Page 1 of 2 12 LastLast
Results 1 to 10 of 17

Thread: prospective 360 owner

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Join Date
    Sep 2021
    Location
    southwest
    Name
    Mr S
    Posts
    6

    Default prospective 360 owner

    I've been looking at older Porsches, as something to have a sunny Sunday blast across Dartmoor in while I very very slowly get my 240z rebuilt.

    However, this has caused a drift to the 360's as it just feels like it'd be more of an 'event'


    I've been digging into running costs(circa 5k over 3 years?), however, how much are they depreciating also? circa 4k per year? I'm just trying to work out actual costs over 3 years based on doing 3-4000 miles a year.

    Can you set them up to work on bumpy a+B roads(ish!?).

  2. #2
    Nosevi's Avatar
    Nosevi is offline Post whore with no life, no friends, and a problem fitting into normal social circles Committee Member
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    11,786

    Default

    I'd say they've done most of their depreciating now. It's obviously impossible to predict the market with 100% accuracy but at this point in the 360's 'life' I'd say it's about movement of the market for older Ferraris rather than a steady depreciation. Older cars such as the 308, 328, 348 and 355 have all gone up in value considerably over the past 10 years and most of that jump was within a 5 year timeframe. Will 360s follow suit? Impossible to say but they might. I doubt you'll lose anything through depreciation though, even adding 9,000 miles as most 360s will gain miles over that period as well.

  3. #3
    Join Date
    Sep 2021
    Location
    southwest
    Name
    Mr S
    Posts
    6

    Default

    Thank you for the reply.

    So a spider, 2001ish, manual 35k, what's the going rate? Same for a coupe?

    I do like the bucket seats.

  4. #4
    tom's Avatar
    tom is offline You thought the Enzo was ugly? - The Ferrari FXX Club Member
    Join Date
    Nov 2005
    Location
    London
    Name
    Tom
    Posts
    5,547

    Default

    Quote Originally Posted by bingbongbing View Post
    Thank you for the reply.

    So a spider, 2001ish, manual 35k, what's the going rate? Same for a coupe?

    I do like the bucket seats.
    I have no personal connection to this car, nor have I even seen it in the flesh, but it's a friend's neighbour who is selling it. From the advert and what my friend has told me about it, it sounds like it would be worth a look if you're after a Spider.

    https://www.pistonheads.com/buy/listing/11519445

  5. #5
    MalcH's Avatar
    MalcH is offline Post whore with no life, no friends, and a problem fitting into normal social circles Club Member
    Join Date
    Nov 2005
    Location
    Astley, Manchester.
    Name
    Malc Holden
    Posts
    11,647

    Default

    IMHO 360's are now your realistic entry level Ferrari.
    I tried to sell mine earlier this year without any real success. It appears mine is POS according to people that came to view it When I last looked there did seem to be a great many on the market.
    Mine has just over 40k, manual, OEM metal wing logos, leather covered roll bar, OEM fire extinguisher, carbon fibre sports seats and Challenge grills all round. The most I was realistically offered was 50k. P/X would have been about 43k.

    Personally I think mine looks well (I would) but it really is not concourse. The main thing that mine was pulled up on was a few tiny finger sized dents that I never noticed (which I will have removed next year when it goes in for a belt service) and window trim on the driver's side had peeled a little, which I have repainted. Oh and one other issue which I will mention next

    If any of the above is true I would not be paying 65k unless it had low mileage (< 25k). 40k I was told was too high of a mileage so I should not expect much for it. Aldous Voice from AV Engineering and Tim Walker @ Walkersport are two very reliable sources of information and they won't bull**** you. You may even source a car from either of them.

    I've decide to keep my worthless POS

  6. #6
    MalcH's Avatar
    MalcH is offline Post whore with no life, no friends, and a problem fitting into normal social circles Club Member
    Join Date
    Nov 2005
    Location
    Astley, Manchester.
    Name
    Malc Holden
    Posts
    11,647

    Default

    I should add that I think now is the time to buy. It seems perhaps COVID affected the lower end of the Ferrari market. It's not just successful business owners and such that buy these cars. I'm just a systems admin in a large semi-conductor company. As such I think folk at my level are perhaps more affected by the pandemic. My view as to why an otherwise healthy secondhand car market does not seem to apply to cheaper Ferraris.
    I was also told that California's are keeping 360 prices cheap which may well be true but that is pretty much like a 360 in that it is now a cheap Ferrari and probably cheaper to maintain (I actually think 360's are relatively cheap to maintain especially compared to F355 I had previously).

