Ferrari Virgin-360 advice

[burwoodman]

What 360Stimo is saying is that the comment from ufo was very onesided and troll-esque.

It is nonsense to say all 360s are in the 60-70k bracket. Condition, spec etc mean a hell of a lot

[ferrari355gtb]

It appears to me that 'red' is commanding a lot higher premium than say silver/blue/yellow.

Often get asked what colour is it ? Red - well it has to red its a Ferrari.

[justinp1]

Although ufoufos comments were probably anti the common view here, I dont think he was deliberately trolling, just perhaps could have qualified his comment a little by saying that if you are looking at the bottom end of the scale, £65K is about the going rate, and there must be enough out there to find a goodun.

Could anyone add an idea of the annual running costs?

I have sold my TVR Tuscan, and although it was cheaper to buy initially, the 6000 mile sevice is £500, the 12000 is about a grand, and there was forever niggles and things going wrong, which meant abount £2000 in the year for random repairs. Am I right in thinking the 360 and others will be more reliable?

The other nag with the Tuscan was the situation with the engines needing to be rebuilt at a cost of £5k at seemingly random times between 5000 and 25000 miles. Are there any similar problems with the 360?

[dj kam]

I've recently seen loads of posts of people saying 360's in LHD are sub 50k and RHD sub 60k.

Well, not calling anyone a liar, I have seen some cars in this range, but they tend to be unique colours and in certain cases high mileage.

Red does demand a premium especially with cream or tan interior so it's worth noting if quick resale is important to you. F1 also demands a small premium but make sure the cars got the latest (2003 onwards) software which dramatically improves the shift smoothness and speed.

If you find the right car and the sticker price is in the right area e.g. 50k - 65k for a LHD or 65k upwards for a RHD you can't go wrong. just make sure history checks out and if your looking at the top end of those brackets it should be a very clean car.

Worth noting alot more cars go up for sale in Winter and therefore the market does get a bit diluted, very similar to convertible prices.

360stimo is very right in pointing out you may pick up what seems to be a cheap car but a simple oil leak could cost thousands to repair.

Rememeber you don't buy these cars to make money, just enjoy the experience and worry about the depreciation when you have to sell it.

[justinp1]

Hi, not wanting to be combative about this point, but ive pulled a couple of ads from Autotrader:

2000FERRARI 360 Modena 3.6 V8,
10000 miles, Rosso red with Nero leather, 6 speed gearbox, 18in alloys, Scuderia bades, Xenons, e/seats, Ferrari embossed headrests, alarm & Tracker systems, climate control, CD changer.. £59,950.

1999 FERRARI 360 Modena Manual, 21,000 miles, Ferento Red Cream Leather. Air conditioning, CD Multichanger, Computer, Driver airbag, Electric mirrors, Electric windows, Electrically adjustable seats, Immobiliser, Passenger airbag, Radio/CD Multichanger. leather red piped ,Previous Ownerd By Eddie Jordan Full Dealer Facilities low rate finance ,px welcome ,any inspection,call for full spec,After hours 07723010419 £57,995.

FERRARI 360 MODENA, RHD,Rosso red,RHD,Just
had full 18750 mile service & cam belts,Daytona leather with red piping,Scuderia wing shields,tracker,mint condition.. £61,995.


The first two are from indy dealers and the third is a private sale.

These seem to be great deals, and you do get a reasonable choice of colours. Are there any points I should look out for in looking for one? I know these prices are cheap, but I believe this is due to the market, and surely it cant be that they are all 'too good to be true'!

Cheers

Would really appreciate the help! Also if anyone knows the comparison of running costs of the 360 vs the 550 that would be great too!

Cheers again.

[360stimo]

justinp1 said:

Hi, not wanting to be combative about this point, but ive pulled a couple of ads from Autotrader: 2000FERRARI 360 Modena 3.6 V8, 10000 miles, Rosso red with Nero leather, 6 speed gearbox, 18in alloys, Scuderia bades, Xenons, e/seats, Ferrari embossed headrests, alarm & Tracker systems, climate control, CD changer.. £59,950. 1999 FERRARI 360 Modena Manual, 21,000 miles, Ferento Red Cream Leather. Air conditioning, CD Multichanger, Computer, Driver airbag, Electric mirrors, Electric windows, Electrically adjustable seats, Immobiliser, Passenger airbag, Radio/CD Multichanger. leather red piped ,Previous Ownerd By Eddie Jordan Full Dealer Facilities low rate finance ,px welcome ,any inspection,call for full spec,After hours 07723010419 £57,995. FERRARI 360 MODENA, RHD,Rosso red,RHD,Just had full 18750 mile service & cam belts,Daytona leather with red piping,Scuderia wing shields,tracker,mint condition.. £61,995. The first two are from indy dealers and the third is a private sale. These seem to be great deals, and you do get a reasonable choice of colours. Are there any points I should look out for in looking for one? I know these prices are cheap, but I believe this is due to the market, and surely it cant be that they are all 'too good to be true'! Cheers Would really appreciate the help! Also if anyone knows the comparison of running costs of the 360 vs the 550 that would be great too! Cheers again.

