Buying a 360 / F430
Discussion
Spleen said:
m4tti said:
You’d have to be mental to try and finance a car like these.
Why?B)Due to there being no way to warrant the risk, you may well be facing a repair bill of anything from 2k to 20k, whilst servicing a debt. Or if you can’t afford the repair you will need to sell at considerable loss
C)Due to the nature of the car they typically take significant time to sell. If you need to liquidate quickly you’re unlikely to achieve market value.
And the above doesn’t take into consideration the current economic situation.
I financed these sort of cars years ago & im still here to tell the tale. I've owned many dream cars because of finance & now I'm lucky enough to not need it. I'm a car nut & I literally worked my arse off to own the cars I wanted. Had some amazing euro drives with mates & will never regret it. Of course the correct advice is to save up & never finance a depreciating asset but you only live once & sometimes you just need to do what makes you happy.
Enjoy in good health...
Enjoy in good health...
m4tti said:
Spleen said:
m4tti said:
You’d have to be mental to try and finance a car like these.
Why?B)Due to there being no way to warrant the risk, you may well be facing a repair bill of anything from 2k to 20k, whilst servicing a debt. Or if you can’t afford the repair you will need to sell at considerable loss
C)Due to the nature of the car they typically take significant time to sell. If you need to liquidate quickly you’re unlikely to achieve market value.
And the above doesn’t take into consideration the current economic situation.
ferdi p said:
I financed these sort of cars years ago & im still here to tell the tale. I've owned many dream cars because of finance & now I'm lucky enough to not need it. I'm a car nut & I literally worked my arse off to own the cars I wanted. Had some amazing euro drives with mates & will never regret it. Of course the correct advice is to save up & never finance a depreciating asset but you only live once & sometimes you just need to do what makes you happy.
Enjoy in good health...
YupEnjoy in good health...
Mine is on finance. Cheaper overall for me than using cash.
This years service and repair bill will be £5k which is less than 6 months depreciation on a new Audi A6. I know which I would rather be driving
Spleen said:
And yet people still do it, enjoy the drive of their life and are able to offload the car with little or no financial loss. Weird, huh?
Not weird really 
It’s very different to financing new or approved used with gmfv.
It’ll depend what level of risk and debt you like to manage. The rest is purely based on luck, wether you get out without significant financial loss. Some you win, some you lose.
I don’t do it, as I don’t like relying on luck, however lots of people do.
To me it’s a luxury item, I’ve written off that money. That way what ever happens, materially I’ll come out the other side unaffected.
Edited by m4tti on Saturday 19th November 07:51
On servicing just collected my 360 from AV engineering
Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
blueg33 said:
On servicing just collected my 360 from AV engineering
Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
That's a good insight into running costs. Out of interest do you feel the CS TCU upgrade has made a big difference?Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
On the values of the Ferrari 360 I can see prices seem to be falling a lot of late with some now advertised down at £45-50k and also just seen one sell for £39k on Collecting Cars....
https://collectingcars.com/for-sale/2000-ferrari-3...
They are starting to feel like a tempting proposition at this sort of price point.
BlackR8 said:
That's a good insight into running costs. Out of interest do you feel the CS TCU upgrade has made a big difference?
On the values of the Ferrari 360 I can see prices seem to be falling a lot of late with some now advertised down at £45-50k and also just seen one sell for £39k on Collecting Cars....
https://collectingcars.com/for-sale/2000-ferrari-3...
They are starting to feel like a tempting proposition at this sort of price point.
I did notice the F360 on CC ,thought it went at a sensible price but a little on the low side ,On the values of the Ferrari 360 I can see prices seem to be falling a lot of late with some now advertised down at £45-50k and also just seen one sell for £39k on Collecting Cars....
https://collectingcars.com/for-sale/2000-ferrari-3...
They are starting to feel like a tempting proposition at this sort of price point.
