355 price correction

355 price correction

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Discussion

Jex

748 posts

108 months

Tuesday 22nd October 2019
quotequote all
Durzel said:
And I bet you're up on smiles per mile. smile
I am indeed - I also provide smiles for other by giving charity rides.

Durzel

11,346 posts

148 months

Tuesday 22nd October 2019
quotequote all
Jex said:
Durzel said:
And I bet you're up on smiles per mile. smile
I am indeed - I also provide smiles for other by giving charity rides.
Nice. I used to like giving people (mostly kids) the opportunity to sit in my 458. I remember having a Testerossa photo on my wall as a kid and was allowed to sit in one in a Ferrari dealer when it was obvious that's all we were there for, so I'm obliged to pay it forward smile

red_slr

14,510 posts

169 months

Tuesday 22nd October 2019
quotequote all
Here is the RHD data, I screwed some of it up along the way but it gives you a rough idea.
This is average asking price.


67Dino

3,161 posts

85 months

Tuesday 22nd October 2019
quotequote all
red_slr said:
Here is the RHD data, I screwed some of it up along the way but it gives you a rough idea.
This is average asking price.

Thanks, that looks like a pretty clear clear trend to me.

Drl22

625 posts

45 months

Tuesday 22nd October 2019
quotequote all
67Dino said:
Thanks, that looks like a pretty clear clear trend to me.
The problem with trends though is at some point they change.

67Dino

3,161 posts

85 months

Tuesday 22nd October 2019
quotequote all
Drl22 said:
67Dino said:
Thanks, that looks like a pretty clear clear trend to me.
The problem with trends though is at some point they change.
I’m sure you’re right. Give it 10-15 years and I’d be surprised if 355s weren’t heading North again (unless legislation makes them undesirable to own and/or use).

Jex

748 posts

108 months

Tuesday 22nd October 2019
quotequote all
67Dino said:
Drl22 said:
67Dino said:
Thanks, that looks like a pretty clear clear trend to me.
The problem with trends though is at some point they change.
I’m sure you’re right. Give it 10-15 years and I’d be surprised if 355s weren’t heading North again (unless legislation makes them undesirable to own and/or use).
I hope so - I bought mine in 2016!

murphyaj

393 posts

55 months

Tuesday 22nd October 2019
quotequote all
red_slr said:
Here is the RHD data, I screwed some of it up along the way but it gives you a rough idea.
This is average asking price.

I hate to be *that guy* but when you say average, is this the mean or median?
Mean can be very significantly thrown out by a small number of chances advertising their car at a sky high value to see if they get lucky with a buyer.

red_slr

14,510 posts

169 months

Tuesday 22nd October 2019
quotequote all
You are not *that guy* as its been asked before if you look back over the thread.

Its mean. If I CBA I will run it with median and post the difference. The median will be about 3-4% less I suspect - however the overall trend will remain the same.

Welshbeef

49,633 posts

178 months

Wednesday 23rd October 2019
quotequote all
67Dino said:
Drl22 said:
67Dino said:
Thanks, that looks like a pretty clear clear trend to me.
The problem with trends though is at some point they change.
I’m sure you’re right. Give it 10-15 years and I’d be surprised if 355s weren’t heading North again (unless legislation makes them undesirable to own and/or use).
By 2035 the newest would be what 35-40years old. It’s no different to looking back to say 1979 era Ferraris

Ferruccio

1,778 posts

99 months

Wednesday 23rd October 2019
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Welshbeef said:
By 2035 the newest would be what 35-40years old. It’s no different to looking back to say 1979 era Ferraris
Modern cars are much more complicated. Much more to go wrong. Much higher cost to keep them going, especially once they get that old.

Welshbeef

49,633 posts

178 months

Wednesday 23rd October 2019
quotequote all
Ferruccio said:
Welshbeef said:
By 2035 the newest would be what 35-40years old. It’s no different to looking back to say 1979 era Ferraris
Modern cars are much more complicated. Much more to go wrong. Much higher cost to keep them going, especially once they get that old.
Old car or in this case really old cars you’d run out of Ferrari stock at some point. As such you then have to wait for enough demand to Male Ferrari produce a batch run. Didn’t Dinos have this issue a while ago with gear boxes 2nd gear(?) so those cars were essentially forced off the road until parts could be made.

