advice please on 360 modena

[TISPKJ]

You mean this one ... you love a bit of mileage dont you :-)

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

[TISPKJ]

I rather like this one ...... has miles though.

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

[johnnyreggae]

'has miles though' : Why are you so obsessed with miles ?

They don't fall apart after 40 000 as evidenced by both Beb's & Harsh's cars which each have 100 000 with negligible unscheduled work

[JiggyJaggy]

38k = has miles? Most drivers do 15k miles a year, does that mean it is old within 2 years equivalent? That seems harsh. I see Astons all the time with 80-100k on the clock.

[TISPKJ]

I fully agree with you, madness, but that is the world of ferrari not me.

Try getting a bid on something with miles on it.

[JiggyJaggy]

Fair do's There is a 61k miles Red convertible on PH/AT which had been on for at least a month for £37.9k, I would buy that at circa £33-34k for a weekend car, the miles will catch up eventually if you are barely doing 1-2k PA.

[mike01606]

TISPKJ said:

I fully agree with you, madness, but that is the world of ferrari not me.

Try getting a bid on something with miles on it.

It's a myth we all need to stop perpetuating......

It's the same with colours. People buy Red ones even if they don't want red so they can sell it on.
Buy the colour you want not what the next guy might want. If it's none red you buy cheaper and sell cheaper.

History and condition should be the only factors......

[TISPKJ]

History and condition become more relevant than miles and owners the older a car gets I agree.
Like I say, it is mad that a 4 litre V8 with 30k miles on it is considered high miles, but it is what it is.

The 60k mile car will be sitting there a lot longer as well at that money, why would you when for same or very similar you can buy a 40k mile car albeit possibly in a different colour, agreed at 30 you may take a gamble.

[Kyodo]

mike01606 said:

History and condition should be the only factors......

Amen

[richglobe]

mike01606 said:

richglobe said:

Hi, any advice on what anyone would value a two owner 360 Modena, Argento ,blue carbon seats, manual with 18k miles. The car has been sat for the past 6/7 years and not run but the mileage is genuine and due to the fact it has not been on the road has no service history apart from prior to purchase. Belts changed and service prior to purchase at Macaris a few month before she was laid up. Every year it has been declared as sorn so it has been off the road and a couple of years ago was stripped and fully resprayed. What are the downsides of the gap in service history and if it was to go on the market what would be the correct asking price ?

How/where was it stored? It does seem odd it was fully repainted whilst not in use. I have a 33k mile, 2000 car that has been used and the only paint its had (or needed) was the front bumper for stone chips. I'd really want to understand the background to this.
If it's been in a dry store then it should be OK but if it has been in a damp environment there may be all sorts of mechanical issues lurking underneath.
You will also need to factor in the full recommissioning costs and as a marker Nick Cartwright had a very similar car for £46k/£47k which was for sale for a good while.

http://www.nickcartwright.com/carsales/showroom/vi...

Hard to value without inspecting it but I'd say anywhere low to high 30's depending on condition.

Edited by mike01606 on Friday 25th April 09:50

Hi and thank you for the response/advice (F1ten and others involved).
The car was purchased and then involved in a non insurance related claim. It needed a o/s/f wing and headlamp and bumper (Parts would have repaired but opted to purchase brand new parts). As it was not a main vehicle it was parked up until the time to fix it was right but in the meantime we had another blue 360 which had been on a track day and involved in a bump. As the silver one had been stood for a year or so it was decided to remove the radiator,frames and some suspension from this to enable the blue one to be back on the road almost immediately. The silver one was now not important and remained parked up in dry storage until it was decided to be put in to be repaired. Whilst it had been stood it could be said it became a bench and a few scratches appeared on the roof and rear wing so opted to strip down fully and have repainted as was itching to get her on the road. Respray was immaculately done with all seal trims etc removed. Interest was lost and it stayed/stays under cover until present day but have not had real interest to sell and probably never will but was curious to know what effect the non service history would have. The £ 300-400 will be worth it for the inspection and as mentioned earlier the sorns are all documented to prove she has been of the road. I will finish and possibly use soon but until a few minor parts ( rad frames etc) are sourced she lays in wait. The car in the link by Nick Cartwright is the exact same except mine has blue rather than the black leather. Why are silver cars less sought after ? personally I love the colour combination and when she does see the light of day I'd like to put the CS wheels and CS rear grille to finish off.
Thanks to all.

[mike01606]

richglobe said:

Why are silver cars less sought after ? personally I love the colour combination and when she does see the light of day I'd like to put the CS wheels and CS rear grille to finish off.

I don't know....maybe Ferrari's are red and German cars are silver. I love it too, enough in fact enough to buy one. The black rear grill looks fantastic on a silver car and the best Speciale I've seen by far is the silver one. It really shows the detail....

Here's a thought.....like mileage myths, people read on here that silver isn't popular which means they don't want to buy one either. I say buy what you like......

[Mario149]

johnnyreggae said:

'has miles though' : Why are you so obsessed with miles ?

They don't fall apart after 40 000 as evidenced by both Beb's & Harsh's cars which each have 100 000 with negligible unscheduled work

Not quite negligible to be fair (Paul looks after my cars as well so we chat), but certainly not remotely in the "spontaneously combusting" league that people seem to think happens, and certainly on a cost per mile basis very good.

So long as it's the right price and condition is good, there's nothing wrong with buying a high mileage Ferrari. And I don't buy the "fewer buyers at that mileage" stuff. There are far more people out there with say a max £40k budget for a Ferrari than a max £55k budget. Buy cheap, sell cheap.