355s achieving advertised prices?
Discussion
I'm curious, does anyone here know if 355s are actually making anywhere near their advertised prices? My instinct says no as there are simply too many for sale vs. the number of people who'd do the modern classic connoisseur thing and go for a 355 over a 360/430....it seems like a potentially unsustainable spike.
hi Mario 149,
I hope you are both well , and that the 550 is living up to expectations
I cant answer you question directly, as I have not advertised or sold my 355
however about 7 months ago, I started thinking about swapping it for a murcielago
there has been a definite and consistent rise in the price that I have been offered by dealers for part exchanging the 355 against a murcie over that period
the last murcie that I inquired about, which was just a week ago, attracted a part exchange price from the dealer of 10% greater than what I was offered just 2 months previously from another dealer who had a car that I was then genuinely interested in
my car is fairly typical in being red with a black interior, but is slightly unusual in being a pre-airbag, manual berlinetta
against it ,is the fact that it has done 55+k miles, but for it is the service history with maranellos, bob Houghton and qv London , and the fact that it is the Beaulieu National Motor Museum reference example, and that the first owner was kate bush's husband
so I don't know how my car reflects on the general market, and in particular if you were selling privately and not doing a part exchange
what I do know , and have previously found interesting with regards to 355's , is that the odometer readings on these cars never seems to increase
when I was looking and buying in 2006, all the cars then seemed to have about 20k+ miles , and this seems to be the case just now too
there have been years , when circumstances were such, that I too have done less than a thousand miles in the year , but things just don't seem to ring true in some cases with regards to mileage
there don't seem to be any desirable to me/ available to me , murcies just now , so I will probably hold on to the 355 for the next few years , and then see if I can stretch to an aventador (unless a lovely murcie turns up )
I am more hoping that the 355 will not lose too much in depreciation in those intervening years
what is your opinion ?
I hope you are both well , and that the 550 is living up to expectations
I cant answer you question directly, as I have not advertised or sold my 355
however about 7 months ago, I started thinking about swapping it for a murcielago
there has been a definite and consistent rise in the price that I have been offered by dealers for part exchanging the 355 against a murcie over that period
the last murcie that I inquired about, which was just a week ago, attracted a part exchange price from the dealer of 10% greater than what I was offered just 2 months previously from another dealer who had a car that I was then genuinely interested in
my car is fairly typical in being red with a black interior, but is slightly unusual in being a pre-airbag, manual berlinetta
against it ,is the fact that it has done 55+k miles, but for it is the service history with maranellos, bob Houghton and qv London , and the fact that it is the Beaulieu National Motor Museum reference example, and that the first owner was kate bush's husband
so I don't know how my car reflects on the general market, and in particular if you were selling privately and not doing a part exchange
what I do know , and have previously found interesting with regards to 355's , is that the odometer readings on these cars never seems to increase
when I was looking and buying in 2006, all the cars then seemed to have about 20k+ miles , and this seems to be the case just now too
there have been years , when circumstances were such, that I too have done less than a thousand miles in the year , but things just don't seem to ring true in some cases with regards to mileage
there don't seem to be any desirable to me/ available to me , murcies just now , so I will probably hold on to the 355 for the next few years , and then see if I can stretch to an aventador (unless a lovely murcie turns up )
I am more hoping that the 355 will not lose too much in depreciation in those intervening years
what is your opinion ?
Interesting question, I have been wondering the same thing about both the 550 and 355.
Both mine were in the garage last week being serviced, and. A couple of dealers asked if they were for sale neither of them are at the moment.
Both of them are red and cream manual (355 a spider) and in pretty good shape, the 550 is not far off perfect the 355 has one stone chip / dent !!
Both low miles 355 39k, has been for the last 5 years as I have other cars that get used more, and 550 has 32k.
The prices I was offered as outright sales were in my view very strong, the 550 probably stronger than than the 355.
So in balance and from the feedback, good condition lowish miles cars are selling for strong money but the poor condition / poor colour combos aren't selling for anywhere near the advertised prices
IMHO
Phib
Both mine were in the garage last week being serviced, and. A couple of dealers asked if they were for sale neither of them are at the moment.
Both of them are red and cream manual (355 a spider) and in pretty good shape, the 550 is not far off perfect the 355 has one stone chip / dent !!
Both low miles 355 39k, has been for the last 5 years as I have other cars that get used more, and 550 has 32k.
The prices I was offered as outright sales were in my view very strong, the 550 probably stronger than than the 355.
