So it looks like I'm buying a Ferrari... (updated with pics)

[Aharami]

Originally posted by: xaeniac
Why did you change the wheels? Is it because you felt like it and rather the look?

that's probably the main reason people change wheels
gorgeous car! just looked thru the pics quickly, but it seemed that you had some of the body panels out? what were you doing?

 

[brblx]

iforged wheels aren't exactly junk, and they look pretty good to me, so why not? he pointed out the cost of the factory wheels, i would assume he just wanted to keep them mint (or maybe just sell them?).

 

[Blackjack200]

Originally posted by: brblx
iforged wheels aren't exactly junk, and they look pretty good to me, so why not? he pointed out the cost of the factory wheels, i would assume he just wanted to keep them mint (or maybe just sell them?).

That's actually a really good reason that I hadn't thought of. I realize that the new wheels are not cheap, but aftermarket wheels have become such a cliche at this point that they never look good to me anymore. On the other hand, I would not want to drive around with $14k wheels on my car, even if it was a Ferrari.

 

[ponyo]

Originally posted by: halik

I've seen '99 360s go quite a bit under 100, is there any actually difference between them (that would explain the price difference)?

You can find number of 360s under $100k. Coupes for ~$70-80k. Spiders for ~$90k. Certain colors like blue and silver are little cheaper. Red is usually the most expensive followed by yellow. There are minor differences between '99-'01 cars. I believe there are no pre-cats in '99 cars. They improved minor stuff every year. '02 and up is where Ferrari made the biggest improvements and corrected pretty much all major issues. '02 updated F1 VCU which had some problems. You can flash '99-'01 cars to fix it but it cost like $3500 to upgrade it. You don't have to worry about this if you have a manual 6-speed car. 🙂

Biggest issues with these cars is making sure all campaigns and upgrades have been performed. Because if not, it cost major bucks to fix and get the upgrades. You can find out from Ferrari of North America if campaigns have been done. Next is service records. You want to make sure all major services have been performed and up to date. Some of the services are pricey and can really add up in price.

Lot of the cheaper cars you see for sale haven't had all the campaigns done or services up to date. Some say they did it but when you inquire about it little more, you find out they haven't or don't have the records to back it up. Lot of the salesmen were just plain shady like a typical car salesmen.

We were willing to pay little more for the right color, options, and known history with services up to date. Owner of this car bought it from Sergei Fedorov at 100 miles and had it since. All the campaigns and updates were done. We verified it with Ferrari of North America. Clutch was replaced 100 miles ago. All it needed was belt service which we negotiated the price out of. Car was clean inside and out.

Originally posted by: xaeniac
Why did you change the wheels? Is it because you felt like it and rather the look?

First thing my cousin does when he buys a car is to change the wheels. I've never seen him keep the stock wheels on. Even his minivan has some black iForged wheels.

 

[halik]

Originally posted by: Naustica

Originally posted by: halik

I've seen '99 360s go quite a bit under 100, is there any actually difference between them (that would explain the price difference)?

You can find number of 360s under $100k. Coupes for ~$70-80k. Spiders for ~$90k. Certain colors like blue and silver are little cheaper. Red is usually the most expensive followed by yellow. There are minor differences between '99-'01 cars. I believe there are no pre-cats in '99 cars. They improved minor stuff every year. '02 and up is where Ferrari made the biggest improvements and corrected pretty much all major issues. '02 updated F1 VCU which had some problems. You can flash '99-'01 cars to fix it but it cost like $3500 to upgrade it. You don't have to worry about this if you have a manual 6-speed car. 🙂

Biggest issues with these cars is making sure all campaigns and upgrades have been performed. Because if not, it cost major bucks to fix and get the upgrades. You can find out from Ferrari of North America if campaigns have been done. Next is service records. You want to make sure all major services have been performed and up to date. Some of the services are pricey and can really add up in price.

Lot of the cheaper cars you see for sale haven't had all the campaigns done or services up to date. Some say they did it but when you inquire about it little more, you find out they haven't or don't have the records to back it up. Lot of the salesmen were just plain shady like a typical car salesmen.

We were willing to pay little more for the right color, options, and known history with services up to date. Owner of this car bought it from Sergei Fedorov at 100 miles and had it since. All the campaigns and updates were done. We verified it with Ferrari of North America. Clutch was replaced 100 miles ago. All it needed was belt service which we negotiated the price out of. Car was clean inside and out.

Originally posted by: xaeniac
Why did you change the wheels? Is it because you felt like it and rather the look?

First thing my cousin does when he buys a car is to change the wheels. I've never seen him keep the stock wheels on. Even his minivan has some black iForged wheels.

