Please explain to me a $111,000 355 | Page 6 | FerrariChat

Please explain to me a $111,000 355

Discussion in '348/355' started by Ferrari Fanatic, Jan 29, 2019.

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  1. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,346
    Kzoo Michigan

    All I know is Mine is one of them.
     
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  2. climb

    climb F1 Rookie

    Sep 19, 2006
    4,866
    Atlantic Beach Fl
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    Stuart K. Hicks
    Overpaid. Probably just a trigger happy buyer. An aberration. That’s all. For me the only 355 is a GTS 6 speed with valve guides and headers done and a recent belt change and fresh tires. Want a turn key example or at least the closest thing to that a 355 can be. Still be hard for me to break the 6 figure mark even if this unicorn came up for sale.
     
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  3. climb

    climb F1 Rookie

    Sep 19, 2006
    4,866
    Atlantic Beach Fl
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    Stuart K. Hicks
    And at least put the damn airbag cover on the ironing board will ya? Really one of my pet peeves with these cars. It’s a little thing that goes a long way in making you think less of an otherwise nice interior. The lettering around the knobs and switches are nice and white and the color in the leather rich. No fading. Nice original color depth on the steering wheel and carpet. All the visual cues there but the there’s this banana starting to peel. For my money I want that right too.
     
  4. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed

    Apparently the car is worth exactly what the person paid for it. Nothing more , nothing less. Best , Kirk.
     
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  5. Yellow Compass

    Yellow Compass F1 Veteran
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    Nov 23, 2015
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    The 355 Stick will become the Dino of our time . If you miss this bus your out of luck.
     
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  6. carnutdallas

    carnutdallas Formula 3
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    Nov 11, 2010
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    Rob

    That is what I have and it is pretty close to 6 figs and I don’t mean date’s. Valve guides, headers, capristo, clutch and tires all in last two and half years - tires and clutch within past 8 months. Pretty spectacular with no real needs. Just picked up an original unpainted top so it looks like it came from Ferrari. Love it!

    And this sale just helps it. I think they are going “north” in pricing sooner than later. Probably going to look for a GTS F1 or Berlinetta F1 to go in garage with mine. I have a spider option too, but it is another 6 speed car and I think I really want an F1 to share garage with. And to think I would sell [emoji854]

    Buyer if this car had the money. Was getting what he wanted and all the records, recent service and low miles. What is not to like. I can buy a “turd” all day long. But nice cars are hard to find. Cheers!


    Sent from my iPhone using Tapatalk
     
  7. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,230
    CT
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    John Kreskovsky
    The wording of the BAT add is deceptive. All the records are, from my previosu post
     
  8. thorn

    thorn F1 Rookie
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    Aug 7, 2012
    3,324
    Tallahassee, FL
    Factually true, but the actual point is how many other people - in a proper sample of the market - would have paid that much for that car.
     
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  9. Smiles

    Smiles F1 World Champ
    Lifetime Rossa Owner

    Nov 20, 2003
    16,674
    Pittsburgh, PA
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    Matt F
  10. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    #135 Ferrari Fanatic, Jan 31, 2019
    Last edited: Jan 31, 2019
    The Seller working alone or in collusion was sheer genius. Perfect storm and very well executed.

    $116,000 with BAT fees of $5k, plus tax and license is approximately $127,600 when the rubber hits the road.

    Pretty aggressive in most eyes.
     
  11. carnutdallas

    carnutdallas Formula 3
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    Nov 11, 2010
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    Oh it is aggressive for sure. The fee part really gets me. I hate fees, LOL. I think if we are current owners and love our cars, we support this price 1000%. If you are a buyer and do not get it, that nice cars are worth more now, than they were a year ago, you better start trying to buy now, before they go up again. (Damn that is a lot of commas)

    As for me, my next sell point is now $100k [emoji41].