what none of those ad's tell you is

a) When do cambelts need changing
b) When does the gearbox and gearbox ration need changing.
c) Do the tyres need replacing (expensive)
d) is it due for a big service
e) what condition is the car in (alloys, leather, bodywork)
f) FFSH ?

These 'cheap' cars could end up costing you a serious wedge. Which is why i keepy saying i would prefer to buy a more expensive example that is totally mint and has the proof to back up its condition.

If those cars are in fantastic condition, then yeah, great deals. I just doubt they are all in mint condition.

[justinp1]

Cheers stimo.

I agree, coming from a TVR, I know that sometimes all is not what it seems, and such things do need a good investigation.

From the points you have made there, could you give an idea of the approximate cost of the work and how long it would last on average?

Also is Ferrari service history more valuable than one from one of the major independants?

Cheers again!

[chrisx666]

A major service and cambelt would probably be around £1400 -> £1800 inc VAT at an indie specialist. If they don't find anything else that needs doing of course. 3 years between these sounds sensible, even if the mileage has been kept down.

[ufoufo]

360 is like any other car - from time to time it will break down, and on a 360, no matter what the fault it cost alot. It doesnt matter if up to the point of sale it has been the best kept example - shit happens to all cars. Mechanical failure is random, some people are lucky others are not. The 360 is now yesterdays ferrari. You only have to look at the Sunday Times to see how many are advertised and how many 430s are advertised. It has become relatively "mass market". Who knows were prices will end up? My point is that £70K+ for a 2000 reg 360 (nearly six years old ) is alot of money for something which does not have that much exclusivity (like say a Murci). And dont compare it to 328s or 348s as these cars were very low volume. The problem with the 360 prices is that they are kept artificially high by rich people who can afford to wait until they get their asking price. If I was buying one I would want to pay not more than TRADE - and that is more like £55K. So pay £70K+ and be a mug!

[burwoodman]

A mug? I don't know many mugs with a budget to spend on a Ferrari. I'll take yesterdays Ferrari, as you put it, any day over a F430 at £25K over list. Which is more muggish?

You cant compare a 360 with a Murci

[360stimo]

ufoufo said:

360 is like any other car - from time to time it will break down, and on a 360, no matter what the fault it cost alot. It doesnt matter if up to the point of sale it has been the best kept example - shit happens to all cars. Mechanical failure is random, some people are lucky others are not. The 360 is now yesterdays ferrari. You only have to look at the Sunday Times to see how many are advertised and how many 430s are advertised. It has become relatively "mass market". Who knows were prices will end up? My point is that £70K+ for a 2000 reg 360 (nearly six years old ) is alot of money for something which does not have that much exclusivity (like say a Murci). And dont compare it to 328s or 348s as these cars were very low volume. The problem with the 360 prices is that they are kept artificially high by rich people who can afford to wait until they get their asking price. If I was buying one I would want to pay not more than TRADE - and that is more like £55K. So pay £70K+ and be a mug!

seriously, what are you doing on a site like this, you know nothing and are not helpful to anyone.

you compare a 360 with a Merci. My god man, you talking about a car that would be £50k more for an early Merci with similar mileage ?

This is a guy who on Ferrarichat.com said he was buying a Lambo then a Ferrari and what did you end up with, a BMW M3, which you refer to as a supercar. I own an M3 and know it isnt close to being supercar and also know that a guy who seriously wanted a Lambo or a Ferrari wouldnt consider an M3 as an alternative.

Guys, go to Fchat and look up the posts this guy made on there, he is a total troll and im glad to see no one is taking anything he says seriously.

