What's it worth? Selling 355 for a 360

I have a chance to buy a really nice 360 Spider, but that would require selling my newly acquired 355 Berlinetta. I've only had the 355 for 4 months and I hate to sell it because the car has had so much done to it this year.

I just love the 360 Spiders and I found a super clean, no stories example with under 5k miles. It's not cheap, but the car is soooo nice that I want to buy it so I can enjoy the sun in the summer. This Ferrari stuff is addicting! It's also very expensive, so I know my 355 must go or I may have to live in the 360.

So what would my 355 be worth? Here are the details:

1995 Ferrari 355 Berlinetta 6-speed
Black/black
28,000 miles
Challenge Grill
Capristo Stage III with test pipes (I also have the stock exhaust and cats)
All tools
All records since new
Never been wrecked
The car has rebuilt QV manifolds.
Ferrari of Los Gatos rebuilt the valve train at 22k miles with the new valve guide parts so there is no valve guide issues. Again, I have all of these records to prove it to a buyer.

When I bought the car I thought the exhaust was too loud. But then I found out that the bypass was wired open so I took the wire off and now the exhaust sounds great and when you press on the throttle it gets VERY LOUD and sounds like an F1 car. I love the 355 sound now, but I wouldn't recommended wiring open a Capristo Stage III unless you wear ear protection. It has test pipes on the car and gets no codes because it is a pre-OBDII car. The 360 doesn't sound as good as the 355, so I guess I'll be buying an exhaust for it.

The car runs strong and drives great. It needs to have the drivers side seat bolster re-dyed. I have the stuff to do it, but I may just wait if I'm selling the car and let the next owner do this job. I already replaced the A/C controls with the piece that does not bubble up. The leather dash has very minor shrinkage. I have been applying leather conditioner to it and working in back into place. It's getting very close to being back to original. The carpets look very good and clean.

All the controls work and it has no known issues. The paint looks good and I just had the front bumper and head light covers resprayed because of rock chips. They did an incredible job. Of course they should look great for about $1,000.

June 2006 (28,300 miles)
New A/C compressor, dryer, etc. We found a fuse that had been blown because of Ferrari's poor design so we replaced it with an upgraded gold plated version. It blows super cold and works great. Pretty much every part on the A/C system was serviced so it should be good to go for many years.

May 2006 (28,100 miles)
Complete 30k service including timing belts, tensioner bearings, valve cover gaskets, cam seals, all o-rings, fuel filter, oil filter, PS belt, Alt belt, A/C belt, water hoses.
Repainted the valve covers with Ferrari red and polished fins
Pressure washed the engine and painted the intake
All front engine gaskets were replaced so it has no oil leaks
Installed rebuilt manifold from QV London
New front rotors and pads (Brembo rotors and Porterfield pads)
Rebuilt the alternator
Refinished the bumpers (I have all the pictures of this process to prove it was not wrecked, just painted to get rid of the rock chips.)
Replaced the inner CV boots
Installed new throttle cable (It was sticky, now it's not)

April 2006 (27,8xx miles)
New Michelin Pilot PS2's. Put 295's in the rear! Looks very cool.

September 2002 (22,900 miles)
Replaced valve guides with updated guides (very expensive job!)
30k service: spark plugs, cam belts, filters, tensionors and bearings, spark plug wires.

$13,800 has been spent on the car in the past 3 months. I have all of the receipts and records for this, plus all the records from the past. It has a great history of being serviced and maintained to the highest standards.

Will having so much done to the car scare buyers? Should I discuss all of this in the ads I place or just say, "30k service done"? I'm afraid that some buyers might see the invoices for the past 4 months and think this Ferrari will cost a fortune to keep on the road. So how do I advertise this but no scare people away?

I want to sell it quickly so I don't miss this 360 Spider. I know the prices are all over the place for 355's. I've seen from $55,000 to $85,000 for simular cars. I don't want to price it wrong or I may miss out on the 360.

What's your thoughts on pricing this car? Since 1995-1997 have valve guide issues, I know having one that is corrected will help the value. But what's that worth over another 1995? Also, black is a tough color to sell when it seems everyone likes red Ferrari's. So do I discount it for that?

Help me price it for a quick sale. Then also tell me what I could expect to get if I were to price it higher and take more time to sell it. I may be able to swing the 360 and sell the 355 in 2-3 months. I would be willing to do that if it means getting a lot more money.

Thanks,

- Bill

 

Thanks Tim. I've running these and many more questions through my head, but I just can't get over how dang sexy the 360 spider looks.

- Bill

 

Thanks, I have always liked the looks of the 360 Spiders, but after driving it this week, I'm sold. of course it will need an exuast.

I'm not sure that it's worth $80,000 more than my 355, but I'm going to try and find out.

- Bill

 

The 355 Spiders are hard to sell right now because there is at least a 6 to 1 ratio of Spiders vs GTB's for-sale. I have no idea why, but there are a lot of 355 Spiders for-sale.

If I had not just spent $13k the major service, engine detailing, new tires, manifolds, bumper respray, etc. I might take low 60's, but there is no way I can do that now. Heck, I may as well part the car out for that.

- Bill

 

Money matters of course, but no so much that I'll let it stand in the way of a 360 Spider. I may just keep the 355 for a few months and market it correctly instead of trying to sell it quick; which will result in too low of a sale price.

I tell ya, the 360 Spider really got me. It's like a hot girl in high school feeling. I can't explain it, but I know I must have that Spider. I have always loved the 355's and never really cared much for the 360's. But once I drove it, I changed my mind. The car is so nice and really drives well. I wish it sounded more like the 355, but this is something I can overlook.

Thanks everyone for the help.

Bill