I bought a 430 spider in the spring of 2014 for $150k. Blue/Cuoio, shields, carbon fiber, ceramic brakes, challenge wheels and Stick. I sold the car in the summer of 2017 to an exotic car dealer friend for $180k. He sold it to a Florida dealer for $197.5k. The Florida dealer retailed it for $229k. During my three years of ownership I replaced the battery for about $229.00 and did an oil change service for about $400.00. I have owned 11 Ferrari between 1988 and the present and lost money on only 5 of them. So my guess is that it cost me about $100,000 to own the 11 cars over the last 30 years, inclusive of depreciation, maintenance and insurance. Of the 11 cars, only 3 were brand new.
Must be a good engine. In production (in various forms) for 16 years. Mind you the Dino V8 went 42 years!
To be precise, an oil service was performed before delivery to me, and then I serviced it about 18 months in, and then it was serviced after I sold it. So, let’s not be so judgmental.
No not at all. They just don’t seem to be in demand, at least the F1s. There are many threads about this on here. Admittedly things might have changed as I haven’t followed them as close since I don’t own one anymore. I’ve always thought the 360’s value problem isn’t with the 360 but because the 430 is a better car for not much more. Sent from my iPad using FerrariChat.com mobile app
I have owned my 360 F1 a year, past Sunday. Owned Corvettes since '84, traded Z06 Z16 for this car and have never looked back. It had 11k miles, now 13.4k, I drive it every day unless it is raining, like my Z06. She is a different animal, I did buy it to drive as much as the others, and an experience like no other!
It's not just the oil changes, it's also the other fluids. During a three-year ownership, I would expect the brake fluid, gear oil, and the coolant to have been changed at least once, as per the recommended service intervals. Of course, it is your car and you can do whatever you want, but if someone reads this, they might get the impression that Ferrari maintenance will cost them a few hundred dollars over three years. And that's just not realistic.
The other problem might be that your particular car came with somewhat of a documented "story". I remember reading your posts on the car's problems and wondering how that might affect the value.
You are right. But I have to say that most of the F owners that I know, don’t follow that prescription. These guys drive their cars a thousand miles a year, (they have six or ten other cars) store them from November to April at the Ferrari dealers’ storage space, and bring their cars in for service when they get an email or postcard from the dealer, and for better or worse, that schedule doesn’t comply with what it says in the owners manual. Likewise, every BMW manual says to change the brake fluid every two years. People lease them for 36 months, maybe bring them in for two free oil changes, and turn them in. Then maybe or not the dealer performs that service before the car is resold. It’s an unfortunate habit of our throw away society. .....So, for you potential Ferrari buyers, I’d set aside about $1500 to $2000 per year to follow the prescribed maintenance schedule, unless you’re a DIY guy. AND if it’s an engine out belt change vehicle, set aside $5k to $7k for that service to be done every 5 years or whatever the mileage noted in the manual says.
Changing fluids yearly or every couple years is never a bad thing. That said, gearbox oil does not need to be changed every 3 years - that's really over kill.
360 spider with a stick is the most fun and engaging to drive, even though I also have faster cars. To me it’s a keeper, and I do drive it as intended, so I change the fluids annually, including gearbox oil. It’s important to change the gear oil because it gets cooked with the transaxle sitting between the headers, and to keep an eye out for coolant contamination from a possibly failed heat exchanger. Belts do not require engine out on this car. Sent from my iPad using FerrariChat
That makes sense for F1. For gated 360 the value difference between 360 and 430 is quite a bit. That should make the demand higher on 360 gated over F1 as long as it's priced proper is my guess. I'm not starting a gated and F1 debate here. Closing side topic.
Ferrari does not agree with that: “Change the gearbox differential oil and clean the oil filter... every two years." (page 5-5, 360 owners manual) Image Unavailable, Please Login
Yes, they do. And a lot of people choose to ignore that recommendation because of the $4K expense and the rarity of reported failures. The reluctance to follow that particular guideline is understandable. But why would anyone choose to ignore a $200 gear oil change every couple of years is beyond me.
I've never changed gearbox oil in any car I've owned. I'm a few weeks from 6 years ownership of my first Ferrari. Have not changed the gearbox oil yet and it runs like a swiss watch. Next winter when I do major I will but I'm not losing any sleep over it.
Sorry Dave, you are wrong on this one. The cats are on each side of the transaxle and they cook the gear oil. I have changed the gear oil and I can tell you first hand that it takes a beating. Just because you haven't changed yours and it hasn't failed yet doesn't make it a good idea. There are WAY too many bad things that can happen to just let it run over saving $200.
You better pray that filter is clear, plenty of metal shavings get caught in there all the time for owners. The fluid breaks down over time, heat and so on, it looses it viscosity and effectiveness, no rocket scientist, but not a smart move on your part.
Each to their own, but annually when the under trays are off I do the trans oil and the engine oil. It's too easy and cheap insurance. The perfectly good trans oil gets saved up for my muscle car gearbox. Win.
I think it's worth it. Had a red/tan manual years ago and the feeling in that car (or any Ferrari?) is something that can't be described. I didn't care what other car was faster, had more gadgets or anything like that at all. For me it was finally owning the car of my dreams. I've always thought if it like this, you either have a Ferrari or you don't. Justifying that another car is faster is, and was, pointless to me.
Can't believe this thread is still alive. To answer the original poster's question, "is the 360 worth it" : Yes. 'Nuff said. Tom