Mate do us all a favour a get lost. You pissed everyone off on F-Chat, why do the same on here ? Its a great site and doesnt need people like you trying to drag it down,

Here are a few examples of his views he posted on F-Chat.

www.ferrarichat.com/forum/showthread.php?t=80136

www.ferrarichat.com/forum/showthread.php?t=79965

www.ferrarichat.com/forum/showthread.php?t=80159

>> Edited by 360stimo on Tuesday 1st November 19:15

[ufoufo]

Anyone who pays £70K+ today for a 6 year old car which cost £110K when new must be mug unless that car is something unique or in very limited supply, because you are paying 63.6% of the new price - AFTER SIX YEARS!!!!!!WAKE UP!!!! I come back to the example of the Murci as some of you did not understand it - a new Murci was say £160K 3 years ago, can now be had for £120K i.e. 75% of its new price. You are right, I cant compare the Murci to the 360 because it would be like comparing Chelsea to Tranmere Rovers - different leagues. I am not saying that the 360 is not a great car - but a &70K 6 year old one is a mugs game. Its not a matter of opinion - just mathematics.

[ufoufo]

360stimo said:

<!--[qte1=ufoufo]--><blockquote><b><font size="1">ufoufo said:</font></small></b><table class="categoryCell" border="0" cellpadding="8" cellspacing="2"><tr><td class="altForumCell"><!--[qte2]-->360 is like any other car - from time to time it will break down, and on a 360, no matter what the fault it cost alot. It doesnt matter if up to the point of sale it has been the best kept example - shit happens to all cars. Mechanical failure is random, some people are lucky others are not. The 360 is now yesterdays ferrari. You only have to look at the Sunday Times to see how many are advertised and how many 430s are advertised. It has become relatively "mass market". Who knows were prices will end up? My point is that £70K+ for a 2000 reg 360 (nearly six years old ) is alot of money for something which does not have that much exclusivity (like say a Murci). And dont compare it to 328s or 348s as these cars were very low volume. The problem with the 360 prices is that they are kept artificially high by rich people who can afford to wait until they get their asking price. If I was buying one I would want to pay not more than TRADE - and that is more like £55K. So pay £70K+ and be a mug!<!--[qte3]--></td></tr></table></blockquote><!--[qte4]--> <br/> <br/> <br/>seriously, what are you doing on a site like this, you know nothing and are not helpful to anyone. <br/> <br/>you compare a 360 with a Merci. My god man, you talking about a car that would be £50k more for an early Merci with similar mileage ? <br/> <br/>This is a guy who on Ferrarichat.com said he was buying a Lambo then a Ferrari and what did you end up with, a BMW M3, which you refer to as a supercar. I own an M3 and know it isnt close to being supercar and also know that a guy who seriously wanted a Lambo or a Ferrari wouldnt consider an M3 as an alternative. <br/> <br/>Guys, go to Fchat and look up the posts this guy made on there, he is a total troll and im glad to see no one is taking anything he says seriously. <br/> <br/>Mate do us all a favour a get lost. You pissed everyone off on F-Chat, why do the same on here ? Its a great site and doesnt need people like you trying to drag it down, <br/> <br/>Here are a few examples of his views he posted on F-Chat. <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80136">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=79965">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80159">www.ferrarichat.com/forum/showthre <br/> <br/><small>>> Edited by 360stimo on Tuesday 1st November 19:15</small>

360stimo - like so many others in your position (with more inheritance money than common sense), you seem to believe that you have the right to go an buy a brand new 360 for say £110K and then after 6 years flog it to some hardworking chap for £70K. It has therefore cost you £555 per month for 6 years in depreciation to own a brand new Ferrari! That is not bad at all is it! You cant even buy a Boxster on contract hire for that!! The proof is in the pudding as they say - your car is still unsold, and every week there are more and more 360s being advertised for a lot less.

[Robbo66]

This UfoUfo fella lives in a world of his own and some of his posts will make current M3 owners shudder with embarrassment with the prospect of being tarnished with the same brush. Blipping the throttle etc. Same league as the Poseur Run mob imo.

He does however have a point re the 360's financial position. I got out of mine in September 04 as saw continued ownership becoming more & more expensive due to tumbling residuals. Glad I did, though the experience was superb.
There are banks of them for sale in the back of the times & locally, appearing more and more in the Frank Butcher type establishments. Even 430's are readily available, with smaller & smaller premiums required.
DB9's in June were 15K above list for low mileage, now £15k below. All this within 5-6 months.
I have shot from number 62 to 20 on Astons list for the baby V8, having placed £5K down on October last year, and no-ones had a car delivered yet
My local official dealer offered a straight £20,000 of a new Scaglietti unregistered sitting in showroom. 575 Super's are also sticking, probably due the price @ £208,000.
I have friends linked closely to the trade who all, without exception, are having a torrid time. Too many about IMO, the 355 never plummeted like this.

