I have done that drill and did a writeup on it. Just warming it up doesn't cut it if you want a BAR sticker. It isn't a tailpipe sniffer, they gather ALL of the exhaust and run a mass spec on it; you also have to pass cold start and a bunch of other stuff. You can be barely detectable in a tailpipe sniffer and borderline on the BAR test. It costs 1000s for the testing plus the time and hassle. AND that assumes it passes, very touch and go. As noted, used cats are illegal to install, not that anyone would likely know. As I noted, it cuts into the number of buyers.
Hmm. Interesting... happy I live in a non-testing state! FYI I was strictly referring to finding the old cats that were on the vehicle and re-installing them as old parts pop up on ebay..
These guys want $50K for a Euro car with 4X the mileage and questionable history. https://www.ebay.com/itm/2003-Ferrari-360-Spider/113597491172?hash=item1a72f027e4:g:hU8AAOSwODFcSzw5:rk:1f:1&vxp=mtr&frcectupt=true I reached out and with a low range offer. They claim to have offers close to asking. My search just started 3 days ago and I think that if I'm patient, I can find a better deal. A quick VIN search revealed that the car sold in the mid to high $30's a few years back. - That's the deal I am waiting for!!!!
Google the VIN.... There's an old classified of the car that I referenced listing the price at $39k. That was years ago and work has been done. With that said, it has 92,000 miles. I am not sure what the discount would be on a car with that type of mileage but it has seems to have sold. I don't really plan to find a 360 in the $30's and if I did, I would fully expect a salvage title or a project car. I wouldn't be opposed to a car with a questionable past but it would certainly need to be worth my while and risk. The car in the ebay auction didn't seem worth it to me at their asking but obviously it was to someone. I though it was a good comparison for the OP's car as they were both gated Euro's. We can assume that the ebay car sold for close to $50K with high miles. The OP's should be worth that at a minimum.
This is a fantastic car, for a clean gated 360 well maintained this will ALWAYS have value, cats or no cats. If I were you and did not need money, I'd buy a battery tender, find a friend or family member with the space to keep it at their place, pretty sure they wouldn't mind having that in their garage, let them drive it a few times a month to warm it up and lubricate it, and sell it when the market comes back up.
Thanks for the all comments and feedback. I have been working all week and just got a chance to check on this thread. Here's a quick update for everyone, I've currently got my eye on 4 F12's and still haven't made an offer on one yet. I did take my car to Ferrari of Austin and they suggested I sell it on the private market since it is a Euro and highly modded... it is not exactly Ferrari dealership material. I figured this would be the case but it was a good exercise nonetheless. I need to clear up this cat question, the car does have hi-flow cats and has passed the Texas Inspection every year I've owned it with no problems. Before that it passed annual inspections in New York and Michigan. Sorry for any confusion but this should be a non-issue for the next owner as it hasn't been an issue at any time in the cars' history. My car is due for service in March so I'm going to get it into the shop and do a major so it is ready to hit the market. I just pulled out the service records for the car under my ownership: roughly 6 years, 6,000 miles and (gulp) ~$26,000 before the upcoming major! I addressed anything that ever came up so it has been maintained to the highest possible standard. She'll be a great car for the next owner. I have a few PM's that I'll respond to and be sure to update everyone when it is ready to hit the market. Finally, I would absolutely keep it if I could fit a lift in my garage but I think my ceiling height is too low. It would be an amazing companion to an F12. Raw and more of an "experience" type car. (My wife loves her 560SL so it isn't going anywhere.). My car is very loud and with the stick it is just an amazing classic gated experience. The F12 is really a *****cat until you put your foot into it, then the back-end breaks loose and it throws you violently back into your seat. It is really awesome but a very different experience. You could argue the old 6-speed 360 is as fun on the street, the track would be a way different story, and you can also argue the 360 delivers more bang-for-the-buck. (Though I think F12's are a great buy right now as well) Driving them back to back really lets you appreciate the greatness of both. The mid-engine V8 is raw, light and agile.... the modern V12 Ferrari is pretty much a daily drivable supercar. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Thought I'd update this thread... turns out I decided not to sell my car. I ended up lowering my budget and aspirations and yesterday bought this California T. https://algarferrari.com/showroom/inventory/ferrari-california-zff77xja3f0207907/ Given my limited garage space I'm now going to have to start storing cars offsite but I have a couple of great options that I am considering. I regret selling my 930 many years ago and my wife kept reminding me of that when I talked about selling the 360 to move into an F12. The F12 I was looking at was/is amazing but not perfect, and another 80K more than the car I just bought. I know I would regret selling my 360 so we decided to keep it and rotate cars as needed. I am not a fan of the original California but the T is something different entirely. I actually like it more than the Portofino, both of which I have driven. Between the price difference to an F12 my wife's desire to drive the "new" Ferrari I thought the California T was a nice compromise. I still DEFINITELY want an F12 and imagine I will get one someday but I feel good about where I landed. Actually, I'd like an F12 and a 550M but let's not get too far ahead of ourselves. The California T I bought is highly optioned and I'm buying it for over $100,000 off sticker 4 years and 8K miles later. Still under Ferrari 7 year maintenance with a fresh service and 2 year CPO warranty. While a used McLaren is usually an incredible buy on the used market, F12's and California T's are also a great pick up right now considering their high MSRP's and rapid initial depreciation curves. I'll start modding the California T when it shows up and I'm looking forward to a new journey. (Needs Novitec lowering springs and a few other small things ASAP!). That said, I'm also super happy to be able to say that I'm keeping the 360 as well and will continue to drive and evolve that car. I feel this is the first time I've had a car where I've said "I'll keep this one forever" and actually followed through with it. There are 4 or 5 cars I should have NEVER sold but did for some stupid reason and that just eats at me. Especially the ones that had great driving experiences that enthusiasts like us tap into. I love how raw my 360 is compared to a modern car and I'm glad my wife helped convince me to keep it. She's a good woman. Looking forward to doing a comparison writeup for this forum once I have it for a few weeks and form my initial ownership impressions. I'm sure it is going to be VERY different. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Well done. I like this model over the newer Portofino and definitely over the previous T. Good pick up. Get the F12 later when it depreciates more. I'm sure they'll get into mid to upper $100K range at some point.
