Is the best cheap Ferrari a 360?

it was a cell phone payment to have a ferrari for years i don't think there is one person that's out there that can consider themselves a car guy that wouldn't want to own a ferrari i think it's as simple as that the ferrari is the pinnacle of of automobiles as far as desirability they've built the strongest brand and i mean any cool car to a non-car person is like is that a ferrari and that's why people buy them and there are cars that ferrari have made that are not good at all but people flock to buy them because it gets them in the club and that's the 308s the 328s the 400 eyes the i mean the mondials these are not great cars they're not fast they don't perform well they break a lot they cost as much to maintain as they cost to buy but people buy them because now they own a ferrari and that game is sort of coming to an end because there aren't really cheap ferraris anymore you used to be able to go out and scoop up a 308 for 25 grand 25 grand is like oh do i want to get a cobra r or do i want to get a whatever i've got a new mustang gt or a ferrari and the answer is the new mustang gt comes with a warranty and the ferrari is likely going to cost you 20 grand a year to drive it if you want to drive it and ultimately people tend to move towards ferraris and there's so few of them out there now comparatively that there are more buyers than there are cars and that drives the price up and everybody loves to if there's nothing more than a ferrari guy likes to talk about more than what his car is worth and it's like yeah i bought this and i paid x and now it's worth why and that that's a very common thing because ferraris hold their value like you're used to buying a car we buy a new mercedes for 175 000 and you know that you're driving a car that's going to be selling for 10 one day ferraris don't do that ferraris they're they're there they're more desirable even with miles no matter what it's either going to catch fire and burn to the ground or it's going to go and exist for however long and it's going to maintain a minimum value now ferraris i've seen a a depreciation curve that sort of comes down levels out and then goes back up and that happens on virtually every model there was always a sweet spot in the time where you're like all right that's the bottom that's where i buy and you can buy a car and it goes one of two ways you either drive it and it it maintains its value or you don't drive it and it goes up in value that's where the 360 i found the sweet spot and i think we're sort of starting to ride the wave of the 360 coming up and that there there seems to be generational gaps like there are cars that are from the 40s and 50s and 60s that that went through this wave but now everybody that was interested in those cars is sort of dying off and leaving those cars to their kids or their grandkids and those cars are like i don't want that you can't find parts it's not comfortable to drive it's like my sentimental value but like the thing is just in the way and there's more cars than there are buyers especially for the pedestrian cars from the 50s 60s 70s there's always going to be a market for 69 camaros and all these collectible cars not so much for the the galaxy 500 or or a standard joe blow mustang from the 60s and that's where you run into an issue is that when that generation dies off so do those cars and i don't think you'll have that with brands like ferrari even lamborghini i remember miuras used to be possible to purchase for a reasonable amount of money not anymore they're million dollar cars the reason for that is that there's something special about ferrari and lamborghini and maybe it's just my generation maybe my kids kids are not going to care about amira and amira is going to go from like super desirable to who wants that old thing it burns gas and only time will tell and i probably won't be here and i'm happy i won't be here to find that out but at the end of the day ferraris for my lifetime and for the rest of my life will always be desirable it's just one of those things that's a super strong brand one of the strongest brands in the world and that's why i'm happy to have owned many of them and the one thing that i've owned and i've i've enjoyed the most and i don't know why it's it's i seem to flock towards cars that i grew up liking when i started getting into cars so like late 90s early 2000s is when i started getting the car bug and that's when the 360s the supras the corvettes the rx-7 the nsx that's when these were in the diablos the the murcielagos that's when these cars were all cool and i still think they're cool i thought they were cool back then i think they're cool now and i think that's a a testament to the uh desirability of the cars and i'm not the only one that thought they were cool i just happened to have made money sooner than the other people my age so i was able to get into them sooner so as they age 10 years from now now more of them want to relive that childhood nostalgia and they now are all wealthy and able to fight over and that brings the price on these cars up i've been driving 360s now from the rental company starting in like the early 2000s but i got my first personal one i want to say about seven years ago so i bought a 360 coupe i bought it with 48 000 miles on it and it needed a clutch so i think i paid 50 grand for it i drove that for four years and i sold it for 55. now you start adding all of it up i've done it already i forget what the exact figure was but when you amortize