ferrari 360 values
Discussion
While this is an old topic, and possibly been done to death,
I sold my 360 about 18months ago, considering buying another one over this winter,
The prices now dont look much different from 18 months ago, i though that falling 430 prices may have pushed 360's down further.
Also notice that 355's have remained fairly rock solid, i sold one 4 years ago, and its probably worth the same now as when I bought it 6 years ago - yikes !
cheers
scottie.
I sold my 360 about 18months ago, considering buying another one over this winter,
The prices now dont look much different from 18 months ago, i though that falling 430 prices may have pushed 360's down further.
Also notice that 355's have remained fairly rock solid, i sold one 4 years ago, and its probably worth the same now as when I bought it 6 years ago - yikes !
cheers
scottie.
I think that prices for good 360's haven't moved much in the last 2 years. When I bought mine it was rather depressing how many poor ones were out there, which had been either badly maintained, or the sellers definition of 'perfect condition, history, etc' differed from mine.
I can't believe this has changed much in two years. I can't speak for 355's, but as 360's move further down the food chain i believe they will begin to fall into two distinct categories; poorly maintained examples, which will eventually become unsellable and cherished examples, which will have a value not far off where they are at the moment.
My reasons for buying mine were due a combination of looks, build quality, engineering integrity, driving experience and performance. I think those reasons are still valid today, over and above the 355 and 328. It is this, which, in the long term, will underpin the 360 residuals. I'm not even sure the falling price of 430's would convince me to trade up, in my eyes they don't have the visual appeal and whilst they may offer better performance that isn't the sole factor when determining future values. When I bought the 360 it would have taken another 30k to get a 430, it would now only take another 20k for the same car. That speaks for itself.
If values are your main consideration it seems to be the case that, given enough time, if you properly maintain your Ferrari your residuals will be protected and may indeed rise (that time will lengthen, depending on where on the depreciation curve you 'bought in'). These are aspirational cars and are likely to always remain so. If your chosen model was popular when new, i.e. many were produced, there is no reason to believe they will not be popular as a second-hand option. Just my opinion.
Happy motoring!
I can't believe this has changed much in two years. I can't speak for 355's, but as 360's move further down the food chain i believe they will begin to fall into two distinct categories; poorly maintained examples, which will eventually become unsellable and cherished examples, which will have a value not far off where they are at the moment.
My reasons for buying mine were due a combination of looks, build quality, engineering integrity, driving experience and performance. I think those reasons are still valid today, over and above the 355 and 328. It is this, which, in the long term, will underpin the 360 residuals. I'm not even sure the falling price of 430's would convince me to trade up, in my eyes they don't have the visual appeal and whilst they may offer better performance that isn't the sole factor when determining future values. When I bought the 360 it would have taken another 30k to get a 430, it would now only take another 20k for the same car. That speaks for itself.
If values are your main consideration it seems to be the case that, given enough time, if you properly maintain your Ferrari your residuals will be protected and may indeed rise (that time will lengthen, depending on where on the depreciation curve you 'bought in'). These are aspirational cars and are likely to always remain so. If your chosen model was popular when new, i.e. many were produced, there is no reason to believe they will not be popular as a second-hand option. Just my opinion.
Happy motoring!
Edited by ThreesixtyM on Monday 12th September 19:50
Well it's not a million miles away from what I was thinking welshbeef, I mean, I'm not after making any money but if you buy right, then improve you can sell on at, well if not a loss then at least no loss.
The cars I'd be interested in are essentially the same as the bianco spider thread car on club scud. Basically good cars that need tidying up.
Like the car I "had" sorted for the price mentioned. A none cat d car that's tidy will always be worth 30-35 grand as long as you don't go really high on the miles.
The cars I'd be interested in are essentially the same as the bianco spider thread car on club scud. Basically good cars that need tidying up.
Like the car I "had" sorted for the price mentioned. A none cat d car that's tidy will always be worth 30-35 grand as long as you don't go really high on the miles.
Welshbeef said:
You say there are two camps of 360 doesn't that represent an opportunity to buy in the poorer camp at a keen price do it up properly thus making it into the second camp.
Result you may well make some money from it.
You are right of course, anything will sell if the price is right. I guess my point was that, in the short term, the cost of doing up the wrecks verses the current relative affordability of decent cars makes it a fairly unattractive proposition. Therefore those poorer cars will continue to be maintained on a shoestring and hopefully the quality cars will maintain their level too, with only a limited number crossing over either way. It is only if, or when, values start to increase that there will be a significant incentive to restore lesser examples. If it ever happens that day is a long time away.Result you may well make some money from it.
cheers guys,
It would be nice to get a cheap one and spend a little making it better, but generally the cost or making poor examples better is higher than just bighting the bullet and buying a good example in the first place.
on my last one, it had 13k miles when I bought it about about 22 k miles after 3 years of ownership, but i went down the route of strad bumper, skirts, seats and wheels, and including paint and fitting blew over 10k on that alone, never mind belts and service so ownership wasnt cheap,
looking for a spider with sports seats, ideally manual, silver ideally, would consider yellow for a change, last two were red , but i suppose long term red is the dream colour
cheers
scott
It would be nice to get a cheap one and spend a little making it better, but generally the cost or making poor examples better is higher than just bighting the bullet and buying a good example in the first place.
on my last one, it had 13k miles when I bought it about about 22 k miles after 3 years of ownership, but i went down the route of strad bumper, skirts, seats and wheels, and including paint and fitting blew over 10k on that alone, never mind belts and service so ownership wasnt cheap,
looking for a spider with sports seats, ideally manual, silver ideally, would consider yellow for a change, last two were red , but i suppose long term red is the dream colour
cheers
scott
johnnyreggae said:
I'm guessing from the ad mentioned in the last post they've gone up a lot in the past four months !
Surely economic events which will play out in Europe will be the key driver to 360 values. Which will likely play out before the end of Sept. That said if your mortgage free and have over £85k in a bank I'd recommend buying one with anything over this amount as you may lose the lot. ( had a bad day on the markets so maybe I'm over downing it but you never know)
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