Would You Buy One with 53,823 Miles? | Page 2 | FerrariChat

Would You Buy One with 53,823 Miles?

Discussion in '348/355' started by Genyosai, May 13, 2014.

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

  1. fullmonty

    fullmonty Formula Junior

    Sep 17, 2007
    264
    LALAland
    Full Name:
    Mel
    My 355 just past 67k miles, running like a charm just took a trip to Yosemite. I sold my early production c6Z to purchase the F car. I loved the Z, incredible track car, incredible daily driver and long trip monster, but... I enjoy my 355 spyder just a little more... the size, look, balance and the sound.
     
  2. butcher

    butcher Formula 3

    Oct 19, 2008
    2,339
    Castro Valley, CA
    Full Name:
    Albert
    I wouldn't buy one, because I already have one with 43K miles on it. :)
     
  3. bobzdar

    bobzdar F1 Veteran

    Sep 22, 2008
    6,917
    Richmond
    Full Name:
    Pete
    Mine has 52k miles and runs great, I've put 10k miles on it myself. I honestly wouldn't spend extra for low miles as I'd just kill that added value anyway by driving it a lot.
     
  4. 355rockit

    355rockit Formula Junior

    Dec 1, 2010
    893
    San Marcos, CA
    Full Name:
    Vas
    Mine has 53k miles and is running like a champ.
     
  5. Chupacabra

    Chupacabra F1 Rookie
    Owner Rossa Subscribed

    Sep 30, 2005
    3,583
    Behind a drum kit
    Full Name:
    Mr. Chupacabra
    I went to the dealer and looked through what he has available on site. He did mention that it has a Tubi, so who knows -- maybe, juuuuust maybe it has Tubi headers?? :)

    Also agree with Bobzdar on the mileage. Why pay more for super low mileage if you're going to drive it a lot?
     
  6. ketel

    ketel Formula 3

    Aug 6, 2007
    1,355
    Sausalito, CA
    If you're going to drive it then just get a driver -- a sorted driver with all the records you can find and the usual things tended to but a driver nonetheless. Cosmetics are easy and relatively cheap; bad mechanics are not. There's this misconception that if you get a 355 for $38k you're going to put $20k into it over the next year or so, so why not just get a $58k car now. That's a false equivalence because it presumes that once you write the $58k check you're done putting money into the 355 which, we all know, is nonsense. You'll probably put $20k into that one too. And now you're in $78k.

    Think of it this way: all things being equal paying $58k for a low mileage 355 and $38k for a "high" mileage one means you're paying a premium because the bloke before you didn't drive it much, let it sit, and you're rewarding him. That's nuts. It may "look" good because it's been languishing in a garage most of the last 17 years, but how's that a good thing for these cars? The evidence is pretty strong that a sitting Ferrari is an expensive Ferrari to put back on the road and back into regular use.
     
  7. Chupacabra

    Chupacabra F1 Rookie
    Owner Rossa Subscribed

    Sep 30, 2005
    3,583
    Behind a drum kit
    Full Name:
    Mr. Chupacabra
    Couldn't agree more. Heck, I was tempted to write a check while I was there, but I don't really need a 348 AND a 355 :) Probably a really fun car at a great price point.

    FWIW, my 348 had about 44k on it when I bought it, and I saw (see) that as a major plus.
     
  8. UConn Husky

    UConn Husky F1 Rookie

    Nov 11, 2006
    4,425
    CT
    Full Name:
    Jay
    High mileage is way to go, mine had 36k at purchase 6 yrs ago, it's run flawlessly since and now is over 50k and can't wait to get to 60 :D
     
  9. DF1

    DF1 Three Time F1 World Champ

    Nice looking machine! Offer 36,000! :)
     
  10. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,846
    Houston, TX
    Full Name:
    Michael Foertsch
    Here's the irony of this statement: when a collectible car like a Ferrari gets older and more valuable, the inverse is true. Mechanicals are cheap, "cosmetics" like bodywork and interior is what gets extremely expensive.
     
