Don't Buy This 86 Ferrari 328 GTS
Excerpts from Actual Appraisal by Steve Cram
Palomino Leather to seats and panels.
19,109 miles showing (semi-documented).
Using the traditional rating scale for vintage
and/or collector cars of 1 to 5 (1, mint/show/perfect; 2, very
good; 3, good; 4, fair; 5, poor/rough; 6 for junk), this very
well-kept car is in almost #1 condition or A- on the report card,
although the mechanical pedigree is somewhat shady and not
Almost #1, no rust or impacts showing, paint
almost #1 (dings on both doors that are minor),
hardware/chrome in exceptional condition as are rubber
grommets and seals; same glass and lenses; Tires #1-#2,
wheels almost #1. Overall: impressive.
Well preserved with some stress marks showing
on bottom and back of driver's seat only. Rest of interior is
superb and could be shown. All instruments and functions
controlled from within work as they should.
Trunk compartment (forward):
Almost #1 shape - even the telescoping lifters are not mangled. Both
fans operate as they should; cooling system seems to be in
#1 order. Battery is older and much too small for this car;
should be replaced immediately with very large and hot battery
that usually comes with such a car.
Car started with some coaxing then warmed up
making exactly the correct sounds that this unique engine
should make. Tested out very well on the freeway and about
town: NO flaws. Usual bitchy transmission which performed well
but made strange sort of "ratchety" sound in neutral at idle.
This particular vehicle was sold new by Walnut
Creek Ferrari dealer, Narotam "Nims" Dhillon, who was
indicted by the Federal Government for income tax evasion
and his business operation subsequently closed down. Factory
owner's manual has required first two service stubs torn out
and car was serviced on 6/2/87 with 1615 miles on it and then
again on 1/13/89 with 6404 miles. Original owner(s) is not
inscribed in front of manual and no mention of owner(s) is
made on remainder of these two service stubs. Vague history
This vehicle has been represented as a one owner car with
pedigree and appraiser feels while the car is drop dead
gorgeous, there is something shady with its past ownership(s).
So far, the appraiser feels that no less than 4 people have had
the car for some length of time and there may be a fifth. It is
possible that only 1 or 2 really registered the car at all. No way
to tell without complete from day one pedigree. Selling
dealer, Nimms, was notorious for associating with and selling
to various underworld types throughout the Bay area (and is still
under investigation by DEA) and sadly, this car may be one
that was used and not registered by a parade of persons
Value as in this appraisal/documentation:
DO NOT BUY. While this car was
represented as a one owner car, it obviously is not and
perhaps current seller does not know that. If your desire is a
one-owner pedigreed car, then this one is NOT it.
While the car is truly gorgeous and performs superbly well,
something just isn't right and this appraiser's 30-year old
warning bells have gone off big time. There are other 328s out
there, and time is on your side. It is a buyer's market.