Looking to Purchase a F355 Spider/my rant for this afternoon | FerrariChat
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Looking to Purchase a F355 Spider/my rant for this afternoon

Discussion in '348/355' started by Nikoskevlar, Oct 7, 2011.

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  1. Nikoskevlar

    Nikoskevlar Karting

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    #1 Nikoskevlar, Oct 7, 2011
    Ok, my rant for this afternoon is this:

    I was looking to buy an F355 spider today, deal fell through due to lack of maintnence that the dealer suggested had been performed. I am tired of "professionals" selling exotics and not being truthful with its records.

    I am not new to owning exotics, specific models included.

    I am looking for a 96+ F355 spider in red or yellow. I dont really care about miles as much as I do maintnence records. If anybody has one, or knows of one please let me know.

    Ebay and auto trader are full of supposed 30k majors and other that arent being truthful.
     
  2. Chupacabra

    Chupacabra F1 Rookie
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    #2 Chupacabra, Oct 7, 2011
    Of course. My personal fav is "Major service was performed just X miles ago!" Then you find out the car did those miles in 7 years. ACK!

    You're in the right place to be directed to a good one, though! It's out there, for sure!
     
  3. Nikoskevlar

    Nikoskevlar Karting

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    #3 Nikoskevlar, Oct 7, 2011
    Thank you sir. I am hopinh my fellow exotic owners knows of something. Last guy wanted 53,000. And come to find out the last major was done 4,000 miles ago and over five years. Also needed a new clutch. Never had the valve guides updated, manifolds, sticky parts, etc. BUT, it sure was represnted as a CLEAN up to speed vehicle. Drives me nuts people do this. If your going to sell a Ferrari without the service, THAN TELL PEOPLE.

    With all of my past dealings with Exotics I have come to the relization that mainting these cars doesnt increase the value all that much. Its merely part of the game if you ever plan on selling the vehicle. Now a car that hasnt been maintained will bring a much lower value. The roles cant be reveresed. Maintaing your Ford doesnt make your ford double the value. It only retains its value.

    I wish more people did business like me. Fair, honest and realistic. I am not in the market to low ball anybody. I pay a fair price for vehicle that has been maintained properly. The consumer retail market needs to stick together. Us buyers should be dictating the market more than the shops do.

    Only in a perfect dream (not world). Somebody please let me know they have a dream vehicle with a for sale sign on it.
     
  4. Challenge

    Challenge Formula 3

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    #4 Challenge, Oct 7, 2011
    Last edited: Oct 7, 2011
    Try Ferrariads, specifically the red Spider listed by jmbarba76. He seems very knowledgable and spent time with me via phone during my search. Universal did the major...and there are pics to prove it. I was planning on driving to see his car on a Saturday; I found out about the car I own now the previous Wednesday.

    Cars.com IMO is a step above autotrader and certainly fleabay.

    Good luck and keep us posted!
     
  5. 355dreamer

    355dreamer F1 World Champ
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    #5 355dreamer, Oct 7, 2011
    First of all, why a 96+. Makes no sense.

    Secondly, if you expect to buy a 355 with a recent service, no sticky parts, updated headers and valve guides done, expect to pay ALOT more than 53k.

    Good luck on your search.

     
  6. jmbarba76

    jmbarba76 Formula Junior

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    #6 jmbarba76, Oct 7, 2011
    1998 Red Tan spider. F1 Tranny. 30k done a year ago at Universal autosports. Check out photos at www.universalautosports.com under service projects. Lookin for 65k. Let me know if your interested. There are also a few pics on ferrariads. Thanks.
     
  7. jmbarba76

    jmbarba76 Formula Junior

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    #7 jmbarba76, Oct 7, 2011
    Hey Kevin! How is your 355? Hope you are enjoying it! Post some pics if you get a chance.
     
  8. Nikoskevlar

    Nikoskevlar Karting

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    #8 Nikoskevlar, Oct 7, 2011
    96+ refers to years 1996 and newer.

    There are a number Of F355 out there that have had their routine service performed, and the majority of the failure parts replaced after 25,000 miles for a realistic number.

    I am not arguing that every ferrari needs to be x amount of dollars. I am merely stating that in today's economic times it's absurd to ask similar dollars for a vehicle that has been kept up with service with dealer specs. There are F355 out there that have had their major done one or two years ago selling in the 50k range. I think owning one of these cars, it's not very important if you plan on keeping it for a long time to skip services. It resale is a whole different animal.

    Kind regards. It's merely my opinion. Buying an f car that was maintained for a fair price is much easier than paying high fortys and getting stuck with a 15-20k engine out bill.
     
  9. pchop

    pchop F1 Rookie
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    #9 pchop, Oct 7, 2011
    Total understand and feel your pain. Unfortunately, good cars are usually sold amongst private parties and rarely gets advertised. It's a numbers game: either pay for the good example or find a diamond in the rough and you have to fix all the little issues.

    One thing I can tell you is that $53K is a realistic price for a 97+ car WITHOUT major service and high miles (30K). A sub 25K miles car, major service completed, with history will run you in the low $60s or high $50s.
     
  10. Challenge

    Challenge Formula 3

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    #10 Challenge, Oct 7, 2011
    ...and they continue into the mid to high 70's.
     
  11. Nikoskevlar

    Nikoskevlar Karting

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    #11 Nikoskevlar, Oct 7, 2011
    Asking mid 70s is crazy. Asking that price and getting it are totally different. Cars over 65k have been on the market fir a long time.
     
  12. vvassallo

    vvassallo F1 Veteran

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    #12 vvassallo, Oct 7, 2011
    Last edited: Oct 7, 2011
    I don't think the point of this thread was to validate the price of the car for sale. It's about a professional seller representing that the car needs nothing when it, in fact, needs an engine out, regardless of the mileage. A qualified Ferrari sales person knows the maintenance intervals and would disclose them. In fact, I have been told to get an engine out as a seller on a car I wanted to put on the market for a cleaner transaction. It's not the money in many cases, it's having the buyer being able to happiy motor around in his new purchase without fear or worry - to the extent that these services provide. The minority of buyers are opportunistic where they are looking for a deferred maintenance exotic to get a good deal.
     
  13. cuneo

    cuneo Formula 3
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    #13 cuneo, Oct 7, 2011
    The cars he was talking about are the rare gems that trade quietly, no one hears about, and never come close to ebay, autotrader, etc.
     
  14. Challenge

    Challenge Formula 3

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    #14 Challenge, Oct 7, 2011
    No, it is not crazy. And cuneo is dead on. My car was not advertised. I found out about it through a fellow F-chatter who knew it was available. Oftentimes the good ones never make it to the internet, thereby skewing the perceived pricing of a model. I do not mean to hijack this thread, but I know what I'm talking about.

    Again, good luck with your search.
     
  15. 355dreamer

    355dreamer F1 World Champ
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    #15 355dreamer, Oct 7, 2011
    I know what 96+ means. I am wondering why you would eliminate the best of the breed from your search.

     
  16. 355dreamer

    355dreamer F1 World Champ
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    #16 355dreamer, Oct 7, 2011
    355s that are serviced, have better headers and valve guides address sell for over 70k.

    And, you are correct brother, they sell privately between enthusiast.
     
  17. Nikoskevlar

    Nikoskevlar Karting

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    #17 Nikoskevlar, Oct 7, 2011
    You couldnt have been more accurate. The thread went from one point to another bidding war which is partly my fault. However, you are absolutly correct.
     

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