New guy, first Ferrari, 99.9% set on buying. | FerrariChat

New guy, first Ferrari, 99.9% set on buying.

Discussion in '360/430' started by gurukid, Jul 29, 2014.

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  1. gurukid

    gurukid Rookie

    Jul 26, 2014
    5
    Hi guys,

    I'm new to FerrariChat, but not new to forums. I usually lurk over at 6speed in the porsche forums.

    Anyways, the time has come for me to move on from my Porsche 996. After considering many different options, I've narrowed it down to the following:

    1) Ferrari 360
    2) Porsche 997 (possibly gt3)
    3) Porsche 996 Turbo

    I've never driven a Ferrari so I'm not sold on it, however, my Porsche 996 is simply amazing. In my heart, I've always wanted a Ferrari, it's been a dream of mine, and the timing is absolutely perfect (selling my business). I hope it impresses me enough to take the jump.

    I'll be spending the next 30 days or so looking for a 360. Knowing nothing about them, except minor reading here and there, I have some questions.

    1) Do you own / have you owned a porsche 911?

    2) If so, how does it compare to the 360?

    3) There are countless posts about "what I should look for before buying", what are the real important things?

    4) Should I save money by purchasing one with a few "issues", if so, what are some minor issues that bring down the value enough to save me some money?

    5) Can it be driven on a weekly basis? Feel free to ignore if it's a stupid question.

    6) Is it easy to service yourself?

    7) How do indy shops compare to over indy shops price wise? i.e. porsche indies vs ferrari indies - do you have exact hourly rates off the top of your head? (I don't find many reliable Ferrari indies around sarasota, Florida. In fact, I keep seeing the same 360 at different "Exotic mechanic" shops weekly......) My G-Wagon keeps me at the shops often hahah.

    8) It looks like timing belt kits are readily available for $450-$1000, are these safe?

    9) If you could pick one of the above, which would it be and why? (optional)

    I buy my porsches from a porsche specialist, however, he also loves Ferrari and advised I purchase one. He told me to skip the 360 and get a 430, which he would find at auction. The reason is because he said it's very hard to service a 360 they way the chassis is design (need to drop the engine, for belts, etc). After I spoke to my porsche guy, a different guy who is an exotic dealer told me the 360 has the same "trap door" a 430 has, so it's easy to service... Is that true? I'm actually an aftermarket performance part supplier, distributor, developer, and manufacturer, so I know my way around cars very well, servicing will be no issue. The only reason I wouldn't/couldn't service is because I travel so often. However, I only drive my porsche once or twice every 2 weeks, is this bad practice for a Ferrari?

    Finally, I've read up on it, and it appears (please don't bash me), that the F430 front bumper and F430 sideskirts are compatible with a 360 with little to no changes required, is this true? I'm not too keen on the stock 360 front end or side skirts, I feel it could be much more aggressive. Also, I do track my cars sometimes, even though I'm still clueless everytime I'm out there hahaha.

    Thanks, and PLEASE FORGIVE ME, if this causes any grief, breaks rules, or otherwise annoys you guys or appears to demanding. I've been reading up substantially, so please no "letmegooglethatforyou" links, lol.

    Thanks in advance

    Alex
     
  2. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,309
    South East
    Full Name:
    Jimmie
    Both of these cannot be true it seems to me and from your questions the former is more accurate

    Start with the buyers guide at the top of this section then look for the many associated threads that follow : you're not the first person here to buy a 360 nor the first to also consider a Porsche nor the first person to ask most of these questions
     
  3. ferraristyle1

    ferraristyle1 Formula Junior

    Aug 2, 2013
    264
    Baltimore, MD
    I have owned both of these cars 996TT and a 360.

    They are totally different cars. I will say that in my opinion the 996TT is an all around better car in almost every catagory. It's more reliable (seems like my 360 has a minor glitch every week), cheaper to maintain, and will outperform a 360 hands down.

    My 996TT is way quicker than my 360. The 360 is quick but not fast. YTD maintenance cost has been $886 VS. 7k in the Ferrari (had to get a major and new tires which is a bulk of it). As we speak the 360 is in the shop chasing down a slowdown light error. Both of my cars are comparable, the 996 02 with 16K, the 360 02 with 15K. Build quality is better in the porsche as far as the interior goes (no sticky buttons) and I wouldn't think twice about putting 100K on the 996. I would question that decision in a 360.

