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360's are getting cheap!!!

correct me if I'm wrong, I heard that 20,000 miles is like danger zone for Ferrari.

Their clutches don't last long, you're looking at something like $10,000+ after installation.

Also I think most Ferraris are due for major maintenance which probably will cost you $20,000 to $40,0000 depending on what model.

Also I heard that a lot of European exotic cars' engines need complete rebuild at around 30,000-40,000 miles...
 
correct me if I'm wrong, I heard that 20,000 miles is like danger zone for Ferrari.

Their clutches don't last long, you're looking at something like $10,000+ after installation.
But you'd assume since these cars are purchased by the super-rich they wouldn't flinch about a $10,000 clutch job.

Also I think most Ferraris are due for major maintenance which probably will cost you $20,000 to $40,0000 depending on what model.

Also I heard that a lot of European exotic cars' engines need complete rebuild at around 30,000-40,000 miles...

Correct me if I'm wrong, but I don't think this applies to modern day Ferrari's, like the F360 and F430. Because these cars don't require an engine out for major maintenance.
 
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I think a big reason for the major drop in price as the mileage really gets up there is that this is unknown territory for these Ferraris. Theres probably only a handful of them that have ever hit the 50k mark, so even if they're all running fine that still only 5 for 5 or whatever.
 
I think a big reason for the major drop in price as the mileage really gets up there is that this is unknown territory for these Ferraris. Theres probably only a handful of them that have ever hit the 50k mark, so even if they're all running fine that still only 5 for 5 or whatever.

One of the guys over on F-chat ran the miles way up on his 512, he even drove it in the winter. After all it's just a damn car anyways.
 
Their clutches don't last long, you're looking at something like $10,000+ after installation.

Also I think most Ferraris are due for major maintenance which probably will cost you $20,000 to $40,0000 depending on what model.

Also I heard that a lot of European exotic cars' engines need complete rebuild at around 30,000-40,000 miles...

The UK magazine I was reading last night has advertisements from independent Ferrari specialists with prices listed for various services.

Quoted price for 360 clutch is 1195 GBP = $1800 USD. My NSX is currently having cluch replacement and parts alone are $2500 Australian = $1800 USD.

Other listed prices for the 360 (www.verdiferrari.biz):
Annual service (6k miles): 620 GBP = $928 USD;
Major service (18k miles): 995 GBP = $1490 USD.
Cambelts only: 395 GBP = $600 USD.

From Ferrarichat it seems even official US Ferrari dealers charge nowhere near $10,000 for a major service.

Yes there wiill likely be extras tacked onto those prices for things that break out of the blue, but that is true for the NSX also, and is partly to save money on future servicing. My current NSX clutch replacement is tacked onto snap ring failure, to save the labour costs of doing it seperately at a later date.

As for European exotics needing a complete engine rebuild at 30-40k miles... does this really apply to the Ferrari 360?

Can any 360 owners chip in on that? Steveny?
 
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As much as I have always dreamed of owning a Ferrari, I personally think the Gallardo is a better buy. The new LP560 is a beast. It might not handle like a Ferrari but it is much quicker straight line than a 360 and possbily a F430 and has the exotic looks to match.
 
hmm...ok then I guess the 360 Modena might not cost you that much to maintain?
I just heard that F355, Testarossa, 348, etc...were really expensive.

I heard that the Diablo had terrible reliability but people say that since Audi bought Lambo, Murcielago and Gallardo may not be that bad.

anyways, 360 Modena is a nice car, here are some pics...

Front bumper: Fabulous
Side Skirts: Fabulous
Rear Diffuser: Hamann
Rear Wing: Kreissieg
Mirrors: CraftSquare
Wheels: Neez Magnesium

the sound of Kreissieg exhaust is just crazy:eek:

http://www.youtube.com/watch?v=BeAELrHXUeY
http://www.youtube.com/watch?v=Ucmr9p2mGF4
http://www.youtube.com/watch?v=X15nBOQdMpg

p1.jpg

p2.jpg

p3.jpg

p4.jpg

p6.jpg
 
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I have been looking at the Gallardo as a long term goal, but I have to admit the lower F360 prices, higher availability of the F360, and what appears to be a reasonable maintenance cost is really becoming more appealing to me too.
 
