| Author | Message | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 86 Registered: 7-2003 |
Robert: I agree with your numbers, they mimic about what I was finding when I was looking. Edward: When you get into weird combos the market determines your price and all you can do is guess. In South beach Miami it may actually command a premium! In other places it could take a healthy whack. All you can do it start at standard pricing and hold there forever or adjust as needed. | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 85 Registered: 7-2003 |
Nick, I purchased mine at FoSF. A real class act over there and got me on the 360 Spider waiting list. Your friend must have listed his for sale after I bought mine, as I scoured cars.com, duponregistry, e-bay, google, FerrariUSA website, Ferrari Market Letter, autotrader, etc... Although, Titanium with a Tan interior is a strange color combo, I wonder if I would have liked it.... -- Michael | ||
| Edward (Edward_96gts)
Junior Member Username: Edward_96gts Post Number: 114 Registered: 8-2002 |
So what would be the price of a mustard and catsup(yellow w/ red int) six speed go for? It has daytona power seats, shields, leather headliner/shelf. 2001 Modena coupe. This is a very tough color combo to resell. | ||
| robert di meglio (Robdimeglio)
New member Username: Robdimeglio Post Number: 23 Registered: 3-2002 |
My 2 cents on approximate real prices on 360 coupes assuming 1K miles for an '03 and 2K miles for each year older (based on the fact that 2.5K miles/year seems about the average for this model): 2003 - $175K 2002 - $165K 2001 - $155K 2000 - $145K 1999 - $135K The above values would be for no stories, very good condition cars with decent colors and options. I would subtract about $1k to $2k for each additional 1,000 miles sincew these cars are all still fairly new and in demand. Going by the above guidelines, a 1999 360M in good condition with 14K miles should sell for about $128K, which makes the asking price of $134K about right, IMHO. | ||
| Nick Tingle (Ntingle)
New member Username: Ntingle Post Number: 8 Registered: 6-2003 |
Michael, He's in Los Gatos (where you are!). I think he only had it on cars.com. It's probably still for sale. email me at nick at tingle.com if you want more info. Where did you buy your 360 from? I was looking a little while ago but decided to get on the list for a new one. I already turned down a (new) red one @ MSRP as I want a different colour, and also wouldn't mind taking advantage of any mid-04 model changes. Nick. | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 84 Registered: 7-2003 |
Nick, "I also saw a perfect '02 Tit/Tan F1 here in N.CA with 3K which was on sale by the owner for months at $165k firm. Didn't sell." A few months ago I was looking for my 360 and I can tell you for fact that if i saw his '02 at $165k firm I would have bought it at that price. Since I scoured the eartch for these cars, I would bet his is not selling becaues he is doing absolutely nothing to advertsie it!!! Where is he selling it and where did he advertise? -- Michael | ||
| ELI (Titanium360)
Member Username: Titanium360 Post Number: 681 Registered: 4-2002 |
NIck, the car on ebay has absolutley no options on the car except for the F1. | ||
| Morrie Richfield (Carnut)
Junior Member Username: Carnut Post Number: 104 Registered: 11-2002 |
I know someone who emailed that seller, was told the car was for sale at $165.00 | ||
| Carstore of Glenside (Carstore)
New member Username: Carstore Post Number: 22 Registered: 9-2003 |
Take notice that a buyer with a 1 rating was his top bidder. I would bet if you call the seller the car is still available, but not for that price. | ||
| Nick Tingle (Ntingle)
New member Username: Ntingle Post Number: 7 Registered: 6-2003 |
Here's a red/tan 2001 US 360 F1 w/6K just sold on eBay for $139k: http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=2438924826&category=6212&rd=1 I also saw a perfect '02 Tit/Tan F1 here in N.CA with 3K which was on sale by the owner for months at $165k firm. Didn't sell. | ||
| Brian Kennedy (Kennedy)
Member Username: Kennedy Post Number: 607 Registered: 3-2002 |
> That's way too much ! $100k max for such a car. Huh? What "such a car"? If a 360, any year, is going for less than $100K, it must have been in a wreck. A Euro with a *lot* of miles might be under $110K. Maybe. | ||
| J.D. Smythe (Jeff)
Member Username: Jeff Post Number: 301 Registered: 2-2001 |
