| Author |
Message |
Todd Gieger (Todd328gts)
Member
Username: Todd328gts
Post Number: 467
Registered: 6-2002
| | Posted on Thursday, June 12, 2003 - 10:07 pm: | |
I agree with Doody...just get the car...who cares if you have to do a couple things...just having the car erases all the other stuff |
Mr. Doody (Doody)
Intermediate Member
Username: Doody
Post Number: 1219
Registered: 11-2001
| | Posted on Thursday, June 12, 2003 - 9:42 pm: | |
someone correct me if i'm wrong, but the incidence of valve problems beyond the 95 MY are like an order of magnitude lower in occurrence.
i hate to see folks delaying their gratification over rather unlikely things :-).
JUST GET IT! you'll be grinning ear to ear for months on end :-)
doody. |
Bo Bo Bear (2cool)
New member
Username: 2cool
Post Number: 2
Registered: 4-2003
| | Posted on Thursday, June 12, 2003 - 8:36 pm: | |
Thanks to all who responded. The major service cost does not concern me, however, I am concern about the valve issue. Please see my next post. Thanks again! |
Ghostrider (Threefivefive)
Junior Member
Username: Threefivefive
Post Number: 139
Registered: 8-2002
| | Posted on Thursday, June 12, 2003 - 1:24 am: | |
"I have not yet seen any 355 selling for less than low 70's even with high mileage and a lack of a 30K service and I have been looking for a while. A 1998 that needs a service would easily be in the $80's."
That's exactly what I thought, which is why the Rob's earlier quote of mid-70's to low-80's seemed light. My understanding is that a well-serviced, average-mileage (~15K - 25K miles) '95B should go somewhere in the high 70's (Ricky, the fact that you were loath to let your car go in the low 80's even proves my point further, which is that prices for 355's are still dancing around the $80K level).
Consequently, a '98 of the same condition (and also a Berlinetta), should go in the high 80's, low 90's.
That's kinda been my sense giving what little poking around I've done recently. That plus I'm seriously thinking about taking the plunge on a '95 355B, and am getting an well-serviced car for $78K, which seems attractive to me.
Regards. |
Ricky Nardis (Rickyn_f355)
Member
Username: Rickyn_f355
Post Number: 370
Registered: 8-2002
| | Posted on Wednesday, June 11, 2003 - 9:58 pm: | |
guys, just as a gauge i have had two guys offer me $83 and $85 for my car...came close to selling on the $85 offer but just cant come to selling her... |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 5265
Registered: 12-2000
| | Posted on Wednesday, June 11, 2003 - 9:49 pm: | |
Scott, might be a regional thing, I know "in need" cars going for $60-70k and "no need" cars starting at $75k. |
Scott DeGhetto (Scott63)
Junior Member
Username: Scott63
Post Number: 70
Registered: 4-2003
| | Posted on Wednesday, June 11, 2003 - 8:51 pm: | |
I have not yet seen any 355 selling for less than low 70's even with high mileage and a lack of a 30K service and I have been looking for a while. A 1998 that needs a service would easily be in the $80's. |
Ciccio (Ciccio)
New member
Username: Ciccio
Post Number: 40
Registered: 4-2001
| | Posted on Wednesday, June 11, 2003 - 4:08 pm: | |
BoBo,
I have a 97 355 GTS for sale, 12,700 miles, Florida car, yellow/black 6sp, car is in New York |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 5254
Registered: 12-2000
| | Posted on Wednesday, June 11, 2003 - 8:52 am: | |
FML is a sponsor of the site and Gearld is a valued contributer to the site. You can actually get a special deal for being a FerrariChat.com user...
The Ferrari Market Letter has been published since 1976 by Ferrari enthusiast/historian Gerald Roush. The online edition contains all of the material from the print edition and is updated when the print edition is published (approximately every two weeks). A "sneak peek" at the online edition can be found at www.FerrariMarketLetter.com. From an original modest subscription list of 131, the FML has grown to have nearly 5,000 subscribers worldwide. The Ferrari Market Letter is widely accepted as the bible on the Ferrari market as well as being highly respected for its informative articles and information. Please use the following link to get the special offer for FerrariChat.com users http://www.ferrarimarketletter.com/MEMBERS/UserMNG/index.cfm?fa=fcspecialoffer
Gearld just gave a good explanation of the Asking Price Index. Asking prices are basically useless and real sale prices are too hard to obtain, so you have to do with what you got.
I would pay $85k for a 97/98 with the 30k and being a good car. |
Raymond A. Castelhano (Oglmlw)
New member
Username: Oglmlw
Post Number: 26
Registered: 5-2003
| | Posted on Wednesday, June 11, 2003 - 8:44 am: | |
Will someone please tell me why the Ferrari Market Letter is not reffered to more often on this board?
