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Why isn't this 355 selling?

Discussion in '348/355' started by Paul308, Jan 21, 2018.

  1. Paul308

    Paul308 Formula Junior

    Apr 24, 2006
    289
    Full Name:
    Paul
    Guys, I've been watching this 355 on ebay for many, many months and it just isn't selling. I know the guy originally was asking $79k for it. It has 22k miles and a clean carfax with the major done 2 or 3 years ago (with very little mileage since). I think this car has been mostly sitting for the past 9 or 10 years for the most part. It looks great but I'm just surprised nobody has bought it. I know the market for our cars is small but I'm kind of scratching my head on this one. Thoughts?

    https://www.ebay.com/itm/1995-Ferrari-355-F355-Spider-Manual-Red-Tan-/112767168373?autorefresh=true

    Paul
     
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  3. tbakowsky

    tbakowsky F1 World Champ
    Professional Ferrari Technician Consultant

    Sep 18, 2002
    15,213
    The Cold North
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    Tom
    Hate to say it. It mainly because it's a 355. Well known for expensive repairs. And ill bet this very site has a lot to do with 355 values.

    The 355 is perhaps ferraris greatest drivers car. But make no mistake, it can be a nightmare to own. The selling prices and lack of sales reflect that. You really must be an over the top 355 enthusiast to put up with the various an constant issues. That car looks like a great deal..but who knows what is lurking underneath all that beautiful bodywork.
     
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  4. Paul308

    Paul308 Formula Junior

    Apr 24, 2006
    289
    Full Name:
    Paul
    The 355 is drop dead gorgeous. The 308 is and always will be my first love but the 355 styling is sublime. I'll never get rid of my 308 but I've been pondering getting a second Ferrari and I LOVE the looks of the 355 but the performance and reliability of the 430 (along with the much reduced price and easy drivability for my wife) is intriguing as well.
     
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  5. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    Dave Lelonek
    Aside from a few obvious items in the photos, the car looks nice. But, at $79K, it's over priced in a down market. As a 355 owner, my 98 is no nightmare whatsoever.
     
  6. WATSON

    WATSON F1 World Champ
    Rossa Subscribed Owner

    Sep 9, 2010
    14,223
    WI
    Nightmare to own? Really? Come on man. That's not true and you know it.

    It isn't an easy car to own. But it is a Ferrari. Want easy? Buy a Honda.

    A nightmare? No. If you buy a POS Ferrari of any model it is a mess.

    A decent 355 example is a joy to own and drive.
     
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  8. mello

    mello F1 Rookie
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    Jul 12, 2013
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    What do you all think is a fair price for example?
     
  9. BrianNYC14

    BrianNYC14 Formula Junior
    Rossa Subscribed

    Dec 6, 2014
    670
    New York City
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    Brian E
    Two F355's in my garage, both pleasures to own.

    Hard to speculate on price without knowing the car (and a PPI), maybe 6 or 7 bitcoin?
     
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  10. gobble

    gobble Formula 3
    Silver Subscribed Owner

    Jan 29, 2010
    1,289
    Milwaukee, WI
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    Mark
    Ha, I went to the Ebay ad and saw $49k and said I'm going to buy this car. Then I went to their website and see it listed for $82,900. That's why it's not selling.
     
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  11. WATSON

    WATSON F1 World Champ
    Rossa Subscribed Owner

    Sep 9, 2010
    14,223
    WI
    I did the same thing. I saw $49,600 and reached for the buy it now button. Damn. :)

    Fobs are perfect BTW. Thanks a million for your time this summer.
     
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  13. gobble

    gobble Formula 3
    Silver Subscribed Owner

    Jan 29, 2010
    1,289
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    Great to hear. I forget if you left here with all black or had a red in the mix. I found a source 99% close to OEM for cases and will drop a red case in the mail if you need one.
     
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  14. emac

    emac Formula Junior
    Silver Subscribed

    Sep 14, 2014
    751
    upstate SC
    Full Name:
    ernest
    Its because the oil pressure is too low at idle :). 82,900 is just too high, and I have a 96 just like it. I would love to see it go for 82K. As for upkeep, my 96, once I sorted some self inflicted issues from the previous mechanic, it has been a good car.

