F430 My 360 vs F430 Debate - Ferrari Life
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post #1 of 23 Old 07-22-2014, 07:13 AM Thread Starter
 
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My 360 vs F430 Debate

Hi, I have been doing a lot of research and am contemplating between a 360 and F430. I know that Ferrari ownership is not for the frugal, but I would like to take a smart approach to owning a F-car, so factoring depreciation and maintenance costs.
I will be trading in my Aston Vantage V8 and Ducati 848, giving me about 75k.
I am concerned about depreciation, and curious to know if 360/ F430 prices have bottomed out. I can get a relatively low KM Ferrari 360 around the 90k mark (20,000kms) or a high KM Ferrari 430 around the 110k mark (50,000kms). I don’t think I have the budget to go any higher right now, and can wait 6 months or so and purchase next spring.
My Aston had only 10,000kms when I purchased it (2007) and is now at 15,000kms. The issue is that I paid a premium for a low km car and will lose a lot of value when I drive it.

Questions:
  1. Which would you go for a low km 360 or a high km F430
  2. Assuming 90k for a Ferrari 360 with 20,000kms, how much could I expect the value to drop if I drove 10k per year.
  3. Assuming 110k for a Ferrari F430 with 50,000kms, how much could I expect the value to drop if I drove 10k per year.
  4. Should I be concerned with high maintenance costs with a 50K Ferrar?
  5. Do I just wait until the budget allows me to get a F430 with low kms?
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post #2 of 23 Old 07-22-2014, 11:07 AM
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Welcome to Ferrari Life. Too many crystal ball questions for me. Advice on Ferraris is always buy the best one you can afford and do not worry about depreciation, which you cannot control or predict. Find one you like, 360 or F430, and buy her. The F430 will likely cost a bit less to maintain than the 360 since it has chains instead of belts, a tougher twin plate clutch, and more upgraded F1 software if you get an F1. Higher mileage seems to be a bad thing in North America, but not in Europe, so lower mileage cars are usually easier to move here, but not necessarily there.

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post #3 of 23 Old 07-22-2014, 12:12 PM Thread Starter
 
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I realized that, I went through a few pages of this forum and saw a lot of crystal ball questions.

I opted for a Aston with extremely low KMs and paid a premium for it, when it comes to time to trade in, I am not getting any premium for a lower KM car. My car with 15,000kms is getting a similar value of another with 30,000kms.

So with the Ferrari, I dont want to pay a premium for a low Km car. However, the worry is the maintenance of a car with high KMs. I mean aside from yearly work. Essentially I can wait until the start of spring and spend the extra cash for a car with less kms to reduce some of that worry. From what I see a F-car with 55,000kms doesnt seem too crazy.
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post #4 of 23 Old 07-22-2014, 01:18 PM
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Slayer, welcome to FL.

Perennial questions that buyers must face.

Not an expert on 360/430 models myself, but if I were you, the following items are my considerations.

1. Purchase budget and maintenance budgets thereafter.
2. How long I wish to keep the car. With this in mind, paying premium for low mileage car may not be the best choice sometimes because of drop in value. Even if you purchase a low mileage car, if you end up having to worry of racking up miles and consequent drop in $, that is no fun.
3. On the contrary, higher mileage car may be a more prudent choice, if maintenance has been outstanding.

These are some of the more relevant factors I would consider.

Good luck with your acquisition.

w/ smiles
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post #5 of 23 Old 07-22-2014, 02:28 PM
 
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Key words from Taz, "find one you like 360 or 430" which I might add F1 or stick shift. You will enjoy the car much more if you get the one you like. Best wishes in your search. Be patient.
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post #6 of 23 Old 07-22-2014, 04:53 PM
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While the 360 is nearing the bottom of its depreciation curve, they should have a few more years to go. By then, all the other factors will have a greater influence. My own 'guess' is that the bottom will be around $60K. There are so many variables that affect the sales price, it's impossible to predict a particular combination down the line.

However, I'd go so far to say if depreciation on a 360 is a factor, you probably can't afford one regardless of current mileage. When I got mine, the advice I got from this site was the same as Taz and Ancon: buy the one you like and can afford. That advice still seems pertinent today.


Good luck with whichever model you settle on.

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post #7 of 23 Old 07-22-2014, 05:23 PM Thread Starter
 
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My inclination is to wait a 5-6 months until I have the budget for a 430. Essentially, I want to keep the car for at least 3 years and go from there.
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post #8 of 23 Old 07-22-2014, 06:33 PM
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I would get a 360 now vs 430 later.

You may fall in love with the 360 and never look back.

Maintenance is always you can up now or pay up later.
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post #9 of 23 Old 07-22-2014, 09:03 PM Thread Starter
 
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What makes you say that? It means getting rid of the Aston V8V
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post #10 of 23 Old 07-22-2014, 10:15 PM
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You already said you wanted to do that. An F430 is in a different planet performance-wise to an Aston Vantage V8, so waiting is one option. It is not like driving the Aston is a hardship. You just need to decide what you want, and only you can do that. Many owners prefer the looks of the 360 to the F430, and just about as many disagree. Pretty much all agree the F430 is a big jump in performance and operability.

