First I love my car and lament daily whether I should sell or keep it. It does have a full service history. The PDR thing is just something I haven't gotten around to and is minor. The A/C has been serviced twice ($800) and there is never anything wrong with it so I'm basically told they'd love to fix it but there's nothing to fix. I charged it myself with a cheesy home kit and believe it or not its been working lately. I dumped $4500 into diagnosing and fixing my F1 shifting issue which finally involved a hill engineering throwout bearing, gear position sensor, full fluid change, clutch re-learn etc. The car has shifted flawlessly ever since. I changed all of the O2 sensors which has kept the CEL lights off. $1200 for new tires. As far as the seat goes only the up down portion doesn't work. I've removed the seat myself and there doesn't seem to be anyway to service the switch and I haven't found a shop or part or instruction or anything that would point the way as to how to fix that. Its appears you'd literally have to cut the switch out of the seat but again I'm not an upholstery expert but it appears thats the only way to fix it. Oil was changed last summer $300 but I lost that particular invoice. I do care for this car but like a lot of owners when the "big" service approaches you wonder how much you should spend for a car that is depreciating so rapidly.
I'm new... so forgive my lack of sympathy. I am currently shopping for a 360 and could care less about the "premium" for 6 speed gated. Have you seen traffic in Atlanta? I would rather not have to use my left foot constantly and be able to cruise in auto. With that said. I think it'should crazy that people are willing to ask so much more for a gated 6 speed. But the world of Ferrari isn't known for being reasonable to begin with. I intend to drive the car I get. I feel that cars really are meant to be driven. Enjoyed for the works of technical masterpieces that they are. When I look a and ad for a 360, there is a wide range to choose from. I personally like a vehicle with between twenty and forty Thousand Miles one that has been driven regularly and not just sitting there rotting. I have looked into the servicing side of these vehicles and think it is a regular expense that should be expected by a person owning a vehicle. Far too often I'm finding cars for sale needing major service work or that have major issues associated with the vehicles. I feel as a seller of one of these cars you should take into account the future buyer and not trying to screw him or her over by not having a car that will function properly as it should. If you would not hop in the car and drive it 300 to 600 miles without much more then you need to fix those problems in my opinion. Minor issues such as Paint Trim little stuff like that are not necessary to the functionality and safety of the vehicle. After all these are just cars and need to be safe for the future people owning them. Maintenance is just part of it. As far as service records many of you have a complete listing for the day rolled off the factory which is awesome, but the recent maintenance and older repairs showing major issues corrected should be the only concern of a future buyer. I could care less to see if your oil was changed at 5000 Miles when the car has 38,000 on it. As a used car buyer I'm expecting a not perfect car so move you treat these like pieces of jewelry that should be admired and looked at instead of used and enjoyed to me that's a waste of your life. As far as pricing I've been offered several cars with F1 Transmissions ranging from $50,000 lower than that up to an above 70K on a regular basis. Usually these cars are pre 2002 and some of them have minor issues. However there have been a few exceptional deals on 2002 or newer vehicles I just haven't passed the PPI. Again if you're a seller of one of these vehicles take into account the new owner. Why would somebody want to pay 50 to 75 or $80,000 for a vehicle they have to dump potentially 6 to 20,000 into it immediately? I truly feel the bottom of the market for these F1 Transmissions are in the 50k range. It is true these cars for more mass produced in previous versions of Ferraris therefore they should be cheaper in the long run and not as collectible. They are cars, all cars depreciate... it's a fact just get used to it. As for now my search continues until I find the car that will become my cherished daily driver. Maybe then, I will change my mind as some of you perhaps have. Just my two cents....
When a buyer hears things like " there doesn't seem to be a way to fix it" and " the dealer couldn't figure it out but it seems to be working for now", he doesn't think to himself "oh well, I'll pay market value for it and keep my fingers crossed that everything will be ok"....he thinks..."oh crap, this stuff could get expensive, and add in the major service, and I could be looking at a $10 k invoice." Nothing's worse than gremlins that are hard to figure out or hard to resolve. Not a headache a first time Ferrari buyer wants. The best thing that could happen for you is if a buyer with lots of experience in fcars, who has a good mechanic, comes along and takes interest in your car. Unfortunately 360 f1 s attract a lot of nervous first timers. The more items outstanding from maintenance, the more a buyer will wonder what's down the rabbit hole that even the current owner is afraid of? It may. It be true, but buyers are rightfully skeptical of stranger bearing used cars. And I get your desire to wash your hands of a potential money pit at this point. But why would a buyer want to take that on in your place? Essentially, you're betting against your own car and expecting a stranger to bet for it. That's pretty hopeful. I'd pony up and clear that to-do list
I have to disagree with your conclusions. Why is your car ownership experience my issue? If I am selling and you are buying we both have a choice. You either like and buy my car or you don't. If you don't like my offering, no reasonable amount of discount or investment on my part will get you to buy my car. If you sit on the sidelines long enough I am sure there are examples that will fall to 50K and maybe less. They won't be the great cars but there will be examples out there. We are already hitting the point where cars are separated by maintenance and condition; that drives prices far more than anything else. You can see the effect more prominently in the older models. That leaves you with a choice: do I get a car and enjoy it OR do I wait and sit on the sidelines hoping for a bargain. I find those that wait rarely make the move because the gap starts to widen between the poor and good cars. You are welcome to spend your time waiting on 'the' car. I personally prefer to get a car and enjoy it (I have had my car over 10 years). When I am ready to move on I will sell it and get something else (or add a 2nd car).
