355 Prices in 10 years

+1 on being where they are today or maybe slightly higher to keep up with inflation...

 

Just a recent observation,

I have been helping a friend/customer seek out a 355 6speed (Berlinetta).

Well lets just say we have been flying all over the country searching high and low for any decent unmolested 6-speed coupe.

VERY DIFFICULT. The market seems to be flooded with spiders and F1 trannies. Not that there is anything wrong with those.... It just seems a nice 6 speed Berlinetta is a hard find.

Anyone else agree, or was it just our timing with the hunt?????

Will these fetch a higher sticker in the long run? It seems that we have looked at 6 speed Berlinettas priced as high as late F1's and Spiders.....Very confusing........

 

So what will the 89 red tan 328 be? with say 15k miles or less in 10 years??? Me hopes alot...

 

Lol...... you guys sound more like girls every day.

The F1 is fun ...... a blast to drive. My car is what, 7+ years old and has only had one clutch replacement. The F1 pump is still working like a champ. This board has been great in educating the people that want to be informed. The main issue with the F1 system is the relay causing the pump to stay on. It's a $30 part that I will replace every 2-3 years as a precaution. Further, my mechanic has stated most pumps, if they do fail, can be repaired. If not, the pump was sourced here for $3k. Hardly worth the drama stated.

The Valve guide issue has only been a discussion of fear. We have no real info yet as most 355s have not had this done. I've posted my leak down numbers before. As of March they were 2-4%... not much of an issue.

As for the manifolds, I think these could be an issue. Mine are still good, but I expect, based on others cracking, that I will have to deal with them. But, we also have a great solution for these now. So, why all the concern? While some of you are wetting your pants worried about some issues that are not even likely to happen, I'm out driving with my top down.....

 

I agree with the open top and rarity. If you look through the pricing in FML of all the old cars, it becomes clear that the key is a 2 seater open top. I think the 104 Fioranos will be one of the best investments to have 10 or 20 years from now. I bet in 20 years a 97 355 spider will sell for more than an 07 430 coupe.

 

Good observation.

328 and 348 prices nowadays are in the same territory.

I guess a couple of years from now the 355 will sell for the same price as a carburated 308 or 328. Meaning 308/328 prices will slightly go up, 355 prices will further go down.

(BTW: IMO both the 328 and 355 are among the most beautiful Ferraris ever built.)

 

Will not happen in 10 years.....

 

Good luck to you, but I would rather be the guy with an 89 red/tan 328 with 120,000 miles in ten years. To hell with what it is worth, I will have one BIG smile on my face, and many happy memories of driving!

I have put a combined 50,000+ miles on a 78 308GTS, 87 328GTS and 97 355 Spider...never regretted any of those miles.

 

I wouldn't hold my breath on the 308/328 appreciating much in the future, you can't compare them to a rare Dino thats considered a classic that had abig impact on Ferrari the company, their may be the exceptional 300 mile 308/328 that can bring good money but the 18000 308/328s made will always keep prices in check especially with all the butchering done today trying to cut corners to save on maintenance costs as the cars are not worth putting big money into.

This will will keep the perception of prices down as the cars get more ratty and its just not worth putting money into them to make them right, a good comparision is the Boxer market with all the ratty cars being bought up now and restored as they have had a decent jump in value but they are a low production 12 cylinder Ferrari

355s will stay about where they are, with probability of increasing with inflation

I'd rather be driving any of these cars than having them sit with the hope they will be worth something someday, or thinking maybe I shouldn't drive it for fear of decreasing potential value

 

Bookmark this!

+1 on driving them rather than parking them and checking the annual prices realized. I think they're all bad investments in an absolute sense. I don't expect to make a dime on my 328 during my lifetime. But that wasn't the point of it.

I don't agree with your Dino vs. 308/328 analysis, though. It's very rooted in 2007. A decade ago, the 246 was no great prize.

The Dino 246 is not a rare car, just as the Porsche Speedster is not a rare car. Several thousand of each were made, IIRC. Sure, there are twice as many 328s as 246s, but fast forward a decade and the 246 will be pushing price levels where only hardcore Ferrari collectors would have one. That leaves all those ratty 308s and a clutch of 328s as the last five-figure Ferraris of the old school, body-on-frame, Fioravanti-penned generation. I think at the point the market will absorb a few thousand nice 308/328s very readily.

Regarding 355s, I know LetsJet thinks I had a sex change before posting, but technology ages very badly, and the last crop of electronics-free cars will have staying power beyond what the computer-managed ones will ever have. There is a very definite line between the mechanical innovations (K-Jet supplanting carbs) to the ODB/ABS/traction control/drive-by-wire cars.

