360 to buy or not to buy
Discussion
F355 maybe but 360 no way at todays prices.
Far too many of them built and current prices are insanely high.
As someone else has said, buy it use it and prepare to lose half of what you paid but don't buy as an investment.
If you have to have one parked buy when the bubble has burst not at its peak
Far too many of them built and current prices are insanely high.
As someone else has said, buy it use it and prepare to lose half of what you paid but don't buy as an investment.
If you have to have one parked buy when the bubble has burst not at its peak
RamboLambo said:
F355 maybe but 360 no way at todays prices.
Far too many of them built and current prices are insanely high.
As someone else has said, buy it use it and prepare to lose half of what you paid but don't buy as an investment.
If you have to have one parked buy when the bubble has burst not at its peak
Had a perfect 355 few years back and sold it ! Far too many of them built and current prices are insanely high.
As someone else has said, buy it use it and prepare to lose half of what you paid but don't buy as an investment.
If you have to have one parked buy when the bubble has burst not at its peak
I'll find a cheaper few alternatives to look at
Cheers
Hi FocusRS.
I think the 360 shape is ageing really nicely, I think the smooth flow is nicer then the sharper edged shapes of 430 & 458.
After having a 360 for five and a bit years I sold mine August this year, as after buying a Boxster Spyder I just didn't use it that much and from a financial point of view thought it was a good time to sell especially as I had decided I wasn't going to keep it forever.
If you search aldosvoice.com you will find lots of sound advice and he tracks prices and they seem to have fallen since summer, I think everything looks a bit mad at the moment and I am hoping that depreciation will bring me a McLaren 540 in a few years :-).
Good luck in your choices, but my advice at the moment would be just buy what you fancy you want to drive and if it's a safe haven for your money treat that as a bonus.
Ed
I think the 360 shape is ageing really nicely, I think the smooth flow is nicer then the sharper edged shapes of 430 & 458.
After having a 360 for five and a bit years I sold mine August this year, as after buying a Boxster Spyder I just didn't use it that much and from a financial point of view thought it was a good time to sell especially as I had decided I wasn't going to keep it forever.
If you search aldosvoice.com you will find lots of sound advice and he tracks prices and they seem to have fallen since summer, I think everything looks a bit mad at the moment and I am hoping that depreciation will bring me a McLaren 540 in a few years :-).
Good luck in your choices, but my advice at the moment would be just buy what you fancy you want to drive and if it's a safe haven for your money treat that as a bonus.
Ed
johnnyreggae said:
Enjoy driving it and be prepared to lose half its cost
There are no cheap Ferraris currently and certainly the more mass produced ones like the 360 should not appreciate - check out Voicey's pricing data
Mass production comments v the 360 and not the earlier V8 cars do make me smile.......A whole 16300 360's globally excluding CS's versus 12,100 308's, 7500 328's, 8500 348's ( launched after the 1990 bubble burst amongst other things) and 11200 355's......There are no cheap Ferraris currently and certainly the more mass produced ones like the 360 should not appreciate - check out Voicey's pricing data
50% more of a relatiively small number but not exactly mass production unless compared to the Ferrari V12 numbers......Aircooled Porkers seem to have done Ok recently.
It's about supply and demand. Two years ago there were barely any cars on the market, now there are plenty of all tipos. It'll reach a new equilibrium as I suspect, via a gentle fall back and not a crash.
The 360 will have its day but don't buy as an investment as any running costs will far outweigh any gain.
Edited by mike01606 on Sunday 4th December 16:37
I have two Ferraris
in 2000 "Parked " £24K in a LHD 1896 Testarossa ( 25 K kms ) I saw in a filling station on a sking trip to Switzerland .
Imported it ,reg,d it etc -had 7 years of event free ( except annual services ) of "enjoyment "
in 2008 - Sold it for £36 K -P ex (65k kms ) - write down on a sticker price of a 2003- 360 RHD of £42K with 18 K miles .
Just sold that for £57 K with 35 K miles ,
So I have "parked "
£24 k in year 2000
£ 8 K in 2008 for the 360 -Pex ,d the Testarossa in .
Total £32 K in Ferraris
Come out in 2016 with £56 K ..... less £32 K = £24 K UP
Certainly Not lost 1/2 of what I put in in 16 years of "enjoyment " ,"parking " £ and CHF in Ferraris !!
