7k mile, 1 Owner F355 - How much?

7k mile, 1 Owner F355 - How much?

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100 IAN

Original Poster:

1,091 posts

161 months

Monday 30th January 2017
quotequote all
With the recent rise in prices of F355's how much do you think this 1 owner, 7k miles from new F355 will sell for?

http://www.silverstoneauctions.com/1998-ferrari-f3...



Its a shame the service history isn't more comprehensive.

Passenger airbag cover looks like it could do with some attention and possibly the usual 'sticky plastic' on the switches from the photos, but these can be sorted.

Look out for it appearing on one of the specialist dealer forecourts in a few months time with an eye-watering asking price...!

roygarth

2,673 posts

247 months

Monday 30th January 2017
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From the ad..
"The service book was stamped on 9th January 2006 by Alan Aston Motor Engineers of Evesham, at which point the car had covered just 2,501 miles and, according to their invoice for £2,708 in the file, the car was fully serviced with new cambelts and replacement brake and clutch fluid. Another invoice in the file from Dick Lovett Swindon in 2008 shows the car received some maintenance and rectification work totalling £2,984. They were entrusted with the 355 again in 2010, and on this occasion, the air-conditioning compressor was overhauled and the car was fully detailed."

This implies there is no record of oil being changed until it was 8 years old.

2501 miles were done in this period with increasingly old oil.

Will this have potentially damaged the engine? If yes, in what way?



DarrenKMC

202 posts

101 months

Monday 30th January 2017
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Certainly doesn't look like it saw a main dealer in all that time.
After Maranello PDI'd the car the next record Ferrari have of the car is the Dick Lovett visits where in 2008 they carried out two recalls, one of which was issued in 1998 and the other 2001.

priley

503 posts

187 months

Monday 30th January 2017
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Not sure I can see the fuss. The miles aren't low enough to be 'collector miles' and the history is vague and questionable at best.

RamboLambo

4,843 posts

169 months

Monday 30th January 2017
quotequote all
It won't be cheap, that's for sure.

100 IAN

Original Poster:

1,091 posts

161 months

Monday 30th January 2017
quotequote all
I'm quite shocked.

MOT history check shows its pretty much always been MOT'd and used a few hundred miles a year, yet maintenance seems to have been neglected.

Amazing....




R36vw

451 posts

145 months

Tuesday 31st January 2017
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Buy on condition is what we all say, however mileage this low will fetch a premium. Big thing to look at as a buyer. Interior will be sticky. Tyres, likely need replacing if not done in its life. Bushes.....these will be on the verge of breaking up although they'll be good as they're a solid beast but is noticeable on change. Water pump maybe and rads will be only a few years from change/recore. Service history is not what many will look at, many will look at buying...servicing, restoring. Can it be done at the right price? 10k may just about get it there.wht it goes for? Well........

Bispal

1,603 posts

150 months

Tuesday 31st January 2017
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I was always told with cars of this age that they are only as good as their last service. If the engine has been out and there has been a full service and check recently then there shouldn't be an issue? Of course a full history would be wonderful but rare. As to what its worth, as Much as you are willing to pay IAN100 ;-)







100 IAN

Original Poster:

1,091 posts

161 months

Tuesday 31st January 2017
quotequote all
Bispal said:
As to what its worth, as Much as you are willing to pay IAN100 ;-)
Oh I'm sure its worth [to someone] far more than I'm willing to pay.......I'm a tight wad.

lostinvegas

196 posts

227 months

Wednesday 1st February 2017
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Having been to a few Silverstone auctions this will likely get bought by someone who will stick it in their garage and never drive it. I was at the salon prive auction 2 years ago. People who had money to burn were buying things just based on the catalog and not really having a good look at the car. Most of them had been drinking too much champagne. Not everyone I might add but there was an element of it.

This is lightly to be a garage queen and someones investment. A real shame but the reality of the current market.

topless360

2,763 posts

217 months

Thursday 2nd February 2017
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How would one verify the mileage of this type of car? If I was paying a premium for this mileage I'd be wanting more than just 2 service stamps in the book.

I'll be surprised if this goes for mega bucks. As someone said, it's in no mans land with the mileage too high to be true collector, and service history lacking to be a well cared for but used example.

roygarth

2,673 posts

247 months

Thursday 2nd February 2017
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topless360 said:
How would one verify the mileage of this type of car? If I was paying a premium for this mileage I'd be wanting more than just 2 service stamps in the book.

I'll be surprised if this goes for mega bucks. As someone said, it's in no mans land with the mileage too high to be true collector, and service history lacking to be a well cared for but used example.
Yes, vendor will be kicking himself for not keeping all the early MOT certificates.

antacid

373 posts

106 months

Tuesday 7th February 2017
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Had my eyes on this but have a feeling that the bids will exceed my budget.. Too high miles for a 'true' collector, but just the right bracket for a long term keeper as far as I'm concerned.

red_slr

17,122 posts

188 months

Thursday 16th February 2017
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I would guess c.£110-120k unless there are 2 people in the room who want it - which is probably doubtful.

Andyandyhall

104 posts

137 months

Saturday 25th February 2017
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Sells for £136,125, I believe that includes the buyers premium

red_slr

17,122 posts

188 months

Saturday 25th February 2017
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£121k at the hammer then not too far off biggrin

topless360

2,763 posts

217 months

Saturday 25th February 2017
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Have to say I'm surprised at the sold price. I thought service history was everything.

One Shot

58 posts

134 months

Saturday 25th February 2017
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I had a look at the car yesterday. Nice enough, but the interior was not great, wear scuffing to the driver's seat and very sticky plastics throughout.

HardtopManual

2,404 posts

165 months

Sunday 26th February 2017
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Driver's seat worn at 7k? I assume the owner stopped to get out and take in the car's lines every other mile.

FezSpider

1,040 posts

231 months

Sunday 26th February 2017
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Andyandyhall said:
Sells for £136,125, I believe that includes the buyers premium
I am happy it sold for this, I am happy when any 355 prices are up there. Never have I seen any other car which amuture market observers as well as owners try to talk the prices down as they do to the f355s. It is what it is, and I am in the positive camp?
I recall when Tom Hartley advertised that blue 355 spider 4 years ago for £100K, people laughed and then he sold it and then advertised another and seemed to start the trend. I don't hear people laughing now wink
Hey did anyone else see the old airing of the "classic car show" last week. It was filmed in 2005 and they were warning people of from buying the many 246 Dino's that needs work for .........£20K!!!!! Instead they advised going the extra mile and spendingl up to £40K for a better one. Wow.
Regardless of what market watchers think, no one knows what will happen.