Please explain to me a $111,000 355

Paint work May be hurting it?


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I also graduated high school in '85 too, but I wanted a 328. I could have bought a new 348 when I bought my 328 in the early 90's but I thought that the 348 styling had lost its way.

 

Ok, I can't believe this thread is still going and that I just got all caught up since the first few days of when it started. I wanted to be current while watching this one close today:

'98, 14K miles, 6-speed, black/black, serviced in 2016.
https://bringatrailer.com/listing/1998-ferrari-f355-spider-9/

 

348? Isn't that the car Ferrari almost went bankrupt over? The F355 is the reason why Ferrari is still operating today. F355 owners should be getting 5% royalties for every Ferrari sold since.

 

yeah... thats exactly what happend. :rolleyes

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That's exactly what didn't happen... thank you F355. #neverforget

 

I've said it before in this thread, that high-dollar BaT that started this conversation was photographed extremely well.

The 14k '98 wasn't.

It makes a huge difference if you can't inspect the car in person.

Matt

 

My GF and I just moved to Belmont Shore in December, so I havent’t been around that long. I’m only there half the time as I have my own place near work in Rancho.

Haven’t seen much exotics around to be honest. Just a few on the weekends on 2nd Street, that’s about it. Beautiful area, but don’t see very many fancy cars at all.

 

I think most people in this conversation are delusional.

Purchase a F355 for the driving enjoyment, not the investment.

The best you could hope to do is break even.

Buy a good driver and forget about concours vehicles.

 

last two spyder sales 65k and 57k. now what?

sjd

 

Buy a GTB


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I completely respect this view, but will say that I think the 348 is beautiful. Always have. Your view sixcarbs is not a small cohort. I've read/heard many people share your views. I fully appreciate it because it's subjective. I just never understood folks that love look of the 355 and hate the look of the 348. A 348 is basically a 355 with no 'graters', they follow the same basic look, and to laymen often can be mistaken as the same car - just like the: (308/328, 360/430, 458/488) - it's similar to folks that say the 430 is beautiful and the 360 trash. Or the 458 is beautiful and 488 is 'ugly.' They are like 90% the same looks wise to the majority of non-Ferrari people.

They sold 9,000 of em, 50% more then the model it replaced. The early 90's doldrums didn't have to do with the 348 not pulling it's weight, and more to do with the 10+ year old Mondial & 9 year old Testarossa, being the other offerings not being able to pull theirs (after being on the market that long, understandably) + 80's hangover in general. The 456 only available in Europe until MY95.

 

Ironically I think the 348 suffered from a lot of 'bad' press - some of it it fair, some of it not. ('the most unstable car at high speed of all time' ring a bell?)

The same sort of over-exaggerated and alarmist reporting we can see today

You know, kind of like how Doug Du Muro probably single handily made a generation believe a 355 is always on the verge of critical failure. I truly believe that's what makes the 355 the best bargain in the Ferrari world today.

 

Doug did us zero favors, but he is a Porsche fanboy and now Ford GT owner, so while he loves the 355, the exaggerated review hurts those not in the know.


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Exactly, I would have no qualms owning either car 348/355, I think both are amazing.

 

Here is what happens with me. I saw the video when I was shopping for a 348. I briefly considered a 355. That video claimed a 100% valve train failure rate. Now I knew that could not be true but it spurred me to research more. Lots.

Saw and read enough out here and other places over months that led me to just stick with the 348 which is just simpler.

Right or wrong that's how it went down for me. If others do the same as I did then the sales trajectory may not be as great as the car supposedly is.

Knowing what I know now I "may" have made a different decision, both are so great. It takes time to learn though. First impressions last but can be overcome with more research. It did for me. But with me and 30 days analysis coming in cold no real knowlege, the 355 seemed scary. 348 did not and was my first choice anyhow plus the 348 is better looking. Well the cheese graters at least.

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I made decision to only buy 1999’s after I sold my 1996. Granted most cars have had all issues fixed by now, but 99’s give you a touch bit more peace of mind, maybe if only in my own. And $111k ain’t crap. You will see my fully sorted, original 8500 mile rare optioned, Nero Metallica GTB for sale for $169k+ in a few years, hahaha


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if I ever get a 355 I'll put cheese graters on it...lol

sjd

 

Just for fun, I took the 355 and 348 side profile and Photoshop out the 4 slats and added the 355 rims.

that's the only changes I made...that's why it always been strange to me that one's a masterpiece and the other one gets flak. It's like if the Mona Lisa had stripes on the shirt - it's all of a sudden terrible.

 

Try the same thing with the rear clip and remove two spark plugs from the 355 and the cars will be pretty close. LOL

 

Below is the Market Trends based on reported sales I believe. I pulled on Havgertys site for the 1990 348ts.
It shows price have come up over the last 5 years

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I’m just talking purely about about the looks. No question the F355 is faster. I don’t own a 348, so not biased. As I said a few posts above, I don’t understand how people can love the looks of the F355 but absolutely hate the looks of the 348. I respect it though, since it’s subjective.

 

Hagarty is an insurance company and their valuations involve a rectal aperture that numbers are yanked out of. The only sales numbers you should be concerned with are what you bought your car for and what you will sell it for. Everything else is speculation at best but most likely nothing more than mathematical mental masturbation. These cars won't be truly collectible for another two decades, in the meantime if you have a car and drive it like you stole it.

 

10 years ago I could have bought my 348 for $8-10k less. I’d say the Hagerty numbers are a good approximation of the trend.

 

Yes, those VERY high maintenance bills are definitely the reason why Ferrari is still operational.