So for me I have had free Ferrari motoring ,the ave anual cost was LESS than £1k / year in
Full Ferrari Service over the 16 years ,and that's with a main dealer ,JCT 600 .
Infact the 360 was a simple car to own .
Got out because I have grown up ,done that ,got the tee shirt etc
And wanted something a bit more comfatable ,able to cover large distances all weather ,all over Europe ,oh and 4WD
Bentley GT Contnental W12 ---- 196 mph , 0 to 60 4.something or so .
It's faster than both Ferraris I have had too
in 2000 "Parked " £24K in a LHD 1896 Testarossa ( 25 K kms ) I saw in a filling station on a sking trip to Switzerland .
Imported it ,reg,d it etc -had 7 years of event free ( except annual services ) of "enjoyment "
in 2008 - Sold it for £36 K -P ex (65k kms ) - write down on a sticker price of a 2003- 360 RHD of £42K with 18 K miles .
Just sold that for £57 K with 35 K miles ,
So I have "parked "
£24 k in year 2000
£ 8 K in 2008 for the 360 -Pex ,d the Testarossa in .
Total £32 K in Ferraris
Come out in 2016 with £56 K ..... less £32 K = £24 K UP
Certainly Not lost 1/2 of what I put in in 16 years of "enjoyment " ,"parking " £ and CHF in Ferraris !!
So for me I have had free Ferrari motoring ,the ave anual cost was LESS than £1k / year in
Full Ferrari Service over the 16 years ,and that's with a main dealer ,JCT 600 .
Infact the 360 was a simple car to own .
Got out because I have grown up ,done that ,got the tee shirt etc
And wanted something a bit more comfatable ,able to cover large distances all weather ,all over Europe ,oh and 4WD
Bentley GT Contnental W12 ---- 196 mph , 0 to 60 4.something or so .
It's faster than both Ferraris I have had too
I have two Ferraris
in 2000 "Parked " £24K in a LHD 1896 Testarossa ( 25 K kms ) I saw in a filling station on a sking trip to Switzerland .
Imported it ,reg,d it etc -had 7 years of event free ( except annual services ) of "enjoyment "
in 2008 - Sold it for £36 K -P ex (65k kms ) - write down on a sticker price of a 2003- 360 RHD of £42K with 18 K miles .
Just sold that for £57 K with 35 K miles ,
So I have "parked "
£24 k in year 2000
£ 8 K in 2008 for the 360 -Pex ,d the Testarossa in .
Total £32 K in Ferraris
Come out in 2016 with £56 K ..... less £32 K = £24 K UP
Certainly Not lost 1/2 of what I put in in 16 years of "enjoyment " ,"parking " £ and CHF in Ferraris !!
So for me I have had free Ferrari motoring ,the ave anual cost was LESS than £1k / year in
Full Ferrari Service over the 16 years ,and that's with a main dealer ,JCT 600 .
Infact the 360 was a simple car to own .
Got out because I have grown up ,done that ,got the tee shirt etc
And wanted something a bit more comfatable ,able to cover large distances all weather ,all over Europe ,oh and 4WD
Bentley GT Contnental W12 ---- 196 mph , 0 to 60 4.something or so .
It's faster than both Ferraris I have had too
in 2000 "Parked " £24K in a LHD 1896 Testarossa ( 25 K kms ) I saw in a filling station on a sking trip to Switzerland .
Imported it ,reg,d it etc -had 7 years of event free ( except annual services ) of "enjoyment "
in 2008 - Sold it for £36 K -P ex (65k kms ) - write down on a sticker price of a 2003- 360 RHD of £42K with 18 K miles .
Just sold that for £57 K with 35 K miles ,
So I have "parked "
£24 k in year 2000
£ 8 K in 2008 for the 360 -Pex ,d the Testarossa in .
Total £32 K in Ferraris
Come out in 2016 with £56 K ..... less £32 K = £24 K UP
Certainly Not lost 1/2 of what I put in in 16 years of "enjoyment " ,"parking " £ and CHF in Ferraris !!
