WHAT IS A 2005 Ferrari 360 2dr ConvertiblE PRICE? | FerrariChat

WHAT IS A 2005 Ferrari 360 2dr ConvertiblE PRICE?

Discussion in '360/430' started by jorhalle, Jul 3, 2012.

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  1. jorhalle

    jorhalle Karting

    Jul 6, 2007
    54
    I am currentley in the market for a 360 Spider. does anyone have any idea what a 2005 Ferrari 360 2dr Convertible Spider with 16,300 miles is worth? a ferrari dealership is asking $125,000 what should i value the car at.

    THANKS
     
  2. big_guy

    big_guy F1 Rookie

    Sep 9, 2007
    3,190
    Ontario, Canada
    Probably a bit more than the 4dr variant. After all, the 2dr version is sportier.

    Sorry...I have no idea, but I couldnt resist. :)
     
  3. jlonmark

    jlonmark F1 Rookie

    Mar 29, 2005
    3,199
    Beverly Hills, CA
    Full Name:
    Jay
    That's pretty close to a 430 spider with the same miles. I think $90-100 is what it's worth.
     
  4. Sled Driver

    Sled Driver Formula Junior

    May 13, 2010
    494
    Stokesdale, NC
    Full Name:
    Emery
    Last production year of the 360, all were convertibles. First production year of the 430, all were coupes.

    Price is relative to demand. $125K is not out of line depending on color, options & records. The 05 360 was produced in smaller #'s than the 04 Stradale. Convertibles always have a higher resale value over coupes.

    As an example there has been a silver 360 coupe on eBay for months with green leather interior. You can't give that car away
     
  5. IDriveM5

    IDriveM5 F1 Rookie

    Jul 2, 2012
    2,675
    Central Ohio
    Full Name:
    Raj
    I'm in the same boat. $125k is high with that many miles. When I say high, I mean like Snoop Doggy Dogg high. This depends on many things, such as service history, upcoming major service, equipment, number of owners, F1 versus 6MT gearbox.... At your price, it should be much closer to like half as many miles, if not a little less.

    Basically, I'd have a hard time seeing it sell for more than $115k, and that's also HIGH. I think it should be closer to $105-$110k. If I check my handy-dandy RED 360 Spider pricing statistics graph, it should be around that range.

    Good luck!
     
  6. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    4,432
    clean 360 spiders are getting harder to find.the market is strong at this time for the sellers.
    if all services are up to date all books n records and keys and clean car fax 110-112k imo
     
  7. JWeiss

    JWeiss F1 World Champ
    Owner Silver Subscribed

    Nov 18, 2010
    11,451
    NYC and Long Island, NY
    Full Name:
    JWeiss
    2005 F430 Spiders very much exist.
     
  8. big_guy

    big_guy F1 Rookie

    Sep 9, 2007
    3,190
    Ontario, Canada
    +1
     
  9. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,908
    New jersey
    I would say in the 90s
     
  10. Spitfire

    Spitfire Formula 3

    Nov 16, 2006
    1,602
    Mileage is a bit higher than many out there, but that's not to say that it's high mileage vehicle. Is is a good color combo with a full service history? Without knowing all the facts I'd guess this car should be just north of $100K, on a good day perhaps as high as $110K, but it's definitely not worth $125K. Is it F1 or stick?
     
  11. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    17,538
    ON
    Full Name:
    CH
    When it comes to modern Ferrari models high mileage really kills resale value. Higher mileage (by Ferrari automobile standard) should be better reflected in the price quoted to you than this 2005 example.
    I think there were only 15 of the 360 convertible models imported by FNA for 2005 though.
    While a bit of a stretch price wise I would prefer even a 430 coupe over a 360 convertible as the 430 has a number of design advantages.
    CH
     
  12. bball16

    bball16 F1 Rookie
    Rossa Subscribed

    Dec 2, 2011
    4,101
    NY LI FtL
    Full Name:
    Mike
    I own a 2005 360 Spider and I can give you a couple of pretty good reasons for that price. The car is as up to date as a 360 can be and it still has a few years left of powertrain warranty eligibility. If it's being offered through a dealer it doesn't seem unreasonable if the color and options are right.
     
  13. MVDESQ

    MVDESQ Formula 3

    Nov 25, 2010
    1,581
    Greenwich, CT
    Full Name:
    Matthew & Kristen V.
    I'm sure '05 cars are the most sorted 360 cars. They seem to be more expensive than '04 and '03 cars for some reason. That number seems about right for an ask price from an authorized dealer but too high to pay even with lower miles. I'm sure the car is F1 as I've only seen one manual '05 360. If the car has a later build date it is likely eligible for the power train warranty once or twice. I suppose it is red/tan at that price?

    I don't know how many owners it has or what the clutch life is, or if it has challenge grilles, shields, Daytona seats or the 3 piece wheels. Once I know more i'll give you my price estimate.

    Good luck.
     
  14. jorhalle

    jorhalle Karting

    Jul 6, 2007
    54
    The car is located at Ferrari of central jerseys website. silver with black interior please check out the car and give me your opion

    Best
     
  15. PFSEX

    PFSEX Formula Junior

    Jun 30, 2006
    843
    Las Vegas
    Full Name:
    John Ratto
    I have had two friends purchase 2004/2005 360 spyders in the past few months. Both were looking for the best possible cars they could find. Both wanted the most desirable color (red -tan, red black) and the other most desirable options (shields, Daytona seats) and the lowest miles (under 10,000. Both found really perfect low mile cars (one had about 7,000, the other about 11,000) with no stories. Both paid around $105K.

    Given these expereinces, I would say that the most desirable late year 360 spyders will sell for about $105K.

    Use that starting point and subtract from there. To begin, this car is silver - that is some deduction. It has 16,000 miles, that is some deduction. Daytonas? Shields? All keys, fobs, manuals, tools??? cream puff condition??? recent timeing belts?? Deduct for any other such issues.

    Anyway, if everything else checks out perfect, a silver/black 2005 spyder with 16,000 miles would be around $100K.

    Just a thought - you are buying a convertible just as summer is beginning - bad timeing my freind.
     
  16. PFSEX

    PFSEX Formula Junior

    Jun 30, 2006
    843
    Las Vegas
    Full Name:
    John Ratto
    Checked it out on the web site. Looks very nice. If everything is in place (service history, PPI, clutch condition, recent belts, keys, fobs, manuals, etc etc etc) I put this car right at $100K. If silver is YOUR prefered color, then maybe you could justify $105K.
     
  17. MVDESQ

    MVDESQ Formula 3

    Nov 25, 2010
    1,581
    Greenwich, CT
    Full Name:
    Matthew & Kristen V.
    I agree on that estimate too but I tired dealing with those guys recently. Got nowhere. I highly doubt they'll come down like 25-30k. Not even worth trying. Keep looking.

    Even if you like silver and feel ok paying for it. You will get killed on trade in.
     

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