Worth a punt? Cheap 360
Discussion
http://www.pistonheads.com/classifieds/used-cars/f...
Cheap way to manual F car ownership? Or money pit?
Higher mileage
LHD
No service history book
Resprayed
Bit tatty
Cheap way to manual F car ownership? Or money pit?
Higher mileage
LHD
No service history book
Resprayed
Bit tatty
Seems ok, but you can't really tell from photos. LHD is good choice for future resale. "History" can start from now if you keep it a few years then the previous history matters less, but it depends if it's seen any serious action. Manual is simpler to sort out any gearbox issues and manuals will be the desirable collector car. Not the best colour, but it's easy to change colour on a Ferrari as internally they are all black (engine bay and boot). Price i'd try in at £39k once viewed and checked over. Mileage is low really.
Lee
(yep, I owned a 360 for 5 years)
Lee
(yep, I owned a 360 for 5 years)
I bought my 360 In May 2012 for quite a bit less than this and 50k at the time bought a nice red UK low miles car....
To me this price seems high, especially with the question marks and history
It depends where you think the market is heading. It is cerainly stagnant and if it corrects it will be very hard to shift....but who knows.
I have a 40k miles, Argento 360 F1 which is very clean and a great history. I'd value mine below £45k perhaps nearer 40k in the current market (if I wanted it to sell). I think the majority of 'normal' cars are priced optimistically and aren't moving. Prices will fall further and buyers decline in a falling market.
To me this price seems high, especially with the question marks and history
It depends where you think the market is heading. It is cerainly stagnant and if it corrects it will be very hard to shift....but who knows.
I have a 40k miles, Argento 360 F1 which is very clean and a great history. I'd value mine below £45k perhaps nearer 40k in the current market (if I wanted it to sell). I think the majority of 'normal' cars are priced optimistically and aren't moving. Prices will fall further and buyers decline in a falling market.
Genuinely interested to understand how would you go about checking this car out even if you could get it for a more reasonable price?
It was apparently originally sold in Italy, has been registered in Germany and now the UK. How would you check its not been stolen or accident damaged in its life?
What about the discrepancy of two years between its first registration and manufacture date - it's even had warranty work before it was registered?!
On the mechanical side, how would you ensure the engine is sound - would any standard tests show up the common issues with the engine valvetrain/butterfly valve?
It's also had a new aftermarket alarm - how would you check that this is integrated with the standard immobiliser and alarm properly?
Seems cheap compared to the current asking prices, but there's a huge amount of risk in it.
It was apparently originally sold in Italy, has been registered in Germany and now the UK. How would you check its not been stolen or accident damaged in its life?
What about the discrepancy of two years between its first registration and manufacture date - it's even had warranty work before it was registered?!
On the mechanical side, how would you ensure the engine is sound - would any standard tests show up the common issues with the engine valvetrain/butterfly valve?
It's also had a new aftermarket alarm - how would you check that this is integrated with the standard immobiliser and alarm properly?
Seems cheap compared to the current asking prices, but there's a huge amount of risk in it.
Edited by youngsyr on Wednesday 28th December 20:47
Edited by youngsyr on Wednesday 28th December 20:47
youngsyr said:
Genuinely interested to understand how would you go about checking this car out even if you could get it for a more reasonable price?
It was apparently originally sold in Italy, has been registered in Germany and now the UK. How would you check its not been stolen or accident damaged in its life?
What about the discrepancy of two years between its first registration and manufacture date - it's even had warranty work before it was registered?!
On the mechanical side, how would you ensure the engine is sound - would any standard tests show up the common issues with the engine valvetrain/butterfly valve?
It's also had a new aftermarket alarm - how would you check that this is integrated with the standard immobiliser and alarm properly?
Seems cheap compared to the current asking prices, but there's a huge amount of risk in it.
It would be hard to check if it had been stolen during its life. Accident damage that hadn't been repaired as per the factory can be spotted by someone who knows these cars.It was apparently originally sold in Italy, has been registered in Germany and now the UK. How would you check its not been stolen or accident damaged in its life?
What about the discrepancy of two years between its first registration and manufacture date - it's even had warranty work before it was registered?!
