Sold My 1999 360 for $59,992 | FerrariChat

Sold My 1999 360 for $59,992

Discussion in '360/430' started by Kevin from California, Dec 10, 2017.

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  1. Kevin from California

    Kevin from California Karting

    Mar 25, 2013
    88
    Camarillo, CA
    #1 Kevin from California, Dec 10, 2017
    Just to let folks who are curious know, my 1999 360 sold today to asking price of $59,992. I knew it was a fair price when a car in Florida with about same mileage (almost 29k) was for sale for $60,000.

    I had started at some high number above $65K in late August. Some other comparable cars at dealers were asking about $64K. Had it at that for a while. Then lost patience and started lowering $500 to $1,000 each week. A bit of a hassle selling as a private party. Lots of inquiries from around nation.

    Many low ball offers from dealer types. Couple of folk did sound serious. Had been afraid of looky loos just wanting to test drive but none of that.

    The three folk would looked at it loved the car. One decided he wanted a spyder. Another from town here (Camarillo, CA) was scared off by drop in value that occurs as miles put on (He wants to drive 4k miles per year.) Sold for asking to a nice young man looking for his first F-car.

    I had held firm on price for several weeks. Figured someone would come to their senses and buy. In pretty good condition. But had replaced trans. I thought a plus but sounds like most thought a negative. Biggest downside was it has been three years since belt service. Darn Ferrari for saying should be done every three years. Pretty ridiculous.

    Following are screen shoots from Autotrader ad.


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    Sorry folk who were hoping I would get more but that is reality.

    You guys have been great.

    Thanks

    Kevin from California
     
    I'm 360 Canuck likes this.
  2. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,911
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    #2 I'm 360 Canuck, Dec 10, 2017
    Somebody offered you $8 less than $60,000.? Did they stop at Starbucks on the way to pay you?
    :)
    Congrats on the sale, good luck going forward!
     
    Dave rocks likes this.
  3. Dewinator

    Dewinator F1 Veteran
    Silver Subscribed

    Jun 22, 2017
    6,050
    WA
    #3 Dewinator, Dec 10, 2017
    I’m pretty sure nobody would pay $8 for garbage Starbucks coffee. I mean maybe if an overpriced food item is included, but as dumb as people are I don’t think they’d pay $8 for some of the world’s worst coffee.
     
  4. spider348

    spider348 Formula 3

    Nov 3, 2003
    1,264
    MA
    Full Name:
    John
    #4 spider348, Dec 10, 2017
    Go to the Starbucks Roastery in Seattle. Most specialty coffee drinks are well over $8!
    Personally, I like smaller coffee shops that roast themselves. Victors In Redmond is outstanding! Starbucks will suffice normally. Hell of a lot better than the Dunkin Donuts on every street corner around Boston!
     
  5. BlacktopRacing

    BlacktopRacing Formula Junior

    Sep 18, 2016
    916
    Pittsburgh
    Full Name:
    Dale
    #5 BlacktopRacing, Dec 10, 2017
    I second the sentiment about Starbucks coffee. I'm not sure why so many hipsters think it's great. Any mom and pop gas station can brew a better pot of coffee.
     
  6. blown94conv

    blown94conv Karting

    Feb 3, 2007
    230
    Berlin, CT
    Full Name:
    David
    #6 blown94conv, Dec 10, 2017
    Seems like a fair price, I’ll be curious to see how the prices pan out in a few years.
     
  7. KC360 FL

    KC360 FL Formula 3

    Jun 20, 2017
    1,701
    Melbourne Florida
    Full Name:
    KGC
    #7 KC360 FL, Dec 10, 2017
    Congrats... I guess... I'm sure you were hoping for more and probably deserved it. Funny how a nice car like yours sells for this and others here are still convinced that these Euro, Salvage Title cars are worth the risk at almost the same price --once properly sorted out. Not to mention if the current owner wants to sell it, it's still a very desirable car albeit not for as much as he may like to get for it, but still... it has marketability.

    As for the new trans. I can't help think that potential buyers may have been just using that as a bargaining chip. I would definitely consider that a plus as well as any other "new" or rebuilt parts.

    So what's next for your garage, if I may ask?
     
  8. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    23,079
    Honolulu
    Full Name:
    Kevin
    #8 Kevin Rev'n, Dec 10, 2017
    Glad you got out of your car if that was the goal. Did you ever get a chance to enjoy it? Your post count was so light we never really got a chance to know you!
     
  9. Kevin from California

    Kevin from California Karting

    Mar 25, 2013
    88
    Camarillo, CA
    #9 Kevin from California, Dec 10, 2017
    That was the price I lowered it to, just to get it under $60K
     
    I'm 360 Canuck likes this.
  10. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,911
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    #10 I'm 360 Canuck, Dec 10, 2017
    I know....I was just going for cheap laughs...didn't think it would derail your thread. Sorry!
     
  11. Kevin from California

    Kevin from California Karting

    Mar 25, 2013
    88
    Camarillo, CA
    #11 Kevin from California, Dec 10, 2017
    I did enjoy it very much but reality set in and sold it to get the cash. Used to buy a Tesla Model S (same zero to 60 time) but really will miss the sound and the beauty of the car in my garage. Gave me a little smile inside every time I glanced over at it.
     
  12. Kevin from California

    Kevin from California Karting

    Mar 25, 2013
    88
    Camarillo, CA
    #12 Kevin from California, Dec 10, 2017
    I enjoyed the comment. Weird that easier to sell at 59,992 than at 60,008
     
    I'm 360 Canuck likes this.
  13. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,342
    On the Limit
    Full Name:
    Dino
    #13 Ingenere, Dec 10, 2017
    It's psychological
     
  14. daveyator

    daveyator Formula Junior

    Jun 10, 2014
    292
    Yucaipa, CA
    Full Name:
    Dave B
    #14 daveyator, Dec 10, 2017
    Darn. Glad you were able to sell but the softening of 360 prices continues. I had mine sold for 70K but a smog cert delay scared off that buyer. Now just 53K and 56K offers probably from like you said dealer types. The thread about 360 F1 prices being much above 60K makes me chuckle.
     

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