360 - How much is my 360 worth? | FerrariChat

360 How much is my 360 worth?

Discussion in '360/430' started by vinody545, Aug 16, 2024.

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  1. vinody545

    vinody545 Rookie

    Oct 17, 2019
    19
    I am trying to trade-in my 2004 6 speed gated 360 spider for a 458.
    Miles 14224
    Black/Tan
    Last service with dealership 6 months ago.
    Belt service and tires due coming december.
    Dealer quoted 105k.
    I thought the market has been good for gated cars.
    Can somebody advise?

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  2. FerrfanFL

    FerrfanFL Formula 3
    Rossa Subscribed

    Feb 8, 2021
    2,234
    Florida
    Full Name:
    Ara
    they said 105 cause they're gonna sell it for 135. your driver's side bolster needs some love for sure, but a black/tan gated 2004 is a NICE CAR. Elaborate on options and overall condition. Platino or driver? With your miles, i think it's worth more than 105 all day long. why are you getting out of it for a 458? curious. you got a gated Ferrari in a killer color combo. good luck with whatever you decide. love your color combo. i have a buddy i nick-named black/tan cause his vette is black/tan. haven't called him chuck in 15 years.
     
  3. iheartf430s

    iheartf430s Karting

    Feb 17, 2023
    205
    TN
    Full Name:
    Ed
    I agree. Looked at 360s and 430s for a solid year before buying my 430 and gated 360s carry a huge premium! Maybe try putting it on the classifieds on here. I can't imagine they you won't get MUCH more than 105k
     
  4. imahorse

    imahorse F1 Rookie
    Silver Subscribed

    Nov 25, 2017
    4,288
    WI
    Full Name:
    Dustin
  5. Marco91

    Marco91 Karting

    Mar 2, 2022
    164
    Italy
    Dealers aren't nonprofit organisations, they buy your car to sell it right after and of course there's a price to pay if you want to sell it immediately without dealing with time wasters and low ballers.

    Having said so, just sell it on your own if you have patience, you will definitely make more than that.
     
    SF_Racing likes this.
  6. vinody545

    vinody545 Rookie

    Oct 17, 2019
    19
    Thank you all for your replies.
     
  7. KC360 FL

    KC360 FL Formula 3

    Jun 20, 2017
    1,932
    Melbourne Florida
    Full Name:
    KGC
    First, negotiate with the 458 price. Then you can maybe reach a point at which the trade (money wise) for your 360 would be acceptable. Also you may want to check with the state laws regarding sales tax. When I bought my 360 I had a trade in. In my state you only pay the sales tax on the amount of the difference of the price once the trade in value is subtracted from the total sale. That was a huge incentive for me not to sell my car privately.

    Best of luck, and enjoy the experience. The 458 is a beautiful machine.
     
    jerbear27, Northbay and flash32 like this.
  8. colorfull

    colorfull Formula 3
    Silver Subscribed

    Sep 12, 2020
    2,294
    Franklin Park, New Jersey
    Full Name:
    John Napoli
    EastMemphis likes this.
  9. hessank

    hessank Formula 3
    Silver Subscribed

    Aug 8, 2005
    1,898
    Canada, Florida
    Full Name:
    Fred
    I would do the belt service and give it new shoes before selling (due in 4 months); if you don't a potential buyer will discount those cost from your asking price.
    As mentioned above, give some love to the seats also.

    In today's world of scammers/tricksters/cheaters and high crime, it can be dangerous to take a 'potential' buyer for a test drive. I wouldn't.
    That's why folks take a loss and trade-in or use a reputable Consigner to sell the car. You'll get more than the trade-in value. The latter would be my choice.

    GLWS
     
    EastMemphis and imahorse like this.
  10. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,234
    105 isnt a terrible offer considering its headache free and you get the tax break. on bat i think the car wld do 125 to 130, if no stories etc.
     
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  11. RRD

    RRD Rookie

    Mar 14, 2024
    13
    Full Name:
    Rahul Ramesh Deshpande
    Sales tax savings can make a big difference. Eg. If it is 10%, then you would need to get approx 115K private party to break even. Ditto with consignment (which will add consignment fees). Do the math and see if it is worth the hassle of private party sale.


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  12. swc5150

    swc5150 Formula Junior
    Rossa Subscribed

    Jan 5, 2021
    702
    Wisconsin
    Full Name:
    Scott Calderwood
    $105 is a decent offer, especially looking how these are doing on BAT right now. But it could also be a horrible offer if the 458 price is inflated of course. I personally wouldn't want to deal with tire kickers and overly picky exotic buyers. A 20 year old car is supposed to perfect right?:rolleyes: No thanks, I'm trading.
     
  13. anotherred360

    anotherred360 Formula Junior

    Jan 10, 2015
    276
    USA
    Black on tan + oem 6spd + <15k miles + last year model 360. Good points on the trade-in with taxes and all, but I'd give private party a try. This is the kind of spec that sets the top of the market.
     
  14. vinody545

    vinody545 Rookie

    Oct 17, 2019
    19
    Thank you all.
    Decided to keep it for now and add 458 later
     
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  15. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,234
    Smart move
     
  16. beemerb0y

    beemerb0y Karting
    Silver Subscribed

    Jan 25, 2019
    78
    you can also reach out to @Yellow Compass for his opinion and/or help
    in fact i think he has a similar car listed for sale
     

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