355 Pricing in the future

JT, there are several decent 355 Spyders currently on the market that are lower than $80K.

 

IMO the 355 may go down a bit more because the 360s are falling fast on it.. .................. but once Dean gets his and people realize the guides are not so scary they should go back up a bit...............

 

I am also thinking about a 355, but there is such a glut of them in the market, I have my doubts. I think the 355 is kind of a lost car. The 360s behind it are stacking up like cordwood. Generally, the 360 is considered a far superior vehicle, at least by 360 owners and there have been LOADS of them manufactured. The emergence of more and more cars in both categories is inevitable -- people who move on to he next hot car, get tired of the last one, or just need the money as jobs and cash get scarce and home values plummet.

The 360s will come down into the 5-figures relatively quickly, and keep falling. That will put a strong cap on the upside of the 355. When I was looking for a Dino or a 328 I wanted a really good example. They were hard to find, and there was nothing "ahead" of the Dino to cap its value. When I got interested in a 355, a quick search found over 150 cars for sale. I think today a good '97 to sell has to be at highest around 65-70k and a '99 can't be more than high 70s. I fully expect that any car I buy in the next month will be worth 10-20k less in a year or two, as more and more owners and 360 owners just want out. Reality. Hope I'm completely wrong!

 

I do think there is a glut of Spiders (74 out of the 85 355s available on Cars.com), if you are looking for a good GTS or Berlinetta, there are very few currently on the market. I do agree that the prices will decrease for a bit more. I know a fair amount of F355 owners who will not trade "up" to a 360 regardless of the price difference (myself included), it is a taste and preference thing, but I do understand there is a larger portion of the buying public that wants the newest car they can afford. F430s, 360s and 355s should not be bought as an investment right now, there are just too many of them. Buy them to drive and enjoy, not as a rational business decision.

 

I wouldnt hesitate to say that a 99 355 could possibly bring more than a 99 360

 

In my view it is virtually impossible to guess the prices and make any sense of them. In the pictures one 355 may be sticky and the next one may not but for the 3 to 5K cost to unstick a 355 the right way it is hard to compare the two. I paid probably the highest price for a 355 in recent history but still feel good about the choice because I have owned several other Ferrari's and have always been educated when it came time to make "this or that" look like it was supposed to be. The one that I bought was an extraordinarily clean car, with fresh engine out service by Algar, and all I needed to do was drive it.

As support for my theory, I still remember when I bought my 328 that what I thought was a minor deal (the headlight switch was intermittent) turned out to be a $1800 part made of unobtainium. I ended up having to buy a salvage part after searching a long time, having that part rebuilt, and paying my local guy a few hundred to put it in. And, to be expected, I passed on another Ferrari that had a good switch because it was $2K more. The moral of the story as far as I am concerned is pay whatever you can stomach, buy a car that needs nothing, don't worry about how much you will lose, and drive the car. Thus, even if you paid $100K for the car, and it is worth $60K in five years, you have done just about as good as my M3 (paid $68 new and just sold for $26).

355's are not, and will not be, investments -- at least not for a long time.

 

I'm in agreement with others....

The 360 will very quickly here be considered "Old" simply because the 430 replacement is just around the corner (if I was to wildly speculate I'd say 18 months or so) and with it I can see 360 prices averaging around $80 in a year or two, this'll push down 355's of course.

I can see 355's dropping to 348 prices around that time...

Course I'm no expert and my opinion is solely based on what I see here and the asking prices I see in ads, basically I'm just doing my part to speculate
-David

 

I'm kind of undecided on this point. I think 355s could climb above 360s at some point. The next few years of pricing will be interesting!

 

I have nothing much to add except look at the Porsche 993 and 996 pricing. I know this has been discussed before, but 993's are definately bringing more money than 996's, depending on year of course.

 

I had a VW 993, I mean porsche, it was b o r i n g

 

Ok, I am new to this. I am in fact trying to buy either a 355 or 360. I have always loved the style of the 355 but for a little more money I can get a faster and newer 360.

Money aside, why would I go with one over the other? Is one cheaper to keep running? You guys seem to know these car amazingly well.

 

The 360 is more car in every sense of the word. But, it is not twice the car. If you need the horses and the tech to get you there, wait and buy a 360 when they hit 100k for a good one. The 355 is plenty of car. The styles are night and day. Assuming they are both more car than anyone really needs, buy the one that you like more.

