What's a low end price for a 360? | FerrariChat

What's a low end price for a 360?

Discussion in '360/430' started by carwhisperer, Oct 16, 2014.

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  1. carwhisperer

    carwhisperer Formula Junior

    Sep 29, 2014
    426
    Sacramento, CA
    Full Name:
    Brian
    I've recently begun a search for an F car. At first I was thinking 3x8, then 348, F355 and now I'm starting to think a low end 360 is within my reach. I plan to do most if not all (other than upholstery) work myself. Assuming I can find the right seller what is about the lowest price I can hope for assuming a running, clean title car?

    I am also willing to consider a salvaged car for the right price.
     
  2. Gary R.

    Gary R. Rookie

    Feb 12, 2012
    10
    I would think $55K for a rough car you can actually drive and work on at the same time. I wouldn't touch a Salvage or Rebuilt title, just too much that could be wrong to justify anything but a track car.. and that's only if it was verified to be repaired correctly.
     
  3. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    13,874
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    Robb
    I don't think you really want a low price "type" of 360 or salvage car with the problems that WILL occur. You can't bring it up to a top car just with your sweat equity. High mileage and treated well would be much better. I saw plenty of these types when searching myself. I bought a top 355.

    For your first F-car, you are Better off buying a top 3x8 or 348... Your ownership experience will be thousands of miles better.

    Robb
     
  4. chefcore

    chefcore Karting

    May 8, 2014
    67
    Virginia
    I would think the best a decent car would go for is the low-mid 60's, which would be an earlier MY with over 20k on the clock. I bought my 360 4 months ago for more than that, but the car had good history, 13k, sport seats, manual, etc...I would think now would be a great time of year to buy - do it!
     
  5. julian355

    julian355 Karting

    Mar 12, 2005
    197
    orange county
    Full Name:
    julian
    Buy the best car you can with service records going back to new if possible. I have had 355 360 and now a 430 and I am so happy I listened to the advice of the Ferrari chat guys and gals. When I came to sell each of my super clean cars I received almost what I paid for them. I also bought them just before the new year from people that needed to sell before the new year.

    Julian
     
  6. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,864
    Charleston, SC
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    Curt
    If you're asking this question.. you probably shouldn't be buying the 360.. Looks like upper $50's to low 60's. When you buy a car like this, EXPECT there to be issues that you're going to have to address. Because you can buy a 360 for this price doesn't mean the parts are going to be any cheaper, it was originally a $150-200k car. For the F1's.. and most are F1's in this price range, an SD2 is needed for diagnosis. Guess what. It's going to go to the shop for this 80-90% of the time.

    If it were me and I had a spare $30-35k around for a third car.. this is the one I'd get for as close to 30 as possible, and get the belts done as soon as it arrives:
    Ferrari 348 TS | eBay

    But that's just me and a black 348 is sweet. BTW.. IMHO don't bet on house prices staying sky high..
     
  7. Kevin Rev'n

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

    Nov 29, 2009
    22,962
    Honolulu
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    Kevin
    #7 Kevin Rev'n, Oct 16, 2014
    Last edited by a moderator: Sep 7, 2017
    That is a nice find Curt. I could love that car! The strakes that are often mentioned as "dating" these is not an issue with a black car. Add in some 360 starfish wheels for the WIN!
    Image Unavailable, Please Login
     
  8. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,864
    Charleston, SC
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    Curt
    yeah I'm telling you I TRY to find reasons to buy it... but already have too many. :(

    I like it though. Seller didn't even bother to return my questions though..

    FYI when I was looking 4 years ago it was either a 348 or a 360. The my 360 happened to pop into my life.
     
  9. Ron328

    Ron328 F1 Rookie
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    Mar 10, 2003
    2,615
    Willamette Valley, Oregon
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    Ron
    possibly $65k for a decent one (earlier model '99 or '00) but I doubt it will have #1. no issue, #2. recent major service, 3. recent clutch change or #4 F-1 issue.
     
  10. The Nutsack

    The Nutsack Formula Junior

    Oct 7, 2014
    615
    Chicago
    Full Name:
    Mike
    Anywhere from the mid $60s for an early coupe with high miles up to $100 for a top-notch, low-mileage spider in excellent condition. I think those coupes under $70k are one of the best deals in the market right now and would jump all over that if you can afford it. I can't speak about salvaged car values because I wouldn't consider a problem car.
     
  11. weebz69

    weebz69 Karting

    Jul 11, 2014
    85
    Gilbert AZ
    Full Name:
    Jason W.
    I seriously wouldnt do low price route. I went that route $8100 of **** wrong with it with in the first month, spend the money man get a car someone kept up/took care of.
     
  12. carwhisperer

    carwhisperer Formula Junior

    Sep 29, 2014
    426
    Sacramento, CA
    Full Name:
    Brian
    Why did you have to mention SD2? I googled it and it might be a deal breaker for a 360. I need to find out more about it.
     
