A 360 I have looked at................thoughts? I need some brain trust on this one. | Page 2 | FerrariChat

A 360 I have looked at................thoughts? I need some brain trust on this one.

Discussion in '360/430' started by PeterS, Nov 17, 2021.

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  1. patina

    patina Formula Junior

    Jul 9, 2005
    502
    Lake Norman, NC
    Did you go see the car?
     
  2. PeterS

    PeterS Four Time F1 World Champ
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    Jan 24, 2003
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    Waiting for the seller to get back to me, we have some logistics to work out. In short, I'm ready to pop for the PPI and book a flight. Cash is lined up so on my end, I'm good to go. The seller is apparently with his daughter who had a surgery so I guess he is busy multitasking at the moment. We'll see.
     
  3. Dewinator

    Dewinator F1 Veteran
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    Jun 22, 2017
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  4. PeterS

    PeterS Four Time F1 World Champ
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    Not any time soon. Is the delta price-wise roughly the same?

    Scenario:

    $80K 2002 360 F1
    $110K 2002 360 Gated

    If you drop (say) $25K for a top-notch conversion, do you now have a car that is worth what a like year and mileage gated 360 is selling for?
     
  5. Dewinator

    Dewinator F1 Veteran
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    Jun 22, 2017
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    I dunno what resale is like for a converted but the gated is easily worth the extra premium!
     
  6. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    Greg Calo
    My initial question is where does one find a factory 2002 gated 6 speed for $110,000.00

    I see the pricing quite a bit above that figure
     
  7. PeterS

    PeterS Four Time F1 World Champ
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    I just threw out a number. F1 or gated, all prices are going stupid bozo and I'm not convinced that if the economy takes a heavy dump that prices would reflect it. In short, buyers with the cash now will still be around with the same cash when things go south. Yes? No?
     
  8. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    yes prices are quite crazy no make that insane, and what's worse is the money some vehicles brought in during the August sales in Monterey!

    I am stunned.

    And this is why I am not so sure the market will dump. There does not seem to be a slow down in pricing since there are resulting sales.

    For certain those with cash are always around, and they can benefit if market drops.
     
  9. PeterS

    PeterS Four Time F1 World Champ
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    Jan 24, 2003
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    $80K Mondial's with 65K miles soon?
     
  10. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    how about a 2006 430 spider 6 speed with 11K miles now at $255K and 2 days to go on BAT

    is that what is commonly called "insane"!!!
     
    FerrfanFL likes this.
  11. DBomb117

    DBomb117 Formula Junior

    Jun 20, 2019
    285
    Connecticut
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    Dimitriy
    Yeah i think gated 360s are much closer to $150k now unless the they are VERY high mileage (50-60k miles and those are still $100k+)
     
  12. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    it appears that all 6 speeds regardless of mileage have increased in value
     
  13. FerrfanFL

    FerrfanFL Formula 3
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    Feb 8, 2021
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    absolutely. yellow spider sold two weeks ago for 145K. The silver one before that sold for same price.....imagine what a Rosso one would sell for......
    if you find a gated 360 for 110K it needs a lot of work, has a salvage title or is a high mileage converted car IMO....Real stick cars are considerably more than 110....
     
  14. FerrfanFL

    FerrfanFL Formula 3
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    it is high, but its the last model year for a stick. It's a nero car which is sought after...has the challenge wheels, etc....I can't stand the seats, but that's just me....
     
  15. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    a scary situation for sure but the short supply has obviously increased the demand
     
  16. EastMemphis

    EastMemphis Formula 3
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    May 25, 2019
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    Not scary to me!

    Gated 360 Spider in Azzurro California / Crema (19k miles)
    Image Unavailable, Please Login
     
    DBomb117, cwilson13 and KC360 FL like this.
  17. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    nothing scary about that

    where's the hardtop though?
     
  18. PeterS

    PeterS Four Time F1 World Champ
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    So owners seeing this are simply deciding to hold on and see where the ceiling is. I get that. Back to my question, $80K Mondial's with 65K miles soon? Nothing will surprise me in this market right now!
     
  19. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    very possible

    15 years ago a nice 330 was $60K

    now they are way over $200K

    Mondials are next
     
  20. PeterS

    PeterS Four Time F1 World Champ
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    I think that is a car to start snapping up!
     
  21. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    no doubt if one can be found at a decent price.

    I remember the 2006 Concorso. There were about 6 of them there

    A few were for sale around $60K!
     
  22. PeterS

    PeterS Four Time F1 World Champ
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    I have paid attention to a couple of the latest Mondial SOLD prices on BAT. Unreal!
     
  23. GCalo

    GCalo F1 Veteran

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    And it will continue as long as there are buyers willing to pay
     
  24. PeterS

    PeterS Four Time F1 World Champ
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    Here is a thought: The economy gets really crappy Interest rates are at 6% for a home loan and gas in SF is $10.50 a gallon. Those who may have been in the market to drop (say) $175K - $300K on an exotic may just start scouting out lower-priced exotics to feed their passion and save a few bucks. i.e.: The market sees a crazy spike for 328's and 360's.
     
  25. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    I doubt gas will hit $10.00 and for certain mortgage rates will not get even close to 6%

    will we each then have to pay FC $1,000.00/month for access too!

    This sounds like doomsday
     

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