See from around 8:17 onwards in below video... http://www.youtube.com/user/FgearTV#p/u/0/IRLkDYMne80 What you guy's think?
No matter what specialist auction houses say about the future values of the F355s. Owners on Fchat will always talk them down There are many many threads as proof of this factor. Thank god the 246 Dino owners did not do the same 5 years ago. Not that forums like this really dictate Ferrari values, but they would certainly jump on the bandwagon if the values did rise. Nicly made video by the way Sy
Hmmm.... never knew that the newer cars (newer than the 355) are more expensive to run. Stopped watching as soon as he said that.
I'm obviously new to things, but I find it hard to believe that 355s are going to go back up that much in the future. I know that I would not pay 100 grand for one given the expensive maintenance costs, etc; especially when 360s, even if they stay at current prices, are essentially the same price and cheaper to maintain from what I have read. I suppose the argument is that if 355s go up, the market for most / all of these newer cars will go up, and thus a 360 will be worth more. Either way, 100k is too much to ask / pay in my humble opinion (I realize owners have considerably more in the car if they bought from new, etc).
Its in his best interest to talk up the price isnt it ? 355 prices are never going back up. In 20 years time some perfectly preserved still wrapped in plastic cars may get snatched up by collectors for $100k+ but it will not be indicative of the overall market.
There is a 355 coupe, advertised for sale in Oregon at $39K for about 6 months now. I would say the only way for that car to sell is for the price to go down to $35K, maybe.
I do think the values are headed up...nothing dramatic...but certainly up. People do talk down the prices of F355s ad naseum on this site but the reality also is that the beauty (both visual and aural) is undeniable. People go nuts for this car. I had a guy in a Convertible M3 pull up next to me last week and say "THAT IS MY DREAM CAR! IT SOUNDS FANTASTIC!" Of course, he had to shout because my car is so f-ing loud now. Back to the vid...I had to chuckle about the Spider in the video. Looked like the top stuck half way up (or going down). GTS is sooooo the way to go but I'm biased.
Please be gentle..... I do think the prices are going to go up for a few reasons. It is true they are a pain and somewhat expensive to maintain but their beauty is undeniable. For that reason, fewer and fewer good ones are going to be on the road and there will always be that person out there that has the liquid assets to the premium for it. Ten years from now may be a little early but maybe not. It is far too expensive to restore one now so the number that get parted out is more and more and, in turn, creating fewer and fewer truly good ones on the road. Once the headers, valves and such are sorted out the maintenance costs really aren't that bad and we're seeing ingenuity kick in to get some of the previously super expensive things (think F1 pump) down to a more affordable level. Personally, I think they are incredibly reliable considering the technology and performance. Net, I think simple supply/demand economics will kick in at some point and good quality, well maintained cars are going to start to escalate simple because the beauty is undeniable and there will always be someone willing to pay for it.
While I wouldn't put a specific time frame on it, I've always felt the 355 is to Ferrari as the 993 turbo is to Porsche. How many polls have voted the 355 as "best looking" or "best sounding". Those are rather important things, for the most part, to be universally loved for and I don't think that means the value of these cars is headed for the gutter.
I agree 100% Try finding a 355 in Mint condition with a good history. I have been looking for over 6 months and just now found one. The price for great condition 355s will go up. Personally, I really don't care either way. I will be happily driving mine until I can no longer drive.
typically the people posting here how 355 prices are dropping like a rock are the guys hoping to buy one someday. I'll be right back, I need to make some posts in the 360 forum about plummeting Stradale prices Seriously, most of the 'big' issues are now fixed or have lower cost fixes now. If guides are fixed (or if it's a '98-99), aftermarket headers are a one time fix for a few $k, on the F1 in the rare case the pump does go a 360 pump can be fitted now, etc. The only real knock is having to take the engine out every 4-ish years (choose your timeframe). All in all, mine has been fantastic, zero maintenance surprises / disasters.
