Trying to get a pulse on the 355 market

IMO you have it priced fairly without knowing details of compression, etc.

If I coveted a yellow GTB/ F1, yours would certainly interest me and given that it's due for a major and has some sticky issues, assuming that everything else checks out OK, I would be looking to buy it in the low to mid 50s.

I am speaking as a buyer.

Good luck with the sale.

 

As Bob said, it appears your car needs attention (or will at some point) to sticky interior parts. Without those done, it may bring the value down a couple grand. Lacking a major is an issue also since most rather buy a car that is ready to go and have the safe feeling that nothing will cause the major to be more than just normal service. You might be better off having the major done and asking $65K although I think the market may not support that. Yellow is a nice color but it takes a special person to want it so that reduces the market alone. Red or black and it would make all the difference.

I see no issue with ebay - it's a marketing tool. I doubt the actual sale would happen via ebay - most often the deal is made on the side but people connect via ebay.

Good luck.

 

Rich,
I have been watching ur car on Autotrader or cars.com(can't remember) and here and I have to say I'm surprised its not sold. I will PM you with a cash offer as I have been in the market for one.
PS I will drive it from NM back home to Houston TX.

 

Almost Forgot,

"Stickys and Majors" are not a deal breaker. If you've looked after this car accordingly it will show in the PPI. I look forward to speaking with you.

 

$60k sounds fair, if you want to sell it quickly it'll take mid-low 50's or a fresh major. The problems is that unless you have a red car, you have to be patient. There is somebody that wants a yellow GTB f1, you just have to wait until they find you (or you find them), though it sounds like you may have already found him .

When I was looking for mine, I wanted a yellow GTB 6 speed and it took a while to find one. It also took the seller a while to sell it due to how it was advertised, but I ended up finding it via ebay.

 

I am local to you and have seen your car around Santa Fe. I was shopping for a 355 about 1.5 to 2 years ago. I thought about contacting you, but your ask was simply out of my range, and I didn't want to offend you. If your asking price was mid 50's, then perhaps we could have worked something out.

I ended up finding a car (not locally) with recent major, re-done interior, new valve guides, and new exhaust headers for mid 40's. I compromised on the mileage (~60k). Maybe there are other buyers like me who, for the same $60K or less, can buy a fully sorted car with a few more miles. Perhaps your buyer will be one that values low miles over all else and thus may take longer to find?

Good luck.

 

Hi Rich,

You do have a very nice car. Mine is a close match. Flame suit on...

In my opinion, Main items that are causing it to sit are:

Price. Only you can figure out your tolerance for a lower number. 55k to 60k with a major done a week ago is what most buyers are looking for.

F1. Most are looking for a 6-speed first, and then when they can't find a gated car after a while, will only - THEN - consider an f1. Even though an f1 can be quicker shifting and a fun experience. Do a poll. No doubt on the 355 GTB. Most want a stick... I know some go directly for an F1 but they are not the norm with this model.

Color - yellow is the official color of Ferrari even though 80% of them are sold red. Yellow takes a little bit of time to grow on people and not all people can "pull it off". It is the best color for the lines of the 355, but some think it can be a bit of a bumble bee. You only see black interiors. When people add too much yellow accenting - it results in a fail. I was hesitant at yellow. Then fell in love with it.

Your location is not "right next door" to a dealer or top independent, so it makes it harder for people to have it checked out. Consider storing it in Denver, or Phoenix, or in your other home area on your profile - San Diego, depending on the season for a couple months so that it is easier for buyers to have it checked out and easier to get to. Even though you are in an upscale area, it is considered "out there" in Santa Fe.

Because your car has been on sale for a very long time, buyers will wonder "why?" "What else is wrong?" Etc...

You will have to lower the price for a successful sale or at least get it closer to the shops.

Good luck with your sale.

Robb

 

Many struggle with the decision to go F1 or gated, I was in this position last year when I started my search. Once I drove an F1 (430), I was in love with the F1. Since the first sight of a 355, 14 years ago, I wanted an F1 but when I started my search, the doom and gloom nonsense often posted here made me second guess my passion.

It all worked out for me, I've got an F1 and could not be happier. Sure, gated is cool but I'll save that for a car that has no other option, not one that made a mark on automotive technology.

 

Wonder if whoever runs Algars Facebook page was reading this thread...

😜 Sorry, I just couldn't help myself, that post just popped up.
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Dave
I agree an F1 was not my first choice,but after i drove one I would not go back to a stick.
I do believe that the 355f1 being the first street F1 car will be worth big $$$ one day.only 1000 F1 spiders made has to be worth something in the future.just my 2cents.

 

As a long time lurker, but short time member, I'll have to make my first post some time. I bought a 348 just before year end (my first F-Car in years) and I am still F-Car shopping.

I'm a cash buyer.

At your price and description I would/am not looking at your car seriously.

Major service - Very important -

1)These may be Ferraris, but realistically we are talking about OLD cars. Doing any major service includes some risk of breakage. A Mint Car in need of a "major" becomes an Average Car in need of a major. It's simply a matter of risk.

2)Most sellers, that I find, are ready to dump their cars before the next service. (Also one of the reasons I suspect so many of the cars catch fire [I'm others have thought it {don't hate me for writing it])

3)Fresh service is one year old or less.

4)A well documented home garage major done by a "car guy" that intended to keep the car for a long time trumps one done by a "specialty" shop.

F1 - Minorly important - For me an F1 is only a minor drawback. If I didn't already have a M/T F-Car or planned on only having one F-Car it would mean more.

GTB - Not important

Color - Not important

Paperwork - Not important - As I said before, these are old cars. I buy cars to drive. The only maintenance that really matters is that done after the last major service (12 months worth). The rest an inspection will tell me.

Toolkit - Not important - Nice to have, but Toolkits are $500 items. $500 wouldn't keep me from buying your car.

Stickies - Not important - For a "car guy" they are an easy fix. For one who is also a "gun guy" who has an air gun setup for duracoat... I consider it a minor service item, it will need done again.

Price - I'm a cash buyer. It's my money. If you want ME to buy it the Price has to be low enough that YOU (as a buyer) couldn't pass it up.

All cars depreciate. Most cars eventually appreciate to over take their original retail price. Some cars do it faster than others.