    All that being said, driving the Porsche is just....well...driving a porsche. Think about it, you don't park beside a porsche and say oh look I just parked beside a porsche....park beside a ferrari and it's a different story. And this is where the ferrari shines. It's wow factor is far greater than the 996, so if you don't like attention this car is not for you. Taking the ferrari out becomes an event, and a treat, where I never feel like that with the 996. The feeling that you get is almost spirtual.

    If your looking a 430, you could probably end up with a 996TT and a 360 Coupe for close to the price you would pay for a 430. Say 70K for a decent 360 Modena and 45K for a decent 996TT. $105K is about entry for a 430.

    Just my two cents.
     
  4. gurukid

    gurukid Rookie

    Jul 26, 2014
    5
    7k YTD? Can you tell me the breakdown? I've spent 5k YTD on my 996, but it's was clutch, ims, rms, flywheel.

    Did you take it to an Indy or a dealer? I really appreciate all the help. I am considering spending 15-30 days finding a good one and pulling the trigger.

    It's just odd, some people claim 3k/yr, some say 5k/yr, and some say 20k/yr. I realize certain events could effect this, but it's always good to get an idea based on current times.

    Thanks,

    Alex
     
  5. gurukid

    gurukid Rookie

    Jul 26, 2014
    5
    Yeah I tend to ramble. I'm looking for people to chime in, thanks for the advice though.
     
  6. OUMick

    OUMick Formula 3

    Apr 26, 2014
    1,090
    Myrtle Beach, SC
    Full Name:
    Mike
    Don't know anything about a Porsche other than their drivers head whip around when I drive by them. I am sure the cars you mentioned will outperform the 360 but I can't believe it's the same. If I go out for a 30 minute drive, at least 3 people will take pics of my car. The attention is unreal. I almost get embarrassed from it when on busy roads. You will need to be much more defensive in traffic. Everyone wants to get close it. Who knows on the repair bills. Mine goes to an independent shop. You will get a wide variety of opinions on upkeep cost but they will be high.
     
  7. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,916
    Charleston, SC
    Full Name:
    Curt
    1) No, but I had two 924's, a 928 for 17 years, and a 986. 986 was a piece of **** with regards to reliability to the 928. at less than 70k miles had to replace all the control arms, a clutch hose, clutch master cylinder, etc. All cheap plastic parts with a 996 number on them. 360 is built the right way, e.g. steel lines to the clutch wink wink.

    2) Actually handling was similar with midengine around the corners.

    3) Read the sticky on the top, download the owners manual and read it. Owners rarely do that.

    4) Euro, "high miles" >20-25k it seems, any color other than red, yellow or black. You can but I argeu only if you can do the work on it yourself. It's much much easier to work on than the 986 and the 996 from working with my friend on his. (spark plugs anyone).

    5) Yes but it will be expensive as a daily driver. I drive mine each and every weekend. If they sit, they have problems.

    6) After owning a 928.. any car on earth is easy to repair. I do most all repairs. Only thing I hand over to my indy are belt changes and a clutch if it goes. YOU NEED TO FIND AN INDY BEFORE YOU BUY YOUR CAR. Go to the regional area here and see who's reputable.

    7) My indy charged the same if I brought in my 986 or 928 or my 360. Same hourly rate. Parts are about twice as expensive. YOU NEED TO FIND A INDY THAT KNOWS THESE CARS! My car had 50k miles when I bought it. The things the prior mechanics did as I "fixed" the prior repairs tells me it was brought to porsche mechanics and toyota mechanics, etc.

    8) Same timing belts as any other sports car except 355 and 360 belts havea kevlar webbing on the tooth side that prevents disintegration. belts are accessed via a hatch like the Boxster. Any mechanic that doesn't know this shouldn't touch it. You can replace them yourself. I just opt not to as I don't have a lift.

    9) This is going to sound terrible, but nobody cares about a porsche or how fast it is except the driver. 944's.. the only guys that even look at it are guys like myself that used to own a 924/944 and get nostalgic. What amazes me are the number of Porsche owners, esp. 997 owners who don't wave. Dude because you leased a car and have an attitude.. really? it's just a Porsche. Each and every drive someone is taking a picture or a video of the 360. It's always funny on rennlist.. "yup she's still got it! A person said to me "nice car" twice this week!" Really.. that's the first hour.

