would you trust a £40k 360
would you trust a £40k 360
Author
Discussion

abcheetham

Original Poster:

22 posts

211 months

Friday 8th October 2010
quotequote all
I own a 911 (996) and am about to change cars. have been looking at a few Ferrari 360s around the £40k mark - am I asking for trouble buying at the cheapest end of the Ferrari 360 scale?

Jasandjules

72,671 posts

260 months

Friday 8th October 2010
quotequote all
Possibly. But hey, you only live once......

grumbledoak

32,571 posts

264 months

Friday 8th October 2010
quotequote all
No easy way to tell, they can all give you a big, big bill at some point. Can you afford that bill?

Drclarke

1,201 posts

204 months

Friday 8th October 2010
quotequote all
Would you feel better if it were a £40k 308/328/355?

ferrari spider

1,107 posts

205 months

Friday 8th October 2010
quotequote all
There have been many 360s for sale in late 30s let alone 40K. There have been for over a year now. 40-45 is were 360s are now.
Do the usual checks then go for it.
One other thing worth considering is if buying from a dealer. What did they buy the car for at trade price, could have been late 20s early 30s, then they put on there huge mark up. But why should/does it make one feel better if it has a 50k show room screen price?
And yes dealers get the cars for bargain basement prices, i mean you try trading in your old ferrari in as part of a deal on a newer model. Its dam right insulting wink This should put your 40K price tag into perspective.




Edited by ferrari spider on Friday 8th October 21:28

celcius

704 posts

286 months

Friday 8th October 2010
quotequote all
Can u afford the big bill when it comes /-)

Edited by celcius on Friday 8th October 21:49

williamp

20,454 posts

304 months

Friday 8th October 2010
quotequote all
You could be lucky, you could be unlucky. But when we're old men, and fast cars are banned as being too un-green/unsafe (speed)/not possible to have the speed limiting devices fitted, when your grandchildren sat on your knee, what would you rather say:

"Yes. I had the chance to own a ferrari. I took it, and it was brilliant. This one time, I had just changed up to 4th at 7,000rpm and...." or...

"Yes. I had the chance to own a ferrari. But a lot can go wrong, you know. They can be expensive. I might have lost money on it, so I bought a new repmobile and lived with the depreciation, which probably costed me more then a big bill on a car which didnt really depreciate all the time I owned it..."

You are dead a very long time. As Ferris Bueller almost said, if the chance presents itself, you should take it. Who know what might happen

ferrari spider

1,107 posts

205 months

Friday 8th October 2010
quotequote all
williamp said:
You could be lucky, you could be unlucky. But when we're old men, and fast cars are banned as being too un-green/unsafe (speed)/not possible to have the speed limiting devices fitted, when your grandchildren sat on your knee, what would you rather say:

"Yes. I had the chance to own a ferrari. I took it, and it was brilliant. This one time, I had just changed up to 4th at 7,000rpm and...." or...

"Yes. I had the chance to own a ferrari. But a lot can go wrong, you know. They can be expensive. I might have lost money on it, so I bought a new repmobile and lived with the depreciation, which probably costed me more then a big bill on a car which didnt really depreciate all the time I owned it..."

You are dead a very long time. As Ferris Bueller almost said, if the chance presents itself, you should take it. Who know what might happen
fkin "A plus" that man. I like your chain of thought smile

Complex

520 posts

206 months

Saturday 9th October 2010
quotequote all
My gf's father ran one (recently sold via PH) for something like 55k miles of its 63k (to date) mile life. As far as I know it ran relatively trouble free, with only minor wear and tear part replacements, he never mentioned any major problems at all. I think he let it go for low 30ks, the guy who bought it got a cracking deal, even if it does develop a shock-horror bill of a few grand, it'll have still cost the guy sub 40k.

As stated though, you could end up with a trouble free car for below market value, you might not, you just have to ask yourself "If something goes wrong, do I have the spare funds to rectify?", if the answer's yes, why not take a punt on a sub 40k 360? You may end up not having to fall back on reserved funds, and at the same time grabbed a good car at the bottom of its depreciation curve.

steve06

756 posts

229 months

Saturday 9th October 2010
quotequote all
See what this guy will sell for http://www.carzone.ie/search/Ferrari/360/SPIDER-M/... after all, he won in in a raffle so anything's a profit.

ferrari spider

1,107 posts

205 months

Saturday 9th October 2010
quotequote all
steve06 said:
See what this guy will sell for http://www.carzone.ie/search/Ferrari/360/SPIDER-M/... after all, he won in in a raffle so anything's a profit.
Trying to work out how posting a link to a €70 K F360, helps a guy looking for a 40 K one.hehe
Either the seller will come down €20-30, or the original poster has a whopping spare €20-30 burning a hole in his pocket.

