360 Running Costs...
Discussion
My first post in this forum: 
As much fun as TVR's are, I'm finding myself browsing through 360 classifieds more and more.
Can anybody tell me what average annual running costs would be? Will probably do less than 6k per annum.
Also in the land of the prancing horse, what's deemed "average" or "high" mileage?
Thanks in advance.
Tuan
As much fun as TVR's are, I'm finding myself browsing through 360 classifieds more and more.
Can anybody tell me what average annual running costs would be? Will probably do less than 6k per annum.
Also in the land of the prancing horse, what's deemed "average" or "high" mileage?
Thanks in advance.
Tuan
Find a specialist unless you are under warranty of course. I use Verdi for my 360.
They are absolutely fabulous and I wouldn't go near a main dealer if I can help it unless you're buying from them that is.
Running cost - hmm... surely depends on the car
(F1/Manual etc)
You'll need a cam belt change every 3 years. About £1200-1500 including a major service. (Specialist)
On top of that you'll need a service ONCE a year.
Basic annual service around £500 (Specialist). Possibly £700/800 (Specialist) the year after and then the cam belts the year after that. It really isnt bad - I ran TVRs for 5 years and ultimately cost me a lot more servicing.
Naturally, you'll need to account for tyres, clutch, pads etc but no more than any other car - and if you're doing 6000 miles a year that shouldn't be a problem.
Do me a favour? Take one out for more than 30 min. and you'll see what its all about. Not kidding.
Cheers
They are absolutely fabulous and I wouldn't go near a main dealer if I can help it unless you're buying from them that is.
Running cost - hmm... surely depends on the car
(F1/Manual etc)
You'll need a cam belt change every 3 years. About £1200-1500 including a major service. (Specialist)
On top of that you'll need a service ONCE a year.
Basic annual service around £500 (Specialist). Possibly £700/800 (Specialist) the year after and then the cam belts the year after that. It really isnt bad - I ran TVRs for 5 years and ultimately cost me a lot more servicing.
Naturally, you'll need to account for tyres, clutch, pads etc but no more than any other car - and if you're doing 6000 miles a year that shouldn't be a problem.
Do me a favour? Take one out for more than 30 min. and you'll see what its all about. Not kidding.
Cheers
Kent High performance were really good in sorting out the 355 - very professional and not pompus like the guy from the Lyndhurst Maranello sales! :P
I'm with Bebbesen on what type you get - remember that the clutch goes quicker in the F1's than manual.
- Manual's are far more fun anyway!
IMHO I think you may save money by getting a 360, as they're slightly more reliable than TVR's! (a friend of mine's had 3 engine re-builds in 3 years on his Tuscan!
)
You will also have to do far more then 6k a year in it! The longer you drive a Ferrari, the better they get!
Also, Welcome to the forum! I'm new too!
Foxy x
I'm with Bebbesen on what type you get - remember that the clutch goes quicker in the F1's than manual.
- Manual's are far more fun anyway!
IMHO I think you may save money by getting a 360, as they're slightly more reliable than TVR's! (a friend of mine's had 3 engine re-builds in 3 years on his Tuscan!
) You will also have to do far more then 6k a year in it! The longer you drive a Ferrari, the better they get!
Also, Welcome to the forum! I'm new too!
Foxy x
Hi Tuan,
Brian & Foxy have given you the gist of it. From what I can gather, people coming from TVRs probably won't be fazed by the running costs; most of us budget 2-3K a year. This should cover servicing and repair of something significant, which you hopefully won't happen. The principal cost will be depreciation- in addition to the age-related reduction in value, assume there is a £10K difference between what cars are advertised at, and what you would be offered for the same car at trade-in.
Attitudes to mileages look to be changing, especially with the modern cars. Having said that, I wouldn't expect more than say 4K miles per annum on average. I'm told (someone correct me if I'm wrong) that if the speedo has been disconnected, the airbag warning light comes on, so if you see this, question the mileage!
I think they're bloody marvellous cars. Think of it as a gift to your cardiovascular system- if a drive in one of these doesn't increase your pulse and breathing rates, you're not trying! Suggest that you talk to Ajay or Manu at Scuderia Systems and they will help you find a good one.
Kevin
>> Edited by 456mgt on Tuesday 14th October 16:32
Foxy Foxy.. i AM impressed with your knowledge!
Mine is a manual too.. clack, clack, clack... a must!
I know Kent P.C. - they looked after my 360 once.
Agreed, they are great but I must admit I found Verdi to be absolutely spot on with Diagnostics etc.
