Thanks for the informarion. Even if I could afford one, the maintenance costs would really annoy me. Its hardly been driven over the past 5 years and about £25K in repairs. Totally ridiculous. It makes owning a used Bentley GT seem like a bargain! 💫🙈
keep in mind the age of the car. 20 years old. Parts wear out from age alone, not just mileage. $4k a year in maintenance is not bad. My BMW 3 series is about $3k a year in maintenance lol
These sports cars of all kinds are very sexy beautiful looking super expensive ripp off shit boxes that aren't worth owning at all. If Ferrari are one of the best car builders why are so many parts replaced so frequently?
@WetLettuce-kc2qm there is probably a balance to achieve. Perhaps being semi retired when you’re still relatively young to keep you busy, but enjoy your toys and experiences while still having plenty of free time.
Haha - I have only had the car two years and I estimate the value of the car has increased more than my bills (but that’s not true for the previous owner), I will wait another year or so and do a full cost ownership video including the value going up, but saying that having a Ferrari you are always worried that a big bill is just around the corner!
Agreed it’s a huge expense for an old (20 plus years) car. I do think they are still a bargain in terms of Ferrari purchases prices (compared to the more expensive 355 and 430) but ownership can be very painful at times!
Total cost of £ 24,000.00 for 2,000 miles, that's a staggering £ 12.00 per mile .... I think renting so now and then a more recent Ferrari (458, 488, F8 Tributo) would be less costly.
I really want to get one of these, but these costs are just too high..It’s different if you’ve done 25K miles and get these issues..But to do 700 miles and have to still pay £4K for the pleasure, is just unworkable I think.
It is a lot for annual maintenance and I must admit you always have a worry that something is about to go wrong and the next big bill will appear, even above these maintenance costs. They are going on for 20+ years old now and if they are well sorted and well maintained cars they are pretty reliable, but one with delayed maintenance can have issues and be very expensive to own.
I love Ferrari cars, but their engineering is way below what it should be.Thats why I drive a Porsche 911.Their is a quote if you want reliability you get a Toyota if you want safety a Volvo if you want style a Ferrari.If you want all 3 you get a Porsche.With that being said nothing has the style of a Ferrari.
I would recommend one because since I sorted mine out it’s been great to drive and use, they are reliable, relatively simple to fix, but parts can be expensive at times. 47k is not a big mileage for a Ferrari, mine had 49k on the clock when I bought it. I love mine and would recommend the 360 as I think it’s a perfect balance between the classic and new Ferrari models and it’s great value.
£25,000 to cover 2,000 miles?!? WTaF!!!! You could rent a Ferrari for a few days, cover 2,000 miles, and invest the rest in shares that will actually MAKE you your money back.
I agree, this is why I think they change owners quite quickly, I have had it for 3 years and my maintenance costs are about £9k and the value has definitely gone up more than that over my ownership, I am sure the previous owner has lost a bit
I found one for sale. It has 12k miles and just had a major services done. It was 2002 360, not a manual gear. Should I get it? The current owner had it for 10 years.
They are great cars and I really like mine - I did a video on what to look for when buying a 360 - looking at spec and condition with the common faults, so look out for any of those faults. Make sure the car is well maintained with good annual service history done by a very good specialist.
@@rcclassicgarage I have a question for you. Have you ever dealt with removing clear bra from the Ferrari? The car that I’m looking to buy, 2002 360 has an original clear bra paint protection on it and now there are all kinds of cracked line everywhere from the clear bra. If I were to have it removed, I am worried that it will pull the paint off the car. What should I do? Will this be a deal breaker? Thank you
It’s always different ball joints, there are many upper and lower ones on the front and back of a 360 - the car has 50,000 miles and I think almost all have been replaced now
Yes I used the full history file of the car and invoices under the previous owner, I could have gone back further in the history but did not think it was so relevant anymore and that 6 years gave a decent sample.
They do have very good engines and nothing beats the roar of the v8 or v12 cars. When very well looked after they are reliable, but they do take a lot of maintenance, which should be done as preventative maintenance and not wait for something to go wrong because then they get expensive.
They are actually reliable cars, it’s just the maintenance costs are very very high and being a high performance car parts like suspension wear quickly
Never had problems with the ball joints. I have had my 2004 since 2015. Did have a nasty bill when a ticking sound was coming from my intake manifold. Aside from that just routine services performed. I do have a manual 6 speed transmission but that should not mean much. All the Best
