Thinking of selling my F355 | FerrariChat

Thinking of selling my F355

Discussion in '348/355' started by F355Bob, May 8, 2017.

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  1. F355Bob

    F355Bob Formula 3

    After 17 years I might sell my 95 F355, red and tan. The problem is how to price it. It has 57,000 miles but just completing a FULL engine rebuild by a Challenge mechanic. Everything done to the engine. Cost of the rebuild will be around $35,000. In addition the car has $45,000 of other parts. The list is very long, from full carbon fiber interior, Moton triple adj shocks, full Challenge suspension--sway bars, sway bar adjustable links, Challenge steering rack, Challenge wheels and rear grill, front and rear Stoptech brakes, Saldana aluminum radiators, Helms gold kit, GruppeM intake, Goth exhaust Hyperflow cats, 4-2-1 stainless headers with Inconel heat shields, ported heads and intake, dual piggy back computers to adjust fuel and timing and more. Never going to get anyway near what I have in the car, I know that, but hard to come up with a price. Interior has wear on bolsters, paint is an 8-9. Full records and history of previous 2 owners. Any thoughts a pricing? If I do decide to sell, I will post full pictures.
     
  2. SoCal1

    SoCal1 F1 Veteran
    Owner Silver Subscribed

    Jun 14, 2011
    8,635
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    Tim Dee
    A one-off car for sure

    In a purest market may be a hard sale

    Keep it !!!! I have a stack of stuff parked all over thats my style.


    I'll trade you a spider for it
    :)
     
  3. brian0473

    brian0473 Karting

    Mar 14, 2010
    190
    San Antonio, TX
    Gosh, that's a tough one to price. Obviously a lot of $ invested but that won't necessarily translate to your sale price. Maybe try putting it on Bring-a-Trailer and seeing what the market brings to the table? Good luck...and I would love to see some pics of this beast!
     
  4. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    Bob - you are likely to lose your butt. I'd try to keep it. You will need to attract a very special buyer to pony up what it's probably worth.
     
  5. carnutdallas

    carnutdallas Formula 3
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    Pics, please [emoji16]


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  6. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
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    I would keep it based on what you have into the car. Good replacement improvements though.

    If you decide to sell, I would return the interior trim pieces, wheels, brakes to OEM and sell the parts separately to get back some of your money on the parts.

    Biggest issue to buyers will be the mileage even though you have a new rebuild.

    Sad reality on higher mileage f-cars.
     
  7. chris1866

    chris1866 Formula Junior

    Mar 14, 2005
    559
    Atlanta
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    Chris
    Sounds like an awesome car!
    it's just a situation where you need the right buyer to come along who recognizes the value in the extras and isn't concerned with mileage.
     
  8. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,800
    Lake Villa IL
    I would keep it!

    Only thing I can do to help is offer to buy some parts :D
     
  9. F355Bob

    F355Bob Formula 3

    #9 F355Bob, May 8, 2017
    Last edited by a moderator: Sep 7, 2017
  10. 355dreamer

    355dreamer F1 World Champ
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    Apr 3, 2006
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    L.C.
    Personally, I'd rather own that car than many of the lower mileage ones available today.
     
  11. Yassa

    Yassa Formula 3
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    May 23, 2011
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    #11 Yassa, May 8, 2017
    Last edited: May 8, 2017
    This lol.

    Modded Ferraris are like kryptonite to most buyers. I know it would probably be a pain in the a$$ to return the car to stock but I think that's your best bet (outside of keeping it)...I and others can help relieve you of those precious aftermarket/challenge parts, should you decide to return it to stock before selling :D

    Whats are the current HP figures from the engine after the mods?
     
  12. carnutdallas

    carnutdallas Formula 3
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    Robb, definitely knows what he is talking about.

    BUT I would be willing to pay good money for a car with mileage, knowing all of these add's; plus a buyer of car like this would want a driver. They know up front it is not a traditional collector car. I think we can all agree that we hope our 355's do what 930/911 Turbo's have done. Maybe when the 30 year mark hits, it will do just that, maybe? I have a car that has all the same mechanical items done and similar exhaust. At 32k miles, I am at the edge of being able to enjoy it daily, actually I really can't....

    So a well sorted, highly desirable 1995 that has a lot of nice upgrades done, that is meant to be driven and enjoyed, could be sold in the upper figures. May take some time. BaT may be a good place, but I think you just have to get it out there. Get it in the Fchat classifieds and show all your cards and demand a premium. You cannot get it unless you ask for it. You may not come out whole, but over 17 years of smiles for miles, it may be a mental break even.

    I would maybe even sell my car and buy one like this or your car. I am tired of mileage being such a factor. Tired of the premium which has zero bearing the actual quality and drivability of the car. They sit, the seals get hard, they break and never enjoyed as intended.

    All the best to the OP.


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  13. F355Bob

    F355Bob Formula 3

    When I was doing these mods over the years, I never thought that I would ever get close to getting my money out. I did it because I loved the car and wanted in my eye to make it better. I put most of those miles on and it has been great. I love FChat and it has been invaluable to me and others. The only thing that disappoints me sometimes that I think F355 owners are not that performance oriented. The sound of the car seems to be the most important aspect to owners and reviewers. I think that is unfortunate because the car actually is very good on a track and has a lot of untapped performance potential. But when I hear posts of owners worried that when they are going on a 200 mile trip and wondering what tools they need to take with them, I think they are afraid of the car when it really could be a daily driver. I drive my car daily to work etc and it never let me down. I agree if you are a collector, mileage is important, but those who are interested in the 355 as a performance car, mileage in not crucial. Look at the mileage on Porches in the classifieds. They are putting more mileage in a year compared to 10 years in the Ferrari world. Just my opinion.
     
