2000/2001 360 proper mileage? | FerrariChat

2000/2001 360 proper mileage?

Discussion in '360/430' started by marlonbvm, Mar 15, 2014.

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  1. marlonbvm

    marlonbvm Karting

    Mar 15, 2014
    211
    Texas
    Full Name:
    Max
    There seems to be a wealth of knowledge here on this forum. As you can see, I am brand new, and would love to get some input. I am looking to purchase my very first high performance car, a 360, which has always been my dream. I would love to get some input from you guys as to what mileage I should be looking for? Some people told me, go with a 360 that has less than 15k miles, other said it needs to be driven, and 30-40k miles is no issue. Any takers? Highly appreciate any input, as any of you probbaly know 20x as much about Ferrari their condition etc. I am brand new, just trying to fulfill a lifelong dream on a budget :) FYI I am located in Dallas, if anyone lives close by.

    Thanks so much!
     
  2. Skidkid

    Skidkid F1 Veteran
    Owner Rossa Subscribed

    Aug 25, 2005
    9,539
    Campbell, CA
    Full Name:
    John Zornes
    You should start with the 360 buyers guide at the top of this section. It covers most things. Then do a quick search and you will find more debates about mileage than you would ever care to read. Price is debated a stupid amount too.

    Personally, I know of several with mileage over 60K and they run great. The car is 15 years old now. To only have 15K it was probably parked for years. The seals dry out and start to leak, rubber degrades by years so it fails over time too. If you are on a budget mileage is less important than condition so focus on learning how to tell if it has been maintained or not.

    Remember that these cars cost $2K to $3K per year for maintenance, not including tires, clutch, brakes, insurance, etc. The $3K number also assumes that nothing big fails. If that happens the bill is quickly over $10K. There is nothing 'on a budget' about maintaining one of these cars so plan accordingly.
     
  3. marlonbvm

    marlonbvm Karting

    Mar 15, 2014
    211
    Texas
    Full Name:
    Max
    Thanks for the heads up Skidkid. Appreciate the pointers! I'm definitely planning in maintenance costs and insurance. I read the 360 buyer's guide you suggested, very helpful!
    I will def try to get it checked out by a proper mechanic before committing to purchasing one. There are so many things I will have to do some more research on, but thank you for the great advice!
     
  4. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,518
    Honolulu
    Full Name:
    Kevin
    Three C's

    Condition
    Condition
    Condition


    If understanding the "condition" of the vehicle is outside of your scope (and it should be unless you have had a few supercars before) you must do what is required to protect yourself. PPI's, make relationships with indy's, Ferrari dealerships service departments, other guys in your area, etc and you are on your way!....to not getting a bad experience!

    Go forth and...WIN!
     
  5. future328driver

    future328driver Formula 3

    Dec 10, 2001
    1,838
    Dallas, Texas
    Full Name:
    Ken Thomas
    Max,
    I live in Dallas as well and just purchased a 2000 360F1 about 3 weeks ago. First Fcar, 2nd performance car. I looked at a lot of cars before I found a local one that was right on point with what I wanted. I would be happy to give you some pointers. I looked a most of the 360s for sale in the DFW area recently, so I can also tell you what I know about the ones I looked at in case you might be looking at some of them as well.

    Kevin Revock is right on the money. It is all about condition. It is worth the effort to find a well-maintained car. There are several excellent independent FCar mechanics in Dallas that can provide a very thorough PPI if you find a car in the area.

    Ken
     
  6. Need4Spd

    Need4Spd F1 Veteran

    Feb 24, 2007
    6,678
    Silicon Valley
    When I bought my '03, most cars in good condition had around 13-15,000 miles. I probably drive my car an average amount of miles (for a Ferrari owner; most have 3 or 4 other cars), so given the passage of four years driving, the same car now has around 25k miles, and is still in excellent condition. Hope that helps.
     
  7. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,442
    Taxing Jersey
    I bought mine with 45k now have 63k . Run great , only major was broken valve spring.

    DONT be scared of miles .
     
  8. London

    London Karting

    Aug 29, 2009
    189
    London
    I bought my '03 360 3 years ago at 17k miles. It had had regular servicing and was in good condition but it hadn't been driven that much (average 2k+ miles/year). I didn't have any major problems but I can honestly say that today, three years later and at 36k miles, it's a better car than when I first bought it!
     
