The best time to buy a Ferrari 360 | Buying and Depreciation Guide
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- Опубликовано: 21 авг 2024
- In this Ferrari 360 buying and depreciation guide, I will show you the latest developments in the 360 market. As of today, it is 20 years ago that the car was introduced. Nevertheless, the Ferrari 360 remains to be for many a dream supercar.
You can contact me on fourwheeltrader@gmail.com if you would like a personalized analysis.
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The depreciation analysis for the Ferrari 360 is split into a few parts. In the first part, we will explore the market and have a look at the average price points. Just by looking to these, we can already see that something particular is going on in the 360 market. In the second part, we will figure out the depreciation per year and the forecasted value range. Note that these forecasts are based on average price points and a probability of 75%. Therefore, the value doesn’t apply to each and every used 360. After this, we will have a look at the depreciation per 1000 miles driven.
From this point onwards, we will start to put all of the information together and have a look at the fair purchasing prices. At the end of the video, we will conclude then on the Ferrari 360 market as a whole and what this means for you as a buyer.
Disclaimer:
The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars.
The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision. 
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You did such a great job to include all relevant information about depreciation.
I bought my 2004 Ferrari 360 Modena F1 2 or 3 years ago for $55,000 I sold it about a year later for $56,000. So I lost money on taxes, and maintenance / repairs. The small loss of money was totally worth it! For me personally owning that car was something I never thought growing up I would be able to do. So the achievement for me was well worth it. If I can find another clean one in that price range I may buy one again. Great video by the way very informative keep it up.
Must be an amazing experience to own such a car.
Fourwheel Trader - Car depreciation analysis
It was fun. It wasn't as cool as I expected tho. At the time I also had a 800hp 1996 Toyota Supra. The Supra was a better car. The 360 felt fragile. The Supra is as a reliable as any other Toyota. The 360 broke when I bought it and broke the day after I sold it. I hear the 458 is reliable. But they are still 140k on the low end. Owning a "Ferrari" tho was a physiological achievement for me. And most people I encountered asked if it was new lol and always asked how fast it is. Funny the look on there faces when I would say it's slow lol. Overall glad I owned it and am considering getting one again.
I have a 2004 Modena Manual Gated 6 speed with 50K Miles on it now, and its one of the most reliable car i've ever owned , have had it 1 year and put 10K miles on it with no issues. Would sell for less than $90 - $100K even at these miles
Its for sale?
In the market for 2003 manual, coupe, red and tan with right specs. My dream ferrari
Like button smashed even before watching the video! You're reading my mind and doing videos pretty much about every option I've considered while shopping for my 981S! keep up the great work mate! Cheers from Italy
Thanks! How do you like the 981S?
@@fourwheeltrader almost perfect car. To step up you need to tap into supercar territory. There's nothing quite like it within 50k euros.
My hero! Alweer geweldig gedaan jongen!! Bedankt!
BRAVO AGAIN!! great job!
I bought Ferrari 360 spider import auto with 20k miles 2 owners clean carfax for $50,000 is that good deal? Colour is like baby blue?
Intelligent young man. Very interesting. I think you should also factor in negative economic scenarios like recessions, depression’s and stock market crashes and how they would impact prices. Many economists think that we are overdue for another crash. I was thinking of buying red 360 spider manual transmission in a year or two. Hopefully the prices won’t go up. What do you think?
Owner of a '99 manual Modena Coupe here...one thing I would like to know is that if the "manual" cars were visually verified prior to the analysis...one big thing I noticed when shopping is that many of the F1 cars ("automatics") were actually listed as "manual", since technically, they still are, you would have to look at pictures to verify...but of course that made a huge difference in price since the true manuals are rarer, and overall, more desirable than the F1. Overall, great video, will check out some of your others.
I encountered the same issue. Though, I didn't visually inspect each and every car. I only inspected the cars which had a strange year-price-mileage-transmission combination and relabelled them if necessary.
I wish this was case here in Australia..current asking prices A$200,000 plus...Crazy dreamers!!...correct price should be A$130k..
I just bought a 2004 sider with 8,1000 miles in mint condition. I paid $115k, which I feel is in line with the analysis. While I have owned much more powerful cars, this is a frequent driver's car, light, nimble, fun, go kart steering and amazing sound. The 360 is for someone who wants to enjoy Ferrari at this stage in its development. I daily drive a Cal T, more modern, powerful with all the bells and whistles, wonderful car. Thie 360 is for those who love driving a timepiece that is fun, light, open and engaging and will forever put a smile on your face and a beat in your heart, Yes, I love this car.PS, I will most likely never sell it, a family heirloom for my grandchildren.