  11. ketel

    ketel Formula 3

    Aug 6, 2007
    1,355
    Sausalito, CA
    I guess it's all relative. If one is buying some Enzo-era '60s V12 Ferrari (275GTB/4, etc) for millions and one wants to run it across the lawn at Pebble Beach then, sure, cosmetics will be bury you because everything needs to be perfect, original, blah blah blah. On most "normal" Ferraris that aren't so valuable that you're afraid to drive them, this is not really an issue for most of us.

    ketel
     
  12. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,846
    Houston, TX
    Full Name:
    Michael Foertsch
    Oh, I completely agree. It's just interesting how the equation changes as the cars get older. :)
     
  13. Genyosai

    Genyosai Formula Junior

    May 28, 2008
    501
    SC
    Full Name:
    Nicholas
    It's done.

    Money in hand, heading there Saturday. One question, though.

    I've always heard of "stress cracks" where the roof meets the rear fenders. The salesman called me about an hour ago to tell me it has that on one side.

    Is this an issue that needs resolving..... like welding or something? Car isn't going to "split" is it? I never had this issue with my F355 GTS, and of course not the Spider.

    Thanks!
     
  14. F355steve

    F355steve Formula 3

    Apr 9, 2008
    2,089
    Honolulu - Seattle - Okinawa
    Full Name:
    Steve
    No worries. It is cosmetic. It will always come back in time unless one does more than just fix the paint.

    The C pillar attaches to the rear quarter via spot welds. Far too few of them. Removing the paint and laying a complete weld on the seam is the solution. Not rocket science but paint work isn't cheap.
     
  15. F355steve

    F355steve Formula 3

    Apr 9, 2008
    2,089
    Honolulu - Seattle - Okinawa
    Full Name:
    Steve
    Are you getting a PPI done? Unless you really have first hand experience with a 355.... You really do need to know the engine is fine with a compression test.
     
  16. Kaivball

    Kaivball Three Time F1 World Champ
    Owner

    Jan 11, 2007
    35,997
    Kalifornia
    That's it?

    My 348 has 65k and counting... :)

    Kai
     
  17. cuneo

    cuneo Formula 3
    Silver Subscribed

    Nov 20, 2006
    2,484
    No problems on the Berlinetta I bought with stress cracks 8 years ago, they still look exactly the same, no spreading.
     
  18. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    14,440
    Tucson, Arizona, USA
    Full Name:
    Robb
    All of them have the tiny spider cracks at the rear buttresses... No biggie. If you repaint some day, you can fix it correctly then.

    Robb
     
  19. Genyosai

    Genyosai Formula Junior

    May 28, 2008
    501
    SC
    Full Name:
    Nicholas
    I intend to have one done. However, out of the Ferraris I've owned two have been F355s, so I do have some decent knowledge of them... what to look for and how they should run. I'm not actually bringing the car home this Saturday. I'm heading up to look it over for the things I've had go wrong on my previous 355s. If I'm comfortable, I'll request that Abacus Racing do a suspension inspection and compression test... unless I drive it and it just flat our runs how I know it should run. I'm going with funds-in-hand so that they know I'm serious. Once I get it home, I plan to have the major done regardless of what service it may have already had.... just so that "I" know when and what was done.
     
  20. butcher

    butcher Formula 3

    Oct 19, 2008
    2,339
    Castro Valley, CA
    Full Name:
    Albert
    Yeah, I got some catching up to do here. I'll see you out there soon, as we are now in prime driving season.
     
  21. F355steve

    F355steve Formula 3

    Apr 9, 2008
    2,089
    Honolulu - Seattle - Okinawa
    Full Name:
    Steve
    Excellent! Very interested to hear what you think of it after seeing it.
     
  22. Genyosai

    Genyosai Formula Junior

    May 28, 2008
    501
    SC
    Full Name:
    Nicholas
    #47 Genyosai, May 17, 2014
    Last edited: May 17, 2014
    OK, she needs a little TLC.

    Recognized Cosmetic issues:

    The windshield has a crack completely across it... A-pillar to A-pillar.

    The paint is swirled pretty bad and gives it a pale, milky yellow look, easily remedied.

    Interior is sticky beyond any f-car I've owned, but sticky was expected.

    Dash shrinkage is worse I've seen compared to F355s I've owned, but shrinkage was expected.

    Exhaust hardware is all severely rusted, none of my previous F355s had this issue.

    Engine bay plastics are severely faded, again something I'm not used to.

    Conclusion.... It's obvious this car was NOT garage kept at all, at least not by the last owner.


    Recognized Mechanical issues:

    Stock headers are blown to heck, but blown was expected.

    Noticed all fuel lines at the fuel block between the engine and firewall were of the braided steel type except for one which was a rubber fuel line. This threw me off because my previous F355s each had all braided steel lines here. Anyone know what this is about?

    Suspension warning indicator constant; quick, successful remedies on my past F355s were not successful here. Pulled off the actuators to see if they initialized when switched to power... they do. Suspension warning indicator still on. Switching the sport switch gives sport indication in the cluster, but does not rotate the actuators. Any suggestions here? Could this be a blown Shock ECU.... a bad sport switch?

    Rear right shock leaking on the top-side, causing dirty, oily, grimy actuator; expected to have shocks rebuilt. Can you guys refer me to where you have shocks rebuilt?

    Driver's exterior door handle is ready to snap; expected to replace with Hill Engineering part.

    Passenger-side window needs some adjustment on the track.

    Driver-side window has the typical "thud" that I'm used to when bottomed out.

    Missing tool-kit and tow hook (a Ferrari don't-leave-home-without item)



    Positives:

    The car idles very smoothly. Sounds like what I'm used to.

    The car drives nicely and runs very strong.... like how I'm used to F355s running.

    I now have the service records dated back to 2004. I find that amazing!! Records indicate approximately $8,000 worth of "unexpected" work over the course of 10 years, not bad I think. The last 7 years also covered THREE majors performed, the most recent by Abacus Racing in 2012 and 10,000 miles ago.

    CAT ECUs are of the green epoxy type.

    Catalytic converters are replaced with an unknown, high-flow converter. They look like Larini or Fabspeed.

    I let the car idle for THIRTY minutes to see if slow-down indicators would flash (had that problem in the past). No issue.

    Fans worked properly and coolant temps were maintained at the half-way point (I've had issues with temps rising beyond half-way at idle).

    Oil temps and oil pressure were great.

    No leaks where the shift-rod enters the gearbox.

    I took my OBDII scanner and checked for codes and pending codes before starting the car. Again after idling for 30 minutes, then again after a 30 minutes hard... spirited drive. No Codes pending or active.

    Oil was low but I'd taken oil with me. 1qt topped it up. Oil was very clean.

    All lighting worked.

    Gearbox shifty extremely well, something I was NOT expecting as my F355 GTS was a b*tch to get into second and always scraped into 3rd.


    Overall, I'm impressed with the car for the price. My only REAL concern is why the suspension indicator is on, for the actuators all initialize when removed from the shocks when key-power is applied, but do NOT rotate when using the sport switch. I'm starting to wonder if those switches have been removed once and now the wrong switch is in the sport switch position. I had a similar issue with my GTS when the passenger window wouldn't go up using the passenger side window switch, and the door locking switch wouldn't lock the doors. Turned out when the switches were refinished, they'd been put back in the wrong positions.

    I left more money with them and showed them the rest of the money to let them know I'm serious. I'm scheduling for Abacus to do a compression test as soon as they can next week. Once those results are back, I'll post here for advice as to whether I'm in good shape. If the compression test looks good, I'll pay the balance and have the car trucked to me.
     
  23. F1moving

    F1moving Formula Junior
    BANNED

    May 7, 2014
    781
    BUCKeYe!
    Full Name:
    Marcus
    Paint looks great in the pictures and so does the leather. I can't be that bad in person. You must be very critical.
     
  24. Genyosai

    Genyosai Formula Junior

    May 28, 2008
    501
    SC
    Full Name:
    Nicholas
    No, no... don't get me wrong. I'm not an overly critical person... however the paint is not great in person... you can see the huge difference between the paint in the jambs vs the exterior. It was definitely an out-side car and was continuously exposed to the elements. That's not a big deal, as the paint isn't a concern and will be easily corrected. I'll post pictures later today of when I had paint correction performed on my Rosso Fiorano GTS. As a matter of Fact, I believe I have a thread on here somewhere already with the photos, so I'll provide a link to that thread.

    The leather is in great condition everyplace other than the dash, of course. The seat bottoms are harder than my others, but nothing Leatherique Rejuvenator won't fix.

    Any suggestions on some to the mechanicals I mentioned?
     
  25. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    I think you'd be better off finding a different car.
     

Share This Page