I would not count on it. In 1998, I bought a 1992 pristine very low milage red 348TS for $50k. When I did, I had read that its price had bottomed out (well that was true) and that it would only go up from there (well that was not true). In 2002 I sold my 348 . . for . . . $50k. Today, you can buy that same car . . . for . . . $50k. And that guy in the video gives 348s quite the props, like he did the 355, which I consider a more beautiful and superior car to the 348. I think the best 355's (1999s) will bottom out at $60k in price for a spider and $50k for a Ber, and for most of the cars, will not go up from there by more than $10k or so. 348 prices have seemed to bottom out at around $40k now and $50k for one like the one I had, which has not changed much in 15 years. If you see any creep up in value for 355's, I would say red 1999 355 spiders in perfect condition and with very low miles will be the cars that will command premiums, but $100k? Not for cars people actually drive on the street. True collector never-put-a-mile-on-it cars that occupy argon filled collector showrooms, sure. Ok. I can buy that. That said. I do agree that the 355 is a classic and one of the most beautiful Ferraris of all time. I feel the same way about the 328.
Nice inputs all. Here's my contribution. I buy 355s that have been totaled. Between I and the big time players with Ferrari wrecking yards, I would say the 355s that get totaled and are not road worthy (Certificate of destruction) and are destined to be parted out range between 4-10 cars annual. Do the math. For those who know how many 355 were imported to USA between 1995 -1999 and take away the unfortunate fact of the totaled vehicles, in the last four years approximately 16-40 cars have been put under the chopping block. Approximately 2-4 355s per year end up not being rebuild on top of the 4-10 cars being chopped. In total we have about 10-14 cars per year that are taken off the roads. If this trend has been happening for the last 10 years for example, we have about 100-140 Ferrari 355s that do not exist anymore. And this is just for the last ten years. 150-200 for the last 15 years. What I am trying to get to is the increase in values on the 355s. Everyone's input is well respected and in my opinion, 355 values do not have any more room to decrease. I dont think we will be able to purchase a 355, even in need of service and other minor stuff in the 20s. For those of us who have a 355, lets keep our fingers crossed. For those who dont have one, uncross your fingers and buy one maybe two you wont regret it. As the years go by and more 355s end up as parts cars, the values will skyrocket on these cars. Look at the 328s or 308s. 87-89 nice 328 goes for 35K roughly. About the same price as the 95 355 in need of service.
nice input your self allot of sense in what you say. And this will clearly be happening world wide. There have been quite a few destroyed 355s here in the UK in the last 5 years to, i know of 3 myself that belonged to people i know. Then you have the UK exotic breakers that are never short of 355s.
i think the 355 fills a niche that no other V8 ferrari fits, like the 308/328. it is the last "small" car, the last with rear buttresses, the last wedge car, the last with small displacement V8, the last car that was initially designed with a manual trans, 95s are the last non-obd2 cars, last car that was a targa, last car with popup headlights, and it's semi modern for increased usability. those who want the old school flavor but don't want to go classic only have a 355 from which to choose. i think there will be more such people as the model ages. will it go to 100K? probably not for a long time, but it will have its following and that will keep prices steady.
Agreed. There were only about 10,000 or so 355s made. About half of them came to North America and that number may be a little high. When you take into account how many good ones are left out of 5000 and I would guess less than 1000. Then consider the fact that a true Ferrarista driver, collector of these cars will only go for the Berlinetta then the numbers get even less. I know that many love the spider and targa but a "real" sports car is all connected, top and bottom. The majority of people who buy a Ferrari buy spiders because they are just sunny day cruisers and like to be seen in a beautifull car. Thats all fine and good. Now the main reason that 355 prices have dropped other than the economy is because they have to have the engine out for service and many have avoided the service because of that. Thus we have many 355s for sale that have gone past the service or are in need of one or have had one done by joeblow around the corner. Othrers have just been driven without any service at all. The above examples are the majority of 355 stories. The ones that have been driven and services properly(key word here) are the ones that I would buy. The rest will sell at a huge discount.(thats why the average price is down) I have my perfect 355. Anyone that wants a perfect example has to spend a long time looking for one and that can take up to 2 years. Many "real" Ferrari mechanics will tell you the one to own is a 2.7. When found the engine comes out for service and you do the guides and replace the headers along with other incidentals the most impotant being Dave's gold connector kit. Once this is done, you have a car that you will fall in love with forever. Now that is a 355, the rest are just used and abused and many in here that talk about them coming down in price have always been doing that and will never own one. Those of them that do are the ones that cant afford the service and that takes us back to the beginning of this post.