So for me I have had free Ferrari motoring ,the ave anual cost was LESS than £1k / year in
Full Ferrari Service over the 16 years ,and that's with a main dealer ,JCT 600 .
Infact the 360 was a simple car to own .
Got out because I have grown up ,done that ,got the tee shirt etc
And wanted something a bit more comfatable ,able to cover large distances all weather ,all over Europe ,oh and 4WD
Bentley GT Contnental W12 ---- 196 mph , 0 to 60 4.something or so .
It's faster than both Ferraris I have had too
Prices falling by 40/50% is what regular cars do. I therefore tend to think that anything that outperforms 40/50% price drop over 3 years (including extra service and parts costs) is a better deal. One of the best cars out there at the moment in my opinion is a Porsche Boxster Spyder 987 (IE pre 2012). They are super cheap to run, there are plenty low mileage examples, perform fantastically on the road, little more than 2000 made world wide, and have moved only very slightly in the last 5 years from 40ish to 45ish while regular boxsters have fallen over 60% in that time. I think it is a future classic. I also think a convertible Audi RS4 is up there too.
RamboLambo said:
I agree with supply and demand and whilst you say 16,000 isn't mass production nor is 3,500 McLaren 12C's.
Capped supply and increasing demand so my £100k "parking" would go to McLaren whose prices have bottomed rather than peaked IMHO
This is the sensible choice. It's what I did despite wanting s Ferrari since I was a young lad.Capped supply and increasing demand so my £100k "parking" would go to McLaren whose prices have bottomed rather than peaked IMHO
Frrair said:
Totally agree with you baypond I have one as well and they just a great fun sports car.
Nice collection you have in the garage.
Thanks Ed, I'm very lucky to say the least. However, my wife has promised divorce if i continue collecting, after I put a deposit down for a Caterham 420R this week. She can be so unreasonable sometimes.Nice collection you have in the garage.
gezzzz it had a mega service by Nick Cartwright by the previous owner just before I purchased ,guess as a modern type of car its good for a couple of thousand more miles of normal driving its at 29,000 miles now , ive always sold on basis that to sell its got to be cheaper than over servicing a car which is a mass production car , ,
Edited by yzr500 on Sunday 5th February 11:13
yzr500 said:
gezzzz it had a mega service by Nick Cartwright by the previous owner just before I purchased ,guess as a modern type of car its good for a couple of thousand more miles of normal driving its at 29,000 miles now , ive always sold on basis that to sell its got to be cheaper than over servicing a car which is a mass production car , ,
good luck.Edited by yzr500 on Sunday 5th February 11:13
yzr500 said:
gezzzz it had a mega service by Nick Cartwright by the previous owner just before I purchased ,guess as a modern type of car its good for a couple of thousand more miles of normal driving its at 29,000 miles now , ive always sold on basis that to sell its got to be cheaper than over servicing a car which is a mass production car , ,
They are not "mass produced " Edited by yzr500 on Sunday 5th February 11:13
Just to put on record according to DVLA there are now approx 600 reg ,out of approx 1400 imported and reg,d from 99 -2004/5
Ferrari market is extremely sensitive to history ,LIKE NO OTHER - annual is a must ,some items like break fliud are timed to every 2 y ,cam belts on 360 every 3 years -regardless of mileage .
There's a lot of suspension stuff too which a buyer will want to see an invioce for .
Dealer Vs Indy ---- well I went down the dealer route -fully stamped book .
I even had the tyres changed on the Testarossa ,due to time /age @ 5 y NOT wear .
Remember it's was an 185 mph car !
It will not sell ,or you will take a massive haircut .
With these the maintenance is just deferred and the next buyer will bid to reflect --assuming he can be bothered to takle it .
As said good luck @ resale !
yzr500 said:
gezzzz it had a mega service by Nick Cartwright by the previous owner just before I purchased ,guess as a modern type of car its good for a couple of thousand more miles of normal driving its at 29,000 miles now , ive always sold on basis that to sell its got to be cheaper than over servicing a car which is a mass production car , ,
Tell that to the person who asks you why there's a huge gulf in its service history when you come to sell it...these holes are just the sort of place to hide a mileage correction. Not, of course that I'm suggesting you'd be one of those people, but, then, I'm a very trusting person Edited by yzr500 on Sunday 5th February 11:13
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