360 Challenge Appraisal Assistance | FerrariChat

360 Challenge Appraisal Assistance

Discussion in 'Challenge/GT Cars/Track' started by Tarik, Jun 13, 2013.

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  1. Tarik

    Tarik Formula Junior

    Jun 1, 2011
    381
    Philly Suburbs
    Full Name:
    Tarik
    Hi all, I work for a luxury/sport new car dealer, and have a customer interested in trading a 360 Challenge towards a new car purchase. I'm very familiar with F-cars (including Challenge cars), but have never dealt with a car like this in terms of acquisition and sale. I'm trying to establish an approximate retail selling price for this car, so that I can assess it's trade-in value properly.

    Here are the details that I can share at this time:

    2001 360 Challenge
    F1
    Rosso Corsa
    App. 6,000 Miles
    No indication of serious repair
    Originally purchased in Europe, imported as a competition vehicle

    At this time I cannot share the VIN, as I do not have permission from the owner to do so. Other than transmission, were there options that would affect the value of such a car now? At this time I have only seen the car in pictures, and it looks like a very nice 360 Challenge. I am working on obtaining service history, which I don't yet have. Are there things that I should be looking at that are specific to Challenge cars? I'm very comfortable appraising "normal" 360s, and am very familiar with the things in a car's maintenance history that will affect it's value. I'm really just looking for any Challenge-specific items I should be aware of.

    Any help with suggestions or thoughts on retail value are appreciated!

    Thanks!
     
  2. Entropy

    Entropy Formula 3
    Owner

    Jul 10, 2008
    2,149
    I"m sure he'll see this and respond, but I would call Pete Spinella at Universal Autosports. They are a sponsor here.

    Pete probably buys/sells/trades/maintains more 355/360/430 Challenge cars than anyone in the US and knows the market and value points, he might even know the history on this particular car.

    There are a LOT of variables to the value of a Challenge car
     
  3. Tarik

    Tarik Formula Junior

    Jun 1, 2011
    381
    Philly Suburbs
    Full Name:
    Tarik
    Thank you, I will reach out to Pete.
     
  4. UAS

    UAS Formula 3
    BANNED

    Jul 2, 2008
    1,193
    Glen Cove, NY
    Thanks for the recommendation Entropy!

    Hi Tarik,

    Let me know how I can help out.
     
  5. Tarik

    Tarik Formula Junior

    Jun 1, 2011
    381
    Philly Suburbs
    Full Name:
    Tarik
    Thanks Pete, I'll try to reach you by phone tomorrow!
     
  6. cwwhk

    cwwhk Formula 3

    Nov 13, 2003
    1,535
    Hong Kong, Tokyo
    Full Name:
    Wayne
    Sheesh, I hope US market for Challenge cars are better. In Asia, I almost couldn't give my 360C and 430C away.
     

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