Gated Manual 360 Coupes - Modena Market

It had 49k miles and it’s black, probably not the most sought after color on a 360

 

Yeh black coupe with miles.

This did great:

https://bringatrailer.com/listing/1996-ferrari-f355-spider-11/

 

Also had lights on for catalyst efficiency and secondary air. That for sure probably scared a few bidders away


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I realize there is a small group of people that love black/black cars, however, this indicates to me there is still a mileage cliff, it's just moved up 20k miles to 50k... I think this is the first gated 360 modena to go for <$100k since a blue pozzi/black in 7/21.

https://bringatrailer.com/listing/2000-ferrari-360-modena-44-2/

 

Yeah the mileage cliff will shift over time. 30k being high mileage for a ~10yr old car will creep up as these cars enter their 20-25 year mark.


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I wouldn’t put too much stock in it as I mentioned earlier. I told bidders it is due for a major so that was 6k right there. Factor in that my car would require major adjustments to be registered in California and many bidders were out from day 1. With the major it was a 110k car. If it had stock headers and the a Tubi it was probably 105-110.

 

Didn't feel it was worth it to return to stock and sell the aftermarket parts? You can usually find stock cats pretty cheap since nobody wants them and everyone replaces them.

 

I didn't say that, it's just doing that can and does scare a lot of people. The car is amazing and personally, I wouldn't want to change out the headers because the sound is otherworldly. I'll never find something like it again. The issues with the car are fairly easy to handle. A major is 6k from a good shop. $1,000 if you have the time and skills to do it yourself. I believe if you returned it to OEM headers, took off the front bumper to fix the grilles and headlights, and resprayed the bumper for the bottom scrapes, you'd spend maybe another 5k. Throw in 2k-3k for miscellaneous cosmetic fixes that someone might want to do, and you're all in for 110k. It's now a 120k 360, easily.

 

Do you have any idea if the variators have been upgraded?

 

I only have service records to 2011, and there is no mention of it in there. If it was done, it happened before 2011.

 

In addition to the needs/emissions speedbumps, I'd guess buyers were spooked by the market yesterday. Such is life with BaT... no idea what could happen the day the auction ends.

 

With inflation compounding around 15% for the past two or three years, the asking prices for 360s is a bit higher than where they were in 2018, but not outrageously more. Back then, I was looking at a 15k mile car costing 115k which today is around 135k according to usinflationcalculator.com. This doesn't seem that far off from today's asking prices.

As kids who grew up at the turn of the millennia gain disposable income, I would think these lower mileage well maintained gated examples will become even more valuable in the next 10-20 years.

Prices do seem like they're softening a bit with everyone nervous about the economy and the stock market. But I think these will do well in the future especially as one of the last gated Ferraris ever made.

 

Gated 430’s are around $200k so I’d imagine it’ll pull the gated 360’s with it in time.

 

not shabby
https://bringatrailer.com/listing/2004-ferrari-360-spider-59/

 

And needs a major last was in 2016!

Funny the modular wheels were an additional cost option, but I don’t think they’ve aged well.

clicks all the boxes for resale - color, seats, car fax, shields, relatively low miles.

 

The modular wheels are the only ones that look right to me. All the others look lame.
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I like silver 430 wheels or scud wheels. S line or kline exhaust is a must also.

 

That giallo gated with sun roof is really special. Those wheels do look great

When I was shopping years ago I sought modular wheels. I guess my tastes have changed.

now My 1st choice is CS wheels, then starfish.


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Oooff……std me….I bought at the peak and will probably sell at the low. lol

 

Here's an insane deal, probably, in Florida: https://www.facebook.com/marketplace/item/839950080583200
$60k, rebuilt title, zffyu51a620127111, in Florida. Red on Tan with Daytona seats. Front bumper is a bit off, probably needs a decent amount of work, but might be worth it to someone here.

 

From my experience, a rebuilt title is a car you will never sell, or a spare parts car. BAT does not accept rebuilt titles, and most auction sites that I know of don't.
Ask me how I know!

 

2002 Modena in a perfect color combination, only 16,000 miles, gated manual, claimed to be running and driving, rebuilt title and some cosmetic needs, all for $60,000? It's either insane deal or insane amount of trouble.....

 

Oh but—/ perfect hpde track rat build!

 

"Just 10 years overdue on the timing belts, needs a brake job and a couple oil leaks fixed.... oh and variators never got updated."

(Very tongue in cheek i have no knowledge of the car in question)

 

BAT also does not accept exotics in perfect condition and with perfect titles if they have too many of such at a moment or if some gate keeper at BAT has a bad day - they have become very selective lately. eBay and some others will take rebuilt titles, such cars make perfect drivers or race cars.

The key is either a thorough inspection or having photo history of the repairs. Frequently a very minor damage can be repaired without making an insurance claim and a clear title car is sold. Or an insurance company totals the car for the same damage - a dented bumper and fender (which they do to Ferrari unlike to all the cheap cars) and the same car can be sold as rebuilt title. No difference, except for the car price.