curious question

What year??

My guess, what I would offer, depending on year/color $85k-89k. Color and year are two needed factors. A '99/00 should be less maybe $80k.

 

I think all Spiders are 2001 model or newer, right?

 

I've been searching for Red/Tan 360 F1 Spiders, and I don't think they're "all over the place." Some of them are outliers, for sure, but it really depends on the year, mileage and maintenance history. For cars with ALL records since new, recent service/clutch, and 30k miles (that is the kicker), you're probably looking at mid to upper $80's, if it's a 2001 spider. That's my assessment if the car were Red/Tan, which some say is a very popular combo. We need to know more about the year and color combo before we can give you a better idea.
For my above description, I would add between $3-$5k for each year newer. That's my guess, but like I said, we need a little more info about the year and the color combo. Next, we'd ask you for the options, so if you know those, go ahead and post.

 

From what I can tell, the most desirable 360 spyders run about $105K.

That is for a red/tan or black, 2004/2005, under 15,000 miles, US car, records, all the stuff including 3 fobs and 2 keys, Daytona seats, shields, insignificant modifications and all original pieces included, fully serviced (inlcuding belts) within past year, essentially perfect cosmetics and Carfax, and PPI.

Work down from there to the least desirable being a euro car with 50,000 miles with blue or green interior and a non-complimintary exterior color, no Daytonas, rough condition, no options, no history at about $50K.

My advice is to buy the BEST one you can find. It will be the better investment in the long run.

 

Bought a 2004 360 spider, silver, moderately optioned 3-pedal with 12.5k miles in great shape for $99.9k with a full belt service, new alarm (old battery issue) and new tyres. Most felt it was a perfect price.

 

+1. I believe this is 100% true.

 

Sounds about right to me - and falls in with my previously provided top price of $105K for the most desirable. Did it have Daytona seats? Interior color?

 

I believe that 2001 was the first model year but there are some 2000 build dates running around. Not that it makes much difference.

 

I know of 2 2000 360 spiders in LA, both are euros and both are red/blk

 

Charcoal interiour, challenge grills, upgraded Ferrari wheels (forget what they are called, looks like bolted from 2 parts... Love them), minimal wear, plastic paint overs, all manuals and equipment. Has manual seats

 

John, I know you really know your cars but please explain why a euro car would be the least desirable ..

 

I would guess it is just a matter of resale value. Rational or irrational, euro cars are discounted.

 

Maybe not the least desirable (a car headed for the middle east mught be in that class) but certainly less desirable than a US car. Much less possibility of smog-registration hassles, less possibility of parts hassles. In Europe, a US car would likely be less desirable.

From what I have seen, Euro cars trade for $5K to $10K less than US cars in the US. Whether this is justified or simply a matter of incorrect perception really doesn't matter. It is fact.

 

Here is a curious one. If it sounds too good to be true . . .

http://cgi.ebay.com/ebaymotors/2001-Ferrari-360-Spider-Convertible-F-1-/150946165958?pt=US_Cars_Trucks&hash=item232517b4c6#vi-content
http://www.adventureautos.com/current-inventory/2001-ferrari-360-spider/

 

At first glance it looks like it can be over $10K low in price.....but, if it needs a full service, that can be a large chunk of money. Also, we don't know if there are other issues that will be told to you, if you call as a "serious buyer". I also see a small rip in the convertible top, as well as marks in the paint here and there, other minor problems. It is very hard to see the quality of a car in teh photos. I'm willing to bet that if the minor stuff is all fixed, and if there is anything else that wasn't immediately disclosed that needs fixing, I'm sure the "actual" price would be closer to $90K. If not, then.....if it sounds too good to be true......will apply.

 

I agree that perception makes reality for pricing but let's be honest and not be spreading untrue FUD. With very few exceptions the parts are the same so there is no issue with parts. Smog can be an issue but only if you try to bring a 49 state car to CA. Otherwise they run super clean, just like your car.