The FML provides a lot of price data for cars such as 355. It is of course asking price based but nearly any price you see is an asking price.
Also I have found that Gerald is a very helpful person when it comes to anything Ferrari.
It has got to be worth the small online subscription cast for anyone looking to buy.
I am in no way connected to FML except I do owe him a lot for all the help I have received from him.
MrC |
JON BAER (Bobaer)
New member
Username: Bobaer
Post Number: 39
Registered: 5-2003
| | Posted on Wednesday, June 11, 2003 - 7:31 am: | |
Just to clarify the year of the car, if the build date was 11/97, then according to FNA that car is actually a 1997, not a 1998. There is actually a formula in the vin# that will give you the model year. I belive it is the 10th digit which is a letter. I have a 1995 355 with a build date of 10/95 and it is considered a 1995 with the 10th digit in the vin being a S which shows 1995 in the chart. Just an fyi. |
Ghostrider (Threefivefive)
Junior Member
Username: Threefivefive
Post Number: 136
Registered: 8-2002
| | Posted on Wednesday, June 11, 2003 - 12:13 am: | |
So what would a 16K miles, well-conditioned (30K service done, including timing belt) '95 Berlinetta go for. I'm seriously looking at one being sold be a dealer, and would appreciate an honest assesment.
Regards. |
david handa (Davehanda)
Member
Username: Davehanda
Post Number: 954
Registered: 5-2001
| | Posted on Wednesday, June 11, 2003 - 12:06 am: | |
I have seen 98 355 spiders (6 speed) with asking prices in the mid to low 90's from FNA dealers, so that would put rob's price on the money...
But you got to be willing to haggle like hell. |
Ghostrider (Threefivefive)
Junior Member
Username: Threefivefive
Post Number: 134
Registered: 8-2002
| | Posted on Tuesday, June 10, 2003 - 11:32 pm: | |
I'm actually surprised that Rob is suggesting a price of $75 to $80K for a '98 355. I though that a good price for a well-maintaned '95 w/ average miles was around $75 these days. Perhaps I'm out of touch with the prices.
Can anybody else provide a current sense of 355 prices based on what they have heard/seen in the market.
Regards. |
FABS (Caruso360)
New member
Username: Caruso360
Post Number: 47
Registered: 5-2003
| | Posted on Tuesday, June 10, 2003 - 9:58 pm: | |
Check out the tread with worn bronze valve guides on a 97 355. That problem was supposed to be cleared up in 95. It has obviously migrated into the 97 model year. I'd be concerned if it goes beyond 97 at this point. Just something to think about. As far as 30k service, plan on the $6k and up range. |
david handa (Davehanda)
Member
Username: Davehanda
Post Number: 951
Registered: 5-2001
| | Posted on Tuesday, June 10, 2003 - 9:51 pm: | |
Doody,
There was a thread recently that the 355 engines were NOT sorted out on the valve guide issue until mid year 1998, which was a big surprise to everyone. Someone posted the TSB, with the engine numbers...a search should bring it up
uh, "bo bo" take Rob's advice, he is right on the money.. |
Mr. Doody (Doody)
Intermediate Member
Username: Doody
Post Number: 1208
Registered: 11-2001
| | Posted on Tuesday, June 10, 2003 - 9:22 pm: | |
a major on a 355 shouldn't cost you more than $5K base, perhaps as low as $4K. the conventional wisdom is five years on the major - so it was overdue as of last fall.
and they ALWAYS find something else wrong of course ;-)
rob is dead-on --- absolutely do a PPI.
they had these things pretty well sorted out by the 98 MY - i don't recall any major reported problems anecdotally here or in the literature.
figure $2K per year for service. you'll spend $500 to $1000 per year on basic service and random junk, and sack away the other $1K or more per year in preparation for the major every five years.
good luck!
doody. |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 5247
Registered: 12-2000
| | Posted on Tuesday, June 10, 2003 - 9:13 pm: | |
If it hasn't had the major service (aka 30k) it will need it because it's been almost 5 years. That will cost $6-8k if they don't find anything else wrong. Get a PPI and if the engine and rest of car are good, then a good price would be about $75-80k. I'm sure the asking price is up around $100k, if they don't come down, then move on. |
Bo Bo Bear (2cool)
New member
Username: 2cool
Post Number: 1
Registered: 4-2003
| | Posted on Tuesday, June 10, 2003 - 9:07 pm: | |
I'm looking at 1998 355. About 10500 miles..built date of 11/97. What's a great price on clean GTS? Does after market brakes and tubi increase price? Is there issues still on this production date? How soon is the 15K (and cost) is needed for this car? Any other thoughts on what to consider. I have review all prior post and got some answers..but wanted current update from the group here. Thanks!! Very serious buyer. |