What to do 360 or California

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As the title really, I am giving some serious thought to upgrading my 360 Spider which is currently on here for sale to a California.
Am I mad, I know the Cali will depreciate whereas the 360 probably won’t, but I can get a quite late date Cali for not much more than the 360, I could possibly go to a Cali T there is a nice one at Meridian Modena with plenty of warranty.
I cannot afford both ,there’s something about the California which is attracting me, I would value any thoughts, many thanks Mike

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CaymANTH said:

I've had a similar thought - chop the £60-65k spider in for a 7 year newer Cali for circa £30k. Seems worthwhile. However, the Cali will be £65k in the next 5 years whereas the 360 can't depreciate much more - surely? The Cali isn't universally loved but I like it and each to their own etc especially if you can spring to a Cali T.

I decided to stick with the 360 on the basis I hardly drive it and whilst I don't mind a fairly non-depreciating asset in the garage gathering dust, I couldn't stomach losing £6-8k per year on a car I didn't use much.......

These are exactly my thoughts, I could spring to a T, something about a newer more refined and warranted car appeals strongly.
I know the Cali is a sort of love hate car and that’s one of the reasons I’d like others inputs, I think I might use the Cali more than the 360.

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davek_964 said:

I have my doubts that many of them are selling at that price.

I can vouch that they are not, I think mine is reasonably priced and I would probably accept less for it, so realistically 360 manuals over 70/75/80k in excellent condition with good provenance probably are not worth the asking prices, maybe the California’s are also the same. Mike

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Kyodo said:

A long way from being a rarity then! Now if you'd said 35 vs 702...

How many manual spiders? Out of interest would anyone know?

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RamboLambo said:

What 352 RHD coupes plus 478 RHD spiders !
Seems an awful lot !

World wide that’s not a great many and no doubt several have been written off etc.

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So, I have looked at a Cali T Rosso, cream , I know it’s difficult to guess but what does anyone reckon it’s value might be four years from now, it’s at Lancaster Colchester for 136 and is just two years old, I really am struggling with what to do.
It’s a smashing car, anyone’s thoughts advice would be appreciated, Mike

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Thankyou, my predictions also, I think for the foreseeable future I will keep the 360 and maybe change in a year or two.
The 360 will always be worth what I paid for it at the very least.
I did notice a Cali T privately for sale for just 118k with slightly lower miles, so yes they will fall

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BlackR8 said:

bordseye said:

You need to recognise that the Cali isnt universally loved and Ferraris that arent loved do depreciate. Like the 348 for example - compare 348 prices with 328 and 355. Not in the middle of the car that went first and the car that came later, are they.

In addition, Ferrari prices are in a bubble. It may well last a long time but we have previously seen prices drop as the classic car bubble bursts. In that scenarion, 360 prices might well fall to the 20 /30 k level that we once saw for 328s.

The Cali is a much more complex car than nthe 360 and as time moves on that has to make for more problems that can only be solved by a Ferrari dealer. It also makes for more expensive bits..

The rear seats in the Cali are a joke, if anything less useful even than the ones in an Evora and certainly less so than the 911. The boot is poor by comparison with the mide engined cars.

The feel of the Cali is very different to that of the mid engined sports cars. Might be as fast in a straight line or at least so much faster than is useable as to make no difference. But it isnt a car for bendswinging.

Sure when I go back into the market I will be considering a Cali or a 360 manual but thats only because I cant afford the Cali's mid engined brother, the 458 Spider. Same engine, much better sports car

I am too of the opinion that we are in a bubble and perhaps stupidly am considering purchasing a Ferrari/Lambo but its a purchase driven by emotion and a life long dream rather than a scientific calculation of market trends. I do expect it will be a painful time coming, but honestly still find it hard to believe a Ferrari 360 would return to £20/30k as you suggest?

To be honest I recently advertised my 360 spider for 78k I had only one call and decided to keep it. It tells me that no one is really buying at either the asking price however competitively set or at all, so I see the bubble bursting, however I don’t see top class 360 spiders coming down to 20/30 k, I do see them at the 40/50k mark though.