Morrie I have a question. I'm going to send you an email. | ||
| Frank Parker (Parkerfe)
Advanced Member Username: Parkerfe Post Number: 3143 Registered: 9-2001 |
That's way too much ! $100k max for such a car. | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 83 Registered: 7-2003 |
Hubert: "In all fairness an '02 car will have a lot less "room" than a '99 car, no?" I don't think so. With '02's asking "$170k+" and '99's asking "$130k+", I think they both have similar room, no? "And, about the milage... in my experience 5k miles on 360's is unfavorable (from a buyers perspective), and anything in the teens, is percieved as high miles." Frankly, I think for a '99 or '00 model, 5k miles would be considered relatively normal. In fact, I am going to back this up with some figures... I just looked at the Ferrari Market Letter and they have 24 '99 and '00 360 Coupes. The average maileage on all of them is 6955 miles, ranging from a low of about 1300 miles to a high of about 15000 miles. In regards to "asking prices", there are 9 '99's and the average asking price is $147,611. There are15 '00's and the average asking price is $155,996. I have always found the asking pices in the FML to be way too high and I do believe these prices can come down $10k or so. But, a '99 that is asking $130k with 5k miles is not going to get much movement I don't think. "I gave Art C. a lead on a 99 coupe, let's see what he offers them, what the seller refuses or what he gets it for. ( I have a feeling it'll be " a little over 100k")." I am interested to see where that goes. -- Michael | ||
| ELI (Titanium360)
Member Username: Titanium360 Post Number: 679 Registered: 4-2002 |
Minimalist, i sold my 00 coupe 6 speed pristine condition with only 5K miles to my local dealer for $145K. the 360 you are looking at should be around $125K-$130K based on the high mileage. just my $.02. | ||
| Hubert Otlik (Hugh)
Intermediate Member Username: Hugh Post Number: 1621 Registered: 1-2002 |
Michael W.: In all fairness an '02 car will have a lot less "room" than a '99 car, no? And, about the milage... in my experience 5k miles on 360's is unfavorable (from a buyers perspective), and anything in the teens, is percieved as high miles. I gave Art C. a lead on a 99 coupe, let's see what he offers them, what the seller refuses or what he gets it for. ( I have a feeling it'll be " a little over 100k"). | ||
| Andrew S. (Andrew911)
Junior Member Username: Andrew911 Post Number: 76 Registered: 9-2003 |
Michael M- point taken on the 360 being the current car (and one with a waiting list to boot) in reference to sellers movement from asking prices... | ||
| Morrie Richfield (Carnut)
Junior Member Username: Carnut Post Number: 103 Registered: 11-2002 |
Okay guys this post might be alittle self serving so give some slack. Michael, my experience was very much like yours, made offers on a few cars was told flat out no thanks. I hear lots of stories about cars selling at these low prices, but I've never seeen one myself. Now the self serving part. I took my 01 360F1 coupe to Algar Ferrari, seems my 04 spider is on the water and over a month earlier than expected. They are selling for me (want that tax credit), so if anyone is looking for a pristine car at a fair price, give those guys a call. | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 82 Registered: 7-2003 |
Andrew: "Well, there is a difference between "asking prices" and the actual purchase price....at least on every car I've bought..." Well, yes, that is the case with most pre-owned items that are sold. But, the specific example cited is a car advertised for $130+k selling for $100k - $110k, and we are talking about a 360 which is the current model Ferrari that is holding its value the best. Does anybody have a confirmation of a transaction that took place where a US Spec 360 sold for $100k which was advertised for $130k? -- Michael | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 81 Registered: 7-2003 |
