First Ferrari. What's up with the rims? - Ferrari Life
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post #1 of 24 Old 09-10-2011, 08:04 AM Thread Starter
 
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First Ferrari. What's up with the rims?

Just traded this foer my 2001 Z06 that was 625 RWHP. On the bottle. 510 at the wheels on the motor. Basically a 20k Car.

The car is a 97 with 26k. New rubber and runs great. Now for the bad. Small scratch on the hood and driver side seat will move back but not forward. I hear the clicking on the toggle back but nothing forward. Think that has to be working to get the top down.

I can't afford to drive this car so I am turning it after a few thing get fixed.

Is 40k out of reach on this car?
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post #2 of 24 Old 09-10-2011, 08:24 AM
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Welcome.
Those are speedline wheels. Some folks seem to think that they were a dealer option for the 355, but I don't happen to agree. While some folks like them, I thinkthe OEM wheels look much better.
I've never owned a convertible 355, but I'd guess that seat problem will keep the top from going down.
Are you trying to flip the car for profit? When was the major?
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post #3 of 24 Old 09-10-2011, 08:32 AM Thread Starter
 
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Quote:
Originally Posted by 355dreamer View Post
Welcome.
Those are speedline wheels. Some folks seem to think that they were a dealer option for the 355, but I don't happen to agree. While some folks like them, I thinkthe OEM wheels look much better.
I've never owned a convertible 355, but I'd guess that seat problem will keep the top from going down.
Are you trying to flip the car for profit? When was the major?

No idea if it was done. I can say there are no leaks and from what I have read the belt swap is about a 6 hour job on a lift. I have a very strong mechanical background. So I will do the belt swap and tensioner myself. Then on the other hand I read it was good to 52500 mile.

My goal is to get 40k out of it.
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post #4 of 24 Old 09-10-2011, 09:21 AM
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Good luck.

Somehow, I don't think that this thread is serious.
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post #5 of 24 Old 09-10-2011, 09:39 AM
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major 355

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Originally Posted by 355dreamer View Post
Good luck.

Somehow, I don't think that this thread is serious.
I agree....totally BS. Good luck on engine-in 6 hour belt swap for someone that never did one

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Last edited by bst1; 09-10-2011 at 11:30 AM.
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post #6 of 24 Old 09-10-2011, 09:58 AM
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if by get 40k out of it you mean can you sell it for 40k, i would say yes. if you mean you have 20k in it, no. I don't think you will get 60k for that car. Specially if you have to put more money into it. If you only have 20k in it like your op suggests, don't think you will get hurt, but making 40k on swapping a 355 spider would make you a genius. Probably not gonna happen. on the bright side, a scratched hood and a problem seat are probably pretty cheap and easy fixes. I wouldn't do the major i would sell it as is. won't get your return on investment. Specially if you do it yourself..



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post #7 of 24 Old 09-10-2011, 02:16 PM Thread Starter
 
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I want to double my money. Trying to trade up to a c6 z
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post #8 of 24 Old 09-10-2011, 03:04 PM
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A 97 355 Spider with 26k miles for $20,000? Even if the car needs serciving and some other maintenance items, if this is on the up and up, the OP should be able to flip the car without having to do anything and turn a tidy profit. Call me skeptical.
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post #9 of 24 Old 09-10-2011, 03:31 PM
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Originally Posted by Corvette0096 View Post
I want to double my money.
If only investing were so easy. Let alone in Ferrari's.

Without knowing the history of the car or whether it's had a major, you might get $40K, I suspect not. There's too many of them for sale with a major and papers. Then again, you never know...

If someone traded you straight up for a $20K Vet, there's probably a reason. I'll bet money you'll find a few more surprises once you dig into it.

Six hours for an engine out by someone with a "strong mechanical background" but no experience? Impossible. Or did you mean six DAYS?

Welcome to the forum and good luck whichever way you go.

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post #10 of 24 Old 09-10-2011, 04:48 PM Thread Starter
 
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Did you guys read on the forum about someone doing the belt swap in car? No special tools just drop the fuel tank to get to the timming cover. Anyone try this way?
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post #11 of 24 Old 09-10-2011, 05:01 PM
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This guy is a troll.
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post #12 of 24 Old 09-10-2011, 05:35 PM Thread Starter
 
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Thanks
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post #13 of 24 Old 09-11-2011, 03:31 AM
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355

Quote:
Originally Posted by Corvette0096 View Post
Did you guys read on the forum about someone doing the belt swap in car? No special tools just drop the fuel tank to get to the timming cover. Anyone try this way?
The fuel tank is not located there. Troll.

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post #14 of 24 Old 09-11-2011, 04:19 AM Thread Starter
 
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Boy you guys are great
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post #15 of 24 Old 09-11-2011, 06:12 AM
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corvette, it is difficult for an experienced mechanic with all the right tools to do. like i said above, you probably won't get enough of a bump by doing a service yourself. Most people that buy these cars are anal about the research and details. They will not be impressed with a homeowner service and would be much happier to buy the car cheaper and have a trained mechanic do it. Just saying. A ferrari is not a corvette and the buyers are generally very different. If you were keeping the car and doing it for yourself i might say go for it. Best to just fix the cosmetics and flip it. Not sure why you are so interested in doing a major on it. if all you are doing is trying to double 20k, just flip it for $40-45k and be out.



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post #16 of 24 Old 09-11-2011, 07:22 AM Thread Starter
 
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Wetpet thanks for the kindness. I will do just that. The car is a blast to drive and to be honest I cant afford to keep a car like this. Does farrari keep records of the work that has been done to these cars in the ferrari system? Again wetpet thanks again for not down talking me. I was amazed of the insults that I recieved.
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post #17 of 24 Old 09-11-2011, 07:44 AM
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no problem. dreamer's kids kept him up all night so he is grouchy. pay him no mind. Love to hear what you got for it when it sells. How do you like my avatar. that's what ferrari owners do to corvettes!



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post #18 of 24 Old 09-11-2011, 08:31 AM
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Does farrari keep records of the work that has been done to these cars in the ferrari system?
They keep records but only if a dealer did the work. With a car that old, chances are the owner had the work done by an independant. If there is no record of the major being done, buyers will assume it wasn't, and adjust their offer accordingly.

You're taking a big gamble by doing a major. A car with no history at all is most likely to have needs beyond the major. You could get into the car and easily find $15K or more of work that is needed, thereby ending your profit goal. I second what Wetpet says; detail it and be done with it.

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post #19 of 24 Old 09-11-2011, 08:37 AM Thread Starter
 
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The vette that im trading is a 418 stroker puts down 525 at the tires then 625 with the nos. think if the vette was stock it would be a closer race. Here comes the lynch mob!
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post #20 of 24 Old 09-11-2011, 08:44 AM
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So are you saying you just purchased this car for 20k? Where did you get it? Do you have any more pictures?
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