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Ok the auction is this week. It's a 2001 Ferrari 360, but I don't know if its the spyder or modena, I will upload the pictures and please let me know what version is it. Also I don't know how to drive manual and can any of you please tell me what the transmission on this car is because it looks like a automatic shift nob? and can you tell me how it works. ONE concern is that the car is a stolen-recovered car and it has no KEYS!
-How much will it cost to get a key done at the ferrari dealer in canada?
-I'm going to go look at the car tomorrow morning. Is there anything I should look at that would be important? Like where should i look around the car?
-How can I check if the engine and transmission is ok?

From the pictures the car looks in good shape but please help me out guys. Also can you ferrari owners tell me how the maintenance is? Like do you go alot and is it expensive and do you go to the ferrari dealer or other places?
 

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Welcome to the forum. More people will be able to help you than me here. First of all the 360 Modena that you are looking at is not a spider. Also, it is neither a full automatic nor a manual. It is an F1 paddle shifter. Well good luck, I don't know about the keys.

Chris
 

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vickk725, no offense, but if you can't tell the difference between a 360 Modena and a 360 Spider, you're not quite in the right position for buying a 360 yet

do your homework, learn about the 360 and other Ferraris to see which one suits you best, learn about the evolution of the models, what things each one has that you want and that you don't want

don't take a step in the dark that costs so much, that's my advice

anyway, the 360 Modena is the coupé, the Spider is the convertible, so the one you posted pictures of is a 360 Modena

the gearbox in this car you posted is the F1 type, i.e. you change gears using paddles behind the wheel (left to down shift and right to up shift)

it does have a clutch, but it's not operated by you (it's automatic, you just use the clutches to select gear up or gear down)

and to know if the car is in good shape, you should take it to a pre-purchase inspection (PPI) done by an independent mechanic, plus take a look at the history of the car, see what work was done with the car, if possible talk to mechanics that have done important things in the car (belts, brakes, engine, gearbox)

still, a good first step is to start studying (I recommend the 360 Buyer's Guide that we have in the library of the forum, it's absolutely great), then decide which model is right for you, then test drive several cars, then make your choice

just my 2 cents...
 

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Discussion Starter #5
thats the thing i can't do.. I can't get it checked before I buy it.. it's an auction and its tomorrow.

It has no keys, is there a big risk that the engine is not working?

Is there important stuff I should check on the car?
 

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vickk725, if I were you I'd stay away from that car - specially considering you can't get it checked and you don't know much about Ferraris

like I said, my advice is that if you really want to be an owner, you should do your homework and don't rush into the 1st deal that appears in front of you (specially such a "closed box" with no answers like that one)
 

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I agree with Stile 110%. I would walk away...I change that, run away, without an inspection unless the car was like $10,000 and you just wanted it for the looks, do the research before getting involved with the Ferrari. Its nothing like going and picking up a Chevrolet Cobalt at your local dealership...and I would know that:)

Out of curiosity could you inform us what the bid goes up to?

Chris
 

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vickk725, no offense, but if you can't tell the difference between a 360 Modena and a 360 Spider, you're not quite in the right position for buying a 360 yet

do your homework, learn about the 360 and other Ferraris to see which one suits you best, learn about the evolution of the models, what things each one has that you want and that you don't want

don't take a step in the dark that costs so much, that's my advice

anyway, the 360 Modena is the coupé, the Spider is the convertible, so the one you posted pictures of is a 360 Modena

the gearbox in this car you posted is the F1 type, i.e. you change gears using paddles behind the wheel (left to down shift and right to up shift)

it does have a clutch, but it's not operated by you (it's automatic, you just use the clutches to select gear up or gear down)

and to know if the car is in good shape, you should take it to a pre-purchase inspection (PPI) done by an independent mechanic, plus take a look at the history of the car, see what work was done with the car, if possible talk to mechanics that have done important things in the car (belts, brakes, engine, gearbox)

still, a good first step is to start studying (I recommend the 360 Buyer's Guide that we have in the library of the forum, it's absolutely great), then decide which model is right for you, then test drive several cars, then make your choice

just my 2 cents...
Dear Comrade stile - alpine,

A first class post to which I concur wholeheartedly and would wish to add nothing whatsoever. If the gentleman concerned is actually serious in his intent, he should heed your advice completely, and as comrade Chrishawk says, should "Walk Away."