  14. Yassa

    Yassa Formula 3
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    I, and I'm sure a small group of other 355 owners on here, agree with you. The 355 has a lot of potential to be lighter and some untapped HP as well as suspension/braking mods (challenge setup is pretty sick though), would make it more fun but the issue will always be resale value once the said mods are done. All mods I've done and continue to do are for the love of the car, not to get my money back but that said, the cars have gone up in value and the market dictates what it wants to pay a premium for and in our case its low mileage and bone stock cars. I've learned that reversible mods are the only way to go to come out on top, and even then using Challenge parts, which will always have a used parts market willing to spend more.

    There's also the trade off...spending 60k on modding the 355 to be lighter, faster, quicker...or add a R35 GTR for the same price. Tough choice.
     
  15. Dave rocks

    Dave rocks F1 World Champ
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    Bob, in many ways I agree with your post but remember, owners have different goals and priorities. Yours seems to be performance and track car related. For me, I'm trying to keep my cars near original and pristine which makes it hard to take them on a track.

    The best possible answer is to have more than one that you can have different goals for. I'd love to track one but the fear of beating the crap out of a pristine car just does not excite me.
     
  16. KMR968Turbo

    KMR968Turbo Formula 3

    Nov 11, 2007
    1,001
    Calgary, Alberta
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    Erik
    Beauty! Just reading what you have done to (for) the car makes me excited. But then again, I have never been one to leave anything stock for long. I would love to see what the interior carbon fiber looks like since I have a dream of doing something similar to my car.
     
  17. INTMD8

    INTMD8 F1 Veteran
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    Jun 10, 2007
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    Lake Villa IL
    Bob, what are you thinking of replacing it with?
     
  18. carnutdallas

    carnutdallas Formula 3
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    Well said and agree with philosophy. I find the 355 a joy to drive and if not for Dallas traffic, daily would be the way to go. I need a really nice salvage Title car [emoji51]


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  19. Kaivball

    Kaivball Three Time F1 World Champ
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    Jan 11, 2007
    35,997
    Kalifornia
    I'd keep it unless you really need the money.

    You've already had it for 17...

    But if you must sell it, unless it's a buyer here on Fchat or someone that understands what you did you will probably only get the "normal" average price of what 355's are selling for right now.
    Modifications are priced at pennies to the dollar in the market.

    Kai
     
  20. F355Bob

    F355Bob Formula 3

    Dave, I agree. Some want a stock car for the investment or just like stock. Nothing wrong with that. Thinking of a 430, a Carrera S, or R8. Retiring in July and with a bad back, need something that has a little more interior room. But still on the fence on selling the car. Not sure there is a market for it. I guess my question is, what should be a realistic asking price over a stock 95 with 56,000 miles realizing it will never be close to what is in the car.
     
  21. steved033

    steved033 F1 World Champ
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    Apr 12, 2017
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    Reading some of these replies, I guess the answer is....have two. One track rat freak, one pristine.

    sjd
    ...looking for my first. It needs to be blue.
     
  22. chris1866

    chris1866 Formula Junior

    Mar 14, 2005
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    I think the key here is that you won't be looking at the "typical" 355 buyer.
    In today's market, I would say a stock '95 GTB manual with 56k and all of the major issues address with all the records, etc. is....what... a mid $60ks car?

    This makes your car very tricky to price. An "average" buyer may not even consider your car due to all of the mods. However, a buyer certainly exists out there that has a similar philosophy to what you had and can appreciate all of the upgrades, and the fact that you've created a *better* car from a performance standpoint. To that buyer, what is it worth? $70s? $80s? Hard to say.
    You could not take a stock $65k 355 and make your car for $10k invested. Wouldn't even cover the dampers and brakes.
    They key is finding the buyer who values those parts (because they absolutely are top notch).
    But if you are thinking somewhere north of the $90K mark (I can't blame you with all that you've got invested, especially the $35k engine rebuild), I think it'll be a really tough sell and you'll really need to wait for that special buyer to come along.

    As others have mentioned, the best way to maximize your value is probably to pull the parts off and return to stock. You can probably get pretty decent $ here for them, and then you have a stock car to sell which will be more appealing to the broader market.
    Of course this also involves a lot of effort on your part which may not be worth it to you.

    I'm sure you're wishing for a magic number (ie most of the community who follows the market says "list it for $X"), but unfortunately this is very difficult due to the reasons detailed above.

    Best of luck with whatever you decide!
     
  23. RossoNero

    RossoNero Karting

    Sep 7, 2012
    164
    JHB, South Africa
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    Henry
    Without a doubt, returning the car to stock spec is the solution in the absence of a buyer for the car as is.

    You can then sell the parts, which will be a process in itself.

    The truth is, when we start to mod these cars - we acknowledge that putting toothpaste back into the tube is always a lot harder than squeezing it out!


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  24. ///Mike

    ///Mike F1 Veteran

    Dec 11, 2003
    6,097
    Bugtussle
    AMEN to this!!! Sounds like a fantastic car and one that's just my style. I no longer lust for 355s but this one is a whole 'nother story. :)

    As someone else mentioned, it's funny how a 120k mile 993 will often bring more than a 50k mile 355. Sometimes the bad rap the Ferrari crowd gets from other enthusiasts is earned...

    If people knew what efforts are required to build and properly sort a car like this the really good modified cars would sell for a premium over the price of the parts themselves. Unfortunately, there are probably not all that many people interested in such a finely honed example and the few who are will probably want to buy it for a song.
     
  25. Yassa

    Yassa Formula 3
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    May 23, 2011
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