'04 360 Challenge Stradale (rebuilt title)....what to pay? | FerrariChat
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'04 360 Challenge Stradale (rebuilt title)....what to pay?

Discussion in '360/430' started by Meeyatch1, Jan 2, 2011.

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  1. Meeyatch1

    Meeyatch1 Formula 3

    Dec 28, 2003
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    Mitch
    #1 Meeyatch1, Jan 2, 2011
    I have the opportunity to pick up a 2004 Ferrari 360 Challenge Stradale (Black/Black) that has a 'Rebuilt' title, and according to the CarFax sustained 'severe' damage. I know the car from the previously local owner of it, and know the caretakers of the car who did the rebuild, and the car seems to drive out without any issues. It needs a major service done, but I am wondering what to even consider paying for this car? The caretaker of the car is also the guy who does all of my car detailing (and I have known him for several years), and he has driven the car several times and said it is solid, and has less than 2,000 miles from what he remembers.

    So, any ideas on where to even start on a ballpark number?
     
  2. hifipj

    hifipj Formula Junior

    Sep 26, 2009
    402
    #2 hifipj, Jan 2, 2011
    This one doesn't have an Italian flag painted all over it, I hope???!?
     
  3. Meeyatch1

    Meeyatch1 Formula 3

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    #3 Meeyatch1, Jan 2, 2011
    Nope. That is the TDF Blue one, I am talking about a different car. All black. No stripe.
     
  4. bryanc4

    bryanc4 Formula Junior

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    #4 bryanc4, Jan 2, 2011
    if the car is clean take 25%-35% off market value.
     
  5. Ingpr

    Ingpr F1 Rookie

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    #5 Ingpr, Jan 2, 2011
    Lol!
     
  6. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
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    #6 stokpro, Jan 2, 2011
    Last edited by a moderator: Sep 7, 2017
    Apparently that CS finally sold.

    FYI - Flag car wasn't TDF... it was originally red then painted ALL black + flag.
    Image Unavailable, Please Login
     
  7. Meeyatch1

    Meeyatch1 Formula 3

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    #7 Meeyatch1, Jan 2, 2011
    So in terms of hard dollars, what range are we talking about for this assuming clean overall condition and in need of major service?
     
  8. prova4re

    prova4re Karting

    Nov 23, 2003
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    Ontario Canada
    #8 prova4re, Jan 2, 2011
    Last edited: Jan 2, 2011
  9. Sellnit

    Sellnit Formula Junior

    Mar 22, 2010
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    #9 Sellnit, Jan 2, 2011
  10. Ingenere

    Ingenere F1 Veteran
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    #10 Ingenere, Jan 3, 2011
    The salvage title and need for a major puts it in the $60-$70K range.
     
  11. chris360hawks

    chris360hawks Formula Junior

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    #11 chris360hawks, Jan 3, 2011
    If you don't buy it forward the info of the car to me please.
     
  12. amenasce

    amenasce Three Time F1 World Champ
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    Oct 17, 2001
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    Joe Mansion
    #12 amenasce, Jan 3, 2011
    Whats the story of the Durham Stradale? (591 miles for 75k??)
     
  13. THL

    THL Karting

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    Thomas Harvej Larsen
    #13 THL, Jan 3, 2011
    Does anyone know how severe the damage on this car was, it states that the damage exceeded the economic value of the car at that point, driven less than a 1000 miles it must have been a very big damage then.

    Regards Thomas
     
  14. Ingenere

    Ingenere F1 Veteran
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    #14 Ingenere, Jan 3, 2011
    One would have to go over that car with a fine toothed comb. Anything can be fixed, but that title will be scared for life...... But at the right price it could be palatable.

    There is a 13K mile car in SoCal that received a salvage title for very little damage to the floor pan, and the owner is extremely firm at $109K...... and it has been for sale for over a year at that price. I drove that car and it was great, but the title makes it a tough sell. I felt that car was a $75K car. If this suffered 'severe' damage, it is worth much less in the real world.
     
  15. absent

    absent F1 Veteran
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    #15 absent, Jan 4, 2011
    "Severe damage" according to Carfax,who knows what was the reality?
    Offered by RM in Arizona this month,estimated value $50k-$75k.
     
