Guys, we've hijacked a very useful 348/355 **FOR SALE** thread. How about we start a new thread and continue the discussion there. Let's call it "355 current market 2010" or something. We need to keep the "348/355 For Sale" thread useful... bombarding it with this other stuff kills it. I prefer not to start the thread because I really don't wish to engage further
I thought the 1999 Fiorano Spiders were the most sought after rare 355's. Last 100 cars made or something. Only a few a year are for sale. That's rare in my book. I don't know if it should be moved or not. I'm subsribed waiting for the right car to be listed. My mood will tell me what to pay but NO ONE can disagree that looking and paying attention to the current SALES not listed market price is important.... ...........Not that I think Ebay has all the correct cars Ebay has 12 Spiders with a buy it now average of $65k.....Spiders Ebay has 3 Coupes listed with a average of $60k.....this is skewed with one at $80k Autotrader has 60 Spiders for sale average asking $65k lowest $48k $84k highest. So I would look at averages. I would also make sure the car was sorted as EVERY seller above has stated. If the problems with these cars haven't been resolved that will play into the price point. A car with all maintenance and all $10-15k of issues resolved will be worth more without question to me. I like debates on pricing. Sellers don't and buyers do. The good thing about the 355's is their debate is much more tame than the CS threads Reality is the better newer Ferrari's have crept into this market. Good for buyers not good for sellers. Supply and demand wins always and when people want to sell they will adjust pricing to reflect it. You can't price as I stated above a $110k 360 Coupe for Sale and expect 1 phone call in this market. You might as well not even post. 355's are a little different breed because of the HUGE $ invested by owners because of poor engineering imho on Ferrari's part. $10k services played into these cars years ago. You can't justify a $10k service on a $50k car anymore and that will limit buyers very quickly. Soon all 355's will be sorted properly I will assume but you still have the 3 year services that will never go away.
Well since most of this started from when I posted I'll start a new one when I get home from work. You are 100% correct!!! I didn't even count that one since they're rarely for sale. LOL..
We're starting a new thread so we don't bog up the sales thread. Most of this debate started at post 513 http://www.ferrarichat.com/forum/showthread.php?t=131671&page=26 Please join in if you like or sit back grab a drink and get the popcorn..
Continuing on....many people are bring up the fact that the 360 is an inherently all-around better car thatn the 355, thus displacing 355 values down the price continuum. However close in price the 355 and 360 may be...begs the argument of the 348 versus the 355. Why do people buy a 348 when the 355 is a better car even though the price difference between the two isn't that great. I think that people will still want the 355 (and the 348, for that matter)...especially if they actually drive one compared to a higher priced 360. The sound is just mesmerizing!!!
I would agree with that. Most will say that the 360 is an all around better car, and it well should be as it is a newer model. That would have played into my decision if I was trying to make a rational one, but I bought a 355 simply because that's what I wanted. The looks, sound, removable top, etc was more important to me than owning the newer model because of other improvements.
I know of a yellow F355 bought locally for $38,000, $20,000 in repairs to date it is still garbage, there a very few things more expensive than a cheap Ferrari.
I know of a F355 bought locally for high $30,000s, $20,000 in repairs to date it is still garbage, there a very few things more expensive than a cheap Ferrari.
+1 This is exatly why when I can move up to a newer Ferrari I will. As much as I drive my 355 about 7k - 8k miles yr. the maintenance will over take the value of my car. I hate the fact that in a few years I will need to spend another 7k - 9k for a major service on a car that might only be 40k then..
I've been asking $49,000 for mine. $25,000 in service records and she runs perfectly. In no way would the buyer be stuck with high repair bills with mine. Haven't had any real offer over $41,000. Interior is perfect and so is the paint. No reason why I shouldn't get my asking price. Well maybe one reason, the market and the fact that more people are turning their heads towards the 360's now that they are selling for what 355's sold for just 18 months ago. Maybe we now posses an unsellable car for the price we think we should get. I know I'm starting to feel that way. The way I looked at it when I bought the car was the fact that these things cost $150,000 to $200,000 new and I got to own my dream car in the $50k's It has such modern styling that everybody I talk to thinks its brand new or at least late model. Buyers don't seem to share that same attitude for some reason. Image Unavailable, Please Login
Honestly, the $25,000 in service records doesn't help. It hurts to some degree. When you are about to spend 50 grand for a car and see that someone spent 25 grand to keep it running when it was YOUNGER, a lot of people get pretty skitterish. Your car is certainly well cared for. But, for a "newbee", it's a pretty shocking thing to be faced with. Good luck with your sale! It looks like a terrific machine and I'm sure better than most others on the market.
