Pricing a F355, manual or F1

Pricing a F355, manual or F1

Author
Discussion

Andyandyhall

Original Poster:

104 posts

144 months

Friday 22nd May 2015
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Does anyone have any ideas how to price the different gearbox cars give similar condition spec, mileage, etc.

When new the F1 box was new it was quite a premium, does that still hold or do people now prefer a reliable manual than the first paddle shift semi auto?

355Chris355

134 posts

119 months

Friday 22nd May 2015
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There are 5 F355 for sale at tomorrow's Silverstone Car Auction. 3 manuals and 2 autos. That should give a good idea on pricing. Though I think they are mainly LHD.

I believe manual is the preferred transmission given that the F1 in the F355 is rather crude compared to say the F1 in the F430.





Edited by 355Chris355 on Friday 22 May 11:47

mon the fish

1,446 posts

154 months

Friday 22nd May 2015
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Judging by the some of the ads I've seen, it looks like the manual is worth 20% more

Andyandyhall

Original Poster:

104 posts

144 months

Friday 22nd May 2015
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Thanks guys, I've heard the manual is likely cause less problems and with a manual transmission no longer available in many sports cars I guess its the preferred option even though it was a cheaper spec when new.
I'll watch the weekend auction with interest...

FrankAbagnale

1,722 posts

118 months

Friday 22nd May 2015
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I looked at quite a few 355's before opting for something else. Wish i'd bought one but couldn't justify the values and also really struggled to find a good model. It seemed a lot of the cars were sitting around as dealers wanted top money for poor condition cars.

I'm going to make a prediction that those 355's aren't going to achieve the prices most expect/they have achieved recently. Top of the bubble? Is there such a thing as a bubble?

I'll be eating humble pie by the end of the weekend


Steve12NG

273 posts

158 months

Saturday 23rd May 2015
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fesuvious said:
Of course there might be a train of thought to counter (ultimately) that manual versions will remain higher value;

As the current crop of fairly fresh drivers into sportscars are weaned on paddleshift they might not ever desire a manual box.

When everything from a hot Clio to a 458 operates on paddles then when these people start thinking about a classic Ferrari (or other classic marque/model) they might consider a manual box crude, clunky and unnecessary.

Its just a thought. I am not promoting anything. I own a F1 355, but also a manual M3. Moreover I prefer a manual box myself.

But I am presenting a viewpoint I don't think comes up too often when the future values of the future classics are spoken about.

In ten years time, the forty year old may well have driven plenty of hot cars, and not one will have had a manual box. If he wants a 'classic' (to him) the last thing he might want is a manual box!
^^^ this

Emeye

9,775 posts

229 months

Saturday 23rd May 2015
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Steve12NG said:
fesuvious said:
Of course there might be a train of thought to counter (ultimately) that manual versions will remain higher value;

As the current crop of fairly fresh drivers into sportscars are weaned on paddleshift they might not ever desire a manual box.

When everything from a hot Clio to a 458 operates on paddles then when these people start thinking about a classic Ferrari (or other classic marque/model) they might consider a manual box crude, clunky and unnecessary.

Its just a thought. I am not promoting anything. I own a F1 355, but also a manual M3. Moreover I prefer a manual box myself.

But I am presenting a viewpoint I don't think comes up too often when the future values of the future classics are spoken about.

In ten years time, the forty year old may well have driven plenty of hot cars, and not one will have had a manual box. If he wants a 'classic' (to him) the last thing he might want is a manual box!
^^^ this
Looking at the American market, everyone drives autos but is seems they prefer their "sports cars" with manual.

stef1808

972 posts

163 months

Saturday 23rd May 2015
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Maybe I'm justifying my own choices but wouldn't consider a 355 in auto. Its an old tech box, clunky around town, eats the clutch and generally just something else to go wrong. If the F was my track only car I would think differently.

Driving a classic Ferrari should be an experience, again for me, that expereince is changing gears myself in that wonderful exposed gate. Oh yeah - get a gts also hehe

Obviously everyone has their own opinions what they prefer and that's great. What I can't believe is that there won't be any drivers left who don't want the manual.

That mentioned 40 year will hopefully be paying top money for our 355s hehe top money that should buy 0.001 second shifting automatic future cars. Instead he's decided he wants the Ferrari , he's decided to go old school....

Again, get what you prefer, drive it, enjoy it and sleep well at night knowing there's good chances you'll make a profit on it thumbup

TIGA84

5,286 posts

237 months

Sunday 24th May 2015
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stef1808 said:
Maybe I'm justifying my own choices but wouldn't consider a 355 in auto. Its an old tech box, clunky around town, eats the clutch and generally just something else to go wrong. If the F was my track only car I would think differently.

Driving a classic Ferrari should be an experience, again for me, that expereince is changing gears myself in that wonderful exposed gate. Oh yeah - get a gts also hehe

Obviously everyone has their own opinions what they prefer and that's great. What I can't believe is that there won't be any drivers left who don't want the manual.