    Sent from my iPhone using Tapatalk
     
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  12. Yellow Compass

    Yellow Compass F1 Veteran
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    Worth every penny Rob !!!!!
    I would never sell mine !!!
    Only after you buy a 355 do you come to realize the value and the thrill !!
    If a picture paints a 1000 words - then ya know what I mean :)
     
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  13. U-Boat Commander

    U-Boat Commander Formula 3
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    Jun 7, 2008
    1,304
    USA
    You just described my 355. :) But it's not for sale. :( And it's soon getting unobtainum OEM carbon sport seats in Daytona style. :cool:

    Image Unavailable, Please Login
     
  14. mclaudio

    mclaudio Formula 3

    Dec 13, 2003
    1,272
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    Claudio
    This thread reminds of when Dino 246s as well as 308s/328s we’re crossing their respective price chasms.
     
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  15. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    355's are fantastic cars and I agree that one day they may really go up in value. Right now, pristine cars, gated or F1 and fetching very good prices on the private market when collectors seek to purchase them. However, it's pristine cars that fetch the numbers, not fair to decent cars that are just being talked up - that doesn't make them worth more.
     
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  16. BOKE

    BOKE Beaks' Gun Rabbi
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    The day I picked up my brand new 1998 355 GTS F1 in Los Gatos I walked past two Dinos and a 512BB. I could have almost bought all three for what I paid for my 355.

    The best 355s out there are gaining traction in the market. Good cars will bring good money. Ask me how I know.
     
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  17. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    Exactly what my last post said. However, there are guys trying to ride that wave with cars that are decent at best.
     
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  18. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    I definitely hope so !

    After 16 years of 355 ownership.....I only need $30,000 more in appreciation to get back to my original acquisition cost / entry point. LOL.

    Paid 105k in 2002 for or my first 355 (1998 MY). I would have hoped for at least 3 % annual appreciation, as that would be the average Cost Of Living Adjustment
    ( inflation).

    All said and done I would never change a thing and have loved my 355 beyond belief.
     
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  19. BOKE

    BOKE Beaks' Gun Rabbi
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    #145 BOKE, Feb 1, 2019
    Last edited: Feb 1, 2019
    The cream rises to the top, Dave. Water seeks its own level.
     
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  20. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
    19,256
    I bought my 95 back in 2002 or 2003 as well. 12,000 miles red tan - the valves had been done and the exhaust manifolds too and I’m pretty sure I paid either 87 or 92k. I think the sticker was 125k.

    In 98 I bought my m3 new...sticker was 40k I think and today it has 72k miles and i think id get around 25 to 30k for it.


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  21. BOKE

    BOKE Beaks' Gun Rabbi
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    I had a 20-year ride starting in 1998 with a purchase of a new 355. I never hoped to break even, but my annual cost of ownership was pretty cheap IMHO.

    Long term ownership of one Ferrari isn't like buying a new MBZ AMG every two or three years. Discussing appreciation and depreciation takes all the fun out of fun cars. When I am enjoying one of my cars or other toys the last thing I am thinking about is money. When the car or toy breaks and needs to go to the shop is a different story.

    The best advice I can give is to enjoy your 355 and forget about what it costs.
     
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  22. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    I 1000% agree !

    Only issue is I spent 25 years in banking
    ( finished my career at JP Morgan Chase as an AVP managing a team of 20 in the SF Financial District). Add me being a Business Major and my Father being a Professor and a CPA. Well you get the picture

    Hey my wife and son have to put up with me everyday. LOL

    Again, 1000% agree with you.

    Carry on
     
  23. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    Yes, 1000% agree with this position as well. Hey the worst depreciation I experienced was on my 26 foot Crownline 262 CR Cabin Cruiser Boat.

    I knew upfront what I was getting into and the enjoyment both have given is beyond priceless.

    Boats, Planes ( never owned a plane ), Exotic Cars: have always been a “ Rich Man’s Sport”. With a lowered market value, it also lowered the barrier to entry, and opened the gateway to a larger section of folks to own an F Car.

    With the passion fans share and the love of the 355 I would venture to guess it would make Enzo and Dino proud.
     
  24. Culprit

    Culprit Formula Junior
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    Apr 4, 2011
    505
    Santa Ana, CA
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    Ian
    When pristine cars go up in value, the cars in good or fair condition get a bump as well. There's no real need to make the distinction.
     
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