DjSki

1,288 posts

175 months

Saturday 2nd November 2019
quotequote all
Drclarke said:
Also, what are all these price watchers going to do if the prices rise, which is just as likely as price drops.

The rest of us can guess you will all then bleat on about how will wait for them to drop again or how you wish you had bought one in the minor blip of 2019
There are those that "bleat" about prices and those that bleat about those bleating at prices.

Ferruccio

1,778 posts

99 months

Saturday 2nd November 2019
quotequote all
Welshbeef said:
Ferruccio said:
Welshbeef said:
By 2035 the newest would be what 35-40years old. It’s no different to looking back to say 1979 era Ferraris
Modern cars are much more complicated. Much more to go wrong. Much higher cost to keep them going, especially once they get that old.
Old car or in this case really old cars you’d run out of Ferrari stock at some point. As such you then have to wait for enough demand to Male Ferrari produce a batch run. Didn’t Dinos have this issue a while ago with gear boxes 2nd gear(?) so those cars were essentially forced off the road until parts could be made.
You can always get bits made. Might not be cheap, but gets you back on the road.
Sometimes cheaper than factory part though.

Nijius Maximus

586 posts

91 months

Saturday 2nd November 2019
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Does anyone here actually DRIVE their 355 or is it just me?? Screw the prices, enjoy your bloody cars. Same attitude I have to my 720S. I didn't buy them to care about depreciation I bought them to drive and have fun with... wink



It's November and I'm still driving it including meeting some friends tomorrow for a drive. RHD, manual and a Capristo exhaust. What more could one want to blow away the winter blues.... biglaugh

Here's an album of more photos and videos of it sounding epic. I encourage the rest of you to share yours as well...!

https://photos.app.goo.gl/LdAjSctC4X9Yk7K86




4everblue

272 posts

155 months

Sunday 3rd November 2019
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Great pictures and videos, and respect to you for using your car. I've currently put 40k km's on my Evo 2 Delta and as much as I worry about resale value, I've enjouyed every singe one of them and may not even be here when it comes to be sold so I use it while I can. Who knows what is lurking around the corner..

Jex

748 posts

108 months

Sunday 3rd November 2019
quotequote all
Nijius Maximus said:
Does anyone here actually DRIVE their 355 or is it just me??
Well I drive mine regularly, also a manual with a Capristo, but crema interior. Unfortunately a cat has failed and one of the headlights is stuck up at the moment, so it's off the road for now. Here it is at Donington. A spectator told me it was the best sounding car there that day. Given that it was a Ferrari owners' club day including some GT2 cars, I was happy with that, although the 360 CS sounded very good too.


Jex

748 posts

108 months

Sunday 3rd November 2019
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Nijius Maximus said:
Here's an album of more photos and videos of it sounding epic. I encourage the rest of you to share yours as well...
Ah yes, the Hatfield tunnel!

Kay265

2 posts

Tuesday 2nd August
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Jex said:
Ah yes, the Hatfield tunnel!
hi, I have a extreme 355 unfinished project. Left to me because of bereavement. I have come on this forum for advise. It starts but can't get it in reverse.. Tough on the selector. Need to set it to sell it on to someone who wants to spend time on it.. Many thanks.

bordseye

1,795 posts

172 months

Tuesday 2nd August
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67Dino said:
I’m sure you’re right. Give it 10-15 years and I’d be surprised if 355s weren’t heading North again (unless legislation makes them undesirable to own and/or use).
Thats quite possible but many posters on here are over optimistic because they havent been through the serious downwards slides in "collectables" in the past. I have a couple of pals in the FOC who have owned their 328s since the cars first came out and they have seen them twice slide down to 20/30k for good examples and then back up to 80k only now to be heading south again. None of the standard cars from 308 through to 488 are in the same rarity category as the likes of the Daytona so you cant expect them to ever get anywhere near the price of real collector cars or have the same price stability. They are bought by people who are subject to the state of the economy and that is currently going t***t up. As the owners hurt so will the car prices.

And dont forget that much of the value is down to the name. Is a Ferrari worth more in engineering terms than a Porker or an Aston? No it isnt, not really. So just like Rolex watches they will go down in price in a down cycle like now.