6 Speed Gated For Collection - 360 Spider vs. F355 Spider??

This feels like a familiar question but there are fewer 355 and its a way prettier car

But for neither can the increase in value you seem to require be guaranteed

 

I doubt you will see any increase in value, though if something goes wrong in those 8-10 years (which the chances are better that it will then it wont), you could end up loosing a lot.

 

Who knows; pure speculation as to whether one will increase in % terms more than the other.

But I would agree a gated F car is a good way to go as Ferrari, unlike Porsche/Aston don't seem to want to make another gated anytime soon, so the later ones will potentially attract money.

Buy what you like and if you are lucky you might make money; if not you will have some fun anyway!

 

430 MT might be a better bet ,and more reliable ,with a higher entry cost of course.Much rarer than the 355/360.

 

I like the 355 idea better. The only downside is the engine out service costs.

 

360 is closer to the end of the last of the manual shift era.
355 has more maint problems / issues although to my eye it looks better.


360
Get one close to the end of production as some of the early cars had engine mount frame cracking.

 

Which one do you like driving better? Get that one.

 

First of all, if you're hoping for 911 type appreciation.. I wouldn't count on it. The only guys that really made out the last bubble were the hard core guys that bought the 65's when they were $2500 rusted shells and restored them because of love and then sold them to "collectors" when the price was too stupidly high not to. 993 turbos were never that cheap. The remnants of the bubble will completely fizzle when the middle aged guys that bought them at a price that's too high have to sell them for retirement and viagra. hehhe

With either you're collecting it for you, or you're collecting it to gain in value so someone else will buy it from you. With the former, you don't worry about who buys it and it's condition. The latter, you worry about who buys it and maintaining the condition. I guarantee that if you sell a "collector" 355 or 360 for the price a "collector" car commands the buyer will want to see regular maintenance done to the car. That means belt changes. With only that, the 355 is going to be more expensive. The 360 might catch up with a clutch needed. Don't think buyers don't factor that into the mix. It's the high operating costs that will limit a buyer to a model. That ship has already sailed. Either convertible top will have cylinders that leak and give issues. Unlike the 355 top, you can't just disconnect the 360's top when the hydraulics get active. You have to rebuild all the cylinders as with both soft tops. Both cars aren't going to be cheap to own and maintain in collector status. OTOH, a 20,000 mile car wouldn't be in that realm either which way. For true collector cars under 5k miles IMHO puts you there.
I'm not sure I can write that either will significantly increase in price to be honest in the next 8-10 years beyond inflation... with Ferrari's you buy the one that gives you the emotional response. Get the one you really get excited driving. If it's a 355 then go with it, if its the 360 go with it. Either could be a dud from a collector standpoint and then you have a car you really enjoy.

 

Never buy a car just for the purpose of investment. In my humble opinion.

 

One idiot in a 1993 Civic will screw up all investment plans.


Buy it because you like it.

Besides in most cases insurance, taxes, maintenance and repairs far exceed any gained value. He should be looking for reduced loss risk than any gain in value.

 

F 430 manuals are hard to find. It depends on how long you’re willing to wait to find the right car. 360s are a lot easier.

IMO, color combo also makes some more valuable than others. Lots of red/tan.

 

If the cost of maintenance equals the appreciation you just got yourself a "free" Ferrari.

 

Instead of the f1 430, consider a low cost 458. Both will continue to depreciate (I suspect in lockstep). At least with the 458 you won't have to replace a clutch.

 

I've always thought of the 355 as over rated and over priced. It has a reputation as being the most expensive Ferrari to own and maintain and has a range of problems with it. Montezemolo had already started work on the 360 as far back as 1993 so the 355 was only really ever a stop gap between the much maligned 348 and the 360 and a bit of a test bed for the 360 engine and new F1 technology.
Price wise if you haven't already picked up a gated 360 Spider you have probably missed the boat. Prices (in Oz at least) have shot up dramatically and you rarely see them for sale on CarSales anymore. The last one (a couple of weeks back) lasted only a few days ay $250k asking and it was gone. Prior to that there had not been one for sale of a couple of months at least.