    My view is that 360's will slowly rise again over the next few years. Not dramatically but still upwards. I purchased mine in 2015 for what I worked (I p/x that F355 for it) out to be 63k. One chap did offer 55k but his client wasted my time (used it for a test drive) so from 63k down to 55k (In my view what my car is worth today) in six years is not bad. I was offered 73k in 2016 though for the car

    Anyway I think this winter (now) coming is the time to buy.

    When I bought my F355 in 2010 I did fancy a 360. My F355 was 32k (needed plenty of work) and the nearest 360 was 40k. So from 2009 financial crash they did rise.
    Last edited by MalcH; 29-09-2021 at 08:16 AM.

  7. #7
    sssdu01 is offline No I'm Spartacus Committee Member
    Join Date
    Dec 2012
    Location
    Gloucestershire UK
    Name
    Simon Dutton
    Posts
    1,547

    Default

    Quote Originally Posted by bingbongbing View Post

    I've been digging into running costs(circa 5k over 3 years?), however, how much are they depreciating also? circa 4k per year? I'm just trying to work out actual costs over 3 years based on doing 3-4000 miles a year.
    I am an expert at man maths and can make a sound case to buy just about anything. However how do you manage to get 5K running cost ?? Tax, insurance, service, tyres (You will need at least one set in 3 years, as they just go off and the car will be difficult to drive anywhere near the limit on time expired tyres). At 4000 miles you will spend close on 2k on just the fuel

    You should also factor in some new oily bits over the course of 3 years. Typically the suspension ball joints are made of soft cheese and are likely to need changing, along with the flanblocks etc. Even if you are good with spanners for a diy project, the parts alone are just stupidly expensive (Suspension refresh circa 2.5k in just parts)

    I dont want to rain on anyone parade but these arent cheap cars to run, and a poorly maintained Ferrari will be very very difficult to sell on.

  8. #8
    Join Date
    Sep 2021
    Location
    southwest
    Name
    Mr S
    Posts
    6

    Default

    Quote Originally Posted by sssdu01 View Post
    I am an expert at man maths and can make a sound case to buy just about anything. However how do you manage to get 5K running cost ?? Tax, insurance, service, tyres (You will need at least one set in 3 years, as they just go off and the car will be difficult to drive anywhere near the limit on time expired tyres). At 4000 miles you will spend close on 2k on just the fuel

    You should also factor in some new oily bits over the course of 3 years. Typically the suspension ball joints are made of soft cheese and are likely to need changing, along with the flanblocks etc. Even if you are good with spanners for a diy project, the parts alone are just stupidly expensive (Suspension refresh circa 2.5k in just parts)

    I dont want to rain on anyone parade but these arent cheap cars to run, and a poorly maintained Ferrari will be very very difficult to sell on.
    I mean 5k over 3 years in 'normal servicing' so run of the mill with one larger bill(cambelts etc). obviously not including fuel/insurance etc.

  9. #9
    Join Date
    Sep 2021
    Location
    southwest
    Name
    Mr S
    Posts
    6

  10. #10
    Join Date
    Nov 2020
    Location
    Henley on Thames
    Name
    Mark Blanchard
    Posts
    129

    Default

    That's a nice looking car. The expense also depends on how much or little you drive it, how hard you drive it and where you get it serviced and maintained. If you're tracking the car regularly or using it as your main car it's going to cost more than an occasional Sunday drive. If you don't use it, it will also cost money and they don't like to stand. Tax depends on the year, mine's a 2000 so costs 280 per year. Limited mileage insurance policy can cost 400 per year depending on your age and no claims. And servicing will cost 1000-2000 per year at an Independent, as long as nothing serious goes wrong otherwise it's serious money.

    Get a car that's been maintained by a Ferrari main dealer and have some spare money in the bank.

    Good luck. They're great cars.

Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 4
    Last Post: 19-08-2019, 05:41 PM
  2. Prospective new owner requesting help
    By 348Marky in forum Technical Q & A
    Replies: 20
    Last Post: 02-12-2006, 09:42 PM
  3. Prospective Ferrari Owner seeks advice
    By Arron in forum Ferrari Talk
    Replies: 98
    Last Post: 22-03-2006, 10:55 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •