Prior Rental Car: How much is it worth | FerrariChat
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Prior Rental Car: How much is it worth

Discussion in '360/430' started by stitch, Mar 29, 2008.

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  1. stitch

    stitch Formula Junior

    Mar 6, 2008
    496
    So Cal
    Full Name:
    Charles
    #1 stitch, Mar 29, 2008
    2005 Red/Tan 15K F1 fully serviced, drives tight. I know many of you would say you would NEVER buy one, but I think you would, if it were $1. So my question is, how much discount would you give it - what would you pay for this, knowing it was a prior rental (one of those clubs where you can drive a different exotic for a membership fee)? What would you pay? All opinions welcome.
     
  2. marcmc8867

    marcmc8867 Formula 3

    Jul 27, 2004
    1,027
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    Marc M.
    #2 marcmc8867, Mar 29, 2008

    360 or 430? There are '05 models of each.

    Spider or Coupe?
     
  3. The Ape

    The Ape Formula 3

    Feb 28, 2007
    1,793
    Los Angeles
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    Ape
    #3 The Ape, Mar 29, 2008
    2005, must be a 430
     
  4. marcmc8867

    marcmc8867 Formula 3

    Jul 27, 2004
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    Marc M.
    #4 marcmc8867, Mar 29, 2008
    Unless a Spider, no?
     
  5. tstafford

    tstafford Formula Junior

    Mar 4, 2006
    754
    Nashville
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    Tim
    #5 tstafford, Mar 30, 2008
    Correct - there are MY'05 360s.

    I'm interested to see how people respond to the original post. I'm sure I'm going to take a bunch of heat for this one, but given a reasonable discount (maybe 10% below others) no paint work, and a solid PPI, I'd probably buy the car. While I understand that people certainly could have driven it hard, that sort of what it's meant for. I wouldn't be surprised if it needed a clutch, but that's easy enough. I'm sure that the owners of the club check the car out after each rental, do all the right maintenance, etc. Frankly, it seems just as likely to buy a used Ferrari on the open market that was driven very hard all the time by the prior owner. I'm sure many of the guys who belong to clubs like this don't drive the cars hard at all.

    Might be a deal to be had on this. IMHO
     
  6. racerdj

    racerdj F1 Veteran
    Owner

    Jan 19, 2003
    6,952
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    DJS
    #6 racerdj, Mar 30, 2008
    I would personally stay clear of any Ferrari rental car.
     
  7. Derek Trotter

    Derek Trotter Formula 3
    BANNED

    Jul 28, 2007
    1,790
    Cambridge, UK
    #7 Derek Trotter, Mar 30, 2008
    Defo, I wouldn't entertain one, there are plenty of others out there.
     
  8. Joe360

    Joe360 Formula Junior

    Mar 30, 2007
    510
    Germany&Switzerland
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    Joe
    #8 Joe360, Mar 30, 2008
    I'd consider getting one for a discount of 20%. Resale will be tough I reckon.
     
  9. marcmc8867

    marcmc8867 Formula 3

    Jul 27, 2004
    1,027
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    Marc M.
    #9 marcmc8867, Mar 30, 2008
    Well regardless of which model it is, I wouldn't dock it any more than 10% provided that the PPI is solid and the clutch isn't due soon.

    With renters, some will be abusive and some will be intimidated. I'm sure some 1-owner cars out there may've had rougher lives but a rental car is likely to have been treated a bit different.

    But remember, these cars are solid. They won't crumble in pieces for revving it to redline.
    That said, you should get a thorough PPI. If it's good and the deal is good, buy and enjoy.
     
  10. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    #10 Simon^2, Mar 30, 2008
    +1 on both points. Only buy it if you plan on driving it 'til it's dead and then parting it out.
     
  11. stitch

    stitch Formula Junior

    Mar 6, 2008
    496
    So Cal
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    Charles
    #11 stitch, Mar 30, 2008
    Thanks for the quick responses. 430 Coupe. Needs a new clutch. Spoke with the mechanic and he said it's in good condition - been serviced regularly. Not really sure how much dollar value to put on it. $170? $180?
     
  12. achilles99

    achilles99 Karting

    Sep 26, 2004
    239
    Atlanta
    Full Name:
    LT
    #12 achilles99, Mar 30, 2008
    +1. My buddy has a previous F-car rental. He has less problems with his car than anyone else I know. Perhaps it's because the car was driven harder than he ever does, and any problems while it was a rental was always done in a timely matter?
     
  13. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
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    Jim
    #13 carcommander, Mar 31, 2008
    For another 10 or 20 grand you can buy a low miles no stories car. Why buy a car with stories?
     

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