Maybe I’ll buy back my 355 Spider

I think I remember that car for sale in Nor Cal - 36k I would jump

 

Norcal?? If u pass pls share info with me. Id jump on it.

 

What scared the buyer to sell for 36?

 

I highly doubt you would make any money. IIRC, the car was in less than awesome condition. And the market is not very strong right now.

 

Exactly, I’d buy it to fix up and drive but sure wouldn’t buy it thinking I was going to do a little work and make a quick buck.

 

Yes. The market was on a high 2.5 years ago (non blue chip cars) and has been soft since. Pristine cars are the exception.

 

That is a steal. Sounds like a few things need sorted but take a look on AutoTrader at the average asking price that is a steal

 

I you follow these cars regularly, then you can sense that things aren't as good as they were...

Regarding data, Hagerty is very accurate for the V8 Ferraris.
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I watch the 355 market daily (for the last 10 or more years)

 

It's been my experience that Hagerty is not reliable at all. Keep in mind, private sales won't be used in their data (and most 355's sell privately)

 

Worth is one thing, and actual selling prices are another. And seriously, I can't imagine paying $70 for a number #2 car (excellent). But then, I'm not in the market right now either.

But again, we're talking today's market. If you buy your car back, things may be different when you're ready to sell. Enjoy the ownership in the meantime.

 

While not the absolute guide for values, Hagerty's tool does work well as an indictor for "averages".

When you say private sales for the F355, are you referring to top condition cars primarily?

 

Not really. Any car sold that does not go through a dealer is really a private sale. Most cars listed on ebay (as an example) don't sell on ebay (they sell privately offline).

 

If hagerty really was worth its salt they would state Added value would include stickies being fixed, headers swaped and valve guides done or verified steel ones service done or not.

But they don't.

Condition is different for many.
A #3 car to one person may be a #2 to another and yet another may say its a #4.
Its silly how they explain values.

As if some dust or dirt found will bring down the whole car from a #1 to a #2.

They got dust on them when being built.

But they add 30k in value for a six speed grar box.

Hate to burst anyones bubble but each 355 came with a 6 speed.

No where do they specifically poibt out the mean a manual as apposed to a F1 car.

$30,000 haha

 

Yep - I was able to argue that and use Hagerty's adder to get my agreed value policy on my F1

 

it's called a conversation now.

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click on user name, click on start a conversation.

sjd