Gated Manual 360 Coupes - Modena Market

Awesome, hope you get at least 200 for it

 

Awesome car, good luck with the sale, these are exceptional machines, I hope you get your asking price, or close to it.

 

GLWS. Maybe someone from Denver will be high as a kite and pay your ask. Good on you for testing the waters.


Sent by incredibly fast electrons

 

I hope so also, will raise my "stock".

I see 430 3pdl prices are on par with Scud, and Not to be negative but ~25+% of 360's were 3pdl as compared to 5% of 430's

A CS for same price

http://www.ebay.com/ulk/itm/172175973624

A Scud also

http://www.ebay.com/ulk/itm/311599889966

 

Hey al maybe it's not to late to use this price as leverage with the insurance company for value on your late 360 (rip).

 

I'm very pleased with my insurance company and the value they placed on my 360. It was $45,000 more than a buddy got for his newer F1 with 10k less miles.

I think the Haggerty valuation is spot on ($30,000 premium for manual cars). Insurance payment should be arriving today.

There is a huge chasm between bid and ask, as you know. I'm happy with the 430 Spider.

The car posted at $200,000+ is a pipe dream, IMHO. The kind of pipe used to smoke wacky tobacco. But, I wish the owner GLWS. Who knows?


Sent by incredibly fast electrons

 

Nah, someone is smoking too much weed if they pay $225,000 for a 360. I've got a buddy selling a Scud for less than that price.

My insurance company was very fair. Haggerty value pricing is spot on IMHO. My company paid me $40,000 more than the amount my (car dealer) buddy sold a condition 1, 3-year newer F1, with 10k less miles than my car.

Haggerty Valuation says $30k premium for manuals. I think they have a good handle on the market and condition pricing.

I get my insurance check today and I am loving the 430 Spider.


Sent by incredibly fast electrons

 

First, I think it's probably very unlikely that someone who gets high would have the financial wherewithal to afford a Ferrari, although that's conjecture on my part as I don't have anyone in my immediate circle of friends who does that stuff. NY Times recently published an article that said essentially that long term pot users become losers. I believe that was the title.

Secondly, if your friend has a pristine, sub 15k mile Scud for less that $225k, please pm me his information.

Lastly, no one who is not participating in a market gets to make it; only buyers and sellers. You can belittle him however much you want for his asking price but it makes no difference. The market will speak.

 

No pipe smoking here buddy. Just a honest 360 spec'd to my likings and maybe someone wants the exact configuration out there. Never say never it happens.

If I wanted a quick sale I would have priced her accordingly.

Thanks

 

Those are 2 really great finds! Highlights a point which is that there are so many tremendous sports cars available at the $200k level (new/used).

I do have to quibble with you over the 25% of 360s were manual though...don't think it was quite that high. I'd say closer to 15% just based on everything I've read/absorbed over the years.

 

You should see taz's posts on this in various threads he has his finger on the pulse of this one. I believe the # is actually higher than 25. I'll try to find the link.

 

http://www.ferrarichat.com/forum/360-430-sponsored-yellow-compass-group/514031-production-numbers-360s-430s.html

Looks like closer to 28%.

 

I think that the number for US cars, based on a compilation of data including old order sheets from dealers that I got, is more like 18% to 20%. It's not comprehensive or definitive but what looks likely is that the US led the way in F1 orders. That shouldn't surprise anyone. That's also why you don't see one out of every four 360s for sale here being manual. We got less.

 

Most of what I know I have learned here. Sherpa thanks for the education!

 

No problem, unfortunately, it's really hard to find truly definitive data. Taz's stuff is good but it's not always relevant. For example, it's great to know how many were ordered in the UK but if we had a different order preference, the stock of US cars look vastly different.

We have the worldwide number but as Rick and others have pointed out, it's not what we see here. Let's be honest, do we see anywhere near 28% of the 360s on the market being manual? We don't and I don't think that it's a surprise as to why:

A while back, I got my hands on some order sheet compilations from a couple of dealerships (only a couple, so not a super sample size) and there were hardly any manual 360s ordered. If you extrapolate that out, it's like 12% of the orders. Now, I don't think that it was that low nationwide but it's a strong indication that US buyers didn't order nearly as many manual 360s as the rest of the world. This also makes sense when you realize that you see a higher percentage of manual to F1 cars when you see Euro cars offered here. I think that the US manual coupe percentage is closer to 18%.

Now, the European buyers were quick to adopt F1 transmissions but not as quickly as here. My understanding is that by the time the F430 came out, the ratio was pretty much the same. But the 360 was not, especially initially.

Anyways, I hope that this helps somewhat.

 

Car is beautiful. GLWS

 

Yah, at most, we see 1 out of 5 online for sale being 'gated' here in the US. Could be fewer were specified in the US, it could also be that the owners consider them "keepers" and are not offering them up for sale.

One interesting data point - someone recently posted a "Wanted" ad for gated 360s here in the classifieds and within 1 day, 5 owners came out of the woodwork.

http://www.ferrarichat.com/forum/ferraris/520116-wanted-360-coupe-manual-transmission.html

 

Three were from dealers and a fourth was offered for sale on here before. I don't think that qualifies as coming "out of the woodwork."

That said, I do believe that one of the reasons they're not as prevalent is because more owners of manuals choose to keep them but maybe I think that because I feel like that. Again, the market speaks and it's really up to any of us who aren't in the market to dictate terms.

As I've said on here before, I think that a fair price for a 20k mile clean, well-optioned, properly serviced and loved 360 manual is right around $150k. Plus or minus for a variety of stuff. But what the heck do I know? I'm not in the market. Making it more complicated is while I think that's a fair price, I wouldn't sell mine for anywhere near that, nor would many others on here. They're hard to replace. So I get it when people ask more.

 

" I wouldn't sell mine for anywhere near that, nor would many others on here. They're hard to replace. "

Bingo.

 

The data that I have gives me an estimate of ~571 6MT Modenas in the US (US vin+ imported - totaled/salvaged). Compare that to roughly 328 or so CSs... Not perfect, but puts things into perspective.

Compare that to GT3 or even GT3 RS Production #'s. Although I want one of those too.

 

Ok my quick fuzzy math from auto trader now in USA

176 total 360'coupe and spider (don't hassle me I know this is a coupe thread, just bigger sample size).

26 total 3 pedal cars. I verified personally. Either f1 or I could not verify 10 of the 36 listed as manual.

26/176 = ~15% currently listed on auto trader.

Supports sherpa's assumption.

 

Sorry, I meant to say that it's not up to any of us who aren't in the market to dictate terms.

 

Not belittling at all. The buyer is smoking hemp at that price, not the seller.

My friend paid about $200,000 for a black scud recently. Well sorted, nice car, lots of CF.

 

Just for the record, I was the one who postulated 15% was a closer number. Thank you for doing the data mining...I know it's no fun reading all of those ads to see which ones are really F1 after all.