Does replacement engine affect 360 value much?

Does replacement engine affect 360 value much?

Author
Discussion

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
Went to look at a 360 F1 today.

Never had one before but I've always really liked them.

This one has got higher miles on it (78k) and a couple years ago it had an engine fitted from a crashed 11k miles car (with all paperwork etc to support the engine purchase and fitment).

It's had other stuff such as later spec TCU and recently servicing, brakes, belts etc.

The car itself is cosmetically a little tatty inside and out, mostly due to the miles, has a few broken things inside, and will need a tidy up. This doesn't bother me as I am happy to do the work.

But I just worry about it being 'non matching numbers' in future.

But maybe this isn't an issue at all?

I've mostly had classic Porsches and people get really upset over non matching numbers on those...


Any thoughts?

Ilovejapcrap

3,274 posts

111 months

Sunday 4th March 2018
quotequote all
I’d guess it would bother the Ferrari crowd, personally I’d not care.

Why did it have a new one ?

NDA

21,488 posts

224 months

Sunday 4th March 2018
quotequote all
Does it's price reflect the somewhat dodgy history? Is there a warranty?

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
It's a private sale so no warranty.

The history is patchy because was used as a 'driving experience' car at Silverstone for years.

It has stamps in the book for he first 3 years of its life from Ferrari, and then had over 12 years of 'serviced every 6 months in-house' by the mechanics at the Driving Experience place.

It was then sold to a guy who has owned it privately for 3 years and fitted the replacement engine not long after he bought it as he said he just didn't trust the motor that was in it. Said it sounded a bit rough and was smokey.

He had then had the book stamped each year by independents for servicing.

ferdi p

1,519 posts

171 months

Sunday 4th March 2018
quotequote all
Unless it's 25/30% cheaper than other 360's I wouldn't bother personally...

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
ferdi p said:
Unless it's 25/30% cheaper than other 360's I wouldn't bother personally...
It's £40k

Rosso Red and RHD.

RamboLambo

4,843 posts

169 months

Sunday 4th March 2018
quotequote all
Run for the hills. Care regularly service in house and still needed engine replacing ? hmmmm.
I wonder what else will fall off it shortly

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
RamboLambo said:
Run for the hills. Care regularly service in house and still needed engine replacing ? hmmmm.
I wonder what else will fall off it shortly
I'm not too worried about the engine or mechanicals.

It appears to have been serviced and looked after properly since the change of ownership and the engine being replaced.

It's had clutch, servicing, all brakes, few other bits and pieces in the last 3 years, and done only a couple of thousand miles in that time.

I'm just wondering if it's worth it at £20k less than every other RHD car I can find.

The fact it needs paint and tidying inside isn't too much of an issue as I can do it at my work.

ferdi p

1,519 posts

171 months

Sunday 4th March 2018
quotequote all
Lord Marylebone said:
It's £40k

Rosso Red and RHD.
Sounds a fair deal, consider also that you can work on it yourself then I'd say go for It!

Yipper

5,964 posts

89 months

Sunday 4th March 2018
quotequote all
Get a full, independent PPI on it and see what they say.

Everything can be fixed with money. Just leave some wiggle room for repairs or maintenance.

jakesmith

9,461 posts

170 months

Sunday 4th March 2018
quotequote all
If you can do the work then I’d buy it

Buy cheap sell cheap

With those miles on it’ll be completely outside of the desires of 95% of the market who would rather buy one with 60,000 on but only 15,000 showing on the clock

I personally think the fetishism about miles and values has a completely detrimental effect on the enjoyment that everyone gets out of cars with anything rare or special rarely being seen on the streets any more

This sounds like the perfect way to buy a car that you can enjoy using

Go for it!

hyphen

26,262 posts

89 months

Sunday 4th March 2018
quotequote all
Have you researched the place that fitted the engine? Are we talking back street garage, not well known generic garage or a highly respected leading indie?

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
hyphen said:
Have you researched the place that fitted the engine? Are we talking back street garage, not well known generic garage or a highly respected leading indie?
It was JMH Automotive.

A look on their website suggests they only do Ferrari, Maserati and Porsche, and run various Ferrari race teams and provide the servicing for Ferrari GT race cars.