They are superb cars, and my 2000 miles & £ 16,000 drop in 8 months of ownership I still consider worth it.
They've still got a way to go yet though, and may even fall below the 355 due to the numbers. Be intersting to see.

[ufoufo]

Robbo66 said:

This UfoUfo fella lives in a world of his own and some of his posts will make current M3 owners shudder with embarrassment with the prospect of being tarnished with the same brush. Blipping the throttle etc. Same league as the Poseur Run mob imo. He does however have a point re the 360's financial position. I got out of mine in September 04 as saw continued ownership becoming more & more expensive due to tumbling residuals. Glad I did, though the experience was superb. There are banks of them for sale in the back of the times & locally, appearing more and more in the Frank Butcher type establishments. Even 430's are readily available, with smaller & smaller premiums required. DB9's in June were 15K above list for low mileage, now £15k below. All this within 5-6 months. I have shot from number 62 to 20 on Astons list for the baby V8, having placed £5K down on October last year, and no-ones had a car delivered yet My local official dealer offered a straight £20,000 of a new Scaglietti unregistered sitting in showroom. 575 Super's are also sticking, probably due the price @ £208,000. I have friends linked closely to the trade who all, without exception, are having a torrid time. Too many about IMO, the 355 never plummeted like this. They are superb cars, and my 2000 miles & £ 16,000 drop in 8 months of ownership I still consider worth it. They've still got a way to go yet though, and may even fall below the 355 due to the numbers. Be intersting to see.

So you agree with me that 360 prices are IN FREE FALL? Nice to be proven right by an ex-owner and someone who has nothing to gain from (unlike others...)

[SJN2004]

Everything is taking a hit, even Bentley Continental GT's aren't commanding a premium anymore. Its obvious that a lot of buyers have spent their cash(windfall via remortgage) they made during the housing boom and all who are left are the real earners.

[Vesuvius996]

BigT - I am maybe looking 360ish but I'd take that picture of the speedo off your profile

[Big T]

Vesuvius996 said:

BigT - I am maybe looking 360ish but I'd take that picture of the speedo off your profile

Give me a shout if you're interested.

[360stimo]

ufoufo said:

360stimo said: <!--[qte1=ufoufo]--><blockquote><b><font size="1">ufoufo said:</font></small></b><table class="categoryCell" border="0" cellpadding="8" cellspacing="2"><tr><td class="altForumCell"><!--[qte2]-->360 is like any other car - from time to time it will break down, and on a 360, no matter what the fault it cost alot. It doesnt matter if up to the point of sale it has been the best kept example - shit happens to all cars. Mechanical failure is random, some people are lucky others are not. The 360 is now yesterdays ferrari. You only have to look at the Sunday Times to see how many are advertised and how many 430s are advertised. It has become relatively "mass market". Who knows were prices will end up? My point is that £70K+ for a 2000 reg 360 (nearly six years old ) is alot of money for something which does not have that much exclusivity (like say a Murci). And dont compare it to 328s or 348s as these cars were very low volume. The problem with the 360 prices is that they are kept artificially high by rich people who can afford to wait until they get their asking price. If I was buying one I would want to pay not more than TRADE - and that is more like £55K. So pay £70K+ and be a mug!<!--[qte3]--></td></tr></table></blockquote><!--[qte4]--> <br/> <br/> <br/>seriously, what are you doing on a site like this, you know nothing and are not helpful to anyone. <br/> <br/>you compare a 360 with a Merci. My god man, you talking about a car that would be £50k more for an early Merci with similar mileage ? <br/> <br/>This is a guy who on Ferrarichat.com said he was buying a Lambo then a Ferrari and what did you end up with, a BMW M3, which you refer to as a supercar. I own an M3 and know it isnt close to being supercar and also know that a guy who seriously wanted a Lambo or a Ferrari wouldnt consider an M3 as an alternative. <br/> <br/>Guys, go to Fchat and look up the posts this guy made on there, he is a total troll and im glad to see no one is taking anything he says seriously. <br/> <br/>Mate do us all a favour a get lost. You pissed everyone off on F-Chat, why do the same on here ? Its a great site and doesnt need people like you trying to drag it down, <br/> <br/>Here are a few examples of his views he posted on F-Chat. <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80136">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=79965">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80159">www.ferrarichat.com/forum/showthre <br/> <br/><small>>> Edited by 360stimo on Tuesday 1st November 19:15</small> 360stimo - like so many others in your position (with more inheritance money than common sense), you seem to believe that you have the right to go an buy a brand new 360 for say £110K and then after 6 years flog it to some hardworking chap for £70K. It has therefore cost you £555 per month for 6 years in depreciation to own a brand new Ferrari! That is not bad at all is it! You cant even buy a Boxster on contract hire for that!! The proof is in the pudding as they say - your car is still unsold, and every week there are more and more 360s being advertised for a lot less.