When I had my Testarossa, I found a small shop in Ohio that specialized in Ferrari's. They were significantly cheaper than the dealer and did much better work.

This is exactly my experience with the Car Doctor in Falls Church, Virginia and my NSX.

I asked around in the forums and everyone basically said they wouldn't let anyone touch their cars besides the dealer.

This is what they tell themselves to make themselves feel better when they write that check. The best mechanic is the best mechanic, whether independent or dealer.

Don't get me wrong I love Ferraris but this mysterious barrier against actually driving them I just don't understand.

I completely agree.

Can anyone help me out?

As stated, maintenance and resale value have to be the reason. I have read (unconfirmed) that servicing, particularly major service, is very expensive. Apparently, when you are facing writing that check for the major service, I guess it is better to keep it in the garage and drive your Honda. Which is why I drive a Honda NSX...

Quoted price for 360 clutch is 1195 GBP = $1800 USD. My NSX is currently having cluch replacement and parts alone are $2500 Australian = $1800 USD.

Other listed prices for the 360 (www.verdiferrari.biz):
Annual service (6k miles): 620 GBP = $928 USD;
Major service (18k miles): 995 GBP = $1490 USD.
Cambelts only: 395 GBP = $600 USD.

...yet these UK prices seem very reasonable.

One of the guys over on F-chat ran the miles way up on his 512, he even drove it in the winter. After all it's just a damn car anyways.

My kinda guy!

What's the catch?

Any owners care to step forward and reveal the "truth" about Ferraris?
 
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Hey guys, thought I’d throw my perspective on a few things:

1) Anyone that could use more money, unless you are at that state of wealth where making more money doesn’t matter anymore (I’ve met quite a few people who are in this category so it’s very possible especially out here in NORCAL) you would be smart to put your savings into short sale homes or other property. When the prices start to rise in a few years that is where you want to have your foot in trust me.
2) I’ve owned a Gallardo and a GT3 before I got my NSX. I love my NSX because I never have to think twice about grabbing the keys to put some miles on her. The GT3 was way too rough riding and the Gallardo was just way too flashy. You would have to be prepared for a conversation anywhere you stop!
3) I’ve never owned a 360/430 but I’ve driven enough 360’s to tell you that it’s NOT a special car. The NSX has a MUCH LOWER and more sporty driving position compared to a 360 anyday! Sure the exhaust note is unique but they are dime a dozen here in CA and unless you have a Stradale model, the regular ones are nothing special! The F430 would be the only logical replacement if I ever got rid of my NSX and I don’t think that is happening anytime soon since I do not fall into the “rich” category yet. (see my #1 reference)
4) Plus owning an F-car or Lambo would put me right back into the notion of putting as little miles as possible to avoid resale, etc.

So for those of you guys who are in the luxury position of being able to really afford an F-car, more power to you as you are the lucky few. I did my math a few years ago and I’m definitely not qualified to be an F-car owner yet. I still have dreams of building my custom home and other things first. There is a lot more to life than owning a Ferrari for me.

As for showing off a nice car, it’s really not an issue around here since I see 4-door Bentley’s at COSTCO buying groceries and a GTR at the movie theater so high dollar cars are really not an attention getting in most cases.

But yes I agree it is amazing you can buy a 360 for around $70k but quite frankly the nice ones we really want to own are still in the low $100k range and that is no amount to sneeze at by a long shot.


Rick
 
Hey guys, thought I’d throw my perspective on a few things:

1) Anyone that could use more money, unless you are at that state of wealth where making more money doesn’t matter anymore (I’ve met quite a few people who are in this category so it’s very possible especially out here in NORCAL) you would be smart to put your savings into short sale homes or other property. When the prices start to rise in a few years that is where you want to have your foot in trust me.
2) I’ve owned a Gallardo and a GT3 before I got my NSX. I love my NSX because I never have to think twice about grabbing the keys to put some miles on her. The GT3 was way too rough riding and the Gallardo was just way too flashy. You would have to be prepared for a conversation anywhere you stop!
3) I’ve never owned a 360/430 but I’ve driven enough 360’s to tell you that it’s NOT a special car. The NSX has a MUCH LOWER and more sporty driving position compared to a 360 anyday! Sure the exhaust note is unique but they are dime a dozen here in CA and unless you have a Stradale model, the regular ones are nothing special! The F430 would be the only logical replacement if I ever got rid of my NSX and I don’t think that is happening anytime soon since I do not fall into the “rich” category yet. (see my #1 reference)
4) Plus owning an F-car or Lambo would put me right back into the notion of putting as little miles as possible to avoid resale, etc.

