Pre-buy research and thoughts | FerrariChat

Pre-buy research and thoughts

Discussion in 'Ferrari Discussion (not model specific)' started by A12pilot, Jan 12, 2024.

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  1. A12pilot

    A12pilot Formula Junior
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    Been preparing for the next venture down the Ferrari ownership road since I’ve had to postpone buying something the last few years. I’ve got my model selection down to the 348, 355 or 360 with a preference on a 355. All gated with respect to the latter two. And of course, Rosso over Tan being my go-to color.

    I’ve been doing some searching the last few months and it seems as though prices have come down a tad with some examples hovering below the six-figure mark for a gated example which is nice, but concerning. The ones I see for sale by dealers do a great job with many paragraphs explaining the history of Ferrari, the model specifics, but zero in regards to the actual car for sale. Which I take to mean they know nothing and therefore, have nothing to say.

    The threads on buyer guides and what to look for have been very helpful. A couple questions for you all that have gone down the road a few times on buying.

    Have you ever run into a seller not willing to let you drive the car you are about to buy? I had one guy take me for a nice ride but he wouldn’t let me drive his 355. I’ve owned a 328GTS, several Porsches, a Viper, and raced for years. Pretty sure a 355 isn’t exactly above my pay grade in performance. The car was a great example but I turned it away due to the seller. Any experience with this?

    How much negotiating power do you think there is with the car needing a belt service? I consider this cost as much as I consider things like tires (that seem to always need replacing) when I start to negotiate.

    How much are PPIs lately? I haven’t priced one in a while since I had one done on my Viper GTS.

    Looking forward to searching and getting back into the club!

    Cheers
    Dave
     
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  2. Il Tifoso

    Il Tifoso Formula 3
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    On the test drives, I think it’s all about having them qualify you as a potential buyer, and hence, how you present yourself. Let them know (and mean it) that you are indeed a qualified buyer, ready to purchase if the car checks your boxes. I don’t think anyone wants to have Joe Tirekicker take their precious Ferrari out for a joy drive.

    The same holds true if dealing with private sellers or dealers alike. After all, it’s their car, so it’s their call whether they feel comfortable with you driving or not. If the car is right, checks out, and you’ve at least been taken as a passenger on a test drive, I wouldn’t let a test drive stop me.

    Best of luck with your search!
     
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  3. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    GFL. Buying a Ferrari is not a rational experience.
     
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  4. ginoBBi512

    ginoBBi512 F1 Rookie
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    My thoughts are , I love the looks of the 355, almost as much as the 328. I also believe the 348 is the last Ferrari to have the same great interior that the 328 has, as well as the reliability, its not quite as good looking as the 355, but better than the 360. A lot of 355 owners have corrected the Factory problems it came with , so if you find one thats sorted correctly, that would be a good choice. I have heard both the 355 and the 348 with aftermarket exhausts and they both sound great, but the 355 sounds better. I do like the glass engine cover on the 360 , Im just not impressed with the overall design. The 348s interior will not come unglued, this issue for me is one thats just plain disgusting. My 328 has 105,000 miles and the interior looks fantastic. I hope you find a gem with whatever you end up buying !!

    Big G
     
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  5. A12pilot

    A12pilot Formula Junior
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    Thanks, guys. Yeah, I understand rational and Ferrari aren’t synonyms. We’ll see what I find. There’s plenty out there, but lots of pigs in lipstick.

    cheers
    Dave
     
  6. Shorn355

    Shorn355 F1 Veteran
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    "Pigs in lipstick" that deserves to be on a t-shirt :cool:

    FWIW I've owned a 95 355 GTS since 2010 and it's been amazing- BUT I spent a lot of time and patience obtaining it- and passed on several "pigs in lipstick"- I knew it was meticulously maintained by previous owner and have kept up or exceeded that- 355s are expensive to maintain but the ownership experience is worth it IMHO

    To echo @ginoBBi512 a 328 is an excellent combination of classic looks, performance, true driving enjoyment, reliability and significantly lower maintenance costs- it is one of my "to own someday" cars:cool:
     
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  7. A12pilot

    A12pilot Formula Junior
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    I've already owned an 86 328GTS, so I'd like something newer this time. Love the 348 since the look reminds me of the Testarossa yet in convertible form, but think I'm leaning on the 355 this time.

