Too many 360's?

Haven't seen any at $80K yet. Sport Auto has a silver '99 F1 at $109K asking.

Jim Lyons sold this one, asking was $99K:

http://www.sportscarcompany.com/detail-2000-ferrari-360_modena-2729412.html

I think the $90K-$110K range is probably reasonable right now for coupes, Spiders being higher.

 

My post contains factual information that isn't exclusive to owners and/or purveyors of sports cars. I needn't be either to be privy or able to post that information.

 

a few weeks ago there were two 360 for $84k and two spider for under $100k

 

Have you?

 

I think about this often, looking at the economy currently we have some challenging quarters ahead of us and possibly some challenging years. In the last five to ten years debt has driven our economy if not out of perceived home equity then out of credit card debt and other programs like 0% financing etc. So they say that the average American has 10K in CC debt, if that is true then 3,000,000,000,000.00, 3 trillion dollars into the economy over the past years entirely based on debt – crazy number OK lets be conservative and say 1.5 Trillion. Debt has driven our economy and the paper that all these investment banks hold is what is going to crush our investment banks, sub prime has reared it’s ugly head, next will be CC debt, and I wonder who holds all the paper on the 3-5 year 0% financing debt that always has a balloon payment at the end…what will the default on that paper be and who holds it? What ever happens I predict that the debt is taped consumer confidence is down and that 1.5 trillion figure going into our economy is going to be slashed over the next few years.

Back to point on the 360’s and other Ferrari’s, when we quote production numbers we need to pay attention to cars that have come into the North American market. They are still and will always be a low production car, you are never going to be out and run into Ferraris everywhere unless you’re in Monaco. I think if you have to sell a 360 right now or next year you will take a bit of a hit, just like if you have to sell your house you will get less in this market then in the past. From what I have read and from my “gut” I think we are in for a rough road over the next two to three years and I think their will be some great buying opportunities in all Ferrari markets. I think a well diversified mix of assets weather any economic slump better then a concentrated one, and one or a few more Ferraris will weather this storm well. If very nice 360’s get into the low 70’s and any of you are selling them in the next 24 months please PM me and I will happy to take it off your hands. I think over the long term well taken care of Ferraris will be excellent places to place a few bucks, will 360 lose value yes they will they are still depreciating but buying the cars that are fully depreciated I think they will do fine over the next 5 to 10 years. For the record I think the 360 is an amazing car, and one that I will own in the next year or two.

Andrew Kelley

 

Yes, I have brought and sold a Stradale.

Dale

 

360 are successors so to speak to the 308's. They are gorgeous cars with plenty of Ferrari oomph and performance. 308 are still quite popular. I think 360 will just continue that tradition.

 

I think part of what makes the 308 series popular, is that they are easy to work on for the DIY type mechanic.
The electrics and associated SD2 testers required to set the paddle shift trans correctly will move them out of the DIY area.

 

4,500 348 all models combine? Also, can you tell us how many 355 were produced?

 

I agree... The 348 is the Porsche 911 aircooled vs Ferrari 360 = 911 996 watercooled. The resale value of the 911 993 is out of this world..Supply and Demand.
Back in 2001, I went to the Porsche dealership to buy a 911 Turbo and there it was a green 911 993 Turbo S for sale. I asked the salesman how does this car compare to the new 911 996 Turbo. At that time both cars were in the same price range. His answer was "its similar but the 996 has a slight edge cuz its new".
I love my black 996 TT but sometimes I wish I bought the 993 Turbo S instead.

 

Out of a total of 258 360s on AutoTrader right now, twenty are on sale for less than $110,000, the average price of 360s being in the $150,000 range. For a coupe, of which 102 are on AutoTrader, the average price is around $130,000.

I agree with you, Dale - in general, they're not '$80k-$110k cars.' However, there are some cars - even a few good ones - in that range.

