Join Date: Jul 2009
Location: Just outside Atlanta, Georgia
Ferrari Life Posts: 19
Ahh, the low miles conundrum...
I once had a HIGH mile Porsche (at the time I just wanted THAT car sans my good judgment) so I bought it. Good news, that was an infallible car! NOTHING went wrong, NOTHING and I drove that car quite a lot and hard. That all said, all of the "bugs" were fixed by the previous owner. He put enough miles on it to break or wear out all of the subpar parts and he experienced the headaches. I drove it without expense.
Most notably was the lack of hydraulic, coolant, oil, tranny fluid leaks. I am convinced the high miles were the saving grace as many low mile examples left puddles wherever left for a brief park.
We are carful to offer too much buying advice here at the Ferrari Market Letter. We stand behind facts like the vehicle's history and maintenance records. However, I tell guys NOT to buy the lowest mile example, same for the highest mile one... Find your car in the middle if you want a car to enjoy.
As far as collectability, DON'T buy a 360 for that! The late models are not going to yield that investment potential, they're just not. You've got to study our Asking Price Index to see where the investment trends are. We put these together twice monthly for our subscribers (you'll notice current production models are excluded)...