On the mechanical side, how would you ensure the engine is sound - would any standard tests show up the common issues with the engine valvetrain/butterfly valve?
It's also had a new aftermarket alarm - how would you check that this is integrated with the standard immobiliser and alarm properly?
Seems cheap compared to the current asking prices, but there's a huge amount of risk in it.
Edited by youngsyr on Wednesday 28th December 20:47
Edited by youngsyr on Wednesday 28th December 20:47
A Ferrari main dealer can look up the info stored on Modis (the internal computer system) such are service work, warranty and campaigns.
I think the discrepancy between the dates is likely down to the DVLA - if this is the case then it's not a problem however would need further investigation.
A thorough inspection of a car like this is essential - but it'll be one of the following...
a) Clocked
b) Crashed
c) Full of deferred maintenance
d) All of the above
e) A genuine example of the tipo
voicey said:
It would be hard to check if it had been stolen during its life. Accident damage that hadn't been repaired as per the factory can be spotted by someone who knows these cars.
A Ferrari main dealer can look up the info stored on Modis (the internal computer system) such are service work, warranty and campaigns.
I think the discrepancy between the dates is likely down to the DVLA - if this is the case then it's not a problem however would need further investigation.
A thorough inspection of a car like this is essential - but it'll be one of the following...
a) Clocked
b) Crashed
c) Full of deferred maintenance
d) All of the above
e) A genuine example of the tipo
Thanks for the info - my guess is that the answer is (d) All of the above, but for the slim chance it's genuine, it could be a cheapish way into a manual F car.A Ferrari main dealer can look up the info stored on Modis (the internal computer system) such are service work, warranty and campaigns.
I think the discrepancy between the dates is likely down to the DVLA - if this is the case then it's not a problem however would need further investigation.
A thorough inspection of a car like this is essential - but it'll be one of the following...
a) Clocked
b) Crashed
c) Full of deferred maintenance
d) All of the above
e) A genuine example of the tipo
The discrepancy on the registration age is bizarre - according to the advert, the registration date has been confirmed with Ferrari as being two years after the manufacture date (with warranty work in between)!
z4RRSchris said:
give it a miss.
i think its going to correct, just waiting
I hold the opposite view - if you look at the reasons why the current bubble is underway, I don't see those changing any time soon.i think its going to correct, just waiting
In short, it's extremely difficult to make any return on savings or run of the mill investments at the moment, so money is being pushed into luxuries which people otherwise wouldn't consider. People are looking to get an emotional reward from their money, rather than a financial one.
Don't really get why one should not take a look - if it has not been crashed and the engine is healthy, then one has manual 360 for a not ridiculous price. I do think it is a little overpriced though as white (to me at least) is a bit of an acquired taste on these...
Drive it for 5-10 years and enjoy it - probably wont cost you much more to run than one that costs double to buy today.
With regards to losing money on it .... thanks to the lower entry price I would think the risk is lower than on one of those aforementioned cars at double the price, especially once the correction comes and the "investors" focus on income-producing assets again.
A proper inspections by somebody who knows these cars is key as usual
Drive it for 5-10 years and enjoy it - probably wont cost you much more to run than one that costs double to buy today.
With regards to losing money on it .... thanks to the lower entry price I would think the risk is lower than on one of those aforementioned cars at double the price, especially once the correction comes and the "investors" focus on income-producing assets again.
A proper inspections by somebody who knows these cars is key as usual
RamboLambo said:
Is it that cheap ????
LHD with questionable mileage and history its not that far from what I would expect in "normal " market conditions.
OK you stand to lose £50k but its still £50k come the Ferrari price correction.
AVOID with a barge pole !
It's not that cheap at the asking price, but the ad states that offers will be considered so if you assume it goes for 40k, that's around a 40% (30k) discount to the current market price for a RHD manual in that colour combination and mileage.LHD with questionable mileage and history its not that far from what I would expect in "normal " market conditions.
OK you stand to lose £50k but its still £50k come the Ferrari price correction.
AVOID with a barge pole !
As for "normal market conditions", in my opinion that's just a metaphor for "what I would want the price to be". In my view, there are no "normal" market prices, the current market price is the market price. For example, people have been telling me that there will be a house price correction and we'll go back to the "normal market prices" soon for the past 16 years!
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