 

After all the 430s are out burning gas and the new Berlinetta is a year into production, the 360 will become the Camaro of the next decade.... meaning any dreamer/kid with 45 grand and a decal fetish will have one modded on the street!

Mark my words.

 

These cars have not reached the basement of their depreciation yet.....they may have a ways to further fall. Funny, I think FChat saw similar questions/posts regarding 355s when the 360 was introduced.....it cycles. However, as Ferrari's first all-aluminum chassis, the 360 may have an edge in longevity, reliability, and daily-driver user-friendliness that may make them more-attractive to the used market for some time, although if you want one there are dozens and dozens and dozens of low-mileage examples to choose from it would seem.

 

I bought my 9,000 mile 01 Porsche Carrera 4 Coupe for 48K in August of 2006.
Today the car has 11,000 miles and it is probably worth 38K. I enjoy the car, but far from an investment.

 

The Dino was a "mass" produced ferrari for the time and somewhat of an orphan. In the late 70's these were 13k rust buckets. Today we appreciate them for what they truly are and they are highly valued.

If you are looking at a newer ferrari have a little faith in good tate and pick one you feel resonates and is beautiful. Odds are 15 years from now any number of other people will find this car beautiful and desirable too.

Boxers were once just old hat, now people think it is a seminal car. Most cureent boxer ownners have had their car for a while and bought it because of what it was, now the great masses driven by media consensus agree.

Same thing with the 288, it sold at a serious discount to a F40 for many years because many people saw it as looking too much like a 308, yet today people see the 288 as one of the most beautiful ferraris.

Whatever anyone says about a 360 its looks are classic, more so than a 430. The 355 was a seminal car being the rebirth of ferrari. To my eyes its looks could have come from toyota ala mr2, particularily the front. I think 360's like 308's will always be deirable and able to trade on their looks, even when their performance is eclipsed by the next greatest, this loom and style coupled with still potent performance will make them classics. I also think a 550 and possibly a 456 will be future classics. The 550 today is like the boxer was 10 years ago, a inexpensive 12. But with front engined 12,stick and relatively few driver aids we will not be seeing its type of rawness again. additionaly while the 599 may have its charms, like newer ferraris it tends torawrds the cartoonish look, it is in style but not neceasrily stylish, its fate will be that same as the testarossa. The 550 is more restrained classic built on a long line of classic shapes, same with the 360 which clearly harkens back to the Dino.

As for a Dino if you buy one drive it. Ferraris are for driving as much as looking at, to not drive it and allow it therefore to mechanicaly disintergrate is the same crime as defacing the bodywork.

Figure this, a great 328 is a 60-70k car, the 360 is not going below 80K, if you buy a good one for say 100k
the worst you will have in depreciation is 20K. If you keep it long enough there may be no depreciation. as in all things ferrari if you buy a good one you will save big $$ in upfront maintanace. Given the maintance expenses here what is 20K either way, buy a great car and enjoy it, if its a good one keep it long enough and you will get your money back. If you are looking to trade in and out, well a dino may be heavily overpriced already so 5 years from now the hit could be grerater than the cost of a 360. Buy to drive, look after tit and somwhere aong the timeline its going to be worth more, of course by then Mainatance will have more than eaten the profit.

 

Ferrari made a lot more than 4,500 348s. Here's the breakdown:

348 tb: 2,895 (130 of which are UK RHD).
348 ts: 4,230 (261 of which are UK RHD).
348 Spider: 1,090 (68 of which are UK RHD).
348 GTB: 252 (14 of which are UK RHD).
348 GTS: 137 (15 of which are UK RHD).
348 Serie Speciale: 116 (at least four of which are RHD)
.
A grand total of: 8,720 (492 of which are UK RHD).

Production of the tb and ts began in 1989; production of the GTB and GTS began later; production of the Spider began in 1993.

 

I'm glad there are so many 360s, I could sell the f430 and buy an early
cheap one and save a ton while the sacrifice in performance in this case can be justified.

