need advice on buying an F355 | FerrariChat

need advice on buying an F355

Discussion in '348/355' started by butcher, Oct 19, 2008.

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  1. butcher

    butcher Formula 3

    Oct 19, 2008
    2,339
    Castro Valley, CA
    Full Name:
    Albert
    #1 butcher, Oct 19, 2008
    Last edited: Oct 19, 2008
    I'm looking to buy my first ferrari (I have focused in on buying a 1995 to 1999 F355 in the $70-$80 thousand range). I've seen and driven 2 cars in this range. Of course, I've fallen in love with both of them. In regards to the 355 model range, do you think it is better to get an older car (ie.: 1995-96) with lower miles (ie.: 8000 miles), or a later model car (ie.: 1997-1999) with higher miles 25-35 thousand range)? I've read that issues with 95-96 cars include valve-guides that wear out fast and Cats that go bad in these early model 355's. Is this a true concern? I have always been partial to a GTB (coupe) versus a GTS or spyder, and gated manuel versus F1 paddle shifts (although I've never driven a ferrari F1 transmission). I've been looking for cars in California, and it seems most cars I've seen advertised are Spyders and F1 shifters, thus coupe and manual shifting seems to be rarer in advertised cars in Ca. In the market, is there more of a premium for a spyder, or for the formula 1 shifting, despite these options appearing to be more common? Also, I've heard different words of advice regarding service of these cars from magazines and dealers. How many miles or years is the correct major service intervals for these cars? What is the yearly expected normal maintenance costs of owning a 355?

    I appreciate any advice any of you guys have regarding this issue.

    Hoping to live the dream very soon!
     
  2. UConn Husky

    UConn Husky F1 Rookie
    Silver Subscribed

    Nov 11, 2006
    4,425
    CT
    Full Name:
    Jay
    Welcome to Ferrarichat! If you search you'll find a ton of opinions on your questions...and here's mine:

    Later models (esp. 1999) had quite a few issues fixed, both well known (valve guides) and lesser known (long list - power steering cap, alternator strap, fuel lines...) High mileage cars are depreciated already so you can drive and not worry about losing value due to miles. Also many higher mileage cars are well sorted, having already fixed any potential low mile problems. The F1 shifter is an absolute BLAST! many prefer the classic gated Ferrari 6-spd...but I'm 100% glad I chose the F1. Look for pricey upgrades that are included - challenge grille, fender badges (on '98 and '99 cars), tool kit, car cover, etc. Most importantly check service records. If belts haven't been changed in the last 3 yrs you need to plan on that to the tune of $7500 (average).

    After 2.5 hrs driving mine today on twisty New England roads...all I can say is you won't regret buying one!
     
  3. conscom

    conscom Formula Junior

    Jan 6, 2008
    467
    Vancouver BC Canada
    Full Name:
    Gary
    #3 conscom, Oct 20, 2008
    Last edited: Oct 20, 2008
    Heck with conserving miles. I drive mine at every opportunity, for:

    YOU ARE A LONG TIME DEAD
    SO LOVE LIFE DEARLY
    AND DRIVE A FERRARI!
     
  4. 285ferrari

    285ferrari Two Time F1 World Champ
    Sponsor

    Sep 11, 2004
    20,977
    MD and NE
    Full Name:
    Robbie
    Welcome to the board. There is some great info here answering most of your questions. Get a good PPI before purchasing, take your time and do your homework on the seller and car...
     

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