Settling in on getting a 360

Any car that was serviced through the Ferrari Dealer Network will have all the documentation of campaigns in a database that a Ferrari Authorized dealer can easily access. Considering this I wouldn't overlook an older car if it were at a dealership or if you could get a dealership to run the cars VIN for you.

 

Ferrari can tell you if the campaigns were done...

 

I know not all cars had the campaigns done but I doubt there are that many. Who buys a Ferrari and doesn't care to get them done. My 00 did have everything done (verified by Ferrari). That would be the place to start.

I have a F1 and will probably be getting the TCU upgrade soon. Even though I haven't had any problems.

 

When I sold my 360, I provided the new owner with a complete service history notebook. Every battery, tire, even window tinting was documented. As already mentioned if the car was serviced by a Ferrari dealer, they can very easily print out each service record, including campaigns.

MB
Image Unavailable, Please Login

 

I would guess that at least 85% of the 360's wind up between 10k and 20k miles. I'm thinking a premium would be paid for under 10K miles. 10-20k is average, and over 20k miles you are looking at a discount. That's just my opinion, maybe someone else with more experience regarding pricing can chime in.

 

Here are my two cents:

It's no surprise that newer cars and low mileage cars are worth more. But as far as I'm concerned, there is a limit to the value associated with "low miles". A 15 year old car driven less than than 700 miles per year strikes me as a little bit weird and perhaps even bad, yet if you live in California cars like this apparently command a premium; sometimes a large premium. I don't get it.

Frankly, the idea of tying up an extra $10K in this way doesn't make sense, at least to me.

I bought a well maintained 360 Modena (year 2000) which had the proper campaigns performed. It had been driven about 2500 miles per year, which seemed OK to me. The price I paid reflected both the age of the car and the mileage, neither of which I consider excessive.

Yes, low mileage is a factor, but personally I think people put too much value on it.

My recommendation would be to decide how important color is to you because buying the wrong color, if color is important to you, is a big mistake. If color isn't important, you're blessed. But if it is, be sure to buy the color (or one of the colors) you want because if you don't, you'll regret it every time you look at your car.

Then, search for a well sorted car which is priced appropriately for the age and mileage. Unless you pay too much, driving a 360 which is 5 years older and has 25000 more miles than your "dream car" shouldn't bother you at all. In fact, I get a warm fuzzy feeling knowing that my clutch was brand new when I bought the car and since then I've put on new brake disks, new motor/transmission mounts and a few other items. I prefer that to saying, "Gee these disks look nearly new. You would never guess they're 15 years old."

In other words, don't discount older cars with higher mileage as long as they're in good shape and priced appropriately.

 

So different to Oz
90% of 360s have 20m miles
And we pay much more

 

Contact Richard or Fernando at Competezione in Gaithersburg, MD. They know of a couple of customer cars that are for sale with complete service history.

They just changed the oil in my 360 and had a couple of 360s that are up for sale

They are honest as the day is long.

Sent from my iPhone using Tapatalk

 

I agree on the mileage thing -- low miles might be nice as a selling tool but not good for the car. If you get a PPI done at a dealership they should tell you about all campaigns that were performed. Don't discount the 99 or 00 models -- particularly the 99 as it doesn't have the pre-cats.
Alan

 

IMO one of the worst things for machinery is to let it sit. Things dry out, fluids brake down etc. I would rather purchase a 30K car that was well maintained than a 5K car that just sat in someone's garage.

When I purchased my car (03 360) I asked myself what I planned on doing with it - drive it ALOT or only on special occasions? I drive my car alot (at least 2 times a week) and they are spirited drives. To me mileage does not mean much, as I am putting on miles at a fairly quick rate.

 

If your looking at a manual transmission car, there isn't much difference in the 02+ versus the older models. Just some campaigns that should have all been addressed by now in any car.

 

I agree. Those guys will steer you in the right direction all day long.

 

I love it when plan comes together!

 

How do you feel about a low mileage car that was maintained?
For example: A car that is driven once every week or two. Never driven for short runs (enough to burn off moisture, etc.), and has fluid changes yearly?

 

Do the math. If it takes 10 or15 minutes to get the oil temp off the peg and let's say an additional half hour to evaporate any moisture in the oil, you're talking about a 45 minute drive, more or less; say 40 miles for arguments sake. If you do that every week or two that would be perhaps 40 times a year which makes the "maintenance" mileage 1600. Then let's throw in a 150 mile trip once every four months making the annual mileage 2200. I don't think anyone would argue you're wearing out your car with annual mileage that low, but it adds up. For a year model 2000 Ferrari it would make the accumulated mileage just over 30K.

In other words, if you have a lightly used Ferrari with some age on it it's going to be considered a "high mileage" example by California standards. A 14 year old car with 5K on the odometer is a museum piece, not a real car used by a real person.

My car is nearly 15 years old and has about 42 thousand miles. If it were used any less I would start to worry, but by California standards I should just burn it where it sits and save the cost of a tow to the junk yard.

In fact, many Italians who love the Ferrari brand but don't keep up with the various models guess that my car is only a few years old and costs four times what I actually paid for it. In other words, they don't think it's a piece of junk and neither do I. However, I gave up living in California over 40 years ago, so I'm not nearly as hip as I once was.

 

The general public is totally oblivious as to how old your Ferrari might be. They don't even know what a Ferrari is in most cases. I had a guy come up to me at a gas station and ask me if my 430 Spider was the new Mustang! Some people are more observant than others...some people just need glasses!

 

People don't believe me when I tell them my 360 is 14 years old. It does look new but the public has no idea. There are some informed people out there but they are few and far between.

 

I agree with Mozella. I am not saying a car with 5K in miles is junk, but doing the math shows that it sat for a long time. IMO the premium that people ask for when selling the car is not worth it as the car may have a different set of problems than a car that has been exercised regularly.

I run my car about 40 miles twice a week (80 miles a week) with some trips that range from 300-400 miles several times a year. The miles add up quickly. I have put 7K in miles the first year. If this was done every year since the car was new, it would have over 70K in miles. My car currently has 30K in miles.

What is strange is seeing a car with 10K in miles for sale and the description states "clutch just replaced". When you do a search on the 360 clutch, it seems that most should last 25-30K in miles.

 

I live in Italy. I assure you the general public knows exactly what a Ferrari is; even old hunched over grandmothers. Of course not every grandmother can tell you the age and model of every car they see, but neither can I. One thing for sure, no Italian has ever asked me if my car is a Mustang.

But the question isn't about how stupid the public is.

The point is that an older, rather ordinary (by Ferrari standards), well maintained, automobile with a reasonable number of miles on it can still be a nice car to own if the purchase price is right. And, depending on where you live, the car will attract compliments from the general public.