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

Great post. Totally agree, I am in the same boat.

 

David's post is pretty accurate and I suspect that most owners would generally agree. A few minor exceptions are things like new belts (past 3 months) or new clutch may add to value because the next service is far away. Belts 2 years ago are worth nothing and probably subtract for a service.

I too am more inclined to buy a stock car but my opinion has changed over time. The biggest problem is what they think is tasteful, I may think is horrific. For example, I would probably give points for a yellow tach face but may subtract for a body kit. Wheels, who knows but I won't pay extra for them. Exhaust is a plus in most cases. Upgraded TCU a plus in my book. Stiffer springs, depends on setup and quality. .... you get the idea.

As for 80's for a 3 pedal spider, that may be tough. There are VERY FEW of them out there so you may have a hard time finding one let alone getting the price 'you want'. I suspect that the total number of 3 pedal spiders in the US is in the very low 3 digits. That leaves you with an awfully long wait to find a car in that config with your color combo.

 

Boy, I must be the "atypical buyer". When I was searching for my car last year I secured the funds that I knew would want to spend on the car, then I sought out to find the car that would fit my "criteria": 3 pedals, black or tan interior, silver or black exterior... and it had to run and drive when I bought it. The only criteria that changed was the exterior... Bellissima is red, and my wife needed to be talked into it not me.

Don't take this the wrong way but... When you only have a few thousand cars in the World for sale, and you guys have such high criteria.. you sound like many of these single women over 40. (Ooooohh I'm going to get it for this!)

"He has to be fit and fun, handsome, rich, dark haired but not curly, nice but not too nice, with a slight evil streak, never leaves the seat up.. etc. etc. I don't get it how you can "be shopping for years"... I don't.

Like I look at these older single women with my wife at my side (they're usually in groups of three seeking solace in groups).. like I go in the garage and take Bellissima (the car) for a ride impromptu after work.. I just wonder. Life's too short. Before long you'll have a bad back, or that arthritis hip, or cataracts.. and then you can't enjoy your short time here or the car.

Sorry if this detracts from this thread or if it leads it away from the original but this "Atypical Buyer" felt compelled to have a rant. (I'm not normally prone to contentious outbursts.. I swear! )

 

Generally I feel the same way, but unlike those who can really afford to buy new Ferraris and do not need to consider price, it seems the used Ferrari market is much more price sensitive and is generally hoping to get the most car for the least money.

That is generally how consumers behave anyway. It just seems odd when you’re talking about a Ferrari, which will never make economic sense, that some folks are so price sensitive and some are just dyed in the wool bargain hunters.

It takes all kinds and I wish the best for all. In the end, get the Ferrari you want and be happy. Just don’t wait until you are dead before you get one.

It is a great car without peer and a great accomplishment to own one.......Steve

 

There is currently a local 1999 360 Modena with 36k miles listed for $63,895. All maintenance done and mint condition. Also has a manual transmission (which I prefer over F1). It's yellow on black.
I have seen others here go for around same price.

 

How about this one:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=250810250951&viewitem=&sspagename=STRK%3AMEWAX%3AIT

1999, 2 owner, 26K miles, high overall autocheck rating and looks pretty clean.
The color combination is slightly unusual (maroon over cream leather), but other than that (and a thorough PPI), this looks like a bargain at $63K.
No affiliation, just an avid shopper myself.

 

I would sell ...its just a car and I would move on to next conquest which is in sight

 

There are fully serviced, well optioned F1 modenas going for 65k on Ebay very frequently.

 

I *almost* had my mechanic do a PPI on this car so I could purchase it.

There's nothing wrong with it. It's completely up to date on maintenance, has all recalls performed (TCU software, etc.) and it's on consignment. They're not negotiating price. I told him if he would sell it for 59k, I'd send my mechanic down for a PPI the next day, and provided a clean bill of health, I'd drive it home. It's STILL a very fair price, but it's not "the one."

I'm still thinking about this one. The biggest thing holding me back from pulling the trigger are two things: I'm about to leave the country on business, and I really, really want rossa corsa. If this car was a rossa corsa, it'd be in my garage by now. But the Fiorano really is a nice color. Very classy; and I think it goes well with the cream interior.

Patience is a virtue.

EDIT - One thing I do remember about this car is it failing emissions quite a few times - probably because of the fabspeed exhaust.

 

Nope.

2000 Titanio Grigio/black
Challenge grill
red calipers
430 wheels and 360 wheels (yes,two complete sets with tires)
tubi exhaust tips (original's still in the garage)
27K miles
All records since day one. Serviced at Algar Ferrari

The car may have 27K on the odometer, but it looks new. Well cared for, all services done by the dealer.

Oh, it's a 6 speed stick, no paddles.

I turned down a low ball offer. I have no need to sell, but would like to move to a 575 at some point, but not in a hurry.

So, nope, $65K wouldn't do it, but $72-75K would.

D

 

It's not "the one" AND they wouldn't sell it to you for the price that you offered.

 

no

 

That one looks to be a very nice deal at that price point - if you like the color combo. But for someone who does like the color, it's VERY fairly priced, from a good seller. Same car but in red/tan would be + 5-9k, and 6-speed +7-10k on top of that. Just be sure to verify the service records, especially belt service and variators done.

To answer original question, for my car - nope, no way at 65k.

 

+1

There are alot of 355s fetching more than that

 

Nope...would not sell it at that price.
$85k I feel would be a realistic number based on private sale and the records etc I have.

 

Agreed, my point was sarcastic. He claims that there are 'a lot selling at that price' then he tells us how the seller turned down his offer. He then spins it claim that it was his choice, not "the one". It was just too funny.

Oh yea, wouldn't sell my car for that either. I decided to make it my DD.

