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Advice on a 355 GTS I found

Discussion in '348/355' started by sgtpeper, May 23, 2020 at 8:13 AM.

  1. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    Hi All,

    In my quest to find the right Ferrari, I came across a 355 GTS - red with tan, 36k miles, 4-5 owners, records back to 2000. Originally bought in the US and exported to Canada, the car is now in Florida.

    I have it going in for a PPI on Tuesday at F1 Imports & Exotics.

    I've been able to track down a ton of info on the car including the last sale which was on BaT in 2017. The dealer who bought that drove it from Canada to Florida to hand off to the current owner.

    Owner 2 had the targa painted red

    Current owner seems to have added fender shields.

    Last major was in 2017

    Dash looks good

    Seats may have some cracking in the center section

    The car is a '97 should I be worried about valve guides?

    What else am I missing and what else should worry me?

    Thanks,
     
  2. Ferrarium

    Ferrarium Formula 3
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    Jul 28, 2018
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    Eric
    I would do a leak down before buying any 355. I had it done it for my 348 so I am not just saying that, compression and leak down actually I did.
     
  3. Drock28

    Drock28 Formula 3

    Jan 13, 2013
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    Tony
    with the major done as recently as 2017, there is not much to bargain there.
    indeed do leak down and compression test, from what I read leak down up to 10% is acceptable, but of course everyone will have something different to say.
    compression should be more or less even across all cylinders.

    how are the stickies..? that can be bargaining chip.
    are the stock headers still on? that can be bargaining chip.
    check suspension all four corners, are there any signs of leakage
     
  4. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    Sounds good.

    Compression and leak down in 2017 were very strong. Hoping that is still the case - 5k miles later (2900 of that being the drive from Canada to Florida).

    There do not seem to be any stickies

    Is it a huge negative that the targa was painted red and they added shields?

    Cats seem to have been replaced in '06 at 20k miles.

    Right header was replaced in 01 by Ferrari under warranty.

    Forza bypass valve added

    Tre Colori in Canada did the last major in 2017.

    Lots of other things in there too..
     
  5. Ferrarium

    Ferrarium Formula 3
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    Not if you like it no. These cares are not investments, they are passion projects. I plan on painting mine and I have shields. I personally think these cars require the shields.
     
    355dreamer likes this.
  6. phrogs

    phrogs F1 Veteran
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    I don't know how a painted top can be a negative, I don't care for the black target myself. But who will know the difference my 98 has a painted top.

    shields can be removed.
     
    QSA likes this.
  7. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    I'm getting really excited to hear how the PPI goes on Tuesday. The car isn't registered currently so I'm having it flatbedded there.
     
  8. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
  9. bjwhite

    bjwhite F1 Rookie
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    Mar 17, 2006
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    Honestly, I like the painted top. Makes it look like a berlinetta when installed.

    That being said, wasn't the painted top a factory option for the 355 by 97? Maybe it's factory?
     
  10. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    I found a receipt showing it was painted by a previous owner. It was an option that year though.
     
  11. Robb

    Robb Moderator
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    Feb 28, 2004
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    Non original radio.

    I think it all depends what you plan to do with the car if the painted top or shields matter to you based on originality.

    I prefer the painted top look.

    I have shields on my Blu car but they are aftermarket yoshi metal shields. Nice but I have mixed feelings on them. I wish they came with the car with the indents but they weren’t available in 95. I’ll probably remove them in the future.

    Probably needs a new battery every 3 or so years and I highly recommend a ctek tender off the rear terminals.

    Check your tire date codes and underneath the car for any needs there along with possible leaks.

    check the a/c

    lots of other ppi items to look at.

    Robb
     
  12. Ferrarium

    Ferrarium Formula 3
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  13. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    Seems like a pretty reputable shop. They sent me a 5-page list of things they check.
     
  14. bcar1

    bcar1 Karting
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    Aug 2, 2017
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    Bob
    I remember this car from BAT- it’s really nice and seems reasonably priced. I almost bought it but didn’t want red!
     
    sgtpeper likes this.
  15. QSA

    QSA Karting
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  16. sgtpeper

    sgtpeper Karting

    May 4, 2004
    107
    I'm really excited to see what the PPI uncovers for this car.

    Am I a fool for wanting to sell my 996 Turbo for this 355? I may end up keeping both for a while but not sure I really need 2 sports cars at the moment.
     
  17. Ferrarium

    Ferrarium Formula 3
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    996 Turbo is a great car. So is 991' and Audi R8, "insert car here" etc None of which are a Ferrari. The "want" you have for a Ferrari.... EVERYONE who is a car guy who does not have one has it. Do it. Life is short no tome to waste.
     
    zhani355 likes this.
  18. Sami

    Sami Karting

    Jan 28, 2012
    86

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