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Coupes & Convertibles Ferrari Ferrari-the Ultimate classic (Ferrari Lovefest Topic)
729 messages, Last post on Nov 01, 2008 at 8:45 AM
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Replying to: habitat1 (Sep 22, 2005 8:24 am) -Thanks for the compliment, but I am a long way from an expert on ferrari's. A brother of a friend of mine will be selling his 360 coupe in 4+/- months when his 430 arrives. I semi-seriously considered it, but was discouraged by several dealers and ex-Ferrari owners I talked to. I was told by that putting more than 5,000 miles per year on a Ferrari will become very expensive -not in maintenance it wont, this is not high mileage at all, these cars get better the more they are driven, like most mechanical appliances particularly internal combustion engines, problems due to atrophy and neglect will cause you many more problems than regular usage. Some of the best 355 and 360's out there are the ones with 20-30k miles on them, that have been enthusiast owned and well cared for. I bought my 355 with 20k miles on the clock and have had ZERO problems with it. both in terms of maintenance and depreciation. It's a 2001 360 with 11,000 miles currently on the odometer. Asking price is in the $135k range. -now thats a different matter. The price sounds right for the year and miles. Depreciation is just now starting to hit the 360's with the intro of the 430. There are a ton of 360's on the market right now and this will drive down the price steadily, not overnight but judging by the 355 depreciation cycle a 1999 360 with 20k(in 2009) miles will probably be worth around 75/80k in 2009. IMO After 10 years the cycle slows down to minimal depreciation. If depreciation is a worry or a factor then you might want to look at an older car like an early 355 that has leveled off. Instead, I ended up getting a new 2005 Porsche 911 S Cabriolet that I was encouraged to "drive it to your heart's content" by the dealer and other Porsche owners. -Well if the 996 porsche is anything to go by be prepared for a big hit when it comes time to sell it. Far too many porsches out there which kills the resale. And despite what Porsche AG tell us there IS a substitute...  I have owned a Porsche and they are a great car but they have no soul anymore IMO. that went away after the 993 air cool cars went away. In addition, it holds my daughters in the back seat, at least for now. It's still a third car for us, but I've managed 615 miles in the first week. The first service is due at 20,000 miles or 2 years and I suspect I'll hit the former before the latter. I am happy, as are my wife and girls. -They are great cars for this type of daily driving, fast, very reliable, and dont draw too much attention..good and bad depending on mood. However, now another friend of mine who just sent his last kid off to college is interested in the 360. He has homes in the Baltimore and Pittsburgh areas and would plan on driving the Ferrari back and forth (500+ miles roundtrip) at least once a month, weather permitting. - Once a month!!! are you kidding me, thats nothing. The 360 is more than capable of putting higher mileage on it. Despite what people think these cars dont melt in the rain or fall apart after 10k miles...Ferrari has made great strides starting with the 355 in making their cars ALOT more reliable and user friendly than the bad old days in the 70's and 80's where all these horror stories about ferrari''s came from. How much have you driven your 355 -As my ferrari's are 3rd and 4th cars, I dont get to drive them as much as I would like, also with 2 toddlers at home time is at a premium! but I still manged to put 2000k miles on the 355 last year. Strictly weekend use. But I have no doubt the car would be fine with whatever mileage I threw at it. and do you share the view that 10,000 miles per year in a Ferrari 360 is impractical and/or imprudent? -Well if you live where there is a real winter like I do, 10k miles per year is quite hard to do. For me my cars are more weekend toys than daily transportation. Sure the 355/360 are capable of being used daily but for me there is something special about looking forward to the weekends and the anticipation of firing up this magical vehicles. I still get tingles and butterflies when I start them up and hear that beautiful engine roar to life. This is something I never want to loose and I fear using them as daily drivers might diminish the enjoyment if you know what I mean. But thats just me, I know of people that use them alot more regularly but personally the stare's and unwanted attention can get old pretty quickly. I would not want to deal with that on a daily basis. So I guess I am saying a ferrari probably is impracticle for daily driver duties but there is no better weekend or occasional use toy you can reward yourself with. Any other comments or suggestions would be appreciated. -Hope this helps.
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Again, "Enzo", many thanks. I went to the Ron Tonkin website, and tried putting 456M in a search but it came up nil. I then put in 456GT and a very nice blue 1999 one came up for $134,900! Just to clarify, this probably in fact has to be an "M' because I believe all 456's from 1999 on were "modificata", would you agree? In any event, that seems an excessive price, don't you think -- at least by the expected depreciation curve? Also, Tonkin is in Oregon and I am in DC. What do you think of having it trucked across the country from the standpoint of : 1) possible damage; 2) cost; 3) practicality of doing this vs. finding one on the East coast? Any thoughts?
