First time 360 buyer – looking for advice.

First time 360 buyer – looking for advice.

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TREMAiNE

Original Poster:

4,026 posts

156 months

Friday 24th March 2023
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Hi All

I’m looking to move into Ferrari ownership for the first time towards the end of the year/early next year – so the proper research period begins.

As prices tend to be quite varied and purely looking at the classifieds doesn’t really show true condition, I have a few questions for any owners or previous owners… Ideally from those that have owned them used, not new…


1) What ballpark figure should I be paying for a manual example?
I’d like Rosso Corsa and Crema (boring, I know but it is my first Ferrari!) which I assume adds a premium. I am not bothered about mileage if the condition is right.

2) Is the manual really worth the premium over the F1? The car would be used specifically for drives – not necessarily for touring in.

3) What are the key things to look for when buying one of these? Any specific things to check that are easy to see without a full inspection?

4) What is the general reliability like? Any essential preventative maintenance mods that should be done or should have always been done?

5) What are the general servicing costs and is main dealer essential or are there some specific specialists I should use instead?

6) The plan is to have a £10k slush fund from day 1, in case bills are thrown at me, with the idea to add £500 to it each month thereafter. Is this sufficient? (Obviously, it depends if I buy a lemon or not, but generally speaking?)

7) I’d like one with the Challenge Grille but if a good example didn’t have this, can I retrofit it easily?

8) I am happy for Coupe or Spyder, but if I had a Spyder, is the roof reliable/robust or should it be avoided?

9) Any other things I need to know or be aware of?

10) Any other models I should be looking at for the same price bracket? (I’d love a 355 but seem to be more expensive and possibly more expensive to run)

11) Lastly, are there any recommended resources/buyer guides?


Many thanks for your time.

johnnyreggae

3,001 posts

167 months

Friday 24th March 2023
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Read the buyers guide here plus all the various how to buy a 360 threads here - also read all of avengineering's advice pages - if you need more there's twenty years of advice at clubscuderia (UK) & ferrarichat (USA)

Edited by johnnyreggae on Friday 24th March 19:36

V8FGO

1,651 posts

212 months

Friday 24th March 2023
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Voicey's guide is pretty useful.

https://aldousvoice.com/ferrari-360-f430-buying-gu...

When he was running his 360 market watch a few years ago now, a manual had a 5k ish premium over an F1.

davek_964

9,295 posts

182 months

Friday 24th March 2023
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I owned my 360 coupe for about 7 years I think - 2013 to 2020. I think I put about 20k miles on it in that time.

It was generally a very reliable car - very little went wrong with it. It did however have the cam variator snap and damaged the top end of one bank. £6.5k bill at an Indy. It's a design fault, and mine had already had the recall done but that doesn't really solve the issue.
I don't think it's all that common though - I'd never heard of it before mine did if after 5 years of ownership.

Ball joints wear out and it's a couple of thousand to get that sorted from memory.

Mine was manual and I thought it was a big negative that I was moving into a paddle shift car. But actually, I don't miss it at all.

Mine was grigio alloy with dark blue interior and sold fairly quickly in 2020 for ~£50k. Had somewhere between 35k and 45k miles (can't actually remember).

£10k slush is plenty in my experience.

My servicing varied. One Indy I used seemed expensive - my bills were always more than other owners. When I changed Indy, it probably averaged about £1.5k - £2k a year to service.

Overall, excellent cars and I loved mine.

Oh - one thing to look out for. If it's got the original exhaust, the engine bay will probably get full of white dust. The packing starts to disintegrate. I had mine redone when the exhaust was off for the top end rebuild.

Gibbo205

3,572 posts

214 months

Saturday 25th March 2023
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Hi there

I’m also in a similar boat and been monitoring the market for a few months.

Collecting cars sold page will give you some insight to the true values where they sell at, 2-3yr ago a manual coupe/spider were selling in 40-50k region. I’d say manual is still a circa 5k premium been realistic but some dreamers try adding 10-20k.

