Just Got Inspection Back On 355 Im Looking At..How Would You Proceed | FerrariChat

Just Got Inspection Back On 355 Im Looking At..How Would You Proceed

Discussion in '348/355' started by F355 Fan 82, Jun 7, 2017.

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  1. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    Im looking a nice 355 spider, and this is the inspection report, they're still trying to get me info on when the belt service was last done but it was less than 2000 miles ago but they dont know the date, so im assuming its past 3-4 years since they cant find it yet, if thats the case, does it 100% have to be done?

    This is the rest of the inspection

    After visual inspection, test drive and diagnostic scan with our computer, we have found the following.

    - Engine performance and mechanical condition of the engine from what we can see is excellent. Not a tick, knock, squeek coming from engine while we ran it. Very happy here. The engine oil is not only full, but so clean and humidity free. No water residue or staining at all on dip stick. The engine drive belts from what we can see are in new condition. So will assume timing belt was replaced. There is absolutely NO AREA of the engine that has any fluid leak or seepage what so ever. Amazing for a 20 year old Ferrari honestly. We seen 2 or 3 year old models that are truly very rough and neglected. Not the case here in my opinion.

    - All power components are working. Windows, seats, wipers, the convertible top, mirrors, lights all in good working condition. I don't have head unit to test audio system.

    - The AC is cooling but not cold. Might need an AC Service with some fresh freon gas.

    - Suspension components have all original markings from Ferrari. In our opinion seems to be all original. And nothing damaged or worn.

    - All 4 tires are in brand new condition with no cracks or worn areas.

    - Front and rear brakes have plenty of material. Car stops perfectly.

    - Car has after market sport exhaust installed. ( Rear muffler). No leaks or cracks.

    - Test drove car. Odometer works as expected. Have pictures of proof Felt very stable, engine pulled very well through power band.

    - Gear box shifted smooth with out grinding or notchy feel. Clutch release from pedal is high. Late clutch engagement. Which means the clutch disc material is worn out. And the clutch parts would need to get changed. Of course we can do this repair before car goes to California. Parts and labor for this repair is $ 2,720.00. And will have the car driving as in new condition. If we do the repair, I of course will wave the $400.00 inspection fee.

    - All in all we think a very good car for it's vintage.The cosmetic scrapes are a non issue which can be dealt with on a later date. Mechanically very strong. Clutch is a normal wear and tear item like brake and tires. The RED/TAN color combo very sharp. Original Ferrari colors.

    The front bumper also has some curb rash but nothing major

    Knowing all that, and knowing they're asking mid 70s for red/tan low mileage around 10k, what would you be offering or would you not even be interested?
     
  2. MAD828

    MAD828 F1 Rookie

    Oct 8, 2011
    2,639
    Sydney
    Full Name:
    Elliott Caras
    Is that the entirety of the PPI report? I'm not one to talk as I purchased my car without any PPI or test drive, but for $400 dollars inspection I'd want something more comprehensive than that, I mean you could have had a owner with experience drive it and check it over for a beer and have more info than that. Compression and leak down for a start are one of the main concerns and there is no mention of these. My tires looked new too but were 8 years old, no mention of date codes on tires or any real specifics.

    Take a punt and purchase if your feeling lucky or get a more detailed PPI for peice of mind.

    That clutch change price seems cheap too, must be just a clutch disc change and not much else as my parts for a proper job and refresh of the clutch was closer to 5k without labour.
     
  3. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,376
    Eastdown
    Full Name:
    Darius
    From the clutch paragraph, it sounds like the selling dealer did the report? I would be wary of a report that wasn't independent. I have never heard an independent report using the words 'will have the car driving in as new condition' , that's dealer speak. As is the use of the word 'amazing'.

    It sounds like the inspector is also the vendor, in other words, and while they may be honest and correct, a more expensive proper independent inspection will set your mind much more at ease, although nothing is infallible.
     
  4. johnk...

    johnk... F1 World Champ
    Owner

    Jun 11, 2004
    11,278
    CT
    Full Name:
    John Kreskovsky
    #4 johnk..., Jun 7, 2017
    Last edited: Jun 7, 2017
    It's a hydraulic, self adjusting clutch and there is no pedal adjustment required. You can not tell the condition of the clutch by the pedal position.
     
  5. Kaivball

    Kaivball Three Time F1 World Champ
    Owner

    Jan 11, 2007
    35,997
    Kalifornia
    They should have done compression testing.

    Kai
     
  6. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,359
    Kzoo Michigan
    #6 phrogs, Jun 7, 2017
    Last edited: Jun 7, 2017
    Sounds like smoke being blown to me in anlot of the explinations, tryimg to eas your mind, not really an inspection report and more of s makemyou feel warm and fuxzy.


    Who did n the inspection and who owns it?


    Belt service is up to you really, some people even go 10 years! Acording to ferrari it's due but really a 30k service is a over glorified tune up. If it wasn't for the stupid timing belts and besring design it would be a non issue. (It's like they designed it just to work on it at the dealer haha of course they did!)

