Found 355 - Need Opinion on Price

I would spilt the repair cost in half. So if the repair is 10K, just knock out 5K of the selling price.

That what I would do.

Tal

 

I say $55K

 

I say 58k to 60k

Then your into the car for 70k with everything fixed and nothing to do but drive it!!!!
If you really want that car and the seller won't move on the price, you must decide on if it's worth it to keep looking and hopfully finding another one.
Every PPI is 500 to 800 and all your time in looking/finding a car adds up...

Good luck with the deal and or seach..

 

Cashiers check in hand?
That was important for us to know.

50,000 for the car, cashiers check or financed, 50,000 either way.
Repair is going to be 10k at minimum.

 

The Labor and parts for the engine in and out is typically $6500. the machine work and valve guide and potential sleaving and valve replacement will likely be another $10K-15K. If you are not planning on $20K repair you are making a big mistake. - voice of experience. I've had the engine out of may car 3 times at two different Ferrari dealers - the last time for valve guides which you need - which by the sound of it you're going to need valves with the test results you have. Oh by the way plan on new CATS!

 

I'm not an expert or an owner, but it sounds to me like the previous owner threw away a major two months ago - those are the worst compression numbers I've seen posted here, and just barely meets the compression spec (150 psi) and busts the variance spec of 10% with 12.5.

Don't expect to get any change out of a $20k bill. Eugenio's charges $13k for a major and top end job, and it sounds like you may need valves also. The liners are another thing entirely... A complete rebuild seems to be about $25k, IIRC. (Remember, this is just the stuff that we know about...)

The good side of getting it done yourself is that you know that the work was done, and (hopefully) done properly.

Sorry, but it's in your best interest that I ask - Is this really the best F355B for you?

 

I think he's just saying he's a second away from making the deal. I don't think he was bragging that he was paying cash...

I do agree with your pricing though. I would say 45k-50k. And yes, I realize thats very low but you have to put a lot of money into it and its a buyers market from what I've found... best of luck

 

Find a different one that is running great and in great cosmetic condition for 65K. This car sounds like a dog that will sour your Ferrari experience. What sucks more than buying a car and having to dump big cash into it?

Stick to the 95 GTB's though, they are the best deal to be had, provided the car is running properly, and be patient. Those leakdown #'s look scary, as well as compression #'s. What else might you find, with a car that doesn't have a good engine?

Sounds like a "nice" guy trying to dump his car. No offense to the seller, but 64K for a 1995 355 in need of a valve job (who know what else?) in the current market? Not fair, even with the 30k service and the headers, cats, and clutch. Keep lookin' bro, these cars are definitely worth the legwork. You will save money buying a good car instead of buying a POS and bringing it back up to spec. I found a great 95 back in 2007, before the economic downturn, with a great engine and all the stuff you listed for very close to the price you are negotiating on. The car has been great, and really, really fast. Never been in the shop for anything more than a fluid swap.

 

If you are attached to this car mid to high 50s. I agree with the other posters that the valves are just the tip of the ice berg. I would not drive my car in that condition and would disclose to anyone buying it that the valves needed replacing. 30K, valves, and mainfolds on my car were just over $20K. I would look for a better maintained car with no or only cosmetic issues.

David

 

My opinion is 55-58k for the car. 64k is a good price if it didnt need a valve job.

 

David who did your work?? I had a 99 355 and had the valves replaced, heads machined, new tubi headers, hyperflow cats as well as the major and it cost under 20k.

 

Post pics when you get her......

 

Good luck!!! As long as you feel good about the deal everything else will be fine...

 

Mario, you and I PMd each other years ago when you had one of several of your 355s and 360. Will this one be a permenant addition to the stable ? I still have my same 355, it been over 5 years.

 

WOW.
Just did my work at Import Specialists with a new clutch and major service= 23,000 dollars to Adam.
My compression numbers were no where as bad as those that you are reporting on the GTB

Car runs like a dream but I thought that my wife would not tolerate another major every 3 years so the car was put up for sale.
Only difference between your potential car and mine
GTB VS GTS
23k miles v29.8 k miles
No trophy v 3rd place Hartford Concourso
Oh and the fact that the valves and valve guides are brand new on mine
Could not get anyone to buy my car for more than 60k despite the monies invested

Took the car off the market Too valuable for it to go at fire sale price.

Good luck

 

Did you have other work done besides the above for $23K?

 

Also a pic of the cashier's check. Need to know if The Experts here were right.

 

No kidding.....

 

What we did:
1) 30K Engine Out Major service with water pump rebuild
2) Valve job-new valves, guides, and seals
3) Clean and resurface Heads
4) Clutch Kit with new T/O Bearing and Flange
5) Half Shaft Boots-both sides
6) Cooling Fan/Motor on Drivers side
7) Rear tires

 

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Great pics!!!

 

Nice..

 

I really am admiring our work! The advise I would give is DOCUMENTATION, with technology today anybody can create an invoice for a big service. It is amazing the cars for sale, when you check into a service history, they suddenly don't have one. We document every service with pics also.