 

My twin turbo 993 cab will spank a 360 and is anything but boring. Come to think of it, anything weighing under 3000 pounds with nearly 300hp and an engine BEHIND it's rear wheels is anything BUT boring.

 

Here's the true answer:

3714 355 Spiders produced, worldwide.
16,000 360s produced.

Very similar performance.
Most polls show the F355 is a better looking car.

In the end, scarcity sets value if you have a good car.

Read the reviews of the F355. She was a benchmark for Ferrari. Turned the tide for the company.

The Dino is slow. So what. The 355 isn't as fast as a mass produced 430. So? The F355 will blow the doors off a 250 California Spider. So? The 250 is worth over $3 million dollars.

Aesthetically, the F355 is a better looking car than the 360. The 360 is already outclassed by the F430.

360 was mass produced by Ferrari standards.

NOW IS THE TIME TO BUY A 355.

Really folks, do you think they can fall much lower? They're far better than the 348 (universally agreed in the media and reviewers eyes) so they can't fall below there. 328s are pushing into the 50s now.

If I had a lot of money I'd buy every under priced F355, put it in a garage for five years and sell them to China/India/Russia with its growing millionaire club and of course, export to the land of the mighty Euro then count my massive pile of money.

 

I concur, the market is waiting for Dean to sort things out.

I had one - it was a fantastic car. Different than the Ferrari, not worse. I drove a few 996s and thought those were kind of ordinary.

 

I think the F355 is a true Ferrari. Ferrari should have tweaked the F355 to 430 levels without changing the look of the body. The F360 and the F430 look like toy cars. I have a hunch that with a production of only 3500 or so F355 worldwide, in about 5-10 years this car is going to sell for $150,000 - $250,000. I'm keeping mine for now. I bet that the after the F430 production Ferrari is going to produce an F355 look alike with F430 engine tweaks. Look what Chevy and Chrysler are doing. They are bringing back car styles from the late sixties and early seventies with modern engine and suspensions tweaks.

I wish Ferrari will reintroduce the Daytona again can you imagine the response. When the 348 was introduced everybody complained about the look and argued that it wasn't a real Ferrari look. When the F355 came out, it had the best response from the media, dealers and customers in history of Ferrari.

 

Ready for a dual pard'ner? Walk 10 paces, turn, shoot!


I'll bet the brotherhood lays waste on your claim pretty quick!!

 

I don't know about counting the massive pile of money but no doubt, 355s will come out just fine at re-sale.

 

That 355 spyder is going to settle in within $7K of a comparable 348 spyder within a few more years. The price correlation between the 355 and 348 will mimic that of the 328 and 308. The 355 was an upgraded 348, and nothing more.

 

Other than horsepower and power steering, I would rate the 355 far WORSE than the 348. Cracked headers, valve guide problems, dash shrinkage - some pretty dad-gummed expensive stuff if you ask me!

 

I think any 355 that is well sorted, low miles, and with no stories will eventually go to foreign lands for top dollar.

The Chineese are now buying airplanes, lots of luxury items, and now with 2 Ferrari dealerships being built in their backyard, which will generate Ferrari fever and then.....sit back and watch......they'll be picking up great used Ferraris from the US. I think the next 5 years you'll have Chineese, Indian, and Russian millionaires looking to spend some of that money. If you've own a ANY Ferrari don't sell now just wait a bit longer, you'll be glad you did.

 

285Ferrari already as 4100+ 355's documented in the registry...actual production was closer to 10k

 

Anyone who thinks the 348 is a better car in any way than the 355 is entitled to their opinion, even if it's WRONG!!!

Cheese graters belong in the kitchen. Aesthetics and style are what "drive" collector cars, not minor HP changes or mechanicals. The 348 is a Miami Vice-looking mini TR that gets more dated every year. The 355 corrected those flaws and pushed the mechanics up about 10 notches.

The real difference is similar to that between a Dino and a 308 or 328. The 355 has the aesthetic appeal to become a true collector item. The 348 may continue to suffer the same depreciating Magnum fate as those perfectly nice but ultimately uninspired 246 follow-ons.

One man's opinion... but RIGHT!

The loser will be the insect-oid 360 as they flood the markets.

 

+1, also the critics, car magazines and Luca di Montezemolo did not think the 348 was in the same league as the F355, Luca even used it as the example of what was wrong with Ferrari when he took over in the early-mid 1990s.