 

Above was the initial post - and it looks like the people who are still convinced nice 360s exist on the market for $65k don't fit the "actually own one" criteria. So, why not go out and get a "nice" 360 for 65k (or less) and report back that you own one and that you're willing to sell it for $65k!

 

Tell me exactly where I was wrong.

A quick Ebay / Autotrader search turns out quite a few 360s in that price range -- Even the one we're referring to.

I asked if they were willing to negotiate the price, and they said no. The price was still fair, but it wasn't the color I wanted; therefore, I wasn't going to buy the car. If they would have accepted my offer, I would have purchased the car provided it got the holy PPI blessing of my mechanic.

I thought what I said was fairly clear and concise with no spin. Of COURSE it's my choice. It's my money. It's how much I want to spend on a car - not how much you think a car should sell for. You have a terrible sense of humor if you thought it was funny.

 

Ummmm... I bought my "nice" 360 for below that number and per his original post.. I responded that yes, there were some available for "Well" under 70k. ebay. cars.com. They're out there. Most that get posted here for under that number, sell within 8 weeks or so.

 

Ah.....no

It really does not matter what we would sell ours for. The market is the market and you can buy a nice one for that, period.

 

The 2nd statement is correct but the first is not. As owners we are part of the equation for the 2nd statement.

Yea, I know, the fantasy buyers don't want to hear that a market takes buyer AND sellers. They want to believe that it is only buyers that set prices. IF that were true I could buy a new car for $20.00 but it isn't true. Sellers have to be willing to play too or there isn't a supply.

 

I think that we are all just shocked that our 200,000 dollar cars that few could touch are now in the reach of alot more people and that hurts the pride thing. haha

 

Having been looking for a mint 99-01 360 for over one year now, I'd like to offer my perspective. Keep in mind I am a very attractive buyer, i.e.; I am willing to travel to look at the car and I have cash...no financing hassles here!

First of all, when I refer to a "fair" price below, I am speaking of a price that is "fair" to both the buyer and seller. Not too high, not too low, right in the middle. Fair...right???

I did an advanced search and there are no "recent sales" for any 360 on E-bay regardless of year. This means none (zero) have sold on E-bay for quite some time. This also means nobody on E-bay is getting anywhere near what they are asking for their 360's...nobody. So, I guess it would be fair to say that using E-bay "asking" prices as a gauge to determine a 360's value is moot at best. Anyone who tries to justify the value of their 360 based off E-bay asking prices is just not being realistic! Heck, not even any of the sub $65k 360's have sold!

I am a no hassle cash buyer and have made "fair" offers on several 360's. There is a very nice 00 360 on this site for mid-70's. It is the color combo I want and a six speed. I'd be a buyer but the seller has zero maintenance records. This is obviously a concern! So, how how can a buyer like me reasonably expect to get around this issue? Only one way. Do a PPI, buy the car and then pay to update all maintenance. Now, why in the world would a seller expect a buyer to pay a "fair" price for a 360 that is going to take $5-$10k to update all the maintenance?

If I find a mint 360, manual, with all maintenance records, I will pay a "fair" price. If I find a mint 360 with no maintenance records, I will pay a "fair" price minus about 75% of what it would cost for me to update all the maintenance. I am willing to cover the remaining 25% as I realize everything will be updated for me...exactly as I want updated.

I don't think there are many people out there with cash in hand who are going to be willing to pay $75k or more for a 360 when shipping, PPI, maintenance update, etc., is going to be necessary. A $75k 360 quickly turns into a $85k 360 this way and, as demonstrated on E-bay, $80k+ 99-00 360's just ain't selling!

So, in my opinion, anyone who expects to sell their 99-00 360 for more than $70k is probably going to have a hard time doing so. I base this on the fact that there are dozens, and I mean dozens, of 99-00 360's on E-bay, Craigslist, Cars.com and Autotrader that are in the +75k range and have been sitting there for more than a year. In fact, there is a mint 00 360 located within 15 miles of my home that has been for sale for almost two years now. It started at $89k and is now down to $72k and it still ain't moving!

Again, the above is only based upon my experience over the past year. I have owned many sporty cars in my life but have never seen anything like the unrealistic market for a Ferrari 360! Why people hold onto a car so long that they need to sell just doesn't meet with "Supply and Demand."

If anyone has a 360 that might meet my requirements, please e-mail me at: [email protected]

 

I'll tell ya what is wrong with them...they are all obviously overpriced as most of them have been posted over and over again and have never sold. Some of them have been lurking on E-bay, Autotrader, etc., for well over a year!

Supply and Demand is the only way these cars will sell! There just isn't much demand for +$70k 99-00 360's or they would be gone!

 

I don't think that there is an owner on here that would argue against your position. Mid 70's less ~5-6K makes it a 70K car, I think that is reasonable and will get a decent car. Contrary to some other posters positions, I don't think that WAY below that is a realistic expectation.

You have cash but few people have that in cash to buy a toy. Most think they will finance and as the cars age that is getting more and more difficult, if not impossible.

Also, maintenance will cost you ~5K per year average (there is a good, recent, thread on that subject). I don't think that most are willing or able to swallow that on an ongoing basis. Hence a lot of poorly maintained cars are out there from people who overextended.

I don't think anyone is saying that cars aren't out there for 65K. I think the point is that people with well maintained cars with records and all the stuff won't part with the car for that kind of money. That creates the problems that you and other serious buyers have in finding good quality cars.

It also accounts for all of the people who think they can get a great car for that kind of money. Lots of bench racing without putting up the money & time to validate the quality of the cars they pontificate about.

As someone on this board repeated "there is no such thing as a cheap Ferrari". Poorly maintained cars can lead to VERY large bills. Even a well maintained car can have surprises that run $15-20K