1999 355F1---Value--Only 5,900 miles

I have a good idea of the value and worth of this car. Would like to hear your opinions.
The car is a 99 355 F1 car. Yellow/Black--GTB--It has 5,900 miles on it. I have been told it is near perfect. The inside still smells new. Has a new clutch, but never had a major. The car was driven very rarely, maybe a few hundred miles a year. Always garage kept. Paint perfect, interior perfect. Title is clean as well as the Carfax.
I would say the car needs a major ASAP---just because of the time frame-Almost 8 years old. Any thoughts on the major issue and for those of you that know value. What would a reasonable buying price from a dealer be??

Don't tell me you see these all day long for 75k----because it's not true.

 

Lets put it in perspective, you'll probably need to put in another $7k-$10k to get the car up to snuff. If you buy it for $80k then you are at $90K or damn near. Wait a few more months (winter) and you'll start to see some 360 Modenas in the mid-90s. As you know the 360s don't share the same maintenance issues as the 355s. You decide.....

 

I have been hearing people talk about the 360's around in the mid or upper 90's----so far have not seen ONE even close to that price. Can't imagine the 360's are going to fall 10k or 15k over the next few months. I did a search for a few days on 99 360 Modenas---best price I found on a DECENT car was 115k!

 

Give them 6 months....

Also, the prices listed are just that, list prices, not the actual "sold" prices.

Find a nice one and make an offer, the worst that they can say is "no."

 

Back to my original question--what are you guys thoughts???

 

Ask yourself why a 5900mile car needs a new clutch?

 

haha with my amazing detective skillz, I know what car you are talking about. I have to say, it is in really amazing condition. If you are buying a 355 F1 that's probably the one to get. The only thing is the F1 on those cars... watch out for the pump and I've heard they aren't the BEST (but that doesn't mean they aren't GREAT). I say drive it and if you like it make an offer you see fit. Probably 85ish if I had to guess (?). Good luck man.

 

Not sure---don't have a F1 car--can you fill me in--possible reasons???? Neglect, old, not used???

 

I dont know the car at all, So take me like a pinch of salt. But when I look at cars, I pick through everything, better be safe then sorry.

I know nothing about F1's but a clutch replacement after 5900miles seems very odd to me. Unless the driver was really really bad. But then again, I dont know how it works with the F1. Maybe someone else can show some light here. Isnt it all eletronic? In that case every F1 should be the same, more or less and do they all need clutch replacements after whatever km's it had it?

On a normal car, I find it odd. Normall I always look through the history and see if the dates and km's match up. If it all seem new inside, make sure its all OEM gear. Make sure the leathers match. I found 1 348 which was in great condition, like new, but the leathers didnt match?!?!

If there is good reason for the clutch replament, then yeah, go for it. But if theres not, just have a closer look to see what is might come up.

 

hmmm

let me guess

San Diego right ?

run !
don't walk

 

NO--the car is no where near San Diego--the east coast...

 

Exactly my point. By winter you will be able to BUY a 360 in the mid-90s. There are a bunch of them for sale and someone is sure to find one for that price. All cars depreciate over time, even Ferraris.

 

F1 clutches in 355s are getting about 10K miles. I heard this from a reputable mechanic on the west coast. I'm looking at a '99 355 with 14k miles that had the clutch replaced at about 12k miles. Obviously it depends how it was driven that warranted at clutch replacement at 5K miles. I would ask to see as many records as you can see to give you warm fuzzy about the car....

 

There we go, someone that knows something about them. Thanks. 12k miles. Ouch! Im surprised how little miles you can do with one clutch. Whats it for a normal 355? Must be a big difference.

 

F355 F1 pump is notorious for failure sooner than later. But I know for fact my mechanic had retrofit the 360 F1 pump for fraction of the 355 pump. And it is probably better and newer design from Ferrari.

 

There again, it depends on how it has been driven. One thing for sure a clutch in six-speed car will get many more miles than an F1 car. I would venture to guess between 20k thru 30k miles. Again, depends on how hard a person is on the clutch.

 

20k sounds about right. I have a 6spd MY99 with 18.5k miles. It definitely seems to need new clutch very soon. I would say I still have 10-20% left 'cause it is releasing very high.

 

Hmmm....good to know this. Let me understand, he used the pump intended for 360s and installed it in a 355. I've never heard of this but it is good to know.

I've heard the F1 pumps can be a problem. Not all of them fail soon or at all? I guess I'm not convinced that they are "notoriously" known for failing. Anybody heard otherwise?

 

NEVER HAPPEN!!!!!! A SALVAGE TITLE WITH 50K ON THE ODOM--MAYBE
NO WAY THE 360 WILL DEPRECIATE 15-20K IN A FEW MONTHS---

 

Remember, the asking prices are different from the time the guy shows up at his garage with a check in hand. That changes everything real fast. You are right, the cheapest asking price for a 99 Modena with 15k-20k miles can be seen to be ~115k. Assuming a person really wants to sell his car, I can easily see the asking price change to $105K in the middle of December. Show up to the guys house with $95K in your pocket and you just bought the car. There was a wholesaler that in another thread, purchased a 99 Modena for $86K a few weeks ago.

 

Would love to see what kind of shape that car is in!!!! Nothing I would want..

 

I bought my 1997 355 GTS 16 months ago. It only had 5500 miles on it. The car was mint perfect. No problems. They went through the car and did a major on it while it was still under warrenty. THe asking price then was 99. I looked up the values on the car which ranged from 75 to 92,000 depending on the condition. I had been looking for a black GTS for nearly a year and lost a couple of deals nickle and diming for better deals but none were the quality of the one I bought or with that low miles. Not much difference in a 1997 and 1999 both with 5000 miles. The low miles more important than year. If you started at 92,000 as top (Should be perfect and up to date) less the cost of a major service(which should have all ready been done based on time) that would probably put you at top dollar. The clutch issue is just going to be a bargining tool. If the clutch has been fixed correctly then the cost has all ready been spent and should not be any more of a issue than any other car. Bottom line if that is what you want then go for it I wouldn't fuss over 5-10 grand in price if it is what you want otherwise you might not get it. I got mine for 92 grand which was top dollar but the car was worth it to me and it was exactly what I wanted and I was ready to own one and not wanting to look any more. I was nervously though because of all the talk you here about valves this, major that and clutch this and the possibilty of a gazillion dollar (sorry for the plagurism) repair bill. You have to be smart about your purchase no doubt but sometimes when something is out there you just really want you just have to say what the Fu$! and just do it.

Again I would think top dollar would be 92,000 less the cost for a major service. You offer should be somewhere between there and 15 grand less than that depending on how bad you want or don;t want it. Make sure the dealer your buying from has a good reputation. You can also negotiate shipping costs at that price level if they are less likely to budge. Also find out if the dealer owns or if the car is on cosignment make a difference in whos motivated.

Good Luck

Greg

 

It is not a direct bolt on. But some engineering work will be needed such as wiring, bearing, etc. I think... But it has been done, nevertheless 360 OEM pump still cost a lot less then the f335 OEM pump.

 

Yeah I believe it's $1k vs. $16K

 

Thanks for the info. Tody I head out for LA for a week to look for a 355. The first one I see is a 99 F1 355 with 14k miles. I was told the transmission was fine but was informed 355 pumps could be a problem. I'm glad to hear there is a less costly solution.