Recently the vehicle has received numerous preventative maintenance items. Tire tread life is at about 70-80% remaining, brakes are also only at about 80% wear as well. However, it’s currently 100% sorted, completely rust-free, and ready to go for the new owner. This is a great condition driver which you shouldn't feel bad about going out and enjoying. This car was appraised for my asking value, over a year ago, previous to the incline of 348 values. The fresh engine out service and recent clutch job means that the car drives fantastic. Not a single thing wrong with the drivetrain/driveability, just get in and go!
The single stage Black paint job has been recently professionally detailed and looks great overall. The paint shines incredibly and what chips have occurred, were already touched up and the paint is nearly perfect with the exception of a thin spot/fading like on the hood (~2”) from closing at the corners. The underside of the front lip and other matte black areas have some roughness/scratches from speed bumps and other height obstacles. The engine cover matte black area is a bit faded, but still retains its originality. The body is straight and true with only very small visible dents (paintless dent repair isn't an option due to the locations, but I assure you are very hard to detect) and otherwise great fitting body gaps. All glass on the vehicle is original, including the seals, currently fitted with window tint (not on the windshield).
The black leather interior is in great shape overall with small blemishes, mostly around the footwell area on the drivers side leather and a little bit on the drivers back bolster area. This is all to be expected due to the years and usage for an original condition vehicle. Headliner is without flaw. The interior was recently cleaned and this was never smoked in (no burn holes) and has no musty odors, as it smells like leather/a Ferrari. The carpets are in great clean condition and aftermarket plush Lloyd floor mats in matching black are in like new condition. The dash is in great shape, but the vents suffer from the sticky-ness these cars tend to have, I just try not to touch them when dusting the dash. This vehicle comes with 1 hinged key, all of its books, as well as the tool kit (both in tan leather) and a rain cover for the Targa top.
Modifications include: 18 5-spoke wheels from a 360 (can be left black or silver), as well as the 355 rear taillight conversion to update the look of the car (Includes stock tails, easy to switch back). The vehicle has an aftermarket stereo, as well as Alutek White Carbon Fiber interior trim, as well as race catalytic converters and a great sounding Kreissieg exhaust system. Link to sound below.
I am selling this vehicle as I don't tend to drive it at all when bad weather is in the forecast read: rain, snow etc. I have other exotics and classic cars and I am getting to the stage of my life where I want to get in and drive whatever it is and not worry about it at all. This car deserves to go to someone who is going to use it more often than I do (pleasure driver). This car is suitable to take on long road trips and to be enjoyed, but for me I have always tended to treat this like a silver spoon or special china and only use sporadically/occasionally. This is a really great starter Ferrari, that is well sorted and ready to be driven, or if the next owner so desires, show and shines etc.
The vehicle is currently licensed, registered and insured for $55K, which was an agreed value assessment through my insurance company done last year, prior to the inflation of 348 prices. The appraiser placed this vehicles condition at a 2+. The title is clear (no accidents, no salvage etc.). The vehicle currently resides in a climate controlled secured storage garage when I am not driving it on sunny days. I am in no real need to sell the vehicle other than finding it a better home. I am not interested in trades or low ball offers. The 348’s have been increasing significantly in value recently and would be surprised if the trend didn't continue to escalate. This would be a great entry level collector Ferrari that checks all the right boxes (including major service work, with proof!). I have seen the market on 348’s and I believe this is nicer than those that even offered due to condition and servicing, but for a reasonable asking price. No risk of bidding war, as you either, offer me what I'm asking or someone else will! Best of luck.
PROS:
-Black on Black Manual Transmission Targa 348
-Cosmetic modifications
-Fresh engine out major service and new clutch
-Original Key, books and tool kit
-This is the nicest driving 348 I have ever driven
-Everything is in proper working order and ready to be driven.
-Professionally detailed and ready to go!
CONS:
-Normal wear and tear on interior leather components on drivers side
-Cosmetic modifications (If they aren't your style)
-Rock chips on frontal facing surfaces (have been touched up)
-Its old and I am sure I might be forgetting something. If you are worried about it, I would suggest having a pre-purchase inspection done at your expense.
VIN# ZFFRG36A6M0088015
Link to exhaust sound:
here
Buyer will need to complete payment in full within 5 business days of auction (to allow for bank hours) and I will accept money transfer, cashiers check/money order or cash (meet at the bank).

update: 2015-11-27

Features:

Condition:Seller Notes:
Used
“Great driver condition 348TS with a stack of receipts and major engine out service just completed!”
VIN (Vehicle Identification Number): ZFFRG36A6M0088015Year: 1991
Transmission: ManualMake: Ferrari
Body Type: ConvertibleModel: 348
Warranty: Vehicle does NOT have an existing warrantyTrim: TS
Vehicle Title: ClearEngine: V8 3.4L, 3405cc, DOHC, GAS, FI, REAR
Options: Sunroof, Leather Seats, CD Player, ConvertibleDrive Type: RWD
Safety Features: Anti-Lock BrakesMileage: 41,000
Power Options: Air Conditioning, Power Locks, Power WindowsExterior Color: Black
Fuel Type: GasolineInterior Color: Black
For Sale By: Private SellerNumber of Cylinders: 8
Disability Equipped: No

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