Does anyone know this 360? | FerrariChat
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Does anyone know this 360?

Discussion in '360/430' started by gandalfthegray., Aug 8, 2009.

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  1. gandalfthegray.

    gandalfthegray. Formula Junior

    Jul 18, 2006
    692
    Pinewood, MN
    Full Name:
    Steve
    #1 gandalfthegray., Aug 8, 2009
    Hi guys, just curious if anyone knows this 360 Spider? What caused the 'salvage' title? Also, does anyone have access to the Carfax history? I know there is another source other than Carfax, but I don't know what it's called.

    http://www.cars.com/go/search/detail.jsp;?tracktype=usedcc&searchType=21&pageNumber=3&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&criteria=K-|E-|M-_51_|D-_4196_|N-N|R-10000|I-1%2c7|P-PRICE+descending|Q-descending|Z-55923&aff=national&paId=137527583&recnum=188&leadExists=true

    Provided the car passes an extensive PPI, what's a fair offer on a this? $70K maybe?

    And for furthermore speculation, what would you guess the value of this car to be say 5 to 7 years down the road with 55k to 65k miles? I have a 99 Euro Modena with 48k now, but very much want a Spider. I've always liked open air cars more than coupes. I put on 3 to 5 thousand miles per year on my cars, so, whether I stay in my Modena, or find a Spider, either way I will have a high mileage car in the end. So if the cost of admission for a salvage spider saves me $20k on the buy in, and I sell in 5 to 7 years (if I sell) at $20k under the average. Isn't it a wash? Again, barring it passes a thorough inspection.

    Maybe I'm just nuts, who knows?
     
  2. Chupee

    Chupee Formula Junior

    Jul 10, 2009
    832
    Between Trust funds
    Full Name:
    Blair
    #2 Chupee, Aug 9, 2009
    thats funny I live right by them and have seen that car many times .. They guys are very nice Just ask them for the story I knowthey put a lot of money into it go check itout
     
  3. jsanocki

    jsanocki Formula Junior

    Aug 30, 2006
    785
    NJ
    #3 jsanocki, Aug 9, 2009
    Unless they are dropping the price dramatically, I think $80k for a 37.5k mile Spider is way too much given the salvage history. You can pick up a clean title under 10k Spider for 100k....
     
  4. gandalfthegray.

    gandalfthegray. Formula Junior

    Jul 18, 2006
    692
    Pinewood, MN
    Full Name:
    Steve
    #4 gandalfthegray., Aug 9, 2009
    I would love to, but I'm from Minnesota. Do you recall what happened to it?


    I agree that $79k is too much, what should the price be?
     
  5. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
    13,259
    #5 VTChris, Aug 9, 2009
    Last edited: Aug 9, 2009
    Steve,

    There is a red/tan 360 Spider for sale here in SoCal that is a gem
    F1
    Mileage in the teens (11-12)

    No drama

    I can forward you to the owner, price in under 100k

    Edit:
    Modulars
    Tubi
     
  6. DesmoRob

    DesmoRob Rookie

    Jun 3, 2009
    47
    Penticton, BC
    Full Name:
    RobGH
    #6 DesmoRob, Aug 9, 2009
    What does it take for a car like this to get a salvage title? Does it mean the frame was damaged in the accident, or can it be something as simple as smashed bumpers?
     
  7. F458

    F458 Karting

    Aug 1, 2009
    68
    Malibu, CA
    #7 F458, Aug 11, 2009
  8. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,600
    Gates Mills, Ohio
    Full Name:
    Jon
    #8 Bullfighter, Aug 12, 2009
    Damaged to the point where the insurance company deems it not worth repairing.

    I.e., bad news. A parking lot bumper incident won't do it.
     
  9. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,442
    Taxing Jersey
    #9 DonJuan348, Aug 12, 2009
    Bullfighter,

    I have seen minor physical damage and the car was salvaged and I could explain why. Ferrari may be one of those unique cars. No frame damage, right price, its worth buying.
     
  10. H20 Toie

    H20 Toie Rookie

    Oct 31, 2008
    37
    Channel Islands CA
    #10 H20 Toie, Aug 12, 2009
    Last edited by a moderator: Sep 7, 2017
  11. jsanocki

    jsanocki Formula Junior

    Aug 30, 2006
    785
    NJ
    #11 jsanocki, Aug 12, 2009
    He is correct...there are alot of variables that come into play when a car is branded "salvage". Each car is unique in the sense that it needs to be investigated to see what actually occurred with the damage...but one thing that isn't unique is the poor resale value and most people will walk away from it!

    You have two types of Ferrari owners...those who have a passion and desire for the car, and can afford it...hense they will not consider a salvage. And those who are looking to step up from that BMW or Audi into a Ferrari "if the price is right"...so you need to tap that market when selling a salvage title car, and you're results are selling it at BMW pricing!
     

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