F355 low miles high price justifiable?

No.... Show me one car maker whose cars are worth more with higher mileages...May not be logical or fair, but lower mileage cars will always be worth more money to potential buyers on average..

 

+1 .......... it is true ...... though some 'low mile' buyers do not plan on driving them much. I myself use condition of the engine/body/chassis/interior as indicator of value. I have seen cars in horrific condition with "low miles" .......... I don't believe odometers unless the 'condition' matches.

 

+1

 

I brought my car with the intention of driving it, I am not sure I knew what the miles were before I brought it, it certainly had no influence on the price, I buy all my cars on condition not "miles".

I agree with what Goth said 100%.

 

every ferrari is exactly like a blind date, you never know what you are getting in to. you just never know what will happen with any ferrari. A rule of thumb i guess, an fcar with up to date service is obvious a premuim, but i think a lot of people claim they would rather save on the service and have it done themselves.

im just an nsx owner obsessed with the 355

 

I know what will happen with any Ferrari....You will spend tons of cash.... Regardless of mileage...

 

I agree.

I think a low mileage car makes sense only if a) you are keeping it as a garage queen - running it sparingly AND b) you plan to get rid of it in a relatively short period of time (<3 years). It is well established that low mile cars are easier to sell - there seems to be a mental block for prospective buyers to buy anything with over 30,000 miles on it - maybe they think the wheels will fall off mysteriously

But anyone wanting a car to drive, would be better of with a car that is well maintained and has the usual bugs sorted out. As Goth said above condition and not miles should be the determining factor.

 

As long as you plan on truly driving the 355, (like more than once a month, and the way the car was designed to be driven) OR you have insane amounts of money, a high mileage 1995 355 with all the kinks sorted is the only way to go. Will they ever be worth more than a low mileage 99 with original headers/valve guides? H$LL no, even though you may have to spend $30,000 the first year of ownership.

 

Let me see..

Low mileage car:
- Higher initial price
- Much higher maintenance
- Higher depreciation if you use it (far be it for one to drive a car they own)

Higher mileage car:
- Lower initial price
- Less maintenance
- Lower cost/mile during ownership

I guess the ignorance of buying an odometer and 'saving' the car for someone else is much more expensive than the 'problems' with buying a higher mileage car.