I was offered a high mileage (88,000) F1 red coupe for £35,000 when I enquired about it the owner had sold it to a dealer for £28,000 and that car is yet to appear back for sale, the owner reckoned it needed £5-10k spending to make it a great example.

Prices are varied there is a stunning silver/blue for sale at a dealer down south, Spider, 28k miles and manual for £58,000 and think it’s quite low owners too, this car is priced more keenly but still available.

High owners and high mileage really hurts values as a Ferrari collector has no interest so it’s down to been attractive buy to the more petrol head and enthusiast buyer like ourselves and these cars were once around 30k some years ago which mean several have been neglected as it’s not unusual to see cars with a five year history gap and it is these cars you need to be buying cheap as they will be hard to sell on.

The rarer colours seem to command premiums like Rosso Scuderia, Tour De France blue and Fuji Bianco. As does Rosso Corsa if it’s the typical cream interior, red carpets etc.

Always drive both manual and F1 as the latter is not as bad as some people make out and with CS software is decent and of course some people hate manuals.

Just don’t pay overs, there is lots advertised and quite a few owners planning to sell as well.

Anything sub 10,000 miles is collectors material so are going to be 80k plus! Avoid if you intend on driving and enjoying the car as once over 20k miles value will take a beating.

20-30k mile cars there is plenty off and if full service history and good condition I’d say 50-70k depending on spec and condition. Cars closer to 50k are a good buy and is where Id aim for!

40-50k mile cars are fine if full history or plenty or restoration work so buy on condition and id say 40-60k depending on spec and miles, if a high owner car and not perfect history then under 50k.

60k mile car plus examples id not pay over 40k for unless it’s like a perfect 1-2 owner example with perfect service history and recently major serviced and perfect condition and then and only then id maybe consider paying 50k for a perfect car.

80-100k miles you want to be paying circa 30k !


Lots of cars available, it’s a buyers market so buy aggressively!

TREMAiNE

Original Poster:

4,026 posts

156 months

Saturday 25th March 2023
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johnnyreggae and V8FGO many thanks for pointing me in the right direction to good buyers guides and forums.

davek_964 said:
I owned my 360 coupe for about 7 years I think - 2013 to 2020. I think I put about 20k miles on it in that time.
Really appreciate your response, thank you - I will, of course, go in with my eyes wide open but it's nice to know that in principle, I'll have enough money set aside for the sort of issues that may crop up.

Gibbo205 many thanks for your lengthy reply (and good luck, in your search, too)...

I was expecting to be paying nearer the £70k mark for one but you've put my mind at rest that those in the £50-70k bracket are good cars. I'd written them off in my mind assuming they'd all be dogs - although appreciate some still will be.

For the sake of £5k, I'd rather move into a manual but seeing the current trend of there being £10-15k premiums over the F1 is rather off-putting. Will it be the better drive? Sure. Will it be £15k better? I'm not so sure.

I'm happy to buy an example with 30-50k miles on it, anything more than that becomes a bit more worrying, and I don't like the idea of a high number of owners although may not be able to avoid that. I'm not buying the car as an investment - happy to take a financial hit on it during ownership and want I car that isn't so nice I'm afraid to use it.

I've seen the Azzuro California Blue manual example you mentioned for 28k on the clock up for £60k - it seems cheap compared to other listings. I'd strongly consider an example in this colour, it looks ace. Although I did think the seats looked especially worn for the low mileage and was worried the car may have been clocked. It also only has 13 stamps which I didn't like.

Though an F1, I am liking the look of this Rosso Corsa F1:
https://bicestersportscars.co.uk/car-sales/2005-fe...

The advert is short but does imply quite a good history file with recent clutch, belts, and major service which is all very appealing.

I could get a £60k car now. I'd need to save for another 9 or so months to get a £70k car - but who knows where values will be by then.

While they have been cheaper in the past, I still reckon a 360 is a bit of a bargain at the moment in comparison to the marque's other models.



MDL111

7,171 posts

184 months

Saturday 25th March 2023
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I can’t comment on the 360 from personal experience, but have had a 355 and still own a 430

The 355 cost c 25-30k in repairs and servicing over 2.5 years and c 20k miles - I did buy it for 33k though at the time and it needed some stuff like manifolds that can be avoided by buying a car that had them done already

The 430 cost a lot, I think 30-40k over the last 5 years (that I clouded stupid things like a new windshield for 6k though). Also needed manifolds, exhaust twice and some other stuff. I did track that one a little though, so that increased wear and tear (no brake discs though, just pads)

Generally speaking 10k slush is enough IMO, you have to be unlucky to use that l, but it can happen on older Ferraris
Personally I would definitely go manual, increases the enjoyment a lot for road driving in my view.

I would get a good geo done as a first step (my Scuderia is on +\- challenge geo and it makes the car a lot more responsive and significantly improves cornering at speed
)
I would get the challenge grill for cooling (and looks), from memory relatively cheap and easy to retrofit

Personally think the coupes - especially with challenge bumpers) look a lot better than the convertibles
The 360 is one of the best sounding Ferraris IMO, especially with a capristo

I think the looks have aged really well, much prefer it to the 430

The 355 is one of the prettiest ever IMO and not much slower than the 360, but they will cost more to run - engine out service is painful at current labour rates and I am not sure how good parts availability is nowadays (I owned mine more than 10 years ago) - so that’s something to keep in mind

If you get a 360 F1 I think there is a way to get the challenge shift module to make the shifting snappier (or at least I think I read that on here at some point). I had a 430 Challenge and even on that the F1 shift was slow, not an issue per se but something to be aware of

I would change the tyres to a Cup 2 or possibly a P Zero Corsa if you want to keep Pirellis - the Rossos a not a great tyre for spirited driving IMO

tomtom

4,225 posts

237 months

Saturday 25th March 2023
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ISTR the challenge grilles are hard to find OEM now. I bought one from prosport for my 355 and unless you're super-concours-anal you won't tell the difference.

https://www.prosport-ferrari.com/aftermarket-ferra...

Easy DIY job

Gibbo205

3,572 posts

214 months

Saturday 25th March 2023
quotequote all
TREMAiNE said:
Really appreciate your response, thank you - I will, of course, go in with my eyes wide open but it's nice to know that in principle, I'll have enough money set aside for the sort of issues that may crop up.

Gibbo205 many thanks for your lengthy reply (and good luck, in your search, too)...

I was expecting to be paying nearer the £70k mark for one but you've put my mind at rest that those in the £50-70k bracket are good cars. I'd written them off in my mind assuming they'd all be dogs - although appreciate some still will be.

For the sake of £5k, I'd rather move into a manual but seeing the current trend of there being £10-15k premiums over the F1 is rather off-putting. Will it be the better drive? Sure. Will it be £15k better? I'm not so sure.

I'm happy to buy an example with 30-50k miles on it, anything more than that becomes a bit more worrying, and I don't like the idea of a high number of owners although may not be able to avoid that. I'm not buying the car as an investment - happy to take a financial hit on it during ownership and want I car that isn't so nice I'm afraid to use it.

I've seen the Azzuro California Blue manual example you mentioned for 28k on the clock up for £60k - it seems cheap compared to other listings. I'd strongly consider an example in this colour, it looks ace. Although I did think the seats looked especially worn for the low mileage and was worried the car may have been clocked. It also only has 13 stamps which I didn't like.

Though an F1, I am liking the look of this Rosso Corsa F1:
https://bicestersportscars.co.uk/car-sales/2005-fe...

The advert is short but does imply quite a good history file with recent clutch, belts, and major service which is all very appealing.

I could get a £60k car now. I'd need to save for another 9 or so months to get a £70k car - but who knows where values will be by then.

While they have been cheaper in the past, I still reckon a 360 is a bit of a bargain at the moment in comparison to the marque's other models.
This is a mates car:

https://www.pistonheads.com/buy/listing/14404873


I’ve been somewhat tempted as I know it is a superb example and he has hinted to me a deal could be done but I think I prefer the coupe still for a manual low miles Spider it’s well priced and I’m sure he would knock some money off as he has had it advertised for a while now.

