360 on ebay for 55k

a euro model, seems to be in good shape, when i was searching for mine a couple on months back I considered it.. seller seemed honest, will need alarm module and probably a belt change...

 

Needs different wheels and a challenge grill cosmetically speaking.

 

+1

driver's bolster looks pretty rough and the engine bay is filthy. high(ish) mileage, listed as 21k in one place and 26k in another (?!?). link to the carfax not working. caveat emptor.

 

I'm not saying "buy this car" but all the 360's are becoming terrific bargins for what they are.

 

I have to agree, the driver's seat looks very rough. Mine has done 40T km and looks nothing like that. Engine bay is really filthy. I would want a serious inspection of this car, particularly for body repair. Weird having those rims also. You have rims like that the rest of the car would be immaculate, its not, and would suggest they have just been added. Maybe the last ones were wrecked.

 

Price seems low considering there is one with 56k miles selling for $90k ( but he's from fantasyland) ...Euro model means its just as the factory intended it to be. Wheels look better then factory and add a personal touch but no one ever admits to that out loud.

PPI the car if that checks out get a major, repair the bolster, give a challenge grille , get an Agency Power exhaust and drive the wheels of it...

 

MwHouston.com
Eurocar werks
Ferrari of Houston
Lawell motorsports

 

If you are referring to mine with 56k- It sold within 48 hours of ebay posting. Mine was also nicer than 99% of them out there. In fact I could have sold it twice.

In regards to this post, the car in the ebay link is rough. Anyone who lets the visual stuff get to this condition, you can inagine what the unseen is like. Pass on it. Rough. Miles are meaningless if a thorough history & mint. Some here really have no idea how a car "functions" & think they self destruct over a certain mileage..

 

so true these will not self destruct at a certain mileage. Chrmer your car was a very nice example and you were meticulous with it .having only put 7k on it in 2 years mean it sat more than it was driven so course you had time to keep it meticulous .

some people refer to drive over letting their cars sit and this looks to be a good driver car .

 

I looked at a couple cheaper 360s before paying all the money for my '01 (the old RayJohns car). Web pics are ALWAYS much nicer than in person. One of the cars had so much paint work that I lost track of what was original and what was not. The spreading oil slick in the undertray did not inspire much confidence either. Sure looked nice on the web though.

It was worth paying more (nearly 30k more in this case! ) to me. When a buddy of mine (a scud owner) saw it for the first time over the weekend and I remarked that it was exactly the new car I would have bought if I was rich in 2001, he commented "you basically GOT a new '01".

I will note that even the rattiest of the cars drove great though.

 

so true pictures hides a lot of things , a friend of mine was looking few months back every car he looked at had less then 15k miles and they are needed pAint work on the lower half ....
Visual inspection and PPI is critical

 

Just get the car checked out. Bottom line here is that everyone here is spit balling guesses with no actual knowledge of THIS particular car. Get a quality PPI done and go with your gut based on what you find from those FACTS!!

 

Looking at photos of engine compartment in this condition is not "spit balls" it shows a prior owner & seller that "feels" that is good enough to present. To me it says all you need to know about it. Call me clairvoyant.

 

Looks like it'd clean up well. I'd want to check for wrecks etc. and other PPI stuff. Seems like a great price and I'm sure they'd knock a couple of K off? I'm wondering if people take it in the shorts more on one of these euro cars when it comes time to sell?

 

I would pass on it. When you buy a ferrari, you should not try and save a little money here and there and get the cheapest one you can find, especially if all of them are good deals right now. I would be very concerned about how the driver treated the car. The engine has not been taken care of or at least no effort was put in to keeping it detailed and the interior looks like it was also not well maintained. This car was definitely not well kept, I would spend a little extra and go for something you would be happy with, you don't want to have to worry about it after you buy it. Plus, you buy a ferrari not for just the drive but for how it looks. BTW, a PPI is not always going to find everything wrong.

 

if ppi checks out buy and drive the crap out of it....even if the things is just in OK shape thats a crap load of car for that money...and u know what u wont be worried about getting a ding etc...

 

Ignoring the condition discussion for a moment. On a euro you pay less and sell for less but the gap between US and euro closes over time. Does that equal take it in the shorts? I would say that you had far less tied up in the car and you took less depreciation. In my book that means you are ahead.

 

OK but say when you bought it was at a 10% discount over a US car but now since the cars are soft you need a 25% discount to move it over a US car. That's what I mean by taking it in the shorts. So does a euro car fall a little harder? I think they would. Logically you'd think the discount would have to grow on a euro car as the market tanks on F's.

 

Not really, the discount goes down over time. The primary reason for the discount is the warranty. As cars fall out of warranty the delta goes down. So far it hasn't approached zero but it has on older models. Yea, I now it is not a great comparison because of production numbers but all we have.

Not sure why you think that the market going down has such a big impact on the difference. The auto market is very elastic. When you look at used cars (say 50K new) a 1 year old car only has to be about 5K less than a new car to get buyers. The gap hangs around 10% per year no matter what the prices do. If the prices go down, the used car goes down but it is still only 10% less than the other car. Same with a Ferrari.

 

I know nothing about this particular car but I can say that both "cheap" 360s I checked out before buying mine had all kinds of condition problems in person. One had so much paintwork that I lost track of what was original and what was new. It also had oil pooling in the undertray.

They looked awesome in the web pics though.

And, interestingly, they both ran and drove great, which says something about the general design and build quality I guess, but I wanted nothing to do with them.

 

I think you've captured the essential point.
Not that far off from F355 prices and you don't have to do an engine out servicing to change the belts.