360 First Time Buyer - Ferrari Life
 
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post #1 of 16 Old 10-24-2011, 01:30 AM Thread Starter
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360 First Time Buyer

Am currently looking for a 360 F1 Spider and have seen 2001-2005's. Most have low milage around 500-1000/year and a couple are in the 40-50,000 miles range. Does anyone have any thoughts as to staying away from the high milage or is it better?
Thanks
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post #2 of 16 Old 10-24-2011, 05:51 AM
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Welcome to the site MB,

With so many low-mileage examples on the market, there's no compelling reason to buy a high-milage one. The money you save on the purchase price would simply be applied to the maintenance and repair bill.

During your search, tie a string around your finger, write a note on your palm, post a stiky note on your PC, however you want to remember it, but know that there are no "cheap" Ferrari's. If there were, everyone would have one.

Your first search action should be to read the Buyer's Guide contained here, and read Sheehan's columns on his web site. While no one can be 100% accurate, he pretty much nails it with his analysis of the 360.

The other valuable piece of advice I got from several members here when I started my search was that, if a $10K price difference (about the spread between high and low-milage cars) was the barrier to entry, then I probably couldn't afford one in the first place.

Good luck on the search and again, welcome.
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post #3 of 16 Old 10-25-2011, 08:09 PM
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Why buy high mileage if you can buy low mileage?
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post #4 of 16 Old 10-25-2011, 09:00 PM
 
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the funny thing is, the "high mileage" price penalty seems to kick in at 10k miles.

so buy one with a shade over 10k miles, not one with 40-50k miles
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post #5 of 16 Old 10-25-2011, 09:02 PM
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I would stay away from a high mileage car also as there are so many with lower mileage.

No need.
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post #6 of 16 Old 10-26-2011, 12:19 AM Thread Starter
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Thanks for the advice...I found a 2002 F1 with 10K miles that I am looking seriously at. It just had its 15K mile service and belt replacement...
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post #7 of 16 Old 10-26-2011, 04:34 AM
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Bingo! Plenty of cars out there withunder 15K. Good luck. And remember, pictures when you get one.
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post #8 of 16 Old 10-26-2011, 12:34 PM
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Quote:
Originally Posted by Killer58 View Post
Bingo! Plenty of cars out there withunder 15K. Good luck. And remember, pictures when you get one.
+1 and welcome to FL

Ferrari's: 360 Modena, 550 Maranello
Ex's: Dino 308 GT4, 612 Scaglietti
The Rest: Rolls Royce Silver Shadow, Porsche 911 2.7s, Porsche 911 3.2 Carerra, Ducati 916... and the Land Rovers
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post #9 of 16 Old 10-27-2011, 06:28 AM
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Garage
Please consider the fact that low mileage garage queens have thier own inherit issues due to lack of use. Such as seals that fail from lack of lubrication. I personally think a vehicle should have at least 2-3k worth of miles for each year since production.
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post #10 of 16 Old 10-27-2011, 11:33 PM Thread Starter
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Thanks to all for the comments.
Well, I made the plunge and pending a good PPI have purchased a 2002 with 10, 500 miles that has just had it's 15K service done. In blue tour de France with tan interior.
Now I have to work on holding my breath till it arrives.
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post #11 of 16 Old 10-28-2011, 03:54 AM
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post #12 of 16 Old 10-28-2011, 01:13 PM
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Max- Sounds like a great car. TdF is a beautiful color and I almost bought a 575M that color.

Please post some photos of your car when you get her.

Taz
Terry Phillips

Present: 575M 135171
Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

Every day I look around, and if nobody is shooting at me, it is a pretty good day.
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post #13 of 16 Old 10-28-2011, 01:20 PM
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That is a great color combo.

Sounds beautiful and do post a few photos when able.
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post #14 of 16 Old 10-29-2011, 12:14 AM
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Quote:
Originally Posted by maxwbrad View Post
Thanks to all for the comments.
Well, I made the plunge and pending a good PPI have purchased a 2002 with 10, 500 miles that has just had it's 15K service done. In blue tour de France with tan interior.
Now I have to work on holding my breath till it arrives.
Congrats. TdF & tan is a great combo. Look forward to the pics.

Ferrari's: 360 Modena, 550 Maranello
Ex's: Dino 308 GT4, 612 Scaglietti
The Rest: Rolls Royce Silver Shadow, Porsche 911 2.7s, Porsche 911 3.2 Carerra, Ducati 916... and the Land Rovers
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post #15 of 16 Old 10-29-2011, 12:24 AM Thread Starter
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Will post some pics as soon as it gets here...should be in about 10 days...just in time to lay it up for winter storage here in NJ.
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post #16 of 16 Old 10-29-2011, 01:09 AM
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Congratulations. Sounds very similar to my ex 360. Terrific car.
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