  16. Meeyatch1

    Meeyatch1 Formula 3

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    #16 Meeyatch1, Jan 4, 2011
    I spoke with someone involved with the rebuild. Evidently it was purchased with only around 112 miles on the odometer as a total because the first owner had wrecked it and ripped the back half of the car off. It was rebuilt after that.
     
  17. Drew_4RE

    Drew_4RE Formula 3
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    #17 Drew_4RE, Jan 6, 2011
    "ripped the back half of the car off"?????

    shivers
     
  18. PCH

    PCH F1 Rookie

    Apr 7, 2004
    3,007
    #18 PCH, Jan 6, 2011
    The body shop says it seems to not have issues and your detaler says it's solid. Are you serious?? Before I would ever consider such a car, which I wouldn't, you better believe it would be fully inspected by a professional Ferrari only collision shop and then sent to a professional Ferrari tech for a mechanical and electrical inspection. Curious as to why you would have interest in this potential can of worms?
     
  19. colorinc

    colorinc Karting

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    Tim Kasberger
    #19 colorinc, Jan 13, 2011
    I will be in Scottsdale next week for a couple of car auctions... looking at this f360 the fine print reads that it has a salvage title was sondering if anyone on here know its history

    facts

    2004 F360 SC

    black

    vin
    ZFFDU57AX40138749

    Offered on behalf of the trustee for the Tim Durham Collection

    Bidders are advised that this vehicle has a title marked as “rebuilt,” indicating that at some point the car received damage that exceeded the economic value of the vehicle to repair at that point, but that the noted damage has since been repaired. Additionally, the second owner has made a note on the car’s CarFax that the damage was “severe.” Neither RM nor the seller knows the nature or extent of the damage incurred to the vehicle, and consequently, bidders are advised to satisfy themselves as to the condition of the lot before bidding.


    link to car
    http://www.rmauctions.com/FeatureCars.cfm?SaleCode=AZ11&CarID=r156&fc=0



    thanks in advance for the help

    tim
     
  20. mrbucket2

    mrbucket2 Formula 3

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    #20 mrbucket2, Jan 13, 2011
    Looks like its missing some carbon fiber bits from the engine bay.
     
  21. teak360

    teak360 F1 World Champ

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    #21 teak360, Jan 13, 2011
  22. bryanc4

    bryanc4 Formula Junior

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    #22 bryanc4, Jan 13, 2011
    a few potential problems that may cause a serious headache and regrets down the line:


    1) salvage title cars are RARELY perfect...you can bet your last dollar this car had some major issues thus the super low miles.

    2) this is probably the most important factor to consider...when buying from MECUM, BARETT JACKSON, RM, CHRISTIES and the other 'collector' auctions, you are offered ABSOLUTELY no protection against the purchase unless the car is TMU. That means if the engine is blow youre shiiit out of luck... bad tranny? tough shiiit.... frame damage?? oh well.

    despite of all that id pay 50k all day long *** it why not.
     
  23. Meeyatch1

    Meeyatch1 Formula 3

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    #23 Meeyatch1, Jan 17, 2011

    Yes, the car was heavily damaged, but the super low mileage was mainly because the previous owner had about 75 cars. Hard to put miles on a car when you have dozens of them.

    I am with you though. $50k seems to be a no brainer if you plan to drive the car. I am thinking it is a good deal because then I would not feel bad driving it, putting miles on it, and tracking it. Because at that point, if you wreck it, who cares?
     
  24. Kevin2772

    Kevin2772 Formula Junior

    Jul 30, 2006
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    #24 Kevin2772, Jan 17, 2011
    I remember seeing this car at the drive and open house he had a few summers ago. If I remember correctly, i believe quite of a few of his cars (modern ones in the lower garage) were damaged before hand and had salvage titles on them including the DBAR1 and the Carrera GT.
     
  25. pingi3

    pingi3 Formula 3
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    #25 pingi3, Jan 17, 2011
    Is this the guy that buys wrecked exotics and then fixes them up? Didn't he fix up a Veyron?
     
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