I totally agree... I won't say it on the other forum but many people (I am one of them) think that the Portofino looks too much like a Camaro. The T has more than enough performance and I really like the looks the best of all the V8 hardtop convertible Ferrari's. I believe the design will stand the test of time. F12's will keep coming down. It will be interesting to see where they level off. At some point they will be held up by the FF. Now THOSE are a smoking deal in comparison but I couldn't get my wife's head around the design so they were not really in consideration at this time but I'm a big fan of those as well. Heck of a lot of car for $150 or less.
Is it me or you s selling a Ferrari a nightmare? People want a concours car or not at all. This is a great car and people say it’s worth ?60k. For cars supposedly worth a lot it seems a few are, and the rest you can’t even sell. Add to that people paying 8-10k for catalytic converters? Seriously? Talk about devaluation of these cars. Old exotics are NOT for people who cannot turn a wrench.
I'm also about to put my 2000 F1 on the market and although it's very clean with recent major service done and only 15k miles on the clock, I'm already dreading the process. However, this is something we, as owners, should expect before buying or selling a Ferrari..
Exactly. It's always the best of the best of any model (lower mileage, documentation, color combo, originality, USA model, all fobs and books, etc.) that sells-- an even then not for the money most expect to get. There's a slim market for any Ferrari as I have seen by following the market for about 2 years now. Especially since from the 360 onward, Ferrari has produced a lot of cars of each model. Car Gurus currently has 52 360s for sale, 55 430s and 236 458s for sale. That's a lot of high dollar used Ferraris to find homes for. And IMO a used Ferrari buyer is an atypical person. A gated car is desirable but I'm thinking there are less and less of folks who will want them as time goes by and paddle shift cars become more the mainstream. But again, the "best of the best" will be the ones that sell-- and for the most $$. I bought a great 360. I got a great deal about a year and a half ago and prices have not gone up or down much on the really nice cars. I have seen nice cars sill unsold that I looked at over two years ago when I started looking for my 360-- including gated ones. But with that said, I highly doubt that I would get what I paid for my car if I chose to sell it-- and I probably would be really disappointed with the offers I would get. But there's the thing, I bought the car I wanted and plan on keeping it for some time. With all that said, congrats on your new California T!
The Cali T arrived last Friday! Here are a few delivery pics... I'll get some better photos later at some point. Initial impressions: The car is pretty quick. Being an old turbo car junkie I can always use more boost but the power delivery is very linear and impressive when you put your foot into it. It doesn't NEED any more power but I can see myself going to the aftermarket for some power mods later down the line. The car is SO easy to drive. Literally feels no different to me than any other modern luxury car. I found myself driving it in "Auto" most of the time, I actually like how quiet the exhaust is because my 360 is 6obnoxiously loud. I'm looking forward to putting many miles on it as it is a great daily driver. The Transmission is awesome. I have had a number of Porsche's with PDK and driven COTA with them and been thoroughly impressed with that technology... I'd say Ferrari has caught up. It is just awesome... that said, since I keep it in "Auto" most of the time it is much less of an event. For this reason alone I am SOOOOOOOO glad I kept my gated 6-speed car. They are clearly from two VERY different eras. The 360 feels like a classic in comparison. I love the convertible top! I have put the top down more than not... didn't necessarily expect that but given how easy it is and how nice the weather is in Austin this time of year it is a shame to not drop the top. This summer when it is 100 degrees out I'm sure I'm going to love the hardtop but for now I am LOVING the dual personality this car offers. The car, even in silver, still gets a lot of attention. I guess because of the top being down all the time I'm having people talk to me at stoplights or when driving slowly through my neighborhood. I think this is a beautiful design and the general public seems to agree. That's it for now... only 100 miles on the car so far so I'm still learning but those are some initial thoughts. Will share more when I get some more seat time. So far, no regrets whatsoever! Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
