355 price correction
Discussion
andyleeds said:
I agree with the miles are everything but do we think that will end being miles per annum or total miles and what would those numbers be?
Seems to be miles total for Ferraris generally*, as the price kicker/downer range doesn’t seem to have changed in 15 years, despite the cars getting older:- ultra low mileage big premium <10k
- low mileage strong price 10-25k
- medium mileage ‘normal’ 25-50k
- high mileage discount price 50-75k
- ultra high mileage low price 75k+
Note: * Can’t comment on pre-1980 models though, as don’t follow those so closely.
The older stuff tends to be lower mileage IME. If you look at 308s there are plenty sub 30k cars.
Given they are 30+ years old I suspect that's got a lot to do with reliability and practicality etc.
Meanwhile if you look at 458s which are 7 years old ish you will find plenty with similar 30k miles.
I guess they are a lot easier to drive more reliable and more of a daily driver on modern roads.
Given they are 30+ years old I suspect that's got a lot to do with reliability and practicality etc.
Meanwhile if you look at 458s which are 7 years old ish you will find plenty with similar 30k miles.
I guess they are a lot easier to drive more reliable and more of a daily driver on modern roads.
red_slr said:
The older stuff tends to be lower mileage IME. If you look at 308s there are plenty sub 30k cars.
Given they are 30+ years old I suspect that's got a lot to do with reliability and practicality etc.
Meanwhile if you look at 458s which are 7 years old ish you will find plenty with similar 30k miles.
I guess they are a lot easier to drive more reliable and more of a daily driver on modern roads.
The other variable is the age of people who own the car and kids. Given they are 30+ years old I suspect that's got a lot to do with reliability and practicality etc.
Meanwhile if you look at 458s which are 7 years old ish you will find plenty with similar 30k miles.
I guess they are a lot easier to drive more reliable and more of a daily driver on modern roads.
I used to drive my cars regularly and go on trips in them eg skiing or to the factory.
Then, 18 years ago, had my first kid..........which kinda changes everything.........
onlogbook.com said:
So what are thoughts on the most desirable 355 spec? I know it’s kinda subjective as far as individual preferences go but in the whole, which 355 spec will be the most saught after in 10 yrs?
1998/9 355 GTB Manual. Rosso Corsa over crema or nero. Carbon bucket seats. Less than 20k miles with impeccable full Main Dealer history having never missed any part of it's service scheduleAsk 3 PHers, get 4 opinions....
I tend to think there’ll be a premium for some of the rarer, more discrete colours. I had one of the few in NART blue and it commanded a premium over standard Rosso. And going out on a limb, I also reckon that even though the GTB is rarer and prettier, it’s the GTS that will be more in demand, as it’s ‘open top’ without being the less desirable shape of the Spyder.
No idea if I’m more or less right than anyone else though. Have to check in 10 years...
I tend to think there’ll be a premium for some of the rarer, more discrete colours. I had one of the few in NART blue and it commanded a premium over standard Rosso. And going out on a limb, I also reckon that even though the GTB is rarer and prettier, it’s the GTS that will be more in demand, as it’s ‘open top’ without being the less desirable shape of the Spyder.
No idea if I’m more or less right than anyone else though. Have to check in 10 years...
One of the greatest things about the 355 is it's versatility and broad range appeal. A car that performs as great as its looks! A car that gives people choice to preference in its availablility as a Coupe, Targa or full on Convertible.....Each version a clean sheet design and each version complimenting that intoxicating Engine!!!
One version as pretty as the other!! All as exquisite as the other and in my opinion all as appealing and as valuable as the next. The 355 is a success story that no one can deny. It had so many firsts and so many lasts about it and for me anyway the Spider has the visual drama that I was searching for in a car.
Every-time you look at one you see elements and nods to past cars in the details and yet it still has a modernity to it. I can't think of many cars that have the complete package in looks, performance and yet still being a car that is relevant today 20 plus years later (sorry thats just my opinion).
Who cares wether a GTB supposedly has a stiffer chassis than its sibling GTS/Spiders, they are no less of a car, who cares that GTB's/GTS's develop cracks in their paint on the buttress, who cares that a Spider's roof leaks when it rains (God even The owners handbook tells you that) these are things that are so minute and irrelevant in the grand scheme of things. These are stunning cars which we will no longer see the likes of!!!!
Now Imagine yourselves in the future when we are dribbling into our cornflakes and senile (some of us nearly there), wishing why the hell we pi*sed our cars away because we believed the "fake news" about them being worthless!!! P.S Love you all and Happy new Year!!!
One version as pretty as the other!! All as exquisite as the other and in my opinion all as appealing and as valuable as the next. The 355 is a success story that no one can deny. It had so many firsts and so many lasts about it and for me anyway the Spider has the visual drama that I was searching for in a car.
Every-time you look at one you see elements and nods to past cars in the details and yet it still has a modernity to it. I can't think of many cars that have the complete package in looks, performance and yet still being a car that is relevant today 20 plus years later (sorry thats just my opinion).
