Bob, the one at Blackhorse is a GTB, not a GTS. And, if it had black carpets, it would look great with Cuoio, but IMO, looks not so great with beige carpets. The point I was making (that you will never agree on) is that the market always has many times more spiders than GTB's or GTS's. Still want to deny that?
LOL Dave, That was never even discussed here at all. I didn't say a thing about that. I also didn't differentiate between GTX. I was noting the fact that there exists low mileage GTX out there as per John's links at a price that does not reflect some kind of ultra rarity.
Good analysis. The buyer who wants a modern Ferrari (performance priority)and doesn't want to buy new has 18,000 360s to choose from, and the improved F430 is getting closer to the $100K range (i.e., new Porsche 911 range). For those who care about running costs, both have better reliability/maintenance track records than the 355. The buyer who wants a classic Ferrari (style/DIY driving experience priority/simple mechanicals/classic body-on-frame) but is priced out of the 246s is probably looking at the 308/328s, which are for the most part still under $100K for now.
however the 355 IMO is better looking and sounding than the 360 with the exception of the Stradale and certainly better looking than the 430...... Having said that I get Jons point.
Well stated. I know I have heard this from some non-Ferrari owners that I know who have considered hopping in to a Ferrari for the first time.
That's called remarketing... It will probably show up on Fchat too.. https://support.google.com/adwords/answer/2453998?hl=en
My car will go down in value and will put it in the pile of all the others when I am done having fun with it. Image Unavailable, Please Login
The 355 is indeed at a transition stage until the 360/430 non-routine maintenance costs come more into play and/or 355/3x8 price disparity further increases. In addition, I think the 355 will eventually progress from its current transition stage especially when the right demographic, who appreciate its styling, sound and performance (more than the 360/430/3x8), can finally afford these cars. In terms of exceptions, really nice and documented cars seem to command more $ compared to a year ago. Also, perhaps with some personal bias, titled Challenge cars will likely be one of the first 355 models to break into collectibility status. I've already been offered more $ for my race-patina 355 Challenge than the GTS and GTB on cars.com.
Oh Sorry, I am proud of my taco fart dude Thats a 355 hardtop shell we have on a back burner, full caged street masher when it's done if ever LOL This one is cooler though Image Unavailable, Please Login
Explanation: I cannot see the private party 98 GTS with 34k miles and no mention of recent maintenance selling before the Switchcars 95 GTS 24k miles and recent major for only $5k more...also red-blk is a less appealing combo IMO. Until recently, there was a 1997 GTS red-tan with 32k miles selling for $62,000 private party on AutoTrader. Removed within the past week, sold? I think a good indicator is turnover on cars listed at Black Horse Motors. They consistently have the largest selection of 355 than anyone in the US and you can assume that when a listed car disappears, it is a good bet that it sold for somewhere just south of ask. How much south is open for debate.
In the last week, sale pending (was $70k) on a 98 F1 with 14k miles, red-tan: Used 1999 Ferrari 355 F1 Berlinetta for sale in MIAMI, FL | Kessler Auto Group, Inc
If any of you want to know what your car is truly worth, take it to the dealer or an independent dealer who sells exotics, and ask what they will pay you for it. Ill bet you wont be very happy. Whole sale price is quite low. Market price is completely different. Ferrari's in general are not a fast moving product. They must be bought at a certain price point in hopes that you don't lose money on the car while is parked in your showroom. If it sits there for 6 months, that's 6 months of depreciation, never mind the space it takes up, advertising, keeping the car clean and looking good. All that takes money. If anybody was buying 355's for 70k and trying to sell them for 75k, they would go broke in a hurry. The low whole numbers reflect the fact that the cars are not fast movers. 40k wholesale is a number that looks like it would give huge profit. But factor in the overhead costs to keep that car until it sells, your lucky to get 5k out of it gross..then you gotta pay the sales guy.
When I bought my 85 308 QV back in 85 the salesman made a slip and I was able to see the dealer cost of the car. Markup from dealer cost to list was 25%.
Well said. The fact that we must face is there WILL be valuation pressures on our cars that will push the values into the basement once the Top end of the market (Enzo era cars) collapses. That moment will, as it always does, drag the rest of the market down. Something else to consider is if infact Ferrari goes the Porsche route and maximize production, that will initially drag down the value of our cars while everyone scrambles for the latest and greatest. The third pressure will come from cars that drive themselves, future fuel prices ( $10/gallon gas) coming carbon tax expense and increases in insurance that will blow your mind ( on cars that are controlled by actual people). By the time these cars are worth a ton of money ( and there is no guarantee they will ) we will be old mf'ers. Our dicks won't work and we will probably be on our second hip surgery. So don't be one of these guys on their death beds crying a lullaby about wishing they didn't spend as much time at the office and driving their Ferrari more. As Sherpa said, if your looking at an investment don't do it in these cars. Buy the car you love and drive it and FUGEDDABOUTIT! Take my advise.
Ahem, some of us are still in our 30's and already on our 3rd hip surgery. I learned earlier than most that you only get one go lap in life and sometimes, you don't even get that. Drive your damn cars, people. Buy them because you love them, not because they're going to appreciate. The value is in the fun of having them.
Actually Tom, you are almost correct. This is what the business ( car community ) will have you beleive. The reality is the cost of money is beyond cheap, and has been for sometime. There is another factor n play. Cars can sit and dealers can hold the money tied up in an exotic because 100k in the bank translates to $1,000 at 1% interest. Keeping the 100k car on the showroom floor attracts clients for other product cars, and they can stay firm on pricing if they bought the car right to begin with. Where else can a dealer make such a return on investment if they buy an exotic at a low whoelsale price. Dealers have no desire to let these cars go cheap because if they got a 355 for 55k wholesale and then tried to sell it for 75k the juice is in the squeeze. They have little motivation to move that car for only 65,or 70 ..... That 65k in the bank will yield only $650 in interest , then finding a replacement exotic with that same potential also becomes a work in progress. There is more to the story than just flipping a car.