Interesting,
here's a '99 360 in this awesome calypso red looking color for sale here locally (14K miles) for low 80s. The guy has been trying to offload it for good part of the year, so I'm guessing the market price is a quite a bit lower than that.

link

The 360 is fiberglass in the front and aluminum quarter panels, right? I'll probably end up picking up a wrecked one off an auction in a couple of years; from what I've seen the 360 has a solid second hand parts market and you can pick up salvage cars for 30-40 depending on the damage.

 

[ponyo]

Originally posted by: halik

Interesting,
here's a '99 360 in this awesome calypso red looking color for sale here locally (14K miles) for low 80s. The guy has been trying to offload it for good part of the year, so I'm guessing the market price is a quite a bit lower than that.

link

The 360 is fiberglass in the front and aluminum quarter panels, right? I'll probably end up picking up a wrecked one off an auction in a couple of years; from what I've seen the 360 has a solid second hand parts market and you can pick up salvage cars for 30-40 depending on the damage.

Coupes are about $10-20k cheaper. We talked to a guy who bought a coupe from Ferrari of Atlanta for $70s. Prices were even cheaper late last year/early this year during the global market meltdown. I would say the current market price is ~70-85k for coupes, ~85-100k for spiders. I figure 360s have another 30-40% depreciation left before finding a floor.

If you don't care about salvage title, that's an attractive route. This guy fixes up salvage exotics and sells them. He's young guy in his early 30s and his specialty is Ford GTs. I know he had 4 GTs for sale at one time along with an Enzo. I've seen pictures of your work and you can probably do same thing he does.

 

[halik]

Originally posted by: Naustica

Originally posted by: halik

Interesting,
here's a '99 360 in this awesome calypso red looking color for sale here locally (14K miles) for low 80s. The guy has been trying to offload it for good part of the year, so I'm guessing the market price is a quite a bit lower than that.

link

The 360 is fiberglass in the front and aluminum quarter panels, right? I'll probably end up picking up a wrecked one off an auction in a couple of years; from what I've seen the 360 has a solid second hand parts market and you can pick up salvage cars for 30-40 depending on the damage.

Coupes are about $10-20k cheaper. We talked to a guy who bought a coupe from Ferrari of Atlanta for $70s. Prices were even cheaper late last year/early this year during the global market meltdown. I would say the current market price is ~70-85k for coupes, ~85-100k for spiders. I figure 360s have another 30-40% depreciation left before finding a floor.

If you don't care about salvage title, that's an attractive route. This guy fixes up salvage exotics and sells them. He's young guy in his early 30s and his specialty is Ford GTs. I know he had 4 GTs for sale at one time along with an Enzo. I've seen pictures of your work and you can probably do same thing he does.

I think the 360s will probably level off in the 50s, since there are slightly more f355s out there (11K vs 9K produced according to googles) and F355Bs have been sitting around 50 for a while now.

I've owned 2 cars with salvage title, so that sorta stuff doesn't bother me. Most of these companies just advertise insurance wrecks with their markup, so you might as well go to the auction yourself. My gf's dad is a dealer, so getting into salvage auction isn't a problem.

But again that's couple years down the road, I just blew 40K on my master's and I gotta put together the porsche 944 i picked up last summer🙂

 

[Arkaign]

Sweet, I'm jealous 🙂

Only Ferraris I might be able to afford :

Mondial
308 series
328 series

But the maintenance would murder me, I don't earn enough per month to justify that want. I could always get a trashed one and get a custom LSx drivetrain swap, but then the only thing Ferrari about it would be the body. *sigh*.

My best bet is to save up $$$ for a rental one weekend with the girl. Perhaps go to San Fran, rent one there, and do a bit of PCH with it.

Cheers :beer:

 

[patronanejo]

I just saw an F430 in Midtown -- coming out of Après Diem or the Highlander -- and immediately thought back to this thread.

We looked at the 430 coupe and like the increased performance, reliability, and the lower maintenance costs. But something about the look of the F430 just doesn't appeal to us. F360 just looks so much better. So we chose F360 over F430 solely on looks. We know the 430 is the better car.

I wouldn't trust myself with that decision. I loved the 360 Modena right away; when the F430 came out, I felt like they had screwed up the 360's looks for no good reason. Ferrari had suddenly got everything right with the 360 Modena--it was a shocking leap out of the old world.

The F355 was a desperately-needed improvement over the rubbish 348, but it was no answer to the McLaren F1. The Modena brought Ferrari renewed relevance and is the mid-engined benchmark for every Koenigsegg, Pagani, Noble, SSC, Saleen, Ascari, even Lamborghini, Audi, and McLaren that followed. Hell, the MP4-12C looks more closely related to the 360 Modena than it does McLaren's own F1.

But fast forward eight, nine years and I feel like 458 Italia is too Kabuki-looking, the 360 Modena is showing its age, and the F430 is just perfect. With 360 Modenas going for about $70,000 and F430s going for about $105,000, would you make the same decision today?

 

[Zenmervolt]

And I missed that this was a necro-thread. Whoops.