360 price trends

Greetings and Welcome to FChat!

If you search around a bit there are quite a few posts about pricing including a pricing guide on what different options the car has, etc.

This is a good thread for finding what the general offering price is:

http://www.ferrarichat.com/forum/showthread.php?t=274461

There is a huge spread on car prices. If you find the right car, get a good PPI and the car is clean and _exactly_ what you want, you may pay more for it. Also budget 10k in repair money and keep it free.

 

I just bought a clean '04 spider F1 with 9K miles and I'm out of the top end of your price range (but not by much). You will see some spiders in the $80K's but I'm not sure you'd want to buy them. I think the top end of your range is where you're going to find clean examples with no stories.

 

I find the F1 better than the cable linkage in the 360, not so much on the 355s. Several cars locally, I don't know of a GOOD one for sale at the moment. Glad to take a look over it if you find anything of interest.

regards, Brian Stewart

 

Lots of people buy used Ferraris long distance. The Chicago market is pretty large (I used to live there), with Lake Forest and Continental. It would also be a quick trip to Springfield, MO, for Motorcars Int'l.

And Marshall Goldman in Cleveland has tons of Ferraris, but he handles mostly lower mileage cars and prices them on the high side. (He has a couple of 328s near the $80K range.) Sport Auto in NC handles tons of 360s as well -- you could call Steve Barney and crew and let them know you're looking. They seem to handle cars that have actually been driven, while Marshall is more focused on the low mileage "investment" stuff.

Given your acceptance of a higher mileage car, I certainly think $80K is reasonable. I would go for a six speed manual, without a doubt. I found the F1 system in the 360 jerky and clumsy, which may be why Ferrari seems to be going to a dual-clutch setup more similar to Audi.

 

http://www.ferraris-online.com/pages/article.php?reqart=SCM_201002_SS

Recent article, pretty accurate with regard to 360s.

 

If you buy from an authorized Ferrari dealer, yes, you will pay a premium. Whether the reassurance is worth it is really up to you.

What is different, in Ferrari world - where 360 headlamp lenses go for $5000 each, for example - is that paying more for a perfect car is often better value than getting a pretty good and planning to make it perfect. It doesn't take much gone wrong to consume the "savings" of buying a needy car.

 

My advice. Go with the manual transmission. I have always driven a manual sports car. I experienced no difficulties even on first test drive at dealer. First drive was manual 430, then F1 430, then manual 360.

I knew right away I didn't want the F1 transmission.

 

Not an encouraging article for 360 owners, (like myself), but very believable.

 

Sheehan is spot on. Not a bad conclusion. Anyone who buys a 360 should buy it because the car appeals and drive it to death. That is the only way to justify the inevitable economics

 

Dude, that's the WHOLE battle. Hope you get a nice one soon.

 

I've got a manual 360 and I love it. It is not hard to shift at all (once I fixed the shifter bushing). After tons of research, I felt that the manual was less prone to maintenance and mechanical problems than the F1. And while I never drove the F1 (because I knew my first Ferrari had to have a gated shifter) the manual truely gives you the most control over your driving. The manual also gives one the option to downshift more than one gear at a time if you want (ie from 5th to 3rd, without having to go through 4th). One downside to looking for a manual transmission 360 is that 70% or more of the 360s out there are F1s. And it seems as if the majority are spiders. It took a long time for me to find a
Rosso Corsa / tan, coupe, 6 speed manual in the sea of spiders and F1s out there.

Doug

 

So true

 

Actually the economics of the 360 aren't bad. If you buy one now it shouldn't lose nearly as large a % of value as a newer generation car like a 430/599. The economics were much worse for those that bought 24+ months ago. If t a 360 loses $20K in 4-5 years that's pretty reasonable to me, and a stickshift may not even lose that much...a clean 360 with good maintence and reasonable mileage isn't going to be a $40K car anytime soon if ever, so if you are looking to buy a coupe for say $80-85K you're not going to lose half the value in 24 months.

The original poster is looking at a later 360 spider, so he's probably going to have to pay in the $90's for a clean/sorted one in the season tail months of August-September, but I think a car like that will be in the same $20K at most depreciation range over the next 2-3 years- if it's a stick it will retain it's value better as well in my opinion. I had a tough time finding a stick 360 that met my condition criteria as well (and had to get it from 1,200 miles away), and it won't get any easier to find stick cars as there were fewer and a larger percentage of pre-owned buyers want them for either lower servicing or experience of a stick shift Ferrari, or for both reasons.

If you're making the argument that it's not a good investment, that I'd agree with- very very very few cars are. It is a toy and not an investment.

 

Headlights are $2,500 each, I know as I bought and replaced mine. Search and you shall find the detailed write-up and process--extremely difficult, time consuming and delicate work as the adjustment wheels are on the outside of the unit, one bump and you're toast.

You can say it a thousand times and people continue to try to buy a Ferrari like a Toyota, on the cheap. There is no free lunch, folks. Doing your homework is the key to finding a great car. Pay-up and buy the better car, trust me. I KNOW.

There are so many cheap cars, and they are cheap for a reason. No Ferrari owner in his right mind would sell a fully serviced, pampered car against a needy car at the same price--won't happen.

This forum can save you a boatload of cash if you research, search, and ask questions. Good luck, and don't be scared to spend a little more for a much better car. You'll never regret it.

Cheers~

FOUND IT. HERE YA' GO:

http://www.ferrarichat.com/forum/showthread.php?t=178791&highlight=headlights

Only way to check for miky headlights is with the lights ON, in the DARK!!! You will see the problem easily, if it's there.

 

wow. I thought the $5000 head light by the previous poster was a figure he threw out there. I guess EVERYTHING in Ferrari Land is more expensive, sometimes a lot more. Gotta pay to play I guess.

 

Believe it or not, for 360's, the prices have been stabilizing. FML actually has the asking price index UP about 3% over the past 6 months for both Modena and Spider. Weird, I know.

AS far as upkeep, that all depends on how aggressive an owner wants to be. It's cheaper to not use the car, drive a few thousand miles a year and do the bare minimum. But, in my case, costs a lot more as I drive the wheels off mine and replace, repair, repaint and re-leather every little tiny thing that shows wear keeping the car as pristine as when it left the factory. That adds up when you're putting 12-15K miles a year on a car. Especially one with a leather dash that shrinks up each year. Covering mine for the second time now; I now have a spare dash that I'll be rotating into the car as the other one wears.

 

Yeah, A yellow Farrari doesn't draw eyes at all. I'm 6'7"; you're good with either a Modena or a Spider.

 

If I recall correctly from driving both coupes and spider, the headroom is about the same (with top up on spider). But I'm only 6' not 6'4". Of course, with the top down, sky's literally the limit. Be sure to drive a spider with top up to make sure you fit ok.

I had the same thought process on 6spd manual vs. F1, and besides, I didn't like the relative lack of sophistication in the F1 in the 360 compared to the improved version in the F430, or the lesser driving involvement with either F1. Replace the reverse shift bushing as soon as you get it (unless it's been done already), and you really will enjoy the manual. Silver hardly ever looks dirty.

As far as other comments go about readiness and finances, only you can make the decision. All we can do here is tell you objectively how troublesome or troublefree our experiences, how much we have spent or expect to spend, and then you're on your own. There is a fine balance between fiscal responsibility and doing something to follow your dream when you still can enjoy it. One has to decide that for himself. The fact is, Ferraris are not necessities; they are pleasure craft, much like a boat or plane, but if you want to, you can drive them every day if you want. New Ferraris are beyond the reach financially of most people, but why the discussion is getting interesting is that prices have fallen to where mostly regular people can afford them if they take some risks or make choices. Some people spend their discretionary income on going out to dinner a lot, or at very fine restaurants. Some buy boats or planes, or take expensive vacations. Figure a Ferrari in the place of one or more of these. More power to you if you can afford the Ferrari AND all these things. I will say that with 360 prices in the $100k range, plus or minus, a lot of people spend way more on new BMWs or Mercedes than I did for my Ferrari, but they have a car that's more useful and one that won't cost a ton to repair (because they're under warranty/service contract). Good luck with your decision.

 

Titanium hardly ever LOOKS dirty can be dusty etc but still looks great and different A little biased
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