360 value VS 348/355 trend

I suspect that there is a lot of truth to this statement. If you don't think that the Internet and public perception via media mean anything you are just not paying attention to the world as it exists.

 

I'm not talking about current owners. I'm talking about people who are looking to buy. Google is your friend, and many links that show up in google, are directed right to this web site. All they have to do is search a little bit. Good buy 355, hello 360.

The 355 in my eyes, was the car that really began the cookie cutter exotic market. The Mcxotic if you will. It's was the first "Starbucks" Ferrari.

Power steering to make it easier to drive. A really really bad power soft-top on the spiders, that only added weight and complexity to an already very poorly executed car with big quality control problems. The introduction of an automatic transmission (some call it F1 to make it seems more manly). Adjustable suspension, just in case you want a smooth ride in your "f1 car for the street".

The 348 was blasted by Luca as being the worst car he ever drove. He then went ahead and built an even worse car, built DIRECTLY on the 348 chassis. Put the 355 power steering in a 348, and the 348 will feel exactly the same. Engine wise, a 348 with a tubi and test pipes can scream just as well as a 355. The only real advantage to the 355 over the 348 is the 6 speed gearbox, and no cable shift. Both interiors are horrible..with the 348 having a slight edge.

The 355 is a very pretty car, and at the end of the day that is why people want them. Put the same car in a Prius body with the same problems the 355 has, and you would forever be thought a fool for even thinking of buying one. If it wasn't for the name on the hood, the 355 would be rotting away in junkyards, and remembered as perhaps one of the biggest automotive blunders in its era.

The 355 will definatly be a collectors car..way in the future. 328s are worth more then 348's, and will soon be worth more then the 355 if not already. The gap will close as the 355 falls, and 328's increase.

360's will be worth more then the 355. People who have done their research, will skip the 355 and go right for the 360, increasing the demand for them, which will keep prices fairly constant. The 355 will eventually go up, but not for a long time yet.

As I have said before, the 355 could have been Ferrari's best drivers car ever. And in some ways it still is. But the cars are so full of expensive issues, it makes any other Ferrari almost seem cheap to own. Including the testarossa.

 

+1

 

Yes, the media gives them a bad rap. Yes, people bash them here on the site. I believe one day us F355ers will be vindicated. I could go on and on about so many other models and there associated issues (e.g. There is a lot of talk of some problems with the 458, there has been so many reported problems with the 456, etc). I still love them all!

Bottom line the F355 is a beautiful and exciting car with a ton of character. That will always hold value and, likely, increase value over time for those that know and love Ferrari. Besides, at least we will never have to worry about doing a $30k Carbon ceramic break job on 458 .

I love my 97 spider which I am about to get back in a week after having the valve guides done. Yes, it will be a little painful on the pocket book but as soon as I get in and drive off, I won't think another thing about the $$$. I will just smile ear to ear on my drive home.

 

Intersting topic; while certain cars will also command high/low prices (miles/condition etc); the Hagerty value guide is probably the best guide to use (It's what they do for a living; never dispute an insurance company BTW); anyhow, find the year and your model; if needed, adjust your ACV if needed.....


Classic Car Value ? Value Your Car | Hagerty Classic Car Value Guide

Kevin


Sent from my iPhone 6

 

Hey! I have a tubi with test pipes! Lol

Have to admit...i saw a 355 spider at last weekends c&c. After i got over the fact he put it in what i guess he thought was reverse the headlamps went up and down in opposite fashion and he nearly rammed an AM vanquish in front of him.. The car sounded and looked great.

Personally i like older Ferrari but at the end of the day. .. Every friggin Ferrari still on the road makes my head swivel!

We own an icon no matter what the 2, 3 or 4 on the rear.

Mobilized reply by Dahveedem

 

Just think 5 more years or so the 355's will be so well sorted it may end up being one of the most reliable.
Big deal a few issues orig from fcar we have them fixed better then new

 

Man, I really wish we could get passed this divisive nonsense.

Like I've said before, take a careful study of what users on Pelican and rennlist have done for 993s. ****, look at what owners of turbo 964s have done to promote their values in the last 9 months. Look at how the 246 owners have touted the merits of their cars. More recently, go study a few threads about 308/28 GTBs.

Are 355s undervalued IMHO? Yes.

Will they appreciate? Yes.

Are they special in their own unique ways? Yes

Are they better than any other Ferrari, older or newer? No.

For the love of baby Jesus. Stop the fighting. Let's all agree that we've got awesome cars. 348, Mondail, 360, Enzo or 355.

 

Well stated Luke. Buy what you like and enjoy it whatever model it is. If the car increases in value, great! If it doesn't you've still won the prize.

 

My point exactly, as previously pointed out.

 

The long-term issue facing the 360 is the far superior 360A, AKA the f430. As the prices of 430's continue to fall, so too will demand for 360's. If a Ferrari from this generation is your thing, the 430 is close enough in price today to reach up and grab. Just look at the 308/328, 348/355 if you need a refresher on how this will play out.

