Best bang for your buck | FerrariChat

Best bang for your buck

Discussion in '360/430' started by ferralc, Dec 6, 2015.

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  1. ferralc

    ferralc Formula 3
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    Sep 2, 2010
    2,153
    San Diego CA
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    Fernando
    I went for a drive today with the "just drive it" group I was following a 348 and I was amazed how fast those things go, my 360 was obviously faster (+100hp) but it wasn't a kill.
    So I checked eBay to see for how much the 348 are being offered and they are not exactly that cheap, I checked the 355s and the same thing, honestly for what a 360 car is and maintenance expenses accounted in my opinion the best Ferrari you can get right now.
    The 430s will be there when they drop another 20k but right now the 360s are the best Ferrari bargain.




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  2. KM1959

    KM1959 Formula Junior

    Nov 12, 2014
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    Kevin
    How refreshing - let's talk about F1 versus stick for a change.
     
  3. Neons

    Neons Karting

    Jul 25, 2015
    82
    #3 Neons, Dec 6, 2015
    Last edited: Dec 6, 2015
    Inadvertent. Disregard that, sorry.
     
  4. ferralc

    ferralc Formula 3
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    Sep 2, 2010
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    Stick cars aren't even considered bang for your buck in my book because basically the same model has a premium, people want them because they are considered rare, people want them because they like to drive stick, people want them because they think they are "investments", basically some people want them because other people want them too,but they are paying more money for basically the same car.
    A couple of years ago the bang for your buck model was the 308/328 and the testarossas, and the Best Buy were the Maranellos, I do not know if the 360 will eventually go up in value but I am almost positive they will not go way lower than the current level, and for the type of car you are getting, how cheap is to maintain compared to previous generations, this is the best bang for your buck Ferrari.





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  5. rmarchjr

    rmarchjr Formula Junior

    May 21, 2012
    586
    North east, USA
    I'm going to disagree with you. Actually a 430 f1 is the best Ferrari bang for the buck. I own both and 430's are more reliable and less expensive to maintain and + 70 hp. A good buy can be had @ 110k. If I were looking that's the car.
     
  6. ferralc

    ferralc Formula 3
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    #6 ferralc, Dec 7, 2015
    Last edited: Dec 7, 2015

    The reason I believe the 360 is a better deal is because I believe they are not going to depreciate radically from their current level, and the 430 might go down a bit more, another 20k and the 430 will be a great value.
    By the way check this one, looks solid and the asking price is below 100k
    http://www.ebay.com/itm/Ferrari-430-2dr-Coupe-/151895321012

    By the way, the 430 has 90 horses more, doesn't it?
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  7. KM1959

    KM1959 Formula Junior

    Nov 12, 2014
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    While you think that the F430 will drop another $20K, do you think that the 360 won't drop anymore as well? If that's the case, the two models will be very similar in price which doesn't make sense to me.
     
  8. ferralc

    ferralc Formula 3
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    #8 ferralc, Dec 7, 2015
    Last edited: Dec 7, 2015

    348s, 355s and 360s are very similar in price, there is not a huge gap between the models, so although it doesn't make sense it is possible.



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  9. vrsurgeon

    vrsurgeon F1 World Champ
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    Dec 13, 2009
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    Ah a pricing thread. The following comments for F1 only:

    Why would the 360 drop? Any less and you can buy a 355 or 348 and have the $7000 major every 3-5 years. At the very least the next buyer will want you to do it or to give them a price reduction for it vs. belts in the 360 at $1500-2400, so in essence you have a built in $5000 differential between the models. Porsche 996 Turbos are in the low $40's. I don't see a Ferrari of equivalent performance breaking below the 911 turbo.
    The 430 faces upward pressure from the 458 and the depreciating lead anchor called the MP4-12c... already at $150ish with a better,faster transmission, more power and carbon tub.
     
  10. ferralc

    ferralc Formula 3
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    Didn't you mean downward pressure??


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  11. vrsurgeon

    vrsurgeon F1 World Champ
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  12. ferralc

    ferralc Formula 3
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    Sep 2, 2010
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    I agree with you, if I had a lot of money to spare I would buy every single Ferrari model in great condition that can be purchased for less than 50k, I have seen that every time they go near that level they go up.
    And by the way the 996 turbo is an incredible car for the money, that is the 360 of the Porsche world.



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  13. rmarchjr

    rmarchjr Formula Junior

    May 21, 2012
    586
    North east, USA

    Glad you mentioned that...I do bleed rosso corsa, but what a fun car. If I had any confidence at all in being able to maintain one with my own fingers, that would be my next car. I really feel that it took the 488 to get F to the same performance level as MC. That said, next car ?458 (last naturally aspirated 8cyl mid engine) or 488 twin turbo +140hp and lots of torque...for only another +120k, or that lowly depreciating MP4c. I'm happy I don't need a car right now.

    I just don't see the 430's falling to much further, more likely they will increase from here.

    1 used nice F430 F1= $110 = 1.05 new Z07 Corvette = 1.75 Fancy diesel Pickup trucks = 1.6 Fancy SUV(mecan turbo, x5)= 7.3 New Nissan Versas = 2.7 996 Porsche turbo's. Personally I think the fancy diesel pickup truck method is most sound here in the US. Supercar as a multiple of pickup trucks. Its a theory anyway...

    Ferrari's are special and will always have a premium for the level of performance you are buying. I agree with surgeon - you will never buy a Ferrari @ equal performance level with a Porsche for less then the Porsche.

    feralc - also agree with you any good condition Ferrari @ 50k will appreciate to some degree eventually just because it has a Horse label and more car guys want to be a part of the limited brand.
     