    My 360 is the first Ferrari I drove as I drove it off the delivery truck. Every time I get behind the wheel its the same feeling. Porsche doesn't come close.

    That being said, if you need a DD car. Get the Porsche(s). They're just more "refined" for daily use. After my current mini S expires next year or so.. I'm going back to a Cayman or a 997 as my DD. I'm NEVER selling the 360! Go to Cars and Coffee and find someone who can take you for a ride. If you're serious.. they'll be game.
     
  8. ferraristyle1

    ferraristyle1 Formula Junior

    Aug 2, 2013
    264
    Baltimore, MD

    Major Service plus 4 tires was 5K. Been in the shop (indy) 3 times. Once to replace a shifter bearing ($500 p/l); once to see what was going on with the "slow down light and code read ($115); oil change again to look into a tapping issue ($300); probably getting new cat ECU's to solve the "slow down" light ($1000 p/l); new rear tailight (bad ground in unit) ($200), new centercaps (cracked) ($125). Everything in the Ferrari is expensive (almost like a boat). These cars are not expensive to buy, they are expensive to own.

    In contrast, my breakpads done by dealer on the Porsche was $886 and that's all I've had done. About the same for my Cayenne GTS which is my DD.

    Plan on spending a decent amount of time looking for the right 360. It took me 6 months to find mine, but I wanted under 20K, 6 speed, red on tan, with challenge grill and fender shields. If you're not that particular, your search could be less.

    Whatever you do, spend the $$$ on a good PPI. I spend $1000 (500 on 2 cars) when I was seaching. Money well spent in the end as the first had convertable top issues that can cost $20K to fix.

    430's are slightly less maintenance as they are chain driven. Post 2002 360's are marginally cheaper on maintenance do to an access panel thru the firewall that was added.
     
  9. txitalia

    txitalia Formula Junior

    May 5, 2013
    503
    Houston
    Full Name:
    Frank
    I just purchased a 2007 F430 and I love it! I also have a couple of Lamborghini's and a 996TT.

    I've done a lot of upgrades to my 996TT and just about have it perfect. But it took 4 yrs of upgrades, tweaks and tunes and MONEY to get there.

    The Ferrari was perfect, immediately! Nothing to do but change the oil, install the clear bra, and drive! Faster than the 996tt was stock, but you can't upgrade the power as easily as a turbo.

    But that's ok, don't need to. She's plenty fast where it counts and sounds absolutely amazing ALL THE TIME! Not to mention the seats are prefect, 'the turn in' is spot-on, the ride both refined, yet nicely controlled. Like Jeremy Clarkson said, 'This car is simply brilliant!'

    Oh yeah, I spent less money on the Ferrari in purchase than I did buying, tuning, and upgrading the Porsche by several thousands! Add in the 'wow factor' of a Ferrari and you have a significantly upgraded automotive experience!
     
  10. Sramsay

    Sramsay Rookie

    Jul 15, 2014
    34
    Just got a 360 spider last weekend. Totally different than my 996tt. I feel that driving the Ferrari is an 'event' not just a drive. I love my tt it's got a Tubi and chip, but it doesn't give me the same feeling as the 360. The turbo is faster (don't care), the turbos breaks are better (don't care) if you get the right one you won't regret it. My spider is a stick with 6k, red and tan with challenge grilles , 2005. I got it ' authorized' by ferrari and paid extra 5k for full one year warranty (let's me sleep better) check out Condon and Skelly for ins. Half price compared to others, I switched my tt to them also. Good luck
     
  11. mikeyr

    mikeyr Formula 3

    Jun 17, 2004
    2,154
    Santa Barbara, CA.
    Full Name:
    Mike Rambour
    I will answer number 5. I drive mine daily for the last 2 1/2 years, no issues at all from daily driving, car has 60k miles.

    I am now having my car serviced by a indie and I prefer the service they are doing, I trust them more than the stealership.

    Never had a Porsche so can't compare...but the Cayman sure has my attention lately.
     
  12. Chiaroman

    Chiaroman Formula 3
    Rossa Subscribed

    Apr 21, 2004
    1,657
    New Jersey
    What most people are saying about the 360 is spot on.

    Still exciting after three years.

    Yes I spent a bunch of money on repairs but as someone else said on this board when I am in that car I don't see another car on the road I would like to own.

