What's going on with the F355 prices?... Log Out | Topics | Search
Moderators | Edit Profile

FerrariChat.com » General Ferrari Discussion Archives » Archive through February 10, 2002 » What's going on with the F355 prices? « Previous Next »

Author Message
Mr. 001 (Racer_001)
Posted on Saturday, January 26, 2002 - 2:37 am:   

That's not a bad thing! lol ;)
Willis Huang (Willis360)
Posted on Thursday, January 24, 2002 - 1:58 pm:   

That's true, Doody. I'd go for the car in the best shape and reasonably low mileage also. But after getting what I wanted, I'll drive that car hard and often like Enzo intended. You gotta wonder about all those cars out there with less than 1000 miles and just get traded around though. Just sitting around is probably the worst thing to happen to a Ferrari.
Martin (Miami348ts)
Posted on Thursday, January 24, 2002 - 1:45 pm:   

Doody,
I will get more info tonight and let you know immediately.
Will be at Cavallino tomorrow. If I do not post early in the mornign and send you an e-mail direct call me: 1-888-922-7393.

I personally love yellow. (looking for Nika's approval:))
Mr. Doody (Doody)
Posted on Thursday, January 24, 2002 - 1:40 pm:   

i agree with you 100%, willis.

my 996TT is my daily driver - even in crappy weather. i've put more miles on it in a year than most people will put on theirs in three. that's fine with me!

i am buying a 355 spider and intend to drive it when i'm not driving my p-car. if i could buy a 355 new i would. i can't of course, so i will buy a reasonably-priced, pre-owned car that is as close to new as i can find.

time and mileage are a car's worst enemy. entropy happens. no reason not to start out with as pristine a vehicle as i can find*, right?

doody.

* all maintenance messes re: undriven cars notwithstanding.
Willis Huang (Willis360)
Posted on Thursday, January 24, 2002 - 1:35 pm:   

15K is a lot of miles for a 2 or 3 year old car? You're kidding, right? I thought the point of buying these cars is to drive and enjoy them with gusto. Or did I missed the true reason of buying a Ferrari entirely?
Mr. Doody (Doody)
Posted on Thursday, January 24, 2002 - 1:08 pm:   

what year was the red car, martin? 95 or 96 i'd believe. 97 is reasonable, though most 97s seem to be pushing higher (they shouldn't IMO, but they do).

15K is a lot of miles - i'm not really considering cars with > 10K miles unless the provenance is crystal - there are just too many beat-upon 355s out there.

what year is the yellow?

if you're telling me the prices are falling even faster than we think they are then you can burst my bubble every day of the week and twice on sunday ;-)

doody.
Martin (Miami348ts)
Posted on Thursday, January 24, 2002 - 12:56 pm:   

Doody, Rick;
sorry to burst your bubble and maybe it is just here in SoFLA. But I just had a 355 Spider, red/black with 15K Miles in near perfect condition, service and 15K, all tools, no dings dents etc., clear title sold for $ 110.000. My client was just too slow.

Will have a yellow one to offer at likely the same price tonight. What are you looking for?
RICK ROMERO (Tr90)
Posted on Thursday, January 24, 2002 - 10:08 am:   

i tend to agree with Doody. You get what you pay for.
Mr. Doody (Doody)
Posted on Thursday, January 24, 2002 - 6:59 am:   

i've been in the market for a 355 spider for a while now, and i haven't seen any $110K cars that i'd want to own.

asking prices are still inflated, but i've found that things are soft to the point where everybody is willing to negotiate pretty heavily.

the older cars (95, 96) are definitely getting down there. the 99s and 98s aren't going for their inflated, over-msrp askings - there's a lot of movement in those prices. 99s going in the high 120s to mid 130s seem common. the 97s seem to be in limbo - people are asking excessively and not moving - maybe it's a market resistance reaction to the older cars starting to move south ("oh no - not the 97s too!").

there seem to be much better deals on 99s and 98s than on 97s, which seems counterintuitive.

there's a lot of stock that just isn't moving. as more of these "traded in on a new 360" cars keep piling up, prices will have to drop.

another factor is that many of the cars coming up for sale now are non-trades. i've seen quite a few 98s and 99s which are just being sold - the owners wholesaled to the dealer: "get rid of it". people who need the cash. so the dealers are paying much less than they were a year ago so they can move. there were a lot of underwater cars on lots as of late - i think they're getting cleaned out.

finally, i think the price drop will continue to be relatively steep because we've got 2nd and 3rd owners selling now who bought 12, 18, 24 months ago when the prices were stratospheric. you can find 355 spiders that sold new in spring 1999 for $140K msrp and then went for $175K in 2000 and then in 2001 got dumped back to the dealer at numbers like $120K wholesale - that sort of stuff definitely seems to be going on.

my two (or four) pennies.

doody.
Willis Huang (Willis360)
Posted on Thursday, January 24, 2002 - 12:03 am:   

Ben, thanks for the info.
Tim N (Timn88)
Posted on Wednesday, January 23, 2002 - 9:27 pm:   

Is it just me or does ferrari refresh new models every 5 years?
Ben Lobenstein 90 TR (Benjet)
Posted on Wednesday, January 23, 2002 - 9:17 pm:   

Willis,

The last 100 cars are rolling of the 550 assembly line, they are Fiorano cars just like the 355 (altho not spyders). They (Ferrari factory) are moving on to produce the next revision of the 550.

