Is it possible for first ferrrai ? | FerrariChat

Is it possible for first ferrrai ?

Discussion in 'Ferrari Discussion (not model specific)' started by Paneraiman, Aug 2, 2015.

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  1. Paneraiman

    Paneraiman Rookie

    Aug 2, 2015
    3
    I have budget of $60K for my first ferrari and $5K per year for maintenance .
    I like 456 or 360 . I have 07 Porsche Cayman for 5 years .
    Am I ready for my first Ferrari ?
     
  2. michaelantho

    michaelantho Karting

    Sep 15, 2014
    63
    Longmeadow, MA
    Full Name:
    Michael Smith
    I would think you need 70-80k to get one well sorted out. I bought my '03 360 for 80k with 7700 miles, but had to drop $10k to get it perfect. 6k miles later it has been a great and dependable car. Good luck!
     
  3. roma1280

    roma1280 F1 Rookie
    Rossa Subscribed

    May 2, 2010
    4,836
    Palm Beach, Roma
    Welcome to Ferrari chat. I agree with Mike, I think you probably need $70-80k for purchase plus any deferred maintenance for a 360. 456s can be had for under $50k but you can easily spend $25k on shocks and the long list of everything else that a 456 will likely need. (A friend of mine just spend $25k on hers).

    The 2 cars you have just mentioned are extremely different in terms of character and usability which makes me think that maybe you haven't had a chance to drive them both. You didn't mention 308 or 328 which are actually simpler to maintain and offer a great driving experience (and I think arguably are better looking than both cars above). I think for $60k you can probably get a well sorted 3x8 of some sort and providing the car starts out in good shape, I think your maintenance budget is probably ok.
     
  4. vrsurgeon

    vrsurgeon F1 World Champ
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    Dec 13, 2009
    16,573
    Charleston, SC
    Full Name:
    Curt
    You didn't mention if you do your own work on the car? Maybe.. if you can buy one (a deferred example) for $60k, and you can do most work on it yourself perhaps the answer might be yes. But if you have someone work on it for $100/hour plus parts it might not be as feasible. Two biggest jobs are the clutch and timing belts on either car. Get those priced in and see if the cars need both on the onset if its still affordable.
     
  5. southnc

    southnc Formula 3

    Dec 25, 2013
    1,765
    Charlotte, NC
    Full Name:
    Adam
    For a well-sorted 360, I would think 80K range. Also, make sure you go for the manual gated transmission over the F1 semi-auto.

    For 456, that amount should be fine for an auto. You may have to pay a little more for a manual version, which I feel is much better than the GM-sourced auto.

    Good luck.
     
  6. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,778
    Ontario, Canada
    Full Name:
    Mike
    You are not quite there yet.


    You will need at least another $20,000
     
  7. 360+Volt=Prius

    360+Volt=Prius Formula 3
    Silver Subscribed

    Sep 1, 2013
    1,762
    Western Mass
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    Raimondo
    +1 and if you are ok with perhaps a lengthy driving hiatus while you save for repairs or learn to do it yourself. If not then wait a little longer, as you are a little off (?partial financing- can get decent rates but that's a personal choice). Life is short and you may get a curve ball or beaned by a fastball at any time. Trust me, happened to me x2 . Also best time to buy may be late fall early winter to find best buys (especially) for spiders.
     
  8. ar4me

    ar4me F1 Rookie
    Owner

    Apr 4, 2010
    3,114
    Southern California
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    Jes
  9. boxerman

    boxerman F1 World Champ
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    May 27, 2004
    19,872
    FL
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    Sean
    As others have said, two completly different animals. The 360 may be a more authentic experience.
    Possibly you could get a 355 that someone else has spent the $$$ sorting for your price.
    5k a year for a sorted fcar sounds right. Some years will be less some more, it will average out.

    Most f-cars that someone is selling need sorting, just like most older houses need some work. However if you can find gems from single owners that were properly maintained.

    Dont follow 360s too closely but possibly for 65k you can find a good one if you keep looking.
     
  10. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,607
    Gates Mills, Ohio
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    Jon
    I agree on the 308/328 (although a $60K 328 is probably a needy car at this point...), but they are a very different driving feel from a 360 and especially a 456. The latter two are much larger, have more modern conveniences, etc. So, it depends on what the OP wants in his car.

    I would say $60K is pretty low, though, given that any car will need a cash infusion once purchased. A 456 may be doable, and certainly Mondials and the 400i/412i, but for someone coming from a Cayman I think a 360 is a more natural progression.

    I'd bank some more cash and wait for 360s to continue to depreciate a bit more. Time might also bring an F430 into range, which IMHO is a much better car and likely less expensive to maintain.

    For $60K right now, I'd grab a Lotus Exige, actually, before those get expensive.
     
  11. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    Mar 30, 2013
    3,168
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    Eddie
    Sorry to hijack, but why are the shocks 25k??? Is that for the OEM ones? Surely you can find way cheaper aftermarket shocks.
     