    You can have mine for 79k!
     
  15. John M

    John M Formula Junior

    Nov 18, 2004
    887
    Kentucky
    No nightmare, nor constant repairs here.....and mine is a.....gulp....F1 Spider! :D When I purchased the car, I flew to Dallas and drove it back to KY....and IT MADE IT! :D

    Seriously, if you are shopping a 355 you need to dig into the details of the year and model and determine what has and hasn't been addressed. I think the potential issues are well documented for each 355 model and year of production. The 355 does have more issues than a 308 to bite you. So you must do the homework on each considered car. What Watson said....a decent 355 example is a joy to own and drive.
     
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  16. Paul308

    Paul308 Formula Junior

    Apr 24, 2006
    289
    Full Name:
    Paul
    Dave Rocks above mentioned that there were a few obvious items wrong with the car from the photos...what are they? I don't know 355's as well as I know 308's. :)
     
  17. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    Going from memory.....

    - Dash leather pulling a touch at the corner of one of the vents
    - Still some sticky parts: Instrument cluster, trim around radio, a few others
    - stick on shield, one side and wrong position
    - under bumper scrapes (common)
    - gap in leather, center lower dash (below radio)
    - single fuel pump and appears fuel divider block recall not done
    - old style power steering reservoir.

    Again, these are from memory. It's still a very clean looking car.
     
  18. Dave rocks

    Dave rocks F1 World Champ
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    Nov 23, 2012
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    Pending service records and no major unforeseen issues, $65,000
     
  19. mello

    mello F1 Rookie
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    Jul 12, 2013
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    The seller wants 75K. A deal breaker for me.
     
  20. steved033

    steved033 F1 Rookie
    Silver Subscribed Owner

    Apr 12, 2017
    3,038
    Atlanta, GA
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    Steve D.
    where else does he advertise? I was watching a 348 in the same way. Blu Sera, berlinetta, grey interior. I couldn't find ANYTHING else out there about guy or his business short of what he was selling on ebay. With 56k miles (IIRC), and need of service, 52 was too much asking. Even talking to him on the phone, he really didn't seem keen to sell or work with me.

    sjd
     
  21. mello

    mello F1 Rookie
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    Sellers like that are hoping that a first-time buyer will snatch it with his eyes closed. A sucker is born every second. One major reasons why they're firm on the asking price. Buyers beware!
    I wrench my own car and don't mind purchasing one with some flaws ... but not at that price!
     
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  22. flat_plane_eddie

    flat_plane_eddie F1 Rookie
    Silver Subscribed Owner

    Mar 30, 2013
    2,782
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    Eddie
    I've been seeing that car for a long time, as well. I'd say for it to sell quickly it's worth low 60s. If he has a bit more time then 65 to high 60s for the right buyer.
     
  23. johnk...

    johnk... F1 Veteran
    Owner

    Jun 11, 2004
    8,260
    New England/FL
    If he want to move it, $60-$65k car max at this time.
     
  24. johnk...

    johnk... F1 Veteran
    Owner

    Jun 11, 2004
    8,260
    New England/FL
    I see some of us know the market. :)
     
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  25. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    Mar 30, 2013
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    Mere minutes apart!
     
  26. Dave rocks

    Dave rocks F1 World Champ
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    You guys are a bit late to the party :D
     
  27. cf355

    cf355 F1 Rookie

    Feb 28, 2005
    4,145
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    chris
    Ebay bidding ended- not sold .....
    US $56,889.00
    Reserve not met
     
  28. 355 Shwing

    355 Shwing Karting

    Sep 9, 2009
    123
    Gulf Breeze, Fl
    Full Name:
    Craig Payette
    I had more problems with my Lexus ES 350 than I had with my 355. Any problems I have had with my 355 have been very minor. I have owned my 355 for 10 years, put 6500 miles on it, and it hasn't missed a beat. The 355's time will come, however, even when it does, I'm not selling mine.
     
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