Ferrari 360 mileage when buying
Ferrari 360 mileage when buying
Author
Discussion

codieskid

Original Poster:

492 posts

232 months

Saturday 14th March 2009
quotequote all
Hi all

I've been looking at a few different Ferrari 360's around the £40k mark but mileage seems to vary wildly from 9k - 40k miles.

Is mileage something I should be concerned with when buying a 360? I am guessing too little miles might not necessarily be a good thing as its always good if a car is run fairly regularly. But what about cars at 30-40k miles, are these cars worth looking at? My main worry is that when coming to sell the car a 50k+ mile 360 will be hard shift regardless of condition, service history etc.

Also on the higher mileage cars are there particular things I should be looking for on the service history? I know the cambelt should be done every 3 years regardless of the mileage but what about things like clutches etc. How many miles would a clutch last on a manual 360?

Thanks

Trev

Lost soul

8,712 posts

212 months

Saturday 14th March 2009
quotequote all
codieskid said:
Hi all

I've been looking at a few different Ferrari 360's around the £40k mark but mileage seems to vary wildly from 9k - 40k miles.
I would say go for the lowest milage car you can get , these seem to be very milage sensitive cars

tony h

2,703 posts

276 months

Saturday 14th March 2009
quotequote all
buy on condition and history - but as pointed out already, mileage will be an issue for trade and some buyers after about 50k on the odo

Modena Scotland

261 posts

252 months

Saturday 14th March 2009
quotequote all
360s should be driven (I know,I had one for over 4 years, a great car!). Go for a car with at least average mileage of 3k per year. ie. 8 years old = 24k.

On manual cars, the clutch should last at least 25k for normal use. Just don't slip it too much. You should look out for a knocking sound from the front suspension area. The ball joints often wear out on high mileage cars.

Buy on conditions. Garage queens may look great but don't always drive well and you may end up changing the rubbers/seals etc after a short usage.

Edited by Modena Scotland on Saturday 14th March 18:14

iandc

3,892 posts

236 months

Saturday 14th March 2009
quotequote all
I can never understand the mileage issue. Buy on condition, as the low mileage examples are (typically) higher price when buying and attract better price when selling. Higher mileage tend to be lower price to buy but you get less back unless you never drive it and the years "catch up". I bought a 24,000 mile 360 Spider, did 12,000 in 2 years and sold it to get a Gallardo. Never had any problems and running costs were minimal as cambelts are not mileage related and are really cheap anyway. Never had a problem with clutch and when I sold it the dealer was happy the clutch still had plenty of wear left. I looked at lower mileage cars when buying which were in poorer condition but more expensive. Condition is everything!!`

turboguru

448 posts

260 months

Sunday 15th March 2009
quotequote all
I bought my 360 Spider with 21k on it and because it had not been used for the past 3 years bar a few hundred miles a year it had problems with sensors and seals. I now use it every day unless I am going somewhere I don't feel safe parking it and it drives like a dream. Just make sure whatever car you buy that you have a 5k plus float available just in case and get a Tubi on it.

1JEB

254 posts

248 months

Monday 16th March 2009
quotequote all
Bit of a minefield isn't it?!

Do you go for a low mileage one that might not have been serviced regularly and might have been clocked...or do you go for one with higher mileage that might be more difficult to sell?

In my (admittedly not vast) experience, I have never heard anyone say that 360s run better, or are more reliable, when they're lightly used.

In fact, everyone seems to say the opposite. The more it's used (and serviced) the better they seem to run.

If you're planning on keeping it for 6 months and then flogging it, maybe your best bet is to get a low mileage one that's going to be easier to sell on.

If you're planning on driving and enjoying it, then get one that's been serviced regularly and is enjoyable behind the wheel.

Davey S2

13,394 posts

284 months

Monday 16th March 2009
quotequote all
Lost soul said:
codieskid said:
Hi all

I've been looking at a few different Ferrari 360's around the £40k mark but mileage seems to vary wildly from 9k - 40k miles.
I would say go for the lowest milage car you can get , these seem to be very milage sensitive cars
If you intend driving it I would disagree. Cars need to be driven regularly or things start to go wrong with them. I would rather a car which has been used regularly and maintained properly than a garage queen.

Lost soul

8,712 posts

212 months

Monday 16th March 2009
quotequote all
Davey S2 said:
Lost soul said:
codieskid said:
Hi all

I've been looking at a few different Ferrari 360's around the £40k mark but mileage seems to vary wildly from 9k - 40k miles.
I would say go for the lowest milage car you can get , these seem to be very milage sensitive cars
If you intend driving it I would disagree. Cars need to be driven regularly or things start to go wrong with them. I would rather a car which has been used regularly and maintained properly than a garage queen.
Obviously i mean a low milage car with no problems

Modena Scotland

261 posts

252 months

Monday 16th March 2009
quotequote all
Its very difficult to identify GOOD low mileage cars (and some can be extremely low). Why? It may have a perfect exterior but as soon as you start to strain the car by driving it properly, seals/rubber/sensors often start to go. You often find this after taking the delivery of the car.

