Time to buy a 360?

I have owned 2 360's in the past, loved the cars and am considering the purchase of another. Looking for anyone who might have an opinion on the price one would pay for: USA 2003-360, F1, red/black, daytona's, shields, calipers, 6k miles, belt service done 1k ago, new Capristo at 5k miles, all keys, covers, portfolios, window sticker, all original, no paint...I live in CA and this too is a California car. I figure that the market is down because of the economy and if/when the economy recovers, the pricies may inch higher (whenever that will be). I think the time to buy is now...anyone agree?

 

Prices will not go up. There is no rationale basis for any change soon. Add it up, national and credit card debt. Oil pricing, housing market, nobody has saved so no expenditures, low productivity, and inflation, etc. A Ferrari is a "commodity" just like everything else. It is always about time and money. If you are in a hurry buy now, if you can wait, it will still be a good time to buy. More people selling and those who cannot wait too long amounts to "deals". Others understand exact pricing better than me, but the fact is, find the right car and right person and you can make your own deal. Best

 

+1

Could not have said it better.

 

Whatever happened to the car dealer who always stated that prices were not going down but up? I think I saw him post in just about every pricing thread.

 

He is no longer a sponsor and haven't seen him post on here as much.

 

Without slighting the dealer,it underscores a market under siege. The U.S. owes $8 trillion. The problem is we owe it to other countries. Our citizens are in debt, they too are subject to the whim of others. No savings, no investment, no production, no domestic purchases = increased dependence on other for our survival. We are running out of money and what we have is decreasingly valued. Fighting over cars or philosophies is a distraction from a very serious problem. How long can this continue? As goes the car dealer goes the nation (GM is worth about $6 billion and needs more than that to stay afloat this year). Best

 

RBK,

you really love to hit this topic home don't you? I have noticed you post almost the exact same message in about 30 other threads.. worded differently but otherwise the exact same message..

I'll bet your the highlight of every social gathering you head to

 

Man, that's some depressing sh*t! A litany of tradjedy in progress.

I'm going to go take my Ferrari for a spin. It always cheers me up!

 

I am not social, so no worries. The few good friends I have discuss other things. I actually am a half full rather than half empty kind of person, but see way too many wondering "what they can afford" or looking for "permission" to spend their money. My first instinct to try to help. Maybe my view point is different than yours. I am not predicting the end of the world, but trying to answer the question(s) being asked. Some here have not lived through tough times and have no "reality" on how things work. Those who do , imo, have an obligation, to share what they know. Maybe you see it differently, which works for me as well. If you have something to add, I for one would like to hear it. Best

 

130K. All the right options, belt service, exhaust and low miles.

 

I am not sure about an obligation.. but opinions are obviously always welcome on a public forum I would assume..

 

Supply and Demand:

Although the Demand for 360's may have decreased due to the current market conditions that are constantly fluctuating, the Supply side of the equation is also changing. I would suspect that the majority of the recently used 360's out there came from owners that "upgraded" to the 430.

So the majority of previous 360 owners fall into one of two categories:
1) Owned the 360 for a short time and planned to do a quick flip
2) After a few years of owning the 360, they decided to "upgrade" to a new 430

In either case above, these have run their course for the most part. If you have a 360 and want to "upgrade" to a new 430, that life cycle ends next year. Therefore, since the number of 360 owners out there looking to "upgrade" to a new 430 is going to drop, this means that the Supply of 360's will also drop. I have a 360 and personally prefer the styling of the 360 to the 430 (you can argue that on another thread ) BTW: If the 430 replacement takes any of the styling queues from the California it will only get worse! There may not be many people looking to "upgrade" from the 430 to the latest and greatest.

So we can agree the Demand side is going down currently given the financial market, but it's hard to predict the bottom and who knows 6 months from now what it will be like (BTW: Oil used to be over $140, now below $110). However, you also have to agree that the majority of people who currently have 360's are likely to hold on to them, so the Supply side will continue to drop and I argue at the same or faster rate. Afterall, once you have an Fcar, you can't just quit cold turkey!!

My 2 cents