spotted a 360 modena, pricing help - Ferrari Life
 
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post #1 of 17 Old 02-08-2013, 08:13 AM Thread Starter
 
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spotted a 360 modena, pricing help

hey there, im new on the forum, and want to have my first ferrari experience ripoff-free.

well i came across a local used car dealer and the 360 sat next to a bentley.

it has exactly 6770 miles on it and it is a 2003. It has recently been serviced at a ferrari dealer for all the timing belt and oil stuff and also has tubi exhaust recently installed ( with service records, of course)

the dealer offered $96,999 after some negotiation and my initial offer is about $88,000.

what would you pay for this car? it is a fair price for $96,999?
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post #2 of 17 Old 02-08-2013, 08:38 AM
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Bing,

Welcome to the forum.

Generally, a car with less than 1-K miles will demand a premium over average market. However, that assumes the PPI is spotless and the routine/yearly maintenance has been done. As for the particular car you're looking at, there's too few details. Is it resale red or sale-proof green? What options does it have? F1 or stick? Etc.

I suggest you read the Buyers Guide and consult the Ferrari Market Letter for comps. That will give you a better idea of what the current market is.

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post #3 of 17 Old 02-08-2013, 08:51 AM
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Agreed with David. We need a lot more details before we can comment on the "fainess" of the deal, which of course will be subjective.
Do you have a link you can post?
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post #4 of 17 Old 02-08-2013, 09:01 AM Thread Starter
 
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Hi thank you for the quick response

it is a stickshift, which I like.

As I read through the carfax report, it has 2 previous owners and the record is spotless. It also has 10 years of service records. I am getting the PPI done next week and let's assume the leakdown and compression tests are good.

it has leather rear shelf and full power seats.

and sorry for my non-native speaker English, what is "resale red or sale-proof green"??

again, i appreciate your input

Quote:
Originally Posted by Killer58 View Post
Bing,

Welcome to the forum.

Generally, a car with less than 1-K miles will demand a premium over average market. However, that assumes the PPI is spotless and the routine/yearly maintenance has been done. As for the particular car you're looking at, there's too few details. Is it resale red or sale-proof green? What options does it have? F1 or stick? Etc.

I suggest you read the Buyers Guide and consult the Ferrari Market Letter for comps. That will give you a better idea of what the current market is.
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post #5 of 17 Old 02-08-2013, 09:02 AM Thread Starter
 
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it is not listed online, just a local deal. as far as i know it is fully loaded with every option, it even has the modular wheels.



Quote:
Originally Posted by IDriveM5 View Post
Agreed with David. We need a lot more details before we can comment on the "fainess" of the deal, which of course will be subjective.
Do you have a link you can post?
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post #6 of 17 Old 02-08-2013, 09:26 AM
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Quote:
Originally Posted by tian2bing View Post
it is not listed online, just a local deal. as far as i know it is fully loaded with every option, it even has the modular wheels.
85k to 88k depending on the condition of the paint and a ppi.

You are right in the ballpark with your offer.

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post #7 of 17 Old 02-08-2013, 09:29 AM
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Hi tian2bing,

Welcome to the forum. From what you told us, $96k is way too much. Even for the miles, I'd say $90k seems like the highest you should be paying, at least what I've seen in my recent searches

Good luck

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post #8 of 17 Old 02-08-2013, 09:36 AM
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Bing,

The vast majority of people want Red, particularly for their first Ferrari. Thus, resale value for red cars is typically higher. Green ones are very difficult to sell. One saying says; if you buy a green Ferrari, make sure it's one you want to keep forever...

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post #9 of 17 Old 02-08-2013, 12:48 PM Thread Starter
 
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some new twist

well the dealer said the tubi exhaust is for show only, if i buy the car, they'll replace it with stock exhausts

that's a little shady isn't it?

Quote:
Originally Posted by Killer58 View Post
Bing,

The vast majority of people want Red, particularly for their first Ferrari. Thus, resale value for red cars is typically higher. Green ones are very difficult to sell. One saying says; if you buy a green Ferrari, make sure it's one you want to keep forever...
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post #10 of 17 Old 02-08-2013, 02:07 PM
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Quote:
Originally Posted by tian2bing View Post
well the dealer said the tubi exhaust is for show only, if i buy the car, they'll replace it with stock exhausts

that's a little shady isn't it?
Not really....some dealers may even give you the exhaust, or aftermarket rims, for a cost. See it all the time.

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post #11 of 17 Old 02-08-2013, 08:21 PM
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Quote:
Originally Posted by tian2bing View Post
well the dealer said the tubi exhaust is for show only, if i buy the car, they'll replace it with stock exhausts

that's a little shady isn't it?
You can get used Tubi's on Ebay cheap. Sounds good with a Tubi, but originally it is a close to $5000 dollar muffler / exhaust.

You can easily find a car with one in it, where the dealer won't pull that BS. I have heard of Dealers offering two sets of wheels, but never 2 different exhausts.

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post #12 of 17 Old 02-10-2013, 07:05 PM
 
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pull the exhaust????

Uh...if they are going to replace the exhaust, you better hold on to your money and hold off on PPI until they replace the exhaust at their own expense. THEN and only then would i pay for a PPI. Otherwise, they should pay the fees for your PPI outfit to make sure seller installed the OEM exhaust properly. Basically, i think it's easier to negotiate with seller for the car the way it is. BTW i also agree that the car is overpriced esp. if they are not including the Tubi. You should research the Tubi system a little more. My local tubi dealer says that it's a 2 part system consisting of the tubi headers (i think) and the muffler. So have your inspector confirm how much of the tubi system is installed. good luck! I'll go out on a limb and say that if the car was perfect with complete tubi and Fr&Rr challenge grills, i'd pay 92.5K and call it a day.
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post #13 of 17 Old 02-11-2013, 03:10 AM
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Sounds to me like they may be maneuvering a little bit given your offer. Generally sounds like a very good car given the information. I definitely would NOT have a PPI done on a car that is not in its "deliverable" state. Given the value of an aftermarket Tubi exhaust I would agree that 90k would be the absolute max. There are too many good examples of 360's out there (even with Tubi). A 10k premium for this car is not warranted IMHO.
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post #14 of 17 Old 02-16-2013, 01:50 PM
 
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2003 modena $64,000 or offer even less-miami

Hi guys

a 2003 all black modena---8,000 miles
call (866) 826-5787
miami----

-check on craigslist in miami florida
i would offered 60 grand
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post #15 of 17 Old 02-16-2013, 06:47 PM
 
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wow!

Krome,

I'd be careful on that one. sounds too good to be true. If PPI came back clean, that would be quite a deal!
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post #16 of 17 Old 02-17-2013, 03:57 AM
 
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Nothing wrong with these 360's

Tons of 360's up for sale in-------- craigslist----cars.com------look yourself
the market stinks------------not many buyers---out there

cars for sale.com------tons of 360's------------on e-bay------also

check these out-----even ---mondial's cheap

now is the time to buy ------360's-----name your price
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post #17 of 17 Old 02-17-2013, 07:17 AM Thread Starter
 
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fantastic , guys, great info!
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