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Possible First Ferrari

Discussion in 'Canada' started by 3mar67, Jun 22, 2017.

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  1. 3mar67

    3mar67 Rookie

    Sep 14, 2015
    12
    Hi everyone.
    I'm considering buying my first Ferrari.
    After much research, I have decided I would be happy with a 360 Spider F1 in Red or Grey.
    I'm looking for a 2004-or-05 with under 35,000kms.
    If I find the right car, in excellent condition, would I realistically be looking at $125,000-130,000 Canadian?
    I'm in Ontario BTW, and I'd prefer not to have to import from the U-S.

    thx
     
  2. MS250

    MS250 Two Time F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    26,123
    Full Name:
    Avvocato
    Sounds like a great plan. You should view all the cars in your area that fit the bill for you.

    You can then compare price vs condition vs service and decide.

    Your upside is the car you are looking for is not to rare, and not too over produced. You should be able to find a nice mix of cars to compare.

    I would recommend you take your time and really talk to people that know the cars, and service them and see as many cars you can to educate yourself on what the common pitfalls are on the model. This way you avoid surprises down the road.

    Good luck on your search - sounds like a very exciting time, especially realizing your dream to get the car you want is within reach.
     
  3. brock328

    brock328 Karting
    Silver Subscribed

    Jun 9, 2011
    142
    Niagara, Ontario
    Full Name:
    Mike
    I will have a 2002 F1 spider coming in this weekend, Rosso over Crema with black top. Very nice example and will be substantially less than the numbers you are thinking.

    I realize you are looking for an 04 - 05, if you consider an 02 get in touch we are in Niagara.

    All the best in your search,
    Regards,
    Mike
    AutoSport Niagara
     
  4. Ngcanada

    Ngcanada Formula Junior

    May 16, 2016
    622
    Ottawa Canada
    I am in ontario, but I bought my car from Ferrari of Alberta, they shipped in an enclosed trailer....basically what I am saying, do a detailed search of all the Ferrari dealers in Canada and check out their inventory. Ferrari Alberta, Ferrari Vancouver, Ferrari Quebec etc. Have fun!
     
  5. Canuck550

    Canuck550 Formula Junior

    Sep 8, 2015
    462
    Incognito
    Full Name:
    RJA
    This dealer has had this car for sale about 2 years! He has messed with his price and is chasing a market try him...
    From what I remember car is clean with good history.
    I went with a 550 instead of the 360, so I cut off discussions

    2003 Ferrari 360 | DriveTown Ottawa
     
  6. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,548
    Ontario, Canada
    Full Name:
    Mike
    Seems a tad high...but it does look real good
     
  7. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,911
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    Don't waste your time. I reached out to this guy a few times, total flakes and won't budge on their price. Plus, do you really want a car that's been sitting for 2-3 years?
     
  8. samsaprunoff

    samsaprunoff F1 Rookie
    Silver Subscribed

    Jun 8, 2004
    4,160
    Edmonton, AB Canada
    Full Name:
    Sam Saprunoff

    Good day,

    Indeed, as others have stated do your homework and look around. Here in Alberta there are three 360 Spiders (2001 to 2002) listed on Kijiji:

    Ferrari | Find Great Deals on Used and New Cars & Trucks in Alberta | Kijiji Classifieds

    Prices range from $89K CAN to $91.5K CAN with KM's from 40K KM to 51K KM. I do not anything about these particular cars, but simply noted their prices... which I thought was on the low side if they checked out.

    Cheers,

    Sam
     
  9. 3mar67

    3mar67 Rookie

    Sep 14, 2015
    12
    #9 3mar67, Jun 24, 2017
    Last edited: Jun 24, 2017
    Thanks for the quick replies everyone.
    I'm doing as much reading about these cars as I can.
    I might pop in here tonight with a few more questions, if that's ok.

    thx

    just want to add that for the past 28 years I've had classic Corvettes...this would be quite a change
     
  10. 3mar67

    3mar67 Rookie

    Sep 14, 2015
    12
    #10 3mar67, Jun 26, 2017
    Last edited: Jun 26, 2017
    Wow.
    Been doing a lot of reading and getting pretty discouraged.
    One guy says maintenance can run as high as 10k a year! Really?
    And what's the deal with this guy? deadspin-quote-carrot-aligned-w-bgr-2
    Been learning about issues with the cam variators, manifolds, sticky buttons, convertible top reliability, F1 vs manual argument, clutch wear, pre cats, trans mounts, motor mounts, chassis cracks, etc.
    As far as finding a car, I figure I'd get the latest one I could (2004-05) in the best condition I could find...with verifiable history and up to date service...including recent belt service. That now seems to be the easy part.
    Maintenance and the stress that comes with it seems to be the hard part.
    Do I have to accept the fact that if I'm not rich, I should forget Ferrari ownership?
    BTW...these two cars look pretty nice...
    2003 Ferrari 360 Modena MANUAL, $131,900 - Montreal | Ferrari Québec

    Used 2005 Ferrari 360 For Sale | Concord ON
     
  11. tres55

    tres55 F1 Rookie
    Rossa Subscribed

    Sep 18, 2012
    3,479
    Canada
    360 major services aren't cheap unless you have a good indie shop around you that doesn't bend you over at $200/hr+ like the dealer will.

    If you're able to raise your budget I would go for the F430 as it is widely considered the first low maintenance Ferrari (relatively speaking).
     
  12. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,911
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    this car was on the market last year as well. Seller is firm on his price, but even still, unless theres something under the surface to be aware of, IMO, its an absolute steal:

    2000 Ferrari 360 Modena Coupe (2 door) | used cars & trucks | City of Toronto | Kijiji

    out of province, but this car used to belong to an f-chat member here...I think its very interesting. Was for sale last year as well:
    http://www.kijiji.ca/v-view-details.html?adId=1260356551&requestSource=b

    I think its a very different market in Canada than in the US. All of these cars (360s) are slow to sell.
     
  13. Battman913

    Battman913 Rookie

    Aug 15, 2017
    1
    Long time reader, first time poster.

    I had been looking at the first one you mentioned. It has no service history, because the owner claims that his cousin, who is a "race car mechanic", has serviced it for the last three years. The current owner has had it for three years and doesn't even have any history before then either. Also it had an accident to its "rear bumper."

    If it wasn't for the fact it's a Manual for a decent price I wouldn't take a second look, but since it is would a thorough PPI be enough? Also are earlier 360's as problem prone as I have been reading?
     
  14. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,282
    South East
    Full Name:
    Jimmie
    ????? All I can think of is variator solved by recall and this isn't even a particularly early car

    The car without history would need a very thoro PPI and then your commitment to keeping it a long while to build up a current service history otherwise the next purchaser will ask the same question as you

    Also not many purchasers would want the 'hot rod' spec
     
  15. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    16,445
    ON
    Full Name:
    CH
    #15 of2worlds, Aug 18, 2017
    Last edited by a moderator: Sep 7, 2017
    +1 for 3mar67 you really should consider a 430 instead of the 360 and go with a coupe if it would help you get to a price you would be comfortable with.
    Good Luck!
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