    It is exciting and a tremendous amount of fun.
     
  13. Pud

    Pud Rookie

    Jan 29, 2012
    35
    34432
    You like me are from the Rennlist ? Unlike there, you will not find that many Class As. I sold both my 993(s) just to get rid of the RL karma. I still however have my GT3 (997 version) and am also looking about for a 360/430 (prefer the real 6spd if you know what I mean. Bid on a couple Ebay 360(s) but they went for mid 70s$. 360 seems like the better option if you can DIY-get that rubber belt off (?).

    Patrick
     
  14. gurukid

    gurukid Rookie

    Jul 26, 2014
    5
    Hey guys,

    I cannot express my gratitude, thanks, I've been part of RL and 6Speed for so long, and while they aren't the worst, they are not as classy as you guys are. Hats off to FChat!

    I'm thinking of trading in the 996 for a decent 60-70kish mile 997 C2 and also purchasing a 360. I see so many 360's ranging from 50k-100k+ and I have yet to determine WHY some are cheaper than others... I mean, even the 50k ones boast about having full documentation, "feel free to get a PPI done", etc... Is that real? I realize I haven't actually done PPI to any, looking forward to that soon, but, why are the prices so spread out? Currently on eBay they are going for mid 70's, however, if you look at completed auctions, you'll see a lot sold for 50-65k...

    One question I didn't see an answer to was whether or not 430 bumpers fit the 360. If they do, that would be amazing, I'm not too keen on the 360 front bumper, other than that, I love it. This isn't really a make or break issue.
     
  15. GaryR

    GaryR Formula 3

    Dec 11, 2006
    1,006
    Valencia, Spain
    Full Name:
    Gary R.
    Three very different cars, my first question is how will you use it? If you are a big DE guy, I would go with the GT3..

    Yes. 2005 997S, 93 and 91 964 C2s, two 1978 911 SCs, one full race, one street.

    The 911 and the 360 are close to the same HP/Wgt so acceleration is similar. Handling is different, as you would expect, 360 more akin to a Cayman/Boxster. Interior quality may go to the 911 unless aftermarket has improved the 360, including the sound system. The biggest difference to me is the engine wail and the giddiness I feel every time I open her up. No comparison. It's a Ferrari, few people give a second look to a 911 as they are quite common, 360's still turn heads 15 years later...

    Not much different than any other car. PPI for mechanical condition, Record of proper services, recent belt service regardless of miles, fresh rubber.

    No. The only "issue" to lower cost would be mileage, and if your going to drive a lot higher than average mileage won't matter to you.

    Absolutely, and the more you drive it the better off it will be other than racking up miles, which will lower resale value (see last answer).

    Yes, as long as you are handy with tools the manuals are online and tons of help here.

    Similar, look for recommendations here.

    You just don't replace belts, quite a few WYIT parts that you should replace also..

    Track car - 997 GT3 as it is very capable right out of the box and common
    Road car for pleasure - 360 as it give me a ton of it every time I fire her up
    Road car year round, daily driver - 997 Turbo as it's AWD and comfort would work well

    The 360 belt service is done through a panel behind the seats. The 430 has no timing belts, uses chains, service is not as frequent. Best of luck with you search (and get a manual, you can thank me later... :D)!
    Gary
     
  16. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,916
    Charleston, SC
    Full Name:
    Curt
    Many of the sellers are so full of it.. its coming out of their ears. When you read the ads on fleabay or elsewhere, they'll post "great condition", or "belts done 5000 miles ago! Ready to go!"

    Photos can be 2-3 years old, belts are 30,000 miles OR 3 years as recommended by Ferrari. those 5000 miles were 7 years ago as it sat in a garage. You have to be wary the details when you buy in this way.
    Even "records" can be BS or things on them aren't done. You find a car you like in your price range, with the colors, tranny, etc. you want and you get a PPI. That will tell you what you're getting, and you can pass on it there or buy it.

    I want to say there are some differences but it can be done. If not original equipment, a body kit is available for the front bumper. Good luck!
     