I have never inherited a penny in my life ! Shows how ignorant and pathetic you are. I suggest you find some new source of info as the one you are using is, like you , foolish, gullable, brainless and meaningless !

I wont justify to you where i have been succesful safe in the knowledge that my achievements and business's have given me the luxury of being able to buy a Ferrari. Something you seem bitter about. Work hard and you might just get there. In the meantime keep calling your M3 a supercar if it makes you feel better !

Oh by the way, subject to a check, my car is under offer, wont tell you what it is, but lets say im pretty happy with it and so is the potential buyer!

Happy trolling half wit !

>> Edited by 360stimo on Thursday 3rd November 22:33

[360stimo]

360stimo said:

ufoufo said: 360stimo said: <!--[qte1=ufoufo]--><blockquote><b><font size="1">ufoufo said:</font></small></b><table class="categoryCell" border="0" cellpadding="8" cellspacing="2"><tr><td class="altForumCell"><!--[qte2]-->360 is like any other car - from time to time it will break down, and on a 360, no matter what the fault it cost alot. It doesnt matter if up to the point of sale it has been the best kept example - shit happens to all cars. Mechanical failure is random, some people are lucky others are not. The 360 is now yesterdays ferrari. You only have to look at the Sunday Times to see how many are advertised and how many 430s are advertised. It has become relatively "mass market". Who knows were prices will end up? My point is that £70K+ for a 2000 reg 360 (nearly six years old ) is alot of money for something which does not have that much exclusivity (like say a Murci). And dont compare it to 328s or 348s as these cars were very low volume. The problem with the 360 prices is that they are kept artificially high by rich people who can afford to wait until they get their asking price. If I was buying one I would want to pay not more than TRADE - and that is more like £55K. So pay £70K+ and be a mug!<!--[qte3]--></td></tr></table></blockquote><!--[qte4]--> <br/> <br/> <br/>seriously, what are you doing on a site like this, you know nothing and are not helpful to anyone. <br/> <br/>you compare a 360 with a Merci. My god man, you talking about a car that would be £50k more for an early Merci with similar mileage ? <br/> <br/>This is a guy who on Ferrarichat.com said he was buying a Lambo then a Ferrari and what did you end up with, a BMW M3, which you refer to as a supercar. I own an M3 and know it isnt close to being supercar and also know that a guy who seriously wanted a Lambo or a Ferrari wouldnt consider an M3 as an alternative. <br/> <br/>Guys, go to Fchat and look up the posts this guy made on there, he is a total troll and im glad to see no one is taking anything he says seriously. <br/> <br/>Mate do us all a favour a get lost. You pissed everyone off on F-Chat, why do the same on here ? Its a great site and doesnt need people like you trying to drag it down, <br/> <br/>Here are a few examples of his views he posted on F-Chat. <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80136">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=79965">www.ferrarichat.com/forum/showthre <br/> <br/><a href="www.ferrarichat.com/forum/showthre">www.ferrarichat.com/forum/showthread.php?t=80159">www.ferrarichat.com/forum/showthre <br/> <br/><small>>> Edited by 360stimo on Tuesday 1st November 19:15</small> 360stimo - like so many others in your position (with more inheritance money than common sense), you seem to believe that you have the right to go an buy a brand new 360 for say £110K and then after 6 years flog it to some hardworking chap for £70K. It has therefore cost you £555 per month for 6 years in depreciation to own a brand new Ferrari! That is not bad at all is it! You cant even buy a Boxster on contract hire for that!! The proof is in the pudding as they say - your car is still unsold, and every week there are more and more 360s being advertised for a lot less. I have never inherited a penny in my life ! Shows how ignorant and pathetic you are. I suggest you find some new source of info as the one you are using is, like you , foolish, gullable, brainless and meaningless ! I wont justify to you where i have been succesful safe in the knowledge that my achievements and business's have given me the luxury of being able to buy a Ferrari. Something you seem bitter about. Work hard and you might just get there. In the meantime keep calling your M3 a supercar if it makes you feel better ! Oh by the way, subject to a check, my car is under offer, wont tell you what it is, but lets say im pretty happy with it and so is the potential buyer! So you have been proven wrong and again, made to look a muppett ! Happy trolling half wit ! >> Edited by 360stimo on Thursday 3rd November 22:33