360 Opinion on a 360 Coupe link included - Ferrari Life
 
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post #1 of 5 Old 01-05-2013, 04:46 PM Thread Starter
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Opinion on a 360 Coupe link included

Hello everyone, this is my first post here. My name is Andy and I live in northern Alberta, Canada (closest city is Edmonton). I am an active car enthusiast, mainly in classic American cars. Last year, I purchased a 2000 Viper GTS to add to the collection, and have taken a keen interest in Italian and British cars in the last year or so. I've educated myself on the purchase of 355 and 360 cars, and have decided on a 360 Modena coupe manual as it appears to be a reliable and relatively manageable car in terms of the economics of ownership. I've been interested in this car from Richmond, BC:



2000 Ferrari 360 - - British Columbia Cars For Sale - Kijiji British Columbia Canada.

2000 360 Modena coupe, 22,000 miles, manual six speed.

ZFFYU51A6Y01211320

Now I know this car breaks all the rules of smart buying: American import, no service records, not from a Ferrari dealership. However, Ferrari of Vancouver did an inspection and it needs the following: Major engine service (belts) front tie rods Unknown clutch condition ( but feels very good) Tires needed soon Leak on a power steering pump hose

The dealership is a five star chrysler dealer, which means overall honest dealing, however they do not know much about the car and what Ferrari ownership entails. I've budgeting about $14,000 worst case scenario, which would put me at shy of$80,000 cost. It could be as cheap as $74,000 if I get lucky.

Can some of you 360 experts please give me an honest opinion of this car, and deal overall? I'm comfotable financially however I always keep track of my fun expenses. Is this car worth taking a chsance on? Keep in mind that due to my location options are scarce. Any ownership history that anyone can fill me in on. Thanks in advnace.

Andy
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post #2 of 5 Old 01-05-2013, 09:19 PM
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Andy- Welcome to Ferrari Life. Unfortunately, way too tough to make a judgement with just a few low res photographs and limited information. If you do indeed have to spend upwards of $10K on the car, it does not appear to be too good a deal. There are many no stories cars out there for not much more money. If Ferrari of Vancouver will do a PPI for you and give you an estimate of how much work she needs and what their overall opinion of the car is, you will have a much better idea of how good a deal she is.

Always difficult to make a long distance evalution on a car that is 13 model years old. Maybe some of the 360 owners can chime in with more educated opinions.

Taz
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post #3 of 5 Old 01-05-2013, 10:34 PM Thread Starter
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Thanks for the welcome reply Taz. As I said the PPI came back decent. It is a two owner car with a clean carfax. Since I live so remote almost any deal will be a long distance deal. The sales team has been very good at the Richmond Chrysler dealership so they're giving me time to think about it. They've offered the car to me at $66,000 including shipping to an Alberta dealership and a provincial inspection. The owner of the dealership has put on the last 2000 miles.

My apologies for the poor grammer in the first post l'm getting used to a new tablet and its not working out yet!
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post #4 of 5 Old 01-06-2013, 08:37 AM
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Andy,
You really have to ask yourself why and how a two-owner Ferrari ended up at a Chrysler dealer. There may be a very logical reason, but due dillegence is a must with these cars. To that end, these cars need to be evaluated by people that know them. Although that doesn't mean it has to be a Ferrari dealer per se. Whatever the Chrysler dealership told you is interesting, but of very little use.

As Taz mentions, there are plenty of 360s on the market. Seventy four should get you a no-needs car, eighty a mint one. On the face of it, I wouldn't call $74K for that car "lucky."

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post #5 of 5 Old 01-06-2013, 08:49 AM
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Andy- Did not realize FV had done a full PPI. Who will do the work if you do buy the car? She sounds better with the PPI. You may be better off having the work done before she shows up in the sticks unless there is a good dealer or independent near you.

The three pedal configuration means you will not be too dependent on an SD2 for service, so most competent mechanics should be able to do the routine maintenance she will require if you provide technical data. The only thing I would worry about is the belt change every three years. That is something you want a specialist to do.

You can download owners manuals and all kinds of service data, including a workshop manual, at ferraridatabase.com. Parts manuals are online at ricambiamerica.com.

US and Canadian 360s were almost identical except for English and metric gauges.

Taz
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Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

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