Thoughts on moving up to F430 from a MINT 308?

I think many enjoy the lack of maintenance as well as the added performance of the 430.

I am not interested in trading, but good luck with finding someone to do it.

 

probably the 308 sub forum would be better for discussing values of your car.

I have a soft spot for the 308 as it is THE Ferrari I knew and dreamed of when I was a child. But IMO if you can get an even trade for a decent 360 for your car, id jump on it.
a quick look at sold listings on ebay shows they are still going for 40-50k, which is still less than what 360s are going for. Find me a single non-wrecked 360 in that price range and I will wire the money today. Opportunistic asking prices hoping to ride the tail end of the wave of collector car frenzy, does not equate to true value appreciation. Value is not established until a trend of sales are realized, and I think buyers are now in control of the market again for all but the most extraordinary examples. But again, the guys in the 308 forum would be far more knowledgeable than I. Are 360s still depreciating as you say? Im not sure of that. I think the market is just soft right now, sellers haven't thrown in the towel yet. theres just a lot of uncertainty in the air right now (economically and politically), and some really exciting new performance cars on the market as well (hellcats, vipers, corvette, Porsche etc) so lots to choose from.


And unless you've got Tom Sellecks car, I think you've got a better chance of getting struck by lightning than getting a trade for a f430, no disrespect intended.

 

I don't think the 308 and 328 has much short-term upside at this point, more likely to correct in value - just IMO. Neither do I think the 360 is depreciating much further, unless you buy a low mile late stick at a notable premium (could also see some correction). I have a 328 as well as a few more current Ferraris - no doubt there is a huge difference in performance, maintenance, convenience, and practicality. On the other hand I think the 328 (308 by extension) is one of the prettiest Ferraris, and some of the other things are part of the charm Nothing like that smell of vintage cars and machinery

 

lol...different strokes, for different folks. I'm looking to move from a late model v8 to a 328

 

While you love driving an F430 the rest of your comments are more concerned about "depreciation" than acceleration. So what's it going to be? Are you in it for the driving thrills or saying that you own a "MINT 308"". No one knows what tomorrow will bring regarding 308 prices, F430 prices, or even you for that matter.

Personally, a mint 308 does nothing for me. However, my F430 spider gives me nothing but smiles. And if 46 other people tell you the same thing does it really matter to you? You want performance? It'll cost you. However, not getting what you really want will cost you too.

 

I just made the switch from a ’77 GTB to a 2002 360 Coupe w/ 6sp Manual.

I’ve been following the market for 308’s since I purchased mine in 2003. Yes, it was VERY flat for a long time and saw a good run up the last 18-months. However, prices have stalled, A LOT in the last 6-months. Everyone wanted to tell me what my car was worth, but no one wanted to pay me that much money for it. I did get good money for my car, it was about 15% below what everyone wanted to claim it was worth. So be careful about how you value your car. And no offense, the “i” cars are not worth what the early carb and QV cars are worth.

That being said, I was at the point where I was tired of the quirky nature of the car…let the carbs fill with gas before starting, let it warm up before it idles well, small oil leaks here and there, the never ending “restoration process”…it was hot in the summer and cold in the winter. It was noisy (not the engine, just the car was OLD), and my wife was not a big fan. She always felt like I smelled like gas when I was done driving it, and she was right. I was ready for a change so I made the choice to sell the old one and upgrade.

Not to get into a long story, I made a really good deal on a 2002 Grigio Allow 360 Coupe with a 6sp manual and 23,500 miles with good records. I had a PPI done and the shop found aging motor mounts and a bad AC compressor so I had those done before I purchased the car. As far as the new car, I FREAKING LOVE IT! Yes, a lot more power, better cornering, it starts every time I turn the key, exhaust is fantastic (it has a Capristo Stage 1) and it’s just a blast to drive. Very comfortable and roomy interior. Just a more modern car. I’ve put 800-miles on it the first two months I owned it and I use it A LOT more than the old car. My wife and I will take it to lunch on the weekends and then maybe run a few errands. Sure, I sometimes miss the lines of my old car, but I don’t miss the oldness of it at all.

As far as depreciation&#8230;I got a manual and those are worth more for some reason. I did get an offer to buy it, sight unseen, for more than I paid for it but not sure how serious it was. But I didn&#8217;t buy my old car as an investment nor did I buy this one as an investment. I&#8217;ve loved Ferrari&#8217;s since I was a kid and always wanted one. I got lucky, took advantage of the market to upgrade. That being said, 360 prices seemed to be holding as well for good cars with <30k miles. Obviously if you drive it a lot and the miles get up to 50K plus, the value will go down. That's just a fact of car ownership. Honestly, I don't care if my car is worth 2x what I paid for it or 10% of what I paid for it 10-years from now. It's a toy to be enjoyed and I plan to take good car of it, and drive it ... A LOT!

