Considering not buying a 355... | FerrariChat

Considering not buying a 355...

Discussion in '348/355' started by AndersJL, Dec 2, 2009.

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  1. AndersJL

    AndersJL Formula Junior

    Apr 16, 2001
    376
    Sweden
    Full Name:
    AL
    Having searched the archives and spent hours, if not days, reading as well as speaking with dealers, owners, technicians and so on, I have come to a point where I have to make
    up my mind: 355 or not...
    Can you owners share your experience on the ACTUAL running cost? Is it as bad as I may fear? Does the engine really have to come out every 3rd year? Or are there owners who have had their 355 for years and years, still doing the major with engine in place etc ?
     
  2. plugzit

    plugzit F1 Veteran
    Silver Subscribed

    Dec 1, 2004
    7,793
    Redondo Beach, CA
    Full Name:
    Bruce Bogart
    Anders-
    If you're agonizing that much, you probably shouldn't buy one. Every little problem will reinforce your negative feelings. It's got to be a passionate desire to own and drive one that transcends practical considerations. Good luck!
     
  3. flyguyskt

    flyguyskt Formula Junior

    Sep 22, 2009
    443
    South Dakota
    Full Name:
    sean
    buy a 360
     
  4. sambomydog

    sambomydog Guest

    May 23, 2009
    1,380
    Yes i agree with both.
     
  5. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,815
    Lake Villa IL

    Ha ha, well said. A practical decision for me would be 993tt, but I agree that cars like this have nothing to do with practical anyway so 355 it is :)
     
  6. AndersJL

    AndersJL Formula Junior

    Apr 16, 2001
    376
    Sweden
    Full Name:
    AL
    I am passionat, but I am not sure how much that price tag is worth...
    And I am not interested in a 360...
    Just trying to better understand if there are ways arround the "official" recommendations.
    I have also spoken to cam belt manufacturers, and you should note that some car manufacturers spoecify cam belt change every 10-15 years, at engines developing higher hp/cc...!?! I do get a certain feeling of it is a way for the official work shops to have the clients more or less forced to go there and empty their savings every 3rd year.
    If things in real life now shows to be different, then I would like to hear that.
     
  7. Mitch Alsup

    Mitch Alsup F1 Veteran

    Nov 4, 2003
    9,742
    My F355B has been more reliable and less expensive than my C4 Corvette GransSport.
    It was essentially no more expensive than a regular automobile until I started taking it to race tracks and doing lap sessions--but I digress.

    No, more like every 5 years, and/or just before you attempt to sell it.

    There are enough things inside the engine (and the bay) that are SO MUCH more accessible with the engine out of the car, that in my opinion, you cannot do a proper major service with the engine in the bay. You can change the belts and plugs. But accessing the cams to change the seals, setting the cam timing, setting the belt tension, looking for hoses that are at the end of their life times, checking the radiators for early signs of leaks, just can't be done properly with the engine in the bay. You should also check all of the rubber boots, inside and outside and the transmisison shift boot, the exhaust system, the Cats. Look around for frayed wiring, clean up any rust, make sure the grounds are clean completely servicible.

    The key word above is 'properly'

    What you are tryinig to do is make the engine bulletproof for another 3-5 years, not just switch the belts. It will negatively impact your love affair in a big way, if you are driving home to the parents house and a little water hose inside the top of the engine blows and takes 5 hours of labor (at $100/hr) to get at a $0.50 part.

    Also note, these cars ar between 15 and 11 years old at this point, so all rubber, hoses, and plastic inside the bay should be suspect until observed to be servicible.

    In addition, during a major, you should clean (steam or pressure wash) the engine bay, redo the valve covers in crinkle finish, check the headers and the rest of the exhaust, clean the outsides of the engine, transmission, suspensioin arms, access the ABS timing mechanism and clean any brake dust from these areas, check the exhaust shields for deterioration; and renew anything that is not going to survive another 5 years. In short, return the engine bay to where it was when it left the factory. These are not gonna 'appen with the engine in the bay for a belt swap.
     
  8. AndersJL

    AndersJL Formula Junior

    Apr 16, 2001
    376
    Sweden
    Full Name:
    AL
    Many tanks ! That´s the kind of answer I was looking for. Very well written. Cheers, Anders
     
  9. ferraridriver

    ferraridriver F1 Rookie

    Aug 8, 2002
    4,152
    Bay Area Calif.
    Full Name:
    Dave
    Having owned mine since new (99) I echo Mitch's findings.

    It's really not as bad as some make it out to be.

    Plus its one of the best looking, best sounding, and most fun to drive cars out there.
     
  10. James-NZ

    James-NZ F1 Veteran

    Jun 26, 2007
    5,822
    Hamilton, NewZealand
    Full Name:
    James
    Research any car on an Internet forum and you will more often than not come up with a huge list of potential issues, that's the way it works, people come to these forums for help with a problem and that transcends into a huge amount of threads on issues and very few report the many positive experiences. Also tied in with this you have a lot of speculation regarding potential issues, people read that valve guides fail in these cars and repeat that over and over....often with no personal experence whatsoever.
    The other side to that is, here we have a large group of very knowledgeable people including true Ferrari experts who distribute there knowledge and work to improve the fleet of cars around the world. There is huge value in that.