456mgt

2,513 posts

297 months

Saturday 9th October 2010
quotequote all
celcius said:
Can u afford the big bill when it comes /-)
Scaremongering stuff like this and all the internet talk of engine detonations and various carnage kept me out of Ferraris for years before I took the plunge. My own fault, I chose to listen to all that crap.

Yes of course it's possible but you can hedge out most of this risk with a decent inspection and regular maintenance.

celcius

704 posts

286 months

Saturday 9th October 2010
quotequote all
I'm just pointing out that looking after these wonderful cars correctly you have to spend more than most are used to.
Oh and I have owned several fezzas
and each time I looked I have never found a so called bargain

Edited by celcius on Saturday 9th October 09:17


Edited by celcius on Saturday 9th October 12:04

grumbledoak

32,571 posts

264 months

Saturday 9th October 2010
quotequote all
456mgt said:
Scaremongering stuff like this ...
Yet no-one has said don't do it.

OP, make your own decision. Could you cope with the big bill, if it comes? If you think you could, you'll have a great car. If you couldn't, you may be buying yourself an expensive worry. Just be realistic.

stephen300o

15,464 posts

259 months

Saturday 9th October 2010
quotequote all
£40k is pretty much the going rate for a regular Berlinetta.

FactoryPilot

1,352 posts

247 months

Saturday 9th October 2010
quotequote all
I bought a £40k 360 from Walkersport and it was a fantastic car. Absolutely tip top. I've now got a Scud, but to be completely honest, I'm kinda questioning whether the Scud is really worth £100k more......

Get a 360 from a trustworthy source, ie: walkersport, and I don't think you'll get better value for money - plus the depreciation is going to be virtually zero.

Go for it thumbup

voicey

2,494 posts

218 months

Saturday 9th October 2010
quotequote all
I bought a £43k 360 from Walkersport too. No problems whatsoever, just general servicing/consumables. I reckon it'd be worth circa £40k now - so yes, I do trust a £40k 360.

I've been in Ferrari ownership for just 18 months and am at the bottom end of 360 ownership - from what I can gather there are two types of cars in this category - good ones and bad ones. I know someone who bought a similar car to mine at the same time - they "saved" £4k on the purchase price whereas I decided to go with a trusted seller. Guess who's had a top end rebuild?

I've been open with all my experiances over on club scud - I have the same username so please do search and read how I got on in the last 18 months.

abcheetham

Original Poster:

22 posts

211 months

Sunday 10th October 2010
quotequote all
Thanks guys. It's amazing how similar this is to people posting on the Porsche forum I'm on when potential Porsche owners ask the same question about buying a 911. Life is certainly too short, I agree. I think I'll look for one around £45k and from a reputable dealer who'll give me a warranty worth having.
I drive my 911 every day, and do around 10,000 miles per year, does anyone here use theirs everyday?

justin220

5,756 posts

235 months

Sunday 10th October 2010
quotequote all
williamp said:
You could be lucky, you could be unlucky. But when we're old men, and fast cars are banned as being too un-green/unsafe (speed)/not possible to have the speed limiting devices fitted, when your grandchildren sat on your knee, what would you rather say:

"Yes. I had the chance to own a ferrari. I took it, and it was brilliant. This one time, I had just changed up to 4th at 7,000rpm and...." or...

"Yes. I had the chance to own a ferrari. But a lot can go wrong, you know. They can be expensive. I might have lost money on it, so I bought a new repmobile and lived with the depreciation, which probably costed me more then a big bill on a car which didnt really depreciate all the time I owned it..."

You are dead a very long time. As Ferris Bueller almost said, if the chance presents itself, you should take it. Who know what might happen
You sound like me! I bit the bullet and tried a high mileage Gallardo for a year. No major problems or big bills.

At least I can look back and say I've done it.

I'd probably rather regret doing it, than regret not doing it! smile

Edited by justin220 on Sunday 10th October 08:16

F355spider

1,395 posts

262 months

Sunday 10th October 2010
quotequote all
Nothings wrong with a 40k 360 ... just back from a 3000 miles trip driven mainly sideways around the French Alps and yet again no problems. These cars are pretty bullit proof and i have never had a major problem with any of mine.

And they can still cut it out with the other stuff !!!! smile