I personally don't carry agreed value insurance on my cars so I look, on occasion, at what 355s are being valued post accident. Here are a couple: Image Unavailable, Please Login 1997 GTS unknown miles. $86.3k Image Unavailable, Please Login 1999 GTB 18k miles, Roll over. $121k Image Unavailable, Please Login 1999 GTB 75k miles, Engine fire. $82k For me, these values seem more than reasonable and I see no need to pay a premium for an agreed value policy, but that's just me.
Bummer - the 3rd one is Dennis's (The Outcast) former car. John - this horse was bead to death not long ago...my $130K agreed value policy costs me like 10% more than my prior policy
I just wanted to post the pretty pictures. Aren't all Ferraris dead horses? For me, in CT Hagerty was over 6 to 7 times what I pay for an agreed value consistent with spider ACVs. Grundy was 1/2 of Hagerty and American Collectors was about the same as Grundy. Plus the usage limitations, in ability to reduce coverage when in storage...... Example: Comp on my 355 is $23. On the 308 it's $25.
A couple of spiders for you. These are from 2016. Image Unavailable, Please Login 1998 Spider, 38k miles. A pretty poorly kept car with leather pulling away from center dash vent. $68.5K Image Unavailable, Please Login 1997 spider, 31k miles. $102k.
How are you obtaining the pay out information? I'd be interested to see what 360's are obtaining since I have agreed value on my policy.
The first car sure looks like the 355 that was involved in the LA crash where the driver was killed and the passenger (professional golfer Bill Haas) was injured... http://losangeles.cbslocal.com/2018/02/14/bill-haas-luke-wilson-fatal-crash/
Currently only 1 360 listed. 2003 Modena F1, 50k miles ACV $81k. One reason I post this stuff is because I believe it give a more realistic value of these cars that asking prices on the web.
Wow I wonder if that's my old car? Would be interested to know if this was its fate.............ugh edit: Phew not my car.... kinda surprised that there was another 99 GTB in this color combo with that many miles on it and the VIN is only 2 digits different
I believe he is taking the values from Copart's site, that doesn't necessarily mean that was the payout amount though. I think they make those numbers up because they're always way higher than what the car would be worth.
Shocked at the price difference between these two. Do they really check the condition of the car that closely before payout? What if its a fire or something that would wreck the interior?
I’ll be bidding hard on both the silver cars when they come up for auction. I’m working on going full time with the Ferrari dismantling specializing in 348 355 and 360. I just got well funded and have a pile up cash burning a whole in my pockets to by inventory.
My experience with my BMW a couple of years back is they look at everything they can to determine condition and options. And also will allow for recent work/repairs done if you can validate.
Cause apparently a little shrinking of the leather around the dash cost about $30k to fix. It bugs me when people automatically assume the car as a whole is in poor, abused, dilapidated, condition just because the of a small leather issue. hmm, maybe that explains why cars from cloudy places like Seattle are mechanically superior to all the beat ones from AZ, and Florida lol
There appeared to be a lot more than dash shrinkage with that car. It did not appear well kept in the rest of the photos. And FWIW, if the owner got ACV and wasn't happy with the $68.5k number he should have been able to appealed it. The other car may also have just had a major and insurance evaluations will consider recent major repairs/maintenance in the appraisal, just like asking prices consider recent service.
Dang, those are some pretty strong numbers. Thanks Johnk for posting. Do you know that these were the actual payout numbers on the car and that the policies were not agreed value policies? I might drive too careful!
most of the time the amounts that you see on copart and iaai as stated value are accurate. my lotus got totaled out like 6 yrs ago and the value copart put on their site was the exact amount that my insurance paid me. My 05 vette just got totaled last yr and iaai put the exact amount my insurance paid out as the value as well. if its coming from the insurance company then those values are usually the amount that was paid out. which is what the insurance feels is the market value plus the dmv fees and taxes on the amount paid.
Wow I thought I was going to bid strong on these cars but the engine burn car is pre bid to $23,525 already. 75k miles and red interior, come on who’s really bidding that high. I’m putting my money on an F430, something that will have some room to make a profit.