  17. GaryR

    GaryR Formula 3

    Dec 11, 2006
    1,006
    Valencia, Spain
    Full Name:
    Gary R.
    #17 GaryR, Jul 29, 2014
    Last edited by a moderator: Sep 7, 2017
  18. daveyator

    daveyator Formula Junior

    Jun 10, 2014
    292
    Yucaipa, CA
    Full Name:
    Dave B
    #18 daveyator, Jul 29, 2014
    Last edited: Jul 29, 2014
    I had an '04 911 C2 Cab (996). I really enjoyed that car as it was my first real "sports" car. Right after I got it though the left CAT element got loose and started rattling. Replaced it with a Fabspeed sport cat system that wasn't exactly Calif legal but was assured it'd PROBABLY pass smog. Then like most 911s the RMS started leaking and being an "04 the INS bearing issued was brought into question. $3000 plus to fix so I wound up selling the car as these issues weren't allowing me to enjoy the car. Fast forward a year and the ability to actually buy a Ferrari happens to me. When I first sat in my 360 I felt I was in a "serious" car on a different level. Now after a few months whenever I get in the car its a thrill. Kinda like its saying..."lets have fun but I'll kill you if u let me"....lol. I never felt like that in the Porsche although I certainly didn't have a high end one either. Then there's the attention thing which I'm totally not used to. I find myself saying....its just a 360....I think more as a way of expressing my discomfort with the attention than anything. Now the 360 has had a few quirks....check engine light on which is a bad O2 sensor and the fuel gauge quit which required replacing the left fuel pump (both done by the selling dealer btw thanks CNC) and I am aware of the maintenance required of these cars but its not like the Porsche didn't have its own problems. Sorry for the ramble and not sure if I answered the thread but I'll sum it up this way, for me owning a Porsche was cool, owing a Ferrari is almost beyond words.
     
  19. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,916
    Charleston, SC
    Full Name:
    Curt
    Its interesting, I took my Porsche sales rep for a drive in the 360.. I was wondering what he would say as a comparison and his words "it's more like a race car" than the 997 and 991's.
     
  20. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    23,049
    Honolulu
    Full Name:
    Kevin
    You didn't say what type of car you are looking for, or I missed it, so I will just assume that you are a "real driver" and are looking for a 6 speed gated manual coupe! :) LOL (the list is longer for F-1 transmission Spiders)
    - Belt service every three years so you want to know when that was
    - Check tire manufacture dates, old tires are dangerous
    - If you can determine how much life is on clutch that would be good, or when it had been changed last.
    - Check alternator cable condition, specifically the positive end at the alternator if a 360
    - Check for aftermarket exhaust to enhance the glorious sound
    - Look for maintenance records (fewer of these the lower the price)
    - Number of owners (fewer of these generally equals a higher price)

    Because of the rigorous maintenance schedule (at least for the 360) many buyers actually prefer to save on a car purchase and get the car caught up on service with their own mechanic. I like this because you can start the relationship with the mechanic and build your support team right off the bat.

    Not sure if you are talking about using it as a daily or not but the car will respond better to you the more you use it. Sitting too much is not good for these mechanical masterpieces.

    You will need to use a battery tender but if you warm it up properly and are a descent driver I would think this is no problem

    Probably not the best idea to do this. You can modify the 360 bumper and rockers with the 360 Challenge Stradale parts that are much more aggressive looking
     
  21. stevecomp

    stevecomp Formula Junior

    Mar 1, 2013
    743
    South Australia
    Full Name:
    Steve
    It's a big go kart for big kids.
     
  22. star4747

    star4747 Formula Junior

    Dec 28, 2010
    363
    Midwest - USA
    Full Name:
    Rick
    That was me!

    Still true today...

    While driving my Ferrari 360 spyder I have never seen another car and said, "I wish I had one of those"

    Rick
     
  23. gurukid

    gurukid Rookie

    Jul 26, 2014
    5
    I've been through a dozen cars, all modified heavily, fast, exciting, even beautiful ... But I still find myself chasing my dream, a Ferrari. I'm 100% on the 360, going to start looking for my first one tomorrow!

    Thanks guys,

    Alex
     
  24. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,916
    Charleston, SC
    Full Name:
    Curt
    +1.

    I find I'm not envious of anyones ride anymore since I got mine. I used to get envious when I had my Porsches...
     
  25. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    23,049
    Honolulu
    Full Name:
    Kevin
    You guys are right about "other" cars on the road! It's a peaceful place isn't it? It's definitely a plateau car/experience. Just hanging out here for a while makes it easy to see that there are many higher levels above but I truly am able to enjoy what I have. :)
     

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