F355 Market | Page 113 | FerrariChat

F355 Market

Discussion in '348/355' started by Robb, May 19, 2015.

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  1. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
  2. ricmat

    ricmat Formula Junior

    Aug 29, 2016
    345
    London, UK
    Full Name:
    Ricardo
    Obviously significantly cheaper.

    Just too many f355 and ridiculously expensive to maintain




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  3. kenneyd

    kenneyd Formula 3

    Sep 30, 2014
    2,018
    NE FL
    Full Name:
    Ken
    I'm curious on the ratio of dealer /indy maintained vs DIY in the Porsche community compared to the Ferrari community.

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  4. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    Thats what i figured plus this board, as helpful as it is, scares people away from the 355. For me the 355 is my all time favorite car and after looking at a few and reading "horror" on here, I went with a 575 which has been just awesome. Still love the 355 but I saw one that had receipts for $27k from one job and said thanks but no thanks. I love the 575 not needing its engine to come out for work.
     
  5. ricmat

    ricmat Formula Junior

    Aug 29, 2016
    345
    London, UK
    Full Name:
    Ricardo
    A colleague of mine has one he has had for about 15years now. Maintenance/repairs receipts in the 80k+..


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  6. flat_plane_eddie

    flat_plane_eddie F1 Rookie
    Owner Regional Sponsor

    Mar 30, 2013
    3,168
    DC
    Full Name:
    Eddie
    What the hell has been repaired to the tune of 80k on it?
     
  7. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,256
    i definitely dont get it. 355 is art
     
    Yassa likes this.
  8. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,765
    Lake Villa IL
    I disagree.

    Cheaper yes but not cheap. They have plenty of issues, sunroof problems, oil leaks, SAI (engine out to fix) valve guides (engine out to fix) steering rack leaks, I could write a huge list. There was a folder over an inch thick of service receipts with my 993 that I sold and all of it was expensive.

    Still, what would a 97 F355 with 50k+ miles go for? Maybe 60 with -all- maintenance done?

    So pay another 52 thousand dollars for a 993 that doesn't have comparable performance to "save" money on maintenance.

    Not adding up to me but that's just my opinion!
     
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  9. brian0473

    brian0473 Karting

    Mar 14, 2010
    190
    San Antonio, TX
    Totally agree with INTMD8 on this one. I was in the market for a 993 and as they rose I waited for them to cool off and they just never did. Gave me a great excuse to look seriously at the 355 and even though I am about to invest in a major I’ll still be waaay under the money for a far more exotic and special car.
     
  10. Skippr1999

    Skippr1999 F1 Rookie
    Silver Subscribed

    Dec 22, 2009
    4,510
    It really is a ton of car for the money
     
  11. FrederickWhite50

    Feb 22, 2018
    9
    USA
    Full Name:
    F. White

    much much cheaper to run a 993 than a 355 of course...plugs hard to access, not much room to work with the rear engine but a bumper pull makes like easy for most routine work
     
  12. Ajax de 1e

    Ajax de 1e Formula Junior

    Feb 21, 2014
    904
    Holland
    Full Name:
    Steef
    Much much cheaper to run a 996 GT3 (mk2) than a 355.....dilemmaaaaaa ;)

    And a big big world of difference in quality!!!! Not a big difference in emotion :)
     
  13. taz355

    taz355 F1 Veteran
    Owner Silver Subscribed

    Feb 18, 2008
    6,016
    Indio Ca/ Alberta
    Full Name:
    Grant
    I guess everyone has a diff story. I bet mine is close to 40 in almost 15 years but likely under 10 in required maintanence and 30 in other stuff.
    Some things add up quite quickly, i do not really care because I love the car.
    Not really maintenance but headers muffler intake ran me 15k you could argue preventative maint or who knows.

    If you are a diy they are quite reasonable once they have been brought up to a proper spec and drivin at least weekly.
    I find mine costs me way more in cosmetics than mechanical if you want it to all ways look very good.
     
  14. DarkHorseTerence

    Oct 25, 2012
    82
    In the UK when I compare the price of a 355 to the advertised prices for other contemporary Porsche, and to the new breed of classics like Ford Sierra Cosworth (£50k anyone?) or NSX or E39 M5 (again £50k anyone?), Peugeot 205 GTi £20k-£20k, Ford RS2000 etc etc the 355 is an absolute bargain. It is a world away from some of those cars in terms of pedigree, driving experience, and presence.

    With regards to running costs, yes there are good cars and bad cars, cars with solid strong history and poor history and neglect, but also if you are an enthusiast owner, who pays attention to details and has mechanical sympathy, then the 355 is not to be afraid of. Spending time and effort in maintenance rather than just rolling it into a main dealer can be an important part of the relationship with the car and preservation of fiscal sanity!!!
     
  15. bjwhite

    bjwhite F1 Rookie
    Silver Subscribed

    Mar 17, 2006
    4,806
    Seattle, WA
    Full Name:
    Brian White
    E39 M5s are £50k? Wow, that’s nuts.
     
  16. ricmat

    ricmat Formula Junior

    Aug 29, 2016
    345
    London, UK
    Full Name:
    Ricardo
    Guys - in reality, truly what % of Ferrari owners do you think maintains their own cars? This is a false argument.. of course the vast majority of people take their cars to dealers/mechanics

    And so it seems - it’s also when most people decide to sell theirs... just after or just before..