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Replying to: enzo4re (Sep 22, 2005 9:31 am) Sure did, and it's good hearing from someone with first hand experience like yours. Congrats on the toddlers, as well. My kids were probably the biggest factor in my decision to go for the 911 Cab. And, although I've heard the "no soul" pitch from others that were partial to the pre-996 air cooled 911's, I am of a different opinion/preference. I had a fair amount of time behind the wheel of a 1987 930 Turbo and, while it was a lot of fun back then, it was a lot of work to drive. If I wanted to limit my use to 2,000+/- miles a year on the weekends, it - or better yet - a used 328, 355 or 360 - would probably be a better choice than paying full price for a new 997. But I would not bet against my putting 10,000 to 15,000 miles a year on the 997. And if my girls have anything to say about it, they will be in the back seat for more than 2000 miles a year! Again, thanks for your insights and congratulations on two great cars and two greater joys than any car. |
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Replying to: neal4218 (Sep 22, 2005 1:03 pm) Yes, Its an M car. any event, that seems an excessive price, don't you think -- at least by the expected depreciation curve? Yes, thats a carzy price for a 99 and why it has been for sale for a long time..I am not sure what they are smoking but dealers are not known for their rational pricing of used ferraris! , although it looks perfect with very low miles. Its maybe $100k car but not a penny more IMO. $135k should buy you a perfect 2001/2002 car as a reference. This is one of the reasons why I like to buy my cars from other enthusiasts because some dealer's will gouge you sensless if you dont know what you are doing. The other main reason is I like to know FULL history of the car and whom I am buying it from. Most times a dealer will not accommodate these type of requests. Tonkin is in Oregon and I am in DC. What do you think of having it trucked across the country from the standpoint of : 1) possible damage; 2) cost; 3) practicality of doing this vs. finding one on the East coast? Any thoughts? My 355 came from the mid west and my 456 from CA and I am in the NY area. Its not a big deal. There are transportaion companies that specialize in shipping high end cars www.intercitylines.com will take care of any car you need transported. But the best way is to pick the car up yourself and drive it home wherever it is. You will have yourself one hell of a roadtrip! Because there are so few of these cars, the chances of you finding one and one that you WANT close to you is slim, you have to spread your search to cover the entire US. BTW Cauley Ferarri have a nice blue 2001 456m on their website. |
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That price of over 130 seems way out of line. the only justification seems to be the low miles, but that becomes a catch 22. Recently a 328 sold around here for well into 70K because it only had 1200 original miles. Of course, it immediately lost that distinction while being driven home! Don't be afraid of higher mileage cars with EXCELLENT service records. Habitat 1, where in the Northeast are you? I might be able to help find a car through one of the Ferrari Club of America events. BTW, I strongly recommend joining the FCA, along with Fchat, they are a must for owners, and potential owners. There is a wealth of information available in those two sources. As to putting miles on, I put around 7K per year during our short driving season and both my mechanic and I think the car benefits from it. No more maintenance than you would expect from a 17 year old car. |
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were probably a figment of my imagination, perhaps because of the 330LMB which was raced in GT classes and combined the nose of the GTO with the disinctive roofline of the 260 Lusso.  Cool looking, huh 
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Andy, Imagination is a wonderful thing and I'm willing to bet that somewhere a few Lussos saw track action. I've never seen the 330 from that angle, at least I don't remember doing so, and the nose looks bigger and heavier than the tail section. Interesting angle. I think I saw that car at the Monterey Historics a while back. Is it a transition between the GTO and the 250LM? I'm finding too many gaps in my Ferrari history. I guess it's time to sit down and read all those back issues of Cavallino that are piling up! T |
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I checked the "Bible" AKA The Complete Ferrari by Geoffrey Eaton and it only says that the four 330 LMB models were specifically designed to compete for the Championat des Marques which was for GT cars in '62 and '63. They are sometimes referred to as 330GTs, sure to be confused with a few 4-liter GTOs (330GTO).   
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Replying to: enzo4re (Sep 22, 2005 9:31 am) There is no doubt that the Ferrari is a more unique, attention getting car. And if I would be content driving something 1,000 to 2,000 miles a year on the weekends, I'd probably be making a different decison. Although, I might also be inclined to go for a new 430 if I went the Ferrari route. Not to say that the 360 isn't quick and nimble enough, but it fell slightly short of the 911 S - at least in my hands. The 430 appears to be a better match of exotic styling with true supercar performance. Which coincides with why my orthopedic surgeon is selling his 360 to make room for a 430. Live by that sword, die by it, as they say.  My decision has come down to the fact that I would like a high quality, low maintenance, semi-daily driver. I have an M5 that I put 16,000+ miles a year on and, if a 911 were in my garage, I'd probably split that mileage down the middle, or even slightly in favor of the 911. While in theory the 360 may be able to handle that kind of use, it's neither very practical, nor, IMO, the best use of a Ferrari. In my younger days, my first serious sports car was an original BMW M1. It was a damn resiliant car for its day and type, but trying to drive it too much took a toll on both the car and me. With all that said, I can appreciate and respect that owning and driving a Ferrari is a unique experience unmatched by Porsche and BMW. An old college friend has a pristine 328 that he bought new. And even though its performance is now exceeded by his daughter's $30k Honda S2000, he's the one that still causes traffic to stop whenever and wherever he takes it out for that occasional weekend drive. |
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