The 348 and 355 are really something of a test. They were a different sort of car than the 308/328. We don't really know how the market will treat them, just as we have to wait and see how the 308/328 make the transition from old used car (which they are now) to collectible. In 2007, it's hard to guess, but the idea that the Dino and Daytona were the last Ferraris that will ever appreciate seems ill-founded. If anything, they're part of the Fiat era and were (foolishly) snubbed by "serious collectors" (defined as people who wait until something is expensive before they buy it) because of that business arrangement back in 1969.

 

355 will hold firm, the mess is all the 360s and 430s they are pumping out. The 348 being unloved will stay just under, and the 328/308 glass cars will be more money than the 348/355.
Why ? many of the 308s around are either butchered like many have said and need to be restored like what Newman is doing which will require 6 figures,or you find a few hard lifed drivers for 30-40k that will last as long as it will where you will eventually has to restore...or its a scrap/parts car.

I know of 2 fully restored Euro 308s glass going thorugh a pain staking 2 yr restoration and they will have close to 200k into them each...why ? cause they dont want a 430 like everyone else..

Stay tuned folks, should be interesting.

 

Agreed! I love the F1! and on that point, could you PM me where my pump relay goes? I picked one up from Daniel and just need to plug it in now...

 

Great question!!! I need to know too.

I had my mechanic change it when he did the Major. I just looked at my service manual and it's a bit confusing. I'll stop by his shop and ask him.

I will get the info and create a thread on it soon.

What I can tell you is that Ferrari has changed the part number to the 360 relay...... PN 155437

 

Does anyone know how many F1 Spiders were built in 99? Thanks, Alex

 

Not even Ferrari can give you an exact number. Although not every 99 has been entered the registry will give you an idea. You can search by year or color or location, etc

www.ferrari355registry.com

 

Recently put my 97 355B on the market at a reasonable price. Got two offers at full price. However, I made the decision that, I LOVE THIS CAR! Couldn't bring myself to sell it even to go to the Lambo I was interested in. The car is beautiful, quick enough for me, killer sounding, fun to drive. What more can I ask? People always ask if it's new. The 355 has issues if not maintained. If taken care of, it is a great car. Mine has had the valve guides done, headers replaced, new cats... (BTW, my car is pristine) So, who cares if its value goes up or down a little. I'm keeping it! Heck, my Mercedes lost more in one day after driving it off the lot than the 355 will ever depreciate in the next 10 years. Drive them, polish them, maintain them, enjoy them. Values will be relative to the market but the price of fun is impossible to calculate!
Scott

 

I bought my 328 for 38,000 in 1995 with 31K miles. It was red/tan and a very clean car. I drove the car, did the maintenance and kept it in great driver condition. Now, 12 years later, I think the car should be listed at $46,900 as an asking price to expect a retail sale at $40,000. And, when it sells at $40K I would expect to fix a thousand or so dollars of PPI nuisance items and hope that the intermittent headlight switch which is no longer available does not fail on the test ride. Now considering that the receipts for my car over 12 years totalled $13,500 more or less it is hard to say that there was any investment quality in a volume production car -- especially one that does not have any truly historic quality like race history, etc. My conclusion after more than a decade is buy what you like, drive it and keep the receipts in a folder and promise yourself never to add them up until the end. Anyone that claims to make money on any Ferrari (other than the truly rare ones) is probably kidding themselves. Nevertheless, I bought a 355 because I like the car and I wanted it.

If you want to make money on a car, buy a Shelby Mustang, a 69 Camaro, or a late 60's Vette, put it in your garage, drive it on sunny days and watch the prices rise. I bought a 67 Shelby Mustang in 1994 (thirteen years ago) which was repainted in a different color during its restoration (it was originally green and now it is red), had the wrong manifold, and had been slightly overrrestored for $45,000. Believe it or not, in 1994 that was in the ballpark on those cars as they had not started their meteoric rise -- the highs were $60K and the lows were $40K. I have spent next to nothing on the car in 13 years except for oil changes and minor maintenance items. I have driven it about 8,000 miles and it will sell in a minute for $175,000 if I was interested.

In summary, I would expect a clean, documented, relatively low mileage 355 to sell in 10 years for about what it is worth today. I do not think mileage will be near as important as one which has the receipts for all of the legitimate service. Having recently looked at a bunch of 355's I know from my own experience that one which was loaded with receipts from Ferrari was instantly better than one with no papers. Modifications to the cars (except maybe exhaust) will be a definite problem. Any car (except a Fiorano) which has carbon fiber trim will be recognized instantly as a car that someone chose not to fix "correctly". I bet an AC control for a 355 in 2019 will be made of unobtainium (anyone ever tried to get a headlight switch stalk for a 328 - none, nada). I also do not think anything with mileage over 5000 will be considered a low mileage car for higher value purposes. Pigs to be seriously devalued and a lot of buyers who will be concerned about the many issues we keep posting on the web. By then we will probably have found a lot more issues to post which will negatively impact the value. For example, who knows what the basecoat clear coat system will be like over these many materials in 2019 for my 1999 355 Spyder.