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    612Sc likes this.
  17. joe1973

    joe1973 Formula Junior

    Nov 12, 2016
    286
    NJ
    Most important for me.... when I turn the key on my 355 and the engine roars to life my exhilaration level is much higher vs. same action for my past Porsche 993 and 996GT3 cars. As for cost comparisons since I tracked my Porsches their upkeep is waaaay higher that my current 355. Track tires at almost $3k per year, pagid brakes and multiple bottles of Motul almost $1k per year and yes track fees, hotels etc. Dont have the same desire to track a Ferrari for some reason as I feel they are simply more precious `pieces` similar to art though I do like to hit 8500 and heel-toe my 355 at off ramps which gives me the same goose bumps as being out on the track.
     
  18. Roth

    Roth Formula Junior

    Apr 1, 2016
    433
    Pepsi Generation
    LoL 113 pages. I thought there would be an understanding by now. It all comes down to desire, affordability and the latest greatest factor. I’ll keep it short. The 355 is strictly a desire factor. For the majority owners, it out weight anything lease. People want to point out the maintenance cost to devalue the model. On the flip side, it makes it more valuable. Think about it. What makes an object valuable is its desirability. The fact that owners willing to pay more for upkeep, makes it very valuable. Otherwise why pay more to keep it when other cars are cheaper to maintain. This fact however gets clouded by the second and third opinion.Those who can’t afford it justify so by emphasizing it costs too much to maintain but as soon the time is righty, they buy one. Then you have the third opinion from guys who come on here sayin they have two other Ferrari, a Lamborghini. Live in a 20 room mansion atop a hill and complain about the 355 maintenance cost. Who are we kidding. They all want a 355. Either they can’t afford it or it’s not the latest or greatest. In other words, the WoW factor isn’t there. The 355 is worth between 250 to 500k. It’s not because we allow the second and third opinion a platform based on dubious logic. When someone tell you “a friend knows a friend who has a 355 and he paid $90 thousand for maintenance cost”, there’s your sign. It’s always a third or forth person account. In children fairytale, the story flies. In adult literature, it’s call bull****.
     
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  19. ricmat

    ricmat Formula Junior

    Aug 29, 2016
    345
    London, UK
    Full Name:
    Ricardo
    It’s actually not ******** at all.
    He’s my work colleague. I have seen the receipts. Now, he loves the car and can afford it, so he maintains the car and loves it.

    ...this not to say that it makes the car less appealing to many who could afford the price, but not the upkeep and end up having to sell them




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    Robin likes this.
  20. Roth

    Roth Formula Junior

    Apr 1, 2016
    433
    Pepsi Generation
    Let’s define “maintenance cost”. To me it’s the cost of upkeep to keep it operating. This cost is associated with worn out parts and the labor that goes with it. It does not pertain to owners “stupidity”. Case in point, if someone spends 60k on a typical engine out service and complain about the cost, not the car. It’s his stupidity. I’m not a mechanic but I’m surrounded by the 344/355 Stooge whose experience spans a few hundred years. An engine out service is low as 5k to 10k. If an ow Dr let his car sits for 15 years and finds out it needs an engine rebuilt in the th e of 30k it’s not the car. It’s his stupidity. I can go on telling stories but the plot is the same. Stupidity is not the car fault.
     
  21. Roth

    Roth Formula Junior

    Apr 1, 2016
    433
    Pepsi Generation
    What I’m getting at, let’s not factor in owners stupidity into the car maintenance cost.
     
  22. Robin

    Robin F1 Rookie

    Nov 1, 2003
    2,931
    Arlington, VA
    I don't know what it is about the 355 that brings out this sort of nonsense in people, but come on man. People point out the maintenance cost because it is what it is. No one is trying to devalue anything, nor could anyone devalue something like a specific model of car by griping about it online. Ask any professional Ferrari mechanic who's been in the business for a while and they'll tell you the 355 developed its reputation for being a PITA right around the time it was introduced. This isn't some conspiracy. It's one of the best looking, best sounding, entertaining cars Ferrari ever made, but it's certainly not the best engineered.

    Actually no, I had the stack of receipts in the car when I sold mine and know several people in my area who spent as much and more than I did to keep their cars running. I spent almost two years searching for the car I eventually bought and a vast majority of the ads included an accounting of the maintenance receipts, usually in the tens of thousands. I can't wrap my head around why you can't understand this and insist on calling everyone liars, but I suspect you're just a troll and I took the bait...
     
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  23. ricmat

    ricmat Formula Junior

    Aug 29, 2016
    345
    London, UK
    Full Name:
    Ricardo
    I have full detail by memory, but think he has been doing:
    1) engine out every 3 years
    2) had issues with roof hydraulics (recent)
    3) had issues with valve guides (once, long time ago, but expensive)
    4) had couple cracked headers (also expensive)
    5) had issues with CELs (don’t know the details, but remembered he said expensive)

    Remember he had a few more issues here and there, but I just don’t know

    All in all, over the time he has spent a lot of money





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  24. thorn

    thorn F1 Rookie
    Silver Subscribed

    Aug 7, 2012
    3,324
    Tallahassee, FL
    Well, let's do some easy math using your own numbers.

    - Owner A has his belts changed every 3 years, at $7K (using the average of the min/max cost you listed above) per shop visit. In 15 years, he has spent $35K.
    - Owner B let his car sit for 15 years. His rebuild cost $30K

    The guy who let his car sit neglected for 15 years spent less.

    There are owners in this very thread giving first-person accounts of their impressive maintenance expenses, but you seem to ignore that data. Or you think they're stupid owners, I can't tell which.
     
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  25. flat_plane_eddie

    flat_plane_eddie F1 Rookie
    Owner Regional Sponsor

    Mar 30, 2013
    3,168
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    Full Name:
    Eddie
    Sorry Roth but you're wrong on multiple levels here and making some assumptions. For starters, the engine out is an expensive endeavor. On top of that, the car has certain issues which need to be addressed which cost money. Granted, once fixed they're gone but you're still talking about $10k at least.
     

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