HELP PPI Report For 355 Spider I was Looking at Buying.

Already showed that the car was supposedly sold twice on ebay for $35k then $36k. I'm thinking the sales fell through after the buyer looked at the car.

What do I think? Said it before. Walk away. Better cars around for what you would have to put into this car, total. There is nothing that would lead me to make an offer on this car. Well, maybe $15k to use as a part car. Well, no.

 

I love cars like this, working on then is most of the ownership enjoyment for me.
Bring them back to their glory days, pass them on.
It's not about the money it's the challenge and respect for them.

Folks need to look at these cars in a different way to truly appreciate them

I think she's beautiful

 

Why in the world would you bid on a car thru ebay? Ebay is a great marketing tool to reach a broad area. Next time you see a car you like on ebay, contact the seller and do the deal outside ebay - that's what 99% of people do.

 

If you bid on the car, and yours was the highest bid, you need to stand by your offer. Trying to transfer the responsibility to the seller by saying "It was misrepresented" holds no water, especially when you consider the time allowed for inspections, etc.
Man up. If it was a mistake, it's yours.

 

WOW what was the winning price?

 

You bought the car on eBay then you came on here and asked what it's worth? Well this thread was a total waste of my time. Thank you.

 

If you won it for $36K you need to really pay the man. This is a great price for the car, regardless of what you think may be wrong with it. Everything can be repaired, and you can do much of it yourself, or with friends. The parts, as we have shown on these boards, are available and not ridiculously expensive if you shop well.

The rust doesn't concern me given where it is. My 348SS sills looked like that, so did goth's 355 Spider sills but a few new parts later and voila, new again. Accusations of flooding should be done only after a thorough inspection which no one here has done. There are many tell tale signs of that and the sills alone are not it. Don't overreact. Use your common sense. Do the PPI, esp. for the leak down and headers because these are really $$$ to address. Still, a sub $40K 355 spider that seems to run fine looks like a pretty smoking deal to me.

 

My sills looked the same also and its a full life SoCal car

 

Ebay auto auctions are not binding.

 

that is correct.

 

Well then, just waffle away.

 

http://pages.ebay.com/help/policies/non-binding-bid.html

I learned something tonight.

 

The point John is making supports my point. Ebay motors charges a listing fee. They know most won't complete the transaction thru ebay. This is one reason the auction is not binding.

 

Wow! What a mess. The op bids on something he knows nothing about. Gets an FNA ppi vetted on Fchat by possible reading comprehension problems. Then the poor OP assumes guys (many 355 owners) sitting on a keyboard can spot flood damage and now the car is worthless. Wow! good job (especially the 355 owners) for further depressing 355 values. You can get a sense of car from pictures and a ppi but as Bruce said (another 348 guy who fixes a lot of 355's) you really need boots on the ground. Vince and I are not 355 owners but come from the cousin 348's. I have worked on too many 355's to count and over 30 years on Ferraris. I completely agree with Vince. $36k is a great price if all there is are the cosmetic and few mechanical issues listed especially if the OP is willing and capable of turning a wrench. Then 900 for CV joints becomes under 200 and a major becomes 1500 bucks. I would steal a 355 with good bones for $35k all day long. Only a major issue would make me change my mind.

 

That's funny FBB. You are in CA and the op is in MI , the car is in FL and he has some pictures that look like crap , a car fax that is three pages long, and no cc or leak down.

Now tell me, are you going to send 36k to FL for this car with those data points? Huh? Are you? I sure as heck wouldn't and if the OP passes on this thing because of the reality check he got here I would be thankful if I was him.

 

You're talking legal. I'm talking about giving your word. With so little intent on finishing the deal (faceless guys on the internet can talk you out of it), a non-performing bidder cheats all the serious buyers by getting involved in the bidding. It's also unfair to the seller.
Ebay has published some guidelines for bidding. Here what you're promising not to do:

Not allowed
Bidding without the intent of completing the purchase
Retracting a bid on an item that doesn't fall into a non-binding bid category
Backing out of the transaction due to buyer or seller remorse
Backing out of the transaction because buyers didn't place a high enough bid and the seller didn't add a reserve price
Stating in the listing that bidding could result in a binding obligation to complete the purchase

 

You are entitled to your incorrect opinion. First, I would never buy anything on eBay without boots on the ground. This means I would have run down there and looked at the thing myself. That is the primary issue to me. That said, once you won the auction, you can decide to buy it or not. Winning is not binding as was said before. You can always weasel out of the deal later if you get cold feet or something doesn't strike your fancy. But come on. THIS WAS A $36K 355 FERCRISSAKES!!!

I stand by my post, opinion and everything FBB wrote. Buy it, you ridiculous little man and use the Brotherhood to turn this "troll" into the magnificant car it could be. Otherwise just go buy what you want for 60K - a perfect low mileage driver with no issues.

Personally, I would have forked over the money in a heart beat even if it had engine needs because A) I am not afraid of that work and B) I got Stooge friends nearby who would bail my azz out if I got over my head. Yeah, I'm speaking to you FBB.

 

What is funny is how you and Dave do everything you can to brand me a hater of 355's yet seem to OK with 355 owners beating down a 355 with limited information (initially a ppi and some pictures). I'm saying give the car and chance and properly check it out. You can't do your due diligence only with a keyboard and an internet connection.

As to what I would do with my money read my quote again. I have removed some text to make it more readable and highlighted some key words. I hope that helps. :

 

C'mon Vince. If you were tryin' to weasel out on a $36k 355, your friends woulda just weaseled you back in! What're friends for if it ain't fer gettin' you in trouble and then out of it?

 

LOL......$14k!!! You really had the balls to offer $14k for a Spyder with under 30,000 miles! It would be worth that w/o an engine. Go get yourself a Honda Civic Si kid! What a joke! Your lucky his email was that civil. That's a clown offer!

 

Plenty of data was provided to obtain a fair estimate. One does not need to waste time if the car's story is apparent.

 

I had no idea all along that the op had bought the car on eBay. He was asking questions and posting pics and ppi as if it was just some car for sale. I reiterated a few times to him that he need a cc and ld and to have someone visually look at it on a lift.

My point is and was that committing to buy that car with the information provided here by the op was not a prudent idea. He kept asking what we thought it was worth and again my point was that there were unanswered questions and I personally wouldn't even venture a guess without those questions addressed.

This isn't an us vs them thing like you seem to want to turn it into. There are people in this thread , myself included, who have recently gone through the hunt and purchase of 355s with real money and are living with them now day in and day out. Those experiences are real and valuable.

If the op likes this car that much. Arrange a cc and ld test at an indi facility, buy a plane ticket and go see the car in person. That's what I did before putting my money out.

 

It certainly appears that the buyer intended to go through with the purchase, did a PPI, came here asking for advice based on the PPI, and found the results unacceptable. That's not buyer remorse. That's due diligence.

And buy the way, don't forget that this was the second time this car was "sold" on ebay. What happen to the first deal? Would seem that buyer backed out as well.