So for those of you guys who are in the luxury position of being able to really afford an F-car, more power to you as you are the lucky few. I did my math a few years ago and I’m definitely not qualified to be an F-car owner yet. I still have dreams of building my custom home and other things first. There is a lot more to life than owning a Ferrari for me.

As for showing off a nice car, it’s really not an issue around here since I see 4-door Bentley’s at COSTCO buying groceries and a GTR at the movie theater so high dollar cars are really not an attention getting in most cases.

But yes I agree it is amazing you can buy a 360 for around $70k but quite frankly the nice ones we really want to own are still in the low $100k range and that is no amount to sneeze at by a long shot.


Rick

Rick you are making me love my NSX more.
 
Slightly Off topic:

I am in Houston for a conference and contacted an aquaintence that works in sales there. I went to go check a LP-560 out.

Mind you, ALL my life I have been dreaming of buying a Ferrari. Literally my whole life is defined by the words "Someday I am going to make it in life and buy a Ferrari". Shallow and pathetic but that is me.:redface: I have avoided getting one b/c I like to put miles on my cars and I don't really like too much attention. My wife told me she would prefer a Gallardo over a F360 or a F430(did I marry a GREAT woman or what!). Anyways, I made an appt. and came in on a lazy Tues afternoon. The salesman was a really nice guy. They had 3-4 LP 560's in the showroom. No testdrives ofcourse but they are getting a 2004 this Fri that I *could* testdrive. He said the Gallardo is absolutely bullet proof. The only issues are clutch wear with E-gear and the "lack of smoothness in the last gen E-gear". The avg. E-gear clutch in MY2004 - 2006 lasted 5-7k miles, 2006+ clucthes are lasting 10-12k miles. There is no timing belt - So no engine out service. They maintain several Gallardos and have NEVER done a brake job. The highest mileage gallardo has over 40K miles in it! I repeat never done a brake pad replacement! I walked through the service bay to see a Diablo and a CGT and the mechanics confirmed it. Annual service is $700 or so and clutch job is $3500. I was sold! I sat in one and it is definetly in a different league than a F360!

Performance: 552 HP, 3400 lbs. 0 - 60 in 3.7 or so. Top speed 200+ MPH. He said Lamborghini makes only 2400 cars a year.

Btw, You can find a 2006+ Gallardo for around $120K all day long. 2004's are in the $90's. He also said the best bargain if you like to track cars is the Superlegerra(sp?). He sold one the other day for $157K. MSRP is $260K.

Btw, there was an another guy shopping for a car. He is a member of the lucky sperm club. His father started some oil company. My salesman told me the guy has bought $2.5 million in cars in the last 3 months. 2 Mclaren's, the CGT(which was getting a check up in the service bay), a Murci, etc etc. You get the picture.

Anyways, It is a great time to buy one of these cars. I was really dreaming of buying a Ferrari but am leaning towards getting a Gallardo instead. Ofcourse none of this is happening anytime soon as my lovely wife is preggors!!:eek:

Sorry for the rambling, GL shopping for your dream car!
 
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Slightly Off topic:

I am in Houston for a conference and contacted an aquaintence that works in sales there. I went to go check a LP-560 out.

The LP-560 is a monster. It is amazing how much faster it is than the older Gallardo.
 
Slightly Off topic:

I am in Houston for a conference and contacted an aquaintence that works in sales there. I went to go check a LP-560 out.

If you get an LP-560, I am going to be in Tyler the following weekend. I agree, though - it's a car that pulls me quite a bit more than an F430, overall. It looks and feels much more special, standing still. I don't know how it drives but honestly, I think it's probably the more reasonable (and yet oh so unreasonable) of the two...
 
I was really dreaming of buying a Ferrari but am leaning towards getting a Gallardo instead.

I'm with you on this. After driving both, I liked the Gallardo more. I also liked the more angular styling of the Gallardo more, especially with the latest facelift.
 