  14. freshmeat

    freshmeat F1 Veteran

    Aug 30, 2011
    7,284
    those Porsche GT3RS' though...
     
  15. rmarchjr

    rmarchjr Formula Junior

    May 21, 2012
    586
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    Sorry- ur right- to my Porsche statement- limited models excluded. No gt3/ Rs / and cup cars. That would need another thread.
     
  16. ferralc

    ferralc Formula 3
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    Maybe I should have said "most affordable Ferrari to own" (considering price plus maintenance) because the best bang for your buck is all relative, if you were able to purchase a 250 GTO for 20 million dollars that would be the best bang for your buck Ferrari ever.



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  17. Neons

    Neons Karting

    Jul 25, 2015
    82
    I think that is true for Ferrari/McLaren too. The depreciation of the MP4-12C is making it more of a bargain as the new models come out. I wouldn't expect it to drop too much more but for more/less 150k there isn't much in that price bracket (With the exception of a used Turbo S) that can out-perform it.
     
  18. KM1959

    KM1959 Formula Junior

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    #18 KM1959, Dec 7, 2015
    Last edited: Dec 7, 2015
    I didn't say the 360 would drop. I said that I don't think the F430 will drop into 360 territory.

    While 458s may be dropping because of the 488, they're still way higher than an F430. A 458 Spider is easily $100K more than an F430 Spider. If you prefer fixed roof there's still a good $50K between them. You can add another 10% for tax and registration to that difference. Oh and insurance? Yup, that's more for the 458's too.
     
  19. KM1959

    KM1959 Formula Junior

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    What I've found in the last year or so is that if you really compare equal condition 348s, 355s and 360s you'll see that 360s are 50% more than 348s. 355s are somewhere in-between. Naturally there are some outliers.
     
  20. ferralc

    ferralc Formula 3
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    According to Hagerty auction values a category 1 348tb is between 62,400 and 67,200 (depending on the year)
    And a 348ts is between 54,900 and 66,100
    And the more expensive GTS is at 66,800 for all years.

    There is no information for 355s though

    And the same for 360s a category 1 car auction prices (not asking prices) are 74,800 and 95,000 (including gated versions but I do not want to go into a manual vs F1 pricing argument)

    Using the cheapest category 1 model the 360 is barely 20k more expensive than a 348 (74,800 vs 54900)

    And as you said the 355 is right there in between, so maybe 10k more than a 348 (65k-ish)

    That isn't a huge gap between models and as Curt mentioned the more expensive maintenance makes the real gap even smaller.



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  21. KM1959

    KM1959 Formula Junior

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    Hey, I'm just going by the cars I've shopped for and have looked at. A nice 348 can be bought for $55K and a similar condition 360 is between $80-85K. Split it right down the middle and there is a $27K difference. If you do the math you'll see that this 360 will cost you 50% more than a 348. Some may feel that a 50% margin does not constitute a huge gap but I do. Just offering my findings is all.

    Back to the topic though, like someone said "bang for the buck" is relative but if someone wants a relatively low cost, reliable, and well-performing Ferrari, a 360 is tough to beat.
     
  22. ferralc

    ferralc Formula 3
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    Haha I am the one who actually said so,

    I never said your numbers were wrong, but still a 27k difference (vs 20k I provided) isn't that big of a difference because we are talking two model generations apart and 10 years, plus the most expensive maintenance

    I agree with your statement, the most reliable "low" cost Ferrari is the 360
    The Ferrari 430 is obviously a better car and more reliable but I can't justify 50k more (30k minimum) for a comparable car.








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  23. BrettC

    BrettC Formula 3

    Aug 13, 2012
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    Yeah, But Hey Kurt! I cant fit into a 12c! Not a large guy at 6' 220 but uncomfortable....drove the 650s to the same conclusion even with the racing seats....nice car though but not the passazz of a Ferrari>>>>>>>>>>>>
    Cheers!
     
  24. GordonF355

    GordonF355 Formula 3

    Aug 13, 2005
    1,017
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    I also totally agree the 360 is the best bang for the buck right now. I sold my 97 355 spider back in 2007 and probably could have gotten more for it now than I sold it for. I do not think the 360 values will go down any more as they are pretty much at the bottom.
    Styling wise I think it is one of the most beautiful designs with all the shapely curves and I love the rawness factor of it... Coupled with a good exhaust, F1 or Manual transmission makes these cars an absolute blast to drive and one of the best sounding ferraris!

    Honestly the newer models (458 / 488) almost seem a bit too refined for my tastes, and I am not that crazy about their computerized gauges / displays etc but of course they have alot more power under the hood. The 360 also has more than enough hp for me living in the US and I do like to go fast being originally from germany but with speed limits of 70 in my area, do I really need 661 hp? Bottom line: I LOVE the 360!
     
  25. Chrisnlbc

    Chrisnlbc Formula Junior

    Jan 9, 2015
    374
    Huntington Beach
    +1, I have to agree with all of you also in the "bang for the buck" value. Even though my baby is in getting a clutch right now, I still feel after 1 year of ownership that it is the best car for the money. People consistently think its a 200k$+ car, the sound is raw, the driving is bliss. I have a spider, and the top down cruising down PCH on a warm night is second to none. I feel extremely fortunate to own one and feel like a made a great choice when i saved her from being a garage queen:)
     

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