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Wow thankyou, says a lot, I still think I’ll bide my time a little though, I reckon more to come and substantial too. Mike

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How ridiculous a good correct colour manual 360 with the correct provenance is never going to be under 60k ; why would it be.

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Well as I started this thread I have to say that I’ve come to my senses.
I’m keeping my 360 and to be fair the reasons for considering the Cali still carry weight but not enough.
The 360 is like the 355 and many earlier Ferrari’s a drivers car and I would soon be bored by the cosseted feel of a Cali. I might consider a 458 spider but I don’t have the money.

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irdan87 said:

j3gme said:

If anyone is still after a California these two have just been reduced by £10000, were £99000 now £89000, look value, both same Ferrari main dealer

I just found a great car on Auto Trader:

https://www.autotrader.co.uk/classified/advert/201...


https://www.autotrader.co.uk/classified/advert/201...



Have been eyeing that second link you posted up for a few days. I am meant to be waiting til next May but tempted to move early.

Any expert thoughts on the value of this in say 3 or 4 years and also would you move now or hold off/hope for a better price to come?

Thanks

Dan



They need to be cheap with those colours

Edited by j3gme on Saturday 15th September 10:17

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Many dealers simply won’t be interested in having what they consider to be an already in their own eyes good car further inspected and then told to pay for a manufacturer warranty, personally I don’t blame them.
This is certainly more so in the case of a limited low volume car, and although I considered a Cali , they are certainly not low volume and don’t appear to be selling, having said that I suspect not much is selling anyway.
I also think that the way the Cali T is dropping in value the earlier Calis are starting to look over priced, writing this reminds me why I changed my mind for now and decided to keep my 360, Hope you do get your deal though and please keep us informed.Mike

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I’ll bet the price will come down

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irdan87 said:

Thanks for the feedback, suppose because it's the largest expense I'd have on a car (max being £575 previously on a C63) I'm a little hesitant. I don't wish to spend more than 1k a month so cars about 80k are my limit at the moment whilst dipping my toes.

I'm always cautious things could easily end tomorrow in this industry, knowing my luck I'll sign the dotted line and a £15 pcm Pure Gym will announce they are opening!

I think you should hold fire, the price of the car you are after has dropped, winter is almost upon us, I really think the values/asking prices will come down more yet and you’ll be able to drive a harder bargain, if they come down more which I’m really hoping I might just get my Cali T, btw I don’t think 458 and similar will drop , but there are an awful lot of Calis around, I wouldn’t be surprised if one day they are as cheap as Masaratis are now

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There’s a Cali T on here for 117k I would be interested but the interior is black, I will only have cream, maybe they’ll drop to under 100 k this winter, ph has 106 for sale, that says it all in my humble

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irdan87 said:

Thanks for the reply Andy.

Many of these quoting on balloon HP only give the option of refinance/purchase at the 48 month term not a standard PCP you'd get on a new car (like my wifes 4x4 she has options to purchase/return) & I'm not sure they include VT on older cars too. I suppose that's something to discuss with the dealership when I find one.

I'll sit tight unless I get a reply from the one I enquired about earlier this week and try to avoid temptation between now and spring. Difficult when I'm constantly checking the market for prices etc.

Can anyone really see a 2013+ Cali T for under 100k anytime soon? Minimum I've found is circa 115k..can't see a 15k drop in 6-9 months.

As for white - yes seems more popular now than ever. Still out numbered by Black and Red though!

I say again yes, It’s why I’m waiting and watching, if nothings selling then yes and I do believe not much is selling, I have it on authority from a well respected dealer and friend, so yes I’m just waiting for a red cream Cali t and I’ll be in.
Everything will sell when the price is right

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Everything is belly up at the moment, not surprisingly not much is selling, still waiting for a red cream Cali t to come up at under 100 , I really believe one will