Hubert: "I think you may have mis-read my sentiment (although you may have a conflict of interest re: 360 values)." No conflict. I bought my 360 just 2 months ago and spent well over a month looking at values and sales with a fine-toothed comb. Due to the amount of research I did I think I am somewhat qualified to talk about current values. "At any rate, my comments about "high mile" cars are specific to cars that have 15k+ miles (which in ferrari parlance is "high miles")." Your prior post stated that 5k miles was "high-miles", now you are stating 15k miles. Where did the extra 10k miles come from? "BTW, asking prices may be in the 130's, but the selling price will be south of that, I'm sure of it." South, yes. $20k - $30k south? Not at all my experience. I made several offers on cars and nobody would budge more than about $5k off asking. Case in point... Dallas Lambo had a 2002 360M with 700 miles asking $172,900. I offered $165k and it was flatly refused, they sold the car a week later around $170k. ELI on this board had a 2002 360M that I was also interested in, he wanted $175k and a dealer bought it for that price to resell for a profit!! Can anybody give me examples of asking and eventual selling prices on 360's to verify this asking vs. sales prices on these cars? -- Michael | ||
| wayne skiles (Bad_tt)
Junior Member Username: Bad_tt Post Number: 157 Registered: 8-2002 |
The seller is Car store of Glenside. I rate them A++++. Just bought a 348TS then a 550 Maranello from them. An honest straight shooter from my experience. For what it is worth. | ||
| arthur chambers (Art355)
Advanced Member Username: Art355 Post Number: 2820 Registered: 6-2001 |
Nibbles: He did, and I called them. hahah. Art | ||
| Andrew S. (Andrew911)
Junior Member Username: Andrew911 Post Number: 75 Registered: 9-2003 |
Michael- in reference to "I have NEVER seen a '99 360 for a "little over $100k". I have seen a few in the $130k range, but nothing in the $100k - $110k range" Well, there is a difference between "asking prices" and the actual purchase price....at least on every car I've bought... I do 110% agree with your assessment on transmissions though...I am a hopeful Ferrari owner, and my personal preference- requirement more accurately- is 6-speed stick. I know many people love the F1, but I for one will not buy one. I love the 355, and I tend to see more 6-speeds than the 360s where it seems to be more rare. | ||
| James Glickenhaus (Napolis)
Advanced Member Username: Napolis Post Number: 2952 Registered: 10-2002 |
I've put 275K on three F cars over the years, about 10K a year. | ||
| Michael Chan MD (Mikechanmd)
New member Username: Mikechanmd Post Number: 3 Registered: 9-2003 |
Can Ferraris be driven up to 100,000 miles? Or more? 15,000 miles is what I put on my current (non-Ferrari pedestrial sedan) car a year. What keeps owners from putting high miles on their Ferraris? The cost of maintenance? The fear of depreciation? | ||
| les brun (Labcars)
Junior Member Username: Labcars Post Number: 186 Registered: 1-2003 |
Whimike, ditto on your comments. | ||
| Hubert Otlik (Hugh)
Intermediate Member Username: Hugh Post Number: 1617 Registered: 1-2002 |
Michael W. (Whimike): I think you may have mis-read my sentiment (although you may have a conflict of interest re: 360 values). At any rate, my comments about "high mile" cars are specific to cars that have 15k+ miles (which in ferrari parlance is "high miles"). As most buyers are still looking for cars with delivery miles, or a little over, b/c there's a lingering , pre-concived, notion that a ferrari should be bought and sold with as little miles as possible, or it's simply not worth buying. BTW, asking prices may be in the 130's, but the selling price will be south of that, I'm sure of it. | ||
| Nibblesworth (Nebulaclass)
Member Username: Nebulaclass Post Number: 815 Registered: 11-2002 |
You think he's gonna tell you, Art? He may, but it'll only be AFTER he buys it for himself.... | ||
| Michael W. (Whimike)
Junior Member Username: Whimike Post Number: 80 Registered: 7-2003 |
Hubert, I don't agree with your assessment, at all. I have NEVER seen a '99 360 for a "little over $100k". I have seen a few in the $130k range, but nothing in the $100k - $110k range, which is what I consider to be a little over $100k. I assume we are all talking US spec cars here? On a 360 5k miles not the line that makes it "high miles". Certainly, there are price adjustments as you cross 1k miles, 2500 miles, 5k miles, 7500 miles, 10k miles, and 15k miles. But, 5k is certainly not considered high miles in these cars, 10k is probably the line currently. In your last statement that the Manual tranny equates to a discount over the F1, in my experience on pre-owned cars the tranny makes almost no differenace, at all, in the price of the car. In fact, many people are opting for the manual tranny now and they are actually quite difficult to find since most production was made with the F1. As the cars get older and maintenance becomes more of an issue, we may actually find the Manual tranny cars go for a premium due to what could be a maintanance nightmare on F1 trannies down the road. | ||
