show of hands - willing to sell your nice 360 for $65,000?

All of these last statements are right on. My current 360 F1 low milage 03 is not for sale and certainly not be for the initial price being questioned. Most of those giving this ridiculous figure are non owners, facticious owners who have not truely purchased or not serious lookers. Doesn't make any difference whether it cars- antique guns etc. happens on most sites. For some time this has gone on as when a child I remember the talk of barn find Corvettes in which someone passed away and was purchased for 100.00 etc. Plane garbage, but makes for interesting stories.
Docf

 

What's wrong with these... (besides "high miles") ?

http://cgi.ebay.com/ebaymotors/Ferrari-360-F1-1999-Ferrari-360-Modena-F1-CURRENT-ALL-SERVICES-_W0QQcmdZViewItemQQhashZitem3a6574b6c7QQitemZ250810250951QQptZUSQ5fCarsQ5fTrucks#ht_14903wt_1128

http://cgi.ebay.com/ebaymotors/Ferrari-360-Coupe-6-Spee-1999-Ferrari-360-Modena-Coupe-6-Speed-_W0QQcmdZViewItemQQhashZitem1c1b308eaaQQitemZ120715251370QQptZUSQ5fCarsQ5fTrucks#ht_5222wt_1128

http://cgi.ebay.com/ebaymotors/Ferrari-360-2001-Ferrari-360-Big-wheels-Nice-factory-options-6sp-_W0QQcmdZViewItemQQhashZitem256336a49cQQitemZ160578315420QQptZUSQ5fCarsQ5fTrucks#ht_500wt_1143

http://cgi.ebay.com/ebaymotors/2001-FERRARI-360-MODENA-F1-AUTO-SUNROOF-XENONS-ONLY-19K-/190525620707?pt=US_Cars_Trucks&hash=item2c5c3641e3#ht_28618wt_845

http://cgi.ebay.com/ebaymotors/2002-Fly-Yellow-black-360-Spider-F1-Daytona-seats-/190526140219?pt=US_Cars_Trucks&hash=item2c5c3e2f3b#ht_668wt_1128

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=64250634&listingRecNum=0&criteria=prMx%3D70000%26sf1Dir%3DDESC%26prMn%3D0%26mkId%3D20014%26stkTyp%3DU%26mdId%3D20420%26rd%3D100000%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId-pseudoPrice%26zc%3D60606%26rn%3D0%26PMmt%3D1-1-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26sf2Nm%3Dmiles%26rpp%3D50%26feedSegId%3D28705&aff=national

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=48180121&listingRecNum=3&criteria=prMx%3D70000%26sf1Dir%3DDESC%26prMn%3D0%26mkId%3D20014%26stkTyp%3DU%26mdId%3D20420%26rd%3D100000%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId-pseudoPrice%26zc%3D60606%26rn%3D0%26PMmt%3D1-1-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26sf2Nm%3Dmiles%26rpp%3D50%26feedSegId%3D28705&aff=national

 

john no one is arguing with u....these are 60 to 90K cars...its a wide spectrum but there is a wide variety of cars....for someone who doesnt care about miles u can get a car in the 60s no doubt. if u want a clean low mile f1 spider ur paying closer to 85 ish...i personally wldnt pay anything over 90 for a 360 unless its a CS. i just got an 01 spider, the car i described above for less than $90 from a dealer...so call that full retail...

 

You don't really want to sell it I take it? $135k...you can get a CS for that!

 

i know this car and remember looking at it in late 2010! It's from NJ right? Only reason I didn't scoop it up is bc it was f1 which I didn't want. You got a good deal that car is nicely optioned.

 

You are right Mike, I do not want to sell.
Prices up here are much higher not to mention more premium for a Canadian Car. With our dollar there are lots of good deals south of us.

Cheers,
Nick

 

I see a few potential issues with the ones listed. First, many of the ads describe "service records" without qualification of what types of service the records cover, what the mileage was, and when the service was actually done can (and usually does) lead to substantial additional costs to bring the car up to standard. It's also worth noting that one of the cars is a euro model and another has frame damage history. All this is just from what can be gleaned from the ads... and a PPI could open the list to a litany of other potential issues.

