Considering a 360 - Pricing Q's

Hi all, drove a California recently and got the bug. I've been doing research and considering a 01/02 360 manual to fit my budget and interests.

If I made the jump - what can I expect for resale on a 360? Some Ferrari's seem to hold their value better than others. I'm looking at some 360's in the $70k range. If you can find the right one, seems like alot of car for the $$$$.

Aside from maintenance and insurance, want to get an idea of depreciation on a car like this. I would probably put 2 to 4k miles per year.

Thanks.

 

It certainly is a lot of car for the $'s and wouldn't we all like to know the answer to your question. Who anticipated the suddden jump in Dino values 2 years ago? I think the best answer to your question may be found by studying the Ferrari Market Letter "Asking Price Index" Here you can see laid out the last 3 year price changes of the 8 cyl models which preceded the 360 [as well as the 360]. These models,the 355, 348, 328 and 308, seem to depreciate in lockstep where the newer model [assuming similar condition] rarely drops below its preceding model. What helps the 360 owner here is the much higher maintenance costs of the 355 [engine out for most service needs] and 355 prices appear to be holding firm so in all probabilty early, low mileage, Modenas will stay around the $65k to $70k range for a while. About that price index, remember those are ASKING prices.

 

Honestly there is no way to know. But, you're asking the wrong question.

Worrying about depreciation should be the least of your concerns when it comes to damaging your pocketbook.

You can protect depreciation if you keep good records and do the all the proper maintenance and upkeep. Do the opposite and see the value plummet. Most often, the less the car is modified the better it will hold it's value. Also, driving it less will protect depreciation but that seems rather counter-productive to owning it.

But, one big mechanical blow up or one big accident will wipe out the value or force you to throw money at it much more than depreciation ever will.

The moral of the story is... you have to expect it's going to cost you money or don't bother. You'll never enjoy it as you look at every on coming car that might hit you or listen for every funny noise it makes.

Repairs and accidents can take more money out of your pocket than depreciation ever will. If you can't afford that or are worried about it, you might want to rethink your position.

I'm just being honest with you. You have to go into this thinking the worst. If you can deal with that, then screw the depreciation and just drive the damn car.

 

Actually a nice example of a 1989 328GTB will run you more then a 348,355 and fast approaching early 360 values.

 

You know, a car is a commodity. If you are using it, and putting miles on it, naturally it will wear and depreciate with time. Even brand new Left Over 430 Scuderias (There are a few left on the European Market) cost less than their orig. MSRP ! ! !

I think the best and easiest way is to get a good deal below the asking price, and enjoy the car in good health, reselling should be the least to bother you right now, since you got the bug

Cars no matter what brand, price tag, size, or style will always destroy your pocket (No Doubt), BUT THEY ARE FUN

Greetz,


Joseph

 

one of the best bang for the buck bargains out there, and not just performance. In looks, styling, and sheer driving enjoyment I don't think anything can be touched for 70k.

as far as depreciation i doubt we'll ever see 360s below 50k, but they probably will bottom out around that mark before starting to go back up, but that won't be for a long long time (10+ years).

In the end it's all a guessing game. Look at how wildly the prices vary between the summer and winter months. I noticed at least a 5k swing when I was looking. While asking prices all staying in the 60-70k range, i found owners much more willing to negotiate during the snowy months.

 

Hi

I just bought a 360 and am most happy with my purchase. They are a really nice car for a reasonable amount of money.

There is a 360 (red-tan, manual) for sale in the 'for sale' section located in northern Ca. If I remember right, it is $77,000 asking. To me, that car seemed a good deal. Check it out.

I can't see 360s dropping much below $60,000. Nice 308s are firm at $30,000 and seem to be heading up. And beleive me, a 360 is much much more car than a 308. Nice 328s seem firm in the $40 - 45,000 range, and again moving up. I don't see much long term interest in 348s, but they are still in the $40s. So, the bottom has been set, and 360s will always be above that bottom, IMO.

As for Dinos, they are the wild child of the equation. How can a Dino be worth 1.5 to 2 X a Boxer????? That is insanity if you have ever driven the 2 cars. Oh well.