So in balance and from the feedback, good condition lowish miles cars are selling for strong money but the poor condition / poor colour combos aren't selling for anywhere near the advertised prices
IMHO
Phib
carspath said:
hi Mario 149,
I hope you are both well , and that the 550 is living up to expectations
I cant answer you question directly, as I have not advertised or sold my 355
however about 7 months ago, I started thinking about swapping it for a murcielago
there has been a definite and consistent rise in the price that I have been offered by dealers for part exchanging the 355 against a murcie over that period
the last murcie that I inquired about, which was just a week ago, attracted a part exchange price from the dealer of 10% greater than what I was offered just 2 months previously from another dealer who had a car that I was then genuinely interested in
my car is fairly typical in being red with a black interior, but is slightly unusual in being a pre-airbag, manual berlinetta
against it ,is the fact that it has done 55+k miles, but for it is the service history with maranellos, bob Houghton and qv London , and the fact that it is the Beaulieu National Motor Museum reference example, and that the first owner was kate bush's husband
so I don't know how my car reflects on the general market, and in particular if you were selling privately and not doing a part exchange
what I do know , and have previously found interesting with regards to 355's , is that the odometer readings on these cars never seems to increase
when I was looking and buying in 2006, all the cars then seemed to have about 20k+ miles , and this seems to be the case just now too
there have been years , when circumstances were such, that I too have done less than a thousand miles in the year , but things just don't seem to ring true in some cases with regards to mileage
there don't seem to be any desirable to me/ available to me , murcies just now , so I will probably hold on to the 355 for the next few years , and then see if I can stretch to an aventador (unless a lovely murcie turns up )
I am more hoping that the 355 will not lose too much in depreciation in those intervening years
what is your opinion ?
We're good thanks I hope you are both well , and that the 550 is living up to expectations
I cant answer you question directly, as I have not advertised or sold my 355
however about 7 months ago, I started thinking about swapping it for a murcielago
there has been a definite and consistent rise in the price that I have been offered by dealers for part exchanging the 355 against a murcie over that period
the last murcie that I inquired about, which was just a week ago, attracted a part exchange price from the dealer of 10% greater than what I was offered just 2 months previously from another dealer who had a car that I was then genuinely interested in
my car is fairly typical in being red with a black interior, but is slightly unusual in being a pre-airbag, manual berlinetta
against it ,is the fact that it has done 55+k miles, but for it is the service history with maranellos, bob Houghton and qv London , and the fact that it is the Beaulieu National Motor Museum reference example, and that the first owner was kate bush's husband
so I don't know how my car reflects on the general market, and in particular if you were selling privately and not doing a part exchange
what I do know , and have previously found interesting with regards to 355's , is that the odometer readings on these cars never seems to increase
when I was looking and buying in 2006, all the cars then seemed to have about 20k+ miles , and this seems to be the case just now too
there have been years , when circumstances were such, that I too have done less than a thousand miles in the year , but things just don't seem to ring true in some cases with regards to mileage
there don't seem to be any desirable to me/ available to me , murcies just now , so I will probably hold on to the 355 for the next few years , and then see if I can stretch to an aventador (unless a lovely murcie turns up )
I am more hoping that the 355 will not lose too much in depreciation in those intervening years
what is your opinion ?
Interesting. I've not been following 355 prices closely since I sold mine before the massive jump happened. I let my 54k mile manual Le Mans Blue and Creme Spider go for £27.5k in a private sale back in Oct 12 which was probably a couple of £k under what I could have achieved if I'd advertised it properly and gone through all the faff, but it was a very quick and easy sale to a PHer. That price seems crazy now, probably £20k off what it is in *theory* worth now as a private sale. But then again my 550 appears to have jumped £20k since purchase so I'm even as it were.
I don't begrudge anyone making a few quid out of selling a 355 in the current market, however I'm not sure how long it can last. Famous last words, but I think 355 and 550 values may have peaked in terms of real money for the majority of owners, although the bias in me says that 550s *may* have some way to go still due to their fewer numbers and the whole last of the realistically available 2-seater manual V12s thing (manual 575s and 599s being as rare as the proverbial).
Funnily enough, I'm actually tempted by a Murcie a little bit (I know f1ten from here in *real* life and he keeps badgering me to get one
) as a switch from the 550, although maintenance costs of one scare the bejesus out of me.MJK 24 said:
Mario,
I think £27,500 was very cheap to sell your 355 for. I'd have thought even then it would be worth a minimum of £5,000 more?
The current prices do seem very high and I too wonder how long they'll remain that high for.
