Costs of ownership?

smiles far outweigh cost of ownership.

If you are on a budget, don't buy it. Takes the fun out of driving/ownership if you stress over numbers... Who knows what will or will not fail. I assure you the 360 will cost less than a divorce... and they happen 50% of the time- still people get married

Seriously, if you enjoy life & smiles... buy one. If you are looking for a way to save money, buy a honda.

Countless threads on this- you will find if you use the search tab.....

 

There is no luxury tax. Also, the gas guzzler tax is for the original owner. You can check on the CA DMV website and find out the registration fees. Or, if you're a AAA member, just ask them to estimate it. It's all based on the car value and has nothing to do with being a "Ferrari" or anything else.

If the car is running properly, smog is not an issue.

I have State Farm Insurance and the insurance was not high if you have a good record. Your agent can help tell you.

As far as tracking, someone else needs to pipe in on this one....I've never done it.

There's a lot of great cars around now to choose from. You're biggest decision will be F-1 vs manual and spider vs coupe. Then, it will be color and interior. Most came with Daytona seats and the most popular options.

Make sure you get it checked out before buying. Good luck in your search.

 

2 very different cars. the gtr is a technological marvel, and way faster than a 360. But any car in this catagory can have very expensive repairs. a GTR tranny is $30k. and its a weak point.

The 360 is a pretty reliable car. Its not that fast of a track car, but would be plenty of fun at thill with a set of brake pads and r compounds. brake pads on both cars aren't cheap. nissan pad/rotor replacement may even cost more from one quote I've seen. Sales tax is the only thing you are faced with when buying either car. they will be about the same as the prices are similar.

the only real difference I can see if these are truely the 2 cars you are considering is that ferrari buyers don't really like to buy cars with track history. Not that GTR owners don't care, but I think you will see more of them on track...

 

Owned GTR new to 10k miles...I was bored stiff in the car. Faster than most anything around, but boring, no sense of speed or fun.
I was set on acquiring a 360 but found the car to be a bit dated inside, and I wanted more sound and grunt than the 360 could afford (it had Tubi).

I'd like to test a 360 CS, might solve my needs.

I found the 430 to be wonderful and am waiting for either a good Spider ~$150k or the Scud coupe when they hit $200k (some day).

But the GTR...it was going to really start costing beyond 430 money to keep it up.

 

Took me till I was 40 years old this year to realize there is more to cars and my passion for them than speed and stats. GTR was ugly, no soul, no sound, and the crowd it kept was, well let me just say not my kind of crowd.

I've decided to trade speed and stats for feel, sound, emotion, "heritage".
I bought a 69 Camaro RS which has all above until I find the right Fcar, which will have the same and even more of the above attributes.

Best to you in your search.

 

Absolutely. How you feel in a car and how it makes you feel are 1000 times more important. That goes wheter you drive a Smart or a Ferrari.

... but personally I'd take the Ferrari!

 

Well my brother the Doc had to have one so i drove in it .. Stupid fast but as limp and uninspiring as they come . It was like being strapped to a Singersewing machine doing 150 WHO CARES . Rather be doing 70 in 360 with a vibe Just my choice since i just bought a 360..... Get what you love its only money!

 

While the Nissan is still a "new" car I would think that a 90k 360 will depreciate at a slower rate then a 90k new Nissan.... so while repairs on either car will be expensive, and you have the 3yr belt service on the 360, I wouldn't be surprised if the overall cost of ownership is less for a 360.

And if you are tracking the car, you can pickup a "well used" 360 in the 70's....

 

For my 2004 360:

License is around $1,100 a year, tax depends where in Ca you are.

Insurance through Mercury is $2,600 a year ($500k liability)

 

Taxes, Registration fees, and Insurance will vary. Here in Georgia it is about $1,500 per year with ad valorem, tag fees, etc.

Time based depreciation is fairly low at this point. Obviously over the past two years that has not been the case. Could still be 5%/$5k per year depending on how you buy and sell the car.

Maintenance is going to be between $1 and $2.50 per mile depending on how many miles you drive (if you are hitting mileage or time intervals on servicing) and how you drive (traffic, hard driving, track driving, etc.). Clutches run $.7-1.1 per mile. Fluid servicing is about $.20, brakes and tires are about the same $.25 or so.

The 360s don't have things that always go wrong (like the valve guides, manifolds, etc. on 355's) so there won't be any looming repairs you will need to anticipate. There will be things that come up like AC compressors, small motors, switches, alarm modules, top issues on Spiders, etc. that will cost up to $1 per mile for misc. repairs and cosmetic reconditioning. They are hand built with high quality materials so they do show more wear than most cars.

Mileage based depreciation is at least $.5 per mile and could be more. If you look at a 60,000 mile car versus a 30,000 mile car, obviously you are going to want to pay at least $15,000 less for the higher mileage car. If you are looking at a 20,000 mile car versus a 5,000 mile car, the difference will be closer to $1 per mile.

Altogether, I would plan on $3-4.00 per mile. Good luck.