 

Yet the British media writes nothing but positive reviews, The April 2014 Octane magazine called the 355 one of the best Ferraris ever. Are the British that dim that they just don't know about the 355 or is it us here in North America that don't get it. I let my subscription to Forza expire years ago when I got tired of them being too lazy to write anything new in their annual update that Sheehan would phone in. Sorry, there are many much better magazines out there than Forza. There is plenty of misinformation on this website posted by newer owners or those that place their perceived knowledge of how to maintain Ferraris above the well established pros like Brian Crall and Dave Helms. It is no wonder that Dave has moved on from trying to help people on this website, the keyboard cowboys and their supposed knowledge will more likely be the cause of the downfall of the values of these cars by their bad advice more than some article in a magazine that hardly anyone reads.

 

True! One of the the primary reasons the 348 issues became non-issues is because 348 guys acknowledged problems as stupid Ferrari tricks. We made fun of them and did not take ourselves too seriously in the process. We exposed real information and then were able to find real lasting solutions. Today a 348 is bullet proof. It took a few years. The 355 crowd who can do that seem to either be extremely quiet or so few in number that the sorting process is taking a long time. Until then we will have controversial threads as there is no clear direction to fix problems. It is sort of like AA. You have to acknowledge you are an alcoholic before you can move beyond it.

 

Spot on and well said.

I've been saying for ages that the talking down and devaluing of the 355 seems to be a peculiarly American thing.

 

I know. Call me crazy but the TR's will have their day. Mark my words.

Their values are depressed for a variety of reasons -- high production (relatively), dreaded engine-out service, sketchy build quality, but mostly because of that 80s styling.

At $40-55k I'd almost be tempted to buy one for sh**s and giggles partly because I can't imagine them getting any cheaper. It's a 12-cylinder Ferrari and was the flagship for its time.

Grammar school boys that had posters TRs on their walls in the late 80s are now pushing 40 and finally making money and will yearn for the cars of their 80s youth -- TRs and Countachs. They will only get more valuable.

Then again I could be wrong

ketel

 

I think you nailed it on that one. 80's were a style nightmare but everyone will get their 15 minutes of fame. When that happens sell sell sell

 

I personally think this may just be the last "bubble" we see. Having driven a few of the Testla cars, the internal combustion engine almost seems like a dinosaur. These all electric cars are quite something to experience. Instant power and torque, no oil changes to worry about, exhaust systems rotting out, oil leaks needing to be fixed etc.

The dashes are like Ipads, all the fancy gadgets they can cram into these things is incredible. I honestly think we are on the verge of a huge change in how we see the automobile.

The market will continue to bounce around for a little while longer, maybe another 5-10 years, but after that I suspect a really big change is on the horizon.

 

I'm not smart enough to know what impact the long term big increase in electric cars will have on the collectible car market of cars with combustion engines, but I do agree that electric cars are a massive game changer. The cars are great to drive and my favourite fact is that to fully charge a Tesla and give it the range equivalent to a tank of gas currently cost $4 if you are paying retail by plugging your car into your home electricity supply. I'm sorry let me say that again, a tank of gas equivalent for a Tesla cost FOUR dollars. That is not a typo.

 

You should see what advances they have done to electric motorcycles thes days. They are now right up there with petrol bikes, and look as good as Ducatis and MVs. Google and YouTube "mission motorcycles".

 

The internal combustion engine does not seem like a dinosaur, it IS a dinosaur. Let's all stipulate to that right now. This is 1800s technology. Sure, it's been refined a million times since then but it's still a design concept from more than a century ago.

That has nothing to do with the collector car market and, I would wager, it will be a good day for the world, the earth and the collector car market when 99% of the world is commuting to work in electric and hydrogen-powered appliances and not burning fossil fuels. Let's face it, most cars today are appliances not unlike a fridge or microwave: it serves a purpose, it wears out, you replace it. No soul, no real design aesthetic, no passion.

This will only elevate the collector car market and the best of the best -- The Daytonas, E-Type Jags, etc -- will benefit from the day when fossil fuels will only be used for older vehicles.

ketel

 

US oil will dictate where we go and when not technology

 

I don't think that's entirely true. People and there $s will.
Take the electric motorcycle I posted about earlier, I would buy one over a petrol bike any day, and no doubt will when they are on sale in Europe. Talking to my other mates with motorcycles they would to.
It could well be down to if the manufacturers make cars that the people want to buy and have to have, not oil company's IMO. That's unless they buy up all the electric car & bike rights and stick them in a volt.

 

I am in SoCal, range on electric is a huge issue. Even the Tesla wont fit our personal needs. Electric bike, not for me I am an old bike racer nothing but high octane or nitro LOL

Electric will get a market share for sure in city, I actually think big cities should not allow anything but electric or hydrogen in the city limits. Park your gas hog outside and scoot in

 

Yes I respect that I hear Socal is the place to know about electric cars and all.
Also I have been going to the Isle of man TT for 25 years, in fact I leave out next Wednesday for the TT next week for big balls racing
I remember 4 years ago when the electric motorcycles made there debut at the TT, we all laughed and said this will never catch on.
We're not laughing now, even top riders are lining up to ride them. Come over mate and I will buy an old racer a beer, or you can buy me one

 

And even if there is no more gas being made you could make alcohol in your bathtub and convert your otto cycle engine to burn it with very little loss of originality like putting seatbelts in a pre-1960's car. The engine as we know it will never really die.