Ferrari 360

[gaz1234]

Love these and the f355, but think they must have to come back down in price?!
What are the running costs like and things to look out for.

This is local to me http://www.pistonheads.com/sales/4252117.htm - quite tempted to see it. Would need a small loan but if it held its value then maybe...

Guess a manual would be better than the f1?

[Fantuzzi]

There is a topic on 360s in the Ferrari Maserati section at the moment some of the post might be helpful to you.

[R300will]

Manual would be better, running costs will ruin you. A friend of my uncles had his 360 serviced and the bill was many thousands and he didn't even have any major work done. Just the usual oil, filters, brakes.

[gaz1234]

yea, crazy money

[m444ttb]

For the sale of argument lets say I'm never going to sell my F355 or 360 so a Ferrari dealer stamp doesn't matter. Are these cars easy to service yourself? Presumably the servicing premium on an hourly rate is purely because of the franchise cost for the likes of Dick Lovett vs their BMW franchise and to rise you for having some cash.

[Codswallop]

This chap maintains his 348 and has a interesting thread here.

At the end of the day, it works using the same principals as an A series Mini, just with trickier access to various components, and inflated parts prices.

[fourfivesix]

Several good independent Ferrari specialists out there who will offer an arguably better service than main dealer.

When I had my 360 I had it serviced at Bob Houghton Ferrari (used to be the franchised main dealer) and the basic service was less than £800. Dick Lovett quote at the time for the same service was over £2000.

I'm now on my second Ferrari and the key thing (been said on here many times) is they need to be used, like any car really. I've had no major issues with 360 or 456, it was more small items like alarm siren or relays. You need to be prepared to put some money into it but honestly my Land Rover has cost me more in maintenance.

Go buy one, service it at a specialist and enjoy.

[otta]

Personally would never buy a car with leverage, having said that I think you should ask yourself how you would feel if day 2 the gearbox or engine let go and it was 10k to replace. If you cannot live in that scenario or would seriously affect your living standards then I would not go for the car....

[Cerbieherts]

gaz1234 said:

Love these and the f355, but think they must have to come back down in price?!
What are the running costs like and things to look out for.

This is local to me http://www.pistonheads.com/sales/4252117.htm - quite tempted to see it. Would need a small loan but if it held its value then maybe...

Guess a manual would be better than the f1?

A 355 will certainly not come down in price, indeed they are steadiy climbing. 360's have about bottomed out, so don't expect a cheapie unless you buy a damaged/no history'd dog. Stay independent for servicing,many (not all)main dealers will machine-gun an older model for work, even using a good indie, you need to have a fund to cover mechanical incidents outside servicing, and this can be expensive, actuator failure could sting you £3000 even if you have used parts, a failed water pump or airconditioning compressor will cost you £1500+....and so it goes on.... If you can only just afford the car with a loan, you may screw yourself trying to pay for service and repairs. Cars later than the 355 are NOT diy friendly.....

Edited by Cerbieherts on Saturday 22 September 18:45

Edited by Cerbieherts on Saturday 22 September 18:49

[MrC986]

FWIW, I think the 360 pricing has been strong this summer strangely & the best time to buy is clearly the winter. The various threads on 360s make interesting reading though continuous servicing including cambelt changes is important as is confirmation that the suspension is ok....the suspension parts seem to wear very quickly. Previous post suggests using independent service specialist which is very sensible advice. If you use a good PPI you can also buy privately and keep the saving as a repairs fund that you would have paid a dealer. If you buy from a dealer make sure it is a marque specialist.

[mike01606]

Servicing is not as bad as some above may think and if you are reasonably handy you can get dealer stamp for the annual and belts then do the rest like brakes yourself.
That said these cars are expensive to own and maintain properly when compared to a daily driver. I budget £250 a month for maintenance, tax and insurance.

An annual will be about £600. Belts every 3 years about the same. A clutch can be £2k and last from 10 to 25k depending on use. Brakes £800 all round for parts. Tyres £1200 etc. ball joints are a known wear item and there are 2 per corner at about £250 each fitted. History with these cars is important.
You can't see what is happening to future values but if you buy a good one at the right price you are trading running costs with depreciation as at the moment prices are pretty static.

M

[Kickstart]

Cannot comment about a 360 but ran a 550 for 4 years and that cost me circa £1 per mile in maintenance and tyres to run. Interestingly when I added up the service receipts from new it had cost almost exactly £35k to run.

Whilst those are not small numbers most ferraris cover small mileages and I normally did 2k - 4k per year I would guess if you did a bit more then the cost per mile would come down.