  12. roma1280

    roma1280 F1 Rookie
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    May 2, 2010
    4,836
    Palm Beach, Roma
    #12 roma1280, Aug 3, 2015
    Last edited: Aug 3, 2015
    Actually I just found the estimate for my friends 456, the total was $17.5k actually

    new rear tires 787
    timing belt replacement 3,028
    all fluids 2,114
    faulty alternator 1,757
    front cover gaskets 796
    both side window glass adjustment 1,182
    oil pan gasket 789
    new wheel caps 261
    left headlight motor 1,030
    rear shocks 4,961
    full detal 424
    shop supplies 100

    total 17,565
     
  13. lear60man

    lear60man Formula 3

    May 29, 2004
    1,829
    Los Angeles
    Full Name:
    Christian
    And this is why Ferraris (or insert any other make) are expensive to maintain at a dealer. $1,757 for an alternator....it should cost less than $300 to rebuild or $500 for a rebuilt unit. $1,182 to adjust the side glass? I rebuilt my window motor and removed the glass during the procedure, so adjusting the height was part of the deal. The above owner payed $1,182 to remove the door panel and touch two window bolts on the cables. Its not rocket science, 45 minute job at worst. $2,100 for fluid change? Ouch. My TR holds of lot of fluids. I paid about $500 to my trusted indy because I know the coolant shoots out everywhere when released. That covered Oil, Filter, Coolant but I bled the hydraulic fluid myself.

    The 456 self leveling shocks can be rebuilt with a lifetime guarantee for $500:

    Ferrari 456 rear Load Level shock rebuild service LIFETIME WARRANTY

    OP, You are in the neighborhood with your budget. Be patient as historically prices dip a little for Exotics when the weather starts to get cold. If you can turn a wrench and spend the time to do some research, owing an Exotic doesnt have to break the bank. With that said, buy the best example with the most records/history you can afford.

    Part of the joy of ownership is knowing your way around the car with a wrench. It takes away the "OMG what is that light/noise/vibration". Chances are you are not the first person to have a specific issue and the solution can be found within this community. We are all here to help. Its just a car.....an expensive beautiful car, but a car none the less.
     
  14. roma1280

    roma1280 F1 Rookie
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    May 2, 2010
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    Palm Beach, Roma
    Absolutely, which this expensive list shows. Just trying to keep it real for our new member!
     
  15. Jana

    Jana F1 Veteran

    Mar 4, 2015
    9,872
    I paid $76k for my 360. It's a Spider and Rosso Corsa which often gets a premium, so a good price, BUT it did need some work due to sitting for a long time with no good care. I have put 19k into making things perfect again. I think you might need a bit more on the front end for purchase and to get the car up to spec.
     
  16. ferraristyle1

    ferraristyle1 Formula Junior

    Aug 2, 2013
    264
    Baltimore, MD
    360 coupe with F1 and above 30,000 miles you may be able to get into for 60K. I just met a guy this weekend who paid a bit over 60 for a nice 01 360 coupe F1. If you could get thru an auction 100% 60K but there would be no way to get a PPI.

    Get a 360 over the 456 all day long. 360 "should be" cheaper on maintenance all the way around.
     
  17. lear60man

    lear60man Formula 3

    May 29, 2004
    1,829
    Los Angeles
    Full Name:
    Christian
    Thanks Roma. Its nice to see dealer invoices so that other can avoid pitfalls. Thanks for posting it up.
     
  18. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,607
    Gates Mills, Ohio
    Full Name:
    Jon
    Good data point.
     
  19. Paneraiman

    Paneraiman Rookie

    Aug 2, 2015
    3
    Wow ! You guys are a lot nicer than Porsche board lol . Thank you for all comments .
    It's sound like I need to raise my budget to minimum $70k to find a nice 360 .
    I think I will cross 456 off my list . I am coming off 07 Cayman so I am still like a little bit of modern features . I know it's hard with my budget .
     
  20. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    F1 or stick? Stick will have one less major potential maint. issue, will hold value better and be a different driving experience, but will cost you more upfront and be generally more difficult to find.

    Your profile isn't filled out so I don't know where you live, but prices generally have a seasonal decrease as the fall comes and winter months approach...

    My advise is to keep researching vs. just trying to jump in (456 vs 360 are two totally different cars- make sure you know what you want and what you are getting into!). It takes some patience- I know it's tough (took me 6 months to fine the stick 360 I bought that was the right car for me, and then maybe 3-4 months to find the right F355 spider- in both cases lots of research into the nuances of each model before searching, and I quickly realized I had to search the whole US vs. just the surrounding states...) but it's worth the homework.
     
  21. nerofer

    nerofer F1 World Champ

    Mar 26, 2011
    12,084
    FRANCE
    Yes Paneraiman, it would be useful to know where you are living, just to give you "sound" advice.

    You are speaking in US dollars, so I guess you're living in the US...

    And it has some relevancy to your search: in Europe, for 60.000 euros, you could get a decent 360...BUT you will have to almost double that to get a decent 328 these days...

    Rgds
     
  22. Alden

    Alden F1 Rookie
    Rossa Subscribed

    Apr 25, 2010
    3,676
    Central Florida
    When it gets cold and wet and the wife wants to park her car in the garage again you start hearing "Why don't you sell one of those things? Like the red one, you never drive it anyway." Lol!
    Alden
     

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