If you are going for a low mileage car, make sure it has been stored correctly in an air conditioned garage with dehumidifier and service properly every time.

Harsh

4,551 posts

241 months

Monday 16th March 2009
quotequote all
mileage problems are all in peoples minds..

I bought mine 2 years ago and have done 18k in it.
very reliable (as long as serviced properly) and it actually gets better once she loosens up.

everyone i have spoken to that has them and uses them says the same thing.
It's the first mass produced ferrari and was built to be used regularly..

i know of more than once person who has over 80k miles on theirs.
with the fact they are so cheap at the moment it's a no brainer smile

Lost soul

8,712 posts

212 months

Monday 16th March 2009
quotequote all
Harsh said:
i know of more than once person who has over 80k miles on theirs.
That may be so , but lets talk again come resale time smile

Harsh

4,551 posts

241 months

Monday 16th March 2009
quotequote all
absolutely, but if you buy cheap and sell cheap it's less of an issue.

some people lost 30-40k just driving it out of the showroom
look at one that costs around 40-50k with 30k miles on it and even if you double the mileage 3 years you'll struggle to lose the entire value of the car.

900ssduke

241 posts

231 months

Monday 16th March 2009
quotequote all
Lost soul said:
Harsh said:
i know of more than once person who has over 80k miles on theirs.
That may be so , but lets talk again come resale time smile
If I put 80k on mine, I might expect to take a bit of a hit. I think these cars are as cheap as chips at the moment, its horses for courses re the mileage you buy at, hopefully your purchase price will reflect this. Depreciation has hit all cars hard, even the garage queens. I think at this time you are talking a max difference of £20k between a low or high mileage car.

Need For Speed

472 posts

222 months

Monday 16th March 2009
quotequote all
iandc said:
....cambelts are not mileage related....
When did you last look at the service manual?

My 6500 mile 360 doesn't get used that much (frown) but has been totally reliable and fault free in the two years that I've owned it.

tony h

2,703 posts

276 months

Monday 16th March 2009
quotequote all
iandc said:
I can never understand the mileage issue. Buy on condition, as the low mileage examples are (typically) higher price when buying and attract better price when selling. Higher mileage tend to be lower price to buy but you get less back unless you never drive it and the years "catch up". I bought a 24,000 mile 360 Spider, did 12,000 in 2 years and sold it to get a Gallardo. Never had any problems and running costs were minimal as cambelts are not mileage related and are really cheap anyway. Never had a problem with clutch and when I sold it the dealer was happy the clutch still had plenty of wear left. I looked at lower mileage cars when buying which were in poorer condition but more expensive. Condition is everything!!`
belt service is mileage or age related and costs £750 ish

stephen300o

15,464 posts

258 months

Monday 16th March 2009
quotequote all
I wouldn't want to go for the lowest mileage, as an unexercised horse will have stiff joints.

CliveM

540 posts

215 months

Tuesday 17th March 2009
quotequote all
Have been wondering about the service issue for a while and can't find the answer on a search (sorry if it's been asked before)
AFAIK there's a service due every 6500 miles and cambelts need changing every three years regardless of mileage.
Do the services alternate between major and minor?

Cambelt service is c£1000 ??, so is a minor service £500ish??

900ssduke

241 posts

231 months

Tuesday 17th March 2009
quotequote all
CliveM said:
Have been wondering about the service issue for a while and can't find the answer on a search (sorry if it's been asked before)
AFAIK there's a service due every 6500 miles and cambelts need changing every three years regardless of mileage.
Do the services alternate between major and minor?

Cambelt service is c£1000 ??, so is a minor service £500ish??
I was just over £900 for a minor (6k or annual)service from an authorised Ferrari dealer. Change fluids and kick the tyres. Major service is every 3 years or 18k? to change the belts.

With the drop in value of these cars and the fact I dont see myself changing it, I'm considering doing the servicing myself. Alternatively a few of the independent F dealers have fairly transparent menus for service costs.

tony h

2,703 posts

276 months

Tuesday 17th March 2009
quotequote all
CliveM said:
Have been wondering about the service issue for a while and can't find the answer on a search (sorry if it's been asked before)
AFAIK there's a service due every 6500 miles and cambelts need changing every three years regardless of mileage.
Do the services alternate between major and minor?

Cambelt service is c£1000 ??, so is a minor service £500ish??
service is annual or mileage specific, belts are every 3 yrs in practise as mileage is never reached - majors are due @ 6250, 18750 and 30k ish miles . annual is £850 , belts £700 . just about to have both done at the mo so i can be very accurate on prices biggrin