    Not everything just leaks oil but a nice pressure washing can take care of that evidence for an "inspection" then later after you drive it something leaks who you going to ***** to?

    10k miles means it's sat for most of its life. Nothing should be leaking.

    Scrapes on the front bumper are never minor they are just out of sight out of mind.

    Me I'd never buy a convertible unless it was to fix and flip.

    no compression test?

    The exhaust manifolds are where the problems are not the exhaust muffler.

    Sounds like they want a premium for a car with needs.
    2hat about paint work? Paint meter readings? For 400 I'd expect that.

    $400 for this is a joke for this report.

    Also be known that some places don't do pps anymore because they can't find everything and even years later when something happens people want to know why they didn't find it.
     
  7. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    Thanks for the replies guys. Basically here is what happened, I've never owned a ferrari so this would be my first one. I've had SL55,SL65, Porsche Turbo,Porsche GT3, etc. The 355 was my dream car when I was a teen, specifically a red 355 spider. I just sold my 2014 GT3 and have an S63 couple I DD, so I wanted a nice weekend car and began looking for a 355 spider.

    So I found this one, and I call the dealer. The dealer is a reputable dealer, all the reviews online are great and they've been in business for decades. The owner spoke with me, super nice guy and I ask him if it would be ok to get a PPI done at a local ferrari dealer before he ships it to me if I buy it and he tells me that someone actually recently had a PPI done on the car and passed on it and he would be passing on the report to me via email.

    So then I get that email, I copy and pasted it straight onto this forum to see what you guys thought of it. Honestly had tons of sports cars, never a ferrari, all have been under warranty, this one wouldn't. Im fine spending $10-15k on services if need be, its just my dream car and I've always wanted it.

    I just don't know how to proceed on an offer with all this info in mind. I know reading this forum for years, that 3-5 years it needs timing belts, this dealer told me he's been selling these for years and this one the belts have less than 2000 miles and the car does not need them even if its past 3 years. I really like the car, Id like it more for $60-65k but i doubt thats doable, he wants closer to $80k and it seems to need a clutch + possibly an engine out service + a front bumper to be repainted + the buttons inside are sticky. So with all that said, is it something you'd pass on or would you make an offer still and if so what would that offer be?
     
  8. SoCal1

    SoCal1 F1 Veteran
    Owner

    Jun 14, 2011
    8,636
    SoCal LA/OC/New Mexico
    Full Name:
    Tim Dee
  9. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    Thats a nice car, and it is close, but this one is red/tan and has 13,000 less miles and is around the same price. So wouldn't the red/tan + low mileage make it a better buy if everything was ok?
     
  10. Challenge

    Challenge Formula 3

    Sep 27, 2002
    2,025
    PA
    Full Name:
    Kevin
    If they don't know when the last major was done, how do they know how many miles ago it was done? Who did it? Fishy.
     
  11. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,329
    Palos Verdes
    Full Name:
    Vince V
  12. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
    6,097
    Bugtussle
    I'm not a 355 owner so this is just from a general automotive perspective:

    I don't have that much of a problem with the inspection report as long as it was accompanied by a copious amount of pics, although I absolutely agree that $400 should have include a compression test and more detailed info on items like the headers, wheel bearings, panel alignment, specifics of paint condition, etc. That said, who cares since you didn't pay for it. You can always have another PPI done at your expense if you so choose.

    The items of concern are common. Absolutely nothing out of the ordinary and nothing to worry about. Some might see the need for a belt service as an opportunity to make certain everything was done to their own satisfaction instead of relying on someone else's choice of mechanic.

    The big problem I see is that he wants too much for the car. I didn't notice a mention of mileage but for that money for a Spider I'd want a low mileage car that needs little to nothing and has good records. IMO, Spiders are worth less than Berlinettas and there are usually enough of them for sale that I'd thnk one could be had for a better price if you bide your time.

    If you like the car and are worried, get a more comprehensive PPI done. So far I haven't heard anything that'd scare me away from buying the car but I wouldn't pay that price for it.
     
  13. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    It is a nice car, im not in california, the reason it says that is because i copied and pasted the email from the first PPI the dealer sent me, so I think the guy who had it done lives in california and passed. Im actually in miami.
     
  14. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    I would not buy the red/tan 355 without a real PPI. The "PPI" that you posted is silly. It states that with a visual inspection of drive belts looking so new, it is assumed that the timing belts were replaced. Umm, OK.

    Furthermore, if any owner paid for an engine out service, don't we all agree that the invoice would be tucked away safely in the car somewhere ? I know mine is. Even on a daily driver where my wife and kid drive the car I keep my invoices.

    Lastly, a compression test is mandatory. If it has low compression in any cylinder you could get a leak down test done, but regardless it's going to be a big $$$$$ repair.

