the Ferrari market watch thread | Page 2126 | FerrariChat

the Ferrari market watch thread

Discussion in 'Australia' started by ashsimmonds, Oct 21, 2006.

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  1. forty1

    forty1 Karting

    Jul 4, 2024
    103
    Australia
    Full Name:
    Nico
    I preferred to go through local dealers or owners, but importing may actually make sense for something like this. I've done it before for a special build. Thanks for the idea.
     
    carl888 likes this.
  2. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,174
    Sydney
    Wise words indeed. 355's are also a victim of parts rarity. e.g. the suspension control arms rust out in UK/HK cars and have been hard to find for years.

    For similar money a Vetro 308 is a great drive and much easier to live with. Make a lowball offer on the yellow one that's currently available. A well known and well sorted car.
     
    knocker and forty1 like this.
  3. forty1

    forty1 Karting

    Jul 4, 2024
    103
    Australia
    Full Name:
    Nico
    Thanks for the input Ian. I am starting from a very ignorant position and need to research and speak to owners more about this.
     
  4. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,656
    North Qld
    Full Name:
    simon klein
    Which 'cough' spent it's first 8 years in ........Hong Kong....
     
  5. forty1

    forty1 Karting

    Jul 4, 2024
    103
    Australia
    Full Name:
    Nico
    It's a bit older era than I am looking for. I will continue to seek advice on Aussie 355s and research more about maintenance and the part issues mentioned.
     
  6. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,174
    Sydney
    Then buy a 430, all the problems sorted.
     
  7. forty1

    forty1 Karting

    Jul 4, 2024
    103
    Australia
    Full Name:
    Nico
    I'm not sure that will help as I already own one.
     
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  8. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,117
    Adelaide, South Aust
    Full Name:
    Steve
    Very good idea. Speak to actual owners. Ignore internet BS.

    OLIO
     
    forty1 likes this.
  9. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,656
    North Qld
    Full Name:
    simon klein
    You've been on ignore for years......
     
    Steve355F1 likes this.
  10. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,117
    Adelaide, South Aust
    Full Name:
    Steve
    So have you…
     
  11. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,882
    Melbourne, Australia
    Full Name:
    Carl
    The main reason people import vehicles is to save money. Following on from that mindset, is the associated maintenance. Or often lack thereof.

    Take the 355 for example, if you had two otherwise identical cars, including price, except for the country of delivery, there's no way you'd buy the personally imported vehicle.

    Despite our sun, we have a reasonably benign environment for vehicle longevity. No salted roads, excessive humidity or high rainfall (at least in the Southern states). And the high prices of new cars here usually means they're garaged and looked after.

    The youngest 355 is now 26 years old. Plenty of time to become scruffy and unloved. Buy the absolute best condition, lowest mileage, well looked after model you can find. It may be a personal import, but that would be unlikely.

    There are some cases where a personal import is the only way to buy a particular car. 308 GTB Quattrovalvole, 328 GTB and a 288 are some examples (there was one Australian delivery 288, however it left our shores decades ago). There's hundreds 355s here. Have a chat with fellow club members, good cars often change hands privately and never see the open market.

    There's also a perceived issue with resale for a personal import. It's used as a bargaining tool should you wish to sell.

    And speak with Elliot. The 355 whisperer.
     
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  12. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,117
    Adelaide, South Aust
    Full Name:
    Steve
    “Buy the absolute best condition, lowest mileage, well looked after model you can find.”

    This is excellent advice.

    I’ll also accept that if there are two identical cars available, one being Aussie delivered and the other an import, it makes sense to buy the Aussie delivered car.
    But in reality that scenario will never actually happen.

    Some of the rest, with respect, I’m not so sure about.

    You will no doubt say “yeah well of course you’d say that because you bought an import”.
    I could just as easily say that some people on here are so heavily invested in the “Aussie delivered” mantra that of course they’d say what they say.

    I’m quite happy for the evidence of actual owners to speak. Let’s ask Greg, myself, and others how our ownership of quality imports panned out.

    And let’s ask a few others who doggedly went for an “Aussie” car above all else how that panned out for them.

    Given the OP would like to hear from actual owners, I’ll try to relate my story as briefly as possible and the rest of you who’ve heard it all before can turn off.

    When I was looking (and I was looking for well over a year) every Aussie delivered car I looked at was basically an overpriced HOS.
    Poor maintenance, obviously not looked after properly, and ludicrously overpriced.

    I wasn’t interested in buying a HOS, so against the advice on here I looked at the UK.