Mileage neither high or low in a decent colour,last week also on CC a red F430 went unsold at £68K with only
18K on clock but the drivers seat looked well worn for that mileage but it was creama and little was spoke about the service history
although it had just been serviced at Italia Autosport, Maybe a pre-Christmas blip and things will recover in the Spring,
they usually do,meanwhile specialists seem to be hyping up the market especially on 360's,430's still seem to be dead in the
market ,maybe the 360 will be the new 355, who knows
Edited by rat rod on Thursday 1st December 00:48
That 360 on CC used to me owned by me.
I sold it about 15 months ago for around £52 so it’s taken a hit price wise.
Great car; has the CS ECU which wasn’t advertised and a new clutch not long ago.
I still have the massive folder with all the receipts from day1 so if anyone knows the owner pass them my way.
I told CC I had the folder but as of yet to contact from any buyer.
I sold it about 15 months ago for around £52 so it’s taken a hit price wise.
Great car; has the CS ECU which wasn’t advertised and a new clutch not long ago.
I still have the massive folder with all the receipts from day1 so if anyone knows the owner pass them my way.
I told CC I had the folder but as of yet to contact from any buyer.
BlackR8 said:
blueg33 said:
On servicing just collected my 360 from AV engineering
Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
That's a good insight into running costs. Out of interest do you feel the CS TCU upgrade has made a big difference?Car is on 46k miles. Last year was just a minor service, cost circa £550
This year on top of the service I asked him to look at things that needed sorting.
The list was:
Replace engine mounts
New front under tray
new bushes, track rod ends etc on front (steering play)
new rear bushes
reset geo
adjust passenger window
install and programme CS TCU
Fix faulty beam pattern on nearside headlight
Carry out service including replace brake fluid etc
Actually came out a bit less than I was expecting at £3700 inc VAT. So not too scary IMO
Bearing in mind that this is a 20 year old car that sometimes gets driven >150mph, so I like the bits that keep it attached to the ground in good nick
Total maintenance costs for me over 2 years are:
Service £550
Service and above list £3700
New headlining £250
Total £4500
In context, thats about 3 x maintenance costs on Lotus Evora, but the Lotus was newer so had fewer age related issues.
On the values of the Ferrari 360 I can see prices seem to be falling a lot of late with some now advertised down at £45-50k and also just seen one sell for £39k on Collecting Cars....
https://collectingcars.com/for-sale/2000-ferrari-3...
They are starting to feel like a tempting proposition at this sort of price point.
Gear change does feel crisper especially in sport mode.
Can’t recommend AV highly enough. Even sent an oil sample to the lab to assess wear etc. Came back with a very clean bill of health, none of the indicators or wear showing.
It's interesting but the 360 prices seem to be coming down to 2013/14 levels. If the recession hits prices like it did the last time around then I may well be tempted to buy back in. I missed out on an SLS (in '09) for 65k...!
back in '13, one could get a decent 360 F1 for nicely under £40k, I would be a buyer if that happens
back in '13, one could get a decent 360 F1 for nicely under £40k, I would be a buyer if that happens
Update on the CS F1 box now I have driven the car more.
In both modes gear change is much crisper and faster, the slight lift that made the standard f1 box smoother as you change up, is now a bad plan, best to keep a constant throttle. It’s harder to be smooth between 1st and 2nd than on the normal TCU. (See comment below on auto mode)
Auto mode is now a million times better and the mode to use around town, it almost feels like a torque converter box!
Slow speed manoeuvring, eg the shuffle into my garage is now much better and the fear of eating the clutch has gone as it slips less.
It’s been a bit wet and slippery to try the gear changes in anger at full revs, but the odd play shows a fast change up and down the box. I think regardless of mode the box double declutches.
Some reports say the CS TCU is not compatible with the standard engine ECU’s. I can confirm that those reports are certainly wrong in the case of my car. It works perfectly.
