Why Buying my 1st Ferrari Is Harder than I thought! - $400 Ferrari Flip

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I found a Ferrari 348 that would be a perfect 1st car for my Flipping $400 to a Ferrari series but we have come across some difficulties
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[@sconartist]

If you’re going for that look, hold out for the 355. IMO the 360/430 is the perfect V8 Ferrari, and you can get all of them with a gated six

[@renrut1613]

Your a smart man passing on that car. People get themselves to wrapped up in the bidding and don’t stay logical. Nice to see you did

[@patrickwatson5276]

Great discipline Craig, that was the summer time retail red price. 7 owners and the paint overspray were red flags to me. Good luck in Florida.

[@daanenstrachanphd6096]

The auction price was too high and should have been around 58k to 60k.

[@supericeman1]

Hey Craig, I'm so happy for your success and your passion for buying and selling cars and teaching others about your craft and all the fun shenanigans along the way!

[@brianhayes7618]

You did the right thing stopping where you did. It's so easy to get caught up in the bidding fever war that people go crazy and end up paying way too much money for what they want. Good luck in the hunt for the flip car you truly want

[@garyquartley1084]

Congratulations on NOT overbidding on this car!! I buy and sell watches and it's hard to back down, but you have to be realistic. Can't wait to see what you buy!!

[@BonnersMonsters]

I saw the original video when it released and it made me subscribe. I haven't kept up with every single video, just popping in on your journey along the way and i can't believe it's finally time! ❤ 🏎🐎

[@HeathStallcup]

The 308/328 will always be my favorite Ferraris. Maybe I watched too much Magnum PI when I was younger.

[@clifbradley]

I subscribed tomyour channel the first episode of this series. I stayed with it until a few months ago because I felt like it was never going to happen amd we were being strung along. I'm glad we are getting some progress on this now and we are going to get to the conclusion...maybe. probability is very low....have to start watching again.

[@devontemitchell8045]

Been watching your videos since I first started selling cars at a franchise dealer about 4 years ago, fast forward to today and I’m about a week out from opening my own dealership! Your videos have been a huge inspiration for me couldn’t thank you enough!

[@highendtrends3508]

The prices have gone through the roof for those cars! Cars of that nature are just getting more appreciated over time. It’s like Porsche, those are going through the roof as well.

[@mattgould4366]

With the kind of money you have now, I would hold out for at least a 430 if not a 460. The early 348's had chain tensioner and cam bearing issues that could be pretty costly. Buying it online is pretty risky. Better to look at that one in West Palm.

[@dancudalocklin]

I Love that you have got to this point. I have a few projects, maybe i'll try something similar.

[@ericl452]

I was on Ferrari Chat for several years when I was looking for a Ferrari. This was around 2015 through 2017. The 348, especially the first year 1989, was the least desirable of the 3xx series cars. You could find them back then for less than 30k with mint examples around 45k. 355s were about 5 to 10k more. 360s were about 60k to 90k. Testarossas were about 30k to 90k for a mint 512TR. The Testarossas were the real bargain at the time. I would hold out for a 355 if you want an old school toy. Prices are definitely in a bubble now, like housing. I ended up buying a 911. But the way, both the 348 and 355 require periodic engine out service for the timing belt. Figure on about $7k for the belt service.

[@marceldel4323]

Nice video, 348 is a 5-speed and not the last gated. The spider is the rarest of the regular 348s TB, TS and spider. (not speaking about the special series like GTB,GTS, Challenge, Series Speciale,and the Competizione. In the last couple of years these care have gained popularity.

[@WayApp]

Wow, what an amazing journey you're taking us on!

[@garyohara8927]

I really like these vids. Like lots of other people I’m a big car guy so I love the concept of the $400 Ferrari and hearing about your dealership

[@tonyfranks9551]

When you get your 348 Spider I hope you enjoy it like I did mine (Ferrari Yellow).... I bought it in '94 and got the dealer to ship it back to Modena (at no cost).....drove it around Italy, France and England ....on the QE2 to NYC and drove it back to Vancouver ..and yes is does red line in top......no problems in 4yrs of ownership and trips with the Pacific NW Ferrari Club out of Seattle....great times....it must be driven!!!!!

[@robertclubs9908]

Awesome show Thanks. 😊