Market seems slow in general even for fairer priced cars so like I say it’s a buyers market and though neither of us are buying as investment we still don’t want to be over paying by 10k.

Be patient and don’t let FOMO take over as 360 was made in large numbers and there is also a lot of manuals about too.

blueg33

38,527 posts

231 months

Sunday 26th March 2023
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tomtom said:
ISTR the challenge grilles are hard to find OEM now. I bought one from prosport for my 355 and unless you're super-concours-anal you won't tell the difference.

https://www.prosport-ferrari.com/aftermarket-ferra...

Easy DIY job
Most don't have the aluminium challenge grille, most have a steel look alike.

As you say, easy enough to do. I took mine off to have it repainted, the secret is to mask the body paintwork so you don’t scratch it when refitting.

Here is mine in process



Op. Don't write off an F1, it takes some getting used to but is superb on the open road. I had mine mapped to the CS gearchange map.

Listen for transmission whine, it can indicate engine mounts need replacing, and 3rd/4th sychros can be crunchy, I had mine replaced under warranty

Edited by blueg33 on Sunday 26th March 10:56


Edited by blueg33 on Sunday 26th March 11:00

Mark_Blanchard

861 posts

262 months

Monday 27th March 2023
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The 360 is a great car. I’ve got an F1 and it’s been as good as gold. It’s been the most reliable car I’ve owned. The F1 is fine once you get used to it and can save you £15k off the price of a manual. Though if you have the budget for a manual go for it.

Armitage.Shanks

2,441 posts

92 months

Wednesday 29th March 2023
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So, how many years have Motorhub had this one up for sale? https://www.ebay.co.uk/itm/285026216673?hash=item4...

I've an interest in a manual coupe but they're scarce whereas spiders are more widely available although many have been around for many months. I'd have to be reassured by the soft top as it looks very flimsy and seems to crease easy questioning how long they last?

I'm torn between going for a California or taking the classic 360 option.

Kyodo

733 posts

131 months

Wednesday 29th March 2023
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Armitage.Shanks said:
...I'm torn between going for a California or taking the classic 360 option.
For eight years we had a lovely 360 Modena F1 and swapped it two years ago for an early California. Both great and the choice came down to our usage requirements. Where I'm based in the south east, the 360 was utterly wasted on our crap and congested roads. In Europe though when released onto open roads it was sublime. You won't go far wrong with either model smile

renmure

4,439 posts

231 months

Wednesday 29th March 2023
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I've had my manual 360 Spider since 2009. Bought from the original owner at 3k miles and now at a lofty, err, 18k miles, which is obviously a bit embarrassing. It's been serviced every year irrespective of the mileage and I've had no issues whatsoever with the car. I know that "avoid garage queens with low miles" is a common theme but clearly that's a bit sweeping.

I had a manual F355 before it and always had in the back of my mind that it might be a bit fragile. Every little unexpected noise gave me the wobbles. I felt a wee bit brave and edgy having one. The 360 feels like the total opposite, solid, (relatively) modern, reliable and confidently useable.

The manual box is great. It was always in my mental picture of a red / cream Ferrari to have one. Similarly I think the Challenge grills on the front and rear add a lot to the looks.

jtremlett

1,437 posts

229 months

Wednesday 29th March 2023
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Armitage.Shanks said:
So, how many years have Motorhub had this one up for sale? https://www.ebay.co.uk/itm/285026216673?hash=item4... ...
First listed at the beginning of May 2017. Do I get a prize?

Armitage.Shanks

2,441 posts

92 months

Wednesday 29th March 2023
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jtremlett said:
Armitage.Shanks said:
So, how many years have Motorhub had this one up for sale? https://www.ebay.co.uk/itm/285026216673?hash=item4... ...
First listed at the beginning of May 2017. Do I get a prize?
biggrin Well done you win a coconut. I went to that dealership once, never again although the multi-storey car park 'showroom' is a novel idea.

The two spiders (or at least the black one) have been at The Supercar Rooms for a long time despite from the pictures they look good cars?