I also agree that the 360 been so close in price doesn't help the 355 quotation. The 355 is a better looking car but the 360 has a much newer feeling, easier to get in and out because of the smaller driver door kick and undoubtedly cool is the glass see thru with engine view ... last but no least .... better performance, timing valves, more horses. Finally, no need to drop the engine for the major service. That will be my next Ferrari, hopefully !
I bought my 17k mile 95 355 3 years ago assuming it would someday need guides, headers and a major. I paid a fair price, not really a great deal, but it was what I wanted, what I could afford, and was close to home. As a shop owner/operator I do all my own maintenance so I was able to roll the dice a bit. Since I purchased it I have replaced the guides, performed a major service, rebuilt the headers, replaced the motor mounts, painted the wheels, bought new tires, painted all the undertrays, cornerbalanced and aligned the suspension, tubi, test pipes, buff and wax, challenge grill, and that's only as of today. I'm sure that someday it will need a clutch, those shock actuators will break and who knows what will go wrong with it. But I still love the car and plan on driving it and keeping it for a long time. It cost me a lot of money, and even more time, but I forget about that when I hear that high pitched scream at redline. The fact is, everyone wants to own a fast sporty car but not many owners want to spend the money it takes to maintain it. Every car (Ferrari and Porsche that is) that I have purchased I have had to MAKE into what I call a properly sorted car. Even though the previous owners had maintenance records or what ever to show me how "perfect" it was there was always something that was either not working or neglected. When the previous owner bought my 355, the dealer told him a leakdown test was a waste of time because the car ran so good. Ha. So if you want (and can find) a good, properly sorted and maintained 355 It is worth paying the premium. I've got a feeling that the guys who have them or spent the money bringing them up to that level won't be giving them away. I know I won't.
while i agree that a lot won't give them away do you think Cardigon above is giving his away? He's spent a chunk of change and is selling it for under 50k with NO one looking at it. so do we assume if you feel 50k is giving it away you will never ever sell your car? obviously the market will be lower next year then now. So you have 90k in it(just a guess). It's a car that depreciates, all but a few do. some of the early Scud owners paid 100k over msrp and they now have lost maybe 150k in 1 year or so. are they giving them away or understanding a market fluctuation and living with it? my 2 cents Cardigon is priced to sell. Anyone much higher is priced to sit.
The value of the car is driven by what buyers will pay and also what is for sale sitting next to it. There are too many choices out there and right now 60k to 100k will get you a hell of a car no mater what emblem is on the hood. I guess it comes down to what you want to see in your garage and how hard of a hit you want to take when selling. The good news is that moving up will not cost as much either. I'm in my 355 for the long haul and don't plan on selling it. Maybe 355 owners that have spent a bunch of money keeping their car well sorted will just hold on to them and enjoy the car rather than selling them for whatever the market will pay and starting the bleeding all over again with the next Ferrari or whatever.
This is an excellent write-up, and anybody who is a first-timer in the market for a 355 should read this.
Lots of discussion about paying a premium, but little talk about what that premium is. I mean, I figure if I'm looking for one, I'm willing to pay a premium of about 50% of the value of any substantive recent major service or repair of any issue that's proven to be notorious on these cars, such as the header issue. So if the average car, without these things done, is worth say, $55K, and I find a car that the owner's recently dropped $12K on fixing issues, that car's worth $61K to me. So by my logic, at $70K+, the OP would have to show me at least $30K in recent receipts to justify the $15K premium. Expecting to get 100% back on a repair or modification investment upon selling a car, Ferrari or any other car, is totally alien in the car world. It just doesn't happen. For the record, I'm speaking from the buyer's point of view as I'm still in the market for the right car.
I agree with this statement. Using this argument my $55k 355 with the $21k in receipts from the past 12 months is worth the $63k I'm asking for mine.
Your car is beautiful and on the surface appears to be priced right. Love the color combination. Unfortunately I'm stuck on getting a berlinetta. Good luck with your sale!
well, prepare to drive or let it be a paper weight in your garage. you are dreaming if in todays market you can get that price as it has been said a few time. With 360s selling so low now plus 355 can be maintainence nightmare, it is killing the market . Now we see Ferraris are just cars also not trophies or investments . Drive It , Enjoy It then move on.
i agree if he doesn't want to move the price lower he won't sell it. I've always believed every car in the world is just a car some more sought after than others. 50k for a 355 or more they still have a wow factor over a lot of 50k cars these days. On top of that lots won't consider them because "it's a ferrari" and it's got to be expensive. They won't know the true reason for a 355 being expensive they will just learn the hard way after buying. They will think it's expensive first because of the badge. the bottomline on these cars are the buyers are gone. collectors will buy a well sorted 355 but if given the option 99 of 100 buyers will buy a comparably priced 360 because it's newer and better.