    I love my car and I have had a great ownership experence so far.
     
  11. saw1998

    saw1998 F1 Veteran

    Jun 8, 2008
    8,237
    San Antonio, Texas
    Full Name:
    Scott

    Mitch:

    I haven't heard this one before. Could you elaborate?

    Thanks,

    Scott
     
  12. J. Salmon

    J. Salmon F1 Rookie
    Owner Rossa Subscribed

    Aug 27, 2005
    4,367
    VA
    #12 J. Salmon, Dec 2, 2009
    Last edited: Dec 2, 2009
    I love this. I am going to go out on a limb and guess that you cannot actually add ownership experience to the discussion?

    My favorite rationalization is that of spending significantly more on a car in the hopes of spending less in maintenance. Let's see, I can spend 25 thousand more on a 360 in hopes of saving that over time? Good luck with that.

    I love my 355, worth the money to own for certain. It has to be the best bargain in a true exotic car (no 911 is exotic).
     
  13. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    James perfectly said
     
  14. tendeu

    tendeu Karting

    Dec 1, 2009
    66
    #14 tendeu, Dec 2, 2009
    Last edited: Dec 2, 2009
    Ideally you bring an authorized Ferrari, and always make an annual review within 5 years or 50k km take the engine for maintenance. As I live in a country whose parts are a theft charge in which an F1 Complete Power Unit $ 50,000.00 (50 thousand dollars) and a flywheel $ 15K (15 thousand dollars) because of the taxes here, and yet have the courage to have a 355, I do not see any problem you venture in your country with this beautiful machine.
     
  15. Mitch Alsup

    Mitch Alsup F1 Veteran

    Nov 4, 2003
    9,742
    Parts 10 and 32 on
    http://www.ricambiamerica.com/parts_catalogs.php?M=FE&P=&V=diag&I=1382

    The compartments these sensors sit within can get clogged up with brake dust and this interferes with the sensors ability to read the speed of that wheel. This happens expecially when you track the car a lot. Just open up the compartment and brush and blow the crud out. Does not have to be surgically clean.
     
  16. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,789
    Ontario, Canada
    Full Name:
    Mike
    Very well put.
     
  17. wingfeather

    wingfeather F1 Rookie

    Feb 1, 2007
    3,653
    rock bottom
    Don't think of it as a chore. Every 5 years you get to admire the drivetrain & make it look showroom again. I actually used to enjoy getting under my Ferrari in the garage & polishing up the underside of the engine compartment. A big part of the magic of these cars is what's under the hood. I would buy an F1 engine to display in my living room if I could! Actually I think I enjoy staring at engines more than porn these days...
     
  18. dlynes

    dlynes Formula 3

    Oct 16, 2004
    2,450
    Augusta, Ga
    Full Name:
    Dave
    Suggestions and recommendations..the rest is up to you..do service now, take risk or be "smart" or "safe"
     
  19. dlynes

    dlynes Formula 3

    Oct 16, 2004
    2,450
    Augusta, Ga
    Full Name:
    Dave
    Being the first and only owner, that is pretty incredible!
     
  20. dlynes

    dlynes Formula 3

    Oct 16, 2004
    2,450
    Augusta, Ga
    Full Name:
    Dave
    + 1
     
  21. troy_wood

    troy_wood Formula 3

    Apr 28, 2007
    1,457
    Nova Scotia, Canada
    Full Name:
    Troy Wood
    Wow. That is so well said...
     
  22. butcher

    butcher Formula 3

    Oct 19, 2008
    2,339
    Castro Valley, CA
    Full Name:
    Albert
    + 100

    The 355 is all passion and emotion. Test drive one and you will be hooked, my friend. You will really "love" this car when it treats you well. This trumps all of the heartache of the car if you have the money to support it and take care of it.
     
  23. BLAMPEE

    BLAMPEE Man Card Status: Never Issued

    Look, there was a post a couple months ago from, I believe one of our Vegas brothers on his first two years of ownership.

    I am on my second year of ownership like him and my costs thus far have eerily mirrored his.

    First year was approximately $20,000 to make the car right.

    I'm in my 4th month of my second year with ZERO out-of-pocket costs.

    I will post a 2-year review in July 2010.

    There are parts on the 355 that WILL need to be replaced. If those are replaced, it seems that most of the 355s on this site tend to be reliable. I do know that the 3 CELs I got my first year that cost over $2k in shop time to diagnose and "temporarily" repair were all related to my cats, headers, and O2 sensors. Guess who hasn't seen those pesky P1430 and P1190 CEL codes since...? ;)

    Buy the car. Drive the car. Drive the car. And, oh yeah, DRIVE THE CAR! :D
     
  24. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,789
    Ontario, Canada
    Full Name:
    Mike
    Yes, yes, yes....and YES! :)
     

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