You may be right, but there were only a couple of comparable mileage/spec spiders about at that point with dealers and they were £34k or so if I remember. Plus the 2 dealer bids I had were in the region of £21k(!), one of them from Rardley who I bought the car from! That said, I do remember looking at available cars a few weeks after the sale and seeing that say £30k would be the price to put it up for sale at that point, but that was irrelevant as I needed the cash for my 550.I think £27,500 was very cheap to sell your 355 for. I'd have thought even then it would be worth a minimum of £5,000 more?
The current prices do seem very high and I too wonder how long they'll remain that high for.
I adore 355s but with the best will in the world, they're not £60k cars for an average one as prices seem now. They're not even £50k cars for an average one IMO, and notice how the average mileage never changes....! There are almost 30 for sale now which is at least double the number from 2 years ago....people are clearly trying to cash in, and good luck to them, but competition is now fierce. I could well see myself in a 355 again in a few years, but it'd be a LHD one (i.e. how it was designed) bought from Europe for half the price of a UK one.
Conversely, it appears the 612 has finally been realised as a bargain...they were cheap as chips a few months ago (£50k etc) but there's almost none on the market now, so some people have probably done well
Not sure these numbers add up for me! I was looking for my 355 2 and a half years ago and there was nothing decent available for less than £40-45K (and I went to view at least 8 before I eventually bought one!). I also clearly remember that there were over 50 355's for sale on Pistonheads at the time. Now there are approx 30 for sale so I don't think there is any serious panic selling or cashing in going on.
I agree the recent price rise probably has to slow or level but I don't see the 355 going back to 2012 prices any time soon.
I agree the recent price rise probably has to slow or level but I don't see the 355 going back to 2012 prices any time soon.
jw01 said:
Not sure these numbers add up for me! I was looking for my 355 2 and a half years ago and there was nothing decent available for less than £40-45K (and I went to view at least 8 before I eventually bought one!). I also clearly remember that there were over 50 355's for sale on Pistonheads at the time. Now there are approx 30 for sale so I don't think there is any serious panic selling or cashing in going on.
I agree the recent price rise probably has to slow or level but I don't see the 355 going back to 2012 prices any time soon.
The market you're talking about was 6 months earlier than mine, so I guess there was scope for some difference. I find it interesting that a lot of people had trouble finding a decent 355, I saw 3 spiders when buying mine in 2010, 2 at £35k and 1 at £37k - the first being a rosso/crema, the second my one and the third a PHer's Giallo/Nero. The latter was mint, and the first 2 had excellent histories with just a little cosmetic work needed on the leather seats and sticky consoles. Other than that, all was good. Maybe I just got lucky!I agree the recent price rise probably has to slow or level but I don't see the 355 going back to 2012 prices any time soon.
About 2012 prices, you may be right, but when I look at the number of cars with varying spec/mileage at £60k-£65k, it seems like a very artificial market, almost like specialist dealers aren't willing to advertise below that as it'll look bad!
Mario, for what it's worth you are bang on with your prices for your 355, it was a touch cheap but not that cheap to beat yourself up over 30 would have been a touch optimistic at the time with all those miles :-)
Three years ago I paid 30 privately when a very very nice one was 35 max. Same cars are now selling at 50 plus, like you I don't see them at that money. 2 years ago a fair 360 was around 40, now 47 so maybe heading in similar direction albeit a lot slower.
It now seems a 360 is the starter Ferrari, I wonder how long until we say that about the 430 as they are almost at level money for last / first models.
Three years ago I paid 30 privately when a very very nice one was 35 max. Same cars are now selling at 50 plus, like you I don't see them at that money. 2 years ago a fair 360 was around 40, now 47 so maybe heading in similar direction albeit a lot slower.
It now seems a 360 is the starter Ferrari, I wonder how long until we say that about the 430 as they are almost at level money for last / first models.
The shifts in prices are certainly interesting. I paid £35k for my 355 nearly six years ago and shortly after my friend bought a very low mileage 430 for £108. Now it's surprising to see 355 and 430 values almost converging. As for whether 355's are worth it, it's all about what people are willing to pay I guess; mine's going nowhere
Regarding 612's I haven't looked recently after buying mine in the summer and for the price you mentioned, however it needs some TLC (ball joints, bushes, switches) which won't be cheap but the car is an absolute weapon. So even if I pay 10% of the car's value again I think I've done well, it really is quite a machine.
Regarding 612's I haven't looked recently after buying mine in the summer and for the price you mentioned, however it needs some TLC (ball joints, bushes, switches) which won't be cheap but the car is an absolute weapon. So even if I pay 10% of the car's value again I think I've done well, it really is quite a machine.
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