 

The other part is posting on the FChat 360 owners section and asking for valuation opinions on 360s. We all overvalue the cars we own.

You just have to go out and see what's available. From a private seller, yes, you would have a good shot at a nice coupe for $65K from someone ready to move up or needing a garage bay for a new toy. From a highline dealer, not yet.

There was a recent auction where a 360 Spider with 134 miles on the odometer brought $107K from a buyer who presumably will stare at the car, so as with 328s there is a range. There are 18,000 360s out there, so availablity is not an issue.

 

Frame damage.. didn't catch that at first. OK Given.

Euro car: same as US car fundamentally, drives the same, same mechanicals, PPI will show how well US mods were done. If you want a "nice" car, a euro will give you the same experience as a US car for alot less. Mine is perfect . No CEL, none of the problems that I read about here with cars that have 5k miles. If you want to flip it in 2 years.. you can't tell me that the price differential from a US car will be any different than it is now at this time.

The other cars.. yes a PPI will could tell you what's needed on the 65k cars. The only difference from an 80k car will be miles and perhaps some wear. Even 80 to 100k dollar cars have deferred service so this is a moot point. 80k dollar cars can also have "records" that show something as done but actually not done by PO/dealership.

I see this all the time on rennlist. Somebody finds a low cost deal on craigslist/ebay. All the guys that spent twice that on their car chime in and say that it's a pile of crap and has all these things wrong with it.. should be parted out, etc. so the original poster doesn't follow up. Then, one of the nitpickers "decides he had a change of heart" and buys it. Low and behold... it's a great car and a fantastic barn find. Such are online forums.

 

+1

80k for a 360, unless it's some extremely low mileage garage queen in the most desirable color combo, is too much money. You can get a gallardo for that.

 

http://www.jakesmotorcars.com/web/used/Ferrari-360-Modena-1999-San-Diego-CA/1284184/

 

WOW best color combo possible and a real 6 speed. And he says it's had a fresh service. that looks like a great car.

 

360=308..sell it now for 65k instead of 30k...

 

That car looks like it just rolled off the factory line.

 

That JAKE has really perfectly detailed cars in his inventory,
I am impressed by his detailer

But, nothing can replace a LIVE examination

Greetz,


Joseph

 

Ebay is a great tool to estimate national market prices with auctions that closed, and the highest bids on regular auctions that ended without meeting reserve/buy-it-now. Fixed price auctions and 'buy it now' prices are useless, as anybody can ask a million for his 360, but will never get it.

And also worth remembering is owners always think their cars are worth more than they are (how many here said they wouldn't sell their cars for what they bought it for? Ha ha), and buyers always want to pay less than car is worth (typical low-ball offers . Fair market price is somewhere in the middle. Bottom line is if you need to sell your car, you'll have to take whatever the market bears at the moment. Right now it's NOT a good time to sell an exotic, plus there's a vast supply of 360s, therefore it's a buyer's market.

Finally, like many others have stated, I rather spend more initially and buy a pristine car with low mileage and all services current, than a higher mileage one in need of servicing that will cost just as much when you're done with maintenance. Not to mention the inconvenience and risk of dealing with that. Money well spent IMO. Good day gang.

 

I think if you find a gallardo for $80k you will run into the same issues that the $60k 360s have.

 

02 sil/blk 19,500 miles. 6-speed, usa car, clean title

 

http://www.jaxed.com/cgi-bin/mash.cgi?cat=cp&itm=ferrari&loc=&fil=360&ys=&ye=&ps=1&pe=&pgs=100&s_e=on&submit=++++go++++

hmmmmm......

 

I have a 1999 360 with 24,000 mi Coupe Rosso Corsa, Red/Tan, F1, Daytona Seats, Clear Bra, Shields . Car has never been in an accident
This 360 is very clean and ready to go to a new home for $ 69,000.00

 

I am a potential 360 buyer (spider or coupe, depending on what time of day it is). I have been, off & on, for several years. So I thought my perspective might be helpful to some of you "potential sellers" out there:

A few years ago I talked myself away from Ferrari into a Porsche 997 Carrera S because the back seats gave me a way to take my kids to kindergarten in my joy car. Bored with Porsche, I'm back to looking for a 360. I linger on the 360 because I prefer the way it looks over the 430, I'm not going to drive it on a track (ever), and I can't justify breaking the $100k emotional barrier for a pure "toy."

