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Anyone know this 2002 Modena

Discussion in '360/430' started by scootmchoot, Jul 23, 2013.

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  1. scootmchoot

    scootmchoot Rookie

    Jul 31, 2011
    15
    #1 scootmchoot, Jul 23, 2013
    Hello everyone, I have been reading here on the forums for quite some time and have just officially begun my hunt for my first Ferrari. All of my reading and market research has pointed me to wanting a Red on Tan 6 speed 360 (though if the car were priced right I could live with an F1). Outside of the 360, several gorgeous red Testarossa's in the $50-60k range have been calling my name as that has always been a dream car of mine.

    I saw this ad on craigslist and emailed to see where the seller stood on price:
    2002 ferrari 360 Modena

    He said he has had all services done by Nino at "V and W Motors" on Gratiot in Roseville. I have never heard of the shop but my real question is where would you guys estimate the value of this car?

    I have owned several rebuilt title exotics, so it doesn't bother me too much. Rather than hearing how I should just wait, I am just curious as to the range where you guys would place the value. (Although if a well-priced red 6-speed with some miles comes available, I will be very excited.) I've seen the black rebuilt euro 360 listed on here and recently on eBay have a difficult time selling for between $45-50k. I understand it's hard to place a value on the car without more information, but based on the information given, what would ya'll say?

    If the owner and I can come to an agreeable range, I would then proceed with a full PPI.
     
  2. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,528
    Charleston, SC
    Full Name:
    Curt
    #2 vrsurgeon, Jul 23, 2013
    Any "rebuilt" car makes me pause and will lower the price. Here at $75k I think it's optimistic because you have so many other good cars on the market. Done right and for a low price I think it's a fine car to own. But an inspection would be in order to tell me that and I'd have to buy it knowing that I'm loosing money if I ever sell it again.

    If your heart goes for the Testarossa.. and that REALLY does it for you. Get the Testarossa.
     
  3. Xcheckme

    Xcheckme Formula 3

    May 10, 2011
    1,682
    Tampa Bay
    Full Name:
    Lukas
    #3 Xcheckme, Jul 23, 2013
    For this year/mileage I would think no more than 70 k if it was clean with no issues. From the 3 pictures it certainly looks nice. A lot of people won't touch it due to the rebuilt title so you will have a tough time selling it in the future.

    Can't imagine this selling for more than 55 - 60
     
  4. jm348

    jm348 F1 Rookie
    Owner Silver Subscribed

    Mar 21, 2007
    3,017
    Redondo Beach, CA
    Full Name:
    Jeff M
    #4 jm348, Jul 24, 2013
    +1...rebuilt= no good or significant discount :eek:
     
  5. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,503
    Honolulu
    Full Name:
    Kevin
    #5 Kevin Rev'n, Jul 24, 2013
    I would need to see lots of detailed pictures of the damage too so that I would know where to have my expert people inspect the car and what checks to perform. I would also want to talk to the people who did any repairs if possible.
     

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