I thought the standard F1 box was ok once you got your head around the fact it’s not an auto and you have to think about the changes just like you do in a manual car. The CS TCU doesn’t change that, it just makes things crisper and changes way faster than a human with a manual stick ever will.
For those that worry about clutches in f1 cars. My clutch was replaced about 25k miles ago. It is under 30 percent worn.
In both modes gear change is much crisper and faster, the slight lift that made the standard f1 box smoother as you change up, is now a bad plan, best to keep a constant throttle. It’s harder to be smooth between 1st and 2nd than on the normal TCU. (See comment below on auto mode)
Auto mode is now a million times better and the mode to use around town, it almost feels like a torque converter box!
Slow speed manoeuvring, eg the shuffle into my garage is now much better and the fear of eating the clutch has gone as it slips less.
It’s been a bit wet and slippery to try the gear changes in anger at full revs, but the odd play shows a fast change up and down the box. I think regardless of mode the box double declutches.
Some reports say the CS TCU is not compatible with the standard engine ECU’s. I can confirm that those reports are certainly wrong in the case of my car. It works perfectly.
I thought the standard F1 box was ok once you got your head around the fact it’s not an auto and you have to think about the changes just like you do in a manual car. The CS TCU doesn’t change that, it just makes things crisper and changes way faster than a human with a manual stick ever will.
For those that worry about clutches in f1 cars. My clutch was replaced about 25k miles ago. It is under 30 percent worn.
Anyone know this car or have a view on it?
https://www.biddingclassics.com/2005-ferrari-360-s...
I can't get my head around the stamping of the service book, stamps next to each other with an 8yr gap and the caveat "Although the included service booklet only shows a total of 6 stamps, the current keeper informs us that the vehicle has been serviced at regular intervals by a local specialist."
How does a car visit PC Autos of Doncaster in 2013 and then again in 2021 both stamped alongside each other and not at any time inbetween? And indeed whether that company actually exists as Google maps shows shows up some interesting landscapes along that lane.
https://www.biddingclassics.com/2005-ferrari-360-s...
I can't get my head around the stamping of the service book, stamps next to each other with an 8yr gap and the caveat "Although the included service booklet only shows a total of 6 stamps, the current keeper informs us that the vehicle has been serviced at regular intervals by a local specialist."
How does a car visit PC Autos of Doncaster in 2013 and then again in 2021 both stamped alongside each other and not at any time inbetween? And indeed whether that company actually exists as Google maps shows shows up some interesting landscapes along that lane.
Are you buying the service book or the car ? There's at least one invoice in the gap for a cambelt change - as these cars get older the invoices tend to take more importance than the service book which is often lost - beyond that if it has really only done 2000 miles in the past decade then servicing requirements will be minimal
Edited by johnnyreggae on Wednesday 21st December 18:46
Armitage.Shanks said:
Anyone know this car or have a view on it?
https://www.biddingclassics.com/2005-ferrari-360-s...
I can't get my head around the stamping of the service book, stamps next to each other with an 8yr gap and the caveat "Although the included service booklet only shows a total of 6 stamps, the current keeper informs us that the vehicle has been serviced at regular intervals by a local specialist."
How does a car visit PC Autos of Doncaster in 2013 and then again in 2021 both stamped alongside each other and not at any time inbetween? And indeed whether that company actually exists as Google maps shows shows up some interesting landscapes along that lane.
My view is I just wouldn’t. https://www.biddingclassics.com/2005-ferrari-360-s...
I can't get my head around the stamping of the service book, stamps next to each other with an 8yr gap and the caveat "Although the included service booklet only shows a total of 6 stamps, the current keeper informs us that the vehicle has been serviced at regular intervals by a local specialist."
How does a car visit PC Autos of Doncaster in 2013 and then again in 2021 both stamped alongside each other and not at any time inbetween? And indeed whether that company actually exists as Google maps shows shows up some interesting landscapes along that lane.
Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff