To sell or not to sell
Discussion
Well as the title really, I recently turned down the chance to sell my 360 Spider, the same possibility has arisen again. I just don’t know what to do.
The car is absolutely top condition and has always had whatever needed doing done, it’s two previous owners only and has full history etc. 37k on the clock.
For the most part it sits in the garage doing nothing under its cover , my dilemma is ....It sits for most of the year, then it needs its service and any jobs found along with it, then I do a few miles and it sits again, any inclement weather I take the Boxster out.
I am not wealthy but I don’t need the money, I wouldn’t replace it with anything, but I would keep the Boxster. Something is telling me to let it go, something is telling me to keep it.
I would appreciate any thoughts any of you regulars here might have, I suspect the buyer of this car will probably read this, I really don’t want to mess him or anybody around, as I did last time. Really I feel like I’ve got a beautiful painting I just look at that costs money to view.
Many thanks Mike
The car is absolutely top condition and has always had whatever needed doing done, it’s two previous owners only and has full history etc. 37k on the clock.
For the most part it sits in the garage doing nothing under its cover , my dilemma is ....It sits for most of the year, then it needs its service and any jobs found along with it, then I do a few miles and it sits again, any inclement weather I take the Boxster out.
I am not wealthy but I don’t need the money, I wouldn’t replace it with anything, but I would keep the Boxster. Something is telling me to let it go, something is telling me to keep it.
I would appreciate any thoughts any of you regulars here might have, I suspect the buyer of this car will probably read this, I really don’t want to mess him or anybody around, as I did last time. Really I feel like I’ve got a beautiful painting I just look at that costs money to view.
Many thanks Mike
Hi Mike
Interesting dilemma, I had a 360 coupe then bought a Boxster Spyder, the Boxster was far more usable and in my opinion more fun to drive.
At the end of the year I had both I totalled the mileage of the Ferrari, as I seem to remember I did about 800 miles in the Ferrari between MOTs including 100 of those to have it serviced and MOTed.
I still have the Boxster...
Sell the one you don’t use and it’s an opportunity to try something else.
I now have a GT3 and the Boxster... which one will be here this time next year, who knows?
Enjoy shopping for something new.
Interesting dilemma, I had a 360 coupe then bought a Boxster Spyder, the Boxster was far more usable and in my opinion more fun to drive.
At the end of the year I had both I totalled the mileage of the Ferrari, as I seem to remember I did about 800 miles in the Ferrari between MOTs including 100 of those to have it serviced and MOTed.
I still have the Boxster...
Sell the one you don’t use and it’s an opportunity to try something else.
I now have a GT3 and the Boxster... which one will be here this time next year, who knows?
Enjoy shopping for something new.
Drive it more?
I get the impression you're in a similar position to me. My 360 does get used relatively often I guess - but it still spends a lot of time sitting in the garage unused. And because I have a "nice" car I can use more often, it just doesn't seem worth the effort of getting it out of the garage (or more accurately, having to get it back in afterwards!). I've had it 6 years (and the last year hasn't been its best - it was off the road for several months and cost quite a bit to fix) - and it's beginning to feel like it's time for a change.
Problem is....... when I drive it, it still makes me smile - literally. The only other car I would be interested in replacing it with is McLaren, but they are a chunk more money and seem a less "safe" place for my money than an old 360 so I'm having doubts about that. It's not like money in the bank does much good, so if there is nothing worth replacing it with - why bother selling it.
I do think that the market has turned, and the values of these are dropping a bit. I don't think that will last forever, but I certainly think that your car and mine will probably be worth a bit less in the years to come.
But my advice would probably be : If you don't need the money for something else, then keep it - it might be a 4 wheel painting most of the time, but when you do actually use it - you remember why you keep it. (If you don't, then sell it!)
I get the impression you're in a similar position to me. My 360 does get used relatively often I guess - but it still spends a lot of time sitting in the garage unused. And because I have a "nice" car I can use more often, it just doesn't seem worth the effort of getting it out of the garage (or more accurately, having to get it back in afterwards!). I've had it 6 years (and the last year hasn't been its best - it was off the road for several months and cost quite a bit to fix) - and it's beginning to feel like it's time for a change.
Problem is....... when I drive it, it still makes me smile - literally. The only other car I would be interested in replacing it with is McLaren, but they are a chunk more money and seem a less "safe" place for my money than an old 360 so I'm having doubts about that. It's not like money in the bank does much good, so if there is nothing worth replacing it with - why bother selling it.
I do think that the market has turned, and the values of these are dropping a bit. I don't think that will last forever, but I certainly think that your car and mine will probably be worth a bit less in the years to come.
But my advice would probably be : If you don't need the money for something else, then keep it - it might be a 4 wheel painting most of the time, but when you do actually use it - you remember why you keep it. (If you don't, then sell it!)
highway said:
The era of big rises for modern classics is over. I would sell without hesitation. You have had the experience. At a certain point, taking into account both servicing and remedial work, the thrill of owning begins to take on water.
These things go in cycles. I agree that the current cycle is over - personally, I don't think it's the last one. Although I wouldn't like to guess when the next one will be.