  9. English Rebel

    English Rebel Formula 3

    Aug 13, 2013
    2,158
    Piedmont Area of NC
    Full Name:
    Alan
    I bought my 99 last August with 25,300 miles. I now have 27,300 and am loving it. As everyone said condition and service history is everything and I am on the side of "low mileage for an older car is not good" unless you are trying to maintain it's value. However most 99-2001 cars have had most of their depreciation so I would recommend looking at a 99 (preferred in my opinion because they don't have pre-cats) or a 2001 which should be in the range of $65k-$90k. I would definitely take Ken up on his offer as he has obviously researched a lot in your area.
    Good luck and good hunting.
    Alan
     
  10. docf

    docf Formula 3

    Sep 14, 2008
    1,422
    Florida
    Full Name:
    Gary
    I own a 03 F1 with low milage bought with 1500 miles on the clock years ago and still has low milage 11,300 and has been a fantastic car. I have currently 6 cars to rotate so it is somewhat difficult to rack milage. My car has had no problems other than the Sticky issue that has been corrected. I believe it is the type of miles put on the car rather than total miles that defines a possible problematic vehicle. When out my cars are never driven less than 20 miles, very little stop and go driving, take care of small issues before they become large issues. I have had 5 Ferrari autos in my life and must confess the only one that I really racked the miles was my New 246 in 72 which accrued 35,000 miles in 2 yrs.,but it was for the most part my only car for those yrs. Until recently my 360 was "born" and existed in Co. which was brutal on cars. All in all just another view. Above all enjoy your car and buy with knowledge.
    docf
     
  11. Dr.B

    Dr.B Karting

    Sep 8, 2013
    89
    Bullhead City AZ.
    Full Name:
    Philip
    #11 Dr.B, Mar 16, 2014
    Last edited by a moderator: Sep 7, 2017
    I bought my 2002 spider with 16000 miles 8 month ago it now has 22,000. It runs better now than when I bought it. Initially it had many quirks like pulling to the left when shifting the f1 tranny was annoying, stalling at slow speeds once and a while and a few others. The issues have worked themself out and now it runs like a champ. Many people on here have mileage anxiety with their fcars I think buying a car with a few miles on it and saving a little bit of money is much better than paying a premium for a low mileage car that has been sitting. Just make sure it was maintained properly
    Image Unavailable, Please Login
     
  12. marlonbvm

    marlonbvm Karting

    Mar 15, 2014
    211
    Texas
    Full Name:
    Max
    Wow wow wow, thanks so much guys for all your input. This is a wealth of knowledge!! It looks like across the board the main thing to consider is the maintenance over mileage. I would rather purchase a little higher mileage car to be honest, just (as mentioned) most of the depreciation hit already.
    Also Ken, I pm'd you my cell. Would love to get in touch.

    Thank you everyone for such great input and help. I will keep you posted, and hopefully become a member of your elite owners club in the not too distant future :)
     
  13. rmani

    rmani F1 Veteran
    Owner Silver Subscribed

    Nov 1, 2003
    7,334
    NJ
    Full Name:
    RMani
    To echo what others have said, don't be afraid of miles. Use them s a bargaining tool to get a better price!
     
  14. marlonbvm

    marlonbvm Karting

    Mar 15, 2014
    211
    Texas
    Full Name:
    Max
    rmani, that's a great point. I never have been afraid of miles on pre-owned cars, but wasn't sure if that held true for the Ferrari, but it appears so (within reason) Thank you!! :)
    Some of the ones I am looking at are anywhere from 1999-2001 models, and miles up to about 40k ish.
     
  15. mikeyr

    mikeyr Formula 3

    Jun 17, 2004
    2,154
    Santa Barbara, CA.
    Full Name:
    Mike Rambour
    60k miles on my 360 and runs GREAT, no issues on the drivetrain.

    I did have some issues with worn parts like suspension bushings but that I considered normal wear and tear EVEN if the car had 0 miles they would have been bad due to age.
     
  16. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,832
    Houston, TX
    Full Name:
    Michael Foertsch
    The best 360 that I ever drove had over 30K miles on it.

    My 355 has almost 40K miles, and it's the best 355 that I've ever driven.
     

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