    No. I didn’t do that because I wanted the cheapest car.
    In fact, the car I bought was the second most expensive advertised in the UK at that time.
    The only one more expensive was a Berlinetta with about 3,000 miles on it and it was very big money.
    (As an amusing side-note, the dealer I bought from also had an immaculate Challenge for sale which they offered me for the same price as the car I bought. I declined. What a moron!)…

    Sure, I got lucky with my purchase because the AUD was strong at the time and I could buy that very good car for less than a HOS in Oz but that wasn’t the main driver.
    The whole time I was looking I wanted to:

    “Buy the absolute best condition, lowest mileage, well looked after model (I could) find.”

    Bottom line, I owned that car for 11 years and apart from one well documented issue (no fault of the car and certainly nothing to do with it being an import) it was a wonderful thing that gave me great pleasure.

    When I (rather suddenly) decided I might sell it I got loads of advice. Most of which was around not expecting to get a decent price because it was an import, etc, etc.
    Oh, not to mention it was also an F1 so worth even less, but let’s not go there….

    Thankfully I mostly ignored that advice and the car sold in three days within a bees dick of the asking price which was way higher than all the experts told me I would get. Of all the cars I’ve owned none have sold that quickly or easily.

    Frankly I suspect that if I’d completely ignored the advice I could have sold it for a fair bit more, but who cares.
    I’m more than happy with how it turned out.

    Bottom line? Buy the best car you can.
    There will always be buyers for quality cars that have been well looked after, and they couldn’t care less where it was originally delivered.

    Equally, if you buy a HOS it’ll always be a hard sell. No matter where it was originally delivered.


    Image Unavailable, Please Login
     
  13. forty1

    forty1 Karting

    Jul 4, 2024
    103
    Australia
    Full Name:
    Nico
    I fully agree. So, which foreign markets should I start to casually peruse Steve?

    PS. It is interesting to hear some back and forth of opinions, and look forward to meeting you all if I have not yet (I'm really bad with names).

    All the best.
     
  14. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,117
    Adelaide, South Aust
    Full Name:
    Steve
    My main point is don’t discount an import because it’s an import. Quality, history, and proper maintenance are the key.
    But obviously don’t buy a converted LHD car. That really is a bad idea.

    Yes, all things being equal buy an Aussie delivered car. But don’t buy a car because it’s Aussie delivered.

    Oh, and if you want a 355, buy a 355.
    No one who really wants a 355 is shopping for a 308.
    Just saying.

    Good luck!
     
    forty1 likes this.
  15. trdee

    trdee Rookie

    Oct 1, 2024
    14
    Sydney
    Full Name:
    Vito G
    still looking for a 550 myself. are there any regular club events where we can meet members and chat about this stuff? had a look on the ferrari club aus website and they dont seem to give access to prospective owners, only actual owners..
     
  16. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,593
    Join the club
     
  17. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,593
    These cars are so old now the Aussie delivery thing is irrelevant IMO.

    “Buy the absolute best condition, lowest mileage, well looked after model you can find.”

    THE END
     
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  18. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,385
    Brisvegas
    Full Name:
    Jon
    What if you just can’t stand red carpets?:D:D
     
  19. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,593
    Then you’re just a weirdo
     
    Steve355F1 likes this.
  20. bertrand328

    bertrand328 Formula 3

    Jun 1, 2015
    1,602
    France
    Full Name:
    Bertrand
    Hello Aussie Ferrarista,

    since years I try to look at Ferrari 328 market all over the world and so in Australia. I check several website but since weeks I can't connect at www.carsales.com.au that I used until today for Australia market

    Can you please give me other nice website where find Ferrari for sale in Australia ?

    Thanks in advance
     
  21. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,385
    Brisvegas
    Full Name:
    Jon
    Is that you Rob?
    :D
     
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  22. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,593
    Ça Plane Pour Moi Bertrand ;)

    Try the app :)
     
  23. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,656
    North Qld
    Full Name:
    simon klein
    LOL!
     
  24. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,656
    North Qld
    Full Name:
    simon klein
  25. Mrpseudonym

    Mrpseudonym Formula Junior
    Silver Subscribed

    Nov 7, 2020
    585
    Sydney, Australia
    Hi Bertrand, the problem is that carsales has changed to disallow visits from another country for some inexplicable reason, and if you come in on a VPN it blocks you for a time period. I’d try the app from the apple appstore to see if that is more forgiving, if indeed you can even download it..
     
    bertrand328 likes this.

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