New Member - Potential Future 355 Owner | FerrariChat

New Member - Potential Future 355 Owner

Discussion in '348/355' started by PaulW_968, Jan 13, 2014.

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  1. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    Let me introduce myself, my name is Paul Waterloo and I live in Forest Park, IL, just outside the city limits of Chicago.

    Long time car guy, 48 years old, and have a new found love for working on different cars (learning about them, they are just nuts and bolts, long time Audi guy), and am thinking about a Ferrari. After doing my research, I think a F355 GTB could be the one. Modern enough to have fuel inject and maybe OBD-II, modern enough to get a high HP/liter, but old enough to have depreciated and be easy to work on. I would do 99% of the work myself, and after searching the internet and these forums, it sure seems easy to work on.

    Anyway, looks like there are some good posts here and some great stories. Saw a 95 F355 GTB in the suburbs of Chicago a few weeks ago, it's beat. Today I was traveling for work and saw this beauty, a 99 with 23K miles:

    Sienna Motors | For all your quality, pre-owned vehicle needs in South Florida!

    Sorry, I thought I could put some IMG tags here....but maybe I need to be member to do that?

    Anyways, beautiful car....but $60K, and I just started looking. I'm a DIY guy and need to figure out what I really want. I have to say that $60K is probably over my budget. I'm a cheap bastard!

    ;-)

    Anyways....just wanted to introduce myself, if somebody in the Chicago area has a 355 that would let me come by and look at it, pick your brain when the weather breaks, I would love it!

    My other cars are:

    2007 Audi S8

    1993 Porsche 968

    1973 Alfa Romeo Spider

    Paul
     
  2. Dave rocks

    Dave rocks F1 World Champ
    BANNED

    Nov 23, 2012
    16,047
    Orchard Park, NY
    Full Name:
    Dave Lelonek
    Welcome Paul. That appears to be a very nice car. That color combination is rare, usually gray has black interior, having beige is really nice. From the photo's I'd guess that the sticky interior parts are just that and may need work.

    355's under $60k are also rare, for good ones.

    Good luck
     
  3. saw1998

    saw1998 F1 Veteran

    Jun 8, 2008
    8,237
    San Antonio, Texas
    Full Name:
    Scott
    Paul:

    I'd like to second Dave's welcome. The F355 is a wonderful Ferrari. Make sure you spend the time/money required for a comprehensive PPI by a reputable shop with ACTUAL Ferrari experience. Once sorted, the F355 is pretty much bullet-proof with the requisite maintenance.

    Enjoy your search for the perfect car. Take your time and don't succumb to "Ferrari Fever". :)
     
  4. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    Yes, the car just had carbon fiber put over the interior parts, I can't say that it was a great job, plus the leather on the instrument cluster pod and airbag needed replacement. Not that it is a big deal but it needs to be completed.

    And it didn't appear to be known when the last belt change was performed, so that would have to be performed also.

    However, it was beautiful and I wanted to drive it from FL back to Chicago! Just forgot my checkbook!
     
  5. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,789
    Ontario, Canada
    Full Name:
    Mike
    Listen to this gentleman ;)
     
  6. TomPDX

    TomPDX Formula Junior

    Mar 28, 2008
    558
    Oregon
    Full Name:
    Tom
    Very nice, and worth every penny. But you sound like a guy who could buy an unsorted 40k mile car for $45k and be very happy working on it and sorting it yourself. If you do all of your own work, you'll likely spend less than $10k on parts if you are indeed a cheap bastard! Good luck!
     
  7. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    Getting an unsorted car kind of appeals to me. I want to take it apart, learn it, and put it back together. It keeps me away from my computer and out of the bars! I love learning new things and new cars.

    I wouldn't want a turn key car....or at least the initial cost that goes along with it.
     
  8. drbob101

    drbob101 F1 Rookie
    Owner Silver Subscribed

    Nov 26, 2012
    3,821
    Tinton Falls, NJ
    Full Name:
    Bob Ferraris
    It seems you have a good idea of what you want and with your experience and background with the cars you own and work on, you should do just fine with a a 355.

    Finding a fairly well cared for car that maybe needs a major service that you can get with that service discounted might be a good fit. By doing a new service you will have a baseline of that work and issues discovered and it will allow you to get to know the car well if you can participate or at least observe it. I wish I had done that.

    Valve guides and headers are the big ones and the rest is pretty much in your face at the sale so look over things carefully and adjust purchase price accordingly. CC and leak down on suspect cylinders will give you an idea of engine condition.

    Good luck and welcome.
     
  9. ssnowball

    ssnowball Formula Junior
    Silver Subscribed

    Oct 28, 2013
    296
    Full Name:
    Scot
    Welcome, driving the 355 is definitely a joy, but make sure you go into the deal with the largest knowledge base you can, this means negotiating a sales price contingent upon a clean PPI, Leakdown and compression test. I would even suggest a quick smoke test in the exhaust manifolds.