I'm also amazed at the significant drop in value of the 360 over the past year. 75k is a great price on a car that was once over the 200k mark. I've always been impressed with the 360. Of course I'd take one...if I had the money :biggrin: I'm still working on the NSX.

For those that are pursuing a "prancing horse" I say take it. It's the best time to buy! Many of the NSX's(on here) are garage queen's anyway....imagine what the Ferrari will become. I barely put 3000 miles on my s2k in 3 years. I can't imagine how much I'd baby an NSX....not to mention a Modena. I'd never drive the thing lol.

Obviously, I've got a long way before I go after a Ferrari. I'm still in college and when I'm done I'll have a good 50k to pay off in college loans. However, I'm curious how much the 360 will be in 10 years when I'll actually be able to afford one. Maybe I'll go after a 430. Can you work on these cars yourself? I mean I know you'll need genuine Ferrari parts but for those of you who work on your NSX, could you be able to do similar work to a Ferrari?
 
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This thread is ancient, but it had just kind of stalled and its an interesting topic so I thought it might be good to add a bit to it in case people search it in the future.

As a long time ferrari chat member who has done a LOT of research on this, I can say with HIGH confidence that Ferraris cost roughly $.87 - $2 PER MILE to run. If you dont do a ton of mileage in a year, expect that the calendar will get you.

Most like a minor every 3 and a major every 5 with annual fluid renewals. The majors on the older 3x8 tend to run around $5000-$6000 and the 348 and 355 are closer to 7 or 8 grand. The 360 is a bit better, but I can tell you that "the works" (clutch, brakes and major) is going to run you like $14k. On the NSX, figure probably half that AT WORST, but you're doing it far less frequently. That price list from the UK appears to be from another dimension as I know a lot of Ferrari owners and no one is paying NEAR those prices on service (and they use independents)

The problem is really two fold... Ferrari wrenching is labor intensive (and time = $$$ even at indie rates), and the cars and parts are designed for maximum performance with not much care given to reliability (like an F1 car). The idea is that every few years you're doing a lot of replacing. No threads like "well, my NSX is 18 years old, but only has 45,000 miles... should I REALLY do the timing belt and water pump?" on Ferrari chat. The service MUST be kept up or the car will go down hill fast. Its also a LOT better when they're driven, but unfortunately they rarely are.

The assumption that "rich guys own them" is unfortunately generally wrong. One is that even "rich guys" tend to be either cheap or lazy with cars, and two is that Ferraris are often the final symbol of being WAY over your head. End result is MOST of the Ferraris on eBay are on there because a major is due. Prob brakes and clutch too. So take those "great prices" and add at least $14k.

On doing your own wrenching, most REAL Ferrari guys recommend this if you are capable. It isnt so hard, just time consuming and certain things that might require engine out would be trickier. The catch is that PARTS are very expensive though. So you save labor, but still get hit with parts.

Ferraris have gotten more reliable, and the time required for the major has gone down since the worst of the worse the mid late 80s early 90s V8s, but the parts havent gotten cheaper nor have the service INTERVALS really gotten longer.

Moral of the story? To "afford" a Ferrari, in MY opinion, means being able to own it as a PURE toy, and being able to keep $20,000 aside or so as a maintenance/emergency fund JUST for the car and keep that $20k topped off as it gets used.

It is NOT the car to stretch the VERY LIMITS of your disposable income for.
 
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This thread is ancient, but it had just kind of stalled and its an interesting topic so I thought it might be good to add a bit to it in case people search it in the future.

As a long time ferrari chat member who has done a LOT of research on this, I can say with HIGH confidence that Ferraris cost roughly $.87 - $2 PER MILE to run. If you dont do a ton of mileage in a year, expect that the calendar will get you.

Most like a minor every 3 and a major every 5 with annual fluid renewals. The majors on the older 3x8 tend to run around $5000-$6000 and the 348 and 355 are closer to 7 or 8 grand. The 360 is a bit better, but I can tell you that "the works" (clutch, brakes and major) is going to run you like $14k. On the NSX, figure probably half that AT WORST, but you're doing it far less frequently. That price list from the UK appears to be from another dimension as I know a lot of Ferrari owners and no one is paying NEAR those prices on service (and they use independents)

The problem is really two fold... Ferrari wrenching is labor intensive (and time = $$$ even at indie rates), and the cars and parts are designed for maximum performance with not much care given to reliability (like an F1 car). The idea is that every few years you're doing a lot of replacing. No threads like "well, my NSX is 18 years old, but only has 45,000 miles... should I REALLY do the timing belt and water pump?" on Ferrari chat. The service MUST be kept up or the car will go down hill fast. Its also a LOT better when they're driven, but unfortunately they rarely are.

The assumption that "rich guys own them" is unfortunately generally wrong. One is that even "rich guys" tend to be either cheap or lazy with cars, and two is that Ferraris are often the final symbol of being WAY over your head. End result is MOST of the Ferraris on eBay are on there because a major is due. Prob brakes and clutch too. So take those "great prices" and add at least $14k.

On doing your own wrenching, most REAL Ferrari guys recommend this if you are capable. It isnt so hard, just time consuming and certain things that might require engine out would be trickier. The catch is that PARTS are very expensive though. So you save labor, but still get hit with parts.

Ferraris have gotten more reliable, and the time required for the major has gone down since the worst of the worse the mid late 80s early 90s V8s, but the parts havent gotten cheaper nor have the service INTERVALS really gotten longer.

Moral of the story? To "afford" a Ferrari, in MY opinion, means being able to own it as a PURE toy, and being able to keep $20,000 aside or so as a maintenance/emergency fund JUST for the car and keep that $20k topped off as it gets used.

It is NOT the car to stretch the VERY LIMITS of your disposable income for.

Excellent write up. I particularly like "End result is MOST of the Ferraris on eBay are on there because a major is due. Prob brakes and clutch too. So take those "great prices" and add at least $14k." You get what you pay for and save nothing buying a cheap car.
 
Ferraris cost roughly $.87 - $2 PER MILE to run. If you dont do a ton of mileage in a year, expect that the calendar will get you.

The majors on the older 3x8 tend to run around $5000-$6000 and the 348 and 355 are closer to 7 or 8 grand. The 360 is a bit better, but I can tell you that "the works" (clutch, brakes and major) is going to run you like $14k. On the NSX, figure probably half that two is that Ferraris are often the final symbol of being WAY over your head. End result is MOST of the Ferraris on eBay are on there because a major is due. Prob brakes and clutch too. So take those "great prices" and add at least $14k.

On doing your own wrenching, most REAL Ferrari guys recommend this if you are capable. It isnt so hard, just time consuming and certain things that might require engine out would be trickier. The catch is that PARTS are very expensive though. So you save labor, but still get hit with parts.

Ferraris have gotten more reliable, and the time required for the major has gone down since the worst of the worse the mid late 80s early 90s V8s, but the parts havent gotten cheaper nor have the service INTERVALS really gotten longer.

Moral of the story? To "afford" a Ferrari, in MY opinion, means being able to own it as a PURE toy, and being able to keep $20,000 aside or so as a maintenance/emergency fund JUST for the car and keep that $20k topped off as it gets used.

It is NOT the car to stretch the VERY LIMITS of your disposable income for.

I LOVED this post as it provides the REAL issues in a nutshell to F-car ownership.
 
logged another 432 miles on mine this weekend. 22,500 on the odo at this point. Oil change coming up soon ~500.00
 
As others have said, they're only going to get cheaper. I'd expect to see well maintained 360s for $50k in a year or two.

One thing that *may* kill the value of Ferraris is if the "rich/extravagant" brand gets tarnished with the bad economy. I've seen a few threads on F-Chat along the lines of "Do you drive your Ferrari as much in the weak economy?" Meaning -- demand is falling, at least a little, based on nothing other than public perception of wealth. Respondents in those threads usually said a) Drive just as much, b) Drive less out of vandal fear or c) Drive less b/c don't want to flaunt wealth these days.

If Ferrari's suddenly become "uncool" to the masses -- look out below for those prices.
In bad economic times, Stealth Wealth is a better choice for a while. If you get one, don't take it out much. Keep a low profile. NSX is OK in these times from what I can see. A few weeks ago, I saw a really "worked" Gallardo that shook the ground near a mall. It was painted in a flat black primer and was not "showie", just mean.
 
logged another 432 miles on mine this weekend. 22,500 on the odo at this point. Oil change coming up soon ~500.00

1. pics???

2. $500 for an oil change??? please explain why it would cost that much:confused: tell me you're kidding...:redface:
 
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