Who cares wether a GTB supposedly has a stiffer chassis than its sibling GTS/Spiders, they are no less of a car, who cares that GTB's/GTS's develop cracks in their paint on the buttress, who cares that a Spider's roof leaks when it rains (God even The owners handbook tells you that) these are things that are so minute and irrelevant in the grand scheme of things. These are stunning cars which we will no longer see the likes of!!!!
Now Imagine yourselves in the future when we are dribbling into our cornflakes and senile (some of us nearly there), wishing why the hell we pi*sed our cars away because we believed the "fake news" about them being worthless!!! P.S Love you all and Happy new Year!!!
rubystone said:
Did you sell the 456 Andy?
hey mate, no have got it back in yorks and am going to put it up on the ferarri owners club site i reckon....... although in march i will have enough room to stick it alongside the 355 in the garage.....interesting read on the 355's i think that the low mileage cars these day are up to 30K rather than 25k as they are getting so old....
MaserCoupe said:
Now Imagine yourselves in the future when we are dribbling into our cornflakes and senile (some of us nearly there), wishing why the hell we pi*sed our cars away because we believed the "fake news" about them being worthless!!! P.S Love you all and Happy new Year!!!
So very true, everyone seems to have lost sight of the fact that to be able whether rich or poor it’s a huge privilege to own such a car, and the constant discussion of values is quite sad!This-isnt-real said:
MaserCoupe said:
Now Imagine yourselves in the future when we are dribbling into our cornflakes and senile (some of us nearly there), wishing why the hell we pi*sed our cars away because we believed the "fake news" about them being worthless!!! P.S Love you all and Happy new Year!!!
So very true, everyone seems to have lost sight of the fact that to be able whether rich or poor it’s a huge privilege to own such a car, and the constant discussion of values is quite sad!that and the fact having a 20 year old car with only 30k miles is silly! You store it for its next owner... and the reliability issues it can develop because it is not enough driven, nobody mentions.
67Dino said:
Seems to be miles total for Ferraris generally*, as the price kicker/downer range doesn’t seem to have changed in 15 years, despite the cars getting older:
- ultra low mileage big premium <10k
- low mileage strong price 10-25k
- medium mileage ‘normal’ 25-50k
- high mileage discount price 50-75k
- ultra high mileage low price 75k+
Note: * Can’t comment on pre-1980 models though, as don’t follow those so closely.
I suspect the above is reasonably accurate. - ultra low mileage big premium <10k
- low mileage strong price 10-25k
- medium mileage ‘normal’ 25-50k
- high mileage discount price 50-75k
- ultra high mileage low price 75k+
Note: * Can’t comment on pre-1980 models though, as don’t follow those so closely.
Personally, I’d rather have an “ultra high mileage” car that has done what, 4K a year (ULTRA HIGH!) and been well maintained than buy a car that is claimed to be low miles, run the risk of having some big recommissioning bills and run the risk of finding out the miles you’ve paid a premium for are in fact not accurate.
I appreciate I’m not the norm but give me a much used but well loved one with loads of memories attached to it over one that’s been sat aging in a dusty garage somewhere.
Had mine for over 12 years.
Over 52 k miles and one of two spiders on this colour in the UK. One other GTB in scotland.
I drive mine to lemans and italy once a year, i would keep mine ovet a 4k mile example anyday because i use it, also i know it inside and out in every way.
Over the last two years i have seen so called high milage cars selling for over 60 grand. 5 years ago that was a price for a low milage gararge queen.
The 355s will do ok guys, however never have i ever heard of any other collection of owners talk prices down as the 355 owners. FC is bad for it especially.
![](https://thumbsnap.com/sc/btaFKkdn.jpg[/img]</a> <a href="https://thumbsnap.com/3WQTccJg" Target="_blank" rel="nofollow">[img]https://thumbsnap.com/sc/3WQTccJg.jpg)
Over 52 k miles and one of two spiders on this colour in the UK. One other GTB in scotland.
I drive mine to lemans and italy once a year, i would keep mine ovet a 4k mile example anyday because i use it, also i know it inside and out in every way.
Over the last two years i have seen so called high milage cars selling for over 60 grand. 5 years ago that was a price for a low milage gararge queen.
The 355s will do ok guys, however never have i ever heard of any other collection of owners talk prices down as the 355 owners. FC is bad for it especially.
Edited by FezSpider on Tuesday 2nd January 12:50
Pork said:
Personally, I’d rather have an “ultra high mileage” car that has done what, 4K a year (ULTRA HIGH!) and been well maintained than buy a car that is claimed to be low miles, run the risk of having some big recommissioning bills and run the risk of finding out the miles you’ve paid a premium for are in fact not accurate.
I appreciate I’m not the norm but give me a much used but well loved one with loads of memories attached to it over one that’s been sat aging in a dusty garage somewhere.
+1I appreciate I’m not the norm but give me a much used but well loved one with loads of memories attached to it over one that’s been sat aging in a dusty garage somewhere.
I bought my (then) 14 year old 355 in early 2013 with nearly 37000 miles on. Plenty of history with it too.
Now 5 years later I've put another 18000 on, so now it's nearly 20 years old and has done 55000 miles or so. With even more history.
It's just been through a major service and MOT, passed no problem (with a couple of advisories that I'll sort in the summer - brake discs and suspension bushes are due for changing) and the car runs great.
