Looking at buying 1st Ferrari | Page 2 | FerrariChat

Looking at buying 1st Ferrari

Discussion in 'Australia' started by poyta, Jan 9, 2011.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. poyta

    poyta Karting

    Mar 7, 2004
    203
    Adelaide
    Full Name:
    Peter W
    No No I definitely want a Ferrari for me. I've got about $30,000 worth of Ferrari models that I've been collecting all my life, not to mention hundreds of books, magazine articles ect ect. I've got almost every video that has a Ferrari imaginable at home. #1 Ferrari F1 fan also. You could say I'm Ferrari mad. I think its about time I bought a real one. I don't care about re-sale value of 360's as I'm not looking to buy one then sell to make money on it - once I buy one it will be mine for life, maybe passed down to the kids when I die. Model doesn't worry me - I only thought 360 because I've heard they are extremely reliable solid cars and nothing much goes wrong with them. I'd be happy with a good 308 but like mentioned earlier I'd be worried about the maintenance costs. There's one thing buying a Ferrari and then there's owning one.

    As an example I recently bought a $30,000 Ducati, another italian exotic I always dreamed off having. Damn thing spent most of its life in the workshop because it overheated and kept shutting down. I was advised that this was the Ducati's "character" and that they were temperamental like that. I had to get the thing tuned every 1500kms because one the heads were even slightly out it ran like crap. A simple oil change cost me about $500 ( this is 30 minute job ) at the service agent. Then I was advised that if I want the engine to last I would need to change the oil every 3000kms and not the 12,000km the factory lists ( oh you mean one of those $500 jobs every 3000kms? ) . Oh and because the Ducati's run a desmotronic valve system you need to adjust that every 6000kms which is an engine out job. I didn't even want to ask the cost for this considering a 30 minute oil change was $500!!! I spent more time maintaining this thing than actually enjoying it. It all ended up being too much cost to own and I ended up selling it vowing never to buy a Ducati again. I since bought a Japanese bike and have never had a single problem and it costs me $150 to service once a year.
     
  2. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    100% on the money. if you fit in one ok, a 328 is the car to get. bullet proof and economical and beautiful.

    with the right exhaust, they even sound good...and none of the complexities of the cars that came later.

    if you feel a 328 is 'beneath you', then you should be buying a Porsche anyway.
     
  3. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    are you saying a 328 is a lesser car than a porker ?
     
  4. poyta

    poyta Karting

    Mar 7, 2004
    203
    Adelaide
    Full Name:
    Peter W
    Ha Ha, It had to be a Mario didn't it. Thanks. I'll definitely go see him and have a chat. Thanks for that. Anyone else recommend another good Adelaide based workshop that works on Ferrari's? I've been advised to stay away for Prestige Formula?
     
  5. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    no


















    but it is :)
     
  6. Dave 456

    Dave 456 Formula 3

    Nov 15, 2007
    1,317
    Sydney, Australia
    Full Name:
    Dave Simons
    Whoops, my bad - should have asked about Italian bikes.....good answer. Yes, I had a couple of Ducatis too, once upon a time....

    From what I can see, being a relatively recent Ferrari owner, the ownership experience is pretty much down to the competence & honesty (& lack of greed) of whoever does the maintenance, if you don't want to/can't do that yourself.

    One thing I've learnt though - any Ferrari is not a fragile toy - they are very robust, but don't suffer fools, either drivers or mechanics.
     
  7. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    try goober's boys at Koala rentals, they are always making sure his cars are up to scratch and what it REALLY costs to fix these cars .... just don't mention alternators :p
     
  8. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    which porker ?

    are ANY of them standard, or just the usual stripped out hotted up eggs ?
     
  9. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    my poor cars suffers all the time, .... the fool driver is also the mechanic :eek:

    100% on the money Dave, a good mechanic can make or break the ownership of the car , and for ferrari ownership multiply by 308 :)

    I can fix all the things on the QV up to a cambelt change but don't trust myself with anything past that

    Just remember that an engine fix on a 308 is roughly $10-15K and the motors after them are significantly more,
     
  10. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    you better believe it!!!
     
  11. vegas1

    vegas1 F1 Rookie

    Jul 28, 2004
    4,202
    Australia
    Pap and I would sell you our 348's but they are too collectible these days.
     
  12. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    nice way of saying you can't sell them
     
  13. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    With a $130K budget, I would test drive a few different models if possible. :):)

    I would drive a 308 up to a 360 and everything inbetween. :):)

    You may find one model you like more, over another. :):)

    If your heart IS set on a manual 360. Find a good one, have a PPI done and buy it. Simple as that. :):)

    An oil change on them is easy (if you're half handy). A clutch will last as long as you look after it. There is NO set km's for them to be replaced. Whoever told you the clutch only lasts 25,000 km's need a good turkey slapping. :eek::eek:

    Cam belts can be changed whenever you want. Every 3, 5 or 10 yrs. Cam belt in my Ferrari is 8 yrs old this year. No reason they wont last 10+ yrs, if you drive the car regulary. Cam belt tensioners can fail also, but same deal applies. 8 yrs on mine now and no issues. A few 348 owners in the USA have had original cam belts and tensioners 15 and 16 years old before they changed them out. No worries. ;);)

    If you buy a 360, make sure its had the cam variator update. Check or have it checked for the 'VD' stamp on the very front of the drivers side cylinder head. :D:D

    *Even then, the updated cam variators can fail. Just so you know*


    Dont ever jump start a 360 either. Dash electronics are REALLY sensitive to this. ;);)

    Cam belt change on the 360 does not require engine out like the 348 and 355. So it *should be* cheaper than 348 and 355 cam belt change. But dont hold your breath on that. Budget $5K every cam belt service, every 3,4,5,6,7,8,9,10 or 20 yrs. Whenever you want to do it. :p:p

    The 360 is actually one of most reliable Ferraris ever made. Find a good one, buy it and enjoy my friend. :):)
     
  14. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    #39 PAP 348, Jan 10, 2011
    Last edited by a moderator: Sep 7, 2017
    +348! :eek::eek:

    Lol, lucky they arent for sale. :D:D
    Image Unavailable, Please Login
     
  15. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    The engine does NOT need to come out to change the belts in a 355.

    you're better off giving no information rather than wrong information.
     
  16. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    You will struggle to find a manual 360 regardless of budget because they are relatively rare. I bought one new back in 2001 and from memory manuals were only about 10% of production. Your budget probably won't get you into a really nice example of a 360; but it will get you an average one. A very good, well maintained and reasonable mileage 360 manual should cost very little to run by Ferrari standards. The F1 examples can cost huge money if the electronics/gearbox plays up. A friend got a $27k quote for his high mileage 360 that was only worth $100k anyway. As PP said, a nice 328 is the best car to get in your budget. Fun car, easy to drive and cheap to fix.

    Boy you had a bad experience with Ducati. I have had four of them now and although I don't do a lot of miles, they have never caused those sorts of dramas and were not expensive to service. They are certainly not cheap to buy and run, esp when you look at it from a % of bike value viewpoint; but nothing like what you quoted in my experience.
     
  17. Dazzling

    Dazzling Formula 3

    Nov 18, 2010
    1,133
    Adelaide
    Full Name:
    Darren
    +1 Good advice

    It will be interesting to see how you go as you may find that you prefer a non electronically assisted car (anything up to a 348) to be more up your alley (given the obvious Ferrari passion you describe in your earlier posts) than the admittedly, more powerful, better appointed, easier to drive but slightly less involving 355 and 360.

    I do think that a manual 360 is a great choice though.
     
  18. Dave 456

    Dave 456 Formula 3

    Nov 15, 2007
    1,317
    Sydney, Australia
    Full Name:
    Dave Simons
    Just to put some perspective.....Ferraris Do come in configurations other than 66% engines behind the driver....there is another setup - the way God and Enzo intended..

    C'mon another 4 plugs at service time don't cost that much..
     
  19. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,627
    Methinks you're wise words are wasted ;)
     
  20. karabil

    karabil Karting

    Feb 22, 2010
    114
    Australia
    Just my 20c worth----- I have 308s, 328s and a 355. They are all fantastic to drive in their own individual ways. If maintenance is you main consideration then the 328 or 308 is the way to go. It sounds like you are indeed a real life long fan and If you imagine that you would enjoy leaning to do at least some of the basic work on you own car your obvious chioce is the 328 or 308. Add to this that these cars are not depreciating and are less to purchase than a half decent 360 and you have the best of 3 worlds!
    1. lower finance cost--(and all money has a finance cost or opportunity cost)
    2. No depreciation??? (or at the very least much much less than a 360)
    3. Much lower maintenance if the car is up to date in servicing. (and even less because it is possible to DIY)

    Which ever Ferrari you buy you can be sure you will love it. When I drive my 328 it is the best car---trouble is same goes for the 308 and the 355. If you are in Melbourne any time soon and you want to do some research you are very welcome to have a look at my cars --9 Fcars all up and have a chat. And yes some are for sale. Cheapest around $75,000 and most expensive $125,000.
    I'm not too sure I would be worried about the maintenance cost, you could just sell some of your models as the need arises. Anyway the golden rule is buy the best car of any model you can afford but leave some reserve for the little surprises!
    Have fun shopping!!
     
  21. AKA

    AKA F1 Rookie

    May 17, 2005
    2,937
    Melbourne, Australia
    Full Name:
    John McCabe
    Nothing like my first 9 months either.

    Saying he spent 30k mean that it had to be a 1098/1198 which are BASICALLY the same bike as mine (yes, yes, the whole identical but different thing). I was told NOTHING like that by the dealer, have had no issues (with the exception of the random stalls at idle which apparently can be a somewhat common issue for the 848 that is generally caused by the tune on the stock ECU and the best way to get rid of it is buy the better exhaust, but I digress).

    I was told to do the annual service even if I don't hit 12,000 (which I won't manage to reach), but was quote around 600-700 for that service, which is a fluid change and valve clearance check and adjust.

    I was not told any of the other details, especially not the valve adjust every 6,000km.




    But that is a whole other discussion.

    For that much money, and with your concern about ongoing costs, if you can't afford to run it, you can't afford to buy it.

    Completely academic opinion as I don't own one, but it's my approach to vehicles.
     
  22. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    yes
    but only if it goes to a good home
    if not ill keep it
    its a Great car
     
  23. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    Yes it certainly is a great car Paolo. That capristo exhaust sounded fantastic. ;)
     
  24. Dave 456

    Dave 456 Formula 3

    Nov 15, 2007
    1,317
    Sydney, Australia
    Full Name:
    Dave Simons
    Ah, yes Greg - the youth of today....simply no idea..
     
  25. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    thanks Brett
    was great to catch up with you
    your a true friend brother
     

Share This Page