  13. Finitele

    Finitele Formula 3

    Sep 26, 2007
    1,379
    DBC
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    DIR
    Buying on price alone is not smart
     
  14. jlonmark

    jlonmark F1 Rookie

    Mar 29, 2005
    3,173
    Beverly Hills, CA
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    Jay
    $50 for a beater, $60 for an ok car and $70-$80 for a nice one
     
  15. gbutler

    gbutler Formula Junior

    Jun 9, 2005
    542
    Charlotte, NC
    Full Name:
    Glenn Butler
    There was a yellow 99 Modena that sold via Craigslist in Charlotte, nc for 50k even. Car needed a major and a few minor items, but good title, no rust , clean Carfax and no evidence of crash damage. Car had 26k miles and was EURO spec ---- hence one main reason for low price. Somebody beat me to it, but I would have been all over this one, especially since it was a 3 pedal car!!
     
  16. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,441
    Taxing Jersey

    I agree with Curt ...plus 348 parts are cheaper.

    There are no cheap Ferrari, you either pay upfront or pay on back end. Trust me I tried to disprove this idea
     
  17. GaryR

    GaryR Formula 3

    Dec 11, 2006
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    Valencia, Spain
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    Gary R.
    #17 GaryR, Oct 16, 2014
    Last edited: Oct 16, 2014
    Because some things NEED an SD2 to diagnose/adjust/fix, the F1 clutch setup for one..
     
  18. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
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    +1

    Robb

     
  19. PATLEW

    PATLEW Formula 3

    Dec 3, 2007
    1,004
    Marvin /Waxhaw
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    Patrick Lewandowski
    Speaking form exp there is no such thing as a cheep Ferrari. The perceived money you save at purchase will be realized once you address everything that was deferred or is need of repair. Buy a properly sorted car it will save you lots of heart ache and money long term.
     
  20. GaryR

    GaryR Formula 3

    Dec 11, 2006
    1,006
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    Gary R.
    In thinking about it more, you should come up with the maximum amount of cash you can spend, then subtract $10K (to hold in a repair account), then shop for a car with what's left. Unless you want a LOT of pain, look for the best car you can afford in your range, not the cheapest. Even buying a top example does not insulate you from expensive repairs... a Salvage titled car will never be worth anything, don't go there.
     
  21. Finitele

    Finitele Formula 3

    Sep 26, 2007
    1,379
    DBC
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    DIR
    348s are Engine Out servicing, stop pulling him backwards and surprise him with a $15k bill in one visit.
     
  22. Tim1137

    Tim1137 Formula Junior

    Aug 16, 2011
    817
    Providence - Boston
    Full Name:
    Tim
    I am a pretty firm believer that a 55K 360 will cost the same, or more than a 65-70K 360 anyways.

    Your going to be in a car for 65K at least no matter what you buy it at.
     
  23. carwhisperer

    carwhisperer Formula Junior

    Sep 29, 2014
    426
    Sacramento, CA
    Full Name:
    Brian
    For what other repairs/maintenance items is PS2 required? Whatever I get I'm not going to be taking it to a dealer or shop. I'll do my own engine outs on a 348 or 355. I thought it was cool having the access panel on the 360 but if I need a $20K diagnostic device to fix it myself then that's a deal breaker. On the other hand, if I found a 360 for sale with a PS2 thrown in with the deal I'd be interested.


    Are there any alternatives to PS2? I work at a high school and our Auto Shop has a pretty fancy Snap On scanner with a keychain full of make specific chips. I'll check to see if there is a Ferrari one.

    Thanks to those of you who gave me actual numbers!
     
  24. English Rebel

    English Rebel Formula 3

    Aug 13, 2013
    2,158
    Piedmont Area of NC
    Full Name:
    Alan
    #24 English Rebel, Oct 17, 2014
    Last edited: Oct 17, 2014
    It's an SD-2 (or SD-3) and they are required if you have any fault codes other than those that can be read with a standard off the shelf OBDII reader. There are Ferrari specific codes and the machine is also used as a diagnostic tool to narrow down the fault to a specific part. For instance if your suspension system warning light comes on it could mean that there is a fault within the system (and there are quite a few parts that can go bad). The SD-2 will identity which particular part is faulty. If you don't have the machine you are playing the swaparoo parts game to fix it.
    Most maintenance can be done by someone with good mechanic skills and a good toolbox. There are however specialist tools that are required for certain jobs. I believe that changing the cam belts requires a tool that measures the harmonics of the belts to determine if they are correctly tensioned.
    There are alternatives to the SD-2 but we are still in the $4000 to $5000 range.
    Alan
     
  25. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    5,684
    So I'm curious....how far back would you have to go to be able to diagnose a car like a shadetree mechanic?

    328 or early TR? Or does electronic fuel injection still require it?
     

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