360: First year of ownership

Good luck!!!

The independent shop did mine (2001 360 Coupe) in one day (shop in Gaithersburg, MD).

Have then check the belt tensioners... Go with Hill Engineering replacements. They are better than the Ferrari ones. Do the forum search.

 

Actually you did spend money on the car...it's called depreciation.

 

Lucky man! I spent about $24k on mine in the first 6 months!!! *GULP*

Congrats on your milestone and enjoy her in great health!

 

For us looking to take the plunge, would you mind describing:

a) Did you do a PPI or anything else prior to purchase? Or did you go in knowing you were going to do some maintenance?

b) What all did you have to do within 6 months to cost you $24k....engine rebuild?

If not, would you mind PMing me the info for my own edification?

 

Depreciation? On a nearly fourteen year old Ferrari? I would say depreciation is the last thing the OP has to worry about.

 

Haha, I knew that was going to come up and bite me... Honestly, I've forgotten some of the stuff I've had done.

I did have a PPI before the purchase, but it wasn't perfect, so I had to pay for some of that stuff. The PPI was by a Ferrari dealership, and the recommendation was to buy the car if I could negotiate the right price, and I did both.

Not an engine rebuild, but a lot of other stuff. Probably almost 50% of the money I spent could be considered "optional."
Optional items: bought new tires, old ones could have worked for a season or two. Added a challenge grille to the rear. Had a full interior / exterior cosmetic reconditioning done by Esoteric Auto Detail. Had all 4 wheels totally refurbished (OEM starfish 5-spokes). Had a new audio system upgrade built and installed. I'm very happy with all of these "optional" purchases.

Other MAJOR items: Replace intake manifold gaskets, replace brakes, replace OEM headers and cats with new aftermarket pieces, fix broken passenger door handle / lock. I haven't had the need to do either belts or clutch, since my car had both of those done prior to my purchase.

I don't wanna hijack this thread. I'm sure there are things I'm missing in my list - the car and records are not with me at the moment.

 

Ah yes, that magical ultra rare $10k bill that every one here talks about.

I must be lucky I have had 2 of them in 18 months. Granted some of the bills were self-inflicted, Capistro twin-sound and Challenge grill, the rest was all for the car like belts done last week with less then 2 years on them due to a major cam seal leak. Next year is clutch so that wont be cheap either...then the car will be cheap for a few years I hope.

I did know my front suspension was shot when I bought the car, so I knew I was going to spend on that first thing, the rest were things like cleaning the plenum after a major overfill by the ex-owner's shop. Fixing a coolant leak and caused me to nearly overheat (caught it before going into red) less than 15 minutes after purchasing the car, fixing electrical issues due to really stoopid wiring of aftermarket amp and radio. I also knew the exhaust and motor mounts had issues before purchasing. Just lots of little things, but in a Ferrari it adds up QUICK. Also remember its my daily driver so it gets used most then most cars here, it will always cost me more to maintain it and i budget for that (for as long as my wife lets me).

 

No problem, just wanted to get an idea and it's great that you further broke it down between optional and major items....some things can be done over a few years, but when you want it done and done now, I can see the price adding up!

 

That's my problem. I'm not a patient man. I had planned to do some things spread out over time, but once you get going down a path and you can see and appreciate the results, it's hard to stop going through your list.

My list isn't totally done yet, but the rest of the stuff is REALLY REALLY minor and doesn't register on my radar much. So, I have a higher tolerance for waiting on those things.

 

I'm not either.....I have spared no expense on either of my BMW builds.....looking now to just drive those cars and put any money towards modding a 360!

 

Had my euro 3.5y ..65k on clock. First year I drove about 8k miles only did oil change .

Second year oil change , coil packs plugs and rear tires . Done by me .

Third , the $10k bill , replaced broken valve spring ,one valve , heads redone and major ...

 

I can say that...and I admire you for doing it. A few weeks back i drove 575 one way. Enjoyed every mile

 

Hi,

I am looking to buy a 355 or 360 and considering the 360 is an engine IN for the cam belts are they not cheaper to do than a 355 which is an engine OUT job?

I’ve been reading the threads on both cars and just curious in service costs between the two. The 360 is not that much more expensive to buy than a 355 here in the UK and if the service costs for the 355 are extortionate then maybe its a false economy and the 360 is a better choice?

What do you guys think? Anyone had both?

Thanks.