So it would seem it was done somewhere decent.

cgt2

7,093 posts

187 months

Sunday 4th March 2018
quotequote all
I wouldn't buy one of the experience cars at Silverstone. If you speak to some of the instructors there they'll tell you about the history of those cars. I wouldn't even feel safe driving one of those, they had a VERY hard life, many repairs, crashes etc etc. Just speak to the guys at the circuit.

Another £15k will buy you a tidy car with a few miles on that will stand you much better in the long run.

Edited by cgt2 on Sunday 4th March 20:15

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
My business is car bodywork and I've had a really good look round the car, and it's straight as an arrow. All the panels look original.

I can see where it's had paint in the past on one of the doors, but that's about it.

I would paint the complete car anyway just to get rid of the stonechips that are present on nearly all panels, and to make it mint.

It will have had a hard life. It's done 60k miles purely on a racetrack...

But the fact that the engine and transmission has been replaced since then is probably a good thing, and it's had 3 years of being looked after since then and numerous other bits replaced.

It drives really well and sounds epic as it has some sort of race exhaust on it. Comes with standard exhaust as well.

I'm just not sure...

The price is so tempting.

I know it'll never be an £80k car due to the mileage etc, but it might be cheap enough for me to just drive and enjoy without being too precious about it.

355fiorano

429 posts

241 months

Sunday 4th March 2018
quotequote all
I agree those cars had a hard life and many stories of crashes etc
Bottom line it seems to be one of the cheapest options of getting a 360 for you. What you probably need to be aware of is that this will likely be a very illiquid asset so if you are willing to write off most of the price plus fixing costs then you can have the 360 experience.
Personally I'd look for a very high mileage, maybe left hand drive with a good history if possible for a similar price as I think it may be easier to shift when you need to and most likely may be a better car.

anonymous-user

Original Poster:

53 months

Sunday 4th March 2018
quotequote all
355fiorano said:
I agree those cars had a hard life and many stories of crashes etc
Bottom line it seems to be one of the cheapest options of getting a 360 for you. What you probably need to be aware of is that this will likely be a very illiquid asset so if you are willing to write off most of the price plus fixing costs then you can have the 360 experience.
Personally I'd look for a very high mileage, maybe left hand drive with a good history if possible for a similar price as I think it may be easier to shift when you need to and most likely may be a better car.
I think all that is fair comment really.

I've got numerous other cars such as Porsche 993's and other classics so I'm not adverse to putting money into things, but equally I only generally do it when I know I'm going to get a return or at least break even when I'm finished.

Generally I manage to do it with most things I've owned, as pretty much everything has risen in value.

I reckon by the time I put this 360 'right' it'll owe me £45k.

And surely at that it's still got to be worth £50k+ to someone.

I can't find another RHD example anywhere for less than £59k

ferdi p

1,519 posts

171 months

Sunday 4th March 2018
quotequote all
355fiorano said:
I agree those cars had a hard life and many stories of crashes etc
Bottom line it seems to be one of the cheapest options of getting a 360 for you. What you probably need to be aware of is that this will likely be a very illiquid asset so if you are willing to write off most of the price plus fixing costs then you can have the 360 experience.
Personally I'd look for a very high mileage, maybe left hand drive with a good history if possible for a similar price as I think it may be easier to shift when you need to and most likely may be a better car.
Not sure I agree...

If he buys it for 40k & tarts it up a bit (so to speak) I'd be schocked if that car were to drop below 40k for a v long time.

If it looks straight & drives well & you've always fancied a Ferrari then go for it!

Turn7

23,502 posts

220 months

Sunday 4th March 2018
quotequote all
[quote=Lord Marylebone

.....but it might be cheap enough for me to just drive and enjoy without being too precious about it.
[/quote]

Fill yer boots I say....

So many good cars get treated as garage queens that you darent allow out of your sight.......

Use it and abuse it, its only a car ffs.....

Welshbeef

49,633 posts

197 months

Sunday 4th March 2018
quotequote all
Can you afford the additional c£20k to get one which doesn’t have the issues you’ve raised? If not and you want one then why not low ball £35k bid and at that level it’s cheap as chips.


An issue is you’ve no idea of how the engine was treated in the previous car/it’s not a brand new engine it’s a reconditioned.

It will never be an investment car BUT if this crazy constant price increases keep happening your car would have to step up.

360 is a lovely car a poster car do it you only live once.