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Discussion in '348/355' started by titanium360, Jun 13, 2005.
what is the market value for a 99 F355 spider silver/black F1 12K major service done? thanks
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Retail probably in the mid 90's and wholesale mid-high 80's. DuPont prices about 120's. Hahaha
Perhaps a F355 with very high mileage and in less than stellar shape would sell in the mid 90's.
But, I believe it would be extremely difficult to find a 99 F355 Spider as described below for less than $110-120K. I also believe that very few Ferrari's as described below that exist. The ones that do, are the ones whose owners will sell for a great premium to market value.
1. Color must be Red/Beige-despite what others say, when selling a Ferrari most Ferrari enthusiasts will not consider any other combination. They call it resale red for a reason.
2. Mileage must be low- many Ferrari fanatics will not even look at cars with significantly more than 10K miles. Regardless of what owners with "driven" high mileage cars will tell you, cars with documented service history/records and very low mileage will command top dollar at resale. You can "drive it like you stole it" but be prepared to take a tremendous hit due to mileage at the time of sale. Real Ferrari nuts do not want to own cars with high mileage and much more than 10k would not even be considered. These type of people are willing to pay up for that perfect, low mileage car.
3. Car must have:
a. All its original books, manuals , keys, Ferrari bag containing original car cover,steering wheel cover & seat covers.
b. No dings dents or scratches in the original paint.
c. No wear on the seat bolsters or any other part of the interior.
d. No shrinkage or console bubbling.
e. No dents or scratches in the sill plates.
f. Recent major service perfomed with all documentation and supporting receipts.
e. No afternmarket stereo/amps installed. I have not met a true Ferrari fanactic that wants to own a car with holes drilled into it and/or modifications made to the body or interior.
f. Car should be one that has been gently driven and not one that has been abused & redlined on a consistant basis. People will spend more to buy a car from a gentleman who has respected and cared for his car. Nobdy would be willing to spend a premium for a car that was juvenille owned and treated as such, by such.
g. Car should not be able to be distinguished from new.
Many people have mentioned to me that Ferrari's are hard to sell. After searching through many Ferrari's for sale, I understand why. It is because the majority for sale are not in the above described condition. Most on the market have been used, abused, and altered from their original state. They look & feel like used cars.
It has been my experience that cars that are truly as new are far & few between & many Ferrari owner's have a very different view of what mint condition really means.
prolly no car or very few cars qualify what u stated. good luck to wait 2 yrs to find your dream car.
ferrari or not, its still a car. u get pleasure by driving it, not by knowing that you are a ferrari owner or your car is mint. u pay less for a lesser car and u get less in resale, u pay more for a prestine car and u get more in resale. as long as its played smart, ur cost of ownership really isn't that much off.
to be honest with you i am no looking for a garage queen based on your standards but at the same time not looking for a car that has been thru hell either.
Ever noticed that most of the people who talk the value of cars UP own the same model themselves?
I'd guesstimate that the car in question in reasonable condition would sell for about 90K. The ask is probably closer to 120 though
95k would be a great deal on this car. THE SERVICE COULD BE AS MUCH AS 8K!!!! I would want to retail it for 100k because of the in place service....
With the exception of the color red, my 3500 mile 97 Spider -- which is yellow/black -- meets all the above requirements, and is for sale. Very nice car. Anyone interested they can PM me. I will sell at $95 firm or take partial trade or trade for 74 Dino GTS, Boss 302, Boss 429, LS6 Chevelle or ?
Depends on supply and demand.
I think it's a good deal at $100K considering the next option is a 360 at $180K
anyone knows of any titanium 355 around for sale?
Maybe for a 97 with more miles.......
james, thanks i have seen it but they are insane for asking $119K!
Have you talked to them and made an offer?
Operative word is "asking."