That mentioned 40 year will hopefully be paying top money for our 355s hehe top money that should buy 0.001 second shifting automatic future cars. Instead he's decided he wants the Ferrari , he's decided to go old school....

Again, get what you prefer, drive it, enjoy it and sleep well at night knowing there's good chances you'll make a profit on it thumbup
Lets hope so..........

http://www.pistonheads.com/classifieds/used-cars/f...

TIGA84

5,286 posts

237 months

Sunday 24th May 2015
quotequote all
stef1808 said:
Maybe I'm justifying my own choices but wouldn't consider a 355 in auto. Its an old tech box, clunky around town, eats the clutch and generally just something else to go wrong. If the F was my track only car I would think differently.

Driving a classic Ferrari should be an experience, again for me, that expereince is changing gears myself in that wonderful exposed gate. Oh yeah - get a gts also hehe

Obviously everyone has their own opinions what they prefer and that's great. What I can't believe is that there won't be any drivers left who don't want the manual.

That mentioned 40 year will hopefully be paying top money for our 355s hehe top money that should buy 0.001 second shifting automatic future cars. Instead he's decided he wants the Ferrari , he's decided to go old school....

Again, get what you prefer, drive it, enjoy it and sleep well at night knowing there's good chances you'll make a profit on it thumbup
Lets hope so..........

http://www.pistonheads.com/classifieds/used-cars/f...

FrankAbagnale

1,722 posts

118 months

Tuesday 26th May 2015
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A quick update on sale prices this weekend...

1996 F355 Berlinetta - Blue - LHD - 47,000 miles - £49,000

1999 F355 Spider - Silver - 22,000 miles - very good history - £57,000

1997 F355 Spider - Yellow - LHD - 4 services in 15 years - Unsold

1995 355 GTS Manual - Red - LHD - 22,000 miles - interesting provenance - average service history - £61,000

1999 355 Berlinetta F1 - Red - 24,000 miles - Immaculate history and presentation - £71,500

N.B - Just checked, my post before the edit included the buyers premium of 12.5% (+VAT).

I've amended the post to reflect this change and noted the hammer prices (or very close to based on my poor maths.)


Edited by FrankAbagnale on Tuesday 26th May 16:05

Andyandyhall

Original Poster:

104 posts

144 months

Tuesday 26th May 2015
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FrankAbagnale said:
A quick update on sale prices this weekend...

1996 F355 Berlinetta - Blue - LHD - 47,000 miles - £56250

1999 F355 Spider - Silver - 22,000 miles - very good history - £65250

1997 F355 Spider - Yellow - LHD - 4 services in 15 years - Unsold

1995 355 GTS Manual - Red - LHD - 22,000 miles - interesting provenance - average service history - £69,750

1999 355 Berlinetta F1 - Red - 24,000 miles - Immaculate history and presentation - £82,125

It doesn't say online but I think those figures are including the buyers premiums. I watched online and don't remember the hammer prices being that high (please do say so if you know otherwise!)
The sale prices include the buyers premium at 12.5% but if you aren't in the trade you would pay VAT on the buyers premium, so a 15% rate.

FrankAbagnale

1,722 posts

118 months

Tuesday 26th May 2015
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Andyandyhall said:
The sale prices include the buyers premium at 12.5% but if you aren't in the trade you would pay VAT on the buyers premium, so a 15% rate.
Ah brilliant, after I deleted the prices including premium I wish i'd posted both up.

I prefer to use the hammer price as my reference point as the estimates pre auction are based on the hammer price not including the premium.

For every buyers premium there is a sellers premium and you can never be sure what the real % is as there may have been some deals done with the auctioneers on premiums.


Edited by FrankAbagnale on Tuesday 26th May 16:12


Edited by FrankAbagnale on Tuesday 26th May 16:13

stef1808

972 posts

163 months

Wednesday 27th May 2015
quotequote all
FrankAbagnale said:
A quick update on sale prices this weekend...

1996 F355 Berlinetta - Blue - LHD - 47,000 miles - £49,000

1999 F355 Spider - Silver - 22,000 miles - very good history - £57,000

1997 F355 Spider - Yellow - LHD - 4 services in 15 years - Unsold

1995 355 GTS Manual - Red - LHD - 22,000 miles - interesting provenance - average service history - £61,000

1999 355 Berlinetta F1 - Red - 24,000 miles - Immaculate history and presentation - £71,500

N.B - Just checked, my post before the edit included the buyers premium of 12.5% (+VAT).

I've amended the post to reflect this change and noted the hammer prices (or very close to based on my poor maths.)


Edited by FrankAbagnale on Tuesday 26th May 16:05
Close, but the lhd gts went for 62k hammer and 9,300 buyers premium
And the 99 berlinetta f1 73k, so 10,950 (15%)

Jonty355

4,423 posts

219 months

Wednesday 27th May 2015
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The sort-after highest value version is a 1996 Manual in Yellow. 50k miles is probably best to have had any issues sorted out but not be too high.