DRIVE THEM, ENJOY THEM AND HIDE YOUR RECEIPTS FROM YOUR ACCOUNTANT!

 

I hope the F355 in 10 yrs would be in the iconic status of modern V-12 - like the 512bb, M512 (not Testarosa) in the same way as the modern vintage V-8 for F355 in 2019. I have already seen the price creeping up for the GTB and GTS over the 6 months because of shortage of supply. I think the demand will always be there for the well sorted cars, but the supply is definitely not going up...

 

Maybe this listing will help with the pricing issue. But Ferrari's are cars and meant to be driven. If you want an investment check your broker, real estate agent or M&A contact. The asking prices for most of the cars out there are just too high --- IMO. Speculation has driven the price of a barrel of oil over $100 and the ferraris over acceptable limits. Sure these rare cars will go up in value, but they will go up slower than other investments (with some exceptions). I been looking at buying a several of models for a couple of months and the asking prices are just too high for the 348, 355,and 360. I'll wait until reality hits home and the markets continue to tank further I am sure prices will drop to an attractive level where I can restart my adding to my collection.

FERRARI MARKET LETTER ASKING PRICE INDEX


22-Sep-07 6 MONTHS AGO 1 YEAR AGO 2 YEARS AGO
V.32 N.19 V.32 N.6 Change V.31 N.19 Change V.30 N.19 Change

