Last post on Sep 29, 2010 at 8:31 PM
You are in the Ferrari
What is this discussion about?
#731 of 736 Re: Let's talk Ferraris [andys120]
Aug 20, 2010 (12:00 am)
I am planning to buy Ferrari 360 maybe 2004 or 2003 model, i want to know if someone knows in dollar amount if possible how much its costs for normal service or oil change. I just want to make sure that i am making a right decision and have enough funds to service it.
#732 of 736 Re: Let's talk Ferraris [sadiedon]
by Mr_Shiftright HOST
Aug 20, 2010 (8:38 am)
Well that would depend a lot on *past* service history and the mileage on the car--but if you want a very rough estimate of maintenance costs, probably $1.50 per mile is about right.
You should consult with a Ferrari shop prior to purchase---first of all, you're going to need to locate one *before* you buy the car, since without a reputable Ferrari facility, you are out in the cold. Last thing you want is someone "claiming" to be a Ferrari mechanic, without the proper training and tools.
Once the shop has laid out for you what to expect in terms of your future *major* services (usually Ferrari requires a big service at 30K, which will cost $3,000 to $6000 dollars). Many sellers of used Ferraris like to bail out just before these major services are due---leaving YOU with no chair to sit on once the music stops.
Also you'll need to have the job give the car a thorough going over prior to purchase.
Keep in mind also that high mileage Ferraris suffer enormous depreciation, and some Ferrari people contend that a 60,000 mile Ferrari is worth no more than a parts car.
So you'd best do your homework not only on service costs, but on the current market price for 360s as it relates to the mileages on the car. The rule is "whatever gets you into a Ferrari cheaper, will come back to haunt you when you service or sell".
Modern Ferraris can be wonderful, practical, reliable automobiles, but you do have to go in with eyes open. If you don't buy the right car, and be really fussy, you can end up with a ruinous purchase.
#733 of 736 94 ferrari 348 spider , 2400 miles
Sep 28, 2010 (9:52 am)
Im looking to see if anyone would estimate the value of my car. Its a 1994 348 spider , pristine , with unheard of 2400 miles.., Any help is appreciated
#734 of 736 Re: 94 ferrari 348 spider , 2400 miles [chrisdlong]
by Mr_Shiftright HOST
Sep 29, 2010 (8:31 pm)
hard to say exactly without reviewing service records (low miles on a Ferrari are not necessarily a good thing) but something like $40K--$55K seems about right in today's market as a starting point. If it's been kept up and refreshed, that's good (keep all your receipts). If it's been sitting dormant for ten years, that's not so good with regards to value.
Here's a good comp, with 18,000 miles, listed for $41,000. Hope that helps.
348 Spider on eBay