Whats 'high' mileage on a 355?

Whats 'high' mileage on a 355?

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Discussion

DarkHorseTerence

Original Poster:

583 posts

245 months

Sunday 24th January 2016
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I know we all have differing views as to the psychology of the different mileage areas on these - personally over the past few years, I've tended to consider 40s as perfectly reasonable and 50's upwards as being 'high'....

However, time is passing, and mileages are increasing of course. Possibly a greater proportion of cars are now being 'tucked up' and used very sparingly (which is a great shame imo)

And as time passes, how does sensitivity to mileage on a modern classic like a 355 reduce? For example, I recently looked into getting a 328 and 80k mileage didn't put me off. Likewise, 90k on a 308 GTB didn't put me off. Will there come a time when 60/70k mileages are much less important than the condition and history of a car? When is that going to be?

So who out there is running 355's with 60k+? 70k+? or even higher??


HardtopManual

2,515 posts

172 months

Sunday 24th January 2016
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Mine's got 52k on it. I think that's considered high mileage for these cars, even though it works out less than 3k per year. Cars with higher mileages do exist but are very much the exception rather than the norm. The ease with which these older cars can be clocked means that some will never tick over whatever the market considers the high mileage watermark - and I agree with you that the market currently thinks that anything over 50,000 is getting on a bit. To be honest, I think mileage sensitivity has increased with age on the 355, as the lower-mileage ones are bought as an investment, resulting in an even bigger gap between the high-milers at the bottom and the garage queens at the top of the market.

To be honest, I'm umming and arring over whether to sell it this year, as I barely drove it last year, although that was due to spending a lot of time out of the country rather than any concern about adding miles.

Bo_apex

2,838 posts

224 months

Sunday 24th January 2016
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DarkHorseTerence said:
And as time passes, how does sensitivity to mileage on a modern classic like a 355 reduce? For example, I recently looked into getting a 328 and 80k mileage didn't put me off. Likewise, 90k on a 308 GTB didn't put me off. Will there come a time when 60/70k mileages are much less important than the condition and history of a car?

This is correct. When you get into Daytona's or even 250's, most buyers are not concerned about mileage. Even if it's zoomed past 200K on the odometer, good provenance is the order of the day smile


qwerty21

34 posts

111 months

Sunday 24th January 2016
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I just recently sold my 355 which had 56k on it!! IMO i think the mileage on these cars is not an issue as long as the maintenance records stack up, and the car drives as it should.

Bo_apex

2,838 posts

224 months

Sunday 24th January 2016
quotequote all
DarkHorseTerence said:
And as time passes, how does sensitivity to mileage on a modern classic like a 355 reduce? For example, I recently looked into getting a 328 and 80k mileage didn't put me off. Likewise, 90k on a 308 GTB didn't put me off. Will there come a time when 60/70k mileages are much less important than the condition and history of a car?

This is correct. When you get into Daytona's or even 250's, most buyers are not concerned about mileage. Even if it's zoomed past 200K on the odometer, good provenance is the order of the day smile


HardtopManual

2,515 posts

172 months

Sunday 24th January 2016
quotequote all
qwerty21 said:
recently sold my 355 which had 56k
Unable to PM you... would you mind PMing me your sold price please? I've no idea where to price mine in current climate. Understand if you don't want to.

qwerty21

34 posts

111 months

Sunday 24th January 2016
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Mo problem never done pm? hows it work?

RamboLambo

4,843 posts

176 months

Sunday 24th January 2016
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1997 Manual GTS - 41k miles and spot on immaculate FFSH biggrin
Average 2,157 miles pa. Lowest annual mileage was 1,238, highest 3,166 in year 1 and never been laid up for a long period.

Current valuation = Priceless and only increasing

HardtopManual

2,515 posts

172 months

Wednesday 27th January 2016
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qwerty21 said:
Mo problem never done pm? hows it work?
Thanks - click on my username, then on the right of the screen "Email Me".

cgt2

7,139 posts

194 months

Wednesday 27th January 2016
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What I am bemused by is how many 355's had around 35-40,000 miles ten years ago and there still seem to be the majority of cars with similar mileages around today.. yet we see them out and about and being driven..??

On the 355/348 it is extremely easy for someone with naughty intent to disconnect one cable and this will prevent the odometer clocking up numbers. I remember a Ferrari specialist encouraged me to do this on mine many years ago as he said it was a 'no brainer' and he would reconnect the cable in 5 minutes. I declined of course..

I may be cynical but I suspect the majority of 355's out there are not indicating true mileages.

MDL111

7,104 posts

183 months

Wednesday 27th January 2016
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I think as others have said, mileage on 355s is not really to be taken seriously. Mine had 52k on it when I sold it in 2009, which was the highest mileage for sale at the time.

I once was on the highway and suddenly the speedo just stopped working and came back on about 20 miles later - I assume it is very easy to disconnect the sensor prior to taking a long trip and then reconnecting it again at some point prior to MOT / service etc.

Also the cars are now getting to an age, where a proper reconditioning/engine rebuild etc would mean more to me than a certain mileage figure

blueSL

632 posts

232 months

Wednesday 27th January 2016
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Mine is an early car, May 1995 and the speedo sensors at the time were prone to water ingress and failure. The car did a bit less than 500 miles before it was fixed but having had the dash out to replace the gauges with metric from imperial ones, I know it's a simple connector. Mind you, you wouldn't have a speedo either.

In the end and especially with an older car, it's condition which counts more than some arbitrary mileage. So mine is 20 years old now, 22000 miles and it's showing its age. The paintwork is good though after I crashed it and it had a full respray. Pretty much unsaleable now, though it drives well.

red_slr

18,029 posts

195 months

Thursday 28th January 2016
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"High", for me, is over 75k now these cars are c.20 years old.
But, most people want them under 50k. And I suspect that's a number that will hold fast for a while now.
20k being the magic number I seem to hear people talking about. Which is 1k a year... hmm.

F355 has gearbox ECU logging real miles btw....

PAUL500

2,732 posts

252 months

Friday 29th January 2016
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Ha thats not high!, my buddys has 218,000 kilometres on it, still drives lovely and has doubled in value since he bought it a few years ago and he is not scared to use it at all as a result