Taz
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Last edited by tazandjan; 07-23-2014 at 09:06 AM.
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post #11 of 23 Old 07-23-2014, 12:21 AM
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If you're concenred about depreciation, buy a 360.

If you're concerned about running costs, buy a Modena with a manual gearbox.

If you're concerned about a drop in value due to putting mileage on the car, buy one with high mileage.
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post #12 of 23 Old 07-23-2014, 09:19 AM Thread Starter
 
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The V8V is a great driving experience, and a great place to be in. Just scared the 360 is a bit temperamental in comparison.

Yes, going with a high mileage car, but also comes down to risk of high mileage = high maintenance
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post #13 of 23 Old 07-23-2014, 10:27 AM
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What it all comes down to is we will not have told you anything you did not already know, but it sometimes helps to air and clarify your thoughts.

You can download owners manuals and workshop manuals for the 360 and F430 for free at ferraridatabase.com. Can give you some idea of what is involved with maintaining one and the WSMs are a great cure for insomnia.

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post #14 of 23 Old 07-23-2014, 11:00 AM Thread Starter
 
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Thanks, yes I went through the debate in my head. Financially it makes sense to wait until I have the right budget for the F430. Question is how many KMs is too much.

In Canada prices are as follows (going with coupes as I dont think the premium is worth it for the spider). I am just going to list the main options
2005 – Red F1 Tran, CCB – 17,000KMS = 120K – I am seeing this one today and hoping 110K is reasonable.
2005- Silver F1 Tran -25,000KMS = 129K
2006- Red F1 Tran, 29,000KMS = 127K
2007 – Red F1 , 22,000KMS = 168K
2007- Blue F1 – 33,000KMS =135K (Spider)
2005 Red F1 = 55,000KMS =110K – Right on the mark with budget plus new F1 Pump and 75% on clutch. But high kms.
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post #15 of 23 Old 07-23-2014, 03:35 PM
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First one sounds nice if there are no warts like an accident that would make her hard to resell.

Taz
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post #16 of 23 Old 07-23-2014, 10:24 PM
 
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Welcome to Ferrari Life. I just recently purchased a 2004 360 with low miles and very well maintained. This car has been a true joy to own. The 430 is faster no doubt, The 458 will embarrass an F430. I think the 360 is near bottom in price, but a cursory examination of miles and more importantly year made dictates value.

I hate to say it, having gone through the same exercise, it is like straining at gnats. There are too many examples of both versions too predict long term value. In my mind, if you can swing an F430, the upside is not worrying about cam belt changes and if you can get a late enough year it will come with CCM. With respect to style, they are both beautiful machines.

Good luck hunting, and don't rush into a decision.
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post #17 of 23 Old 07-24-2014, 05:11 AM
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Quote:
Originally Posted by slayer of souls View Post
What makes you say that? It means getting rid of the Aston V8V
Surprised you could understand my texted post.

Maintenance miles etc all comes down to budget.

Owing or buying a Ferrari isn't cheap if you want to enjoy and maintain the car as it was intended from the factory.

360's have been around for over a decade - easier to service less tools required and more parts available at a much lower price.

Buying what was a 200 - 300k Ferrari - maintenance costs will reflect it. Not a matter of "if" but "when" ... all Ferrari's are temperamental.

Buy an older manual 360 - you won't lose much and get a taste of Ferrari vs Aston.
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post #18 of 23 Old 07-24-2014, 10:31 AM
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Quote:
Originally Posted by champagne612 View Post
Surprised you could understand my texted post.

Maintenance miles etc all comes down to budget.

Owing or buying a Ferrari isn't cheap if you want to enjoy and maintain the car as it was intended from the factory.

360's have been around for over a decade - easier to service less tools required and more parts available at a much lower price.

Buying what was a 200 - 300k Ferrari - maintenance costs will reflect it. Not a matter of "if" but "when" ... all Ferrari's are temperamental.

Buy an older manual 360 - you won't lose much and get a taste of Ferrari vs Aston.

Yeah -what he said.


I did the same and found the 430 ( six speed) to be worth the wait. Maintenance is over the long haul allegedly lower. No a fair comparison, but likely true.


Is driving an Aston a hardship?


ScottS

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post #19 of 23 Old 07-24-2014, 11:33 AM Thread Starter
 
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Originally Posted by scotts View Post
Yeah -what he said.
I did the same and found the 430 ( six speed) to be worth the wait. Maintenance is over the long haul allegedly lower. No a fair comparison, but likely true.

Is driving an Aston a hardship?


ScottS
I drove the F1 Transmission, it was pretty enjoyable, although i did not feel as connected and engaged as with a Manual. But I did enjoy the downshifts.

Aston a hardship, god no. I never said that. I love the Aston. Its a great place to be inside, easy to drive, maintain, and it is very understated.
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post #20 of 23 Old 07-25-2014, 08:42 AM
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I have to ask a question. If you love the Aston, it is great to drive and easy to maintain, why do you really want to change to a Ferrari? The Aston is sensational car and part of its allure to me is that it is quite understated. The Ferrari, at least here in Florida, draws attention. It appears you are fearing additional operating costs? What is the rush? You certainly do not want to be a slave to the potential car expenses that come with the black stallion.

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