F355 GTS: Good Price? | FerrariChat

F355 GTS: Good Price?

Discussion in '348/355' started by fgg, Jul 9, 2005.

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  1. fgg

    fgg Karting

    Jul 5, 2005
    143
    Dearborn, Michigan
    Full Name:
    Frank Guido
    Hello Everyone,

    I am new to this board. I recently sold my NSX-T and am now in the market for a F355 GTS. I previously owned a 1980 308GTSi. This site is similar to NSX prime---informative and friendly. I am presently considering a 1995 F355 GTS, red/tan, 5,000 miles, 30K service just performed; no valve guide issues; car is clean exterior and interior. The dealer asking price is 85,000.
    This asking price seems to be 5,000 to 8,000 high. Any feedback from the members of this board would be appreciated. Thank you.

    Frank
     
  2. RAMMER

    RAMMER Formula 3

    Feb 20, 2004
    1,187
    Miami
    Full Name:
    Rammer
    I am no pro but something in the high $70s might be alright for a low mielage car with no issues.
     
  3. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
    Full Name:
    David Jones
    A 10 year old car with only 5k on the clock... That's an average of only 500 miles a year!

    The valve guide issue probably would not rear it's ugly head until around 12k miles. Which would make for an expensive ride.
     
  4. vref

    vref Karting

    Dec 18, 2003
    214
    1 Hr North of Housto
    Full Name:
    Jim
    GTS's are worth $65 to $70, Thats High.
     
  5. Auraraptor

    Auraraptor F1 World Champ
    Lifetime Rossa Owner

    Sep 25, 2002
    13,982
    MO
    Full Name:
    Omar
    Low mile 95 GTS with complete service done recently would be 75 top money.

    Remember to check for ex. maniold leaks too.
     
  6. Jerrari

    Jerrari F1 Veteran

    Jul 24, 2001
    5,469
    Michigan
    Full Name:
    Jerry Wiersma
    I thought the 355 GTS didn't come out until 1998??
     
  7. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
    Rossa Subscribed

    Jun 9, 2004
    4,684
    LA & OKC
    Full Name:
    Kevin
    Haha no they came out in 95.
     
  8. yellow 355

    yellow 355 Formula Junior

    Mar 25, 2005
    503
    ocean city,nj
    Full Name:
    Ben Murphy
    95 with the 30k done and no valve guide issues should bring 80k. Remember to check the headers for leaks this is a 4k problem with labor 4k plus....Just did my 98b headers 3500 quicksilver exchange plus labor.....These low ball price for 355 cars are without services. The 30k could cost 8k done right factor that in to paying price. good luck great car!!!!!
     
  9. srwhitman

    srwhitman Karting

    Mar 15, 2005
    116
    Saratoga, CA
    Full Name:
    Scott Whitman
    I have a 98 GTS that I bought in March for $87K. Ferrari of Orange County was selling a 97 also. Original price was 85K but they sold it for 82K. So, 80K for a 95 is very very high. Probably 8K less would be reasonable. Personally, I'm not too crazy about this stuff about no valve guide issues. There is no such thing - unless you get a mid-98 or above. Reason is - all previous cars had brass guides which, if they don't have the problem now, could (unless they have been replaced). Take that for what you will. 30K service is a given - I would never buy a car that didn't have it. Make sure you get a PPI, that it passes with flying colors, and that you have all the service records. If you really like the car, let they guy know you are interested in it but let it sit for a few weeks til he's "ready" to come down in price. From an individual, this is an unrealistic price. I know since I spent 3 months seriously looking not too long ago.

    I'll tell you one problem - red/tan cars go fast. In fact, I ended up getting my car because someone wanted red/tan. Mine is red/black. There are numerous different reds too so make sure you get the one you like.

    Scott
     
  10. jakermc

    jakermc Formula 3
    Owner

    Jan 17, 2004
    1,804
    Palm Beach, FL
    Full Name:
    Rob
    I'll buy every low mileage, fully serviced, no issue GTS you can find for me in this price range.
     
  11. fgg

    fgg Karting

    Jul 5, 2005
    143
    Dearborn, Michigan
    Full Name:
    Frank Guido
    Thanks for the info. As I suspected, purchase price opinions can vary quite a bit. I'll shoot for mid to high 70's as an offer and then let it sit, if necessary, for a while. It just seems from reviewing auto trader and cars.com that not many GTS cars are out there for sale, especially in red/tan. The added benefit for me is that this car is local which helps in the ease of evaluation and getting a PPI. My concern though is that the car has just had its 30K from Cauley and the dealer is representing, per Cauley, that nothing else is needed to be done to the car; yet I would be going to Cauley for the PPI--consequently, I am a bit concerned about a conflict of interest in dealing with Cauley.
     
  12. Tomf-1

    Tomf-1 F1 Rookie

    Jan 17, 2004
    4,528
    Leawood KS/ South FL
    Full Name:
    Thomas
    frank, your concern has merits, however, allow me to assure you (from personal experience that joe abernathy of cauley ferrari is one of the most honest and principle person i've dealt with. his staffs did the major on my 360. i hold him and his organization in very high regards.

    good luck to your endeavor.

    rgds
     
  13. Bobert

    Bobert Formula Junior

    Jan 17, 2004
    277
    Oak Hill VA

    You also have to remember that if you look at the overall production of the F355 model, take 25% of that number for the US production, divide that by about 2 (1/2 are spiders, the rest are GTS or Berlinettas) and then divide the remainder by the number of model years...that their are probably only about 400 GTS models in the US per year (maybe even less) then factor in all the color variations and that is why their are not a whole lotta cars to choose from out there when buying.

    Good news is you are not going to see one driving down the street very often! I love my RC/Tan 98 355!
     
  14. jakermc

    jakermc Formula 3
    Owner

    Jan 17, 2004
    1,804
    Palm Beach, FL
    Full Name:
    Rob
    There are actually much fewer GTS cars than that in the US. There were about 2100 6 speed models made and about 600 F1 models. So if 25% of the production run of 2700 made it to the US, you are only looking at 675 cars in the US.
     
  15. 355GTSF1

    355GTSF1 Rookie

    Jul 26, 2005
    41
    Northern CA
    Full Name:
    Glenn
    I recently bought my 355 GTS F1 for probaly more than I should have at 95k. I wanted a car that had been driven, not a garage queen, still had reasonable miles 14k and was properly maintained. And yes I wanted Yellow. Based on the production numbers of Yellow I'm guessing their are probably between 30-50 of these in the US. Forget the cash I love the car! Heading off to Monterey this weekend for my 20th wedding aniversary.
     
  16. Michael1

    Michael1 Karting

    Jun 27, 2005
    60
    Newbury Park, CA
    Just curious, do the GTS command more money that the Berlinetta's? I've heard of B's are going for the high $60s now.

    Michael
     
  17. jakermc

    jakermc Formula 3
    Owner

    Jan 17, 2004
    1,804
    Palm Beach, FL
    Full Name:
    Rob
    Yes. I think FML shows about an $8K difference between the Berlinetta and GTS and another $9K or $10K from the GTS to the Spyder. I have not looked it up in a while, so maybe someone can correct me if this changed.
     
  18. mondial86

    mondial86 Formula Junior

    Nov 1, 2003
    298
    MA
    Full Name:
    David Holmes
     
  19. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,484
    From my search, I am seeing so FEW GTSs that they are commanding a premium above the "driver" level Spiders (25k miles for $85k asking price). I would love to see a GTS priced between the driver Bs ($70k ask) and Spiders. The only one I've seen like that is NA Performances priced at $77.5k
     

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