Please help with 355 buying decision! | FerrariChat
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Please help with 355 buying decision!

Discussion in '348/355' started by TimsBlack16M, Jan 28, 2005.

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  1. TimsBlack16M

    TimsBlack16M Formula 3

    Jan 27, 2005
    1,365
    Agoura Hills, CA
    Full Name:
    Tim
    #1 TimsBlack16M, Jan 28, 2005
    I am a new member of FerrariChat. I have enjoyed reading your comments and have learned a great deal.
    I am ready to consider purchasing my first Ferrari. It is the 1999 F1 GTS currently being offered on EBay and in the FerrariChats FerrariAds. The current asking price is $101,000. It is silver exterior, blue interior. It has 13,000 miles a had the 15,000 mile service and new clutch at 10,000 miles. I inspected the car and it appears to be in very good condition with the exception of minor driver bolster wear and passenger dash airbag shrinkage. I believe that both of these items are easily repaired. The seller is Michael Lederman.
    My questions are: Does this car represent a good value? What concerns should I have? Does anyone know this specific car? Any helpful thoughts or comments would be appreciated.
    I appreciate your imput and look forward to your response. Thanks!
     
  2. cal355

    cal355 Formula Junior

    Jun 16, 2004
    383
    San Francisco
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    Cal
    #2 cal355, Jan 28, 2005
    Micheal Leaderman has a very good reputation as a Ferrari dealer.He used to be associated with the AutoGallery in Thousand Oaks,Ca.Very Knowledgeable on all things Ferrari.Prices seems alittle high.One thought;GTS models are more rare than GTB and Spiders.It might be a consingnment car and the owner is looking for top money.

    Good Luck
     
  3. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    37,089
    Cowboy Capitol of the World
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    Brian Crall
    #3 Rifledriver, Jan 29, 2005
    A 15k service generally translates to mean the timing belts are not done. Since the car is a 99 they are due and are very expensive to replace. I would want documentation that they have been done or I would deduct replacement price off the top.
     
  4. TimsBlack16M

    TimsBlack16M Formula 3

    Jan 27, 2005
    1,365
    Agoura Hills, CA
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    Tim
    #4 TimsBlack16M, Jan 30, 2005
    Thanks for your help! Tim
     
  5. Steve R

    Steve R F1 Rookie
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    Sep 15, 2004
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    TorQ Master
    #5 Steve R, Jan 30, 2005
    The 30k service will cost ya about $5k with the potential to go upto $12k. Get the PPI done, make sure the leak-down is clean. The price sounds very fair for a '99 F1

    Make sure you love it, cause that color combo is dingin'
     
  6. 911Fan

    911Fan Formula 3

    Apr 15, 2004
    1,294
    Southern California
    #6 911Fan, Jan 30, 2005
    How much does a clutch replacement run in a 355? Looks like you might be needing a new clutch in a few thousand miles...
     
  7. W00dEar

    W00dEar F1 Rookie
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    Feb 24, 2004
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    Chris
    #7 W00dEar, Jan 30, 2005
    i think its way overpriced.
     
  8. TimsBlack16M

    TimsBlack16M Formula 3

    Jan 27, 2005
    1,365
    Agoura Hills, CA
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    Tim
    #8 TimsBlack16M, Jan 31, 2005
    What does "dingin" mean?
     
  9. ajide

    ajide Karting

    Sep 1, 2004
    215
    Fairfax, VA
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    Andrew
    #9 ajide, Jan 31, 2005
    I believe that dingin means that the color combo will "ding" its future retail value. It is not the most popular color combo. For example, a red with tan car will likely find a larger future audience than a silver and blue car.
     
  10. TimsBlack16M

    TimsBlack16M Formula 3

    Jan 27, 2005
    1,365
    Agoura Hills, CA
    Full Name:
    Tim
    #10 TimsBlack16M, Jan 31, 2005
    Keep the comments coming. I appreciate everyones advise. Also, the car had a new clutch at 10,000 miles and has not had the major belt service. Thanks, Tim
     

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