    The pigs in lipstick is typical auction house verbiage, that's for sure. Dress it up, make it look nice for a day, then.... Best of luck new owner!!:p

    Cheers
    Dave
     
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  8. furmano

    furmano Three Time F1 World Champ

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    Test drives are not as common as some people think. I don't think dealers offer test drives often, at least not on older, used vehicles. Private individuals probably don't as well.

    And anyway, service history is more important than a test drive. Especially so with the 355 and perhaps the 360 too. The best thing you can do is educate yourself on all the issues that are related to each model, become a subject matter expert on the model you're targeting.

    As you know, the issues related to the 355 are a thing and if none of them have been addressed on the car you're looking at, expect to pony up, idk $10,000-$15,000 to make it right.

    Personally I'd pick a 355 over a 348 and perhaps a 360 over a 355, though a well sorted gated 355 is a pretty cool car.
     
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  9. Nospinzone

    Nospinzone F1 Veteran

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    I agree with knowing the service history more than taking a test drive. Other than you couldn't experience the clutch engagement, the seller who took you for a ride pretty much allowed you to experience the car's road manners. If I sold either of my Ferraris, other than a buyer I knew personally, I wouldn't let anyone drive them. I'll give them a ride.
     
  10. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
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    Yes, often run into non-test drive sellers.....but I go by no drive, no buy

    I don't think you get much "credit" for belt services because everyone has a different opinion on duration between services. My most recent PPI was $1,000 4 years ago. But that means I'm telling the guy what I want done and how I want the information presented back to me. I wouldn't trust a $400 PPI.

    You try to negotiate over tires? Really? If I'm a seller and a guy walks up with a long list of deducts over minor items, he will be shown the door quickly.
     
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  11. A12pilot

    A12pilot Formula Junior
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    Yes, really. Do you negotiate over upholstery, required service, etc? So you only pick major things to negotiate over. All the small things that add up to more then a major belt service should be forgotten in your mind?

    Tires are a big deal to me and a cost that's not cheap. Have you ever had a blow out at speed? You know how may cars being sold that have tires that are rock solid and the owner hasn't given two thoughts to the condition of since the tread "looks new"? Which that usually can mean other things have been forgotten about abs I take it all into consideration.

    I get the test drive thing though. Understandable that some mightnot want to let potential buyers drive it due to some just not being sincere about ownership. But personally, I wouldn't ask to drive it if I wasn't ready to put the money up for the purchase. Adding up all the other things would either make me want to pursue and drive or just look elsewhere.

    Thanks for the thoughts guys!

    Cheers
    Dave
     
  12. furmano

    furmano Three Time F1 World Champ

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    If your stance is no drive, no buy, well, good luck with that.

    Driving the car is secondary to the service records anyway. If the car had the belt service done by a reputable shop, and there are records of the work, the duration is known. Not sure why this is so complicated. Same thing with a clutch. If I was a seller and you wanted a test drive I'd tell you to move on to the next guy. Especially for a rare model like a cherry manual 355 or 360.

    Sorry but, negotiating over tires is also unworkable. Just assume every Ferrari needs new tires because of age or wear. It's just the way it is. I'm sorry but, negotiating over tires is kind of dumb.

    Guys, these aren't dime a dozen cars. If you find a nice example, and they have service records that you can verify, buy the damn car. Otherwise you're gonna be searching forever.
     
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  13. Shark01

    Shark01 F1 Veteran

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    I negotiate on major items on a 25 year old car....it would be expected for a car of that vintage to need tires and upholstery work, an oil change. All the small things you mention are likely to be on all 25 year old cars unless they are bubble cars with no miles....but I don't shop in those markets.
     
