Need help valuing a Ferrari 360 kit car

Need help valuing a Ferrari 360 kit car

Author
Discussion

justguess

Original Poster:

3 posts

97 months

Monday 10th October 2016
quotequote all
Hi Guys

Just after a bit of advice on the value of this car, not sure it is worth the price it is listed for:

http://www.ebay.co.uk/itm/Ferrari-360-Spider-Kit-c...

Any advice would be greatly appreciated

Cheers

threespires

4,359 posts

218 months

Monday 10th October 2016
quotequote all
Cat D, price reduced. Is there any more to say.

vx220

2,700 posts

241 months

Monday 10th October 2016
quotequote all
Having seen a few replicas, and having owned two mkiii MR2s, my feeling is just buy a nice MR2 for less than a third of that price.

Lovely cars to drive, but the engine sound won't ever sound anything like a Ferrari, whatever you do to the exhaust (maybe a V6 conversion will help a bit but would probably take another £9k on top)

Pretty sure you could find many better ways of spending the £6k I helped you save! Just imagine how you'll feel when a spotty 13yr old shouts "that's not a real Ferrari!" at a pedestrian crossing?

vx220

2,700 posts

241 months

Monday 10th October 2016
quotequote all
vx220 said:
Having seen a few replicas, and having owned two mkiii MR2s, my feeling is just buy a nice MR2 for less than a third of that price.

Lovely cars to drive, but the engine sound won't ever sound anything like a Ferrari, whatever you do to the exhaust (maybe a V6 conversion will help a bit but would probably take another £9k on top)

Pretty sure you could find many better ways of spending the £6k I helped you save! Just imagine how you'll feel when a spotty 13yr old shouts "that's not a real Ferrari!" at a pedestrian crossing?
Just had a rethink, and instead of saving the money for other stuff, you could buy an MR2 with an engine failure and send it off for a V6 conversion?

Before buying a mkiii MR2 (Ferrari bodied or not) have a look over on mr2roc to learn about the engine failure stuff

Shoegrip

399 posts

98 months

Monday 10th October 2016
quotequote all
The OP wants help valuing this car. I estimate £4-£5K.

There is a market for this kind of stuff but it's just a body kit on a crashed MR2. It looks pretty so it is worth that kind of money.

It could be improved by removing the Fakarri badges so you could enjoy the pretty shape without the embaresment of being caught out as a faker.

You'd still feel like a bit of a knob if a 360 came in the opposite direction but so what.

I suspect an "innit" may pay more and keep the badges on.

downsman

1,099 posts

163 months

Monday 10th October 2016
quotequote all
I really can't see it being worth more than £5000.

ChocolateFrog

28,698 posts

180 months

Tuesday 11th October 2016
quotequote all
Don't do it, they always look so tragic, however well done they are and if you take it to Italy they'll rightly crush it.

There are so many good options for a 10k budget, a crashed Toyota with fake Ferrari badges is not one of them.

To answer your question it's worth the market rate for a modified Cat D MR2, at best.

Clivew

348 posts

182 months

Wednesday 12th October 2016
quotequote all
It is still registered as a Toyota MR2 which is incorrect. If DVLA pick that up it may well need to pass an IVA test.

Shoegrip

399 posts

98 months

Wednesday 12th October 2016
quotequote all
Clivew said:
It is still registered as a Toyota MR2 which is incorrect. If DVLA pick that up it may well need to pass an IVA test.
Run Forrest, Run.

Happy Jim

1,007 posts

246 months

Wednesday 12th October 2016
quotequote all
Clivew said:
It is still registered as a Toyota MR2 which is incorrect. If DVLA pick that up it may well need to pass an IVA test.
You sure Clive? This is just an MR2 with a new frock, no chopping of chassis/floor pan, no change to mechanicals etc etc. Ergo no requirement for IVA (as far as I understand the rules).

Jim

Clivew

348 posts

182 months

Wednesday 12th October 2016
quotequote all
Happy Jim said:
You sure Clive? This is just an MR2 with a new frock, no chopping of chassis/floor pan, no change to mechanicals etc etc. Ergo no requirement for IVA (as far as I understand the rules).

Jim
According to the DVLA website IVA applies to "Amateur Built Vehicles" and "Rebuilt Vehicles" which I would think would apply in this case.

https://www.gov.uk/vehicle-approval/individual-veh...

https://www.gov.uk/vehicle-registration/rebuilt-ve...

I wouldn't risk it.

ugg10

681 posts

224 months

Wednesday 12th October 2016
quotequote all
As far as I am aware if it is just a panel swap and the main monocoque or chassis has not been modified it does not need an IVA but does need an inspection by the dvla and the description on the log book modifying to represent what the car looks like. I am sure someone much more knoweldgeable than myself will correct me if I am wrong.

Furyblade_Lee

4,112 posts

231 months

Saturday 15th October 2016
quotequote all
Its a bodykit, no structural changes, it does not need an IVA or log book name swap.

gtmdriver

333 posts

180 months

Saturday 15th October 2016
quotequote all
Definitely no IVA needed. Just a body kit on an unmodified chassis.

jeff666

2,353 posts

198 months

Saturday 15th October 2016
quotequote all
ugg10 said:
As far as I am aware if it is just a panel swap and the main monocoque or chassis has not been modified it does not need an IVA but does need an inspection by the dvla and the description on the log book modifying to represent what the car looks like. I am sure someone much more knoweldgeable than myself will correct me if I am wrong.
You are correct.