I guess when I sell it, whenever that is, I'll be able to bore the buyer to death with great tales of the times I drove it across the Alps to the Italian GP, from Pisa to Maranello along the SS12 (great road by the way) and round the Nurburgring on the way home.
I might even throw in a memory stick with plenty of photos and videos.....
Putting miles on your Ferrari may well (WILL) cost you more in monetary terms, due to mileage based depreciation and higher maintenance bills, but memories are priceless......
F1Sean said:
I guess when I sell it, whenever that is, I'll be able to bore the buyer to death with great tales of the times I drove it across the Alps to the Italian GP, from Pisa to Maranello along the SS12 (great road by the way) and round the Nurburgring on the way home.
I might even throw in a memory stick with plenty of photos and videos.....
Putting miles on your Ferrari may well (WILL) cost you more in monetary terms, due to mileage based depreciation and higher maintenance bills, but memories are priceless......
The future buyer of your car will be yawning, he cant wait to give you the 15k your asking for your high milage 355. Only to re sell it in a few years still with high miles for 100k I might even throw in a memory stick with plenty of photos and videos.....
Putting miles on your Ferrari may well (WILL) cost you more in monetary terms, due to mileage based depreciation and higher maintenance bills, but memories are priceless......
Come a time, high milage may not play to much of a part in the depreciation as one might thinks. I will say it again, there have been high milage cars (used to be over 30,000 miles) that have sold recently for way over 60k, 60k was the top price of a low milage pristine car 3-5 years ago. 3 years ago a buyer who bought a high milage 355 for 30k is today guaranteed to have at least doubled his money. Thats not bad at all especialy as they have increased the milage during ownership.
I cant find many for under 60 today, the average seems to be 80ish k.
Edited by FezSpider on Tuesday 2nd January 19:08
FezSpider said:
Had mine for over 12 years.
Over 52 k miles and one of two spiders on this colour in the UK. One other GTB in scotland.
I drive mine to lemans and italy once a year, i would keep mine ovet a 4k mile example anyday because i use it, also i know it inside and out in every way.
Over the last two years i have seen so called high milage cars selling for over 60 grand. 5 years ago that was a price for a low milage gararge queen.
The 355s will do ok guys, however never have i ever heard of any other collection of owners talk prices down as the 355 owners. FC is bad for it especially.
Think the other Barchetta car maybe in the South now Chaz Over 52 k miles and one of two spiders on this colour in the UK. One other GTB in scotland.
I drive mine to lemans and italy once a year, i would keep mine ovet a 4k mile example anyday because i use it, also i know it inside and out in every way.
Over the last two years i have seen so called high milage cars selling for over 60 grand. 5 years ago that was a price for a low milage gararge queen.
The 355s will do ok guys, however never have i ever heard of any other collection of owners talk prices down as the 355 owners. FC is bad for it especially.
Edited by FezSpider on Tuesday 2nd January 12:50
My buddy sold his starship mileage one recently for £40k which in this current market was a steal, probably the most practical 355 in the country, as he could just use and enjoy it without fear of affecting its value. Even accounting for maintenance etc in the 4 years he had it, the car even made him a nice little profit.
I drove it a few times, it was a little loose around the edges, but pulled the same crowds in Dick Lovetts carpark when in for its belts change as one worth probably triple the sale price.
Went to a well known independent who also plans to drive the wheels off it as his own transport.
I drove it a few times, it was a little loose around the edges, but pulled the same crowds in Dick Lovetts carpark when in for its belts change as one worth probably triple the sale price.
Went to a well known independent who also plans to drive the wheels off it as his own transport.
Edited by PAUL500 on Friday 5th January 16:30
Thought I'd provide a data point for you - albeit one based on a px in the European LHD market.
In December, I px'd my 1998 GTB F1 with 88k km (55k miles) on it.
My local indy suggested that I could get €60k for it in winter or perhaps €70-75k come the summer. My insurance valuation report from two years ago valued the car at €90k. Cosmetic condition was good but not perfect. However, mechanically speaking (manifolds, valve guides and F1 actuator) all the expensive work was done.
I was offered €55k for it; which I accepted as it wasn't far from the private sale price and the car I wanted to buy was keenly priced too. I had negotiated the purchase price on the expectation that I was paying all cash so the decision to sell the 355 came late in the negotiation and didn't affect the sharp price on the car I've bought. The 355 is now up with the dealer for €80k.
In December, I px'd my 1998 GTB F1 with 88k km (55k miles) on it.
My local indy suggested that I could get €60k for it in winter or perhaps €70-75k come the summer. My insurance valuation report from two years ago valued the car at €90k. Cosmetic condition was good but not perfect. However, mechanically speaking (manifolds, valve guides and F1 actuator) all the expensive work was done.
I was offered €55k for it; which I accepted as it wasn't far from the private sale price and the car I wanted to buy was keenly priced too. I had negotiated the purchase price on the expectation that I was paying all cash so the decision to sell the 355 came late in the negotiation and didn't affect the sharp price on the car I've bought. The 355 is now up with the dealer for €80k.
Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff