So I called about this 360 in miami...

Being a Euro shouldn't concern you. no paperwork on maintenance should. If it has maintenance history then its a good buy...

 

360 shouldn't be a 5 speed

 

Like said above, the miles and euro shoudl not scare you but no paper work. WALK AWAY. You can find a lower mile US car with records in the low $60's. The good thing is it is not F1 but stick. The F1 in all 360 is horrible IMO. I have had them all and if you go 360 (other than a Stradale) go with a 6 speed manual

 

I think it depends on what you're looking for. If you just want a cheap 360, then it's this or something like it -- (Euro, previous accident, no history, high mileage, oddball color combo, etc).

If you want a car with specific stuff (normal mileage, good history, specific options, etc) then you need to stop worrying so much about price and start looking for exactly what you want.

It's not that difficult to find a cheap car. What's difficult is to find the car you really want.

Remember that a major on this will cost you many thousands right out of the box. With no service history, that's the first thing I would either look for or just do.

In any event, don't buy it until someone qualified has checked it out. A few hundred invested before purchasing could save you thousands later.

 

Looks like a good candidate for a Novitec bi-compressor kit.

 

I'm not sure if you care if it's been tracked or not but these mounting rings look like they were installed for a 5pt harness. (correct me if I'm wrong)
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"You get what you pay for" A cheap car will have issues. Be prepared for high maintenance and repair bills.

 

... and remember that Miami has just about the highest amount of scam dealerships, and scam people, in the nation.

 

I also see falling in prices of US cars to 50's in next year or so given the economy and 458 intro. You are hilarious!


Actually youre a little off 360's and 430 should be about the same price as a KIA due to the 458 and this economy. Im thinking about 25000 will get you a sweet 430 spider.. Please put down the pipe . No decent Ferrari will be in the 50's for quite a while THe market and buying public for the 458 will have no impact on the 360 Different profile. After looking at the shifter and the stainless on engine are you sure that car wasnt under water . Be very careful

 

You get what you pay for and there are no creampuff deals out there unless your best friend is selling you his, and you trust even him

Dealers are dealers and they know what they have most of the time, and what the market is. This car probably has some bad history of some type that you may not see on a carfax. Along with the poor condition of the stainless exhaust, and the shift knob, there are other areas such as the back of the engine compartment that show poor care. Most folks who value a vehicle like this would never let these items go unkept.

I don't think I've ever seen the rear underside tunnel painted the body color, but rather most if not all from the factory are black, and this one is red like the upper body. Anyone know if that was ever done from the factory? Mine's black on my red car.

That said, the price is clearly reflecting a high-mile car with a certain amount of cosmetic issues for sure. This is the lowest priced one I've seen so far that is running and not stated to be a salvage unit. Figure in the cost of a PPI at the loca dealer and a full major service and it still might be a deal if everything checks out. Not a "keep it forever" car though in my opinion.

 

So are you gonna buy it or when it's offered at 40 you will want to pay 30? You are going to lose money when you buy a Ferrari. You are not going to buy the car for less than it's worth, drive it for a year then sell it for what you paid. If you buy a cheap car the difference between what you pay and what you sell it for will be greater once you add in the cost to keep the car going.

 

I argue you loose money with any modern car during ownership, given depreciation and "costs" including upkeep and repairs. Cars are for the most part commodities with supply and demand dictating residual value over time.

Perhaps I wasn't clear when i first posted. I view my 360 (when I meet her and bring her home) as a long term prospect, as I have with all my cars. I asked myself what will the fully depreciated value be on the car in let's say 20 years time in 2010 dollars.

Given the long term pricing model of the 308, most examples seem to follow their condition and miles and "euro" factor, between 20 to 50 thousand in todays dollars depending on condition. I personally see the 360 following the model of the 308 and to some extent the 348 and less so, the 355. Depreciation to approximately $35 thousand (poorly maintained high milage examples) to $80 thousand low milage perfect spyders in my endpoint, say 20 years. This is my opinion.

I felt that a euro 360 with 50 thousand miles, visible signs of "unlovedness" and no documentation is worth mid to upper $40 thousands (this example). This prior to a PPI (may adjust upward), I assume that if it needs 10k in work or so NOW, it will be priced on par with a US model.. to which a Euro in equal condition, if I ever wanted to sell it, would not be equal. I would pay the asking price if I felt that the car was worth it and a "good deal". My hunch is it needs lots of work (thus the "as-is" in the ad) and I suspected they seek to sell it to a person who ha no clue what a variator is. ;-)

That's my rationale and I'm stickin' to it. Just my opinion... I agree a nice car is worth more.. And I do hope that whomever purchased it gets a great car at a great price.

Curt