First, I'm going to pay cash. If I can't afford to part with $100k in cash, I probably shouldn't be contemplating purchasing a toy that is nothing more than pure pleasure with no investment value and has no practical usefulness. (although I think it would make sense to use a HEL to buy an investment-grade classic in today's market, i.e. a 1966 Mustang, a 1967 Corvette, a 1974 Dino 246 GTS, etc.)

I would probably be dubious of a $65k car, because I would be concerned that it deserved to be priced that low. The market for the past few years has not seen $65k cars unless they are 1) salvage titles, 2) very high mileage, or 3) very ratty, often reflected by multiple owners who kept the car for 10 months or less (to avoid service costs). So, if you are desperate and willing to take $65k for your pristine low-mileage car, then please advertise your car that way, i.e. "I am desperate and willing to take a $20k hit on my car because my mother-in-law needs a kidney transplant and I need to feed my 14 starving children." Otherwise I will assume your car is underpriced because something hideous is lurking beneath the shiny red re-spray.

It makes more sense to pay $85k for exactly the car I want than $72k for a compromise car.

I personally want a 6-speed manual...not an F1. I already have a "paddle-shifter" for a daily driver (Audi S8). For my weekend toy, I want to push a clutch and fight with a gated shifter. I imagine that this sentiment will more & more common, since most of us already have 1 or 2 other cars that have paddle shifting. There is nothing particularly unique about that function anymore (and yes I understand that it's not an automatic, it's a manual, but in terms of user-interface it's pretty similar). Which means that manual cars, IMHO, will hold their value more than F1s (not to mention that there are way, way more F1s for sale).

Having recent service does not increase the value of your car. That is a basic expectation - you will keep your car properly maintained. But the converse is true: NOT having a recent service decreases the value, because it means I have to pay to have it serviced. I will subtract that from the price I am willing to pay to buy the car.

I tend to distrust dealers more than private sellers. Private sellers at one point loved their car enough to buy it and own it and drive it. The dealer views the car only in terms of profit margin.

I personally tend to shy away from '99s, due to first-production-year paranoia.

However, the '04-'05 does not seem enough better to justify the huge price increase over the same '02 or '03....

I am not scared of high-mileage (i.e. 20k miles) cars if they have a well-documented service history. In fact, a higher-mileage car represents a unique opportunity because there are fewer buyers for these cars.

As a first-time Ferrari buyer, I gravitate toward red/tan cars (even though Grigio Alloy is my favorite Ferrari color). Mainly because that's the color a Ferrari is supposed to be, and because I think it will be easier to re-sell someday. I'm willing to bet my naive attitude in this respect is shared by lots of 360 shoppers (also first-time Ferrari buyers). Therefore, if you have a lovely Azzuro car...be prepared to discount it or wait longer in order to sell.

If your car is modified beyond OEM in any way, I will immediately move on to the next car. Aftermarket 22" wheels? Body kits? Aftermarket ECU? No thanks. I want it as God (and Ferrari) intended.

Tubi exhaust? Ok, that is something I find attractive but I won't pay extra for it.

What would I expect to pay? (all assume very nice condition with around 15k miles and current on service)
-$70-$73k for a '99 coupe
-$75k-$80k for a '00-'01 low-mileage coupe
-$82k-$84k for a '00-'01 spider
-$85-$87k for an '02 spider
-$90k-$95k for an '03 spider.
-$100k+ ? I'll probably stay away -- In my opinion, any sane Ferrari buyer would not pay much beyond $100k for a 360. At this price point, it makes more sense to pay the extra $20k and get an F430, which is a better car in every way (except perhaps looks). And, with the 458 becoming more prominent, 430 prices are going to drop even further, which will close this gap even more. No matter how much you love your '05 360...it's not worth $130k. Sorry.

These are just generic comments, so I hope I don't offend anyone. I just thought it might help you understand how the average 360 buyer might think....

 

exactly or a F430... and a lot less headaches.

 

x2. I'm a current prospective buyer and you hit my thoughts pretty much dead on. I'm expecting to pay $80's upto low $90's for a 3 pedal spider. Will pay a premium to get the car I want.