You really think the F1 is going to be any better in heavy traffic? Just wait grasshopper... There is nothing "reasonable" about the exotic market. Nothing whatsoever. Nobody should spend 6 figures on a car that gets from point A to point B like a Prius does. The difference is the experience is gives the driver. I maintain that people buy a Ferrari for the "experience". For some, that entails buying it and keeping it in the garage and telling everyone "I own a Ferrari" or "My Ferrari...". Others buy the car for the driving experience with everyone taking pictures, again "Look at my Ferrari". yet others drive the car and perhaps don't care as much about the elite experience. For these folks Paddles will do it or the 3-Pedal will do it. As it is, the new Ferrari market preferred to buy the F1. Thus, those that prefer the 3-pedal experience don't have as many cars to choose from. The bottom line is, if someone WANTS the 3-Pedal experience.. the word is out. They're going to have to pay more. Simple supply and demand at this point. Buying experience is also variable. When I bought mine, the only question I cared about was "does it drive?". Others want their car to be more "perfect". Thus they have more criteria when they buy. Both are equally valid IMHO...
I let a friend of mine drive my F1 yesterday, he owns a M4 He fell in love with the "experience", the feeling, the steering, the "go kart", etc etc vs his electronically driven bimmer. The ferrari experience is something different, the rawness, the sound, the sensation of speed. Modern paddle shifters transmission feel more like automatics, the "archaic" F1 feels raw, it hits you in the back when you shift and the sound it does when you downshift is amazing. I love my F1 because it is a blast to drive in back roads but I am a huge advocate of 3 pedal cars. Sent from my iPhone using Tapatalk
Yep, if you drive in traffic, the F1 is terrible. The F1 is best for things like a canyon cruise or the racetrack where the car never has to stop. If you are going to drive in traffic and you don't want to pay the premium for a 360 manual (which is perfectly understandable), look at a Gallardo or 911 in manual.
I frequently drive my car in traffic. I drive to SF pretty often and even drive it in the city. OK, the hills are tough some times so plan your routes. BUT, the clutch isn't difficult at all and you will still go over 40K miles on a clutch if you are careful at all. That isn't to say that it isn't great on a sprited blast.
The value of 360s is not as dire as some have stated. As a data point, I just sold my 2000 360, with 31,000 mi, for $72,500 (within a week of placing an ad on Autotrader). As it gets closer to the prime driving season, I think prices across the board will continue to increase. Never underestimate the value of complete service records and having all maintenance up to date & fully documented! I'm thinking of a California for a few years as my 'gap' vehicle until the 458s drop a bit more. Thx for all your advice during the last few years!! Sent from my iPhone using Tapatalk
no one knows where market prices will go. Otherwise everyone would have bought a 993 turbo 10 years ago and made a killing.
Actually it's yellow - definitely an attention grabber!! It's an F1, with a new pump & sensor. Sent from my iPhone using Tapatalk
I paid $57k for my 2000 f1 spider W 7500 miles, Red on black, dual power daytonas, shields, all tools and books, cover, fresh clutch ETC . It is nearly immaculate, use a PPI for leverage. The car needed a few cosmetic things pointed out in the PPI at a Ferrari dealer. They make it seem so much worse than it is usually.
You're being modest. People make their own "luck". He was in a bind, you had both the means and the balls to pounce on it. Lots of buyers rely solely on the PPI, but if you know cars you can spot good cars, Ferrari or not. A trained eye can spot which cars have been beat. Next, what I've found to be the very beneficial are service records, without them you have no way of knowing which time bombs are ticking. Neglect ALWAYS becomes apparent.
there is truth in what you say! I had to do a lot of my own digging, luckily the car was serviced from new where I had the PPI done. was able to get all records there. Ive been around cars and I could tell it was good.
So, in short, you found the unicorn. This is not the norm, others should not expect to find another one at $57K, more like in the $80s.
Yea, but make sure to tell that to all the speculators that troll this thread that believe our cars are now worth 50k. LOL To be honest, if I "stole" a 360 I sure wouldn't post that on a public forum to put ideas in people heads. I take that back...........owning one of these cars does not come without an "ownership tax", that's for sure!
Exactly, I had a PPI and it came out "good bill of health". My wallet on the other hand begs to differ.
In my experience in both buying and selling, most used parts seem to sit and then end up being offed for way less than expected. Used Ferrari parts is a weird market.
