With every passing year, a slew of interesting cars become available for import to the US that fall outside of the 25 year law set by the National Highway Traffic Safety Administration. I've had my eyes on the Lancia Thema for a while, but not just any Thema, the one with the 3.0 liter Ferrari V8 under the hood. Even though it was front-wheel drive, this is a piece of exotica revered by those in the know. This Thema for sale in Germany was imported to the country four years prior from Switzerland.
1987 Lancia Thema 8.32
Car is in good condition with little mileage. Carpets in the front should be replaced. Injection lines slightly corroded. Just needs some TLC and movement as it sat for three years in the garage. Sensational engine is good for a lot of fun. In five years, this car will be vintage and guaranteed with high appreciation potential. One of the first of the "nicer" series, only 2300 pieces built. Poltrona Frau full leather interior with Alcantara roof. The car has no technical approval because it was never registered in Germany and was imported from Switzerland four years ago.
It's a risk buying a car of this caliber that has sat for a while and needs mechanical attention. At about $7,800 USD, you're looking at about a $10,000 car after importation and customs fees. If you can keep the repairs to around $2,000 to $3,000, I'd say it would be worth it. The exterior looks tidy and the interior leather and wood is well preserved. Sort the mechanicals and this would be a fantastic sleeper.
-Paul
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Conceptually, the Thema 8.32 is very appealing. Nice, well-appointed conservative-looking sedan with Ferrari power.
Practically, it’s scary as hell. Lancia isn’t exactly known for quality and reliability (it helps a little that so much is shared with the Saab, Alfa and Fiat, but still). Ferrari engines aren’t inexpensive to maintain either.
This particular car has been sitting a lot, and is known to need mechanical work. Considering the above, I’d think $2-3K is a very low estimate to get it back on the road. Assuming you can find a nearby mechanic familiar with these cars who can source parts reasonably.