Great break down, but can you include the very rare - coupe sunroof? I figured you’d want to for the sake of your data but also for those of us who know about this option!
Hi James, that's an interesting question. I'm not aware of the importance of the sunroof option. It should be possible to differentiate between the cars with- and without that option. But as you can see in the video, i didn't do that.
Too bad the ACTUAL sold price is hard to get. That would really tell the story. I’m in the market for one of these and some people really seem to be asking more than they should. I’m in Canada and I’ve been watching several models for sale across the country. They do not seem to be selling as some have been listed for over two years.
i’m seeing asking prices of $90k + with auto cars that have 30,000 or more miles. Some of these people are trying to recoup what they spent on maintenance and i’m patient enough to wait for $15k-$20k to be knocked off the asking price
2013-2017 Gen V Dodge/SRT Viper
It would be awesome to get an UPDATE video so we can compare what happened to the forecast versus this insane market we are now in. I'm really enjoying your videos brother. I bought a 360 manual spider 9 months ago. Would love to see a 360 CS and 430 Scud video.
Did you see this one already? It's an update from two months ago: ruclips.net/video/u8KIIWQfvyo/видео.html
In my latest video about the FF and 599 you can also see how it relates to other Ferraris.
@@fourwheeltrader SWEET!!! Thank you
I bought my 2001 manual 360 Spider last year. It has approximately 25,000 miles. From what I have seen it seems the manual with similar characteristics to mine has slightly increased in price over the last 18 months by about 10%.
Great car. Enjoy.
I'm curious where you got your sales values from? Is it for the asking price on a listing, known sold price, or a combination of both?
All the values are list prices. Unfortunately, the prices for which the cars actually sell are not available (at least not to my knowledge)
Great information provided. Will you include the Ferrari California 2010 to 2013? Thanks!
Interesting suggestion. Curious to see how the prices changed. Are you looking to purchase a California?
Great content. Subbed
Thanks! Which car would you like to see analyzed next?
These prices range as do to record keeping as well.
Great review/content, new sub here! Can you do an evaluation on the ‘90’s Ferrari 456? Thx
Should I buy one now? 2001 360 Spider 3913 miles for 126000k?
Another great analysis. Please could you do an analysis for the F430 in the UK market please?
Thanks! I will put it on the list. What is pulling you towards a F430?
That"s a real[ly interesting point...left vs. right steering and what that does to market value, not just in the UK... Maybe a data/info point to add as a side-note to all your car analysis? That way UK (and maybe even other continent) viewers are more drawn in to your content...
@@fourwheeltrader Affordable, classic lines and safeish place to put your money! A touch more modern than the 360!(and no engine belts!)
@@fingerbang4842 Sound like a good idea. I have some videos on the UK market (Huracan and the Boxster) but never made a comparison before. Although, I started this channel based on the German market but 80% of the viewers for those videos were from the US. That's also why I mostly cover the US market.
So....what do you think of the Challenge Stradale market?
Can u plz do an analysis for the Ferrari 355, thanks!
I know this is an old video, so it might have been discussed elsewhere. Did you have a chance to inspect the special versions of Ferrari V8 mid-engine cars? (360 CS, 430 Scud, 458 Speciale, 488 Pista)
The 488 video shows an overview of the 360, 430, 458, and 488 values. However, this doesn't include the special versions.
It would be interesting to study the depreciation/appreciation curve with running costs incorporated for Ferraris.
That's indeed a very good suggestion. Would you have any idea where to get reliable data regarding the costs?
I googled few key words and the best thing I found so far is:
www.ferrarifl.com/vintage-service/
But it does not give likelihood of repair (e.g., few models have a tendency to break more often) but it is not bad as it lists the most affordable Ferraris.
It would be great to have a ranking of those in order to see which one is the best investment (while keeping appreciation and running cost in mind).
@@eqrc8412 I sometimes filter out the best 'deals' by combing price, mileage, model year, and one other factor (eg transmission). This is however more focused towards value for money than investment potential.
Those numbers are very good for service, but dealers have a tendency to "find" other things while their are in there and it's stupid easy for your $3200 major service turn into a $10k bill rather quickly...and most owners will take them at their word. I'm a DIY, and can attest to the discrepancy between the inflated costs of buying Ferrari parts through the dealer and buying OEM, couple that with 150-200/hr for service, you can see those reasonable prices shoot up rather quickly.