Karl really knows his stuff down to the smallest bolt.
In any case.. all the specialist seem to lack the arrogance you sometimes come accross in a main dealer showroom..
Brian
Mine is a manual too.. clack, clack, clack... a must!
I know Kent P.C. - they looked after my 360 once.
Agreed, they are great but I must admit I found Verdi to be absolutely spot on with Diagnostics etc.
Karl really knows his stuff down to the smallest bolt.
In any case.. all the specialist seem to lack the arrogance you sometimes come accross in a main dealer showroom..
Brian
bebbesen said:
Mine is a manual too.. clack, clack, clack... a must!
It'll have to be a manual for me!
bebbesen said:
In any case.. all the specialist seem to lack the arrogance you sometimes come accross in a main dealer showroom.. Brian
I get that a lot. It's probably to do with the fact that when not at work, I dress like a tramp!
Ho hum, their loss. Thanks for the responses, the feedback on costs is not as bad as I thought it would be... may have to try to arrange a test drive.
Tuan
The main thing to remember is depreciation. A modern car is almost certainly going to lose money over the course of a couple of years. But the main thing the Ferrari has is the amazingly low depreciation compared to the Blackpool Rocket, which will more than offset any hike in servicing costs.
>> Edited by elms on Tuesday 14th October 22:45
>> Edited by elms on Tuesday 14th October 22:45
elms said:God, it must be bloody awful with TVRs then. Last time I looked, 360s were losing 6-10K a year.
The main thing to remember is depreciation. A modern car is almost certainly going to lose money over the course of a couple of years. But the main thing the Ferrari has is the amazingly low depreciation compared to the Blackpool Rocket, which will more than offset any hike in servicing costs.
>> Edited by 456mgt on Wednesday 15th October 06:05
456mgt said:
God, it must be bloody awful with TVRs then. Last time I looked, 360s were losing 6-10K a year.
It is!!
My Tuscan lost £16k in 18 months, and that's on something which starts at well under half the price of a 360.
Percentage wise Ferraris do very well, but I know what you mean, you're talking percentages of twice as much money as a TVR.
>> Edited by bertie on Wednesday 15th October 11:47
Guys remember different models depreciate at different rates. Someone on the Porsche forum was recently advised that an average used 575 will lose £50k in the first year and a further £50k in the second year. From memory the "normal" V8 ferraris have usually faired better than the V12s on the depreciation front.
DAZ
DAZ
dazren said:Unfortunately this is very true! V12 depreciation is pretty catastrophic within the first year and doesn't become linear until 3 or more years out. V8 depreciation appears to be far more linear as a rule. That 575MM example is a little extreme for the second year unless the plan was to trade it in at that point, and the depreciation includes the dealers' margin. Given that these cars tend to be well looked after, there's not much to be gained by buying a new V12 IMO, and rather a lot to lose. Once you know the pattern though, you can get a LOT of car for your hard earned.
Guys remember different models depreciate at different rates. Someone on the Porsche forum was recently advised that an average used 575 will lose £50k in the first year and a further £50k in the second year. From memory the "normal" V8 ferraris have usually faired better than the V12s on the depreciation front.
DAZ
bertie said:
God, it must be bloody awful with TVRs then. Last time I looked, 360s were losing 6-10K a year.
Well, quite a bit of evidence to suggest that 360 values rae about to take a bath, I thought of getting one last year and px the 355, in fact in that 14 month period the same car is now worth 15K less.
I think one be be fooled by the 'reduced depreciation' as the dealers keep the prices high but see what you get in real life!
However, when it comes to TVR, well thats in another league, its a residual disaster area.
It is!!
My Tuscan lost £16k in 18 months, and that's on something which starts at well under half the price of a 360.
Percentage wise Ferraris do very well, but I know what you mean, you're talking percentages of twice as much money as a TVR.
>> Edited by bertie on Wednesday 15th October 11:47
bebbesen said:
£20K in 12 months on my old RR Tuscan... great.
I'm not going down that route again hence the red Italian in my garage.
B
bebbesen, £20k in one year. How come? Did you sell it damaged? Or with 50k miles?
I presume you bought it new, hence max depreciation, and no idea whether you car was a standard Tuscan (with RR) or an S, but either way I just can't see a £20k drop in a year (based on second hand prices out there). If it's a standard Tuscan with RR, then you'd be talking about £22-24k after one year (with your £20k drop), and an S £33-35k - either way, it doesn't make sense.
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