current market price - 98 F1 355 Spider | FerrariChat

current market price - 98 F1 355 Spider

Discussion in 'Australia' started by mtrain, Apr 13, 2007.

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  1. mtrain

    mtrain Rookie

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    g'day all,

    I'm a bit confused;

    The current red book for a 98 F1 355 Spider, with average mileage of around 35k km, and in above average condition is showing as around AUD$230k.

    However, from what I can see on drive.com.au, and websites like it, there are low mileage examples of the same car at around AUD$180k (asking).

    As your "best guess", what do you think the current, market price (say, private sale) for one of these cars is?

    Many thanks,

    mm
     
    mtrain, Apr 13, 2007
    #1
  2. ashsimmonds

    ashsimmonds F1 World Champ

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    355s are only a couple years from being lumped in with 348s. depending on how much you want it and the condition of the car, i'd say anything between $140-180k is fair.
     
    ashsimmonds, Apr 13, 2007
    #2
  3. Aircon

    Aircon Ten Time F1 World Champ BANNED

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    what's $40k between friends, hey? :)
     
    Aircon, Apr 13, 2007
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  4. ferrarifixer

    ferrarifixer F1 Veteran BANNED

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    the buying and selling price is of lower priority than condition and history.
     
    ferrarifixer, Apr 13, 2007
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  5. ap355

    ap355 Formula Junior

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    red book value for a 2000 360 is lower than 230k
     
    ap355, Apr 13, 2007
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  6. Looney

    Looney F1 Rookie

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    be carefull, people may start abusing you for saying that, i said $130k for a F355 and got lynched by some people.
     
    Looney, Apr 13, 2007
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  7. Aircon

    Aircon Ten Time F1 World Champ BANNED

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    yeah...and i said $45k or something for an elise and got that too.
     
    Aircon, Apr 14, 2007
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  8. ashsimmonds

    ashsimmonds F1 World Champ

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    heh i was just gonna say anything between $20k and 400k should be reasonable but thought i'd narrow it down a bit. :p
     
    ashsimmonds, Apr 14, 2007
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  9. Looney

    Looney F1 Rookie

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    nah just leave it at that and leave em guessing :)
     
    Looney, Apr 14, 2007
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  10. mtrain

    mtrain Rookie

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    I was looking up the price on drive.com.au and it seems it was a bit off...

    Reference to the proper Red Book Asia-Pacific website shows:

    Prices based on km 90,000 - 160,000
    Trade in price guide* $138,800 - $152,900
    National average price - private sale* $157,100 - $180,200
    Price when new (RRP) $338,054

    This is probably based on a straight-line depreciation model and doesnt account for condition in the way we would look for it, and most of the 355s have nowhere near this mileage.

    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR98AK

    Thanks for the help.
     
    mtrain, Apr 14, 2007
    #10
  11. 360C

    360C F1 World Champ Lifetime Rossa Owner

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    Gotta love those depreciating assets.
     
    360C, Apr 14, 2007
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  12. ashsimmonds

    ashsimmonds F1 World Champ

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    wow, only $340k. for some reason i thought they were sold for more (this was before my time).

    redbook time... :rolleyes:

    1995 F355B - $275k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR95AC

    1995 Diablo - $504k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=LAMB95AB

    1995 F512M - $472k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR95AJ
     
    ashsimmonds, Apr 14, 2007
    #12
  13. ashsimmonds

    ashsimmonds F1 World Champ

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    you can tell MPMP's back when quote's are being screwed up :p
     
    ashsimmonds, Apr 14, 2007
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