Roof down said:
Well as the title really, I recently turned down the chance to sell my 360 Spider, the same possibility has arisen again. I just don’t know what to do.
The car is absolutely top condition and has always had whatever needed doing done, it’s two previous owners only and has full history etc. 37k on the clock.
For the most part it sits in the garage doing nothing under its cover , my dilemma is ....It sits for most of the year, then it needs its service and any jobs found along with it, then I do a few miles and it sits again, any inclement weather I take the Boxster out.
I am not wealthy but I don’t need the money, I wouldn’t replace it with anything, but I would keep the Boxster. Something is telling me to let it go, something is telling me to keep it.
I would appreciate any thoughts any of you regulars here might have, I suspect the buyer of this car will probably read this, I really don’t want to mess him or anybody around, as I did last time. Really I feel like I’ve got a beautiful painting I just look at that costs money to view.
Many thanks Mike
What's the motivation for contemplating a sale? Do you want to sell and make some cash? Not lose cash? Want to buy something else?The car is absolutely top condition and has always had whatever needed doing done, it’s two previous owners only and has full history etc. 37k on the clock.
For the most part it sits in the garage doing nothing under its cover , my dilemma is ....It sits for most of the year, then it needs its service and any jobs found along with it, then I do a few miles and it sits again, any inclement weather I take the Boxster out.
I am not wealthy but I don’t need the money, I wouldn’t replace it with anything, but I would keep the Boxster. Something is telling me to let it go, something is telling me to keep it.
I would appreciate any thoughts any of you regulars here might have, I suspect the buyer of this car will probably read this, I really don’t want to mess him or anybody around, as I did last time. Really I feel like I’ve got a beautiful painting I just look at that costs money to view.
Many thanks Mike
No reason other than it frustrates me having it sit in the garage most of the year, it’s never easy getting it serviced, no independent specialists nearby. As someone said getting it out, putting it away etc etc
I am not looking for anything else, I really need the cash.
Thank you for your answers, they are basically what I feel and think, I do feel I might regret it, oh the dilemma!
I am not looking for anything else, I really need the cash.
Thank you for your answers, they are basically what I feel and think, I do feel I might regret it, oh the dilemma!
Hi, went through this dilemma 4 years ago. Didn’t need the cash but wasn’t using the car.
I had used it quite a bit as I had a contract in London with parking and flexible (long) hours, so missed the traffic, great summer, great memories.
Didn’t do track days anymore either.
Live Surrey and found that the traffic was becoming a nightmare and looking for excuses to use the car. This usually meant getting up early on a Sunday to go to various meets at Goodwood.
I used to get the car picked up for services by a main dealership in Exeter , Carr’s. Less trouble and also near enough the same cost as most indies.
I decided to sell an haven’t regretted it. The first time without a Ferrari for 35 years!
Just my personal experience. Good luck with your deliberations.
Ps as someone above mentioned, prices are cyclic but there is a major shift in what is acceptable and I think technology will render older, noisy, polluting etc (once) relatively common supercars less desirable and subject to increasing taxes.just MHO
Good luck
John
I had used it quite a bit as I had a contract in London with parking and flexible (long) hours, so missed the traffic, great summer, great memories.
Didn’t do track days anymore either.
Live Surrey and found that the traffic was becoming a nightmare and looking for excuses to use the car. This usually meant getting up early on a Sunday to go to various meets at Goodwood.
I used to get the car picked up for services by a main dealership in Exeter , Carr’s. Less trouble and also near enough the same cost as most indies.
I decided to sell an haven’t regretted it. The first time without a Ferrari for 35 years!
Just my personal experience. Good luck with your deliberations.
Ps as someone above mentioned, prices are cyclic but there is a major shift in what is acceptable and I think technology will render older, noisy, polluting etc (once) relatively common supercars less desirable and subject to increasing taxes.just MHO
Good luck
John
Edited by Hurri360 on Wednesday 31st July 15:08
Roof down said:
No reason other than it frustrates me having it sit in the garage most of the year, it’s never easy getting it serviced, no independent specialists nearby. As someone said getting it out, putting it away etc etc
I am not looking for anything else, I really need the cash.
Thank you for your answers, they are basically what I feel and think, I do feel I might regret it, oh the dilemma!
SHOULD READ DO NOT NEED THE CASHI am not looking for anything else, I really need the cash.
Thank you for your answers, they are basically what I feel and think, I do feel I might regret it, oh the dilemma!
If you don’t need the money then I would hold on to it for another year or two and reassess then. So many factors at play at the moment that it’s impossible to know where prices will go but I can’t see anything with a Ferrari badge falling off a cliff. Cut your service costs by doing the annual oil change yourself and servicing every two or three years depending on use. Don’t do short trips but plan a couple enjoyable tours every year to exercise the car and your smile. Things like a week in Scotland or Wales, or a trip to LeMans. Love the car for what it is, a never to be repeated piece of motoring history, soon to go the way of the sports horse. That’s my plan at least.
I had a 355 Spyder for a couple of summers. It got to the stage of checking the weather forecast because the car needed exercise rather than checking the weather because I was yearning to drive it.
