Help on 355 GTS value

A good deal no doubt. Keep in mind however that the major was performed almost 6 years ago. I also didn't see mention of the headers, but I am looking from my iPhone, and the resolution of the service records isn't that great.

 

That would make sense. A major which costs 5k-8k can easily become 15K overnight

 

Ask me how I know....

 

Okay, mine:

$46k purchase price June 2011
1997 F355 GTS 6 speed
Nero/Nero
35k miles

Pros:
Headers done
Valve guides done
10 Months on a major from F of Seattle
Capristo exhaust
Ferrari trickle charger
all records from new
no CEL's
great paint
good interior
good tires
runs and drives great

Cons:
Sticky interior
minor curb rash on rim

I bought private party after about a week of the owner putting it up for sale. He didn't have any other serious interested parties at the time. I gave him his asking price of $46k because he priced it at market, knew it, and wasn't going lower.

 

I'm in Portland. I know you just bought it, but let me know if you decide to sell it!

 

Wow....Real world data. I view these as stocks. Individuals have the right to hold them and pray that the market will go up. If you wrap it in a time capsule, the price will eventually go back up. But if you need to sell, this is what the current market is paying.

With all of the potential problems these have, it has put a downward pressure on the price.

I will agree that some 355 will bring 70K, but it will be a sub 9K mile car. Any of these cars that have more than 20K miles are drivers. Ferrari simply built alot of the newer cars.

 

Depends on the car, unless the market is drastically different now than when I sold mine 6 months ago.

 

http://www.algarferrari.com/showroom_inventory/355_GTS-v-89915248

 

Condition matters just as much as mileage. We just sold a sub 10k mile 6spd in the 70k range, and we know of a couple others with similar mileage, also cream puffs, that sold in that range.

However, I also turned down a 9k mile '95 6spd recently in the low 50s, because it looked like it had 20k on it, and it had very spotty service records. Which is why you can't ALWAYS judge the transactions at 45k as market-makers, unless, as in F355Steve's case, you actually know the true condition of the car.

 

Great info. Thank you. Was the 70k car serviced with all of the known issues updated? Was it a Berlinetta, or a GTS?

 

I think people also under estimate the difference in selling price of an F car under a dealer compared to a private party. The exact same F355 could sell for $10k more under a dealer than from a private party. Advertising, reputation, salesmanship, convenience, ect... all factor into a dealer potentially getting a premium for the exact same car.

Regardless, this thread shows the range of what 355's are going for. $70k for well documented, low mileage cream puffs at dealers to mid $40's for solid sorted mid mileage drivers from private parties. If you want to venture into undocumented basket cases, who knows?

 

+1

well said

 

I have found a few cardinal truths with selling cars, especially something like a Ferrari:

1. You are going to lose money selling. Period. End of story.

2. You know how much love and effort you put into a car, but it doesn't mean jack sprat to a buyer. Fixing that little scuff that kept you up at night means nothing to someone else; the fact that it is gone is the only reason they are still talking to you. The fact that you had to fix it means your car is worth less.

3. The only logic the buyer has is "how do I get a great car at a low low price". For many people the sensation that they got a good deal is more important than the final price; which means buying a better than average car for less than average price.

4. Not having service done makes the car unsellable. Completing expensive service only says "this car costs a lot to maintain".

5. Everyone SAYS that driving the car is good for it. But try that logic when you go to sell it. I will never forget someone telling me my 512TR was a "bottom feeder car" because it had 27,000 miles on it.

There is no logic here, no money to be made, no good feelings to gain. Selling a 355 right now is going to hurt like a teen-age break-up. The only reason to do it is if you don't have a choice or you just don't care anymore.

 

+100000

 

The RC/Tan 3-pedal GTS I purchased from FCI in late September cost me just over $70K, once everything was factored in. Of course, this car had a Tubi, fresh cats and Fabspeed headers recently put on, and a major done about a year prior.

Strictly speaking, did I overpay? Probably. Does it bother me? Not in the slightest. There were three other buyers lined up behind me, and I didn't buy it thinking of resale value. The car is wonderful and had been kept in excellent shape for an 18k mile car.

Of course, FCI does have their vehicles at a premium price, but they stand behind them. I drove away very pleased.

 

Sounds like you did well. I think I'm probably like most buyers: there are GTSs I wouldn't pay $40k for, and others that I wouldn't hesitate to pay $70k for.

 

New Member;
Purchased a 100% factory stock 1999 355F1 Spider three weeks ago.
Yellow/black
11,870 miles Florida car
Perfect car fax; no paint work, etc.
All factory options; shields, brakes, rear grille, bla, bla, bla
Paint 9.5; few rock chips on the hood and a scrap on left bumper the size of a quarter
Interior 9.5; drivers left bottom boaster slightly depressed
Always garaged, everything works; no warning lights; all service lights work
Serviced at Ferrari; clutch, brakes, fluids, etc. Clear OBD II
Clean , clean, clean. On the verge of immaculate
Put 600 miles on it in three weeks. More than the previous owner in 4 years.
To be fair; needs rear tires, gear box clunks in and out of second; Redline ordered. Top will not close all the way; secondary struts extend only half way and that's with the over ride switch. Some small rust bubbles on the edge of the black door sills. Servicing everything myself. Nice hobby.
Runs like a raped ape with pepper sprayed nads!
Best pantie remover ever with a bottle of Champagne/raspberry liqueur running a very close second!
$25K
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login