| Minimalist M (Minimalist_m)
New member Username: Minimalist_m Post Number: 10 Registered: 4-2003 |
To Hubert: Thanks for the clarification!  | ||
| Hubert Otlik (Hugh)
Intermediate Member Username: Hugh Post Number: 1616 Registered: 1-2002 |
Minimalist M: No, no. The 360's have "some" problems, but they've mostly been in the periphery, and seem to effect the F1 cars; i.e., premature clutch wear, solenoid lock out, and other F1 related maladies. What I meant , when I commented on the mileage perception, was : most speculative ferrari buyers preferentially look for ultra low mile car, as they see the purchase of a ferrari as an investment; however, the case has been made many, many times before that a regularly driven ferrari (360 included), will have undergoune more regular, more routine manitenance and therefore will actually be a more pragmatic choice for the individual that wants to DRIVE their ferrari v. simply enjoying the vested enterprise of OWNING a ferrari (i.e. parking it in their garage, and putting EXACTLY 12.5 miles on it every sunday). (The "garage queens" that I brought up , are usually cars that sit for years, and components have degraded over time, belts have hardened, fluids dentaured, etc. , but they LOOK really nice; therefore, if someone were to want to actually drive such a car, they'd have to update the maintenance history (as people believe that only miles dictate service needs), and therefore a low mile example can not only cost more, at purchase, but much more in "resorative maintenance.") ps: the 360 is still a relativly new model, so none can really become a nightmare. But , if you think about it, a 99 car is going on 5yrs, and should be coming up on a 30k service (even if it's only got 5000 miles, it's still got belts that have 5 yrs on them). | ||
| Minimalist M (Minimalist_m)
New member Username: Minimalist_m Post Number: 8 Registered: 4-2003 |
To Hubert: What do you mean by maintenance nightmare waiting to happen in reference to 5000 miles on a 360? Is there a lot of mechanical problems with the 360? | ||
| arthur chambers (Art355)
Advanced Member Username: Art355 Post Number: 2816 Registered: 6-2001 |
Hubert: If you know of a 99 360 for around 100k, and in good condition, let me know. Art | ||
| Hubert Otlik (Hugh)
Intermediate Member Username: Hugh Post Number: 1606 Registered: 1-2002 |
I think that car will be bid up to the low 90's. FoSD has a blk/blk 360 with similar miles and the aksing price was in the high 120 low 130 range (also the std. tranny equates to a discount as the F1 is the more soughtafter option); I would think you could get a '99 360 coupe for a little over 100k, since anything over 5k miles is percieved as "high miles" and regarded as a maintenance nightmare waiting to happen (although in most cases, the garage queens usually cost you double). | ||
| Gary Brauch (Gary_brauch)
Junior Member Username: Gary_brauch Post Number: 51 Registered: 10-2003 |
I think the 360 Modena in 1999 was around $140 list new, the 2003 is $150. Dealers won't mark them up, but there is a waiting list. | ||
| Will 575 (Willh)
Member Username: Willh Post Number: 355 Registered: 3-2003 |
Hmmm - yellow ext, black interior w/yellow stitching, 6 speed, seller has 100% feedback, though not a lot of sales, shows lots of photos. The 134K buy it now price must result from the 16k miles? | ||
| Minimalist M (Minimalist_m)
New member Username: Minimalist_m Post Number: 4 Registered: 4-2003 |
Nice! Then there's hope for poor dreamers like me! I thought that maybe this $134K coupe was wreaked or something! I cant' wait to buy my first Ferrari! | ||
| Andrew H (Stokpro)
Member Username: Stokpro Post Number: 304 Registered: 6-2003 |
Not even. Try about $140k for a '99 Modena. | ||
| dave handa (Davehanda)
Intermediate Member Username: Davehanda Post Number: 2150 Registered: 5-2001 |
Spiders not coupes...and late model, low mileage spiders with F1 go for over $200k. | ||
| Minimalist M (Minimalist_m)
New member Username: Minimalist_m Post Number: 2 Registered: 4-2003 |
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=2439474464&category=6212 Is this a good price? I thought 360s costs in excess of $200K! |