Yes the drive made me smile but the honeymoon was over so I sold it.
It's just expensive metal at the end of the day so I'd say sell it. Prices are dropping and you could always by another, or a 430 or whatever, in the future.
Yes the drive made me smile but the honeymoon was over so I sold it.
It's just expensive metal at the end of the day so I'd say sell it. Prices are dropping and you could always by another, or a 430 or whatever, in the future.
thecook101 said:
If you don’t need the money then I would hold on to it for another year or two and reassess then. So many factors at play at the moment that it’s impossible to know where prices will go but I can’t see anything with a Ferrari badge falling off a cliff. Cut your service costs by doing the annual oil change yourself and servicing every two or three years depending on use. Don’t do short trips but plan a couple enjoyable tours every year to exercise the car and your smile. Things like a week in Scotland or Wales, or a trip to LeMans. Love the car for what it is, a never to be repeated piece of motoring history, soon to go the way of the sports horse. That’s my plan at least.
After 15 constant years of F355 spider ownership spread over 2 cars, last year i finally called time on it.As other posters have said, it sat in the heated garage looking pretty, rarely being used unless great weather, collected, serviced and mot'd each year by Ferrari with ever increasing costs and ever decreasing yearly mileage.
Large bill last year due to an electrical issue was the nail in the coffin.
I started to feel that when i did take it out i had 1 hand on the steering wheel and the other with the fingers crossed hoping nothing would go wrong.
Beautiful car to look at, and i did love it, but not one second of regret since i sold.
With regards to values, the prices are artificially high of all old stuff; a lot of owners are caught up as they paid high prices and still feel that is what they are worth; it wasn't that long ago when i had the F355 sitting in the garage and they were doing in the £20k's. If people feel that was a unique point in history, there may be a shock in store.
The reset button has been pressed and only the very, very rare will command premiums; the normal service of losing money on 'supercars' has been resumed.
I made a few bucks due to the increased value of my Ferrari; i now have a McLaren that will lose money.
Swings and roundabouts.
thecook101 said:
If you don’t need the money then I would hold on to it for another year or two and reassess then. So many factors at play at the moment that it’s impossible to know where prices will go but I can’t see anything with a Ferrari badge falling off a cliff. Cut your service costs by doing the annual oil change yourself and servicing every two or three years depending on use. Don’t do short trips but plan a couple enjoyable tours every year to exercise the car and your smile. Things like a week in Scotland or Wales, or a trip to LeMans. Love the car for what it is, a never to be repeated piece of motoring history, soon to go the way of the sports horse. That’s my plan at least.
+1355spiderguy said:
thecook101 said:
If you don’t need the money then I would hold on to it for another year or two and reassess then. So many factors at play at the moment that it’s impossible to know where prices will go but I can’t see anything with a Ferrari badge falling off a cliff. Cut your service costs by doing the annual oil change yourself and servicing every two or three years depending on use. Don’t do short trips but plan a couple enjoyable tours every year to exercise the car and your smile. Things like a week in Scotland or Wales, or a trip to LeMans. Love the car for what it is, a never to be repeated piece of motoring history, soon to go the way of the sports horse. That’s my plan at least.
After 15 constant years of F355 spider ownership spread over 2 cars, last year i finally called time on it.As other posters have said, it sat in the heated garage looking pretty, rarely being used unless great weather, collected, serviced and mot'd each year by Ferrari with ever increasing costs and ever decreasing yearly mileage.
Large bill last year due to an electrical issue was the nail in the coffin.
I started to feel that when i did take it out i had 1 hand on the steering wheel and the other with the fingers crossed hoping nothing would go wrong.
Beautiful car to look at, and i did love it, but not one second of regret since i sold.
With regards to values, the prices are artificially high of all old stuff; a lot of owners are caught up as they paid high prices and still feel that is what they are worth; it wasn't that long ago when i had the F355 sitting in the garage and they were doing in the £20k's. If people feel that was a unique point in history, there may be a shock in store.
The reset button has been pressed and only the very, very rare will command premiums; the normal service of losing money on 'supercars' has been resumed.
I made a few bucks due to the increased value of my Ferrari; i now have a McLaren that will lose money.
Swings and roundabouts.
I think supercar ownership is an itch everyone should scratch if they can afford it. However, I had an F430 for 7 years which I sold last September and I don't miss it a bit. It was an "A to A" car (as you couldn't leave it parked anywhere) and UK weather and road conditions meant I just couldn't be arsed to use it.
Itch scratched … moved on.
Itch scratched … moved on.
Well thank you all very much, the overall opinion is to sell, and that is what I am doing, the buyer I let down last time is taking it, albeit at a lower price, its a great car, it really is, but I have had seven years of Ferrari Magic, and am selling it for what it owes me including repairs etc, so I am quite happy.
The new owner is getting a well sorted car that hopefully will give him much the same enjoyment, great place to get folks views on here, much appreciated Mike
The new owner is getting a well sorted car that hopefully will give him much the same enjoyment, great place to get folks views on here, much appreciated Mike
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