  14. Shark01

    Shark01 F1 Veteran

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    Even if a car has service records, it is no reflection on how a car drives RIGHT NOW. Hence no drive = no buy. I would feel the same way about a CGT. If I'm willing to put skin in the game by putting money into a PPI, if it passes, I expect a test drive to finalize everything. If a seller needs to see bank balances, fine.

    And these are hardly rare cars....there are plenty around.
     
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  15. Nospinzone

    Nospinzone F1 Veteran

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    Of all the things I've considered when buying a Ferrari, tires weren't even on the list.
     
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  16. anunakki

    anunakki Seven Time F1 World Champ
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    Ive owned both 355 and 360 and its a toss up for me. 355 is smaller and has a more go kart experience. 360 is bigger and feels more sturdy and comfortable.

    Both make amazing sounds but Id give it to the 355, barely.

    360 is, imo, more reliable and easier to service.
     
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  17. furmano

    furmano Three Time F1 World Champ

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    The things that determine how a car drive are the mechanicals, specially the steering, suspension, brakes, tires and things like that. If those things are all original it will drive a certain way, if they are all brand new the car will essentially drive like it did when it left the factory, assuming they were installed properly. If the buyer wants an idea of how a 355 drives he should find a friend who will give him a ride. That’s about all a buyer can hope for. This applies to a 355 as it does with a CGT. Do you know of any seller of a CGT that offers a test drive?

    And yes, these cars are rare, good ones in the color spec the buyer is likely looking for. Have you looked for a solid 360? Most of them are not great, a so-so spec, modified, aftermarket wheels, worn interiors, no records, etc. If you know of a bunch of 360’s for sale post them up so the OP can shop for them. I bet most of the sellers don’t allow for a test drive.
     
  18. rob

    rob F1 Rookie

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    When I was looking I brought proof that I had the funds to buy the car I was looking at and only got turned down for a test drive once. I’m not buying a car without driving it first.
     
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  19. Shark01

    Shark01 F1 Veteran

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    A 25 year old car will NEVER drive essentially like it did when new no matter what is done, unless one has low expectations I guess. For example, what about the chassis? That almost never gets replaced, do you think 25 year old metal acts the same way under load as brand new metal?

    They are mechanical pieces of equipment, just like those I have been working with for the last 34 years (Mechanical Engineer specializing in rotating equipment).


    And yes, I'm confident a seller vetted buyer can get a test drive in a CGT. Although that will never be me. But anyone telling new buyers to forget about a test drive of a common exotic is doing them a dis-service.
     
  20. Shark01

    Shark01 F1 Veteran

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    Bravo, and 100% correct
     
  21. furmano

    furmano Three Time F1 World Champ

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    Cool. If the OP finds a car that matches his expectations and he's able to qualify himself and the seller agrees to a test drive, bully for him. If the OP finds a great car but the seller refuses to allow for a test drive and the OP walks, too bad.

    As far as the metallurgical changes that occur over time, what changes occur that affect the feel of the chassis? I'm not talking about rust, I'm talking about creep, or whatever changes you're referring to. And if that change is natural, don't all chassis from that era have the same change?
     
  22. Shorn355

    Shorn355 F1 Veteran
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    Same here- if my 360 had been manual I would still own it along with 355- but it was F1 and drove me crazy :eek:
     
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  23. furmano

    furmano Three Time F1 World Champ

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    You sold your 360? Did you sell it to a private buyer? Did that buyer have a test drive or PPI?
     
  24. Shorn355

    Shorn355 F1 Veteran
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    I traded it back to Ferrari of Denver for a manual Porsche C4S they had in on trade

    I will chime in that most of the exotic/sports cars I've bought I did do a test drive- With exception of my 355- But I buy most of my cars from dealerships i have relationships with- exception was my 2008 Bullitt Mustang which I bought from private owner and he was upfront that would be no test drives.
     
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  25. furmano

    furmano Three Time F1 World Champ

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    That seems to be the key, establishing a relationship with the dealer, showing financial ability to purchase the car, perhaps putting down a deposit. Harder to do with a private individual but hey, if a private seller is willing to allow a test drive, have at it.

    When you purchased your cars from the dealer, was a PPI part of the process?
     

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