Just read the buyer&#8217;s guide, know the issues on the 430 (headers, sticky interior, motor and tranny mounts, maybe some other small ones..don&#8217;t know), get a good PPI done but know if you don&#8217;t do some of your own maintenance, the bills will be a lot larger than on your 308. The 10qt of Shell oil, filters, etc. are nearly 2x what I spent on the 308 and that&#8217;s just the parts. Total labor hours is more as well (my '77 was like a normal car, just drain and fill - the 360/430 you have to remove the under panel to change the oil and the rear bumper to change the tranny fluid).

 

360 depreciating? Dont know the US market but in Sweden then have gone up in price last couple of years.

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I sold my 77 GTB as the run up was getting going. 6 months later i purchased a recent major 360 Modena F1 (40K miles) that needed some work (leather, sticky, PS leak) and TLC for less money than the 308 selling price. I like working and tinkering on cars so this was a good deal for me.

I do not miss the 308 at all. Sure it was nice to look at and definitely a classic. The 360 is a modern car that will likely never be AS collectible as the GTB. But holy crap is it a lot more fun and user friendly! Like Sean F. I find myself taking the 360 much more often than I took the 308 - more comfortable, space for running (a few) errands, and my wife likes it a whole lot more. A weekend away in the 308 NEVER would have happened. We have done a few in the 360. I am not looking back.

Get the car that will make you happy and give you the most smiles/mile.

 

Hope you are not serious but I did it!!!

I bought my first used Ferrari 1980 308 GTSi in 1988 and drove it over 18k miles in 11 years I had so much fun until 1999 when I decided to try a newer Ferrari so I replaced it with a 1995 Ferrari F355 GTB and OMG the difference was day and night however I have always loved the body lines of 328 therefore in 2006 I bought a 1989 328 GTS and I have enjoyed driving it since. I hope you will find a nice 328 soon.

 

My advice probably won't help much, but.....

I have both a 328 and a 430, and wouldn't think of swapping one for the other. "Both" was the only answer that worked for me. They are such different cars, each with their own strong points, that an either or question just doesn't do it for me.

Yes, at one point I jokingly offered to trade my 328 for a mint condition CPO 430 in a fantastic color combo, but as soon as the words were out of my mouth I thought "Crap!! What if he says yes?"

So I waited, banked a couple more commission cheques, and then added a 430. Kept the 328. Planning to keep both for a very long time.

 

I agree. Try if at all possible to keep both.

Currently I have a 07 430 MT spider, a 12 458 italia.

The car I want next is a MT 355 spider. It's not all about performance. It's how you feel in the car.

Sounds like you need a track car however. The 430 and 458 are fantastic cars.

 

Very different cars with a shared lineage. I own a 328 and a 430 6mt. 430 gets more mileage. There is a directness with the 328 that is not matched by the 430. They are just different experiences.

 

we can talk value all day long... nothing is Worth more that someone is willing to pay.

best of luck with your choise!(whatever you decide)

// Fredrik

 

And how did this story end?

I am also sometimes thinking about selling my 308 GTB QV and getting an F430 F1, but I am afraid I will regret selling the 308
Anyone here that did something similar and is very happy with the decision? Or maybe regrets it?

 

As much as I love my 430, I wouldn't swap out a sorted 308 or 328 for one. I'm at the age where a 308 or white Testarossa would be my dream car, I just don't have the cajones to buy one knowing the cost of maintenance or what could go wrong.

 

Such different animals, like comparing a classic mustang and a new mustang, things will always get better.
keep the 308

 

There's no comparison: the F430. The 308 would be a luxury if you can keep it, but next to the F430 it's simply a novelty.

 

I bought a 430 two years ago, and I’d love a 308, ALSO


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Interesting to read back over this old thread. There is really no comparison between the 430 and the 308 - ultimately comes down to personal preference. 308 for me all day every day.

 

Comparing them is very difficult, but I think they are both very cool cars and the F430 is a successor to the 308 of course in the V8-lineup.
Thanks fore the responses, I need to decide for myself of course. I was hoping for 10 people that would say that they regretted buying an F430 and want their 308 back

I have not driven an F430 yet, so maybe I should do that to make the decision easier. I have driven a 458 though and other fast cars.

 

Two words:

Do it.