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Watch out for this 355!

Discussion in '348/355' started by lawwdog, Feb 1, 2004.

  1. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    Anybody bidding on this car should contact me for more info.

    http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6212&item=2457194656

    As some of you know I own a dealership. This 355 went through the auction last month here in California and has many issues that the pictures and description don't mention.

    To say the least, the only thing clean on this car were the wheels.

    Multiple body panels repainted, leather dash board shrinkage, just one well used F-Car.

    Mario

    P.S. No I did not try to buy this car, although I wouldn't mind the wheels for my car!
     
  2. Jerrari

    Jerrari F1 Veteran

    Jul 24, 2001
    5,458
    Michigan
    Full Name:
    Jerry Wiersma
    Ya, but he says it's "awesome". Why would he lie? LOL!!!
     
  3. KKSBA

    KKSBA F1 World Champ
    Rossa Subscribed

    Oct 31, 2003
    13,761
    SBarbara-La Jolla CA
    Full Name:
    KKSBA
    I would like to know what an "As-is extended warranty" is? LOL!
     
  4. Bmyth-FDC

    Bmyth-FDC F1 Rookie

    Oct 4, 2002
    2,742
    Southern California
    Full Name:
    Byron
    Mario -
    Good lookin' out! We need more eyes and ears like yours!

    Byron
     
  5. F355Fly

    F355Fly Guest

    Nov 26, 2003
    54
    SoCal
    Full Name:
    Asi
    DO you remember what it sold for?
     
  6. Skidplate

    Skidplate Rookie

    Nov 16, 2003
    7
    Add states "TUBIE" exhaust. Add states 1997 car. Information plate on photo states 1996. I dont feel good about seller.

    Alex
     
  7. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    By the way no secrets needed,

    The dealer paid $67,750 for this car. Way Way Too Much for what this car needs to make it right.

    Unfortunatley the driver who brought it up on the block roasted the clutch and it sat at the end of the auction block with smoke pouring out of it.

    Most Ferrari dealers that were there including myself sat in amazement that any dealer paid that much for this car.

    Mario
     
  8. F355Fly

    F355Fly Guest

    Nov 26, 2003
    54
    SoCal
    Full Name:
    Asi
    Isn't that a pretty good price for the car? I don't know how much work it needs but it sounds cheap. Maybe what they say is true "you get what you pay for". Do you remember what it needed to make it right? can you estimate the cost of repairs off the top of your head? A friend of mine was actually looking at it but I just called him and told him not to rush into anything.
    Thanks in advance.
     
  9. Chiaro_Slag

    Chiaro_Slag F1 Veteran

    Oct 31, 2003
    7,731
    CA
    Full Name:
    Jerry
    Manufactured in 1996 - I think this is a 1997.
     
  10. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    My recollection was that the car needed the following:

    Engine out 30K
    (No records were with the car and the oil was black as black could be)

    2 body panels needed to be re-painted
    (Major Orange peel)

    New Clutch
    (It let lose on the auction block)

    Front Nose Re-paint
    (Major Curb rash)

    Skip Plates missing

    1 of the exhaust manifolds were cracked
    (The car had the famous exhaust leak when it fired up)

    Engine Compartment had a few parts rusted
    (typical of car that was left outside near ocean climate)

    All in all I figured it needed at least $10,000 to get into shape. The dealer paid $67,750 for the car + buy fee + shipping to the store + minimum of $10K for reconditioning.....what more needs to be said...

    With this said I or any other dealer who wants their inventory to be straight would be in this car $80K when said and done

    now try to sell it to some savy F-Chat guy for $85....

    see my point! :)

    Mario
     
  11. F355Fly

    F355Fly Guest

    Nov 26, 2003
    54
    SoCal
    Full Name:
    Asi
    So do you think he repaired all this or is simply hoping for someone to buy it thinking the car is in "awesome" condition? By the way what are skip plates?
     
  12. triXXXter

    triXXXter Formula Junior

    Nov 11, 2003
    652
    Ft. Worth TX
    Full Name:
    Steven G. Ogden
    hmmm... I live in Arlington, think I'll give him a call and see what it drives like. Even the pictures show the interior is in pretty bad shape.
     
  13. Storm-Rider

    Storm-Rider Karting

    Nov 7, 2003
    91
    I know hindsight is 20/20, but generally I would avoid any car that is not all stock. And with a reserve, all that is needed is for one person to bid up the car instead of two.
     
  14. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    15,974
    Savannah
    Full Name:
    I NEED A JOB
    thank you for the warning .
     
  15. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    I don't know if he fixed these issues? I doubt it since the car sold on Jan 8, 2004.

    Skip Plate.... Bad spelling. There are 2 skid plates on the bottom of the front bumper to prevent scraping on the nose.

    Mario
     
  16. Gman

    Gman Formula Junior
    Rossa Subscribed

    Jul 15, 2003
    802
    York, PA
    I just went to the site and it is now "sale ended: Feb-02-04 09:18:34 PST ". Guess that you busted them and they pulled it :)
     
  17. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario

    I just hope whoever buys it does their PPI and looks at the car. I don't want to hurt the guy for doing business. But there is some loyalty to fellow Ferrari people.

    Mario
     
  18. Cavallino Motors

    Cavallino Motors F1 World Champ
    Lifetime Rossa

    May 31, 2001
    14,143
    Florida or Argentina
    Full Name:
    Martin W.
    But Mario....it is red..:) LOL
     
  19. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    If I wanted Red Martin I would have bought your car :) :)

    P.S.

    Where are my spacers??????
     
  20. Sharris

    Sharris Karting

    Mar 19, 2002
    159
    Salt Lake City, Utah
    Full Name:
    Sean Harris
    I did sell this car a few years ago; it was a trade in on a new Maserati. The color is Rosso Barchetta - dark red. At the time we did a 30K service as well as all the underbody panels were replaced due to some cracks. At that time it had 28,400 miles. We also replaced the catalytic converters.

    Condition wise it seems to have gone down hill quite a bit. The client we sold it to had the car repossessed last summer and that is why it ended up at the auction. It must have sat outside down at the auction for several months. Prior to all of that is was a decent car.
     
  21. lawwdog

    lawwdog Formula 3

    Dec 4, 2002
    1,178
    Northern California
    Full Name:
    Mario
    Sharris,

    Isn't funny how cars like this seemingly pop back up after you sell them. It happens to me a few times every now and then. Funny though, this car was owned by BMW FS... and was a roach by my standards.

    Although I still would like those wheels.

    Mario
     
  22. Sharris

    Sharris Karting

    Mar 19, 2002
    159
    Salt Lake City, Utah
    Full Name:
    Sean Harris
    The wheels were very nice, but they were 19" and would make contact with the front fenders and cut the tires as well as kink the fenders. You had to be very careful.

    I have seen cars left sitting at the auction go downhill very quickly, not to mention you don't know who has been driving the car around. I always cringe when I see a regular car hauler with a 350lb driver wedge himself in a Ferrari and then proceed to melt the clutch going up the ramps, dragging the bottom all the way up. Then once at the auction they are left to sit and bake in the sun and the battery has to be jumped and they remove the panels trying to find it and never put them back on.
     
  23. Meeyatch1

    Meeyatch1 Formula 3

    Dec 28, 2003
    1,335
    State of confusion.
    Full Name:
    Mitch
    ...the life of an auction car.... :(
     

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