    Here is my best advice: you have owned some nice cars in the past. F Cars cause a lot of emotion. I would put the emotion away and go back to sound basics. You clearly like this car a lot. Pay for a proper PPI and if it checks out, then pull the trigger. Anything short is pure guess work and gambling. That is just not me, I like to control the controlables, but everyone is different.

    Hope this helps. Good luck and enjoy.
     
  15. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    Oh, one other thing: that "PPI" reminds me of an invoice for a 355 that I almost bought. I ended up buying another 355, Thank goodness.

    Anyway, the invoice for the engine out service said they used 30 weight conventional oil. Umm, OK.

    Best part yet, timing belt replacement was listed at 1.5 hours labor. LOL it's a 355, not a Honda.

    The assumption that the car was services shouldn't be: yeah I think it's been done (and I will ask top dollar).

    Do like all the car dealers do. Take the fair price and chisel away at all the things that are wrong with the car. You said sticky interior, plus no engine out service. List price minus just those two items put you at way less than their asking price.

    I personally think they can sucker you. Emotions are a "B". They can probably smell that. Do the right thing and get a PPI.

    OK, I will stop now. Hope this helps.
     
  16. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Another thing, don't brush off a weak a/c system, especially since you're in Miami.

    The problem could be that the R-134a eventually permeates through the original hoses (if converted), and thus needs a re-service. Or it's something else that'll require at least $3K worth of work from a reputable shop (seriously, don't even think about taking it anywhere less).

    Bottom line, you will be very unhappy owning a classic Ferrari, in Florida, without a/c (looking at your list: SL55,SL65, Porsche Turbo, Porsche GT3).
     
  17. drbob101

    drbob101 F1 Rookie
    Owner Silver Subscribed

    Nov 26, 2012
    3,821
    Tinton Falls, NJ
    Full Name:
    Bob Ferraris
    Disregard the negative spider comment. Irrelevant to the question posed by the OP.

    He's looking at a spider for a reason. He wants one
     
  18. taz355

    taz355 F1 Veteran
    Owner Silver Subscribed

    Feb 18, 2008
    6,059
    Indio Ca/ Alberta
    Full Name:
    Grant
    Thats what I thought.
     
  19. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
    6,097
    Bugtussle
    It's just not true.
     
  20. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
    6,097
    Bugtussle
    Pretty sure that car would have had 134a as a factory fill.

    +1000 on the need for working A/C, but that shouldn't be a big deal since the compressor is working. Refrigerant leaks are common and usually fairly easy to fix.
     
  21. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
    6,097
    Bugtussle
    If you boil it all down, this is the most important takeaway from this thread. If the seller isn't pretty darned negotiable the car isn't a very good deal even if all it needs is what you're assuming.

    BTW, meant to put this in my first post but without good documentation for the most recent major service just assume that it needs one and value the car accordingly. There is no such documentation for this example so deduct $7-10k right there.
     
  22. WATSON

    WATSON Two Time F1 World Champ
    Owner Rossa Subscribed

    Sep 9, 2010
    23,937
    WI
    Who did that PPI? The sellers mom? :)

    Compression numbers would be my first request.

    I trust they cycled that top a few times during the PPI. Troubleshooting that damn thing at $100 an hour can add up rather quickly.

    There is a sticky on a pre-purchase checklist. Might be worth a look.

    Welcome to the 355 world.
     
  23. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    Thank you for all the info guys, he emailed me back tonight that he's trying to get the info on the car. From what he told me, basically a competing dealer was going out of business and he bought all his inventory recently so he has this car and although he's sold others in the past this particular one he doesn't have every bit of information right now but he's trying to get it for me.

    I am going to ask him first if he would be agreeable on $60-65k and if he would, I would like to do a PPI at a local ferrari dealer, I dont know if he's trying to avoid that by telling me had the info from a recent PPI or what, but thats possibly the situation.

    I need to find the checklist sticky thread thank you so much for mentioning it.

    Im sure in the end ill regret it, but for me, living in miami, and having lost a fortune on depreciation on my 2 SL AMG's, I cried when I traded in my $200k SL65 for $46k, I feel like no amount of maintenance will stop me. It's funny when I say this but if I go to prime 112 or Milo's out here I will literally see countless 488's, 458's, Aventadors, they're everywhere but having a rare car like this is alot cooler to me at this stage. Hell I recently had dinner at Milo's and there were 2 pagani Huyara's, only in freaking miami, let me find the pic and ill post it
     
  24. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    If you ask for a PPI and the seller says no, I wouldn't walk away, I would run.

    The Dealer I bought my car from said hey no prob. Take the car anywhere you want. Literally, as in here's the keys, see you whenever. LOL
     
  25. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,317
    SoCal
    Side note on the pics your describing: I have been to Miami twice. Man do I love that place. The amount of beautiful cars and woman all in one condensed area, mind blowing. I can see why you would want that ride. Careful though, you don't want a $hitty one that will leave you stranded at the two hot spots you mentioned. That would be a real kick in the crotch and a buzz kill when your out on your date :-(
     

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