With kind regards,

Vulcan
 

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Vickk725, I wholeheartedly agree with Stile.

It sounds to me like you are buying with your heart, not your head. You think this is a 'once-in-a-lifetime opportunity' to get a bargain at an auction. It is not. There are many, many, many 360's for sale.

What you need to do, if you still want to own a Ferrari in 12 months' time, is the following:

1. Breathe deeply. Relax. Clear your head.
2. Let this one go. Don't think about it anymore, just let it be your inspiration to find a proper 360. This one at auction is VERY likely to be a dog. If you don't know Ferrari's, you won't see what's wrong with it. And you say that you can't even inspect it. Why do you want to put your hard-earned money at such a risk???
3. Do your research. As Stile says, the buyer's guide is a great place to start. Find out what you want. Stick or F1? Spider or Modena? What colour? What options?
4. Use the forums and people such as myself to find out what a car like this will cost to run and maintain. Construct a spreadsheet. Do all the math. Don't fool yourself by thinking that if you have bought the car outright you will be fine. You need to be able to take an occasional hit. I personally, for my 550 which is not unlike a 360 in costs, have a $10k - $20k buffer so if anything goes wrong I can deal with it.
5. DO NOT buy a car that you have not had a knowledgable person look at. Forum members might be able to look at a car for you, or you can pay to have a specialist do a PPI (Pre-Purchase Inspection). Consider paying more at a reliable dealer who will give you a warranty - it is worth the extra money.
6. If you can't drive stick, you should take some advanced driving courses with a stick shift car before you get behind the wheel of a Ferrari. Otherwise your life could be rather short.
7. Once you've done that, test drive 360's. Don't buy the first one, unless you have assurances from independent specialists that it is a great example. Even then, it's best to drive more than one.

If you spend the time (and considering your level of questions, I would suggest you do not buy before the end of the year), then it is very hard to go wrong. If you buy a car on impulse, it is very possible that the car will cost you $20k or more in repairs or overhauls. It is also possible that the car is a very nicely polished write-off. Ferrari's are crashed often, and there are people who make their living rebuilding them. If the chassis was bent, that car should never be allowed back on the road, but it happens all the time. The 360 is one of most notorious for that kind of thing, and auctions are typically where they are sold because inspection time is limited or non-existent.

DO NOT BUY THIS CAR!

Do your homework, take your time, and jump in fully informed: you will have tremendous enjoyment from the most exciting cars on the planet, guaranteed. If you don't, you might be one of the poor guys for whom Ferrari ownership is nothing but a complete nightmare.

You can ignore all this advice, of course, but I assure you it is based on actual experience, and a willingness to help you out.


Onno



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I see that `the pictures you have attached have a VB2 logo on them. VB2 is a SALVAGE company. They sell cars for SALVAGE. There is a reason the car has no keys, they don't want you to try and start it. Do a search on this company, and you will find numerous people that bought cars and ended up with a pile of parts. I agree with everyone else, unless you are looking to part out this car for the good parts you can see with your eye, run FAST!
 

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+1 to everyone on here VICK. just check out the forum for a couple of months and you will surely learn enough about a 360, dont be one of those people that just buy a ferrari and know nothing about it, buy it because you are a fan and you know alot about them.

and my other concern is yea its a salvage car.
 

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I`d buy it. I didn`t even need to know if the engine runs. It all comes down to the price.
Just make sure it`s not stolen.

But, if it costs more than a -82 Golf Gti, I`d probably let it be. :)
 
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