F355 Spider F1 360 Coupe F1 | FerrariChat

F355 Spider F1 360 Coupe F1

Discussion in '348/355' started by eyboro, Oct 29, 2008.

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  1. eyboro

    eyboro Formula Junior
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    May 30, 2004
    989
    Chicago
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    Eitan
    #1 eyboro, Oct 29, 2008
    Last edited: Oct 30, 2008
    What do you answer if someone asks you "I have about $85,000 to spend and I want to buy a Ferrari, my choices are a 1999 360 coupe F1 with 10k miles or a 1999 f355 F1 spider with 16k miles". Both cars are 1 owner with all services done and up to date. The 360 is red black the F355 is red tan. They are for sale by a Ferrari dealer they are not on EBay. Now, we here in the 348/355 are biased so let’s be honest about it. I would say that for the long run the F355 will be a better investment but this guy is going to drive the car so I don’t think that the investment part is his objective here.
     
  2. niklas

    niklas Formula 3

    Apr 25, 2008
    1,535
    Chilliwack BC
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    N. Olafsson
    355. But, sorry, I am biased :D I can't help much
     
  3. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
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    Pap
    As much as I love the 355, for the same money I would get a 360. :D:D

    $85K for a 99 360 is awesome! We are still paying top dollar for our 360's here. :p:p
     
  4. 285ferrari

    285ferrari Two Time F1 World Champ
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    Sep 11, 2004
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    Shoot me for saying it, but I'd have to agree.. When I bought my car an equally maintaned 360 was $25K more...
     
  5. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
    Full Name:
    Pap

    When I was Ferrari shopping in 2004-2005, my 348 cost me $115K. :):)

    A 355 cost $60K more and a 360 cost $150K more!! :D:D
     
  6. 285ferrari

    285ferrari Two Time F1 World Champ
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    Sep 11, 2004
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    WOW!!!!! That is insane!!
     
  7. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
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    Pap
  8. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
    Full Name:
    Pap
    #8 PAP 348, Oct 30, 2008
    Last edited: Oct 30, 2008
    Did some quick maths....

    Average Mondial price is AU $74,328. US $49,673

    Average 308 price is AU $86,082. US $57,528

    Average 328 price is AU $106,916. US $71,452

    Average 348 price is AU $102,630. US $68,587

    Average 355 price is AU $179,315. US $119,836

    Average 360 price is AU $282,140. US $188,544

    Average 430 price is AU $424,739. US $283,853

    Average 550 price is AU $253,478. US $169,399

    Average 575 price is AU $307,222. US $205,317

    Average 599 price is AU $615,360. US $411,246

    Average 612 price is AU $541,072. US $361,599
     
  9. J. Salmon

    J. Salmon F1 Rookie
    Owner Rossa Subscribed

    Aug 27, 2005
    4,367
    VA
    Before everybody gets all 360 crazy, let me just say that I would take a well SORTED 355 over a low mileage 360. Just talked to a guy that had his 360 precats dissolve and get ingested back into the motor where they trashed a liner and other internal goodies. Required an engine-out rebuild. Listening in was a well known "insider" who will remain nameless who commented that he thought we were on the tip of the iceberg with 360s and issues.

    The 355 has issues, they are well known, they are fixable. Get one that is solid and drive it. Plus, I find it very hard to get the top off of the 360 coupe :)
     
  10. davehelms

    davehelms F1 Rookie

    Jan 3, 2004
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    Dave Helms
    Looks like I will be boxing up a couple of 77 GTB's and shipping them south!!!
     
  11. Oengus

    Oengus F1 World Champ
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  12. Monteman

    Monteman Formula 3
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    Feb 9, 2006
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    Given the Australian prices, it would make sense to get a couple of solid cars and ship them over to sell. Is there a difficult process involved or import tax? Has anyone ever done it?
     
  13. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    Jun 9, 2004
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    Nearly impossible LHD vs. RHD

    I would take a 355 over a 360, I actually had an option of getting a 360 for $8k more when I bought my F355.
     
  14. shahedc

    shahedc Formula 3

    Jun 4, 2007
    1,625
    Washington DC
    Did you just convert the AUD to the USD using the current exchange rate?

    Won't the prices be cheaper in the US if you list the US sale prices?

    Or are you getting identical prices either way?

     
  15. Keith Imbriglio

    Keith Imbriglio Karting

    Jun 16, 2008
    175
    Western MA USA
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    Keith Imbriglio
    I like the 355 better.
     
  16. gothspeed

    gothspeed F1 World Champ

    May 26, 2006
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    I seems pretty incredible that someone can own, insure/maintain a 360 for nine years, only put 10k miles on it then, sell it for half price :confused: .......... does not make any sense IMO :(!!

    ......... what he said ...... ;)
     
  17. UConn Husky

    UConn Husky F1 Rookie

    Nov 11, 2006
    4,425
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    Jay
    +1

    The '99 355 is well sorted, many known issues were fixed at the factory. On the other hand the '99 360 was brand new...I don't know all the particulars on 360's though, potentially more issues with the first year production?

    The 355 is gorgeous and much less common - consider the huge volume of 360's produced and all the follow on 430's look pretty much the same. That's a whole lotta jelly beans driving around :D

    IMHO the scale tips slightly to the 355 given the same price - going forward they will likely appreciate in value sooner than the 360's, although don't hold your breath waiting for when that happens.
     
  18. James-NZ

    James-NZ F1 Veteran

    Jun 26, 2007
    5,822
    Hamilton, NewZealand
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    James
    When I brought my first 355 there was a 360 available for exactly the same money, I choose the 355 as it was always a dream of mine and the 360 has a number of things i dislike. The style is something I struggle to warm up to. The interior is too big, I like my cars small and tight, the 355 is a great compromise between style and space, there is just enough room to be comfortable without loosing its small nimble feeling, a 360 feels like an open area, maybe there are safety reasons at play and also accommodating our larger brothers.

    In the end it should be an easy decision, they are two fairly different cars, the 360 is more of a daily driver and the 355 is more exotic and a weekend warrior. If the buyer has no preference on the styling then a drive of both will make it clear on which they prefer. :)
     
  19. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
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    Pap
    Send em on down mate! :p:p

    Can be done, but US cars will need to be coverted to RHD. Can be done. There was a recent red/black 355 GTS US import for sale here. I didnt see it in person, but apparently the conversion was average an Aussie Fchatter told me. I saw pics and it looked ok in pics. Car sold for around the AU $120K IIRC! CHEAPEST 355 I have ever seen for sale. We still have to pay Luxury Car Tax on import cars over AU $50K, then Gross Sales Tax on the whole amount followed by import tax. Tax really hits ya here. :(:(

    Can be done, but yeah. :D:D

    Yeah, they are Aussie cars for sale in Aussie dollars. I just converted it to US dollars so you boys can see what we are paying for them in your money. :):)
     
  20. shahedc

    shahedc Formula 3

    Jun 4, 2007
    1,625
    Washington DC
    ok, that's what I thought... do you agree that the US price in USD is actually cheaper here?
     
  21. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,232
    Mount Isa, Australia
    Full Name:
    Pap
    I dont understand your question sorry mate. :):)
     

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