Looking at a Canadian F360, need advice | FerrariChat
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Looking at a Canadian F360, need advice

Discussion in '360/430' started by teknikl, Nov 1, 2009.

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  1. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #1 teknikl, Nov 1, 2009
    I am looking at a F360 in Toronto which has 38,000K on it. I checked the carproof and it shows one accident claim for $67,000 in 2005 (before this current owner). The paint looks great, probably repainted, after the accident.

    They are asking 90K for it, but that was before it came to light that there was a fairly major accident on the car. There is no structural damage on the vehicle, it has a green light when it was bought from auction. (it wouldn't be hard to rack up a bill of 67k replacing factory body panels and parts, really).

    I need to know your opinions on what I should offer now that it is known it had a fairly major accident in its past, or would you just walk away and pay a premium for one with no accident ?

    I was thinking 10K off would be fair, 80K, but this is a guess. Knowing it will be hard to sell if/when I decide to sell it.

    Let me know your thoughts, you guys know much more about these cars than I do.

    Thanks,

    M
     
  2. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #2 teknikl, Nov 1, 2009
    it's a canadian car, if that makes a difference. I am also in canada.
     
  3. Oengus

    Oengus F1 World Champ
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    #3 Oengus, Nov 1, 2009
    a 67k accident claim........sounds like a bunch of potential damage.
    Id keep looking.......
     
  4. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #4 teknikl, Nov 1, 2009
    it probably includes the other guys car as well.
     
  5. Oengus

    Oengus F1 World Champ
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    #5 Oengus, Nov 1, 2009
    hmmmm
    I think I would still walk. It will be a hassle to sell down the road if you ever decide to.

    PS.......why dont you look state side for a 360, the exchange rate is almost at par. Theres a ton of 360's for sale in the US in the 85-105k range.
     
  6. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #6 teknikl, Nov 1, 2009
    Are there any modifications that need to be made in order for it to be deemed certified in Canada?
     
  7. of2worlds

    of2worlds F1 World Champ
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    #7 of2worlds, Nov 1, 2009
    Go to the CANADA country section farther down the front page. There is a large 'sticky' thread on importing American market Ferrari models into Canada.
    I would look for an accident free 360. Also the thread on getting a Ferrari serviced in the GTA has some useful comments; especially about 'indicated' mileage or as we say kilometers on a vehicle...buyer beware. Go slow and double check everything and believe nothing!
    CH
     
  8. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #8 teknikl, Nov 1, 2009
    good advice.

    I'll read up.
     
  9. DerWebMeister

    DerWebMeister Guest

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    Timothy
    #9 DerWebMeister, Nov 1, 2009
    Front end has to easier to fix than the rear end where all the busy stuff is. If it was fixed in the front and fixed well, strike up a deal. All the negative comments above confirm that this car will be a hard sell to anyone. I would try to make a great deal.
     
  10. Kds

    Kds F1 World Champ

    May 1, 2003
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    Canada and Brasil...
    #10 Kds, Nov 1, 2009
    Last edited: Nov 1, 2009
    First of all 90% of your target resale market will have nothing to do with that car when you want out of it because of the $67K hit.

    The CARPROOF accident claim DOES NOT include the other guys car. I was a dealer and know how inside and out CARPROOF works, done over 200 of them and sold a Porsche to the president of the company.

    1-Run, don't walk............

    2-Subscribe to F-Chat for $15 as you have just saved ten of thousands of dollars by the free advice you have been given on this thread by those who replied ;)
     
  11. tbakowsky

    tbakowsky F1 World Champ
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    #11 tbakowsky, Nov 1, 2009
    Let me guess..its silver with black wheels???
     
  12. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #12 teknikl, Nov 2, 2009
    you got it.

    Have you looked at it as well?

    -M
     
  13. teknikl

    teknikl Karting

    Sep 16, 2009
    62
    #13 teknikl, Nov 17, 2009
    knowing it had a major accident and will be hell to try to resell, what is the most I should pay for this car?

    It's either this or a mint F355 with no accident for around 70K.
     
  14. FerrariDublin

    FerrariDublin F1 Rookie

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    #14 FerrariDublin, Nov 17, 2009
    If you were to consider this car I think the first thing you have to do is get a copy of the repair invoice and have a professional check the work done.

    If satisfied that the damage as repaired hasn't impaired the overall structural integrity and safety of the car I would have thought you'd be offering no more than 75% of the equivalent value of an absolutely clean example.
     
  15. Sidler360Spider

    Sidler360Spider Rookie

    May 30, 2009
    31
    North Jersey
    #15 Sidler360Spider, Nov 17, 2009
    You will need to sell the car one day. Believe me one day you will want a newer ferrari, or something else. No one wants a beat up car when you sell it to a ferrari lover. I wouldnt want one. Anyhow 360s are going for 90k for a 2002 spider if you look at the right places, with no damage and immaculate shape and low mileage.
     

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