250 GT PF Cabriolet Series II 249,086 231,164 7.75% 223,250 11.57% 215,163 15.77%
250 GT PF Coupe 156,150 136,265 14.59% 144,706 7.91% 89,244 74.97%
250 GTE 2+2 118,940 89,955 32.22% 94,524 25.83% 57,516 106.79%
250 GT/L Berlinetta Lusso 412,344 345,333 19.40% 310,826 32.66% 291,500 41.46%
330 GT 2+2 & 4-Headlight 84,648 72,357 16.99% 75,388 12.28% 62,897 34.58%
275 GTB, ALL VARIATIONS 601,494 446,250 34.79% 333,727 80.24% 323,429 85.97%
275 GTS 319,970 284,292 12.55% 226,477 41.28% 217,259 47.28%
330 GTC 210,422 164,619 27.82% 178,074 18.17% 139,730 50.59%
330 GTS 438,754 332,156 32.09% 297,455 47.50% 295,250 48.60%
275 GTB/4 703,662 638,667 10.18% 536,591 31.14% 526,625 33.62%
365 GT 2+2 90,334 82,952 8.90% 78,020 15.78% 74,684 20.95%
365 GTB/4 Daytona Berlinetta 322,322 261,566 23.23% 246,109 30.97% 176,318 82.81%
365 GTB/4 Daytona Spider 829,483 656,100 26.43% 559,000 48.39% 530,463 56.37%
365 GTC/4 106,191 93,038 14.14% 83,154 27.70% 66,726 59.14%
365 GT4/2+2 33,436 30,375 10.08% 33,583 -0.44% 31,907 4.79%
365 GT4/BB Berlinetta Boxer 107,315 84,722 26.67% 87,500 22.65% 79,587 34.84%
400 5-Speed $ Automatic 23,239 25,405 -8.53% 24,432 -4.88% 24,734 -6.04%
512 BB Berlinetta Boxer 89,873 74,097 21.29% 79,000 13.76% 78,216 14.90%
400i 5-Speed & Automatic 27,879 29,618 -5.87% 29,642 -5.95% 27,305 2.10%
512 Bbi Berlinetta Boxer 127,301 98,977 28.62% 93,566 36.05% 84,750 50.21%
Testarossa 1985-1987 67,236 60,961 10.29% 62,191 8.11% 55,501 21.14%
Testarossa 1988-1991 69,781 74,693 -6.58% 74,125 -5.86% 66,805 4.45%
412 5-Speed & Automatic 39,644 41,420 -4.29% 42,033 -5.68% 41,087 -3.51%
512 Testarossa 109,853 105,161 4.46% 103,750 5.88% 105,688 3.94%
456 GT/GTA 71,772 77,277 -7.12% 79,344 -9.54% 84,427 -14.99%
F512 M 149,640 147,201 1.66% 133,465 12.12% 141,933 5.43%
F50 522,923 559,350 -6.51% 594,639 -12.06% 662,841 -21.11%
550 Maranello 117,752 121,368 -2.98% 123,784 -4.87% 126,929 -7.23%
456M GT/GTA 102,102 104,362 -2.17% 112,391 -9.15% 132,491 -22.94%
550 Barchetta 227,642 247,224 -7.92% 228,297 -0.29% 254,171 -10.44%
575M Maranello 163,942 171,174 -4.22% 171,776 -4.56% 184,100 -10.95%
Enzo 1,022,143 1,069,026 -4.39% 1,057,160 -3.31% 1,079,692 -5.33%
Dino 246 GT 137,051 113,498 20.75% 87,248 57.08% 66,439 106.28%
Dino 246 GTS 177,234 150,438 17.81% 107,763 64.47% 92,444 91.72%
Dino 308 GT4 24,401 27,453 -11.12% 24,056 1.43% 25,474 -4.21%
308 GTB Fiberglass 50,123 48,522 3.30% 49,212 1.85% 44,020 13.86%
308 GTB 32,751 35,685 -8.22% 28,226 16.03% 28,587 14.57%
308 GTSi 29,655 32,031 -7.42% 31,089 -4.61% 28,855 2.77%
308 GTBi 31,100 31,805 -2.22% 29,546 5.26% 27,358 13.68%
308 GTSi 30,469 31,341 -2.78% 37,568 -18.90% 30,305 0.54%
Mondial 8 23,429 23,403 0.11% 20,342 15.18% 21,867 7.14%
308 GTB Quattrovalvole 37,099 37,401 -0.81% 39,045 -4.98% 32,921 12.69%
308 GTS Quattrovalvole 42,069 41,782 0.69% 40,891 2.88% 38,825 8.36%
Mondial Quattrovalvole Coupe 26,289 27,245 -3.51% 22,056 19.19% 23,763 10.63%
Mondial Quattrovalvole Cabriolet 30,814 31,289 -1.52% 28,039 9.90% 27,994 10.07%
288 GTO 325,625 322,917 0.84% 266,667 22.11% 268,533 21.26%
328 GTB 1986-1988 39,504 41,943 -5.82% 41,863 -5.64% 39,992 -1.22%
328 GTB 1989 54,738 59,483 -7.98% 47,500 15.24% 47,225 15.91%
328 GTS 1986-1988 43,968 47,985 -8.37% 49,498 -11.17% 48,859 -10.01%
328 GTS 1989 59,259 62,986 -5.92% 59,521 -0.44% 60,738 -2.44%
3.2 Mondial Coupe 30,340 30,313 0.09% 25,681 18.14% 26,928 12.67%
3.2 Mondial Cabriolet 35,796 36,587 -2.16% 31,970 11.97% 36,853 -2.87%
F40 391,647 352,396 11.14% 357,635 9.51% 335,179 16.85%
Mondial T Coupe 32,097 34,700 -7.50% 32,563 -1.43% 31,433 2.11%
Mondial T Cabriolet 45,545 47,610 -4.34% 48,488 -6.07% 47,829 -4.78%
348 TB 47,118 52,711 -10.61% 48,252 -2.35% 49,440 -4.70%
348 TS 51,728 57,331 -9.77% 57,951 -10.74% 54,756 -5.53%
348 Spider 68,181 68,975 -1.15% 68,127 0.08% 65,392 4.27%
355 Berlinetta 77,693 76,609 1.41% 80,193 -3.12% 78,562 -1.11%
355 GTS 80,235 81,860 -1.99% 85,745 -6.43% 87,447 -8.25%
355 Spider 89,356 90,691 -1.47% 93,406 -4.34% 97,538 -8.39%
360 Modena 145,270 147,857 -1.75% 149,985 -3.14% 156,924 -7.43%
360 Spider 184,243 183,182 0.58% 187,851 -1.92% 203,019 -9.25%
Challenge Stradale 185,393 191,237 -3.06% 195,615 -5.23% 205,064 -9.59%

Sorry about the information display. I took the time to format it but the software still cut out the spaces. You can go to: http://www.dennigcars.org/ferrari_market_value.htm
to see a more pleasing view of the above information.

 

Finally, someone with something concrete! The 355 prices have always interested me.

 

I don't think very many if any of our cars appreciation will outpace the cost of ownership. Though in comparison to 'other' normal cars they are a win win win!!!

 

I'm happy with minimal depreciation. And when you throw in maintenance costs and compare to depreciation of a new $70k+ car I think we even come out ahead. Helps me sleep at night

 

I kind of like the fact that it took me around 18 months to find my GTB. Gives me hope that I shouldn't take a bath on my investment...

 

+1----they are def. rising so slightly, but yes they are rising...The Spiders are keeping there prices also, but not for long. They are everywhere for sale...The next year dealers will start dropping those prices to get rid of them. I have been looking for a 98-99 GTB car for a friend for 4 months with no luck

 

PM me what your friend is looking 4... I am still debating to sell mine or not.