 

I looked at the listing for the Rosso 360 Spider with the black rims as well. I was not impressed because, if my memory serves me, it has virtually ZERO additional options installed. While that may not matter to you today at the right price, my opinion would be that this car would be a very tough one to resell again when you're done with it, as MANY other cars in the current (therefore, likely, the future) market have at least some options to differentiate them.

Good luck.

 

That is incorrect. It does not have "virtually" zero options. It has ZERO options. LOL. The window sticker is on the dealer website and it is blank in the options section. The shields are clearly aftermarket.

I agree, you would have to adjust by several thousand for the lack of options and, as Chris pointed out, perhaps more if it needs service. However, it is still a low price for a spider, especially one in rosso.

 

SOB ! Then I have the least desirable model !

 

Just posted a link to a beautiful Tdf blue 2004 if you're still looking. Call up and get more info. Honest bunch

 

Yes - a lot of the discount is due to perception. But a lot of this is justified. A lot of this negative perception is caused by the problems people have had with other grey market cars in the past. Boxers were especially probematic - I know of at least 2 that were confiscated byt the EPA and then crushed, and many others that were put on a ship and sent back to Europe by their owners. Stories like this - and potential problems like this - scare people, and rightlfully so.

Having a grey market car is like having a felony conviction on your record. You will always be second choice in a job competition with a non-felony person. People will always be a little questionable about you - wary - suspicous. You will never be the first choice. It may never be an issue in the future...or it could be a giant issue. Who knows what the EPA - DOT will legislate in the future. They change their mind on a whim. For example, I had a Euro 1966 330 GTC. This car was made before ANY smog laws were ever enacted in the US. Yet, the EPA instituted retroactive requirements that covered this car. Getting it through smaog inspections was a nightmare - every 2 years in CA.

And, in reality, more than a few parts are different between Euro and US cars.

And - I have heard stories that dealers would not work on Euro cars and would not honor their warranties.

And - lets be honest...what counts in California is what drives the market. Probably 25% of the Ferraris in the US are in CA. If something can cause registration problems for a Ferrari in CA, it lowers the value of that Ferrari no matter where it is in the whole world. Everyone is saying Ferraris are really cheap in Italy right now (due to govermental issues), why aren't they all coming to the US. Because it can be problematic to get them into California.

As time passes - maybe another 10 years - those worries will fade and the price delta may get smaller. That is - if no problems arrise that fuel those negative perceptions.

 

Did you buy a car destined for the Middle East?

 

I don't think that we are that far apart on this, I agree with 99% of what you wrote. Your history and why there is a perception is spot on. I agree that there is a price differential and with your analysis that over time the gap will narrow.

Sorry about your 330, that is a great car. For CA smog laws started in 66, 65 is exempt. They only added a PCV for 66 but that is enough to drive you to smog checks.

Stories about dealers refusing to work on a euro, I have heard those too but not a single dealer has refused to work on my car. I have been to several including FoSF when it was a F owned dealership. Based on my experience I am convinced that this is urban legend. Honor a warranty, that is a different story. They WILL NOT honor the warranty because they only get the money from FNA and FNA won't pay them for the warranty so you are out of luck.

Dealers will do recalls for free but not campaigns (this is probably one of the biggest issues). Many euros haven't had all of the campaigns done because they are out of pocket for the service. That includes variators so caveat emptor.

When it comes to CA I know several that are in CA and are 50 state legal cars (my car included). I also know of a few that have had problems getting through the testing and were subsequently sold outside of CA (passing certification is very close). The good news is once you have a BAR label you are good to CA law and it isn't an issue any longer.

I could list most of the parts that are different and it isn't a huge or scary list. Most obvious is the fobs are a different frequency. Then there is stuff like headlight washers, different bumper cover in the back (license plate area is different), driving lights, ECU flash, headers, cats, air pump.