360 360 buyer question - Ferrari Life
 
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post #1 of 12 Old 07-09-2014, 09:51 PM Thread Starter
 
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360 buyer question

In theory if everything else is equal, would you prefer a 2001 Modena with 15K miles or 2004 Modena with 35K miles (both F1) if you plan on driving 5K miles per year.

I appreciate all the input.

Thank you,
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post #2 of 12 Old 07-09-2014, 10:16 PM
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If the '01 has all the updates as well as the CS TCU, that would be the choice. If not, get the '04.

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Dino
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post #3 of 12 Old 07-10-2014, 12:25 AM
 
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Quote:
Originally Posted by emre View Post
In theory if everything else is equal, would you prefer a 2001 Modena with 15K miles or 2004 Modena with 35K miles (both F1) if you plan on driving 5K miles per year.

I appreciate all the input.

Thank you,

may i ask color / seats / tubi exhaust / front & rear challenge grilles / side shields on each?
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post #4 of 12 Old 07-10-2014, 02:45 AM
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Even a car that just sits deteriorates. And the 360 is a car that gets better the more it's run.
As long as proper maintenance has been done, passes PPI, etc, I'd go with the 2004.

Of all the narcissists I know, I love me the most.
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post #5 of 12 Old 07-10-2014, 04:53 AM
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I agree on the 04 and confirming no deferred maintenance.

But I think I read your concern that with 5k miles per year in three years you'll have a 50k mile 360. Hard to not take a hit on that level on resale. If you're planning short term ownership the 2001 is more fully depreciated but the difference may be small.

Is that your concern? Personally the last iteration with all the updates is where I'd go. But I'm assuming that's why the prices are comparable.

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post #6 of 12 Old 07-10-2014, 01:51 PM Thread Starter
 
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Thank you for the responses. I guess the concern on the '04 is what Scotts mentioned on his reply. If I keep it for 3 to 4 years, it will be a 50K car versus a '01 with still 30K miles on it. On the other hand it is 3 years newer with probably more of the problems ironed out by the factory.
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post #7 of 12 Old 07-10-2014, 05:55 PM
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My guess is that in 3 to 4 years, there won't be much of a difference between those two.

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post #8 of 12 Old 07-10-2014, 08:35 PM
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Why is the choice down to two 360s when there are dozens on the market?

Taz
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post #9 of 12 Old 07-11-2014, 07:41 PM
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Rarely does one propose purchase of a 50k mile fcar on this site. When one does the responses are with an excellent maintenance history and records it doesn't make a difference. I presume your 35 k example meets this requirement. But when you sell, you will give a deep discount because there are a lot of 360s out there.

On the other hand, the. 2001 is more fully depreciated so the miles will impact less.

For me, I would look for an 03/04 with less miles if I were thinking 3 years ownership. Just my preference. Keeping forever, 35k miles would be fine.

Please don't shop by price point. There is no such thing as a cheap Ferrari.



Good luck.

Scotts

I have regretted often, but repented never. Is this a good thing? -Enzo Ferrari
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post #10 of 12 Old 07-15-2014, 09:14 PM Thread Starter
 
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Thanks to everyone for the feedback. I finally found a nice 2013 with low miles and we agreed on the price. Now I have to wait for Thursday to drive couple hours to get it checked and hopefully finalize the transaction. It will be two long days
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post #11 of 12 Old 07-15-2014, 09:53 PM
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Congratulations. Look forward to hearing driving impressions and seeing photos of your 03.

Taz
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Every day I look around, and if nobody is shooting at me, it is a pretty good day.
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post #12 of 12 Old 07-16-2014, 11:39 AM
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congrats

Need pictures- did you say 2013?

ScottS

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2012 California Argento Nurburgring /Nero 2005 F430 Nero 6spd. 2009 Maserati GT-S F1
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