355 values - I just don't get it

That's also why these cars are owned by DIYers. For example, it cost me $1100 to put new cats on my car when I got it to get through CT emissions. I'm sure you paid a lot more. Clutch, flywheel, headers, interior, if it needs them I'll do it. But if I depress the clutch and I can shift gears, and the clutch doesn't slip, if a shop told me I need a clutch I'd say, No thank you. These cars really aren't that difficult to work on except for the engine out. It would be nice if it was possible to find a shop that would take the engine out, charge per day for space, let the owner work on his car, and then put the engine back in for him. My 308, one the other hand, in 32 years I've spent less that 1/4 of what you claimed to have spent in 8.

 

These posts about costs are useless without saying how many miles you have driven. When someone posts I have owned my care for ten years and only spent $10000 on maintenance doesn't mean much without saying how many miles you put on the car in those ten years. Or I still have the original clutch, tensioner, bearings etc without knowing the miles.

 

Well the other way of looking at it is the BMW is more reliable out of the box. How many miles have you put on your Ferrari and how much was spent by the previous owner? What would you think of your BMW if after 25,000 miles you needed to replace the headers, cats, guides, most of the interior switch gear, possible dash leather. I don't think this scenario is too uncommon with 355s. I agree majors every 15000 is a joke. I have done mine every 25-30000 miles and the belts always look great. Problem with these cars is when the engine is out how far do you go. You say why replace the water pump or bearings or tensioners if they are ok. What happens if they fail 2000 miles after the engine out and you have to pull the engine to replace any of these? Would you be pissed at the dealer for not doing it during the previous engine out? It is not like the engine is right in front of you like a a Chevy or Ford when no big deal to replace any of these parts with the engine in. I am not bad mouthing the F355. It is a fantastic car. I still own it after almost 18 years and just under 60,000 miles and will continue to own it. But chances a 125,000 miles on a F355 the engine would have been rebuilt, possibly the trans, one or two clutches, one or two water pumps, wheel bearings, steering rack, alternator, starter etc. If you just look at what crank and rod bearings even from Ferrparts is @ $3500 just for bearings. So possible in those 125000 miles you spent $40 to $50,000 or more.

 

I think the more miles you drive the lower your cost per mile. At least this has been my experience.
That being said if you drove 15k miles a year you would spend more for sure.

 

After 11 pages of this thread, the bottom line is:

if the 355 is the car that truly turns you on, you can either afford it, choose to find a way to afford it, or you can’t afford it.

 

Amen

 

Skippr1999 - Winner Winner Chicken Dinner!!! Exactly!!!!!!


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Agreed
Not sure who would buy a Ferrari without being able too afford it.
If you can not afford it buy something else that is cheaper and likely has more performance.
Yes its not a Ferrari but of you can not afford it you will not enjoy it.
I can not immagine the stress associated with being worried all the time.

 

Well, that's obvious. That also goes for buying a house, a computer, having a kid, getting a dog, or starting a business.

At issue is what the actual cost might be. A newly-purchased house might cost you $1200 the first year. Might cost you $50,000. Depends on the house. And until you can estimate what the costs could be... you don't know if you can afford it, do you? Unless your bank account has several Zeros behind the first number.

And there's no such thing as a free dog, btw.

 

If you dont have the cash you likely can not afford it. If you do have the cash then anything that went wrong you could likely afford to fix it.

 

I think we have said this many many times budget 10k every 5 years and this does not include known major problems.
Valve guides and headers being most of them.

 

What’s our next obsessive topic going to be ?

Those one’s beat to death

 

I was thinking about that. Epic 11 pages.

 

The 355 is by far the most beautiful ferrari per dollar in existence


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I paid for my Ferrari (and, for the past few years - everything) with cash, but some with far more money than I choose to finance to keep liquidity in other areas. I don't care for financing myself, but ... well, their money, their financial plan, their informed decision.

Erm... no. The fact you can afford to pay cash for a car doesn't mean you also have $10-40K on standby for unexpected repairs. One can advise that you should, but that's a completely different issue.

It's those major problems - actually, the cost of them - that you need to be concerned with. And as such, affects the perceived value of any car.

 

[QUOTE
Erm... no. The fact you can afford to pay cash for a car doesn't mean you also have $10-40K on standby for unexpected repairs. One can advise that you should, but that's a completely different issue.
It's those major problems - actually, the cost of them - that you need to be concerned with. And as such, affects the perceived value of any car.[/QUOTE]

Ah yes it does
All the major problems are well documented so you can search for those. Not that bad in comparison to cost of a decent car.
Where you are correct is if you buy a 10k dollar 355 then likely it will cost you more.

 

But if I can afford to pay $10K for a 355, I can obviously afford to pay $80K to restore it right? I'll just use that stack of free money that comes in the toolkit.

Assuming the previous owner is including the toolkit, still filled with money wrapped in the original Cavallino straps.

 

Your smarter than I thought

 

Being single this is NOT an issue
The 5 digit Ferrari fund is healthy, the mind always says ......GO FOR IT you only live one time.

 

I sold my house in 1997 to buy my 87’ 328, so I consider myself a responsible financial investor.
Lost money on the 328, looking forward to loosing even more with the 355

 

I predict that 355 values will go down in 2018.

Happy New Year.

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well the way I see it, as a result of this thread,



Don't get all worked up guys. Just a little New Years fun.