-Ben
Willis Huang (Willis360)
Posted on Wednesday, January 23, 2002 - 7:59 pm:   

Red,

550 Series Fiorano? I didn't know they made something like that. I knew that the 550 was offered with a "Fiorano" package option that included the handling package, different wheels, a few carbon pieces, and, for the European markets, rollbar. I thought the only limited 550 series was the Barchetta Pininfarina.
Eric Kasir (Erick)
Posted on Wednesday, January 23, 2002 - 5:57 pm:   

A left hand drive 355 will still cost you about $60k (£42,000) here in the UK. A right hand drive model will set you back closer to $72,000 (£52,000).

I'm hoping that as the 360 starts to make its way onto the second hand market, the 355 prices will drop accordingly. Look at the 348. Seriously cheap here now. A left hand drive will set you back $33,000 (£24k), and a RHD about $45k (£32k).

Eric
Red Lindell (Redhead)
Posted on Wednesday, January 23, 2002 - 5:56 pm:   

WILLIS----
The Fiorano's F355 spiders had the F1 system, and Carbon Fiber everywhere. From the door sills to the paddle shifts themselves. As well, they have different shocks, springs, and shock ECU's. They are all #'ed on the passanger dash, below the airbag. The same goes for the 550 Fiorano's. They have different shocks/springs/ecu's/carbon fiber interior...ETC......
Jason Fraser (Jfraser)
Posted on Wednesday, January 23, 2002 - 5:37 pm:   

hmmmm, $50,000 for a 355 in Europe...not in the UK!!! Anyway if you want to get a feel for Euro prices go to www.mobile.de, it has the spread from cheap (too cheap) to priced never to sell
Jason
Mark (Study)
Posted on Wednesday, January 23, 2002 - 4:22 pm:   

"How much longer till 308's start appriciating?"

I don't think normal Ferrari's will ever appriciate again.

After the Dino and the 70's Ferrari has been building too many cars. Ferrari is a new kind of car company. This is not bad. Its just different.

Just like myself.. I came here looking to buy a 328 and the 348 fell into my price range. As I researched 348's, now the 355 is getting close to my budget.

How will Ferrari's ever appriciate again? There is always something newer and faster dropping into my price range. Lucky for me I'm not a fan of the 360 shape or the way car design is headed so I only need to wait for another $10k drop for the 355. Give it 12 months.


(I'm not talking about pre 70's cars or F50, F40, 550 spyder special edition cars. )
SteveF (Stevef)
Posted on Wednesday, January 23, 2002 - 3:20 pm:   

In a couple years the 360 refresh/replacment may be out and the 355 will be one generation older. I'd expect prices to fall but I think they'll be higher than current 348 prices unless the economy declines further.
Martin (Miami348ts)
Posted on Wednesday, January 23, 2002 - 3:15 pm:   

The 355s are coming down. JUST AS I HAVE PREDICTED! :)

Spiders available at $ 110,000 and even less
Berlinettas at $ 85,000 and will be less soon.

Where will they go, right were the 348 is today! The 348 will lose another 10K in the coming 3 years.

That is my prediction and you know I am right!
Tim N (Timn88)
Posted on Wednesday, January 23, 2002 - 3:05 pm:   

Wow, 50k in a few years?! How long untill they are as relatively expensive as a 308? How much longer till 308's start appriciating? i guess i have to change my plans around, i always thought i would have a 308 first, but if f355's are gonna be that cheap i might have one sooner than i planned.
Nika (Racernika)
Posted on Wednesday, January 23, 2002 - 2:44 pm:   

well, heck!! - order it !!!

Seriously though - how much more than the *average* would a series Fiorano be worth?
Willis Huang (Willis360)
Posted on Wednesday, January 23, 2002 - 2:41 pm:   

The Series Fiorano were the numbered ones. They're the last 100 F355s with a different suspension package. It kinda look like a lowered 355 spider. As far as I know, all are equiped with the paddle-shifting system. Otherwise, it's hard to tell the difference.

They had a nice yellow one here in the Seattle dealer's showroom last year, Nika. :)
Nika (Racernika)
Posted on Wednesday, January 23, 2002 - 2:31 pm:   

I thought the 355 F1 Spyder was numbered - or is it the one with the Fiorano package that is rare and wanted?? Please fill me in on the details - I'm saving my pennies for one
Ernie Bonilla (Ernie)
Posted on Wednesday, January 23, 2002 - 1:05 pm:   

Alright then I can get a 355F1
Frank Parker (Parkerfe)
Posted on Wednesday, January 23, 2002 - 12:58 pm:   

355s are now selling in Europe for an equivalent of $50k U.S.. That will no doubt be the price here in a couple of years.
Michael (Mtabije)
Posted on Wednesday, January 23, 2002 - 1:03 am:   

In this week's Autoweek, they had a little snippit about a TR that sold for $38K. With refreshed paint and interior. Autoweek's little comment said the "melted doorstop with cheese graters glued to it" look hasn't aged well against the newer Ferrari stylings.
Mark (Study)
Posted on Tuesday, January 22, 2002 - 8:12 pm:   

When everyone has a 360 (that wants one) then 355 prices will be at a bottom. I would guess a lot of guys are holding on to their 355's while on the two-three year waiting list for their 360.
William H (Countachxx)
Posted on Tuesday, January 22, 2002 - 7:11 pm:   

I doubt they have hit bottom yet, u can still pick up a perfectly good 512TR around there & the 550s r coming down fast also. I think 355s will level out around $80k
RICK ROMERO (Tr90)
Posted on Tuesday, January 22, 2002 - 6:57 pm:   

What is going on with the F355 prices. have they hit rock bottom? you can now pick up a late 97-98 for about $90K-$95K?

Add Your Message Here
Posting is currently disabled in this topic. Contact your discussion moderator for more information.

Topics | Last Day | Last Week | Tree View | Search | Help/Instructions | Program Credits Administration