No way you can swing a 550 Barchetta for $100k...if you can, i'll take two Great car, but more like $175-200k depending on color, options, mileage
Oh how the mighty have fallen. I see nothing that indicates the newer v8's won't follow the same exact trend. That being said, I love my 355 so far and it's close to the bottom. In 5 years, you'd lose more than the current cost of a decent 355 on depreciation of a 430. Only buy one if that's the car you love as it's value will tank. I was not concerned much with that aspect when I bought,I had a budget and wanted to get the most bang for the buck within that. I ended up spending less than my budget and so I have less worry about maintaining than if I had gone for something more expensive (512tr).
My gt4 was the only car I have sold for better than scrap value! I wll never make that mistake again! Drive them until they can't be driven anymore!
Early 430 CS - if you can stretch it, like others have said 360 - the plain and boring option, but a great one. 355 - save some money Boxer Other older Ferraris you could easily afford So many choices!
good point William. GT's have really defied the curve. Even salvage history doesn't seem to hurt them as much, compared to other cars.
True. But the driving experience is different. For that matter, I think BMW Z-8s hold their values well, too.
Hmm, $120k in the car fund. What would I do? All depends. Personally I would want to buy a Ferrari for $60k or less and bank the rest of the money until I 100% knew what I wanted to own. You can't go wrong getting a 308 or 328, driving it around for a year or two, and then selling it for something better.
The car that will really appreciate and be collectable is the 993 turbo, plus it is the final and most developed aircooled porche.. If Ferrari is your thing and you have a 360 already then the older pickings are slim. Basicaly a 550 or Boxer TR 355 and 328. The 550 is more of a modern car, and whats the point, its not a viceral as an older one and you already have a 360. 328's look great, but really dont go, i guess if you live on a twisty mountain they are fun, and not going down. 355's are great a future classic, but they cost to run, and once again are close to the 360 experience. Which leaves the Boxer and TR. The 512 TR has some serious go, but can you live with that fat ass look. Yes in 30 years it will be the pink tailfin caddy classic. The Boxer has less performance than 512 TR, but not necessarily less than a testarossa. The AC also sucks. A boxer is really a car to be used on the right day in the right weather. The compromises concept execution and looks are where the value monatary and experiential come from. Its like good wines, or certain women (redeads), an aquired taste. If that taste works for you, then the car is magic, if not its a pain. A boxer is really not an in-between car, it is by modern standards pretty uncompromised and hard to core to use.. Now that they are becomming less frequetly used classics, the operational drawbacks are less relevant and the charms more pronounced. To put it in context if I were to get an additional Fcar it would be a 458, the boxer already covers all my classic experience needs, unless of course I had the scratch for a 288. Think of the boxer as amore affordable 288 type car, they are of the same genre. A boxer has all the performance and then some that can be remotly sanely used on the street. It has to actualy be driven and requires concentration effort and focus at pretty much all speeds, the faster you go the more alive it is and the easier the controls. So unlike a Dino only real men need apply, you have been warned.
60k cleanly puts you into 355 territory or ultra clean 328/348 territory. That was really where I was at recently, I really debated between the 348/355. It was quite the dilemma. The next jump would have been the 430 for me, and that was unfortunately too rich for me. Even then the 512BBi really speaks to me. Sent from my PC36100 using Tapatalk
Damn. I log off for an hour and I missed the peak. I agree on the 993 Turbo. I don't recall these (or the Ford GT, or BMW Z8) ever depreciating when kept in pristine shape. As to the Boxer, depends on what the OP wants, but it is one of the great truths of collectible cars that a lot of the things that made them undesirable as daily drivers really doesn't apply anymore. It also makes them a unique man-machine bonding experience, whereas the difference between the modern Ferraris and cars like the Audi R8, Lambo Gallardo, etc., is getting to be less and less. Problem is you buy a great 355 for $50K and then you're stuck dumping $8K-$10K into it every few years when something burns, melts, cracks or explodes. 512 BBi is has long term intrinsic value, but at $100K you're probably getting a pink metallic one with cobwebs in the engine bay.
It does not have to be that way, sure there is about $15k of mods to be done to help the 355 get reliable, but take care of those issues and you are back to sane maintainance schedule. Near as I can tell, address the exhaust, electrical connectors, and hoses on a six speed car and you will have a fairly robust car. Sent from my PC36100 using Tapatalk
Help me out here, doesn't seem like the F355 has many glaring weaknesses beyond that. The exhaust is clearly a big deal as is going through the wiring and sealing the cat ecus from water. The cat ecus can easily be bypassed for about $20 with an adjustable voltage regulator after the exhaust has been sorted. I understand why Ferrari did what they did with the exhaust, but I think there are better solutions. It appears that most of the problems have nothing to do with the inherent strength of the motor or transmission. Tell me where I am wrong, I am the newbie here. I could be missing something big. However when I see the stock motor and transmission under boost from a turbo, that would suggest that the underlying hardware is probably ok. I look forward to hearing your thoughts. Sent from my PC36100 using Tapatalk
Much to read in the 348/355 section, but you can start here: http://www.ferrarichat.com/forum/showthread.php?t=358440 Just keep an extra $20K in your wallet for contingencies after purchase. If you buy a 355 F1 Spider, maybe more. I've never come across another Ferrari that gets sold on such a regular basis because owners are tired of "CEL roulette" or terrified that another $3K switch might break. One 355 owner I know returned to a 328, and two others (personal acquaintances) bought 308s after selling their 355s. When you're not tending to the 355's mechanicals, you can always fix/repaint recurring stress cracks at the base of the buttresses (GTB and GTS models), or send the world's crappiest interior plastic out for de-stickying, or get the leather dash redone if the car was out in the sun. Despite all of this, I like 355s -- I think they're the last of the raw, exciting cars among the V8s, but you have to be ready for a very involved relationship with the car. The guys on the 355 board here are troubleshooting gurus. But 355 parts raised the bar for being stupidly expensive, and these are complicated cars, now more than a decade old. I wouldn't count on age making them more reliable. Your money, your call.
So anywho after talking with the OP he is still on the fence but I keep pushing the Boxer idea and hey I did not suggest it I'm only supporting his wants, after all it is his money. On another note I find it quite hard to believe that a well (or should I say decently) maintained 512BBi cannot be purchased for $100K. Oh and I have also recommended a 512 aswell. Just my take on this matter.
The Boxer is the best idea.....but wait till its service time. Thats the only thing that kept me from buying back when they were way less money.
$100k gets you a nice "driver" boxer. anything beyond driver and with updated services is more. as an owner for over 10 years...i really think the boxer you buy for $100k is going to to cost quite a lot more after it is sorted or serviced to an acceptable level. i am a boxer fan however and do think that even with the additional expense...it is still ferrari money well placed!!
So $100K will allow someone a nicely sorted and 'reliable driver' and anything beyond that price should be put on display?
I believe at this point the 1400 mile boxer that was for sale a few years ago will look like quite a bargain.