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prospective 360 owner

B

bingbongbing

New member
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!?).
 
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.
 
bingbongbing said:
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.
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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 :thumbsdow

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.
 
sssdu01 said:
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 :thumbsdow

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.
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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.
 
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.
 
Mark Blanchard said:
Get a car that's been maintained by a Ferrari main dealer
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There are very few of these cars still in the network and perhaps I'm misunderstanding but what's the logic if you're also suggesting independent service from now on ? Surely there's no significant downside to a car that has a sensible history from a sensible independent ?
 
jos said:
There are very few of these cars still in the network and perhaps I'm misunderstanding but what's the logic if you're also suggesting independent service from now on ? Surely there's no significant downside to a car that has a sensible history from a sensible independent ?
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I didn't explain myself properly, but getting a car that's been to a Ferrari main dealer if you can, for the last 4-5 services is a good idea as they will sort out current problems and guard against future problems. Yes, they're probably rare, but no harm in looking.
I guess i was lucky with mine, 8 years prior servicing at a Main Dealer.
 
Not sure where you are in the south west but as you mention Dartmoor I guess you are not too far from Carrs of Exeter.
I would have a chat with them. I always found them friendly and helpful and if you do take the plunge, their service department is very fair with their pricing especially on the older models. Tell them we sent you.
 
It's always a point for discussion isn't it - Main Dealer vs Independent. I think there are good main dealers and not so good, and good indies and some not so good. There's also now a plethora of 'Ferrari Specialists' who also 'specialise' in almost every other high performance car you can think of......... ie they are Ferrari specialist in name (and paperwork) only.

FWIW some of the best most meticulously maintained cars I've seen were maintained at neither Main Dealer nor Indie, they were maintained at home.
 
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jos said:
There are very few of these cars still in the network and perhaps I'm misunderstanding but what's the logic if you're also suggesting independent service from now on ? Surely there's no significant downside to a car that has a sensible history from a sensible independent ?
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I'd choose AV or similar quality independent over a main dealer for a 360 any day of the week :thumbsup:

Mark Blanchard said:
And servicing will cost £1000-£2000 per year at an Independent...
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The servicing is less than that Mark but they'll often be a bit of extra work so as a figure for annual expense I'd say this is similar to my experience. Some years more, some years less.
 
Kyodo said:
I'd choose AV or similar quality independent over a main dealer for a 360 any day of the week :thumbsup:


The servicing is less than that Mark but they'll often be a bit of extra work so as a figure for annual expense I'd say this is similar to my experience. Some years more, some years less.
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I know, £650 from QV for a basic service, but I rounded it up to £1000 but there's usually other stuff.
 
bingbongbing said:
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.
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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
 
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 :laugh: 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 :laugh:
 
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 :laugh:

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.
 
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I sold my 2000 Silver 360 F1 with ~50k miles for £43k 12 months ago.
I advertised it at 0900 and had a deposit on it at 1100. Maybe too cheap? But it was what I’d paid for it in 2012 with sub-30k miles and I wanted it to sell.
It was a very nice, straight, honest car but the ‘wrong’ colour and ‘wrong’ gearbox and had starship miles according to many…

Running costs are going up as they are 20 years old. TBH the suspension drove me nuts.

Decide if you want to use it or not lose much on it… that would define the car you should consider.

If you see one for sale in the NW, I’ll happily have a pre-look for you. I accumulated quite a bit of knowledge over my ownership and know many of the pitfalls.

Good luck with the search….

Economy wise….. I think we may be in for a shock and it’s just starting now.
360’s were in the 30’s in 2009/10 and they were relatively new cars then.
I’ve seen two collapses in classic prices in my lifetime so I don’t subscribe to the view it’s all one way.
 
bingbongbing said:
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!?).
Click to expand...

Ride? Its hard - old fashioned sports car style so you do feel bumpy roads.

Deprecistion? depends on what you buy for. I bought a manual spider with 16k on the clock and paid a daft 70 odd for it at the top of the boom.Its still only 19k but I doubt I would get more than 60k selling if that and as mileage goes up and the years go on, I suspect it will drop quite a bit further.

Maintenance runds about £1k to £1.5k pa.

Its a lovely drive with sensible power levels. Next best thing to a Lotus.
 
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