*Which car would you like to see in the next analysis?*
BMW M3 series... That would be a real challenge between body types over the years though (e.g. E30 vs E46). How could possibly compare a 199x E30 M3 to a 200x E46?!
Ferrari 456 and Ferrari 612. Ferraris usually hit the bottom of the depreciation curve after 15-20 years and these 2 models are around that age and on top of that they are 4 seaters (e.g.: you can enjoy them with more people).
Ferrari F430
F355 please
F430
Have you made a more recent version on the 360?
Yes, i update it every three months. This is the latest: ruclips.net/video/KoRxS4AOhgU/видео.htmlsi=MyrFQlp9_mgVe_LP
Can you do one on the Bmw m3 e92 please
Fascinating!
Thanks. Are you looking to purchase a 360?
Is a ferrari 360 with 55000 Kilometers not miles with a good service history for 51000 a good deal?
Fast forward to today, 360 is being sold for $122k. What is the prediction for the next 4 years?
It is even among the top performers. Have a look at the latest list of cars with strong price trends: ruclips.net/video/1UXeZUsD9j8/видео.htmlsi=LObAwEdBFOo6-mlI
I wonder how the release of the new Corvette C8 is going to affect the 360-458 market. I guess we have to wait until it’s out for an analysis.
I think that, to a large extent, the group of buyers for those cars are different.
I don’t think the buyers are completely different, I was searching for a nice 360 until they announced the new C8. I own both Euro and domestic sports cars. I think the fact that a brand new C8 with performance to match a 458 will be 65k will be a big factor. I think it will drive their values down some.
I wouldn't ever buy a new corvette over a used F car, totally diff buyer IMO..i simply wouldn't buy it just because its a vette!
Don't listen to Tarek, he's snooty ;-)...j/k. As a 360, and a Z06 owner, I will say that the new Vettes are fantastic, but in my experience talking to other owners they are interested, but to the extent that they would like to add one to the stable rather than replacing their 360 with it. Yeah, some may "upgrade" to something newer, but most people looking at the Ferrari's are looking at a different picture than new Corvette buyers....not to mention that the Corvette will depreciate faster and in a few years, and be widely available while the 360's will have flattened out for the most part...also the manual owners like myself will not be able to replace that feeling since the new Vette is automatic only. I can't see it affecting the values at all. New cars usually don't affect "vintage" cars.
Where are you getting your sales price data from?
Nice work! Can we see the same for the F430 Coupe please?
Good suggestion. It will also be interesting to see how they compare.
Yes, I would also love to see info on the F430. Also, keep in mind that the Scuderia should be completely separate as it will surely have a completely different value curve.
C8 Corvette sales price will decrease the price of all mid engine cars. Not necessarily a bad thing.
Question, did you include data from Challenge Stradale models in this data?
No, i excluded those.
no convertible?
Hello great detailed review and analysis, can I get your opinion on a 100% mint 1999 car with 7k miles and the F1 box with all Ferrari history and extras covers travel cases tools and pump plus charger etc
Many thanks Dom
*me watching this video with $150.00 in my checking account*
hmmm yes very interesting I'll consider it
Wear sunglasses or change lighting, you will get better results.
Aston Martin DB9 or V8 Vantage
Nice ones! Are you planning to purchase a V8 vantage or DB9?
Fourwheel Trader - Car depreciation analysis - Perhaps a Vantage S or GT. Though it’s a striking car, I’m not sure that beauty is worth the trade off for its lack of performance. It’s substantially more expensive to get into the V12 model.
Awesome review, now do dollar/yen 🤣
Wish I passed math 8
Worst analysis by far... your graph of manuals and Autos has one point significantly high for Manuals, the data is clearly a shotgun graph with low confidence of any line drawn with some values on the same year being TWICE as much as the other.... You simply cannot draw conclusions like this...
I recommend to check out the latest mid engine ferri update. This video is almost four years old and not very representative of the current situation.
@@fourwheeltrader you do know what a confidence interval is right ?
So what your saying is buy a ferrari and just look at it in your garage so it wont depreciate.the more miles the less it will be worth.you dint account for maintenance records and up keeping.those numbers are just retail.get a low mile one and add 10k in maint cost then its not worth it bcs the more miles you put on it the more it depreciates.not worth it to just sit and look at a car.i had one sold it.not reliable.depritiates every mile and once you past 50k miles it will be worth as much as a Honda civic.
No, that's not what I'm saying....
@@fourwheeltrader lol