Oh great just bought my 1st 360 and it turns out to be a Euro model

What's the vin? It may hurt the value but that depends on what you paid for the car. If the car was misrepresented by the dealer you should get your money back.

 

Are you sure it is Euro? Did you check the VIN? I went through a huge run-around with my Insurance company (State Farm) a few months ago when I bought my '99 360.

The Underwriter claimed it was a "gray market car". They were full of crap, as the VIN and several places on the car said it was a US market car. The only way I finally resolved it was to talk to the previous owner and get his insurance info. Fortunately he also had used State Farm, so his agent was able to set the underwriter straight.

 

If it was misrepresented demand the car be returned. Yes, some would say that selling a "euro" is harder. The flip side, Euro models like most '99 360's do not have pre-cats.
Prices seem to be every where so, yea, maybe you over paid by a few grand given the miles and Euro factor.

 

I agree with what others have said... Sounds like it was misrepresented by the dealer. They should offer a refund...

 

an 01 spyder with 17k and 78k is real cheap...i dont know how you expect to pay less then that. that should be worth at least 90-100

 

If it was misrepresented, the buyer should be offered a refund.

Did they state the car was a Euro prior the purchase?

 

Your profile is blank so I have no idea where you are. In California there are a couple of state agencies that can help.


It is a simple case of non disclosure of an important fact about the car. You should unwind the deal.

It is a very easy situation to avoid. A US and a non us model are very easy to distinguish. The guy doing the PPI should catch that.

 

You are wrong on the paid too much. That was/is a steal. Plus you do not have the pre-cats if its a euro... that right there may one day save you $20,000

Sounds like you got one helluva deal, post pics...

Euro on the 360 does not make that much difference $$$$ wise... crash history would. So if no accidents & service done- enjoy her.
I would also say replace the shift bushing, that will fix your 1-2 shift anomalies most likely..

show me another 2001 spider with above options & miles (plus major service) for 78K... Seriously, you are at the bottom on pricing- nowhere left to go.

NEED PICS!!
Chris

 

It's tough to put a % price on a Euro vs. US, but there is no way a Euro is worth what a US car is in the US. Not for Ferrari or any other make. That said, my gut tells me (without researching) that the price paid is probably about right for a Euro Spider in good shape- maybe just a tad high, but it was through a dealer so there's markup and the new clutch is nice. It's not a steal, nor a totally bad price. A US car in the condition this car sound like- with clutch/service etc. would be in the low $90's at least I think (it's yellow so that may cost a few thousand vs. red, but I think it would be about low $90's if it were a US car and maybe $95K or so if red, relative to the $78K you paid).

 

Hit the manage attachments button when you make a new post.

Btw. Your profile says that you are a car dealer?

 

Does it have side reflectors on both front and rear bumpers? US 360's had them, although, it's possible new bumpers w/ the reflectors were retrofitted once it arrived here. VIN is likely the more accurate measure. If it is in fact a EURO model and it was not disclosed, get their local BBB or Attorney General's office involved.

 

Nice looking car. It looks like US spec to me unless the bumpers were changed.

You should post a VIN. It could be a UAE car, which I understand were the same spec as US cars and therefore don't require federalization. I could be wrong about that however.
I don't think you over paid by too much at 78k.

 

Beautiful car! But I'm biased; mine looks just like it but with modulars. Enjoy it!

 

if you paid $78K for that I'm thinking that is a STEAL! keep it!

 

Definitely a euro but does it reality matter? Are you selling it next month or two? When these get 3-5 more years down the road the delta will be very small AND maybe even tip in favor of the euro.

Euro cars have some advantages: weight, HP, no pre-cats. The primary disadvantage is lack of warranty and no campaign coverage. Oh yea, the warranty was a 3 year warranty so that ran out LONG ago.

I would say that you got a good price and it was the car you wanted. Drive it and enjoy it. Down the road you won't have much of a penalty. Surely not enough to offset the hassle of forcing them to unwind the deal.