    Also, use the tools on the internet, there is a 355 registry that you can cross reference details for the car you are targeting. For example, the vin search for this car yields a hit on the registry, noting that the original color combo for this car was green with tan interior. Could be wrong, but it sounds like the color is not original?

    Ferrari355registry.com

    You most likely can obtain information on places to obtain PPI's from local owners, but I have heard that Lake Forest Sportscars may still do PPI's. They are in Lake Bluff IL, and I have been in touch with them a number of times as they were where my beauty was first sold.
     
  10. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    Thanks for the info. I would say if the car was originally green, it would not surprise me as the paint on the A pillars and above the door window seal at the roofline was suspect....not clean at all. Plus it had a little rust/corrosion on the passenger side rocker panel on the area where the flat under the door meets the rocker.

    Additionally, there was corrosion under the paint on the driver's side mirror assembly, the black triangle part that is attached to the door.

    And in the end, I'm not ready to buy just yet, I will have to learn a lot more and get to know the market. And I don't have 60K to spend either.

    But I am loving this forum! I think with patience, I might find the right one.
     
  11. ssnowball

    ssnowball Formula Junior
    Silver Subscribed

    Oct 28, 2013
    296
    Full Name:
    Scot
    I find that "the hunt" for the right car is very enjoyable.

    Good luck!
     
  12. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,359
    Kzoo Michigan
    I think any car that has been driven and seen rain is going to have some corrosion in these spots. I have seen a few cars that show signs of corrosion in some areas. I see it as a simple removal treat the corrosion repaint done.


    But a car advertised at 60k shouldn't have thee issues at all. They should be handled.
     
  13. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    #13 PaulW_968, Jan 14, 2014
    Last edited by a moderator: Sep 7, 2017
    I am very surprised to think a Ferrari forum would have this kind of insight.....thanks!

    I noticed this in the carfax initially, but didn't pick up on it. Thanks to ssnowball, it seems that it could be evident that the car was changed from green to grey recently. Not that this would totally surprise me, or turn me off from buying a car (at least now)....but it would have to be perfect or be a great deal to buy. See the first line in the image below.

    Were these cars galvanized originally? I didn't search......I know that's a no-no. I attached a picture that I took of the car too. The place had quite a few Ferrari's for sale.

    The gentlemen also told me that the wheels were OEM, but maybe a later version? He said they were more desirable wheels, along with the F1 transmission, which I am thinking I want a 6 speed manual....I guess I will have to research that and be the decision maker.
    Image Unavailable, Please Login
    Image Unavailable, Please Login
     
  14. blue90

    blue90 Formula Junior

    Dec 15, 2013
    339
    NJ
    Full Name:
    Dave
    I like gray, this is a nice looking car! Is that what a paint job means in Carfax? My car has media blue on the rear hatch sticker and Carfax said color noted as blue.

    Sent from my Nexus 7 using Tapatalk
     
  15. Dave rocks

    Dave rocks F1 World Champ
    BANNED

    Nov 23, 2012
    16,047
    Orchard Park, NY
    Full Name:
    Dave Lelonek
    They look like stock 355 wheels to me. The color change would explain the rare color combination. Under the engine bonnet should be a paint tag, ask for a photo of it. Also ask for the window sticker.
     
  16. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,329
    Palos Verdes
    Full Name:
    Vince V
    Paul, I am frequently in the area - family and friends in Chicago - Racine - Milwaukee - Michigan City, IN. I would welcome the opportunity to talk you into consiering a nice 348. :) Maybe a cool 348 Serie Speciale... My next trip will be in March.
     
  17. Eric C

    Eric C F1 World Champ
    BANNED

    Mar 20, 2009
    11,136
    St. Louis, MO
    Full Name:
    Eric
    Aren't all wheels from 95-99 the same?
     
  18. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    Let me know, I'm all ears.
     
  19. cavlino

    cavlino Formula 3

    Mar 6, 2002
    1,740
    Ottawa, Canada
    Full Name:
    Carm Scaffidi
    A 348 especially a spider or a SS is a wonderful car and you should try one. The brake pads from a 968 will fit a 348 or 355 by the way. My Wife used to have a 1992 968 cab so I did notice that number in your user name :)
     
  20. PaulW_968

    PaulW_968 Karting

    Jan 12, 2014
    58
    Chicago Area
    #20 PaulW_968, Jan 15, 2014
    Last edited by a moderator: Sep 7, 2017
  21. cavlino

    cavlino Formula 3

    Mar 6, 2002
    1,740
    Ottawa, Canada
    Full Name:
    Carm Scaffidi
    We certainly do like pics :) Very nice, and a roll bar in the Alfa too... :)
     
  22. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,329
    Palos Verdes
    Full Name:
    Vince V
    Two great examples of fun cars for not much money. Now if you had an Alfa GTV...
     

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