Can owners advise how good the cloth roof is on these? It looks the Italian equivalent of the 987 Boxster Spyder effort.

blueg33

38,527 posts

231 months

Thursday 30th March 2023
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I can add a bit more about my 360 experience as I have a few minutes today

Firstly I think they are great cars, not quite a good feel as my Evoras but good enough, an awesome engine that makes the hairs on the back of your neck stand up and they are just about quick enough. They are a sense of occasion at any time in any colour.

I would suggest that you buy very carefully, I bought mine from an independent dealer who gave me a 12 month warranty that covered everything, and they dealt with everything on my list before i picked it up. The cars are 2o plus years old and can have issues. The list on mine done before pick up or under warranty, included:

New aircon compressor
New exhaust (white dust in the engine bay)
Windows realigned
Speedo fixed
Belts
Synchro on 2/3rd rebuilt
New cat ecu's
Checked for failed gearbox heat exchanger
Faulty door mirror fixed
plus many other small things eg upgraded F1 relay

In the 2 years I have owned it
New headliner (the foam breaks down over time £250
Service £600 at AV engineering
New front undertray £300
Engine mounts (missed by me, picked up by AV)
New bushes (a wear item)
Total 2 year service costs circa £4000

I would advise if you cant get a a warranty get someone like AV to look over the car. Mine has a few more niggles that are not important but will be fixed over time and I have those planned out with AV.

My car is used most of the year except winter. It has done long road trips and hit 170mph on an autobahn which IMO is good for a 20 year old car, It drives very well, is taut (now it has new bushes), has a little wear on the drivers seat and obviously the interior is not like new (car has done 45k miles)

I like it enough that I have decided to cancel my Emira order as aside from touch screens the Emira doesn't offer a lot more. If I replace the 360 it will likely be a Mclaren or a 458 maybe a late Gallardo or early Huracan. My car is an F1 and I hate it in a traffic jam but love it on the open road, I wouldn't let an F1 box put you off, its part of the character of the car and set up well or with a CS TCU is very good.

I also find Ferrari look after me. I am about the 8th owner of the car, I bought it from and indy and get it serviced at another indy, nevertheless, Ferrari give me free breakdown cover, invite me to events including expenses paid trips to try new cars in Italy and others in the UK. I have driven an F8 Tributo on the track and road, the Roma and the SF90 all courtesy of Ferrari. F8 Trib is the car I really want but am sadly too poor.

Some gratuitous pics ( I went for a non red car, as for me red is too obvious, but I admit the interior crema with black daytona seats played a part)









Edited by blueg33 on Thursday 30th March 10:13

davidexige

512 posts

213 months

Friday 31st March 2023
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If you do purchase a car your eventually going to end up with a check engine light at some point, the problem with a 360 is it has two engine ECU’s and a lot of the OBD2 readers can only connect to one of them, so dependant on which ECU the fault is stored on you might not be able to access it, after a recommendation over on club scuderia I end ended up buying a ELM327 OBD2 Wi-Fi adaptor, think they’re only about £10 and used this with the EOBD Facile App, works well and can connect to both ECU’s, I used it to trace a problem when I had a misfire, turned out to be a coil pack, I also ran sports cats which would very occasionally throw a CEL light, so handy for resetting that.

blueg33

38,527 posts

231 months

Friday 31st March 2023
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davidexige said:
If you do purchase a car your eventually going to end up with a check engine light at some point, the problem with a 360 is it has two engine ECU’s and a lot of the OBD2 readers can only connect to one of them, so dependant on which ECU the fault is stored on you might not be able to access it, after a recommendation over on club scuderia I end ended up buying a ELM327 OBD2 Wi-Fi adaptor, think they’re only about £10 and used this with the EOBD Facile App, works well and can connect to both ECU’s, I used it to trace a problem when I had a misfire, turned out to be a coil pack, I also ran sports cats which would very occasionally throw a CEL light, so handy for resetting that.
Sometimes going over a bump at the same time as changing gear can cause the knock sensor to flag a fault putting the car in limp mode. OBDII reader is very useful then!