Discussion
Hello all, I’m looking at potential Ferrari 360 as my first super car. I’m new to Ferrari but come from Maserati & Aston Martin.
Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
It could be that the vendor of the more expensive car simply thinks his car is worth that much more and/or the cheaper car owner is more motivated to sell for example as both will be SOR - the more expensive car may have a more complete history or it could simply be the premium for not buying a car with 50000 miles (until you start using it.....) - I think I'd rather a car with 2500 miles per year than 1000
Edited by johnnyreggae on Thursday 29th August 07:46
polar944 said:
Hello all, I’m looking at potential Ferrari 360 as my first super car. I’m new to Ferrari but come from Maserati & Aston Martin.
Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
From memory (when I viewed cars there) literally all of their cars are sale or return. As Johnny suggests some of this will be driven by what the owner expects to receive for the car. Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
They are mileage sensitive, however a complete history tends to make up for this. There was a thread on here regarding the car from the YouTube channel “SeenThroughGlass” which had something like 60k miles, but had an extensive service record and went for decent money.
They are also colour sensitive… the red cars tend to sell more easily than the other colours as that is the colour most people buying into the brand associate with the cars. Especially from this era.
General rule of thumb in Europe is 10,000km difference in mileage = €10k difference in price for two otherwise identical cars. I suspect something similar applies in the UK. The mileage premium/discount tends to diminish as cars age and since 360s are all 20-25 years old now, the best advice is to buy on condition and not mileage but be mindful of the perceived effect mileage will have on price/value and use it to your advantage.
Ferraris are more mileage sensitive than Aston, Porsche or Maserati.
Ferraris are more mileage sensitive than Aston, Porsche or Maserati.
polar944 said:
Hello all, I’m looking at potential Ferrari 360 as my first super car. I’m new to Ferrari but come from Maserati & Aston Martin.
Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
Hi, what you didn’t say is whether you are after Coupé, Spider, F1 or Manual. These are also quite big in factoring what cars will cost, for years the rule of thumb has been paying a premium for a manual coupe, as many have said before colour also plays its part in desirability.Prices seem wildly different for same spec/condition cars. Mileage seems to be a massive driver.
For example 2 cars, same spec, year, colour etc at Kent high performance cars, £10k difference between them. The more expensive one has 20k less miles.
Does mileage drive the pricing that much or am I naïve & missing things.
Any help appreciated. Thanks.
I bought one last year, and my criteria was in this order:
Condition/history
Coupe only
Manual only
Mileage
Colour (not black or silver)
No of Owners
It would also help if you can try and source a car which has had the following done
Ball joints
Clutch (even more critical if it’s F1 box your after)
Timing belts
If you want any further Info or if I can help with any queries pm me.
Good luck.
andyman_2006 said:
Hi, what you didn’t say is whether you are after Coupé, Spider, F1 or Manual. These are also quite big in factoring what cars will cost, for years the rule of thumb has been paying a premium for a manual coupe, as many have said before colour also plays its part in desirability.
It was pretty obvious from KHPC's stock list that both cars he was comparing were red F1 coupe.Yep, mileage is a massive factor with Ferraris. That's fine by me. I'm much happier buying a higher mileage car that's been used and parts have been replaced rather than everything being original and the rubber bits are all perished because it has 1 mile on the clock. Or have Ferrari mastered the art of avoiding perishing rubber and in fact spent so long on this part that they forgot the sticky plastic bits in the 360? 
I was tempted by this gem https://www.autotrader.co.uk/car-details/202408152... so checked the ULEZ thing. I don't fancy giving Kahn free money every time I take it for a drive.
I was tempted by this gem https://www.autotrader.co.uk/car-details/202408152... so checked the ULEZ thing. I don't fancy giving Kahn free money every time I take it for a drive.
Looks from the photos that the lower priced one will need some attention to the dash covering over the airbag.
When I was looking for a 360 Spider about 15 years ago I made the 400 mile trip to KHPC because they had 5 for sale at the time and it was the best opportunity I'd get to see so many in one place. It was my 1st experience of SOR cars. Some were presented immaculately and others less so, although it was understood that anything and everything would and could be done as part of the sale and depending on the agreed price. I was a bit less comfortable with that than I would be now as I just wanted to compare apples with apples but it was still helpful to see so many at once.
Anyhow, I bought a low mileage one elsewhere and embarrassingly averaged only 1000 miles a year for 15 years. Sold it 2 months ago with less that 20k on the clock and I think there was a premium in the sale price of about £10k over other advertised cars at the time which probably reflected the low miles. It did have a full and comprehensive SH with all the bills and paperwork from new but every seller says similar.
Upkeep, servicing, insurance, maintenance etc were all reasonable. My only big, unexpected, bill related to a clutch issue last year and added about £6k to the service bill for that year but that really was a one-off and probably made for an easier sale as the car came with a new clutch.
When I was looking for a 360 Spider about 15 years ago I made the 400 mile trip to KHPC because they had 5 for sale at the time and it was the best opportunity I'd get to see so many in one place. It was my 1st experience of SOR cars. Some were presented immaculately and others less so, although it was understood that anything and everything would and could be done as part of the sale and depending on the agreed price. I was a bit less comfortable with that than I would be now as I just wanted to compare apples with apples but it was still helpful to see so many at once.
Anyhow, I bought a low mileage one elsewhere and embarrassingly averaged only 1000 miles a year for 15 years. Sold it 2 months ago with less that 20k on the clock and I think there was a premium in the sale price of about £10k over other advertised cars at the time which probably reflected the low miles. It did have a full and comprehensive SH with all the bills and paperwork from new but every seller says similar.
Upkeep, servicing, insurance, maintenance etc were all reasonable. My only big, unexpected, bill related to a clutch issue last year and added about £6k to the service bill for that year but that really was a one-off and probably made for an easier sale as the car came with a new clutch.
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