everything and when i say everything i'm talking about insurance depreciation the cost to borrow the money i put zero down i went through pen fed and i borrowed every penny of that car and when you factor in all the interest the depreciation the maintenance the clutch job the major service that car over four years cost me 113 dollars a month plus minus it was 120 107 whatever it was it was a cell phone payment to have a ferrari for years and that was cool at the same time i had that ferrari i also picked up a convertible so i had a posi blue it's essentially the perfect second ferrari color because everybody gets the red ferrari as their first one this one was a tdf blue was my choice pozzi blue came in front of me and my dealership called me up after i bought a gt3 from them which was such a great car i bought a 997 gt3 like two months later it's like i've got this 360 spider do you want it and i was like sort of and i bought that and i think i paid like 65 grand for a 360 spider and again same thing it was i've now got the red coupe the gt3 i've got i had a bunch of cars at the time but the the red ferrari 04 coupe and then i had a 18 000 mile posi blue spider i like the spider i like the coupe now what do i have i have a red spider i combine the two and i've got sort of the best of both worlds and i've had great luck with these cars and i want to say luck i've never had a like significant failure it's still i tell people like five grand a year just to keep it as a budget you may go two years where it's 500 bucks but then you may go one year where it's 10 000. i haven't had that 10 000 yet i've done major services a couple thousand bucks here or there but i have another transmission i haven't an engine failure an engine rebuild i haven't had any of the really major stuff and it's not for lack of trying my last ferrari the one i'm driving now the 360 spider it's an 04 red black i bought it in denver just one of those things i have a company called adventure drives we do these driving trips and we were starting in denver ending in napa so i was like all right i'm shipping out my nsx i've got no for nsx clearly i buy cars from my childhood and i'm like you know what i'm shipping that but let me i'm sitting on the toilet like every other guy and like flipping through my phone looking through ebay seeing what's local and i was like oh well it's a 12 000 mile 0-4 360 spider red red blacks nice and i decided to like give the guy a call and i think i paid almost 80 grand for it because it was 12 000 miles would have been the lowest mile car i bought and i'm like you know what but this is one i'll keep i've gotten rid of my other two and now it's time i need a ferrari and i told my wife it was like oh yeah i came up with some excuse why we needed it i was like all right i gave the guy a deposit and like i'm gonna get a ppi at the ferrari of denver and as long as it checks out i'll buy it so i flew in my nsx is already there and got the ppi everything checked out i bought a new set of tires for because it's still the original tires which sounds bad because old tires are bad but it's good because that means nobody really beat the crap out of it and probably still has 12 000 miles on it ppi checked out i bought the car and then i essentially drove it to california that week and since then i've done at least three or four other adventure drives with that car and i've done i'm at i just crossed like 23 000 miles so i've done 11 000 miles in a little over two years on that car which is not an insignificant amount of mileage but it's it's also not daily driving by any stretch uh it turns out that that car ends up sitting a lot i don't drive it to the supermarket i don't try to show off to my neighbors i drive it when there's fun driving to be had and i've driven it through death valley i've driven it at top speed multiple times wherever i can through montana through wyoming through all these open stretches of road when i've got opportunities i definitely get on it and i've enjoyed it i've enjoyed every moment of it the 360 is probably the best value you can get in ferraris right now people either are 360s or 430s and really depends on your age people a little younger than me tend to lean towards 430s because that's the car they grew up with it's i can't say that i don't like 355s i just talked myself out of it because of the maintenance aspect but at 355 is a phenomenal sounding ferrari it's probably the first ferrari i would purchase but i wouldn't road trip it so the 360 is the first i i don't want to i hate using the word reliable in ferrari in the same sentence but the 360 is the first reliably viable ferrari that i think people can own buy keep and sell without losing their shirt on depreciation without losing their shirt on maintenance and it's got enough performance to make you smile and not be like wow this thing really needs to be much faster like you would see with a 308 or 328 as you get smoked by a minivan if you get a speeding ticket or other traffic citation don't just pay it it can involve costly insurance premium increases points on your license possible suspensions and a lot of other inconveniences and when you find it you want the right people on your side that means finding a local lawyer to wherever you got the ticket even if it's in your backyard or on a road trip or wherever off the record is the best way to find the best attorney they 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Id: knNrNpbjtwY

Length: 12min 20sec (740 seconds)

Published: Thu Mar 04 2021