 

Not trying to step on anyones feet but I hope the same story goes for F430, I really want it to be my Ferrari debut hearing how good it is... Will get one in 3-5 years, hopefully...

348 is within reach ATM but the quality is not good and buying one old Ferrari doesn't comfort me unless it's a two-owner pampered car. F355 is within reach within a year and probably the most beautiful Ferrari IMHO in Spider form - but high maintenance cost is not my kind of thing (5000 miles a year) considering no official workshop locally... 360 is a blast but too wide, "too common", a little bit scary at the limit and the looks does not do anything for me at all - it looks bloaty.


F430 ticks all my boxes, just sitting on fence until it's taken all the hit. Rest assure I will get a high mileage one and drive it without saving the miles for the next owner... My hero is the 62.000 miles Carrera GT guy I have not driven one yet but will do after summer on a track in Paris, can't wait...

 

Jeez, I'm getting a massive headache reading this thread!
Image Unavailable, Please Login

 

No one tells you to, the above is just my strategy to the F-car that attracts me the most - that's all.

 

I also used to like the 360, but it seems a bit dated now in it's base form and a bit common, if thats possible. The F430, while similar, looks way fresher. If I were considering a 360 though, it would have to be the 360CS.

However, if I weren't looking to spend CS/430 dollars, I would get a 355 Coupe or GTS, preferably the GTS. I think it's one of the best looking Ferraris. The Spyder ruins it IMO.

In terms of resale, it's hard to say. I look around every now and then, and I see some cheaper, higher milage, early 360's, and then some late, very expensive 360's with ~$180K price tags. More than the base 430 MSRP... too much IMO.

 

I started out agreeing vigorously, then you got to the '360 looks are classic' part and the wheels came off. There is not a consensus, that I have heard, that 360 was a particularly successful design. The 308 was adored from day one, and the 355 was widely admired. The 360 was lauded mostly for its improved ergonomics and technology. But the bottom line is it's waaaaaaay too early to start calling a 1999 car a "classic". And the oversupply probably isn't going to help it attain classic status.

The 550 has never felt "raw" to me, and if you own a Boxer I don't quite see how you could compare them. The Boxer/308 era was long gone when the 550 rolled off the line. I like the 550 for what it is, but it's a relatively luxurious ride among Ferraris.

I also wouldn't compare the 599 to the Testarossa. The former is a very conservative design, the biggest flaw being that it isn't all that distinctive. The TR was the opposite, so brash that it polarized people from the start, and so distinctive that you can identify it in the dark.

Anyway, back to the 360 discussion...

 

Franky, I think that the F360, followed by the F430, will go down as one of the best production Ferraris ever built. Period. I don't care how many Ferrari built. I don't care that you have to do a timing belt every three years. I don't care if the F1 will become a nightmare. I don't care if the finish quality is a joke (you could see the undercoat through the paint on my Stradale). I don't care if reversing the car burns up the clutch. I just don't care.

But I do care about the feeling you get when you get behind the wheel. Granted, I haven't driven as many different sports cars as some here have. However, I have driven a more than one or two Ferraris, Porsches, Lotus, Vettes, etc. etc. etc. When it comes to a production sports car, nuthin comes close. I don't know what it is, but a F360 is a flat out better car than everything else, including a GTC, Daytona, 512TR, Maranello, 328, 355 and on and on.

The only car that is better is a F430.

While I like the looks of a F360; remember, it doesn't matter how the car looks when you're behind the wheel.

Dale

 

The most dated part of the 360 look are the 18 inch wheels. If you slightly lower the car and put on 19inch wheels, the car doesn't look dated (yet). The lower ride height and the wheels is a big part of why the CS looks so good.

I think the fact that the 360 is cheaper to maintain than pervious V8 Ferraris and is reliable will keep the car in demand.

 

disagree all you like. from my post you should gather that i would not buy a 360 right now. recently buying and/or selling a 360 would be prejudicial to my analysis, as it is with yours. i remain untainted and objective.